“Revenue for the third quarter was $100 million, above our guidance range of $85 million to $95 million.”
— Rick Wilmer, Chief Executive Officer
03Detailed Report
CHPT
Company CHPT
Period
Q3 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 21, 2026
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Executive Summary
ChargePoint reported Q3 FY2025 revenue of $100.0 million, topping the guided range of $85-95 million and marking a tangible step in operating discipline as management executes the three-year strategic plan. Non-GAAP gross margins remained steady at 26%, with operating expenses down to $59 million, contributing to a fourth consecutive quarter of improved non-GAAP adjusted EBITDA losses (-$29 million) and a reduced cash burn of $24 million for the quarter. The quarter featured meaningful progress in strategic partnerships and portfolio expansion, including deployments with General Motors, the Port of Stockton, SIXT USA, Energy Efficiency Pros, and IKEA, underscoring ChargePoint’s software-first and hardware-accelerated growth model. Net cash outflow improved versus earlier in the year, and the balance sheet remains liquid with $219.4 million in cash and undrawn liquidity of $150 million via a revolving credit facility, while debt maturities are not due until 2028.
Key Performance Indicators
Revenue
Decreasing
99.61M
QoQ: -8.22% | YoY: -9.68%
Gross Profit
Increasing
22.79M
22.87% margin
QoQ: -10.94% | YoY: 195.16%
Operating Income
Increasing
-68.17M
QoQ: -8.64% | YoY: 55.67%
Net Income
Increasing
-77.59M
QoQ: -12.65% | YoY: 50.96%
EPS
Increasing
0.32
QoQ: 300.00% | YoY: 176.19%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $99.612 million in Q3 2025, YoY -9.68%, QoQ -8.22%. Gross profit: $22.786 million; gross margin 22.87%, YoY +195.16%, QoQ -10.94%. Operating income: -$68.166 million; operating margin -68.43%. EBITDA: -$59.455 million. Net income: -$77.590 million; net income margin -77.89%. Non-GAAP adjusted EBITDA: -$29.0 million (fourth straight quarterly improvement). Cash flow: net cash provided by operating activities -$30.559 million; free cash flow -$33.394 million. Balance sheet: total assets $966.338 million; total liabilities $785.357 million; total stockholders’ equity $180.981 million; cash and cash equivalents $219.409 million; total debt $320.004 million; net debt $96.02 million (cash net of debt). Revenue mix: Networked charging systems $53.0 million (53% of revenue); Subscriptions $36.0 million (37%); Other $11.0 million (10%). Geography: North America 83% of revenue, Europe 17%. Port count: >329,000 managed ports (YoY +20%). Inventory: down $7 million in the quarter; Operating expenses: $59 million (Q3 2025) versus $66 million in Q2 2025. Guidance: Q4 2025 revenue guided to $95-105 million. Key indicators suggest improving cost structure and continued demand for EV charging infrastructure despite macro/headwinds.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
99.61M
-9.68%
-8.22%
Gross Profit
22.79M
195.16%
-10.94%
Operating Income
-68.17M
55.67%
-8.64%
Net Income
-77.59M
50.96%
-12.65%
EPS
0.32
176.19%
300.00%
Key Financial Ratios
Gross Profit Margin
Fair
22.90%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Weak
-0.68%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-0.78%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
-0.08%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
-0.43%
Return on equity suggests inefficient capital allocation
Current Ratio
Healthy
1.94
Current ratio shows adequate liquidity to meet short-term obligations
Debt to Equity
Conservative
0.09
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Negative
-1.68x
Negative earnings make P/E ratio not meaningful
Price to Book
Fair Value
2.89x
Price-to-book ratio reasonable for profitable companies
Management Insights Available for Members
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