ChargePoint Holdings Inc【CHPT】株式ニュース

ChargePoint Reports First Quarter Fiscal Year 2027 Financial ResultsJune 3, 2026 4:05 PM
Business Wire Revenue grew 4% year-over-year to $102 million, above the guidance range Subscription revenue grew 7% year-over-year to $41 million GAAP gross margin was 29% and non-GAAP gross margin was 32% ChargePoint launched Express Solo, the world’s fastest standalone EV charger for mass-market passenger EVs ChargePoint Holdings, Inc. (NYSE:CHPT) (“ChargePoint” or the "Company"), a leading provider of electric vehicle (EV) charging solutions, today reported its financial results for the first quarter of fiscal year 2027, which ended April 30, 2026. “Q1 was a strong start to the year for ChargePoint, as we exceeded the high end of our guidance, delivered a third consecutive quarter of year-over-year growth, and maintained strong margins with continued cost discipline,” said Rick Wilmer, President and Chief Executive Officer. “ChargePoint is entering the year focused on accelerating growth, driven by innovation like the new Express Solo, the world’s fastest standalone EV charger. We’ve also strengthened our leadership team with the addition of Jyothi Swaroop as Chief Marketing and Growth Officer, positioning us to fully capitalize on this momentum and the innovation ahead.” First Quarter Fiscal 2027 Financial Overview Revenue. First quarter revenue was $101.8 million, up 4% from $97.6 million in the prior year’s same quarter. Networked charging systems revenue for the first quarter was $53.3 million, up 2% from $52.1 million in the prior year’s same quarter. Subscription revenue was $40.8 million, up 7% from $38.0 million in the prior year’s same quarter. Gross Margin. First quarter GAAP gross margin was 29% as compared to 29% in the prior year's same quarter, and non-GAAP gross margin was 32% as compared to 31% in the prior year's same quarter. Operating Expenses. First quarter GAAP operating expenses were $76.8 million, down 6% from $81.8 million in the prior year's same quarter. Non-GAAP operating expenses were $54.4 million, down 4% from $56.7 million in the prior year's same quarter. Net Income/Loss. First quarter GAAP net loss was $43.2 million, down 24% from $57.1 million in the prior year's same quarter. Additionally, non-GAAP net loss was $18.3 million, down 39% from $30.0 million in the prior year's same quarter and non-GAAP adjusted EBITDA loss was $19.2 million, down 16% from $22.8 million in the prior year's same quarter. Liquidity. As of April 30, 2026, cash and cash equivalents on the balance sheet was $95.8 million. Shares Outstanding. As of April 30, 2026, ChargePoint had approximately 26 million shares of common stock outstanding. Business Highlights ChargePoint launched Express Solo, the world’s fastest standalone EV charger for mass-market passenger EVs, capable of delivering up to 600 kW charging speed to a single port. ChargePoint appointed Jyothi Swaroop as Chief Marketing and Growth Officer, leading global go-to-market strategy, including marketing, go-to-market operations, sales enablement, growth initiatives, partner monetization, and new market expansion. ChargePoint and OBE Power, a leading a charge point owner, partnered to deploy approximately 2,500 charging ports at multifamily residences, starting this year. ChargePoint secured one of its largest transit fleet order to-date, delivering DC fast charging solutions to support Santa Monica’s Big Blue Bus fleet of e-buses, as part of the transit agency’s goal of total electrification by 2032. Second Quarter of Fiscal 2027 Guidance For the second fiscal quarter ending July 31, 2026, ChargePoint expects revenue of $100 million to $110 million. Conference Call Information ChargePoint will host a conference call to review the Company’s financial results at 1:30 p.m. Pacific (4:30 p.m. Eastern time) today. A live webcast of the conference call will be available at https://events.q4inc.com/attendee/642160823. Participants can also access the conference call by dialing +1 (833) 461 5787 (North America) and entering Conference ID 642160823. For international dial-in information, please visit: https://help.events.q4inc.com/eahc/international-dial-in-numbers. A recording will be available after the conclusion of the webcast and archived for one year on ChargePoint’s investor relations website. A copy of the press release with the financial results will be also available on ChargePoint’s investor relations website prior to the commencement of the webcast. About ChargePoint ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.4 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 21 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office. Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding our projected revenue for the second quarter of fiscal year 2027. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: macroeconomic trends including changes in or sustained inflation, interest rate volatility, increased tariffs or other events beyond our control on the overall economy which may reduce demand for our products and services; geopolitical events and conflicts; adverse impacts to our business and those of our customers and suppliers, including due to supply chain disruptions, component shortages, and associated logistics expense increases; our ability as an organization to successfully acquire, integrate or partner with other companies, products or technologies in a successful manner such as our partnership efforts with Eaton Corporation; our dependence on widespread acceptance and adoption of EVs, including any delays or modifications to auto manufacturers' plans and strategies to transition to predominately manufacture EVs and any corresponding decreased demand for