EVgo (EVGO) Investor presentation summary

Strategic growth and market positioning

• Operational stalls grew at a 32% CAGR through 2025, reaching 5,380 by mid-2026, with projections of 6,230–6,500 by year-end 2026.

• Revenue increased at a 100% CAGR through 2025, with 2025 revenue at $400–$430 million and 2026 forecasted at $358 million.

• Network is over 14x larger than the rest of the industry average, with 5,300+ stalls and industry-leading utilization and reliability.

• Partnerships with major brands (GM, Uber, Lyft, Brixmor) and expansion into 90+ shopping centers with 500+ new fast chargers.

• Accelerated NACS deployment and collaboration with Tesla to expand charger compatibility and customer reach.

Financial performance and outlook

• Charging network revenue reached $218 million in 2025, with gross margin improving to 39.3%.

• Adjusted EBITDA turned positive in 2025 at $12 million, with illustrative 2030 targets of $400–$600 million and margins of 31–36%.

• Cash, cash equivalents, and restricted cash totaled $198 million as of June 30, 2026, with total available liquidity of $835 million.

• Net loss attributable to Class A stockholders was $37.2 million for the first half of 2026, with ongoing improvements in adjusted gross profit and operating leverage.

• Equity value as of August 2026 was $505 million, with enterprise value at $604 million.

Industry trends and growth drivers

• EV vehicle-in-operation (VIO) projected to grow at a 17% CAGR from 2026–2030, outpacing other high-growth sectors.

• NACS standardization and rideshare electrification are doubling the addressable market and accelerating demand for public fast charging.

• State incentives and used EV sales are supporting broader adoption and increased reliance on public charging infrastructure.

• Superior business model leverages operating scale, customer engagement, and access to non-dilutive capital.

• Long-term targets include 15,000–17,000 public stalls and $1.3–$1.7 billion in charging network revenue by 2030.