Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data EVgo Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
13
22.2
54.6
161
257
384
Cost of revenue
22.6
29
60.2
151
227
303
Gross profit
-9.6
-6.83
-5.65
9.71
29.4
80.8
Research and development
1.2
2
4.8
5.7
11.6
12.2
General and administrative
34.1
71.1
127
143
141
177
Operating expenses
48.8
83
144
163
161
191
Operating income
-58.4
-89.8
-150
-153
-132
-111
Interest expense
0.02
0.07
6.15
Interest income
0.07
4.48
Other non-operating income
10.6
32.1
43.3
18
2.59
10.1
Pre-tax income
-57.8
-106
-135
-129
-101
Income tax
0.02
0.04
-2.28
-5.13
Net income to minority interests
-47.8
-51.9
-78.7
-93
-82.4
-53.9
Net income
-47.8
-5.91
-27.6
-42.4
-44.3
-41.6
EBITDA
-39.8
-65.9
-114
-101
-65.8
-36.6
EPS, basic
-0.09
-0.40
-0.46
-0.41
-0.31
EPS, diluted
-0.09
-0.40
-0.46
-0.41
-0.31
Shares, basic (weighted)
68.7
69.4
91.3
107
134
Shares, diluted (weighted)
68
68.5
90.6
107
133
Balance sheet
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
7.91
485
246
209
117
151
Receivables
2.16
2.56
11.1
34.9
45.8
38.6
Other current assets
2.04
1.39
5.25
14.1
21.3
37.9
Total current assets
20
506
275
267
205
296
Property, plant and equipment
71.3
133
308
389
415
461
Lease right-of-use assets
51.9
67.7
89.3
103
Goodwill
22.1
31.1
31.1
31.1
31.1
31.1
Intangible assets
68
72.2
60.6
49
38.8
32.4
Other non-current assets
0.84
3.12
2.31
2.21
24.3
30.9
Total assets
182
746
730
807
804
965
Accounts payable
3
2.95
9.13
10.1
13
7.58
Accrued liabilities
10.9
27.1
39.2
40.5
43
59.9
Deferred revenue
1.65
5.14
16
32.3
46.3
55.1
Short-term debt
0
2.15
Total current liabilities
63.6
46.9
87.3
89.3
111
135
Long-term debt
0
204
Lease liabilities
45.7
62
83
97
Other non-current liabilities
0.15
0.15
8.93
7.87
Total liabilities
92.7
158
213
266
360
579
Total debt
0
206
Paid-in capital
0.93
17.5
87.9
0
7.75
Retained earnings
-47.8
-1,358
-376
-249
-256
-125
Other comprehensive income
0
Shareholders' equity
89.5
-1,358
-358
-161
-256
-117
Total equity
89.5
-1,358
-358
-161
-256
-117
Total liabilities and equity
182
746
730
807
804
965
Shares outstanding
173
Cash flow statement
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-47.8
-57.8
-106
-135
-127
-95.4
Depreciation and amortization
18.7
23.9
35.9
52
65.8
74
Stock-based compensation
0.93
10.9
25
29.7
22
27.1
Deferred income tax
-2.39
-5.22
Change in receivables
0.05
-0.2
-8.52
-23.8
-11.9
1.16
Change in payables
0.52
-1.29
1.37
0.65
4.97
-5.74
Cash from operations
-20.1
-29.6
-58.8
-37.1
-7.26
-7.73
Capital expenditures
-19.3
-65
-200
-159
-94.8
-117
Acquisitions
-22.8
Purchases of investments
-37.3
Cash from investing
-19.3
-87.8
-200
-143
-94.5
-117
Debt issued
0
201
Stock issued
10.7
Cash from financing
47.1
595
19.8
143
13.1
215
Net change in cash
7.66
477
-239
-37.3
-88.6
90.2
Free cash flow
-39.4
-94.6
-259
-196
-102
-124
Interest paid
0
2.18
Income taxes paid
0.11
0.1
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.38 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
19.3%
Gross profit / revenue.
Operating margin
-30.5%
Operating income / revenue.
EBITDA margin
-11.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-31.8%
Pre-tax income / revenue.
Net margin
-13.5%
Net income / revenue.
FCF margin
-48.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-13.3%
Cash from operations / revenue.
Return on assets (ROA)
-5.6%
Net income / average total assets.
Return on invested capital (ROIC)
-62.7%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
5.5%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
34.7%
Capital expenditures / revenue.
D&A / revenue
19.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
49.6%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
91.6%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
96.7%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
175.1%
Gross profit vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
20.0%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
9.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
39.6%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
25.1%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
24.9%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.19x
Current assets / current liabilities.
Quick ratio
1.21x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.98x
(Cash + short-term investments) / current liabilities.
Debt / assets
30.7%
Total debt / total assets.
Liabilities / assets
68.0%
Total liabilities / total assets.
Net debt
$175.4M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$2.87
Revenue / diluted weighted shares.
FCF per share
-$1.38
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.38
Cash from operations / diluted weighted shares.
Book value per share
-$0.15
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
1.08x
Market cap / revenue.
EV/Sales
1.51x
Enterprise value / revenue.
FCF yield
-44.5%
Free cash flow / market cap.
Earnings yield
-12.5%
Net income / market cap (the inverse of P/E).
What was EVgo Inc.'s revenue in fiscal 2025?
EVgo Inc. reported revenue of $384.1M for fiscal 2025, 49.6% higher than the year before.
Was EVgo Inc. profitable in fiscal 2025?
No. It reported a net loss of $41.6M.
How much free cash flow did EVgo Inc. generate in fiscal 2025?
Cash from operations of $7.7M minus capital expenditures of $116.7M left free cash flow of -$124.4M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.