📊 EVGOW Key Takeaways
Is EVGOW a Good Investment? Thesis Analysis
EVgo is a cash-burning growth company with severe negative equity (-$116.9M) and deteriorating cash flows, indicating the business model is not sustainable at current scale. While revenue grew 49.6% YoY, this is overwhelmed by massive operating losses (-$110.7M) and negative free cash flow (-$124.4M), with no clear path to profitability despite substantial capital investment.
Why Buy EVGOW? Key Strengths
- Strong top-line growth at 49.6% YoY, indicating market demand for EV charging infrastructure
- Adequate liquidity with 2.19x current ratio and $151.0M cash on hand providing near-term runway
- Gross margin of 21% suggests potential for operational leverage if the company reaches scale profitability
EVGOW Investment Risks to Consider
- Negative stockholders' equity of -$116.9M indicates company is technically insolvent on book value basis
- Operating cash flow is negative (-$7.7M) while CapEx is massive ($116.7M), creating unsustainable cash burn of -$124.4M FCF
- Operating margin of -28.8% and negative operating income of -$110.7M demonstrate losses are structural, not temporary, and margin improvement is not evident
- Net losses persist (-$41.6M) with no demonstrated ability to control costs despite revenue growth, suggesting business model challenges
- Long-term debt of $206.5M against negative equity creates significant financial distress risk and refinancing challenges
Key Metrics to Watch
- Path to operating profitability and timeline for achieving positive operating income
- Free cash flow trajectory and when FCF turns positive relative to cash runway
- Operating margin improvement and whether scale revenue reduces per-unit costs
- Debt refinancing capability and covenant compliance given negative equity position
EVGOW Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 2.19x current ratio provides a solid financial cushion.
EVGOW Profitability Ratios
EVGOW vs Default Sector
How EVgo Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is EVGOW Overvalued or Undervalued?
Based on fundamental analysis, EVgo Inc. has mixed fundamental signals relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
EVGOW Balance Sheet & Liquidity
EVGOW 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: EVgo Inc.'s revenue has grown significantly by 139% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.41 indicates the company is currently unprofitable.
EVGOW Growth Metrics (YoY)
EVGOW Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $67.5M | -$9.8M | $-0.09 |
| Q2 2025 | $66.6M | -$9.8M | $-0.10 |
| Q1 2025 | $55.2M | -$9.8M | $-0.09 |
| Q3 2024 | $35.1M | -$7.0M | $-0.09 |
| Q2 2024 | $50.6M | -$7.0M | $-0.08 |
| Q1 2024 | $25.3M | -$9.8M | $-0.09 |
| Q3 2023 | $10.5M | $4.5M | $-0.09 |
| Q2 2023 | $9.1M | $4.5M | $0.06 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
EVGOW Capital Allocation
EVGOW SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for EVgo Inc. (CIK: 0001821159)
📋 Recent SEC Filings
❓ Frequently Asked Questions about EVGOW
What is the AI rating for EVGOW?
EVgo Inc. (EVGOW) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are EVGOW's key strengths?
Claude: Strong top-line growth at 49.6% YoY, indicating market demand for EV charging infrastructure. Adequate liquidity with 2.19x current ratio and $151.0M cash on hand providing near-term runway.
What are the risks of investing in EVGOW?
Claude: Negative stockholders' equity of -$116.9M indicates company is technically insolvent on book value basis. Operating cash flow is negative (-$7.7M) while CapEx is massive ($116.7M), creating unsustainable cash burn of -$124.4M FCF.
What is EVGOW's revenue and growth?
EVgo Inc. reported revenue of $384.1M.
Does EVGOW pay dividends?
EVgo Inc. does not currently pay dividends.
Where can I find EVGOW SEC filings?
Official SEC filings for EVgo Inc. (CIK: 0001821159) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is EVGOW's EPS?
EVgo Inc. has a diluted EPS of $-0.31.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is EVGOW a good stock to buy right now?
Based on our AI fundamental analysis in March 2026, EVgo Inc. has a STRONG SELL rating with 92% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is EVGOW stock overvalued or undervalued?
Valuation metrics for EVGOW: ROE of N/A (sector avg: 15%), net margin of -10.8% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy EVGOW stock in 2026?
Our dual AI analysis gives EVgo Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is EVGOW's free cash flow?
EVgo Inc.'s operating cash flow is $-7.7M, with capital expenditures of $116.7M. FCF margin is -32.4%.
How does EVGOW compare to other Default stocks?
Vs Default sector averages: Net margin -10.8% (avg: 12%), ROE N/A (avg: 15%), current ratio 2.19 (avg: 1.8).