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ChargePoint Holdings (CHPT)
NYSE:CHPT
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ChargePoint Holdings
(NYSE:CHPT)
51Neutral
Positive Factors
Cash Management
ChargePoint has prudently managed cash and is not expected to need additional capital during the modeling period.
Gross Margins and OPEX
CHPT is controlling what they can control, rightsizing the business for potentially trough revenue levels given recent results and 1Q guidance, posting better than expected gross margins and OPEX controls.
Revenue Guidance
Management comments on charging equipment demand troughing and customer momentum add weight to the revenue guidance.
Negative Factors
Demand Environment
ChargePoint has experienced demand destruction in the muted EV demand environment, leading to a pullback from commercial customers and limited activity with fleet customers.
Investor Sentiment
Investor sentiment is muted, and a market recovery for ChargePoint is considered unlikely, indicating further downside risks.
Regulatory Headwinds
The timing and trajectory of a return to growth has been difficult to gauge, facing stiff regulatory headwinds given current White House views on EV adoption.
ChargePoint Holdings (CHPT) vs. S&P 500 (SPY)
Market Cap
$282.48M
Dividend YieldN/A
Average Volume (3M)15.91M
Price to Earnings (P/E)―
Beta (1Y)2.03
Revenue Growth-17.68%
EPS Growth46.68%
CountryUS
Employees1,395
SectorConsumer Cyclical
Sector Strength59
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.14
Shares Outstanding458,200,960
10 Day Avg. Volume7,843,410
30 Day Avg. Volume15,907,208
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.83
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit5.15
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$1.16Price Target Upside100.00% Upside
Rating ConsensusHold
Number of Analyst Covering10
ChargePoint Holdings Business Overview & Revenue Model
Company DescriptionChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.
How the Company Makes MoneyChargePoint Holdings generates revenue primarily through the sale of its charging hardware and related software services. The company offers charging stations to businesses, fleet operators, and residential customers, which are often sold as part of a package that includes installation and maintenance services. Additionally, ChargePoint provides subscription-based software solutions that enable station owners to manage and optimize their charging networks. These software offerings include features such as energy management, reporting, and payment processing. ChargePoint also earns money through partnerships with various stakeholders in the EV ecosystem, including automotive manufacturers, utilities, and governmental entities, which help expand its network and customer base. Another revenue stream comes from providing access to its network for EV drivers, who may pay fees associated with charging their vehicles at ChargePoint stations.
ChargePoint Holdings Key Performance Indicators (KPIs)
Any
Revenue by Segment
Analyzes revenue from different business segments, highlighting which areas drive growth and profitability, and indicating strategic focus and market demand.
Analyzes revenue from different business segments, highlighting which areas drive growth and profitability, and indicating strategic focus and market demand.
Data provided by:
Main Street Data
Main Street DataChargePoint Holdings Financial Statement Overview
Summary
ChargePoint Holdings is experiencing rapid revenue growth, yet it faces significant profitability and cash flow challenges. The persistent negative net income and negative cash flows underline operational inefficiencies and reliance on external funding. The balance sheet shows high liabilities relative to equity, raising concerns about financial stability. Overall, while revenue growth is a positive indicator, the financial statements suggest the company needs to address its profitability and leverage to improve financial health.Income Statement
ChargePoint Holdings has shown significant revenue growth over the years, particularly from 2022 to 2023 with an increase of 93.4%. However, this growth is overshadowed by persistent negative net income and declining EBIT and EBITDA margins, indicating profitability challenges. The company's gross profit margin improved slightly from 2022 to 2023, but it remains low. Overall, the income statement reflects strong top-line growth but sustained bottom-line losses.―
Balance Sheet
The balance sheet of ChargePoint Holdings shows a high debt-to-equity ratio, which is concerning due to negative net income affecting equity. The equity ratio has decreased over the years, signifying an increase in liabilities relative to assets. Despite a decrease in total debt, the overall financial health is challenged by low stockholders' equity. The company's liquidity position is supported by substantial cash reserves, but the rising liabilities pose a risk.40
Cash Flow
The cash flow statement indicates negative operating cash flow, which has been increasing, reflecting the company's struggles to generate cash from operations. While the company has made efforts to manage capital expenditures, free cash flow remains negative. The free cash flow to net income ratio is unfavorable, highlighting cash generation issues. Financing activities have been a significant source of cash, underscoring reliance on external funding.―
| Breakdown | ||||
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 417.08M | 506.64M | 468.09M | 242.34M | 146.49M | Gross Profit |
| 100.68M | 30.12M | 85.93M | 53.53M | 32.95M | EBIT |
| -253.00M | -449.95M | -341.78M | -266.38M | -120.99M | EBITDA |
| -218.85M | -412.87M | -312.79M | -117.21M | -183.49M | Net Income Common Stockholders |
| -277.07M | -457.61M | -344.46M | -132.57M | -197.02M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 224.57M | 327.41M | 369.13M | 315.24M | 145.49M | Total Assets |
| 898.17M | 1.10B | 1.08B | 861.83M | 290.12M | Total Debt |
| 312.36M | 301.05M | 316.78M | 25.37M | 59.75M | Net Debt |
| 87.79M | -26.36M | 52.62M | -289.87M | -85.75M | Total Liabilities |
| 760.70M | 775.69M | 724.32M | 315.14M | 290.94M | Stockholders Equity |
| 137.47M | 327.68M | 355.64M | 546.68M | -824.00K |
| Cash Flow | Free Cash Flow | |||
| -159.02M | -348.37M | -285.61M | -173.59M | -103.33M | Operating Cash Flow |
| -146.95M | -328.94M | -267.05M | -157.18M | -91.85M | Investing Cash Flow |
| -12.07M | 85.58M | -126.15M | -221.74M | 35.53M | Financing Cash Flow |
| 28.54M | 306.52M | 372.86M | 549.69M | 128.91M |
ChargePoint Holdings Technical Analysis
Negative
0.58
Price Trends
0.64
Negative
0.83
Negative
1.16
Negative
Market Momentum
>-0.01
Negative
41.24
Neutral
23.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CHPT, the sentiment is Negative. The current price of 0.58 is below the 20-day moving average (MA) of 0.61, below the 50-day MA of 0.64, and below the 200-day MA of 1.16, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.24 is Neutral, neither overbought nor oversold. The STOCH value of 23.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CHPT.
