Full-Time
Posted on 9/4/2025
Manages public fast EV charging network
$105k - $120k/yr
Los Angeles, CA, USA
Remote
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EVgo operates the largest public fast charging network in the United States, owning and running over 800 fast charging stations in 66 markets. It serves individual EV owners, businesses, retail locations, government fleets, ride-sharing, car-sharing, and autonomous vehicle fleets by providing public charging hubs as well as private charging solutions. Its charging stations deliver electricity to electric vehicles, with revenue coming from customers who pay for the electricity used, plus partnerships with commercial and retail partners that install chargers at their locations and often share in revenue. What sets EVgo apart is its scale and its model of owning and operating a broad network, enabling reliable access to fast charging across many locations through both public and partner sites. The company’s goal is to expand dependable charging infrastructure to support the growing adoption of electric vehicles and make charging convenient for a wide range of users.
Company Size
201-500
Company Stage
IPO
Headquarters
Houston, Texas
Founded
2010
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EVgo's fair value estimate has been reduced by 19% to $5.27, aligning with Wall Street analysts who have lowered price targets whilst maintaining positive ratings. Stifel, Cantor Fitzgerald, UBS, Benchmark and RBC Capital all keep constructive views on the company's long-term position in public fast charging. The company added over 500 DC fast charging stalls in Q4, reaching 5,100 total with 24% average utilisation. EVgo issued 2026 revenue guidance of $410 million to $470 million and reaffirmed 2025 guidance of $350 million to $365 million. However, RBC Capital notes EVgo's 2026 outlook is slightly below prior forecasts with lower stall deployment tempo. The company plans to deploy over 500 NACS connectors by year-end and is expanding its Kroger partnership to target at least 150 stalls annually through 2035.
EVgo achieved adjusted EBITDA breakeven in Q4 2025, meeting its annual target and validating its business model. The electric vehicle charging network operator reported 24% network utilisation, nearly five times higher than smaller competitors, driven by AI-powered site selection and retail partnerships. The company's energy dispensed grew 30% year-over-year, outpacing stall growth, with commercial throughput now representing 25% of network volume. Fast chargers of 350kW comprise over 60% of the network. For 2026, EVgo plans to deploy 1,400 to 1,650 total stalls, including over 400 NACS connectors to serve Tesla vehicles. Revenue is projected between $410 million and $470 million. The company targets 12,500 owned stalls and 25-30% adjusted EBITDA margins by 2029. Q4 results included a $26 million contract buyout from a former autonomous vehicle partner.
EVgo, an electric vehicle charging company, reported fourth-quarter revenue of $118.5 million, beating analyst estimates of $101.9 million by 16.3% and representing 75.5% year-on-year growth. The company also posted an adjusted EBITDA of $24.86 million, significantly exceeding expectations of $3.62 million. However, EVgo's full-year 2026 revenue guidance of $440 million came in 8% below analyst estimates. The company's EBITDA guidance for 2026 of $0 at the midpoint also fell short of analyst expectations of $32.93 million. EVgo's gigawatt-hours sold reached 99 in the quarter, up 15 year on year. CEO Badar Khan said the company established itself as one of the leading public charging network operators in the US in 2025.
EVgo, an electric vehicle charging company, is set to report Q4 results tomorrow before market hours. Last quarter, the company beat revenue expectations with $92.3 million, up 36.7% year on year, and reported 95 gigawatt-hours sold, up 21.8% year on year. For Q4, analysts expect revenue to grow 50.9% year on year, improving from last year's 35% increase. Analysts have generally reconfirmed their estimates over the past 30 days. Among EVgo's renewable energy peers, Bloom Energy reported 35.9% revenue growth whilst Sunrun posted 124% growth. The renewable energy segment has seen positive investor sentiment, with share prices up 4.7% on average over the past month. EVgo shares are down 6.5% during the same period, trading at $2.83 against an analyst price target of $6.54.
EVgo has announced plans to install at least 150 fast charging stalls annually at Kroger Family of Stores locations across the United States through 2035. The expansion builds on a partnership that began in 2022, with some Kroger sites receiving up to 16 high-power fast charging stalls. The company also plans to expand its NACS connector network to over 500 units by year-end, following a 2025 pilot programme that installed approximately 100 connectors across 22 metropolitan areas. Chief executive Badar Khan said the expansion will increase public fast charging access as more NACS vehicle models enter the American market. EVgo reported $92.3 million in total revenue in its latest quarter, a 37% year-on-year increase, with network throughput reaching 95 gigawatt-hours across 4,590 charging stalls.