EVgo surges to profitability by putting chargers 'where people are,' CEO says

Charging company EVgo is bucking the trend of slowing EV sales with strong results.

The company posted adjusted EBITDA of $12 million in 2025, the first yearly profit for the company, with the fourth quarter representing $24 million of that. Revenue jumped 75% in Q4 to $118.4 million, with gross margin surging 2350 basis points to 38%.