EVgo Inc.
EVGO Consumer Cyclical Specialty Retail
EVgo Inc.’s revenue for fiscal 2025 (year ended December 2025) was $384.1 million, up 49.6% from fiscal 2024. In the quarter to June 2026, revenue fell 15.7%, EPS fell 50.0%, free cash flow fell 232.8% and total debt rose 207.9%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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EVgo Inc. (EVGO) Altman Z-score
EVgo Inc.'s Altman Z-score for fiscal 2025 is 0.25, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.25 | 0.54 |
| FY2024 | −0.28 | 0.11 |
| FY2023 | −0.39 | 0.45 |
| FY2022 | −0.84 | 1.14 |
| FY2021 | −1.98 | (2.33) |
| FY2020 | 0.35 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.17 | — | 0.20 | |
| Retained earnings / total assets | (0.13) | — | −0.18 | |
| EBIT / total assets | (0.11) | — | −0.38 | |
| Market value of equity / total liabilities | 0.36 | — | 0.22 | |
| Sales / total assets | 0.40 | — | 0.40 | |
| Altman Z-score | Distress zone | 0.25 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −0.21 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| BBW Build-A-Bear Workshop, Inc. compare | 5.2× |
| BWMX Betterware de Mexico SAPI de C compare | 3.1× |
| ARKO ARKO Corp. compare | 2.5× |
| BNED Barnes & Noble Education, Inc compare | 1.9× |
| FLWS 1-800 FLOWERS.COM, Inc. compare | 1.8× |
| ONEW OneWater Marine Inc. compare | 1.4× |
| WOOF Petco Health and Wellness Company, Inc. compare | 1.0× |
| EVGO EVgo Inc. | 0.3× |
| CHPT ChargePoint Holdings, Inc. compare | −3.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets