EVgo posts Q2 2026 charging revenue up 19% to $61.4M, total revenue $82.6M

EVgo reported second-quarter 2026 results with total revenue of $82.6 million and charging network revenue of $61.4 million, up 19% year‑over‑year. The company recorded a GAAP net loss of $46.3 million for the quarter and adjusted EBITDA of $(10.6) million. EVgo updated full‑year 2026 guidance, projecting total revenue of $400–$430 million and adjusted EBITDA of $(25) million to $(5) million.

Financial Highlights

• Total revenue: $82.648 million for Q2 2026 (down 16% year‑over‑year from $98.030 million).
• Charging network revenue: $61.421 million for Q2 2026, up 19% year‑over‑year.
• Gross profit: $7.342 million for Q2 2026; GAAP gross margin 8.9% (vs. 14.2% in Q2 2025).
• Net loss (GAAP): $(46.342) million for Q2 2026.
• Adjusted EBITDA (non‑GAAP): $(10.573) million for Q2 2026.

Business Highlights

• Network throughput reached 99 GWh in Q2 2026, a 13% increase year‑over‑year.
• Stalls in operation totaled 5,380 at quarter end, up 24% year‑over‑year; EVgo added 280 new DC fast charging stalls in the quarter and removed 175 legacy stalls under its Renew program.
• Signed agreement with Tesla to deploy EVgo‑owned and branded V4 Superchargers starting in 2026; Superchargers to appear in Tesla in‑car navigation and Trip Planner.
• Customer accounts grew by over 99,000 in Q2, bringing total customer accounts to more than 1.8 million at quarter end.
• Progress on interoperability and product development: 240 NACS connectors in operation as of July 31, 2026, and final design for next‑generation charging architecture completed with testing underway.

Original SEC Filing: EVgo Inc. [ EVGO ] - 8-K - Aug. 05, 2026