EVGO

EX-99.1

2 exhibit991evgoearningsrele.htm

EX-99.1

Document

Exhibit 99.1

EVgo Inc. Reports Third Quarter 2026 Results

Total Q3 Charging Network Revenues Increased 29% Year-Over-Year

•Charging network revenue totaled $72 million in the third quarter, an increase of 29% year-over-year, representing the 19th consecutive quarter of double-digit year-over-year charging revenue growth.

•Network throughput reached 103 gigawatt-hours (“GWh”) in the third quarter, an increase of 8% year-over-year.

•Ended the third quarter with 5,530 stalls in operation, an increase of 20% year-over-year.

LOS ANGELES – November 9, 2026 — EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”), one of the nation’s largest providers of public fast charging infrastructure for electric vehicles (EVs), announced results for the third quarter ended September 30, 2026. Management will host a webcast today at 9 a.m. ET / 6 a.m. PT to discuss EVgo’s results and other business highlights.

“This quarter we continued to expand EVgo's fast charging network and advance our path to sustainable profitability," said Badar Khan, CEO of EVgo. “In the third quarter, charging network revenue was up 29% year-over-year and our customer base surpassed a record 1.9 million accounts. This growth was the result of our multi-year efforts to strategically scale NACS across our network, add EVgo Superchargers, innovate to build the next-generation 750kW charging architecture, and expand partnerships with leading site hosts. At the same time, we are taking a disciplined approach to capital allocation by prioritizing higher-return sites, improving network utilization and implementing cost efficiencies.

"EVgo has built a business model and a sustainable advantage that’s hard to replicate, one that benefits from a number of growing megatrends and tailwinds that have already translated into strong financial results. We are as confident as ever in our path to sustained, positive Adjusted EBITDA and positioning EVgo to drive long-term value for our shareholders.”

Business Highlights

•EVgo Next-Generation Charging Architecture: System capable of delivering up to 750 kW, with deployments anticipated to begin in 2027.

•Deploying EVgo Superchargers: First EVgo v4 Supercharger site live in the Chicago area. EVgo Superchargers and EVgo sites with NACS available in Tesla navigation.

•Stall Development: Ended the third quarter with 5,530 stalls in operation. EVgo added 160 new DC fast charging stalls during the quarter.

•Expanding Partnerships: Grew relationships with Brixmor and Regency Centers to bring more than 900 new fast chargers to grocery-anchored shopping centers.

•Average Daily Network Throughput: Average daily throughput per stall for the EVgo public network was 283 kilowatt hours per day in the third quarter of 2026, compared to 295 kilowatt hours per day in the third quarter of 2025. Excluding throughput from OEM charging programs, average daily throughput increased 7% year-over-year.

•Customer Accounts: Added over 95,000 new customer accounts in the third quarter, with over 1.9 million total customer accounts at the end of the quarter.

•J3400 (NACS) Connectors: Over 290 NACS connectors in operation as of November 6, 2026.

•30C Income Tax Credits: EVgo sold its 2025 portfolio of 30C income tax credits for $7.7 million net of transaction costs.

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Q3'26Q3'25ChangeQ3'26 YTDQ3'25 YTDChange

(unaudited, dollars in thousands)

Network throughput (GWh)103958%29326710%

Revenue$91,417$92,299(1)%$283,596$265,6167%

Gross profit$13,608$12,5608%$33,908$35,791(5)%

Gross margin14.9%13.6%130 bps12.0%13.5%(150) bps

Net loss$(49,207)$(28,356)74%$(132,530)$(84,404)57%

Adjusted Gross Profit1 $32,365$26,65121%$88,281$80,38010%

Adjusted Gross Margin1 35.4%28.9%650 bps31.1%30.3%80 bps

Adjusted EBITDA1 $(3,530)$(4,975)(29)%$(21,580)$(12,837)68%

1Non-GAAP measure. See "Definitions of non-GAAP Financial Measures" and "Reconciliations of Non-GAAP Financial Measures" included elsewhere in this release.

Q3'26Q3'25ChangeQ3'26 YTDQ3'25 YTDChange

(unaudited, dollars in thousands)

Cash flows used in operating activities$(15,232)$(22,828)(33)%$(57,084)$(18,985)201%

GAAP capital expenditures$34,840 $26,152 33%$99,238 $67,343 47%

Capital offsets:

OEM infrastructure payments1,593 2,160 (26)%5,160 9,033 (43)%

Proceeds from capital-build funding1,310 5,044 (74)%9,676 14,095 (31)%

Proceeds from transfer of 30C income tax credits, net7,704 14,787 (48)%7,704 14,787 (48)%

Total capital offsets10,607 21,991 (52)%22,540 37,915 (41)%

Capital Expenditures, Net of Capital Offsets1 $24,233 $4,161 482%$76,698 $29,428 161%

1Non-GAAP measure. See "Definitions of non-GAAP Financial Measures" and "Reconciliations of Non-GAAP Financial Measures" included elsewhere in this release.

9/30/20269/30/2025Change

Stalls in operation:

EVgo public network1 4,0203,57013%

EX-99.1

2 exhibit991evgoearningsrele.htm

EX-99.1

Document

Exhibit 99.1

EVgo Inc. Reports Second Quarter 2026 Results

Total Q2 Charging Network Revenues Increased 19% Year-Over-Year

•Charging network revenue totaled $61 million in the second quarter, an increase of 19% year-over-year, representing the 18th consecutive quarter of double-digit year-over-year charging revenue growth.

