EVgo annual r&d spending
2020
2021
2022
2023
2024
2025
EVgo R&D Spending Growth & History (EVGO)
EVgo's r&d spending was $12.2M for fiscal 2025.
View full EVgo company overviewEVgo annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $12.2M | $600,000 | +5.17% |
| 2024 | 2024-12-31 | $11.6M | $5.9M | +103.51% |
| 2023 | 2023-12-31 | $5.7M | $900,000 | +18.75% |
| 2022 | 2022-12-31 | $4.8M | $2.8M | +140.00% |
| 2021 | 2021-12-31 | $2.0M | $800,000 | +66.67% |
| 2020 | 2020-12-31 | $1.2M | — | — |
EVgo r&d spending trends
Over the last five fiscal years, EVgo's r&d spending increased from $1.2M to $12.2M, a change of $11.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review EVgo source filings ↗