installation of charging stations; our current dependence on sales of charging stations for the majority of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental policies, rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; our ability, and our reliance on our customers, to successfully implement, construct and manage state, federal and local charging infrastructure programs in accordance with the respective terms of such program in order to validly secure and obtain awarded funding and win additional grant opportunities; our reliance on contract manufacturers, including those located outside the United States, may result in supply chain interruptions, delays and expense increases which may adversely affect our sales, revenue and gross margins; our ability to expand our operations and market share in Europe; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins due to delays and costs associated with new product introductions, such as our new AC and Express DC fast charging product architectures, inventory obsolescence, component shortages and related expense increases; the ability or success of our new AC and Express DC fast charging product architectures to result in an increased demand for charging products by commercial, residential and fleet charging customers; adverse impact to our revenues and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on April 2, 2026, which is available on our website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law. Use of Non-GAAP Financial Measures ChargePoint has provided financial information in this press release that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). ChargePoint uses these non-GAAP financial measures internally in analyzing its financial results. ChargePoint believes that the use of these non-GAAP financial measures is useful to investors to evaluate ongoing operating results and trends and believes they provide meaningful supplemental information to investors regarding ChargePoint’s underlying operating performance because they exclude items ChargePoint believes are unrelated to, and may not be indicative of, its core operating results. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with ChargePoint’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of ChargePoint’s historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations. Non-GAAP Gross Profit (Gross Margin). ChargePoint defines non-GAAP gross profit as gross profit excluding stock-based compensation expense, amortization expense of acquired intangible assets and restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs. Non-GAAP gross margin is non-GAAP gross profit as a percentage of revenue. Non-GAAP Cost of Revenue and Operating Expenses (includes Non-GAAP research and development, Non-GAAP sales and marketing and Non-GAAP general and administrative). ChargePoint defines non-GAAP cost of revenue and operating expenses as cost of revenue and operating expenses excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees. Non-GAAP Net Loss. ChargePoint defines non-GAAP net loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees. These amounts reflect the impact of any related tax effects. Non-GAAP pre-tax net loss is non-GAAP net loss adjusted for provision for income taxes. Non-GAAP Adjusted EBITDA Loss. ChargePoint defines non-GAAP adjusted EBITDA loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees, and further adjusted for provision of income taxes, depreciation, interest income and expense, and other income and expense (net). Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures to analyze financial results and trends. In particular, many of the adjustments to ChargePoint’s GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in its financial results for the foreseeable future, such as stock-based compensation, which is an important part of ChargePoint’s employees’ compensation and impacts hiring, retention and performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that ChargePoint excludes in its calculation of non-GAAP financial measures may differ from the components that other companies exclude when they report their non-GAAP results. In the future, ChargePoint may also exclude other expenses it determines do not reflect the performance of ChargePoint’s operating results. CHPT-IR ChargePoint Holdings, Inc. PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts; unaudited) Three Months Ended April 30, 2026 2025 Revenue Networked Charging Systems $ 53,307 $ 52,059 Subscriptions 40,775 38,020 Other 7,737 7,561 Total revenue 101,819 97,640 Cost of revenue Networked Charging Systems 48,954 48,638 Subscriptions 17,920 15,366 Other 5,323 5,650 Total cost of revenue 72,197 69,654 Gross profit 29,622 27,986 Operating expenses Research and development 35,597 33,510 Sales and marketing 23,594 26,192 General and administrative 17,585 22,124 Total operating expenses 76,776 81,826 Loss from operations (47,154 ) (53,840 ) Interest income 336 1,164 Interest expense (274 ) (6,436 ) Other income (expense), net 5,096 2,613 Net loss before income taxes (41,996 ) (56,499 ) Provision for income taxes 1,208 622 Net loss $ (43,204 ) $ (57,121 ) Net loss per share, basic and diluted $ (1.75 ) $ (2.49 ) Weighted average shares outstanding, basic and diluted 24,630,127 22,952,278 ChargePoint Holdings, Inc. PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, unaudited) April 30, 2026 January 31, 2026 Assets Current assets: Cash and cash equivalents $ 95,779 $ 141,564 Restricted cash 400 400 Accounts receivable, net 80,555 86,132 Inventories 203,596 214,903 Prepaid expenses and other current assets 20,735 19,028 Total current assets 401,065 462,027 Property and equipment, net 22,437 24,665 Intangible assets, net 56,664 60,534 