ChargePoint Holdings, Inc., a prominent global provider of electric vehicle charging infrastructure and networked charging solutions, has released its financial results for the fourth quarter and the full fiscal year 2026, which ended on January 31, 2026. The company, listed on the New York Stock Exchange under the ticker CHPT, continues to play a significant role in supporting the transition toward electric mobility by building and operating one of the world’s most extensive EV charging networks.
The latest results provide insight into the company’s financial performance, operational progress, and strategic initiatives during a year that leadership described as a turning point for the organization. Despite ongoing changes in the global electric vehicle market and economic conditions affecting the broader charging industry, ChargePoint reported improvements in several key areas including revenue growth in the fourth quarter, expanded subscription services, and reduced losses compared with the previous year.
Leadership Perspective on Fiscal 2026
According to ChargePoint President and Chief Executive Officer Rick Wilmer, fiscal 2026 represented an important transition period for the company. Leadership emphasized that the organization focused on strengthening operational efficiency, improving cost management, and delivering innovations that directly address customer needs.
Wilmer noted that the company has worked diligently to reinforce its operational foundation while navigating an evolving EV ecosystem. As electric vehicle adoption continues to grow across global markets, demand for reliable charging infrastructure remains a key factor in accelerating the shift away from traditional internal combustion engines.
He explained that ChargePoint’s strategy centers on disciplined execution, operational efficiency, and the development of strategic partnerships that expand its presence in important regional markets. These efforts are designed to create a more resilient organization capable of sustaining long-term growth.
The CEO also highlighted that the company made notable operational progress during the year, strengthening its position in a competitive industry. By focusing on scalable technology platforms and expanding subscription-based services, ChargePoint aims to generate sustainable revenue streams and deliver long-term value to customers, partners, and shareholders.
Fourth Quarter Fiscal 2026 Financial Performance
During the fourth quarter of fiscal 2026, ChargePoint reported total revenue of $109.3 million. This represented a 7 percent increase compared with the $101.9 million recorded during the same period in the previous fiscal year. The growth was largely driven by higher sales of networked charging systems and a continued increase in subscription-based revenue associated with the company’s software platform and network services.
Revenue Breakdown
Networked charging systems generated $57.6 million in revenue during the quarter. This category includes hardware such as commercial and residential charging stations as well as related equipment. Revenue from this segment rose approximately 10 percent compared with $52.6 million during the same quarter in the prior year.
Subscription revenue was another major contributor to overall performance. The company reported $42.5 million in subscription revenue for the fourth quarter, marking an 11 percent increase from $38.3 million in the year-earlier period. Subscription services typically include access to the ChargePoint network, software management tools, maintenance services, and other recurring revenue offerings.
The growth of subscription revenue reflects the company’s ongoing effort to expand its software-driven business model, which often provides higher margins and more predictable revenue streams compared with hardware sales.
Gross Margin Performance
ChargePoint reported a fourth-quarter GAAP gross margin of 31 percent, an improvement compared with the 28 percent recorded during the same quarter in the previous fiscal year. On a non-GAAP basis, gross margin reached 33 percent, up from 30 percent in the prior year’s fourth quarter.
The improvement in gross margin was largely attributed to the increasing share of subscription revenue within the company’s overall revenue mix. Subscription services typically generate stronger margins due to lower production costs and recurring billing models. Additionally, the company noted improvements in the profitability of its subscription offerings.
Operating Expenses
Operating expenses during the fourth quarter totaled $87.4 million on a GAAP basis, representing a modest increase of 4 percent compared with $83.6 million during the same period in the previous year.
On a non-GAAP basis, operating expenses reached $57.9 million, which represented an 11 percent increase from $52 million in the prior year’s fourth quarter. These expenses include investments in product development, software innovation, sales and marketing initiatives, and administrative functions.
Despite the increase in non-GAAP operating expenses, the company emphasized that it continues to maintain disciplined cost management while prioritizing investments that support long-term growth.
Net Loss and Profitability Metrics
ChargePoint reported a GAAP net loss of $44.4 million during the fourth quarter. While still negative, this figure represented a significant improvement compared with the $58.8 million net loss recorded in the same quarter of the previous fiscal year.
The company also reported a non-GAAP pre-tax net loss of $11.7 million for the quarter, a substantial improvement from the $24.4 million loss recorded during the comparable period last year.
Adjusted EBITDA, another key financial metric used by investors to evaluate operating performance, showed a loss of $18.4 million during the quarter. This represented a slight increase compared with the $17.3 million adjusted EBITDA loss recorded in the prior year’s fourth quarter.
Liquidity Position
As of January 31, 2026, ChargePoint reported cash and cash equivalents totaling $141.6 million. Maintaining a strong liquidity position remains important as the company continues to invest in network expansion, product development, and strategic partnerships.
