ChargePoint Holdings Reports Decrease in Revenue and Net Loss for Fiscal Year Ended January 31, 2026

ChargePoint Holdings, Inc. reported a decrease in total revenue for the fiscal year ended January 31, 2026, with $411.2 million compared to $417.1 million in the previous fiscal year, a 1.4% decrease. Networked Charging Systems revenue experienced a decline, falling to $216.5 million from $234.8 million, a 7.8% decrease, attributed to lower delivery volumes across major product lines. Subscriptions revenue, however, increased to $162.4 million from $144.3 million, a 12.5% increase, driven by growth in ChargePoint Platform and Assure subscriptions. Other revenue also decreased to $32.3 million from $38.0 million, a 14.8% decrease, primarily due to one-time service revenues, lower collections on driver charging sessions due to unpaid charging sessions and fraudulent activities related to charging payment services.

The company's cost of revenue also decreased, with total cost of revenue at $285.6 million compared to $316.4 million in the previous fiscal year, a 9.7% decrease. Networked Charging Systems cost of revenue decreased to $199.7 million from $223.4 million, a 10.6% decrease, while Subscriptions cost of revenue decreased to $61.9 million from $71.2 million, a 13.1% decrease. Cost of other revenue increased to $24.1 million from $21.8 million, a 10.3% increase. Gross profit increased to $125.6 million from $100.7 million, a 24.8% increase, and gross margin improved to 30.5% from 24.1%, primarily due to subscription revenue growth and improved subscription margins.

Operating expenses saw a decrease, with research and development expenses at $139.3 million, a 1.4% decrease, sales and marketing expenses at $100.7 million, a 23.0% decrease, and general and administrative expenses at $95.7 million, a 17.5% increase. The company reported a loss from operations of $210.1 million, compared to a loss of $253.0 million in the previous fiscal year. ChargePoint recognized a gain on debt exchange of $11.2 million. Interest income decreased to $4.5 million from $8.3 million, while interest expense decreased to $23.9 million from $24.7 million. The net loss for the year was $220.2 million, compared to a net loss of $277.1 million in the previous fiscal year.

Operationally, ChargePoint highlighted its reliance on third-party channel partners for revenue generation and the importance of expanding its sales and marketing capabilities. The company also noted its dependence on the continued adoption of EVs and the potential impact of adverse economic conditions on customer spending. Strategic developments included a partnership with Eaton Corporation and ongoing efforts to improve operational efficiencies through reorganization plans, including the March 2026 Reorganization, which involves a 10% reduction in the global workforce and is expected to yield approximately $8.0 million in restructuring costs. The company's growth strategies include increasing research and development, expanding its customer base, accelerating ChargePoint Platform solutions, and forming strategic partnerships.