EVgo Q4 revenue $67.5M (+35% YoY); FY2024 revenue $256.8M (+60%); guides FY2025 $340-380M, Adj. EBITDA near breakeven

EVgo Inc.

Q4 2024 revenue of $67.5M, up 35% YoY; full-year revenue $256.8M, up 60% YoY, meeting guidance.
Charging network revenue Q4 $46.5M (+73% YoY); full-year $155.7M (+110%); throughput 84 GWh Q4 (+68%), 277 GWh FY (+116%).
Added 480+ operational stalls in Q4, ending 2024 with ~4,080 stalls (+1,230 for full year).
Net loss improved 3% YoY to ($35.6M) in Q4; full-year net loss ($126.7M) improved 6%; Adjusted EBITDA ($32.5M) at high end of guidance.
2025 guidance: revenue $340-380M (40% growth at midpoint); Adjusted EBITDA ($5M)-$10M (breakeven); plans to triple installed base in five years.

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