ChargePoint(NYSE) CHPT

ChargePoint Holdings, Inc. makes equipment and software to charge electric vehicles. It helps businesses and homeowners provide power for cars. These tools let drivers find and pay for charging sessions.

Hardware and Software Mix

• Networked Charging Systems: Charging hardware for residential, commercial, and fleet use; accounted for 54.2% of revenue in the three-month period ended July 31, 2026.
• Subscriptions: Cloud software platform access, maintenance plans, and bundled service packages; accounted for 37.6% of revenue in the three-month period ended July 31, 2026.
• Other Revenue: Transaction fees from charging sessions and professional site support; accounted for 8.1% of revenue in the three-month period ended July 31, 2026.

Trimming the Sails

• Exchanged $328.6 million of debt for a new $186.5 million credit agreement in November 2025.
• Reorganized internal operations in March and July 2026 to reduce payroll and facility costs.
• Established a new sales agreement in late 2025 to potentially raise $150.0 million through stock sales.

Building a Full Stack

ChargePoint uses a full-stack model that combines physical charging hardware with cloud-based management software. The company partners with third-party manufacturers to control research and development costs while maintaining a broad product line.

Looking at the Numbers

• Networked Charging Systems revenue was $62.9 million in the three-month period ended July 31, 2026, up 24.8% year over year.
• Gross margin reached 36.4% in the three-month period ended July 31, 2026, up from 31.2% year over year.
• Net loss totaled $78.8 million during the six-month period ended July 31, 2026.
• Cash, cash equivalents, and restricted cash totaled $95.7 million as of July 31, 2026.
• Accumulated deficit was $2.2 billion as of July 31, 2026.

Bottom Line

ChargePoint has transformed from a startup into a major operator of networked electric vehicle infrastructure. It is currently focused on streamlining its operations and reducing debt to improve its financial health.