Tue, May 6, 8:50 PM (11 days ago)
**EVgo Inc. (EVGO) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $75.3 million, up 36% YoY, driven by increased retail, commercial, OEM, and eXtend charging revenues. - **Gross Profit:** $9.3 million, a 36% increase, with a consistent gross margin of 12.4%. - **Operating Loss:** $33.4 million, a slight improvement from $32.4 million YoY. - **Net Loss:** $26.2 million, a 7% improvement YoY, with a net loss attributable to Class A common stockholders of $11.4 million. - **Cash Flow:** Positive net cash inflow of $50.1 million, with $170.6 million in cash, cash equivalents, and restricted cash as of Q1 2025. **Key Metrics:** - **Network Throughput:** 83 GWh, up from 52 GWh YoY. - **DC Stalls:** 3.5 thousand, up from 3.0 thousand YoY. **Trends & Uncertainties:** - **Growth Drivers:** Increased EV adoption, strategic partnerships, and government incentives. - **Challenges:** Competition, regulatory changes, supply chain disruptions, and economic uncertainties. - **Future Operations:** Continued investment in infrastructure, expansion of charging network, and exploration of new revenue streams. **Notable Changes:** - **Revenue Streams:** Reclassified dedicated charging solutions to fleets from commercial to ancillary revenue. - **DOE Loan:** Received $18.9 million in April 2025, with $979.1 million remaining available. - **Tax Receivable Agreement:** Potential significant payments to TRA Holders, impacting liquidity. **Outlook:** - **Liquidity:** Sufficient cash on hand to meet working capital and capital expenditure requirements for at least 12 months. - **Growth Strategy:** Focus on expanding charging infrastructure, enhancing customer experience, and exploring new business opportunities. **Risks:** - **Market Risks:** Dependence on EV adoption, competition, and regulatory environment. - **Operational Risks:** Supply chain disruptions, technological changes, and economic uncertainties. - **Financial Risks:** Dependence on government incentives, potential changes in tax receivable agreement, and long-term debt obligations.