EVgo (US:EVGO)2025-08-05 12:00Financial Performance & Growth - EVgo achieved revenue of $98 million, a 47% increase compared to Q2 2024[11] - Adjusted EBITDA improved by $6 million compared to Q2 2024, reaching $(1.9) million[11] - The company had $183 million in cash, cash equivalents, and restricted cash as of June 30, 2025[11] - EVgo is targeting revenue between $350 million and $380 million and Adjusted EBITDA between $(5) million and $10 million for 2025[95] - Public network daily throughput per stall grew 2.5x in 2 years[84] Network Expansion & Efficiency - The number of operational stalls increased by 27% to 4,350 compared to Q2 2024[11, 102] - EVgo closed a commercial bank financing for up to $300 million in July and received an initial $48 million[13] - The company lowered its 2025 vintage net capex per stall by 28% due to higher efficiencies and capital offsets[13] - EVgo is targeting 13,800 to 14,400 public network stalls in operation by 2029[61] Market Dynamics - Demand for DCFC is outpacing supply, creating a favorable macro environment for EVgo[14] - EVgo anticipates 4.2x growth in EV VIO (vehicles in operation) by 2030 compared to 2024[16]