Operating lease right-of-use assets 9,518 11,450 Goodwill 225,767 227,938 Other assets 5,538 5,631 Total assets $ 720,989 $ 792,245 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 77,885 $ 90,094 Accrued and other current liabilities 137,122 141,723 Deferred revenue 119,072 119,381 Debt, current 15,598 32,371 Total current liabilities 349,677 383,569 Deferred revenue, noncurrent 129,575 131,200 Debt, noncurrent 224,135 228,480 Operating lease liabilities 9,504 10,677 Deferred tax liabilities 12,358 13,038 Other long-term liabilities 4,842 3,982 Total liabilities 730,091 770,946 Stockholders' equity (deficit): Common stock 2 2 Additional paid-in capital 2,145,153 2,128,764 Accumulated other comprehensive income 582 4,168 Accumulated deficit (2,154,839 ) (2,111,635 ) Total stockholders' equity (deficit) (9,102 ) 21,299 Total liabilities and stockholders' equity (deficit) $ 720,989 $ 792,245 ChargePoint Holdings, Inc. PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands, unaudited) Three Months Ended April 30, 2026 2025 Cash flows from operating activities Net loss $ (43,204 ) $ (57,121 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 6,332 6,928 Non-cash operating lease cost 837 876 Stock-based compensation 10,595 17,863 Amortization of deferred contract acquisition costs 780 844 Paid-in-kind non-cash interest expense 387 9,397 Foreign currency transaction (gain) loss 321 (3,499 ) Reserves and other (9,538 ) 1,644 Changes in operating assets and liabilities: Accounts receivable, net 5,470 (13 ) Inventories 15,749 2,816 Prepaid expenses and other assets (2,486 ) (10,703 ) Accounts payable, operating lease liabilities, and accrued and other liabilities (20,331 ) (6,418 ) Deferred revenue (1,472 ) 4,418 Net cash used in operating activities (36,560 ) (32,968 ) Cash flows from investing activities Purchases of property and equipment (1,137 ) (1,060 ) Net cash used in investing activities (1,137 ) (1,060 ) Cash flows from financing activities Repayment of borrowings (9,625 ) — Proceeds from the issuance of common stock under employee equity plans, net of tax withholding 428 1,288 Change in driver funds and amounts due to customers 1,643 1,149 Net cash (used in) provided by financing activities (7,554 ) 2,437 Effect of exchange rate changes on cash, cash equivalents, and restricted cash (534 ) 2,969 Net decrease in cash, cash equivalents, and restricted cash (45,785 ) (28,622 ) Cash, cash equivalents, and restricted cash at beginning of period 141,964 224,971 Cash, cash equivalents, and restricted cash at end of period $ 96,179 $ 196,349 ChargePoint Holdings, Inc. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In thousands, unaudited) Three Months Ended
April 30, 2026 Three Months Ended
April 30, 2025 Cost of Revenue: GAAP cost of revenue (as a percentage of revenue) $ 72,197 71 % $ 69,654 71 % Stock-based compensation expense (991 ) (1,223 ) Amortization of intangible assets (803 ) (766 ) Restructuring costs (1) (730 ) — Non-GAAP cost of revenue (as a percentage of revenue) $ 69,673 68 % $ 67,665 69 % Gross Profit: GAAP gross profit (gross margin as a percentage of revenue) $ 29,622 29 % $ 27,986 29 % Stock-based compensation expense 991 1,223 Amortization of intangible assets 803 766 Restructuring costs (1) 730 — Non-GAAP gross profit (gross margin as a percentage of revenue) $ 32,146 32 % $ 29,975 31 % Operating Expenses: GAAP research and development (as a percentage of revenue) $ 35,597 35 % $ 33,510 34 % Stock-based compensation expense (5,432 ) (8,614 ) Restructuring costs (1) (4,122 ) — Non-GAAP research and development (as a percentage of revenue) $ 26,043 26 % $ 24,896 25 % GAAP sales and marketing (as a percentage of revenue) $ 23,594 23 % $ 26,192 27 % Stock-based compensation expense (1,882 ) (3,079 ) Amortization of intangible assets (2,410 ) (2,275 ) Restructuring costs (1) (1,681 ) — Non-GAAP sales and marketing (as a percentage of revenue) $ 17,621 17 % $ 20,838 21 % GAAP general and administrative (as a percentage of revenue) $ 17,585 17 % $ 22,124 23 % Stock-based compensation expense (2,290 ) (4,947 ) Restructuring costs (1) (1,826 ) — Other adjustments (2) (2,691 ) (6,259 ) Non-GAAP general and administrative (as a percentage of revenue) $ 10,778 11 % $ 10,918 11 % GAAP Operating Expenses (as a percentage of revenue) $ 76,776 75 % $ 81,826 84 % Stock-based compensation expense (9,604 ) (16,640 ) Amortization of intangible assets (2,410 ) (2,275 ) Restructuring costs (1) (7,629 ) — Other adjustments (2) (2,691 ) (6,259 ) Non-GAAP Operating Expenses (as a percentage of revenue) $ 54,442 53 % $ 56,652 58 % Net Loss: GAAP net loss (as a percentage of revenue) $ (43,204 ) (42 )% $ (57,121 ) (59 )% Stock-based compensation expense 10,595 17,863 Amortization of intangible assets 3,213 3,041 Restructuring costs (1) 8,359 — Other adjustments (2) 2,691 6,259 Non-GAAP net loss (as a percentage of revenue) $ (18,346 ) (18 )% $ (29,958 ) (31 )% Provision for income taxes 1,208 622 Non-GAAP pre-tax net loss (as a percentage of revenue) $ (17,138 ) (17 )% $ (29,336 ) (30 )% Depreciation 3,119 3,887 Interest income (336 ) (1,164 ) Interest expense 274 6,436 Other expense (income), net (5,096 ) (2,613 ) Non-GAAP Adjusted EBITDA Loss (as a percentage of revenue) $ (19,177 ) (19 )% $ (22,790 ) (23 )% (1) Consists of restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs. (2) Consists of non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees. View source version on businesswire.com: https://www.businesswire.com/news/home/20260603313670/en/ Investor Relations
Audrey Dion
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AJ.Gosselin@chargepoint.com
media@chargepoint.com Original: ChargePoint Reports First Quarter Fiscal Year 2027 Financial Results