Shares Outstanding
At the end of fiscal 2026, the company had approximately 24 million shares of common stock outstanding. These shares trade publicly on the New York Stock Exchange under the ticker symbol CHPT.
Full Fiscal Year 2026 Financial Results
For the full fiscal year, ChargePoint reported total revenue of $411.2 million. This represented a slight decrease of about 1 percent compared with $417.1 million recorded during fiscal 2025.
While overall revenue remained relatively stable year over year, the company experienced notable shifts in the composition of its revenue streams.
Revenue Trends Across Segments
Networked charging systems generated $216.5 million in revenue for the full fiscal year. This figure represented an 8 percent decline compared with $234.8 million in fiscal 2025.
The decrease in hardware revenue reflects broader market conditions within the EV charging industry, where infrastructure deployment cycles and economic factors can influence equipment purchasing decisions.
In contrast, subscription revenue demonstrated strong growth throughout the year. The company reported $162.4 million in subscription revenue for fiscal 2026, marking a 13 percent increase compared with $144.3 million in the previous fiscal year.
This shift highlights the increasing importance of software and services in ChargePoint’s overall business model.
Gross Margin Improvements
ChargePoint’s full-year GAAP gross margin improved significantly, reaching 31 percent compared with 24 percent during fiscal 2025.
On a non-GAAP basis, gross margin increased to 32 percent, up from 26 percent in the prior fiscal year. The improvement reflects both the higher proportion of subscription revenue and ongoing efforts to improve operational efficiency across the company’s supply chain and service delivery operations.
Operating Expense Management
Operating expenses for the full fiscal year totaled $335.7 million on a GAAP basis, representing a 5 percent decrease from $353.7 million in fiscal 2025.
Non-GAAP operating expenses reached $230.6 million, also reflecting a 5 percent reduction compared with $243.4 million in the previous fiscal year.
These reductions demonstrate ChargePoint’s focus on cost optimization and financial discipline as it seeks to improve profitability over time.
Net Loss Trends
ChargePoint reported a GAAP net loss of $220.2 million for fiscal 2026. Although still significant, the figure represented a meaningful improvement compared with the $277.1 million net loss reported in fiscal 2025.
The company’s non-GAAP pre-tax net loss for the year totaled $103.1 million, compared with $153.3 million in the prior year.
Adjusted EBITDA loss for the full fiscal year reached $82.7 million, improving from $116.5 million in fiscal 2025. These improvements indicate progress toward the company’s longer-term goal of achieving profitability.
Key Business Developments During Fiscal 2026
ChargePoint also reported several strategic initiatives and partnerships that were announced during the year.
One notable development was the appointment of Jaser Faruq as Chief Product and Software Officer. In this role, Faruq is responsible for leading the company’s global product management and software development initiatives. His leadership is expected to strengthen ChargePoint’s focus on delivering advanced digital platforms that enhance the functionality of its charging network.
The company also announced a multi-year partnership with RAW Charging, a charge point operator based in the United Kingdom. The collaboration includes an initial commitment valued at $7.5 million and aims to expand EV charging infrastructure across the UK market.
In another strategic move, ChargePoint formed a collaboration with Ford Pro, the commercial vehicle division of Ford Motor Company. Through this partnership, the companies will provide specialized EV charging solutions for commercial fleet customers in Germany and the United Kingdom.
The partnership includes home charging options, depot charging infrastructure, and workplace charging solutions designed specifically for businesses transitioning their fleets to electric vehicles.
Outlook for Fiscal 2027
Looking ahead, ChargePoint provided financial guidance for the first quarter of fiscal 2027, which will end on April 30, 2026.
The company expects revenue for the quarter to range between $90 million and $100 million. While this guidance reflects continued market uncertainty, leadership remains confident in the company’s long-term growth prospects.
ChargePoint’s strategy moving forward focuses on expanding its network footprint, increasing the adoption of subscription services, and strengthening relationships with automotive manufacturers, fleet operators, and infrastructure partners.
As electric vehicle adoption accelerates globally, the company believes its integrated platform of hardware, software, and services positions it well to support the rapidly expanding EV charging ecosystem.
Positioning for the Future of Electric Mobility
With governments and businesses around the world investing heavily in electrification and sustainability initiatives, the EV charging sector is expected to experience significant growth over the coming decade.
ChargePoint’s extensive network, software-driven platform, and partnerships with major automotive and fleet companies provide a foundation for future expansion.
While the company continues to navigate financial challenges and industry competition, the progress achieved during fiscal 2026 demonstrates ongoing efforts to strengthen operational performance and move closer to long-term profitability.
By focusing on innovation, operational discipline, and strategic partnerships, ChargePoint aims to play a central role in supporting the global transition to electric mobility while delivering value to its customers and investors.
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