ChargePoint Holdings Inc (CHPT)

$Chargepoint Holdings Inc  They can keep gas prices elevated all they want. All this does is increase consumer demand for electric cars!

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
Head of 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 First Quarter Fiscal Year 2027 Financial Results

ChargePoint Announces Inducement Grants Under NYSE Listed Company Manual Section 303A.08June 1, 2026 4:15 PM
Business Wire ChargePoint (NYSE: CHPT), a global leader in electric vehicle (EV) charging solutions, today announced that it granted inducement awards consisting of restricted stock units covering an aggregate of 196,439 shares of its common stock to two new non-executive employees on June 1, 2026. The awards were granted as material inducements to employment in accordance with NYSE Listed Company Manual Section 303A.08. The restricted stock units vest over four years, with 25% of the award vesting on the first anniversary of the applicable vesting commencement date and the remaining 75% vesting in equal quarterly installments thereafter, subject to the employee’s continued service through each applicable vesting date. The employment inducement awards were granted under the ChargePoint Holdings, Inc. 2026 Inducement Plan and related form of restricted stock unit agreement in reliance on the employment inducement exception to stockholder approval provided under Section 303A.08 of the NYSE Listed Company Manual. ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. About ChargePoint Holdings, Inc. 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. CHPT-IR View source version on businesswire.com: https://www.businesswire.com/news/home/20260601586931/en/ ChargePoint
John Paolo Canton
Vice President, Global Communications
JP.Canton@chargepoint.com AJ Gosselin
Director, Corporate Communications
AJ.Gosselin@chargepoint.com
media@chargepoint.com Patrick Lengenfelder
European Communications Manager
Patrick.lengenfelder@chargepoint.com Original: ChargePoint Announces Inducement Grants Under NYSE Listed Company Manual Section 303A.08

ChargePoint to Announce First Quarter Fiscal Year 2027 Financial Results on June 3, 2026May 14, 2026 4:15 PM
Business Wire ChargePoint Holdings, Inc. (NYSE: CHPT) (“ChargePoint” or the “Company”), a leading provider of EV charging solutions, today announced it will release financial results for the first quarter of fiscal year 2027, which ended April 30, 2026, on June 3, 2026. ChargePoint will host a conference call to review the Company’s financial results at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day. 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 also be available on ChargePoint’s investor relations website prior to the commencement of the webcast. About ChargePoint Holdings, Inc. 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. CHPT-IR View source version on businesswire.com: https://www.businesswire.com/news/home/20260514217357/en/ Investor Relations
Audrey Dion
Head of Investor Relations
investors@chargepoint.com Press
John Paolo Canton
Vice President, Global Communications
JP.Canton@chargepoint.com AJ Gosselin
Director, Corporate Communications
AJ.Gosselin@chargepoint.com
media@chargepoint.com Original: ChargePoint to Announce First Quarter Fiscal Year 2027 Financial Results on June 3, 2026

A 600 KW beast

https://www.motortrend.com/news/first-look-chargepoint-express-solo-600-kw-dc-fast-charger

"ChargePoint operates more EV charging stations in North America than any other company, with approximately 45,000 locations..."

Looks like a long, slow climb toward eventual profitability.

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