ChargePoint Reports Fourth Quarter and Full Fiscal Year 2026 Financial Results
March 17, 2026
- Fourth quarter fiscal 2026 revenue grew 7% year-over-year to $109 million, at the top end of the guidance range; full fiscal year revenue was $411 million
- Fourth quarter fiscal 2026 subscription revenue grew 11% year-over-year to $42 million; full fiscal year subscription revenue grew 13% year-over-year to $162 million
- Fourth quarter fiscal 2026 GAAP gross margin was 31% and non-GAAP gross margin was 33%; full fiscal year GAAP gross margin was 31% and non-GAAP gross margin was 32%
ChargePoint Holdings, Inc. (NYSE:CHPT) (“ChargePoint”), a global leader in electric vehicle (EV) charging solutions, recently reported results for its fourth quarter of fiscal year 2026 ended January 31, 2026.
“Fiscal year 2026 marked an important inflection point for ChargePoint,” said Rick Wilmer, President and Chief Executive Officer of ChargePoint. “In the fourth quarter we continued to strengthen our operational foundation, manage the business with discipline, and deliver innovation that matters to our customers. While the broader market remains dynamic, our focus on execution, efficiency, and strategic partnerships positions us well as charging demand continues to grow. We made meaningful operational progress over the past year and are committed to building on that momentum. ChargePoint is creating a more resilient company and remains focused on delivering long‑term value for our customers, partners, and shareholders.”
Fourth Quarter Fiscal 2026 Financial Overview
- Revenue. Fourth quarter revenue was $109.3 million, up 7% from $101.9 million in the prior year’s same quarter. Networked charging systems revenue for the fourth quarter was $57.6 million, up 10% from $52.6 million in the prior year’s same quarter. Subscription revenue was $42.5 million, up 11% from $38.3 million in the prior year’s same quarter.
- Gross Margin. Fourth quarter GAAP gross margin was 31% as compared to 28% in the prior year’s same quarter, and non-GAAP gross margin was 33% as compared to 30% in the prior year’s same quarter primarily due to subscription revenue growth as a percentage of total revenue and improvement in subscription margins.
- Operating Expenses. Fourth quarter GAAP operating expenses were $87.4 million, up 4% from $83.6 million in the prior year’s same quarter. Non-GAAP operating expenses were $57.9 million, up 11% from $52.0 million in the prior year’s same quarter.
- Net Income/Loss. Fourth quarter GAAP net loss was $44.4 million, down 24% from $58.8 million in the prior year’s same quarter. Additionally, non-GAAP pre-tax net loss was $11.7 million, down 52% from $24.4 million in the prior year’s same quarter and non-GAAP adjusted EBITDA loss was $18.4 million, up 6% from $17.3 million in the prior year’s same quarter.
- Liquidity. As of January 31, 2026, cash and cash equivalents on the balance sheet was $141.6 million.
- Shares Outstanding. As of January 31, 2026, ChargePoint had approximately 24 million shares of common stock outstanding.
Full Fiscal 2026 Financial Overview
- Revenue. For the full year, revenue was $411.2 million, down 1% from $417.1 million in the prior year. Networked charging systems revenue for the full year was $216.5 million, down 8% from $234.8 million in the prior year, and subscription revenue was $162.4 million, up 13% from $144.3 million in the prior year.
- Gross Margin. Full year GAAP gross margin was 31% up from 24% in the prior year. Full year non-GAAP gross margin was 32% up from 26% in the prior year.
- Operating Expenses. Full year GAAP operating expenses were $335.7 million, down 5% from $353.7 million in the prior year. Non-GAAP operating expenses were $230.6 million, down 5% from $243.4 million in the prior year.
- Net Income/Loss. Full year GAAP net loss was $220.2 million down from $277.1 million in the prior year. Full year non-GAAP pre-tax net loss was $103.1 million down from $153.3 million in the prior year. Non-GAAP Adjusted EBITDA Loss was $82.7 million down from $116.5 million in the prior year.
For reconciliation of GAAP and non-GAAP results, please see the tables below.
Business Highlights
- ChargePoint appointed Jaser Faruq as Chief Product and Software Officer, leading global product management and software development.
- ChargePoint and RAW Charging, a leading charge point operator in the UK, established a multi-year partnership with an initial commitment from RAW Charging valued at $7.5 million.
- ChargePoint and Ford Pro announced a new collaboration to offer specialized home, depot, and workplace EV charging solutions for Ford Pro’s commercial fleet customers in Germany and the UK.
First Quarter of Fiscal 2027 Guidance
For the first fiscal quarter ending April 30, 2026, ChargePoint expects revenue of $90 million to $100 million.
Conference Call Information
ChargePoint will host a webcast today at 1:30 p.m. Pacific / 4:30 p.m. Eastern to review its fourth quarter and full fiscal year 2026 financial results.
A live webcast of the conference call will be available at https://events.q4inc.com/attendee/850090218. Participants can also access the conference call by dialing +1 (800) 715-9871 (North America toll free) or + 1 (646) 307-1963 (international) and Conference ID 1744120. A replay will be available after the conclusion of the webcast and archived for one year. A copy of this press release with the financial results and supplemental financial information will be also available on ChargePoint’s investor relations website (investors.chargepoint.com).
About ChargePoint Holdings, Inc.
ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.37 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 21 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation.
More Information
For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office.
