Filing Flows › EVgo (EVGO) › Q2 2025
EVgo (EVGO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
EVgo (EVGO) reported revenue of $98.0M for the second quarter 2025 (Q2 2025), +47% from a year earlier and +30% from the quarter before. Operating margin was -31.4%, net loss $29.8M (30.4% of revenue).
EVgo, Q2 2025: revenue $98.0M (+47% year over year), operating margin -31.4%, net loss $29.8M, operating cash flow $14.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $98.0M | +30% | +47% |
| Operating profit | −$30.8M | — | — |
| Net earnings | −$29.8M | — | — |
| Operating cash flow | $14.1M | — | +86% |
What changed
Revenue was $98.0M in Q2 2025, up 47% year over year and up 30% from the previous quarter. eXtend was the largest line at 38% of revenue. Charging, retail added $10.4M year over year (up 47%), 33% of the total change. Network, OEM declined 93%.
Gross margin was 14.2%, up 4.6 points from a year earlier. Operating costs exceeded revenue by $30.8M, an operating margin of -31.4%. Operating expenses grew 15% against revenue growth of 47%. The fastest-growing cost line was SG&A (+20%). The quarter ended with a net loss of $29.8M, wider than the previous quarter's $26.2M loss. Minority interests bore $16.8M of it: to shareholders the quarter was a loss of $13.0M.
Operating cash flow was $14.1M (up 86% year over year). Non-cash charges added back $18.5M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items added $18.4M. Capital expenditures of $26.2M exceeded it, leaving free cash flow of −$12.1M.
Questions
What was EVgo's revenue in the second quarter 2025?
EVgo (EVGO) reported revenue of $98.0M for the second quarter 2025 (Q2 2025), +47% from a year earlier and +30% from the quarter before.
Was EVgo profitable in the second quarter 2025?
Operating loss was $30.8M (-31.4% of revenue) and net loss $29.8M.
Source: EVgo 10-Q on SEC EDGAR.