---
title: "EVgo - CW25 | 8-K: FY2026 Q1 Revenue: USD 109.53 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285192931.md"
datetime: "2026-05-05T11:06:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285192931.md)
  - [en](https://longbridge.com/en/news/285192931.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285192931.md)
---

# EVgo - CW25 | 8-K: FY2026 Q1 Revenue: USD 109.53 M

Revenue: As of FY2026 Q1, the actual value is USD 109.53 M.

EPS: As of FY2026 Q1, the actual value is USD -0.12.

EBIT: As of FY2026 Q1, the actual value is USD -34.76 M.

### EVgo Inc. First Quarter 2026 Financial and Operational Highlights

#### Revenue

-   **Total Revenue**: EVgo Inc. reported total revenue of $109,531 thousand in the first quarter of 2026, marking a 45% increase year-over-year .
-   **Charging Network Revenue**: This segment contributed $55,717 thousand, an 18% increase year-over-year .
-   **Non-Charging Network Revenue**: Totaled $53,814 thousand, showing a significant 91% increase year-over-year .
    -   **eXtend Revenue**: $33,187 thousand, up 41% year-over-year .
    -   **AV and Ancillary Revenue**: $20,627 thousand, experiencing a 339% increase year-over-year .

#### Operational Metrics

-   **Net Loss**: The company reported a net loss of -$36,980 thousand in Q1 2026, compared to a net loss of -$26,227 thousand in Q1 2025, representing a 41% increase in loss .
-   **Gross Profit**: Gross profit was $12,957 thousand, an increase of 39% from $9,323 thousand in the prior year .
-   **Gross Margin**: Gross margin was 11.8% in Q1 2026, a decrease of 60 basis points from 12.4% in Q1 2025 .
-   **Operating Loss**: Operating loss increased by 9% year-over-year to -$36,346 thousand in Q1 2026 from -$33,400 thousand in Q1 2025 .
-   **Operating Costs (Cost of Sales)**: Total cost of sales was $96,574 thousand, a 46% increase year-over-year .
    -   Charging network cost of sales: $35,599 thousand, a 20% increase year-over-year .
    -   Other cost of sales: $44,398 thousand, a 118% increase year-over-year .
-   **Adjusted Gross Profit**: Adjusted gross profit was $29,633 thousand, a 17% increase year-over-year .
-   **Adjusted Gross Margin**: Adjusted gross margin was 27.1%, a decrease of 660 basis points year-over-year .
-   **Adjusted EBITDA**: Adjusted EBITDA was -$7,475 thousand, a 26% increase in loss year-over-year .

#### Cash Flow

-   **Cash Flows Used in Operating Activities**: Cash flows used in operating activities were -$35,368 thousand in Q1 2026, a 245% increase compared to -$10,246 thousand in Q1 2025 .
-   **Capital Expenditures, Net of Capital Offsets**: Capital expenditures, net of capital offsets, amounted to $25,164 thousand in Q1 2026, a 209% increase from $8,146 thousand in Q1 2025 .

#### Unique Metrics

-   **Network Throughput**: Network throughput reached 91 Gigawatt-hours (GWh) in Q1 2026, an increase of 10% year-over-year .
-   **Stalls in Operation**: The company ended the quarter with 5,280 stalls, representing a 25% increase year-over-year . This includes 3,990 EVgo public network stalls (up 14%), 120 EVgo AV network stalls (up 9%), and 1,170 EVgo eXtend™ stalls (up 89%) .
-   **Average Daily Network Throughput per Stall**: Average daily network throughput per stall was 257 kilowatt-hours per day in Q1 2026, compared to 266 kilowatt-hours per day in Q1 2025 .
-   **Customer Accounts**: Over 86,000 new customer accounts were added in Q1, totaling over 1.7 million accounts at quarter-end .
-   **NACS Connectors**: Over 100 stalls were in operation with NACS connectors as of April 30, 2026 .
-   **Financing Update**: The DOE Loan was amended to $750 million in April 2026, which includes $625 million in borrowings and up to $125 million in capitalized interest .

#### Outlook / Guidance

EVgo Inc. affirmed its full-year 2026 guidance, projecting total revenue between $410 million and $470 million, and Adjusted EBITDA between -$20 million and $20 million . For the second quarter of 2026, the company initiated guidance for total revenue of $75 million to $85 million and Adjusted EBITDA of -$12.5 million to -$7.5 million . EVgo anticipates that Q1 and Q4 2026 will be the strongest quarters for non-charging revenue .

### Related Stocks

- [EVGOW.US](https://longbridge.com/en/quote/EVGOW.US.md)

## Related News & Research

- [Donaldson Company dividend preview: 30-year growth streak set to continue](https://longbridge.com/en/news/286805354.md)
- [Crombie Reit Announces May 2026 Monthly Distribution | CROMF Stock News](https://longbridge.com/en/news/286603129.md)
- [FS KKR Capital to post investor presentations on website after market close](https://longbridge.com/en/news/286815114.md)
- [Bally’s Corporation Reports First Quarter 2026 Results | BALY Stock News](https://longbridge.com/en/news/286814213.md)
- [Auburn National Bancorporation declares $0.27 quarterly dividend payable June 25](https://longbridge.com/en/news/286281680.md)