ChargePoint Reports Fourth Quarter and Full Fiscal Year 2026 Financial ResultsMarch 4, 2026 4:05 PM
Business Wire

Fourth quarter fiscal 2026 revenue grew 7% year-over-year to $109 million, at the top end of the guidance range; full fiscal year revenue was $411 million

Fourth quarter fiscal 2026 subscription revenue grew 11% year-over-year to $42 million; full fiscal year subscription revenue grew 13% year-over-year to $162 million

Fourth quarter fiscal 2026 GAAP gross margin was 31% and non-GAAP gross margin was 33%; full fiscal year GAAP gross margin was 31% and non-GAAP gross margin was 32%

ChargePoint Holdings, Inc. (NYSE:CHPT) (“ChargePoint”), a global leader in electric vehicle (EV) charging solutions, today reported results for its fourth quarter and full fiscal year 2026 ended January 31, 2026.

“Fiscal year 2026 marked an important inflection point for ChargePoint,” said Rick Wilmer, President and Chief Executive Officer of ChargePoint. “In the fourth quarter we continued to strengthen our operational foundation, manage the business with discipline, and deliver innovation that matters to our customers. While the broader market remains dynamic, our focus on execution, efficiency, and strategic partnerships positions us well as charging demand continues to grow. We made meaningful operational progress over the past year and are committed to building on that momentum. ChargePoint is creating a more resilient company and remains focused on delivering long-term value for our customers, partners, and shareholders.”

Fourth Quarter Fiscal 2026 Financial Overview

Revenue. Fourth quarter revenue was $109.3 million, up 7% from $101.9 million in the prior year’s same quarter. Networked charging systems revenue for the fourth quarter was $57.6 million, up 10% from $52.6 million in the prior year’s same quarter. Subscription revenue was $42.5 million, up 11% from $38.3 million in the prior year’s same quarter.

Gross Margin. Fourth quarter GAAP gross margin was 31% as compared to 28% in the prior year's same quarter, and non-GAAP gross margin was 33% as compared to 30% in the prior year's same quarter primarily due to subscription revenue growth as a percentage of total revenue and improvement in subscription margins.

