EVGO

LOS ANGELES, May 19, 2026 (GLOBE NEWSWIRE) -- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”), one of the nation's largest public fast charging networks for electric vehicles (“EVs”), named Amber Scott, CPA, Chief Accounting Officer (CAO), effective May 18, 2026. In this role, Scott will oversee the Company's Accounting, Tax, Compliance, and SEC Reporting functions, reporting directly to EVgo's Chief Financial Officer, Keefer Lehner.

Although the revenue and EPS for EVgo (EVGO) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

EVgo Inc. (EVGO) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to a loss of $0.09 per share a year ago.

Total revenue of $110 million in the first quarter, representing an increase of 45% year-over-year. Charging network revenue totaled $56 million in the first quarter, an increase of 18% year-over-year, representing the 17th consecutive quarter of double-digit year-over-year charging revenue growth.

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EVgo (EVGO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

EVgo stands out by focusing on DCFC charging, decoupling revenue growth from EV sales, and achieving notable gross margin improvement. Despite gross margin gains, EVGO faces persistent operational losses, heavy CapEx, and ongoing share dilution risks, with negative free cash flow expected until 2031, according to my DCF model. My proprietary DCF model yields a $23.27 price target, implying a 24% CAGR, supported by DOE loan-driven network expansion and long-term industry tailwinds.

EVgo, Inc. delivered 49% y/y revenue growth in FY25, with strong gains in ancillary and charging segments, and notable margin improvements. EVGO achieved positive adjusted EBITDA ($25m in Q4), improved gross margins (46%), and maintains a solid cash position ($151m) versus $204m in long-term debt. 2026 revenue guidance ($410m–$470m) falls short of consensus, with management framing the year as a 'transition' and expecting acceleration in the second half.