ChargePoint Reports $105.7 Million Revenue in Q3 2025, Net Loss Improves

ChargePoint Holdings, Inc. reported a total revenue of $105.7 million for the three months ended October 31, 2025, marking a 6.5% increase from $99.6 million in the same period last year. The revenue for the nine months ended October 31, 2025, was $301.9 million, a decrease of 4.2% compared to $315.2 million for the nine months ended October 31, 2024. The company experienced a net loss of $52.5 million for the third quarter, an improvement from a net loss of $77.6 million in the prior year. For the nine-month period, the net loss was $175.8 million, down from $218.3 million in the previous year.

The company’s revenue growth in the third quarter was primarily driven by a 15.3% increase in subscription revenue, which reached $42.0 million, compared to $36.4 million in the same quarter of 2024. However, revenue from Networked Charging Systems decreased by 12.8% for the nine-month period, reflecting lower volumes delivered across major product families. The overall gross profit for the third quarter was $32.5 million, resulting in a gross margin of 30.7%, up from 22.9% in the prior year, attributed to improved subscription margins.

ChargePoint has made strategic moves to enhance its operational efficiency, including a reorganization plan that resulted in a workforce reduction of approximately 249 employees, or 15% of its global workforce, in September 2024. This restructuring is part of ongoing efforts to reduce operating expenses, which have shown a significant decline in sales and marketing expenses, down 29.4% in the third quarter compared to the previous year. The company also reported a decrease in research and development expenses, which fell by 9.5% in the same period.

As of October 31, 2025, ChargePoint had cash and cash equivalents totaling $180.9 million, down from $224.6 million at the beginning of the fiscal year. The company’s accumulated deficit reached $2.07 billion. Looking ahead, ChargePoint anticipates that its cash on hand, along with cash generated from sales, will be sufficient to meet its working capital and capital requirements for at least the next twelve months. However, the company acknowledges that it may need to seek additional financing to support its growth initiatives and operational needs, particularly in light of ongoing market uncertainties and competition in the electric vehicle charging sector.