# ChargePoint Holdings, Inc. (CHPT) Q2 2026 Financial Results Summary
Released on September 3, 2025, ChargePoint Holdings, Inc. (NYSE: CHPT) has announced its financial results for the second quarter of fiscal year 2026, which ended on July 31, 2025. Below is a summary of the key financial metrics and business developments from the report.
### Financial Overview
– **Revenue**: $98.6 million
– Decreased by 9% from $108.5 million in Q2 2025.
– Breakdown:
– Networked Charging Systems revenue: $50.4 million (down 21% YoY from $64.1 million).
– Subscription revenue: $39.9 million (up 10% YoY from $36.2 million).
– **Gross Margin**:
– GAAP gross margin: 31%, increased from 24% YoY.
– Non-GAAP gross margin: 33%, increased from 26% YoY.
– Improvement attributed to growth in subscription revenue and subscription margins.
– **Operating Expenses**:
– GAAP operating expenses: $89.7 million, up 2% from $88.3 million YoY.
– Non-GAAP operating expenses: $58.6 million, down 12% from $66.4 million YoY.
– **Net Income/Loss**:
– GAAP net loss: $66.2 million, a decrease of 4% compared to a net loss of $68.9 million Y0Y.
– Non-GAAP pre-tax net loss: $31.9 million, down 26% from $43.0 million YoY.
– Non-GAAP adjusted EBITDA loss: $22.1 million, down 35% from $34.1 million YoY.
– **Liquidity**:
– Cash and cash equivalents: $194.5 million as of July 31, 2025.
– Unused revolving credit facility: $150.0 million.
– No debt maturities until 2028.
– **Shares Outstanding**: Approximately 23 million shares of common stock as of July 31, 2025.
### Business Highlights
– **Product Development**: ChargePoint announced a new modular Express DC fast charging architecture in collaboration with Eaton. The new architecture features:
– End-to-end power infrastructure.
– Vehicle-to-grid capabilities.
– Ability to operate at a 30% lower investment with a 30% smaller footprint and ongoing operational costs reduced by 30%.
– **Strategic Partnership**: The collaboration with Eaton has led to the operationalization of their go-to-market strategy, generating revenue from their first deals.
– **Service Offering**: Introduction of “Safeguard Care,” a service providing site hosts with regular inspections of their charging stations. Additionally, ChargePoint has started shipping conversion kits for its Omni Port adaptable charging solution.
### Guidance for Third Quarter FY 2026
– Expected revenue for Q3 FY 2026 ending October 31, 2025, is projected to be between $90 million and $100 million.
### Dividend and Share Repurchase
– There were no declarations of a quarterly dividend or share repurchase mentioned in the report.
### Summary of Percentage Changes
– **Revenue**:
– Total: Down 9% YoY.
– Networked Charging Systems: Down 21% YoY.
– Subscription: Up 10% YoY.
– **Gross Margin**:
– GAAP: Increased by 7% YoY.
– Non-GAAP: Increased by 7% YoY.
– **Operating Expenses**:
– GAAP: Increased by 2% YoY.
– Non-GAAP: Decreased by 12% YoY.
– **Net Loss**:
– GAAP: Decreased by 4% YoY.
– Non-GAAP Pre-tax: Decreased by 26% YoY.
– Non-GAAP Adjusted EBITDA: Decreased by 35% YoY.
This summary represents ChargePoint’s continued commitment to scaling their EV charging solutions, while also showing improvements in operational efficiency and gross margins in a competitive landscape.
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| July 31, 2025 | 2024 | July 31, 2025 | 2024 | |
| Revenue | ||||
| Networked Charging Systems | $50,421 | $64,146 | $102,480 | $129,520 |
| Subscriptions | $39,896 | $36,191 | $77,916 | $69,636 |
| Other | $8,273 | $8,202 | $15,834 | $16,426 |
| Total revenue | $98,590 | $108,539 | $196,230 | $215,582 |
| Cost of revenue | ||||
| Networked Charging Systems | $46,492 | $59,234 | $95,130 | $120,300 |
| Subscriptions | $15,534 | $18,558 | $30,900 | $36,300 |
| Other | $5,836 | $5,162 | $11,486 | $9,787 |
| Total cost of revenue | $67,862 | $82,954 | $137,516 | $166,387 |
| Gross profit | $30,728 | $25,585 | $58,714 | $49,195 |
| Operating expenses | ||||
| Research and development | $36,479 | $36,510 | $69,989 | $72,562 |
| Sales and marketing | $25,033 | $36,699 | $51,225 | $71,698 |
| General and administrative | $28,193 | $15,122 | $50,317 | $34,819 |
| Total operating expenses | $89,705 | $88,331 | $171,531 | $179,079 |
| Loss from operations | -$58,977 | -$62,746 | -$112,817 | -$129,884 |
| Interest income | $1,132 | $2,118 | $2,296 | $5,326 |
| Interest expense | -$6,849 | -$6,560 | -$13,285 | -$13,171 |
| Other income (expense), net | -$323 | -$38 | $2,290 | -$888 |
| Net loss before income taxes | -$65,017 | -$67,226 | -$121,516 | -$138,617 |
| Provision for income taxes | $1,162 | $1,648 | $1,784 | $2,056 |
| Net loss | -$66,179 | -$68,874 | -$123,300 | -$140,673 |
| Net loss per share, basic and diluted | -$2.85 | -$3.22 | -$5.34 | -$6.61 |
| Weighted average shares outstanding, basic and diluted | 23,196,534 | 21,376,634 | 23,076,430 | 21,271,738 |
| July 31, 2025 | January 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $194,123 | $224,571 |
| Restricted cash | $400 | $400 |
| Accounts receivable, net | $96,014 | $95,906 |
| Inventories | $212,407 | $209,262 |
| Prepaid expenses and other current assets | $30,481 | $36,435 |
| Total current assets | $533,425 | $566,574 |
| Property and equipment, net | $29,713 | $35,361 |
| Intangible assets, net | $65,130 | $66,175 |
| Operating lease right-of-use assets | $13,171 | $14,680 |
| Goodwill | $222,155 | $207,540 |
| Other assets | $6,660 | $7,845 |
| Total assets | $870,254 | $898,175 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $72,470 | $64,050 |
| Accrued and other current liabilities | $132,411 | $124,679 |
| Deferred revenue | $115,096 | $105,017 |
| Total current liabilities | $319,977 | $293,746 |
| Deferred revenue, noncurrent | $135,201 | $134,198 |
| Debt, noncurrent | $309,414 | $297,092 |
| Operating lease liabilities | $13,176 | $15,267 |
| Deferred tax liabilities | $12,308 | $12,036 |
| Other long-term liabilities | $9,463 | $8,365 |
| Total liabilities | $799,539 | $760,704 |
| Stockholders’ equity: | ||
| Common stock | $2 | $2 |
| Additional paid-in capital | $2,089,566 | $2,054,340 |
| Accumulated other comprehensive loss | -$4,115 | -$25,433 |
| Accumulated deficit | -$2,014,738 | -$1,891,438 |
| Total stockholders’ equity | $70,715 | $137,471 |
| Total liabilities and stockholders’ equity | $870,254 | $898,175 |