Operating Expenses. Fourth quarter GAAP operating expenses were $87.4 million, up 4% from $83.6 million in the prior year's same quarter. Non-GAAP operating expenses were $57.9 million, up 11% from $52.0 million in the prior year's same quarter.

Net Income/Loss. Fourth quarter GAAP net loss was $44.4 million, down 24% from $58.8 million in the prior year's same quarter. Additionally, non-GAAP pre-tax net loss was $11.7 million, down 52% from $24.4 million in the prior year's same quarter and non-GAAP adjusted EBITDA loss was $18.4 million, up 6% from $17.3 million in the prior year's same quarter.

Liquidity. As of January 31, 2026, cash and cash equivalents on the balance sheet was $141.6 million.

Shares Outstanding. As of January 31, 2026, ChargePoint had approximately 24 million shares of common stock outstanding.

Full Fiscal 2026 Financial Overview

Revenue. For the full year, revenue was $411.2 million, down 1% from $417.1 million in the prior year. Networked charging systems revenue for the full year was $216.5 million, down 8% from $234.8 million in the prior year, and subscription revenue was $162.4 million, up 13% from $144.3 million in the prior year.

Gross Margin. Full year GAAP gross margin was 31% up from 24% in the prior year. Full year non-GAAP gross margin was 32% up from 26% in the prior year.

Operating Expenses. Full year GAAP operating expenses were $335.7 million, down 5% from $353.7 million in the prior year. Non-GAAP operating expenses were $230.6 million, down 5% from $243.4 million in the prior year.

Net Income/Loss. Full year GAAP net loss was $220.2 million down from $277.1 million in the prior year. Full year non-GAAP pre-tax net loss was $103.1 million down from $153.3 million in the prior year. Non-GAAP Adjusted EBITDA Loss was $82.7 million down from $116.5 million in the prior year.

For reconciliation of GAAP and non-GAAP results, please see the tables below.

Business Highlights

ChargePoint appointed Jaser Faruq as Chief Product and Software Officer, leading global product management and software development.

ChargePoint and RAW Charging, a leading charge point operator in the UK, established a multi-year partnership with an initial commitment from RAW Charging valued at $7.5 million.

ChargePoint and Ford Pro announced a new collaboration to offer specialized home, depot, and workplace EV charging solutions for Ford Pro's commercial fleet customers in Germany and the UK.

First Quarter of Fiscal 2027 Guidance

For the first fiscal quarter ending April 30, 2026, ChargePoint expects revenue of $90 million to $100 million.

Conference Call Information

ChargePoint will host a webcast today at 1:30 p.m. Pacific / 4:30 p.m. Eastern to review its fourth quarter and full fiscal year 2026 financial results.

A live webcast of the conference call will be available at https://events.q4inc.com/attendee/850090218. Participants can also access the conference call by dialing +1 (800) 715-9871 (North America toll free) or + 1 (646) 307-1963 (international) and Conference ID 1744120. A replay will be available after the conclusion of the webcast and archived for one year. A copy of this press release with the financial results and supplemental financial information will be also available on ChargePoint’s investor relations website (investors.chargepoint.com).

About ChargePoint

ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.37 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 21 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding our projected revenue for the first quarter of fiscal year 2027. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: macroeconomic trends including changes in or sustained inflation, interest rate volatility, increased tariffs or other events beyond our control on the overall economy which may reduce demand for our products and services; geopolitical events and conflicts; adverse impacts to our business and those of our customers and suppliers, including due to supply chain disruptions, component shortages, and associated logistics expense increases; our ability as an organization to successfully acquire, integrate or partner with other companies, products or technologies in a successful manner such as our partnership efforts with Eaton Corporation; our dependence on widespread acceptance and adoption of EVs, including any delays or modifications to auto manufacturers' plans and strategies to transition to predominately manufacture EVs and any corresponding decreased demand for installation of charging stations; our current dependence on sales of charging stations for the majority of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental policies, rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; our ability, and our reliance on our customers, to successfully implement, construct and manage state, federal and local charging infrastructure programs in accordance with the respective terms of such program in order to validly secure and obtain awarded funding and win additional grant opportunities; our reliance on contract manufacturers, including those located outside the United States, may result in supply chain interruptions, delays and expense increases which may adversely affect our sales, revenue and gross margins; our ability to expand our operations and market share in Europe; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins due to delays and costs associated with new product introductions, such as our new AC and Express DC fast charging product architectures, inventory obsolescence, component shortages and related expense increases; the ability or success of our new AC and Express DC fast charging product architectures to result in an increased demand for charging products by commercial, residential and fleet charging customers; adverse impact to our revenues and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on December 5, 2025, which is available on our website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

