ChargePoint (CHPT) investor relations material

Executive summary

• Q1 FY27 revenue reached $101.8 million, up 4% year-over-year and surpassing guidance, driven by growth in networked charging systems and subscriptions.

• Net loss narrowed to $43.2 million from $57.1 million year-over-year, reflecting improved cost management and restructuring benefits.

• Non-GAAP adjusted EBITDA loss improved to $19.2 million (19% of revenue), down from $22.8 million (23% of revenue) year-over-year.

• Major product launches, including Express Solo, and AI integration are driving operational improvements and customer value.

• Strengthened leadership with the appointment of a new Chief Marketing and Growth Officer.

Financial highlights

• Networked charging systems revenue was $53.3 million, up 2% year-over-year; subscription revenue grew 7% to $40.8 million.

• GAAP gross margin was 29% (up from 28.7% year-over-year); non-GAAP gross margin increased to 32% from 31% year-over-year.

• GAAP operating expenses decreased 6% year-over-year to $76.8 million; non-GAAP operating expenses fell 4% to $54.4 million (53% of revenue).

• Cash and cash equivalents at quarter-end were $95.8 million.

• Non-GAAP net loss improved by 39% year-over-year to $18.3 million.

Outlook and guidance

• Q2 FY27 revenue guidance is $100 million to $110 million, representing 7% year-over-year growth at midpoint.

• Focus remains on continued revenue growth, improving operating leverage, and accelerating path to profitability.

• Management expects continued net losses and negative cash flows for the foreseeable future, but cash on hand and customer sales are expected to cover needs for at least the next 12 months.