Filing Flows › EVgo (EVGO) › Q4 2024
EVgo (EVGO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 6, 2025
EVgo (EVGO) reported revenue of $67.5M for the fourth quarter 2024 (Q4 2024), +35% from a year earlier and 0% from the quarter before. Operating margin was -51.9%, net loss $35.6M (52.7% of revenue).
EVgo, Q4 2024: revenue $67.5M (+35% year over year), operating margin -51.9%, net loss $35.6M, operating cash flow −$12.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.5M | 0% | +35% |
| Operating profit | −$35.0M | — | — |
| Net earnings | −$35.6M | — | — |
| Operating cash flow | −$12.8M | — | — |
What changed
Revenue was $67.5M in Q4 2024, up 35% year over year and roughly flat from the previous quarter. Charging, retail was the largest line at 43% of revenue.
Gross margin was 14.5%, up 7.4 points from a year earlier. Operating costs exceeded revenue by $35.0M, an operating margin of -51.9%. Operating expenses grew 1% against revenue growth of 35%. The quarter ended with a net loss of $35.6M, wider than the previous quarter's $33.3M loss. Minority interests bore $23.2M of it: to shareholders the quarter was a loss of $12.4M.
Operating cash flow was −$12.8M. Non-cash charges added back $17.8M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $1.5M. Capital expenditures of $23.7M exceeded it, leaving free cash flow of −$36.5M.
Questions
What was EVgo's revenue in the fourth quarter 2024?
EVgo (EVGO) reported revenue of $67.5M for the fourth quarter 2024 (Q4 2024), +35% from a year earlier and 0% from the quarter before.
Was EVgo profitable in the fourth quarter 2024?
Operating loss was $35.0M (-51.9% of revenue) and net loss $35.6M.
Source: EVgo 10-K on SEC EDGAR.