ChargePoint (CHPT) Q4 2025 earnings summary

Executive summary

• Q4 FY25 revenue ranged from $102M to $116M, with full-year revenue at $417M, down from $507M in FY24.

• Net loss for Q4 FY25 was $64.6M, a significant improvement from $94.7M in Q4 FY24; full-year net loss was $282.9M, down from $457.6M.

• Subscription revenue grew 14% in Q4 and 20% for the full year, offsetting declines in networked charging systems.

• Significant reductions in operating expenses and cash usage, with Q4 operating cash outflow at $3M, down from $31M in Q3.

• Announced partnership with GM Energy to open ultra-fast charging locations and launched anti-vandalism technology.

Financial highlights

• Q4 revenue: $102M–$116M; Q4 subscription revenue: $38M–$38.3M; networked charging systems: $52M–$52.6M.

• Q4 non-GAAP gross margin: 28%–30%, up from 19%–22% YoY; GAAP gross margin: 25%–28%.

• Q4 non-GAAP OpEx: $52M, down 30% YoY; Q4 non-GAAP adjusted EBITDA loss: $17.3M, improved from $45.3M YoY.

• Cash and equivalents at year-end: $224.6M–$225M; cash used in operations for FY25: $146.9M–$147M, down from $328.9M–$329M.

• Inventory reduced by $13M to $209M.

Outlook and guidance

• Q1 FY26 revenue guidance: $95M–$105M.

• Targeting positive non-GAAP adjusted EBITDA for a quarter in FY26.

• Expect continued improvement in adjusted EBITDA loss and further gross margin gains in the second half of FY26.