EVgo Inc. (EVGO)

From the record

EVgo Inc.'s filings since 2020 show 6 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2023-08-10); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-04-29); an auditor change (8-K item 4.01, the latest 2021-07-08); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-18) (its current reports).

From the record

EVgo Inc.'s 4 filed years say what it did: revenue went from $55 million in fiscal 2022 to $384 million in fiscal 2025, up 91.6% a year; it rose in 3 of 3 years; it never fell from a peak; net income was positive in 0 of 4 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, EVgo Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 8 cents per dollar of everything the company owns. Leverage: it owed about 112 cents per dollar of assets, and net share issuance: its share count grew 25.1% over the year (the filed statements).

From the record

EVgo Inc.'s standing among 14 graded names in its industry family: revenue of $384 million in fiscal 2025 ranks in the bottom 32% by size; a net margin of -24.8% ranks in the bottom 18%; revenue growth of 91.6% a year over the last 3 filed years ranks in the top 4% (its annual reports).

From the record

EVgo Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Khan, Badar (Chief Executive Officer, as filed), filing under that title since 2023-11-15, 3 years (top 25% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 3.5 years (bottom 19%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (bottom 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

EVgo Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $211 million against debt of $204 million leaves 0.7% of its assets as net cash, top 46% of its family; cash from operations less capital spending is -32.4% of revenue (bottom 18%); a gross margin of 21% (bottom 39%); research spending of 3.2% of revenue (top 50%) (its annual report).

From the record

EVgo Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 91.6% a year over the last three filed years against 91.6% over all 4, speeding up (top 15% of its family); the newest year grew 49.6% (top 12%); research spending grew 36.5% a year (top 30%); capital spending grew -16.5% a year (bottom 41%) (its annual reports). EVgo Inc. reported 7 product lines in fiscal 2025: Charging Revenue Retail at $134 million (35%), Extend at $116 million (30%), Ancillary Revenue at $49 million (13%), and 4 more; 7 of 7 grew against the year before (its annual report).

From the record

EVgo Inc.'s newest year against its own record: revenue of $384 million in fiscal 2025 came in 31% below the $557 million its prior three years' pace pointed to (bottom 4% of its family); net income of $95 million against a prior three-year average of $123 million (top 12%); a net margin of -24.8% against losses larger than its revenue before (top 12%) (its annual reports).