Electric vehicle charging company EVgo (NASDAQ: EVGO) reported Q4 CY2025 results topping the market’s revenue expectations, with sales up 75.5% year on year to $118.5 million. On the other hand, the company’s full-year revenue guidance of $440 million at the midpoint came in 8% below analysts’ estimates. Its GAAP loss of $0.04 per share was 45.3% above analysts’ consensus estimates.

Is now the time to buy EVgo? Find out by accessing our full research report, it’s free.

“In 2025, EVgo established its position as one of the leading and fastest growing public charging network operators in the U.S.,” 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.

Revenue Growth

Examining a company’s long-term performance can provide clues about its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Luckily, EVgo’s sales grew at an incredible 92.4% compounded annual growth rate over the last five years. Its growth beat the average industrials company and shows its offerings resonate with customers.

Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. EVgo’s annualized revenue growth of 54.5% over the last two years is below its five-year trend, but we still think the results suggest healthy demand.

We can dig further into the company’s revenue dynamics by analyzing its number of gigawatt-hours sold, which reached 99 in the latest quarter. Over the last two years, EVgo’s gigawatt-hours sold averaged 24.3% year-on-year growth. Because this number is lower than its revenue growth during the same period, we can see the company’s monetization has risen.

This quarter, EVgo reported magnificent year-on-year revenue growth of 75.5%, and its $118.5 million of revenue beat Wall Street’s estimates by 16.3%.

Looking ahead, sell-side analysts expect revenue to grow 24.5% over the next 12 months, a deceleration versus the last two years. Still, this projection is healthy and implies the market sees success for its products and services.

ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.

Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.

Operating Margin

EVgo’s high expenses have contributed to an average operating margin of negative 72.3% over the last five years. Unprofitable industrials companies require extra attention because they could get caught swimming naked when the tide goes out. It’s hard to trust that the business can endure a full cycle.

On the plus side, EVgo’s operating margin rose over the last five years, as its sales growth gave it operating leverage. Still, it will take much more for the company to reach long-term profitability.

This quarter, EVgo generated a negative 10.4% operating margin.

Earnings Per Share

We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company’s growth is profitable.

Although EVgo’s full-year earnings are still negative, it reduced its losses and improved its EPS by 13.6% annually over the last five years. The next few quarters will be critical for assessing its long-term profitability. We hope to see an inflection point soon.

Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business.

For EVgo, its two-year annual EPS growth of 19.2% was higher than its five-year trend. We love it when earnings improve, but a caveat is that its EPS is still in the red.

In Q4, EVgo reported EPS of negative $0.04, up from negative $0.11 in the same quarter last year. This print easily cleared analysts’ estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects EVgo to improve its earnings losses. Analysts forecast its full-year EPS of negative $0.32 will advance to negative $0.31.

Key Takeaways from EVgo’s Q4 Results

It was good to see EVgo beat analysts’ EPS expectations this quarter. We were also excited its EBITDA outperformed Wall Street’s estimates by a wide margin. On the other hand, its full-year revenue guidance missed and its full-year EBITDA guidance fell short of Wall Street’s estimates. Zooming out, we think this was a mixed quarter. The stock traded up 4.8% to $2.97 immediately after reporting.

Big picture, is EVgo a buy here and now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here (it’s free).