--- title: "EVgo | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 109.53 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285193000.md" datetime: "2026-05-05T11:06:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285193000.md) - [en](https://longbridge.com/en/news/285193000.md) - [zh-HK](https://longbridge.com/zh-HK/news/285193000.md) --- # EVgo | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 109.53 B Revenue: As of FY2026 Q1, the actual value is USD 109.53 B, beating the estimate of USD 88.06 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 B. #### Revenue Total revenue for EVgo, Inc. was $109,531 thousand in the first quarter of 2026, representing a 45% increase year-over-year compared to $75,287 thousand in Q1 2025.Charging network revenue increased by 18% year-over-year to $55,717 thousand, marking the 17th consecutive quarter of double-digit year-over-year growth in this segment.Non-charging network revenue grew 91% year-over-year to $53,814 thousand, which included $33,187 thousand from eXtend (up 41%) and $20,627 thousand from AV and ancillary services (up 339%). #### Profitability Gross profit for Q1 2026 was $12,957 thousand, a 39% increase from $9,323 thousand in Q1 2025.The gross margin was 11.8% in Q1 2026, a decrease of 60 basis points from 12.4% in Q1 2025.Operating loss was -$36,346 thousand in Q1 2026, compared to -$33,400 thousand in Q1 2025, indicating a 9% increase in loss.Net loss for Q1 2026 was -$36,980 thousand, a 41% increase in loss compared to -$26,227 thousand in Q1 2025. #### Operating Costs General and administrative expenses were $46,005 thousand in Q1 2026, up 19% from $38,628 thousand in Q1 2025. #### Cash Flow Cash flows used in operating activities amounted to -$35,368 thousand in Q1 2026, which is a 245% increase in cash used compared to -$10,246 thousand in Q1 2025.GAAP capital expenditures increased by 104% to $30,575 thousand in Q1 2026 from $14,992 thousand in Q1 2025.Capital Expenditures, Net of Capital Offsets, were $25,164 thousand in Q1 2026, marking a 209% increase from $8,146 thousand in Q1 2025. #### Operational Metrics Network throughput reached 91 gigawatt-hours (GWh) in Q1 2026, an increase of 10% year-over-year from 83 GWh in Q1 2025.EVgo, Inc. ended Q1 2026 with 5,280 stalls in operation, a 25% increase year-over-year, including 3,990 on the EVgo public network (up 14%), 120 on the EVgo AV network (up 9%), and 1,170 for EVgo eXtend™ (up 89%).Average daily throughput per stall for the EVgo public network was 257 kilowatt hours per day in Q1 2026, a decrease from 266 kilowatt hours per day in Q1 2025.The company added over 86,000 new customer accounts in Q1 2026, bringing the total to over 1.7 million customer accounts.NACS connectors were in operation at over 100 stalls as of April 30, 2026.EVgo, Inc. amended its DOE Loan to $750 million in April 2026, comprising $625 million in borrowings and up to $125 million in capitalized interest. #### Outlook / Guidance For the full year 2026, EVgo, Inc. is affirming guidance for 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 expects total revenue of $75 million to $85 million and Adjusted EBITDA of -$12.5 million to -$7.5 million.EVgo, Inc. anticipates that Q1 and Q4 2026 will be the strongest quarters of the year for non-charging revenue. ### Related Stocks - [EVGO.US](https://longbridge.com/en/quote/EVGO.US.md) ## Related News & Research - [Boeing, EVgo, Standex, Donaldson, and Flowserve Shares Are Falling, What You Need To Know](https://longbridge.com/en/news/286597619.md) - [EVgo Q1 revenue rises 45%, beats estimates](https://longbridge.com/en/news/285195347.md) - [Auburn National Bancorporation declares $0.27 quarterly dividend payable June 25](https://longbridge.com/en/news/286281680.md) - [Apollo Clarifies Legal Status of Recent 8-K Disclosure](https://longbridge.com/en/news/286564452.md) - [Capital City Bank Group posts Q1 2026 investor presentation on website](https://longbridge.com/en/news/286599786.md)