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EVgo Posts First Annual Profit as Charging Network Expands Amid EV Market Headwinds

EVgo Posts First Annual Profit as Charging Network Expands Amid EV Market Headwinds

Author:

Global Cryptocurrency

Published:

2026-03-04 13:15:02

15

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BTCCSquare news:

EVgo's Q4 2025 earnings surprised analysts with $25M adjusted EBITDA on $118M revenue, far exceeding the $2.5M EBITDA consensus. Full-year revenue surged 50% to $384M, marking the charging network's first profitable year at $12M EBITDA.

Gross margins expanded sharply to 38% as DC fast chargers grew to 62% of its 5,100-stall network. Throughput ROSE 18% despite a 36% drop in US EV sales after tax credit expiration.

2026 guidance of $410M-$470M revenue and breakeven EBITDA disappointed markets, coming below the $478M and $33M analyst forecasts. Shares declined post-announcement.

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