EVgo Q1 2026: Strong Revenue, Profitability Still Elusive

EVgos Q1 2026 results exceeded expectations, with revenue surging 45.5% to $109.5M, beating analyst estimates by 22.9%. Despite hitting the midpoint of their full-year revenue guide, EBITDA guidance fell short at $0M, with adjusted EBITDA coming in at -$7.48M. The EV charging network operator has seen 95% annualized revenue growth over five years, but remains unprofitable with negative 66.6% operating margins. Gigawatt-hours sold increased 8% YoY, but free cash flow dropped to -$65.94M. The stock rose 2.5% to $2.20 following the report. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fe0ec65fb5a56ad2