EVGO Consumer Cyclical

EVgo, Inc.

$1.83-1.08%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Consumer Cyclical
Industry: Specialty Retail
Country: United States
Market cap: 575.6M USD
Enterprise value: 512.0M USD
Full-time employees: 376

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.87 vs a peer median of 0.63)higher risk: bigger price swings (beta 2.87 vs peers 0.63)

Ranks #1,349 of 1,502 consumer cyclical companies (bottom 11%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
EVgo's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Operating loss narrowing. Operating margin -29% in 2025, the smallest loss relative to revenue of the last 6 years.
EVgo still lost money on operations in 2025 (margin -29%), but that was its smallest operating loss relative to revenue in the 6 years of filings we have.
Growing fast, still losing money. Revenue grew faster than 94% of peers, at an operating loss.
Revenue grew faster than 94% of peers, but the business runs at an operating loss (margin -31%).
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $13M in 2020 to $384M in 2025.
EVgo's fiscal-year revenue rose in each of the five years to 2025, from $13M to $384M.

StockQuotient Score

25/ 100

Oct 5 25 → Nov 4 25

Valuation

Is the price right?

6/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-9.5%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.34Sector median: 0.0439 · MAD: 0.0329

EBITDA yield-6.7%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.90Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield-33.6%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.13Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield-3.6%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

91/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

12-month revenue fell 3.7%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.22Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth52.5%

SEC filings · 3 years to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.38Sector median: 0.0425 · MAD: 0.0636

Revenue growth30.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 4.13Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Operating margin fell 3.4 points to -30.5%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-30.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.25Sector median: 0.0638 · MAD: 0.0461

Return on assets-5.6%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.27Sector median: 0.0331 · MAD: 0.0254

Return on invested capital-62.7%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.50Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin19.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity-34.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: Changed: worth a look

Debt up 41%

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta2.87

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.80Sector median: 0.6345 · MAD: 0.2980

Current ratio2.19×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.27Sector median: 1.4800 · MAD: 0.5570

Debt / equityUnavailable

Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -9.02Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about EVgo

Is EVgo getting weaker?: Its latest SEC filing (Aug 6, 2026) got weaker in some ways: operating margin fell 3.4 points to -30.5%; 12-month revenue fell 3.7%. Its overall score is unchanged at 25/100 since Oct 28, 2026.
How is EVgo valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 1,612 consumer cyclical peers. Earnings yield -9.5% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -9.5% vs peers 4.4% (weaker than 100% of peers).
Is EVgo growing?: Yes, faster than most of its peers. Growth scores 91/100 against 1,612 consumer cyclical peers. 3-year revenue growth 52.5% vs a peer median of 4.3% (stronger than 95% of peers).3-year revenue growth 52.5% vs peers 4.3% (stronger than 95% of peers).
How profitable is EVgo?: Less profitable than most of its peers. Profitability scores 0/100 against 1,612 consumer cyclical peers. Operating margin -30.5% vs a peer median of 6.4% (weaker than 100% of peers).Operating margin -30.5% vs peers 6.4% (weaker than 100% of peers).
How risky is EVgo?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.19× vs a peer median of 1.48× (stronger than 74% of peers).Current ratio 2.19× vs peers 1.48× (stronger than 74% of peers). Beta 2.87 vs a peer median of 0.63 (weaker than 100% of peers).Beta 2.87 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Operating margin fell 3.4 points to -30.5%
12-month revenue fell 3.7%
Debt up 41%

Worth watching: EVgo is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	418.3M USD	402.9M USD	−3.7%
Net income (12 months)	−46.6M USD	−54.4M USD	+16.7%
Operating margin	-27.2%	-30.5%	−3.4 pts
Free cash flow (12 months)	−165.1M USD	−193.3M USD	+17.1%
Debt	211.5M USD	297.3M USD	+40.5%
Cash	122.4M USD	121.8M USD	−0.5%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Specialty Retail · 18 companies

Valuations in Specialty Retail are near the bottom of their range since 2021.

6% of months since 2021 were valued lower than now.
20% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is −69% vs the whole market, against a usual −59%.

