EVgo (EVGO) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and EVgo published the results on November 9, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• EPS is per Class A share. The share of losses belonging to EVgo Holdings, the holder of EVgo's Class B common stock, is a redeemable noncontrolling interest, which absorbed $28.9 million of the $49.2 million Q3 2026 net loss.
• In its Q2 2026 release EVgo had guided 2026 total revenue of $400 to $430 million, 1,350 to 1,625 new stalls and Adjusted EBITDA of $(25) million to $(5) million.
• On November 2, 2026 EVgo's board received an unsolicited, non-binding proposal from LS Power to buy the Class A shares it does not own for $2.00 per share in cash. A special committee is reviewing it.

Source: EVgo Q3 2026 results, November 9, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How EVgo splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• EVgo's Total charging network revenue was $71.8 million in Q3 2026, up 29% from $55.8 million in Q3 2025, 79% of total revenue.
• EVgo's eXtend revenue was $16.2 million in Q3 2026, down 49% from $31.9 million in Q3 2025, 18% of total revenue.
• EVgo's AV and ancillary revenue was $3.4 million in Q3 2026, down 25% from $4.6 million in Q3 2025, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

EVgo also guides 2026 Adjusted EBITDA of $(30) million to $(15) million.

In its Q3 2026 release, EVgo said:

“EVgo is updating full year 2026 guidance as follows:”

“Total new stalls of 1,075-1,275”

“Total revenue of $375-$400 million”

Source: EVgo Q3 2026 release, Nov 9, 2026.

This is the company's own guidance as of Nov 9, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the EVGO forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenue and GAAP net loss per Class A share, basic and diluted, each as first reported in that quarter's release.

We do not hold a confirmed date for EVgo's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 9, 2026

EVgo runs a public network of DC fast chargers and reports revenue in three lines. In Q3 2026 total charging network revenue was $71.8 million, eXtend $16.2 million and AV and ancillary $3.4 million, for total revenue of $91.4 million, down 1% from $92.3 million. (EVgo Q3 2026 release, Nov 9, 2026)

Charging network revenue rose 29%, or $16.0 million. The 10-Q attributes $8.6 million of that to OEM network revenue, mainly higher breakage revenue, $4.4 million to retail charging, mainly higher pay-per-use revenue, and $3.9 million to regulatory credit sales on higher prices and sales of credits outside California. (EVgo Form 10-Q, Q3 2026, Nov 9, 2026)

eXtend, the business that builds and services charging stations for partners that own them, such as Pilot Travel Centers, fell 49% to $16.2 million from $31.9 million. EVgo said construction revenue fell $13.8 million on lower construction project activity and equipment sales fell $2.6 million. AV and ancillary revenue fell 25% to $3.4 million. (EVgo Form 10-Q, Q3 2026, Nov 9, 2026; EVgo Q3 2026 release, Nov 9, 2026)

Network throughput was 103 GWh, up 8% from 95 GWh. EVgo ended the quarter with 5,530 stalls in operation, up 20%: 4,020 on its public network, 120 on its AV network and 1,390 at eXtend sites. Average daily throughput per public stall fell to 283 kilowatt hours from 295, but excluding OEM charging programs it rose 7%. (EVgo Q3 2026 release, Nov 9, 2026)

EVgo's net loss per Class A share widened to $(0.14) in Q3 2026 from $(0.09). The total net loss was $49.2 million, against $28.4 million, of which $20.3 million was attributable to Class A stockholders and $28.9 million to the redeemable noncontrolling interest of EVgo Holdings, which holds all 172,800,000 Class B shares against 142,131,320 Class A shares outstanding on October 29, 2026. (EVgo Q3 2026 release, Nov 9, 2026; EVgo Form 10-Q, Q3 2026, Nov 9, 2026)

General and administrative expenses rose 39% to $60.2 million, which the 10-Q attributes primarily to a $13.1 million increase in impairment expense from an equipment write-off and charges for abandoned projects. Interest expense rose to $4.3 million from $1.9 million, and depreciation in cost of sales rose 34% to $18.7 million as the network grew. (EVgo Form 10-Q, Q3 2026, Nov 9, 2026; EVgo Q3 2026 release, Nov 9, 2026)

EVgo reports no adjusted EPS. Adjusted EBITDA was a loss of $3.5 million, against a loss of $5.0 million, and Adjusted Gross Margin was 35.4%, against 28.9%. GAAP gross margin was 14.9%, against 13.6%. (EVgo Q3 2026 release, Nov 9, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

EVgo gives full-year guidance for new stalls, total revenue and Adjusted EBITDA, and updated all three with Q3 2026 results: 1,075 to 1,275 new stalls, total revenue of $375 million to $400 million and Adjusted EBITDA of $(30) million to $(15) million. (EVgo Q3 2026 release, Nov 9, 2026)

Through the first nine months of 2026 EVgo reported total revenue of $283.6 million and an Adjusted EBITDA loss of $21.6 million. (EVgo Q3 2026 release, Nov 9, 2026)

A consensus figure is the average of the models published by the analysts who cover EVgo, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones EVgo's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning EVGO is on is EVGO a buy or a sell?, what analysts expect next is on the EVGO forecast, and what the company does is on the EVgo (EVGO) stock page.

Every number on this page can be traced to a document EVgo published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.