EVgo (NASDAQ:EVGO) Surprises With Q1 Sales, Stock Soars
Electric vehicle charging company EVgo (NASDAQ:EVGO) announced better-than-expected revenue in Q1 CY2025, with sales up 36.5% year on year to $75.29 million. The company's full-year revenue guidance of $360 million at the midpoint came in 2.3% above analysts' estimates. Its GAAP loss of $0.09 per share was in line with analysts' consensus estimates.
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EVgo (EVGO) Q1 CY2025 Highlights:
Revenue: $75.29 million vs analyst estimates of $74.21 million (36.5% year-on-year growth, 1.4% beat)
EPS (GAAP): -$0.09 vs analyst estimates of -$0.09 (in line)
Adjusted EBITDA: -$5.93 million vs analyst estimates of -$6.61 million (-7.9% margin, 10.3% beat)
The company reconfirmed its revenue guidance for the full year of $360 million at the midpoint
EBITDA guidance for the full year is $2.5 million at the midpoint, above analyst estimates of $1.76 million
Operating Margin: -44.4%, up from -58.7% in the same quarter last year
Free Cash Flow was -$25.24 million compared to -$35.15 million in the same quarter last year
Gigawatt-hours Sold: 83 at quarter end
Market Capitalization: $369.9 million
'EVgo once again achieved a record level of revenues, starting 2025 off on a strong foundation,' said Badar Khan, EVgo's CEO.
Company Overview
Created through a settlement between NRG Energy and the California Public Utilities Commission, EVgo (NASDAQ:EVGO) is a provider of electric vehicle charging solutions, operating fast charging stations across the United States.
Sales Growth
A company's long-term sales performance can indicate its overall quality. Any business can have short-term success, but a top-tier one grows for years. Luckily, EVgo's sales grew at an incredible 75.9% compounded annual growth rate over the last five years. Its growth beat the average industrials company and shows its offerings resonate with customers.
EVgo Quarterly Revenue
We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. EVgo's annualized revenue growth of 95.9% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated. EVgo recent performance stands out, especially when considering many similar Renewable Energy businesses faced declining sales because of cyclical headwinds.
EVgo Year-On-Year Revenue Growth
This quarter, EVgo reported wonderful year-on-year revenue growth of 36.5%, and its $75.29 million of revenue exceeded Wall Street's estimates by 1.4%.
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