EVgo (EVGO) Research & Development (2024 - 2025)
EVgo (EVGO) recorded Research & Development of $10.08 million in Q3 2025, up 32.2% from $7.63 million a year earlier and up 3.1% from the prior quarter.
Powered by 
Analysis
EVgo (EVGO) Research & Development (2024 - 2025) Analysis & Trends
On a TTM basis, EVgo's Research & Development came in at $38.06 million as of Sep 30, 2025; for FY2024, it came in at $30.7 million, up 7.8% from FY2023.
- Across earlier years, Research & Development came in at $28.48 million in FY2023.
- On a year-over-year basis, Research & Development has increased for three consecutive quarters.
- Per Business Quant, the preceding three quarters came in at $9.78 million (Q2 2025), $9.36 million (Q1 2025) and $8.84 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 220.36 Bn | 181.43 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 64.36 Bn | 54.29 Bn | 417.10 Mn | 64.15 Mn |
| 3 | First Solar | 18.40 Bn | 9.36 Bn | 605.00 Mn | 76.24 Mn |
| 4 | Nextpower | 11.77 Bn | 7.67 Bn | 335.85 Mn | 44.51 Mn |
| 5 | BWX Technologies | 11.66 Bn | 9.96 Bn | 202.31 Mn | 4.17 Mn |
| 6 | Generac Holdings | 11.09 Bn | 9.91 Bn | 521.81 Mn | 65.78 Mn |
| 7 | EnerSys | 6.12 Bn | 4.32 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.14 Bn | -716.82 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.65 Bn | 1.53 Bn | 133.10 Mn | 10.10 Mn |
| 10 | EVgo | 323.95 Mn | 77.42 Mn | 7.34 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 10.08 Mn |
| Jun 30, 2025 | 9.78 Mn |
| Mar 31, 2025 | 9.36 Mn |
| Dec 31, 2024 | 8.84 Mn |
| Sep 30, 2024 | 7.63 Mn |
| Jun 30, 2024 | 7.14 Mn |
| Mar 31, 2024 | 7.10 Mn |
API Access
EVgo Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=EVGO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "EVGO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=EVGO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();