2021Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	-30.7%	-10.4%	6.0%	11.4%	21.0%	▲ 9.6 pts
Operating margin	-404.4%	-273.9%	-95.3%	-51.2%	-28.8%	▲ 22 pts
Net margin	-26.6%	-50.5%	-26.4%	-17.3%	-10.8%	▲ 6.4 pts
Return on assets (ROA)	-0.8%	-3.8%	-5.3%	-5.5%	-4.3%	▲ 1.2 pts
Return on equity (ROE)	—	—	—	—	—	—
Free cash flow margin	-425.9%	-474.5%	-121.7%	-39.7%	-32.4%	▲ 7.3 pts
Current ratio	10.80×	3.15×	2.99×	1.84×	2.19×	▲ 19%
Interest coverage	—	-7119.19×	—	-1802.33×	-18.01×	▲ 99%

EVGO price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.87 vs a peer median of 0.63)higher risk: bigger price swings (beta 2.87 vs peers 0.63)

Ranks #1,349 of 1,502 consumer cyclical companies (bottom 11%)

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.

EVgo's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.

Operating loss narrowing. Operating margin -29% in 2025, the smallest loss relative to revenue of the last 6 years.

EVgo still lost money on operations in 2025 (margin -29%), but that was its smallest operating loss relative to revenue in the 6 years of filings we have.

Growing fast, still losing money. Revenue grew faster than 94% of peers, at an operating loss.

Revenue grew faster than 94% of peers, but the business runs at an operating loss (margin -31%).

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $13M in 2020 to $384M in 2025.

EVgo's fiscal-year revenue rose in each of the five years to 2025, from $13M to $384M.

Questions investors ask about EVgo

Is EVgo getting weaker?

Its latest SEC filing (Aug 6, 2026) got weaker in some ways: operating margin fell 3.4 points to -30.5%; 12-month revenue fell 3.7%. Its overall score is unchanged at 25/100 since Oct 28, 2026.

How is EVgo valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 1,612 consumer cyclical peers. Earnings yield -9.5% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -9.5% vs peers 4.4% (weaker than 100% of peers).

Is EVgo growing?

Yes, faster than most of its peers. Growth scores 91/100 against 1,612 consumer cyclical peers. 3-year revenue growth 52.5% vs a peer median of 4.3% (stronger than 95% of peers).3-year revenue growth 52.5% vs peers 4.3% (stronger than 95% of peers).

How profitable is EVgo?

Less profitable than most of its peers. Profitability scores 0/100 against 1,612 consumer cyclical peers. Operating margin -30.5% vs a peer median of 6.4% (weaker than 100% of peers).Operating margin -30.5% vs peers 6.4% (weaker than 100% of peers).

How risky is EVgo?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.19× vs a peer median of 1.48× (stronger than 74% of peers).Current ratio 2.19× vs peers 1.48× (stronger than 74% of peers). Beta 2.87 vs a peer median of 0.63 (weaker than 100% of peers).Beta 2.87 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

418.3M USD

402.9M USD

−3.7%

Net income (12 months)

−46.6M USD

−54.4M USD

+16.7%

Operating margin

-27.2%

-30.5%

−3.4 pts

Free cash flow (12 months)

−165.1M USD

−193.3M USD

+17.1%

Debt

211.5M USD

297.3M USD

+40.5%

Cash

122.4M USD

121.8M USD

−0.5%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

-30.7%

-10.4%

6.0%

11.4%

21.0%

▲ 9.6 pts

Operating margin

-404.4%

-273.9%

-95.3%

-51.2%

-28.8%

▲ 22 pts

Net margin

-26.6%

-50.5%

-26.4%

-17.3%

-10.8%

▲ 6.4 pts

Return on assets (ROA)

-0.8%

-3.8%

-5.3%

-5.5%

-4.3%

▲ 1.2 pts

Return on equity (ROE)

—

Free cash flow margin

-425.9%

-474.5%

-121.7%

-39.7%

-32.4%

▲ 7.3 pts

Current ratio

10.80×

3.15×

2.99×

1.84×

2.19×

▲ 19%

Interest coverage

—

-7119.19×

—

-1802.33×

-18.01×

▲ 99%