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Jul 31, 2024
ChargePoint Q2 2025 Earnings Report
ChargePoint's second quarter of fiscal year 2025 financial results were reported, with revenue within guidance and gross margin improving sequentially.
Key Takeaways
ChargePoint reported Q2 2025 revenue of $108.5 million, a 28% decrease year-over-year. GAAP gross margin was 24%, and non-GAAP gross margin was 26%. The company is implementing an action plan to reduce operating expenses, targeting positive non-GAAP Adjusted EBITDA during fiscal year 2026.
Second quarter fiscal 2025 revenue was $109 million.
GAAP gross margin was 24% and non-GAAP gross margin was 26%.
Subscription revenue was $36 million, representing 21% year over year growth.
ChargePoint anticipates $41 million reduction in annualized GAAP operating expenses and $38 million reduction in annualized non-GAAP operating expenses.
ChargePoint
ChargePoint
ChargePoint Revenue by Segment
Revenue by Segment
Networked Charging Systems Revenue
CapyFin.comSubscriptions Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
For the third fiscal quarter ending October 31, 2024, ChargePoint expects revenue of $85 million to $95 million. The Company is concentrating on returning to growth and streamlining operations to continue on its path to positive non-GAAP Adjusted EBITDA, which is now targeted during fiscal year 2026.
Revenue & Expenses
Visualization of income flow from segment revenue to net income