Demand and volumemixed · 4 filings
“Seasonality We believe that EV charging is subject to seasonality related to driving, travel and economic activity that impacts demand for charging.”10-Q · May 5, 2026 ↗
EVgo, Inc.
EVGO
Market read
EVgo, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Company-2.6% todayVolume comparison unavailable
Market group0 of 10 activeNetwork Infrastructure Software · unavailable
Disclosed network0 of 6 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- EVGO's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if EVGO's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 10 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 6 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- EVGO's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods6
Price observations319
Usable filing statements164
Verified relationships6
Evidence supporting the case
- Latest annual revenue changed +49.6% year over year.
- Operating margin changed +22.4 percentage points in the latest annual period.
- Net margin changed +6.4 percentage points in the latest annual period.
- Energy and commodity prices has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Diluted shares increased 25.1% in the latest annual period.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 10, 2026
1.326m-51.8%12m-67.2%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$22.2M+70.2%$-0.09—
2022-12-31$54.6M+145.7%$-0.40+0.8%
2023-12-31$161.0M+194.9%$-0.46+32.2%
2024-12-31$256.8M+59.6%$-0.41+17.8%
2025-12-31$384.1M+49.6%$-0.31+25.1%
What management says matters
Persistent and emerging business drivers
Energy and commodity pricespositive · 4 filings
“The increase in charging network cost was primarily due to a $3.5 million increase in non-energy costs resulting primarily from increased maintenance activities and rent and related expenses due to the growth of our network and a $2.5 million increase in ener…”10-Q · May 5, 2026 ↗
Legal and regulatory exposurepositive · 4 filings
“Finally, as a result of owning and operating the EV charging stations, we earn regulatory credits such as LCFS credits, which are sold to generate additional revenue.”10-Q · May 5, 2026 ↗
Credit and interest ratesnegative · 3 filings
“The increase was primarily driven by a $5.7 million increase in net loss attributable to redeemable noncontrolling interest, a $2.9 million increase in operating loss and a $2.5 million increase in interest expense, partially offset by a $5.1 million increase…”10-Q · May 5, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
1.32-2.6% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for EVGO. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for EVGO. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind EVGO
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
GMGeneral Motors CompanycustomerMar 9, 2026 ▾
“For example, General Motors announced in January 2026 that it would take a $6 billion charge as part of its EV investments reduction.”
LYFTLyft, Inc.partnerMar 9, 2026 ▾
“EVgo Inside is used by some of our largest partners including GM, Honda, Lyft, Presto, and Toyota.”
Depended on by
FFAIFaraday Future Intelligent Electric Inc.competitorMar 31, 2026 ▾
“In November 2025, the Company disclosed that its future FF and FX battery electric vehicles, beginning with new models from 2026, will adopt the North American Charging System (“NACS”) port, providing future users with direct access to more than 28,000 Tesla…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 3 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
EVGO is currently a Early Follower in the organic co-movement group Network Infrastructure Software. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for EVGO; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.