Use of Non-GAAP Financial Measures

ChargePoint has provided financial information in this press release that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). ChargePoint uses these non-GAAP financial measures internally in analyzing its financial results. ChargePoint believes that the use of these non-GAAP financial measures is useful to investors to evaluate ongoing operating results and trends and believes they provide meaningful supplemental information to investors regarding ChargePoint’s underlying operating performance because they exclude items ChargePoint believes are unrelated to, and may not be indicative of, its core operating results.

The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with ChargePoint’s consolidated financial statements prepared in accordance with GAAP. A reconciliation of ChargePoint’s historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.

Non-GAAP Gross Profit (Gross Margin). ChargePoint defines non-GAAP gross profit as gross profit excluding stock-based compensation expense, amortization expense of acquired intangible assets and restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs. Non-GAAP gross margin is non-GAAP gross profit as a percentage of revenue.

Non-GAAP Cost of Revenue and Operating Expenses (includes Non-GAAP research and development, Non-GAAP sales and marketing and Non-GAAP general and administrative). ChargePoint defines non-GAAP cost of revenue and operating expenses as cost of revenue and operating expenses excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees.

Non-GAAP Net Loss. ChargePoint defines non-GAAP net loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees. These amounts reflect the impact of any related tax effects. Non-GAAP pre-tax net loss is non-GAAP net loss adjusted for provision for income taxes.

Non-GAAP Adjusted EBITDA Loss. ChargePoint defines non-GAAP adjusted EBITDA loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees, and further adjusted for gain on debt exchange, provision of income taxes, depreciation, interest income and expense, and other income and expense (net).

Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures to analyze financial results and trends. In particular, many of the adjustments to ChargePoint’s GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in its financial results for the foreseeable future, such as stock-based compensation, which is an important part of ChargePoint’s employees’ compensation and impacts hiring, retention and performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that ChargePoint excludes in its calculation of non-GAAP financial measures may differ from the components that other companies exclude when they report their non-GAAP results. In the future, ChargePoint may also exclude other expenses it determines do not reflect the performance of ChargePoint’s operating results.

CHPT-IR

ChargePoint Holdings, Inc.

PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts; unaudited)

Three Months Ended

Twelve Months Ended

January 31,

January 31,

2026

2025

2026

2025

Revenue

Networked Charging Systems

$

57,645

$

52,620

$

216,514

$

234,802

Subscriptions

42,467

38,272

162,387

144,325

Other

9,208

10,997

32,323

37,956

Total revenue

109,320

101,889

411,224

417,083

Cost of revenue

Networked Charging Systems

52,842

50,199

199,668

223,351

Subscriptions

15,325

17,406

61,875

71,218

Other

6,751

5,584

24,079

21,833

Total cost of revenue

74,918

73,189

285,622

316,402

Gross profit

34,402

28,700

125,602

100,681

Operating expenses

Research and development

34,608

30,415

139,272

141,276

Sales and marketing

24,995

24,514

100,720

130,890

General and administrative

27,785

28,720

95,748

81,514

Total operating expenses

87,388

83,649

335,740

353,680

Loss from operations

(52,986

)

(54,949

)

(210,138

)

(252,999

)

Gain on debt exchange

11,223

—

11,223

—

Interest income

1,096

1,417

4,488

8,347

Interest expense

(2,514

)

(2,167

)

(23,860

)

(24,653

)

Other income (expense), net

133

(2,299

)

2,138

(3,389

)

Net loss before income taxes

(43,048

)

(57,998

)

(216,149

)

(272,694

)

Provision for income taxes

1,370

805

4,048

4,372

Net loss

$

(44,418

)

$

(58,803

)

$

(220,197

)

$

(277,066

)

Net loss per share, basic and diluted

$

(1.85

)

$

(2.63

)

$

(9.41

)

$

(12.78

)

Weighted average shares outstanding, basic and diluted

23,968,503

22,379,156

23,408,373

21,674,490

ChargePoint Holdings, Inc.

PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, unaudited)

January 31, 2026

January 31, 2025

Assets

Current assets:

Cash and cash equivalents

$

141,564

$

224,571

Restricted cash

400

400

Accounts receivable, net

86,132

95,906

Inventories

214,903

209,262

Prepaid expenses and other current assets

19,028

36,435

Total current assets

462,027

566,574

Property and equipment, net

24,665

35,361

Intangible assets, net

60,534

66,175

Operating lease right-of-use assets

11,450

14,680

Goodwill

227,938

207,540

Other assets

5,631

7,845

Total assets

$

792,245

$

898,175

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

$

90,094

$

64,050

Accrued and other current liabilities

141,723

124,679

Deferred revenue

119,381

105,017

Debt, current

34,268

—

Total current liabilities

385,466

293,746

Deferred revenue, noncurrent

131,200

134,198

Debt, noncurrent

226,583

297,092

Operating lease liabilities

10,677

15,267

Deferred tax liabilities

13,038

12,036

Other long-term liabilities

3,982

8,365

Total liabilities

770,946

760,704

Stockholders' equity:

Common stock

2

2

Additional paid-in capital

2,128,764

2,054,340

Accumulated other comprehensive loss

4,168

(25,433

)

Accumulated deficit

(2,111,635

)

(1,891,438

)

Total stockholders' equity

21,299

137,471

Total liabilities and stockholders' equity

$

792,245

$

898,175

ChargePoint Holdings, Inc.

PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands, unaudited)

Twelve Months Ended

January 31,

2026

2025

Cash flows from operating activities

Net loss

$

(220,197

)

$

(277,066

)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

27,047

29,192

Non-cash operating lease cost

3,572

3,535

Stock-based compensation

64,694

75,651

Amortization of deferred contract acquisition costs

3,308

3,207

Paid-in-kind non-cash interest expense

20,076

9,099

Gain on debt exchange

(11,223

)

—

Foreign currency transaction (gain) loss

(3,740

)

2,589

Reserves and other

5,182

26,904

Changes in operating assets and liabilities:

Accounts receivable, net

12,886

17,371

Inventories

7,175

(17,048

)

Prepaid expenses and other assets

13,073

2,274

Accounts payable, operating lease liabilities, and accrued and other liabilities

7,921

(31,897

)

Deferred revenue

7,391

9,242

Net cash used in operating activities

(62,835

)

(146,947

)

Cash flows from investing activities

Purchases of property and equipment

(4,165

)

(12,073

)

Net cash used in investing activities

(4,165

)

(12,073

)

Cash flows from financing activities

Repayment of borrowings

(39,747

)

—

Debt issuance costs related to term loan

(4,562

)

—

Proceeds from the issuance of common stock under employee equity plans, net of tax withholding

1,888

10,507

Proceeds from issuance of common stock in connection with ATM offerings, net of issuance costs

—

10,214

Change in driver funds and amounts due to customers

22,477

7,817

Other financing activities

(59

)

—

Net cash (used in) provided by financing activities

(20,003

)

28,538

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

3,996

(2,357

)

Net decrease in cash, cash equivalents, and restricted cash

(83,007

)

(132,839

)

Cash, cash equivalents, and restricted cash at beginning of period

224,971

357,810

Cash, cash equivalents, and restricted cash at end of period

$

141,964

$

224,971

ChargePoint Holdings, Inc.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(In thousands, unaudited)

Three Months Ended

January 31, 2026

Three Months Ended

January 31, 2025

Twelve

Months Ended

January 31, 2026

Twelve

Months Ended

January 31, 2025

Cost of Revenue:

GAAP cost of revenue (as a percentage of revenue)

$

74,918

69

%

$

73,189

72

%

$

285,622

69

%

$

316,402

76

%

Stock-based compensation expense

(1,006

)

(1,233

)

(4,702

)

(5,102

)

Amortization of intangible assets

(806

)

(748

)

(3,171

)

(3,049

)

Restructuring costs (1)

—

—

—

(960

)

Non-GAAP cost of revenue (as a percentage of revenue)

$

73,106

67

%

$

71,208

70

%

$

277,749

68

%

$

307,291

74

%

Gross Profit:

GAAP gross profit (gross margin as a percentage of revenue)

$

34,402

31

%

$

28,700

28

%

$

125,602

31

%

$

100,681

24

%

Stock-based compensation expense

1,006

1,233

4,702

5,102

Amortization of intangible assets

806

748

3,171

3,049

Restructuring costs (1)

