ChargePoint (CHPT) investor relations material

Executive summary

• Revenue for the quarter ended July 31, 2025, was $98.6 million, at the top end of guidance but down 9–10% year-over-year, with a net loss of $66.2 million, reflecting ongoing challenges in the EV charging market.

• Non-GAAP gross margin reached a record 33%, up from 26%–31% year-over-year, driven by tariff mitigation, product mix, and higher subscription revenue.

• Non-GAAP adjusted EBITDA loss improved to $22.1 million, down from $34.1 million a year ago, with operational focus on cash management and margin expansion.

• Cash and cash equivalents stood at $194.5 million at quarter-end, nearly flat sequentially, with strong cash management and reduced cash burn.

• A 1-for-20 reverse stock split was completed on July 28, 2025, to maintain NYSE listing compliance.

Financial highlights

• Revenue for Q2 FY26 was $98.6 million, down from $108.5 million year-over-year.

• Subscription revenue grew 10% year-over-year to $39.9 million, while networked charging systems revenue declined 21% to $50.4 million.

• Non-GAAP operating expenses decreased 12% year-over-year to $58.6 million; GAAP operating expenses were $89.7 million.

• Gross profit increased to $30.7 million, with GAAP gross margin rising to 31%–31.2% from 24% year-over-year.

• Cash usage from operations for the six months ended July 31, 2025, was $39.1 million, a significant improvement from $113.7 million in the prior year.

Outlook and guidance

• Q3 FY26 revenue guidance is $90 million to $100 million, with management expecting continued variability in revenue growth due to market demand and macroeconomic factors.

• Non-GAAP adjusted EBITDA breakeven is now expected beyond this year to allow continued investment in innovation and commercialization.

• Cash on hand and customer sales are expected to meet working capital needs for at least the next twelve months.

• The company anticipates ongoing net losses and negative cash flows from operations in the near term.