EVGO — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-05

• Number of DC Stalls on the EVgo Owned Public Network (in thousands) as of4.0 3.5

• Additional legislative or regulatory actions under the current administration of 119th Congress, if pursued, could impact the availability or value of these incentives. Further, the impact government EV initiatives, including regulatory requirements and restrictions that may impact our ability and o…

• In addition, a number of states offer various rebates, grants and tax credits to incentivize both EV and EV supply equipment purchases. In many states, utilities also offer rebates or other incentive programs, typically “make-ready” programs, to incentivize the development of EV charging infrastruct…

• Depreciation, net of capital-build amortization16,577 15,955 622 4 %

• Net loss attributable to redeemable noncontrolling interest(20,560)(14,865)(5,695)38 %

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• OEM customers, including branding and memberships. Finally, as a result of owning and operating the EV charging stations, we earn regulatory credits such as LCFS credits, which are sold to generate additional revenue.

• Network throughput (GWh) on the EVgo Public Network for the nine months ended1,2

• Number of DC Stalls on the EVgo Public Network (in thousands) as of1

• ¹ During the fourth quarter of 2024, network throughput and DC Stalls were updated to represent the EVgo Public Network. Previously reported amounts have been updated to conform to the current presentation.

• ² Numbers may not recalculate on a year-to-date basis due to rounding.

Text added vs the prior filing · source: 10-Q · 2026-05-05

• Our exposure to market risk primarily relates to fluctuating interest rates under our long-term debt.

• We are exposed to risks associated with changes in interest rates. Net of interest rate swaps, the majority of our total indebtedness remains subject to US-based variable interest rate risk tied to changes in the federal funds rate and SOFR. In the future may enter into interest rate swaps to manage…

• Our ultimate realized gain or loss with respect to interest rate fluctuations will depend on interest rates, the exposures that arise during the period and our hedging strategies at that time. As an example, if interest rates were to increase or decrease by 1% or 100 basis points, it would not have …

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• We are relying on the scaled disclosure requirements available to SRCs. As a result, pursuant to Item 305(e) of Regulation S-K, we are not required to provide the information required by this Item 3.

Text added vs the prior filing · source: 10-Q · 2026-05-05

• The following material weaknesses in internal control over financial reporting were identified as of December 31, 2025: We did not effectively design, implement or operate sufficient and appropriate process level control activities related to our financial reporting processes. Additionally, we had i…

• The material weaknesses were due to a lack of a sufficient number of trained resources to identify the underlying data and reports relied upon in our financial reporting process and to sufficiently design, implement or operate process level controls, including controls to validate the completeness a…

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• The following material weakness in internal control over financial reporting was identified: due to an ineffective information and communication process to ensure the completeness and accuracy of underlying data and reports, we did not effectively design, implement and operate process-level controls…

Text added vs the prior filing · source: 10-Q · 2026-05-05

• On April 29, 2026, EVgo Swift Borrower LLC (the “Borrower”), a subsidiary of the Company, entered into the First Omnibus Amendment Agreement (the “Amendment”) to the Loan Guarantee Agreement, dated as of December 12, 2024 (the “Guarantee Agreement”), with the DOE as guarantor, with respect to the te…

• The Amendment modifies certain terms of the Guarantee Agreement, the material terms of which are described below. Capitalized terms used herein but not defined shall, unless otherwise indicated, have the meanings ascribed to them in the Guarantee Agreement.

• The Amendment changes the Maximum Guaranteed Loan Amount under the facility to $750 million (which includes $625 million in borrowings and up to $125 million in capitalized interest), from approximately $1.248 billion. Specifically, the Maximum Aggregate Amount of Advances is changed to $625 million…

• Borrowings under the DOE Loan bear interest at a rate based on U.S. Treasury rates plus an applicable margin, totaling approximately 1.2%, and interest accrued during the deployment period is eligible for capitalization in accordance with the terms of the Guarantee Agreement.

• The Amendment permits the Borrower to make additional borrowings in an amount equal to 80% of the aggregate of all Eligible Project Costs of assets held by the Borrower (subject to certain regulatory and contractual requirements),

Text removed vs the prior filing · source: 10-Q · 2025-11-10

• During the three months ended September 30, 2025, no Section 16 officers adopted, modified or terminated a “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K of the Exchange Act).

• There were no “non-Rule 10b5-1 trading arrangements” (as defined in Item 408 of Regulation S-K of the Exchange Act) adopted, modified or terminated during the three months ended September 30, 2025 by any of our Section 16 officers or directors.