Evgo (EVGO) financial statements
Evgo reported revenue of $384M in fiscal 2025, up 100.8% a year over 5 years.
Net income was -$42M and the operating margin -28.8%, against -497.0% in 2020.
Free cash flow was -$124M.
The diluted share count rose 96% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Evgo's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $12M | $22M | $55M | $161M | $257M | $384M |
| Cost of revenue | $23M | $29M | $60M | $151M | $227M | $303M |
| Gross profit | -$10M | -$7M | -$6M | $10M | $29M | $81M |
| Research and development | $1M | $2M | $5M | $6M | $12M | $12M |
| Selling, general and admin | $34M | $71M | $127M | $143M | $141M | $177M |
| Operating income | -$58M | -$90M | -$150M | -$153M | -$132M | -$111M |
| Interest expense | — | — | $21,000 | — | $73,000 | $6M |
| Pre-tax income | — | -$58M | -$106M | -$135M | -$129M | -$101M |
| Income tax | — | — | $18,000 | $42,000 | -$2M | -$5M |
| Net income | -$48M | -$6M | -$28M | -$42M | -$44M | -$42M |
| EPS (diluted) | — | -$0.09 | -$0.40 | -$0.46 | -$0.41 | -$0.31 |
| Diluted shares | — | 68M | 69M | 91M | 107M | 133M |
| Gross margin | -81.6% | -31.5% | -10.4% | 6.0% | 11.4% | 21.0% |
| Operating margin | -497.0% | -414.9% | -273.9% | -95.3% | -51.2% | -28.8% |
| Net margin | -406.4% | -27.3% | -50.5% | -26.4% | -17.3% | -10.8% |
Balance sheet
Fiscal years, from Evgo's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $8M | $485M | $246M | $209M | $117M | $151M |
| Receivables | $2M | $3M | $11M | $35M | $46M | $39M |
| Total current assets | $20M | $506M | $275M | $267M | $205M | $296M |
| Property, plant and equipment | $71M | $133M | $308M | $389M | $415M | $461M |
| Goodwill | $22M | $31M | $31M | $31M | $31M | $31M |
| Total assets | $182M | $746M | $730M | $807M | $804M | $965M |
| Total current liabilities | $64M | $47M | $87M | $89M | $111M | $135M |
| Long-term debt | — | — | — | — | $0 | $204M |
| Total liabilities | $93M | $158M | $213M | $266M | $360M | $579M |
| Shareholders' equity | $89M | -$1.4B | -$358M | -$161M | -$256M | -$117M |
| Net debt | -$8M | -$485M | -$246M | -$209M | -$117M | $55M |
Cash flow
Fiscal years, from Evgo's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$20M | -$30M | -$59M | -$37M | -$7M | -$8M |
| Capital spending | $19M | $65M | $200M | $159M | $95M | $117M |
| Free cash flow | -$39M | -$95M | -$259M | -$196M | -$102M | -$124M |
| Stock-based compensation | $929,000 | $11M | $25M | $30M | $22M | $27M |
| Net borrowing | — | — | — | — | $0 | $201M |
| Free cash flow margin | -335.2% | -436.9% | -474.5% | -121.7% | -39.7% | -32.4% |
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Open EVGO in InvestinglyQuestions
What was Evgo's revenue in 2025?
$384M in fiscal 2025, from its 10-K filing.
How much free cash flow does Evgo generate?
-$124M in fiscal 2025 (operating cash flow minus capital spending).
From Evgo's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.