EVgo (EVGO) Gross Margin (2020 - 2026)
EVgo (EVGO) posted Gross Margin of 8.88% for Q2 2026, down 24.9% on a QoQ basis from 11.83% in Q1 2026, and down 530.0% year-over-year from 2.07% in Q2 2025.
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EVgo (EVGO) Gross Margin (2020 - 2026) Analysis & Trends
EVgo has reported Gross Margin for 7 years, with the latest figure at 8.88% in Q2 2026.
- On a quarterly basis, Gross Margin fell 530.0% year-over-year to 8.88% in Q2 2026; TTM through Jun 2026 was 19.32%, a 656.0% increase from a year earlier, with the FY2025 full-year figure at 21.03%, up 960.0% from the prior year.
- Gross Margin was 8.88% for Q2 2026 at EVgo, down from 11.83% in the prior quarter.
- The five-year high for Gross Margin was 37.97% in Q4 2025, with the low at 30.53% in Q3 2022.
- Average Gross Margin over 5 years is 6.34%, with a median of 9.52% recorded in 2024.
- The sharpest annual moves came in 2022 and 2026: Gross Margin soared 11010 bps in 2022, then slumped 530 bps in 2026.
- Over 5 years, Gross Margin stood at 4.03% in 2022, then jumped by 276 bps to 7.08% in 2023, then surged by 104 bps to 14.46% in 2024, then jumped by 163 bps to 37.97% in 2025, then plunged by 77 bps to 8.88% in 2026.
- The last three Gross Margin figures came in at 8.88% (Q2 2026), 11.83% (Q1 2026), and 37.97% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ads-Tec Energy Public | 698.64 Mn | 698.64 Mn | -18.95 Mn | -51.60% |
| 2 | NaaS Technology | 650.38 Mn | 645.67 Mn | - | - |
| 3 | Wallbox | 513.20 Mn | 502.32 Mn | - | - |
| 4 | EVgo | 474.92 Mn | 621.46 Mn | 7.34 Mn | 8.88% |
| 5 | ChargePoint Holdings | 266.09 Mn | 170.36 Mn | 42.30 Mn | 36.44% |
| 6 | Ozop Energy Solutions | 114.46 Mn | 113.41 Mn | - | - |
| 7 | Blink Charging | 84.83 Mn | 50.83 Mn | 8.44 Mn | 38.95% |
| 8 | Pioneer Power Solutions | 32.07 Mn | 21.40 Mn | - | - |
| 9 | Beam Global | 31.40 Mn | 30.37 Mn | 1.53 Mn | 17.83% |
| 10 | Xchg | 22.08 Mn | -11,385.36 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.88% |
| Mar 31, 2026 | 11.83% |
| Dec 31, 2025 | 37.97% |
| Sep 30, 2025 | 13.61% |
| Jun 30, 2025 | 14.19% |
| Mar 31, 2025 | 12.38% |
| Dec 31, 2024 | 14.46% |
| Sep 30, 2024 | 9.43% |
| Jun 30, 2024 | 9.60% |
| Mar 31, 2024 | 12.40% |
| Dec 31, 2023 | 7.08% |
| Sep 30, 2023 | 1.72% |
| Jun 30, 2023 | 10.94% |
| Mar 31, 2023 | 0.16% |
| Dec 31, 2022 | -4.03% |
| Sep 30, 2022 | -30.53% |
| Jun 30, 2022 | -8.20% |
| Mar 31, 2022 | -7.79% |
| Dec 31, 2021 | -114.13% |
| Sep 30, 2021 | -26.74% |