Start here if you're new
what it is
It sells EV chargers and the software that helps drivers, fleets, and property owners use them.
how it gets paid
Last year Chargepoint Hldgs made $417M in revenue.
why growth slowed
Revenue fell 17.7% last year. Revenue rose 186% vs. prior year, but the company still posted a steep loss.
what just happened
ChargePoint posted $302M in quarterly revenue, with losses still heavy at $7.57 a share.
At a glance
C+ balance sheet — struggling to keep the lights on
-$12.80 fy2024 eps est
$417M fy2024 rev est
60.7% operating margin
1.7 beta
xvary composite: 17/100 — weak
What they do
It sells EV chargers and the software that helps drivers, fleets, and property owners use them.
ChargePoint has 342,000 active charging ports and serves 750,000 active EV drivers each month. Leaving means your charger, app, and access network all move together, which is annoying by design. Over 60% of Fortune 500 companies and over 80% of Fortune 50 companies use it, so the brand is already inside the room.
How they make money
$417M
annual revenue · revenue declined -17.7% last year
total revenue
$417M
17.7%
The products that matter
charger hardware and site systems
Networked Charging Systems
$271M · 65% of revenue
it's the larger business at $271M, but sales fell 24%. if this line keeps shrinking, software growth alone will not carry the company.
65% of revenue
network software and recurring fees
Subscriptions
$146M · +14% growth
this segment generated $146M last year, and the latest quarter contributed $38M. it's the piece acting most like a software business.
35% of revenue
network footprint and deployment pipeline
Commercial & Fleet Deployments
300,000+ ports · 300+ charger uk deal
the 300,000+ port footprint is real, and the 300+ fast charger RAW Charging deal shows demand still exists. the catch is simple: network size matters only if it lifts utilization, subscriptions, and repeat orders.
scale, not proof
Key numbers
$417M
annual sales
You get $417M of revenue against a $126M market cap. The stock is priced like a bad mood, not a franchise.
60.7%
op margin
For every $1 of operating profit, ChargePoint loses $0.61 at the operating line. That is a heater, not a machine.
342K
active ports
You own a network with 342,000 live ports. That is the asset investors are paying for, not the box on the wall.
$334M
long debt
Debt of $334M sits against a $126M market cap. Creditors get a bigger seat than shareholders do.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $334M (73% of capital)
C+ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for CHPT right now.
source: institutional data · return history unavailable
What just happened
missed estimates
ChargePoint posted $302M in quarterly revenue, with losses still heavy at $7.57 a share.
Revenue rose 186% vs. prior year, but the company still posted a steep loss. Gross margin came in at 30.2%, which is better than zero and still not close to enough.
$302M
revenue
-$7.57
eps
30.2%
gross margin
gross margin
30.2% gross margin is the one number that mattered most. It says the business keeps some cash from each sale, but not enough yet.
source: company earnings report, 2026
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What could go wrong
the #1 risk is cash burn against a debt load larger than the equity story.
med
cash burn meets $334M of debt
ChargePoint carries $334M in long-term debt, equal to 73% of capital, while the equity is valued at about $126M. When the debt stack is bigger than what the market says the company is worth, financing risk is no longer a footnote.
If losses keep piling up, shareholders face dilution, weaker bargaining power, or both.
med
hardware keeps shrinking faster than software grows
Networked Charging Systems still accounts for 65% of revenue at $271M, and that line fell 24% last year. Subscriptions grew 14% to $146M, but they are not large enough yet to offset a weak hardware cycle.
If that mix shift stalls, you are left with hardware volatility carrying a software multiple story.
med
30.2% gross margin leaves little room for mistakes
Gross margin at 30.2% is workable, but not forgiving. Price cuts, installation issues, or higher component costs can pressure the path to profitability fast.
Discounting might support unit volume while quietly pushing breakeven further away.
med
partnership headlines fail to become recurring revenue
Deals with Ford Pro in Europe and RAW Charging help the narrative. They matter financially only if they turn into installed hardware, subscription attachments, and repeat expansion orders.
If partnerships stay promotional instead of productive, recovery keeps getting pushed into the next quarter.
$417M of annual revenue looks substantial until you stack it against a 17.7% decline, $334M of debt, and a $126M market cap. The business has scale. The equity still has very little cushion.
source: institutional data · regulatory filings · risk analysis
Pay attention to
mix shift
subscriptions versus hardware
Subscriptions grew 14% to $146M and now make up 35% of revenue. Hardware fell 24% to $271M. This gap is the whole thesis monitor.
balance sheet
debt versus equity value
Long-term debt is $334M against a market cap of about $126M. If capital needs rise again, common shareholders are not negotiating from strength.
next report
Q1 FY2027 follow-through
After Q4 FY2026 revenue of $109M hit the high end of guidance, the next print needs to show that improvement was not just one cleaner quarter.
utilization
whether network scale starts earning its keep
Management points to port utilization above 30% as a site-expansion signal. If utilization rises, the 300,000+ port footprint starts looking like an asset instead of a headline number.
Analyst rankings
risk profile
high risk
risk rank 5 — significant risk of large drawdowns.
chart momentum
bottom 5%
momentum rank 5 — the lowest rating — significant underperformance expected.
source: institutional data
Institutional activity
institutional ownership data for CHPT is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$6
current price
n/a
target midpoint · n/a from current
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