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EVgo (EVGO) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 6, 2026

EVgo (EVGO) reported revenue of $82.6M for the second quarter 2026 (Q2 2026), -16% from a year earlier and -25% from the quarter before. Operating margin was -48.6%, net loss $46.3M (56.1% of revenue).

Revenue$82.6M
Year over year-16%
Quarter over quarter-25%
Operating margin-48.6%
Net earnings−$46.3M

EVgo, Q2 2026: revenue $82.6M (-16% year over year), operating margin -48.6%, net loss $46.3M, operating cash flow −$6.5M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$82.6M-25%-16%
Operating profit−$40.1M——
Net earnings−$46.3M——
Operating cash flow−$6.5M—-146%

What changed

Revenue was $82.6M in Q2 2026, down 16% year over year and down 25% from the previous quarter. Charging, retail was the largest line at 46% of revenue. eXtend lost $19.4M year over year (down 52%), 126% of the total change.

Gross margin was 8.9%, down 5.3 points from Q2 2025. Operating costs exceeded revenue by $40.1M, an operating margin of -48.6%. Operating expenses grew 6% against a revenue fall of 16%. The quarter ended with a net loss of $46.3M, wider than the previous quarter's $37.0M loss. Minority interests bore $25.6M of it: to shareholders the quarter was a loss of $20.8M.

Operating cash flow was −$6.5M. Non-cash charges added back $22.0M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items added $14.6M. Capital expenditures of $33.8M exceeded it, leaving free cash flow of −$40.3M.

Questions

What was EVgo's revenue in the second quarter 2026?

EVgo (EVGO) reported revenue of $82.6M for the second quarter 2026 (Q2 2026), -16% from a year earlier and -25% from the quarter before.

Was EVgo profitable in the second quarter 2026?

Operating loss was $40.1M (-48.6% of revenue) and net loss $46.3M.

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Source: EVgo 10-Q on SEC EDGAR.