1.84
+0.55%
Close of 9 Nov 2026, in USD
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About EVgo
From its filings with the US Securities and Exchange Commission
EVgo is based in El Segundo, California and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker EVGO. The SEC classifies its business as automotive repair, services & parking. In the fiscal year to 31 December 2025, it reported revenue of $384.1m and a net loss of $41.6m. At that date it held total assets of $964.8m and shareholders' equity of −$116.9m.
We are one of the nation’s leading public EV fast charging providers. With more than 1,200 fast charging stations across 47 states, we strategically deploy localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators and autonomous vehicle companies.
The foundation of our business is building, owning and operating EV fast charging sites that deliver charging to EVs driven by individuals, commercial drivers and fleet operators. We prioritize the build out of high-power chargers, a key market segment that is expected to grow faster than the overall EV charging market. See “— Suppliers and Service Providers — Electricity.” To take advantage of the expected growth in the number of EVs on the road in the U.S., we continue to expand our nationwide network of charging stations, focusing on development of locations with favorable traffic, utilization and financial return characteristics. Our proprietary technology and analytical tools, along with our extensive commercial partnerships with OEMs, fleets and Site Host businesses, provide a strong competitive edge as we select, design and develop new charging stations. Furthermore, our robust underwriting standards require our portfolio to meet or exceed a pre-defined internal rate of return before project approval.
Quoted from its 10-K, filed 9 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Consumer Discretionary
- Industry
- Specialty Retail
- Listed since
- 30 Sept 2020
- Employees
- 376
- Website
- investors.evgo.com ↗
- Head office
- 1661 EAST FRANKLIN AVENUE, EL SEGUNDO, CA, 90245
- Incorporated in
- DE
- Classification
- Services-Automotive Repair, Services & Parking
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. David NanusChairman of the Board
- Mr. Dennis KishPresident$3.7m
- Mr. Badar KhanChief Executive Officer, Director, since 2022$5.1m
- Mr. Paul DobsonChief Financial Officer
- Ms. Francine SullivanChief Legal Officer and Executive Vice President, Corporate Development$2.2m
- Mr. Peter AndersonDirector
- Mr. Joseph EstevesDirector
- Mr. Darpan KapadiaDirector
- Mr. Paul SegalDirector
- Mr. Scott GriffithIndependent Director$183,100
- Ms. Katherine MotlaghIndependent Director$195,933
- Mr. Jonathan SeeligIndependent Director$269,822
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 18
- Environment
- 16
- Social
- 25
- Governance
- 13
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- EVgo Inc has several strengths that give it a competitive advantage in the market. Firstly, the company has a robust infrastructure of charging stations for electric vehicles (EVs) across the country. This extensive network allows EVgo to provide convenient and accessible charging solutions for EV owners.
- Secondly, EVgo has built strong partnerships with major automakers and rideshare companies. These collaborations enable EVgo to enhance its brand visibility and increase the usage of its charging stations.
- Additionally, EVgo has a user-friendly mobile app that offers seamless user experiences, including real-time charging station availability, billing information, and customer support. This technological advantage further differentiates EVgo from its competitors.
Weaknesses
- Despite its strengths, EVgo Inc also faces certain weaknesses that it needs to address. One main weakness is the limited geographical coverage of its charging stations. While EVgo has a strong presence in certain regions, there are still many areas that lack sufficient charging infrastructure, which may deter potential EV owners.
- Moreover, EVgo's charging stations currently have a lower power capacity compared to some competitors. This may result in slower charging times and inconvenience for EV users, particularly in high-demand areas.
Opportunities
- The market for EV charging infrastructure is rapidly growing, presenting significant opportunities for EVgo Inc. The increasing adoption of EVs and government initiatives to promote electric transportation create a favorable market environment. EVgo can leverage these trends to expand its charging network and capture a larger market share.
- Furthermore, EVgo can explore strategic partnerships with real estate developers, shopping centers, and parking facilities to install charging stations at their locations. This collaboration would not only increase accessibility for EV users but also allow EVgo to reach a wider customer base.
Threats
- Although EVgo has a strong market position, it still faces threats that could impact its growth. One significant threat is the increasing competition in the EV charging industry, with both established players and new entrants vying for market share. EVgo must continuously innovate and differentiate itself to stay ahead in the competitive landscape.
- Additionally, changes in government regulations and policies, such as tax incentives and energy pricing, could impact the demand for EVs and the usage of charging stations. EVgo needs to closely monitor and adapt to any regulatory changes that may affect its business operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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