Loading...
•
Oct 31, 2024
ChargePoint Q3 2025 Earnings Report
ChargePoint's Q3 2025 financial results were reported, highlighting a decrease in revenue but improvements in gross margin and operating expense reduction.
Key Takeaways
ChargePoint reported Q3 fiscal year 2025 revenue of $99.6 million, a 10% decrease year-over-year. However, the company saw improvements in GAAP and non-GAAP gross margins, as well as reductions in GAAP and non-GAAP operating expenses. The company guides to fourth quarter fiscal 2025 revenue of $95 million to $105 million.
Third quarter revenue reached $99.6 million.
GAAP gross margin was 23%, and non-GAAP gross margin was 26%.
Subscription revenue amounted to $36.4 million, reflecting a 19% year-over-year increase.
GAAP operating expenses decreased by 30% year-over-year.
ChargePoint
ChargePoint
ChargePoint Revenue by Segment
Revenue by Segment
Networked Charging Systems Revenue
CapyFin.comSubscriptions Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
ChargePoint anticipates revenue between $95 million and $105 million for the fourth fiscal quarter ending January 31, 2025. The Company is concentrating on returning to growth and streamlining operations to continue on its path to positive non-GAAP Adjusted EBITDA, which is targeted for a quarter in fiscal year 2026.
Positive Outlook
- Focus on returning to growth
- Streamlining operations
- Targeting positive non-GAAP Adjusted EBITDA in fiscal year 2026
- Record EV sales in the industry
- Network utilization driving the need for more charging infrastructure
Challenges Ahead
- Macroeconomic trends may reduce demand
- Supply chain disruptions
- Component shortages
- Dependence on widespread acceptance and adoption of EVs
- Risk of undetected defects or errors in technology
Revenue & Expenses
Visualization of income flow from segment revenue to net income