Quarterly ResultJun 8, 2026, 05:31 PM
ChargePoint Q1 Revenue Rises to $101.8M; Net Loss Narrows
AI Summary
ChargePoint Holdings, Inc. reported its first-quarter financial results for the period ending April 30, 2026. The company saw an increase in total revenue to $101.8 million, up from $97.6 million in the prior year, driven by Networked Charging Systems and Subscriptions. Despite a reduction in net loss to $43.2 million from $57.1 million, the company's cash and cash equivalents decreased significantly to $95.8 million from $141.6 million.
Key Highlights
- ChargePoint Holdings, Inc. reported a net loss of $43.2 million for the three months ended April 30, 2026, compared to a net loss of $57.1 million in the prior year.
- Total revenue for the three months ended April 30, 2026, was $101.8 million, an increase from $97.6 million in the same period last year.
- Networked Charging Systems revenue was $53.3 million, and Subscriptions revenue was $40.8 million for the three months ended April 30, 2026.
- Gross profit increased to $29.6 million for the three months ended April 30, 2026, from $28.0 million in the prior year.
- Operating expenses decreased to $76.8 million for the three months ended April 30, 2026, from $81.8 million in the prior year.
- Cash and cash equivalents decreased to $95.8 million as of April 30, 2026, from $141.6 million as of January 31, 2026.
- Inventories decreased to $203.6 million as of April 30, 2026, from $214.9 million as of January 31, 2026.
Price Impact
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