10-Q - ChargePoint Holdings, Inc. (0001777393) (Filer)

Fri, Jun 6, 9:02 PM (12 days ago)

### ChargePoint Holdings, Inc. (CHPT) Q1 2025 Financial Summary **Revenue:** - **Total Revenue:** $97.6 million, down 21.8% YoY. - **Networked Charging Systems:** $52.1 million, down 20.4% YoY. - **Subscriptions:** $38.0 million, up 13.7% YoY. - **Other Revenue:** $7.5 million, down 8.1% YoY. **Profit Margins:** - **Gross Profit:** $28.0 million, up 18.5% YoY. - **Gross Margin:** 28.7%, up 6.6% YoY. **Operating Expenses:** - **Research & Development:** $33.5 million, down 7.1% YoY. - **Sales & Marketing:** $26.2 million, down 25.2% YoY. - **General & Administrative:** $22.1 million, up 12.3% YoY. **Net Loss:** - **Net Loss:** $57.1 million, down 19.8% YoY. - **Net Loss Margin:** 58.5%, down 1.3% YoY. **Cash Flow:** - **Net Cash Used in Operating Activities:** $33.0 million, down 46.8% YoY. - **Net Cash Used in Investing Activities:** $1.1 million, down 67.0% YoY. - **Net Cash Provided by Financing Activities:** $2.4 million, up 130.9% YoY. **Liquidity:** - **Cash & Cash Equivalents:** $196.3 million, down 12.8% YoY. - **Restricted Cash:** $0.4 million, unchanged YoY. **Debt:** - **2028 Convertible Notes:** $307.8 million, up 3.6% YoY. - **2027 Revolving Credit Facility:** No borrowings outstanding. **Stock:** - **Outstanding Shares:** 461.6 million, up 1.2% YoY. - **ATM Facility:** $151.2 million of shares available for sale. **Future Outlook:** - **Revenue Growth:** Dependent on EV adoption and market conditions. - **Operating Expenses:** Expected to decrease as a percentage of revenue. - **Cash Flow:** Negative cash flow from operations expected to continue. - **Debt:** Potential for additional debt financing to support growth. **Trends & Uncertainties:** - **EV Market:** Growth tied to EV sales and infrastructure demand. - **Macroeconomic Trends:** Inflation, interest rates, and geopolitical factors impact demand. - **Competition:** Intense competition and technological changes. - **Regulatory:** Government mandates and incentives affect market dynamics. **Future Operations Impact:** - **Growth:** Continued investment in R&D and market expansion. - **Profitability:** Dependent on cost optimization and revenue growth. - **Liquidity:** Adequate cash on hand for the next 12 months. **Conclusion:** ChargePoint Holdings, Inc. (CHPT) reported a mixed Q1 2025, with revenue declining but gross margins improving. The company continues to invest in growth and faces uncertainties in the EV market and macroeconomic trends. Despite challenges, ChargePoint remains focused on expanding its market share and optimizing operations.