EVgo Q4 Loss Narrower Than Expected, Revenues Increase Y/Y

Core Insights - EVgo Inc. reported a narrower loss of 4 cents per share for Q4 2025, compared to a loss of 11 cents in the same quarter last year and better than the Zacks Consensus Estimate of a loss of 15 cents [1][9] - The company achieved revenues of $118.47 million for the quarter, reflecting a year-over-year increase of 75.5%, driven by a one-time ancillary contract closeout payment, surpassing the Zacks Consensus Estimate of $95.67 million [2][9] Revenue Breakdown - Total Charging Network revenues increased by 37.3% year over year to $63.63 million, marking the 16th consecutive quarter of double-digit growth, with retail charging at $35.78 million (up 22%), commercial charging at $9.33 million (up 19%), and OEM charging revenues at $6.53 million (up 34%) and $9.79 million (up 569%) [3] - eXtend revenues reached $23.69 million, a 33% increase year over year, while ancillary revenues surged 899% year over year to $31.14 million, including the non-recurring contract payment [4] Operational Highlights - The company operated 5,100 stalls at the end of Q4, a 25% increase year over year, including 3,890 stalls on the public network and 1,070 stalls under the eXtend program, with over 500 new DC fast-charging stalls added during the quarter [5] - Network throughput reached 99 GWh, an 18% year-over-year increase, with average daily throughput per stall rising 9% to 292 kWh per day, and the total customer accounts increased to 1.6 million [6] Financial Position - As of December 31, 2025, EVgo had $151 million in cash and cash equivalents, with long-term debt reported at $206.47 million [7] 2026 Guidance - For 2026, EVgo expects revenues between $410 million and $470 million, compared to $384 million in 2025, with adjusted EBITDA projected to range from a loss of $20 million to a positive $20 million, and plans to add 1,400 to 1,650 new stalls [8]