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EVgo vs SunCar Technology: revenue, profit, margins and growth compared

EVgo brought in $384.1M of revenue in fiscal 2025, SunCar Technology $441.9M in fiscal 2024. Revenue changed by +49.6% at EVgo and +21.5% at SunCar Technology on the year before, so EVgo grew faster. EVgo kept -10.8% of its revenue as net profit, SunCar Technology -15.5%. Free cash flow was -$124.4M at EVgo and $11.3M at SunCar Technology.

Side by side, latest fiscal year

EVGOSDA
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$384.1M$441.9M
Revenue growth+49.6%+21.5%
Net income-$41.6M-$68.7M
Net margin-10.8%-15.5%
Free cash flow-$124.4M$11.3M
Free cash flow margin-32.4%2.5%
Earnings per share (diluted)-$0.31-$0.72
Cash$151M$26.9M
Debt$206.5Mn/a
Price to earningsn/an/a
Market value$434M$55.4M
Dividend yieldn/an/a
Rank by revenue in sector#593 of 778 · Consumer discretionary#578 of 778 · Consumer discretionary

Over the years

Revenue
EVGO FY2020: $13MEVGO FY2021: $22.2MEVGO FY2022: $54.6MEVGO FY2023: $161MEVGO FY2024: $256.8MEVGO FY2025: $384.1MSDA FY2021: $249.2MSDA FY2023: $282.4MSDA FY2023: $363.7MSDA FY2024: $441.9MFY20FY21FY22FY23FY24FY25
EVGO $384.1MSDA $441.9M
Net income
EVGO FY2020: -$47.8MEVGO FY2021: -$5.9MEVGO FY2022: -$27.6MEVGO FY2023: -$42.4MEVGO FY2024: -$44.3MEVGO FY2025: -$41.6MSDA FY2021: -$23.7MSDA FY2023: -$6.7MSDA FY2023: -$26.9MSDA FY2024: -$68.7MFY20FY21FY22FY23FY24FY25
EVGO -$41.6MSDA -$68.7M
Net margin
EVGO FY2020: -366.2%EVGO FY2021: -26.6%EVGO FY2022: -50.5%EVGO FY2023: -26.4%EVGO FY2024: -17.3%EVGO FY2025: -10.8%SDA FY2021: -9.5%SDA FY2023: -2.4%SDA FY2023: -7.4%SDA FY2024: -15.5%FY20FY21FY22FY23FY24FY25
EVGO -10.8%SDA -15.5%
Revenue growth
EVGO FY2021: +70.2%EVGO FY2022: +145.7%EVGO FY2023: +194.9%EVGO FY2024: +59.6%EVGO FY2025: +49.6%SDA FY2023: +13.3%SDA FY2023: +28.8%SDA FY2024: +21.5%FY21FY22FY23FY24FY25
EVGO +49.6%SDA +21.5%
Free cash flow
EVGO FY2020: -$39.4MEVGO FY2021: -$94.6MEVGO FY2022: -$259MEVGO FY2023: -$196MEVGO FY2024: -$102MEVGO FY2025: -$124.4MSDA FY2021: -$26.9MSDA FY2023: -$20.5MSDA FY2023: -$32.6MSDA FY2024: $11.3MFY20FY21FY22FY23FY24FY25
EVGO -$124.4MSDA $11.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about EVgo and SunCar Technology

Which is bigger by revenue, EVgo or SunCar Technology?

SunCar Technology is bigger by revenue: $441.9M in fiscal 2024, against $384.1M for EVgo in fiscal 2025.

Which keeps more of its revenue as profit, EVgo or SunCar Technology?

EVgo had a net margin of -10.8% in fiscal 2025; SunCar Technology had -15.5% in fiscal 2024.

Which grew revenue faster, EVgo or SunCar Technology?

In their latest fiscal years revenue changed by +49.6% at EVgo and +21.5% at SunCar Technology.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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