—

—

—

960

Non-GAAP gross profit (gross margin as a percentage of revenue)

$

36,214

33

%

$

30,681

30

%

$

133,475

32

%

$

109,792

26

%

Operating Expenses:

GAAP research and development (as a percentage of revenue)

$

34,608

32

%

$

30,415

30

%

$

139,272

34

%

$

141,276

34

%

Stock-based compensation expense

(5,833

)

(8,186

)

(31,161

)

(37,050

)

Restructuring costs (1)

—

—

—

(2,867

)

Non-GAAP research and development (as a percentage of revenue)

$

28,775

26

%

$

22,229

22

%

$

108,111

26

%

$

101,359

24

%

GAAP sales and marketing (as a percentage of revenue)

$

24,995

23

%

$

24,514

24

%

$

100,720

24

%

$

130,890

31

%

Stock-based compensation expense

(2,557

)

(1,453

)

(11,058

)

(15,875

)

Amortization of intangible assets

(2,422

)

(2,207

)

(9,489

)

(9,036

)

Restructuring costs (1)

—

—

—

(5,067

)

Non-GAAP sales and marketing (as a percentage of revenue)

$

20,016

18

%

$

20,854

20

%

$

80,173

19

%

$

100,912

24

%

GAAP general and administrative (as a percentage of revenue)

$

27,785

25

%

$

28,720

28

%

$

95,748

23

%

$

81,514

20

%

Stock-based compensation expense

(3,764

)

(3,696

)

(17,773

)

(17,624

)

Restructuring costs (1)

—

—

—

(933

)

Other adjustments (2)

(14,962

)

(16,085

)

(35,698

)

(21,814

)

Non-GAAP general and administrative (as a percentage of revenue)

$

9,059

8

%

$

8,939

9

%

$

42,277

10

%

$

41,143

10

%

GAAP Operating Expenses (as a percentage of revenue)

$

87,388

80

%

$

83,649

82

%

$

335,740

82

%

$

353,680

85

%

Stock-based compensation expense

(12,154

)

(13,335

)

(59,992

)

(70,549

)

Amortization of intangible assets

(2,422

)

(2,207

)

(9,489

)

(9,036

)

Restructuring costs (1)

—

—

—

(8,867

)

Other adjustments (2)

(14,962

)

(16,085

)

(35,698

)

(21,814

)

Non-GAAP Operating Expenses (as a percentage of revenue)

$

57,850

53

%

$

52,022

51

%

$

230,561

56

%

$

243,414

58

%

Net Loss:

GAAP net loss (as a percentage of revenue)

$

(44,418

)

(41

)%

$

(58,803

)

(58

)%

$

(220,197

)

(54

)%

$

(277,066

)

(66

)%

Stock-based compensation expense

13,160

14,568

64,694

75,651

Amortization of intangible assets

3,228

2,955

12,660

12,085

Restructuring costs (1)

—

—

—

9,827

Other adjustments (2)

14,962

16,085

35,698

21,814

Non-GAAP net loss (as a percentage of revenue)

$

(13,068

)

(12

)%

$

(25,195

)

(25

)%

$

(107,145

)

(26

)%

$

(157,689

)

(38

)%

Provision for income taxes

1,370

805

4,048

4,372

Non-GAAP pre-tax net loss (as a percentage of revenue)

$

(11,698

)

(11

)%

$

(24,390

)

(24

)%

$

(103,097

)

(25

)%

$

(153,317

)

(37

)%

Depreciation

3,250

4,032

14,387

17,107

Gain on debt exchange

(11,223

)

—

(11,223

)

—

Interest income

(1,096

)

(1,417

)

(4,488

)

(8,347

)

Interest expense

2,514

2,167

23,860

24,653

Other expense (income), net

(133

)

2,299

(2,138

)

3,389

Non-GAAP Adjusted EBITDA Loss (as a percentage of revenue)

$

(18,386

)

(17

)%

$

(17,309

)

(17

)%

$

(82,699

)

(20

)%

$

(116,515

)

(28

)%

(1)

Consists of restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs.

(2)

Consists of non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260304399865/en/
Investor Relations

investors@chargepoint.com

Press

John Paolo Canton

Vice President, Communications

JP.Canton@chargepoint.com

AJ Gosselin

Director, Corporate Communications

AJ.Gosselin@chargepoint.com

media@chargepoint.com

Original: ChargePoint Reports Fourth Quarter and Full Fiscal Year 2026 Financial Results