EVgo Inc (EVGO) FinancialsEVGOEVgo Inc

EVgo Inc (EVGO) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Charging revenue, retail, accounting for 45.7% of total sales, equivalent to $37.78M. Other significant revenue streams include Extend Revenue and Charging revenue, commercial. Understanding this composition is critical for investors evaluating how EVGO navigates market cycles within the Electric Utilities industry.

Evaluating the bottom line, EVgo Inc maintains a gross margin of 5.09%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -45.03%, while the net margin is -56.07%. These profitability ratios, combined with a Return on Equity (ROE) of N/A, provide a clear picture of how effectively EVGO converts its operational activities into shareholder value.

In the context of the broader market, EVGO competes directly with industry leaders such as HITI and ELA. With a market capitalization of $333.39M, it holds a leading position in the sector. When comparing efficiency, EVGO's gross margin of 5.09% stands against HITI's 23.19% and ELA's 22.69%. Such benchmarking helps identify whether EVgo Inc is trading at a premium or discount relative to its financial performance.

EVgo has reported significant revenue growth in recent quarters, with Q2 2026 revenue at $82.648 million, but continues to face substantial net losses, including a net income of -$20.667 million for the same quarter. The gross margin has fluctuated, with a low of 5.09% in Q2 2026.