Filing Flows › EVgo (EVGO) › Q3 2025
EVgo (EVGO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
EVgo (EVGO) reported revenue of $92.3M for the third quarter 2025 (Q3 2025), +37% from a year earlier and -6% from the quarter before. Operating margin was -36.9%, net loss $28.4M (30.7% of revenue).
EVgo, Q3 2025: revenue $92.3M (+37% year over year), operating margin -36.9%, net loss $28.4M, operating cash flow −$22.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $92.3M | -6% | +37% |
| Operating profit | −$34.1M | — | — |
| Net earnings | −$28.4M | — | — |
| Operating cash flow | −$22.8M | -262% | — |
What changed
Revenue was $92.3M in Q3 2025, up 37% year over year and down 6% from the previous quarter. Charging, retail was the largest line at 38% of revenue. eXtend added $10.0M year over year (up 46%), 40% of the total change.
Gross margin was 13.6%, up 4.2 points from a year earlier. Operating costs exceeded revenue by $34.1M, an operating margin of -36.9%. Operating expenses grew 22% against revenue growth of 37%. The fastest-growing cost line was SG&A (+31%). The quarter ended with a net loss of $28.4M, narrower than the previous quarter's $29.8M loss. Minority interests bore $16.0M of it: to shareholders the quarter was a loss of $12.4M.
Operating cash flow was −$22.8M. Non-cash charges added back $17.2M of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items used $18.7M. Capital expenditures of $26.2M exceeded it, leaving free cash flow of −$49.0M.
Questions
What was EVgo's revenue in the third quarter 2025?
EVgo (EVGO) reported revenue of $92.3M for the third quarter 2025 (Q3 2025), +37% from a year earlier and -6% from the quarter before.
Was EVgo profitable in the third quarter 2025?
Operating loss was $34.1M (-36.9% of revenue) and net loss $28.4M.
Source: EVgo 10-Q on SEC EDGAR.