•Network throughput reached 99 gigawatt-hours (“GWh”) in the second quarter, an increase of 13% year-over-year.

•Ended the second quarter with 5,380 stalls in operation, an increase of 24% year-over-year.

•Signed agreement with Tesla to deploy EVgo Superchargers

LOS ANGELES – August 5, 2026 — EVgo Inc. (Nasdaq: EVGO) (“EVgo” or the “Company”), one of the nation’s largest providers of public fast charging infrastructure for electric vehicles (EVs), announced results for the second quarter ended June 30, 2026. Management will host a webcast today at 8 a.m. ET / 5 a.m. PT to discuss EVgo’s results and other business highlights.

"EVgo delivered another quarter of solid execution, with 19% charging network revenue growth and continued expansion of our nationwide fast-charging platform," said Badar Khan, CEO of EVgo. "Our recently announced

agreement with Tesla underscores the strength of our strategy and our commitment to providing widespread charging infrastructure to the growing EV driver population. Our confidence in EVgo’s long-term opportunity has never been stronger thanks to the scale of our network, our differentiated business model and strong utilization and non-dilutive financing sources. As a result, EVgo represents a uniquely differentiated growth profile at an attractive valuation for shareholders."

Business Highlights

•EVgo Superchargers: EVgo and Tesla signed an agreement to deploy EVgo-owned and branded V4 Superchargers starting in 2026. Each site is expected to have up to 20 stalls located near everyday destinations like retail shops and restaurants. EVgo Superchargers will appear on the in-car Tesla navigation and Tesla Trip Planner.

•Stall Development: Ended the second quarter with 5,380 stalls in operation. EVgo added 280 new DC fast charging stalls during the quarter offset by 175 removals of legacy equipment under the Company's Renew program.

•Average Daily Network Throughput: Average daily throughput per stall for the EVgo public network was 276 kilowatt hours per day in the second quarter of 2026, compared to 281 kilowatt hours per day in the second quarter of 2025.

•Customer Accounts: Added over 99,000 new customer accounts in the second quarter, with over 1.8 million total customer accounts at the end of the quarter.

•J3400 (NACS) Connectors: 240 NACS connectors in operation as of July 31, 2026.

•EVgo Next Generation Charging Architecture: Finalized the design of the Company's next generation charging equipment and testing underway with demonstrated high current charging on multiple vehicle models.

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Q2'26Q2'25ChangeQ2'26 YTDQ2'25 YTDChange

(unaudited, dollars in thousands)

Network throughput (GWh)998813%19017210%

Revenue$82,648$98,030(16)%$192,179$173,31711%

Gross profit$7,342$13,908(47)%$20,300$23,231(13)%

Gross margin8.9%14.2%(530) bps10.6%13.4%(280) bps

Net loss$(46,342)$(29,821)55%$(83,323)$(56,048)49%

Adjusted Gross Profit1 $26,283$28,359(7)%$55,916$53,7294%

Adjusted Gross Margin1 31.8%28.9%290 bps29.1%31.0%(190)bps

Adjusted EBITDA1 $(10,573)$(1,933)447%$(18,050)$(7,862)130%

1Non-GAAP measure. See Appendix for reconciliation.

Q2'26Q2'25ChangeQ2'26 YTDQ2'25 YTDChange

(unaudited, dollars in thousands)

Cash flows provided by (used in) operating activities$(6,484)$14,089 (146)%$(41,852)$3,843 (1189)%

GAAP capital expenditures$33,823 $26,199 29%$64,398 $41,191 56%

Capital offsets:

OEM infrastructure payments1,352 1,898 (29)%3,567 6,873 (48)%

Proceeds from capital-build funding5,170 7,180 (28)%8,366 9,051 (8)%

Total capital offsets6,522 9,078 (28)%11,933 15,924 (25)%

Capital Expenditures, Net of Capital Offsets1 $27,301 $17,121 59%$52,465 $25,267 108%

1Non-GAAP measure. See Appendix for reconciliation.

6/30/20266/30/2025Change

Stalls in operation:

EVgo public network1 3,9303,48013%

EVgo AV network2 1201109%

EVgo eXtend™ 3 1,33076075%

Total stalls in operation5,3804,35024%

1 Stalls at publicly available charging stations that we own and operate on our network.

2 Stalls at charging stations that we own and operate on our network that are only available to AV fleet customers.

3 Stalls at eXtend are EV charging stations built via partnerships for use by their customers with assets serviced through, and often cobranded with, our national network.

2026 Guidance

EVgo is updating full year 2026 guidance as follows:

•Total new stalls of 1,350 - 1,625

•Total revenue of $400 – $430 millio

evgo-20260505

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 5, 2026

EVgo Inc.

(Exact name of registrant as specified in its charter)

Delaware001-3957285-2326098

(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

1661 East Franklin Avenue

El Segundo, CA 90245

(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (877) 494-3833

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered

Shares of Class A common stock, $0.0001 par value per shareEVGOThe Nasdaq Global Select Market

Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50EVGOWThe Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02. Results of Operations and Financial Condition.

On May 5, 2026, EVgo Inc. (the “Company”) issued a press release, announcing its financial results for the first quarter ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

The information furnished under Item 2.02 of this Current Report on Form 8-K (including exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits.

Exhibit NumberDescription

99.1

Press Release, dated May 5, 2026.

104Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

EVgo Inc.

Date: May 5, 2026By: /s/ Keefer Lehner

Name:Keefer Lehner

Title:Chief Financial Officer

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