Financial Performance - First quarter fiscal 2026 revenue was 98million,adecreaseof9107 million in the same quarter last year[5] - Subscription revenue for the first quarter was 38million,representinga1482 million, down 10% from 90.7millionintheprioryear[6]−Thenetlossforthefirstquarterwas57.1 million, a 20% improvement from a net loss of 71.8millioninthesamequarterlastyear[6]−Non−GAAPnetlossimprovedto29,958 thousand, representing 31% of revenue, compared to 45,567thousandor4332,968 thousand, an improvement from 62,542thousandinthepreviousyear[25]FutureOutlook−ChargePointexpectssecondquarterfiscal2026revenuetobebetween90 million and 100million[8]−Thecompanyaimstoachievepositivenon−GAAPadjustedEBITDAduringaquarterinfiscalyear2026[8]PartnershipsandInnovations−ThecompanyannouncedanewACchargingarchitecturefeaturingbidirectionalchargingforfuturemodelsacrossNorthAmericaandEurope[12]−ChargePointformedapartnershipwithEatonCorporationtointegrateEVchargingandinfrastructuresolutions,co−developingnewtechnologies[12]CashandAssets−AsofApril30,2025,ChargePointhadcashandcashequivalentsof196.3 million and no debt maturities until 2028[6] - Cash, cash equivalents, and restricted cash at the end of the period totaled 196,349thousand,downfrom292,259 thousand, reflecting a decrease of 32.8%[25] - Total current assets decreased to 554,317thousandfrom566,574 thousand, a decline of 2.3%[24] Liabilities and Equity - Total liabilities increased to 779,020thousandfrom760,704 thousand, marking a rise of 2.4%[24] - The company reported a total stockholders' equity of 118,588thousand,downfrom137,471 thousand, a decrease of 13.7%[24] Cost Structure - GAAP cost of revenue was 69,654thousand,representing7183,432 thousand or 78% in the prior year[27] - Non-GAAP operating expenses as a percentage of revenue decreased to 58% from 62% year-over-year[27]
ChargePoint(CHPT)2025-06-04 20:09