ChargePoint Holdings, Inc.
10.68-0.17 (-1.57%)
Oct 29, 4:00:02 PM EDT · NYSE · CHPT · USD
Key Stats
Market Cap
249.41MP/E (TTM)
-Basic EPS (TTM)
-11.53Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
ChargePoint's Q2 FY2026 revenue dipped 9.2% y/y to $98.6M, with Networked Charging Systems down 21.4% y/y to $50.4M amid softer hardware demand, yet subscriptions rose 10.2% y/y to $39.9M, lifting gross margin to 31.2% from 23.6%. Operating loss narrowed to $59.0M from $62.7M y/y, while net loss improved to $66.2M or $2.85 per diluted share from $68.9M or $3.22, reconciling to 23.2M weighted shares. YTD revenue fell 8.9% y/y to $196.2M, with gross profit up 19.3% to $58.7M and free cash flow at -$41.5M (derived from $39.1M operating outflow minus $2.4M capex), better than last year's -$121.0M. Cash stood at $194.1M against $309.4M noncurrent debt (2028 convertible notes at ~10% effective rate, maturing April 2028), with $150M revolver fully available under liquidity covenants. No material M&A this quarter. Ongoing securities litigation poses reputational risks.
8-K
ChargePoint Q2 results
ChargePoint reported Q2 fiscal 2026 revenue of $98.6 million, down 9% year-over-year, yet GAAP gross margin climbed to 31% from 24%, fueled by 10% subscription revenue growth to $39.9 million. The company operationalized its Eaton partnership, launching a modular Express DC fast charger that cuts investment by 30% and operational costs similarly, while introducing Safeguard Care inspections. Non-GAAP adjusted EBITDA loss narrowed 35% to $22.1 million. Q3 revenue guidance: $90-100 million. Supply chain disruptions pose risks.
8-K
Reverse stock split executed
ChargePoint Holdings executed a one-for-twenty reverse stock split on July 28, 2025, consolidating outstanding common shares while keeping authorized shares at 1,000,000,000. Approved by stockholders on July 8 and filed with Delaware on July 25, the move adjusted equity awards, warrants, and convertible notes proportionately, with fractional shares cashed out. Trading resumed on NYSE under CHPT with a new CUSIP. This boosts per-share price to meet exchange rules.
8-K
Reverse split for NYSE compliance
ChargePoint's board approved a 1-for-20 reverse stock split on July 9, 2025, effective July 28, to boost its share price and regain NYSE compliance after falling below $1.00 since February. This slashes outstanding shares from 467,118,934 to 23,355,946, preserving ownership percentages while adjusting options, warrants, and notes proportionally; fractional shares get cashed out. No rights change. Yet stockholders rejected a corporate opportunity waiver.
10-Q
Q1 FY2026 results
ChargePoint's Q1 FY2026 revenue dipped 8.8% y/y to $97.6M, with networked charging systems down 20.4% y/y to $52.1M amid lower deliveries, yet subscriptions rose 13.7% y/y to $38.0M, lifting gross profit 18.5% y/y to $28.0M and gross margin to 28.7% from 22.1%. Operating loss narrowed to $53.8M from $67.1M y/y, driven by 7.1% lower R&D and 25.2% reduced sales and marketing expenses post-reorganizations, while net loss improved to $57.1M or $(0.12) per diluted share from $71.8M or $(0.17), reconciling with 459M weighted shares. Cash burned $33.0M in operations, leaving $196M in cash equivalents against $308M in 2028 convertible notes (7-8.5% rate, due 2028) and $150M revolver availability under liquidity covenants. Goodwill climbed to $221M from FX gains, no M&A noted. Subscriptions mix the bright spot.
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