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CAMPBELL, Calif. - ChargePoint Holdings, Inc. (NYSE:CHPT), a leading provider of networked EV charging solutions, saw its shares rise 6.8% after reporting fourth quarter fiscal 2025 results that beat revenue expectations and provided guidance largely in line with analyst estimates.
The company reported Q4 revenue of $102 million, surpassing the consensus estimate of $101.04 million. Adjusted earnings per share came in at -$0.14, matching analyst expectations. Revenue for the quarter declined 12% YoY, while subscription revenue grew 14% to $38.3 million.
For the first quarter of fiscal 2026, ChargePoint expects revenue between $95 million and $105 million, compared to the analyst consensus of $102.1 million.
"We delivered significant sequential improvement in cash usage throughout fiscal 2025," said Mansi Khetani, CFO of ChargePoint. "Cash used for operating activities, a close proxy for our total cash consumption, declined significantly to $3 million in the fourth quarter, down from $31 million in the third quarter."
The company’s Q4 GAAP gross margin improved to 28% from 19% in the same quarter last year, while non-GAAP gross margin rose to 30% from 22%. Operating expenses saw substantial reductions, with GAAP operating expenses down 27% YoY to $83.6 million and non-GAAP operating expenses down 30% to $52 million.
For the full fiscal year 2025, ChargePoint reported revenue of $417.1 million, an 18% decrease from the previous year. However, subscription revenue for the year grew 20% to $144.3 million.
The company ended the fiscal year with $225 million in cash and cash equivalents, with its $150 million revolving credit facility remaining undrawn and no debt maturities until 2028.
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