10-Q quarterly report · filed May 5, 2026

EVgo Inc. (EVGO) Q1 2026 10-Q Quarterly Report

Short answer

EVgo Inc. (EVGO) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $110M (up 45.5% year over year) with net income of −$16M.

Q1 2026 key financials · XBRL

Revenue
$110M
+45.5% YoY
Net income
−$16M
−44.5% YoY
Operating margin
-33.2%
Gross margin
11.8%
EPS (diluted)
−$0.12
−33.3% YoY

Source: XBRL data from the EVgo Inc. (EVGO) Q1 2026 10-Q on SEC EDGAR. USD.

EVgo Inc. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $109.5M, up 45% YoY from $75.3M
  • Gross margin 11.8% vs 12.4% YoY
  • Operating margin (33.2%) vs (44.4%) YoY
  • AV and ancillary revenue $20.6M, up 339% YoY, strongest growth
  • Network throughput 91 GWh vs 83 GWh; DC stalls 4.0K vs 3.5K

Risk Factors

  • New financing risk: DOE Loan maximum reduced to $750 million from approximately $1.248 billion
  • Most material update: Maximum advances reduced to $625 million from $1.05 billion under April 29, 2026 amendment
  • Regulatory risk: Additional borrowings subject to regulatory and contractual requirements and 65% project leverage cap
  • Liquidity risk: $3.6 million reserve released after elimination of $35 million account funding requirement
  • Interest-rate risk: DOE Loan interest based on U.S. Treasury rates plus approximately 1.2% margin

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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