ChargePoint Holdings Risk Analysis
ChargePoint Holdings disclosed 65 risk factors in its most recent earnings report. ChargePoint Holdings reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
ChargePoint Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $6.64B | 11.67 | 3.04% | 3.98% | 2.60% | -21.24% | |
51 Neutral | $282.48M | ― | -121.64% | ― | -17.68% | 46.68% | |
47 Neutral | $873.02M | ― | 19.14% | ― | 59.57% | 14.59% | |
44 Neutral | $3.97M | ― | ― | 3.04% | 17.46% | ||
28 Underperform | $3.13M | ― | -559.17% | ― | -35.99% | -909.64% |
* Consumer Cyclical Sector Average
Performance Comparison
CHPT
ChargePoint Holdings
0.58
-1.20
-67.42%
NAAS
NaaS Technology
1.29
-72.39
-98.25%
NVVE
Nuvve Holding
1.04
-5.81
-84.82%
EVGO
EVgo
2.77
0.78
39.20%
ChargePoint Holdings Earnings Call Summary
Earnings Call Date:Mar 04, 2025
(Q4-2025)
| % Change Since: -12.12%|
Next Earnings Date:May 29, 2025
Earnings Call Sentiment Positive
ChargePoint Holdings Inc. reported a strong quarter with revenue exceeding guidance and improvements in gross margin and cash usage. The company is successfully executing its strategic plan and collaborating with major partners like GM. However, challenges such as declining network charging systems revenue and external factors like permitting delays and policy uncertainties remain. Overall, the positive aspects outweigh the concerns.Q4-2025 Updates
Positive Updates
Revenue Exceeds Guidance
Revenue for Q4 was $102 million, which was above the midpoint of the guidance range ($95 million to $105 million).
Subscription Revenue Growth
Subscription revenue increased 14% year on year to $38 million in Q4.
Improved Gross Margin
Non-GAAP gross margin improved to 30%, up four percentage points sequentially and eight percentage points year on year.
Decreased Operating Expenses
Non-GAAP operating expenses were $52 million, down 11% sequentially and down 30% from the previous year.
Cash Balance Increase
Ending cash balance increased by $5 million from the end of Q3.
Strategic Collaboration with General Motors
Collaboration with GM Energy division to open DC fast charging locations, with the first location opened within four weeks of finalizing the program.
Significant Reduction in Cash Usage
Cash used for operating activities declined significantly to $3 million during the quarter, down from $31 million in Q3.
Negative Updates
Network Charging Systems Revenue Decline
Network charging systems revenue was flat sequentially and down 29% year on year.
Dependency on External Factors
Continuing challenges with permitting and grid infrastructure availability, causing potential delays in project completion.
Uncertain Government Policy Impact
Concerns about US federal funding uncertainty for DC fast charging infrastructure and potential tariff impacts, although expected to be minimal.
Company Guidance
During ChargePoint Holdings, Inc.'s fourth quarter fiscal 2025 earnings call, the company provided guidance and shared numerous financial metrics. Revenue for the quarter was reported at $102 million, surpassing the midpoint of their guidance range of $95 million to $105 million. Subscription revenue, a key growth area, increased 14% year-over-year to $38 million. The gross margin improved to 30% on a non-GAAP basis, a notable increase from previous quarters. Non-GAAP operating expenses were reduced to $52 million, a 42% decrease from Q2 of fiscal year 2024. This cost rationalization, alongside improved operational efficiency, contributed to a significant reduction in adjusted EBITDA loss to $17 million, compared to a $45 million loss in the same quarter the previous year. The company also highlighted a cash balance increase of $5 million from Q3, ending the quarter with $225 million in cash on hand. Looking ahead to fiscal 2026, ChargePoint expects Q1 revenue to range between $95 million and $105 million, maintaining the revenue momentum despite seasonal fluctuations. The company is focused on achieving positive adjusted EBITDA during fiscal 2026, driven by continued operational excellence and strategic growth initiatives.ChargePoint Holdings Corporate Events
Delistings and Listing ChangesStock SplitRegulatory Filings and Compliance
ChargePoint Holdings Faces NYSE Compliance Challenge
Neutral
Feb 21, 2025
On February 19, 2025, ChargePoint Holdings, Inc. received a notification from the New York Stock Exchange (NYSE) that it is not in compliance with the requirement for maintaining a minimum average closing price of $1.00 over a 30 trading-day period. The company announced its intention to resolve this deficiency by March 5, 2025, potentially considering measures such as a reverse stock split to maintain its listing. The NYSE notice will not immediately affect the trading of ChargePoint’s stock, nor will it impact the company’s ongoing operations or reporting obligations.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.