© 2025 ChargePoint Holdings, Inc. 2 • ChargePoint has provided historical financial information in this presentation that has not been prepared in accordance with generally accepted accounting principles in the United States ("GAAP"). ChargePoint uses these non-GAAP financial measures internally in analyzing its financial results. ChargePoint believes that the use of these non-GAAP financial measures is useful to investors to evaluate ongoing operating results and trends and believes they provide meaningful ...

Revenue Performance - Revenue for Q3 FY 2026 was $106 million, a 6% increase year-over-year, exceeding guidance[7] - Subscription revenue grew 15% year-over-year to $42 million[7] - Total revenue for the three months ended October 31, 2025, was $105,674,000, representing an increase of 6.5% compared to $99,612,000 for the same period in 2024[23] Profitability and Loss - GAAP net loss for Q3 FY 2026 was $52.5 million, a 32% reduction from $77.6 million in the prior year's same quarter[8] - The net loss for the three months ended October 31, 2025, was $52,479,000, compared to a net loss of $77,590,000 for the same period in 2024, indicating a 32.4% improvement[23] - GAAP net loss for the three months ended October 31, 2025, was $(52,479), or (50%) of revenue, compared to $(77,590) (78%) in the same period last year[29] - Non-GAAP net loss for the three months ended October 31, 2025, was $(31,095), representing (29%) of revenue, compared to $(42,240) (42%) in the prior year[29] Gross Margin and Profit - GAAP gross margin improved to 31%, up from 23% in the prior year's same quarter; non-GAAP gross margin reached a record high of 33%, up from 26%[8] - Non-GAAP gross profit for the three months ended October 31, 2025, was $34,511, with a gross margin of 33%, up from $25,781 (26%) in the prior year[28] - Total gross profit for the nine months ended October 31, 2025, was $91,200, with a gross margin of 30%, compared to $71,981 (23%) for the same period in 2024[28] Expenses - Operating expenses decreased by 16% year-over-year to $76.8 million[8] - Research and development expenses for the nine months ended October 31, 2025, were $104,664,000, a decrease of 5.4% from $110,861,000 in the previous year[23] - Non-GAAP operating expenses for the three months ended October 31, 2025, were $57,462, accounting for 54% of revenue, compared to $58,597 (59%) in the same period last year[29] - Total operating expenses for the nine months ended October 31, 2025, were $248,352, or 82% of revenue, compared to $270,031 (86%) in the prior year[28] Cash and Debt Management - Cash and cash equivalents on the balance sheet as of October 31, 2025, were $180.9 million[8] - Cash and cash equivalents decreased to $180,514,000 as of October 31, 2025, down from $224,571,000 at the beginning of the year[25] - Total outstanding debt was reduced by $172 million, representing more than 50% reduction post quarter end[8] Future Outlook - For Q4 FY 2026, ChargePoint expects revenue between $100 million and $110 million[9] Contracts and Agreements - ChargePoint was awarded a cooperative purchasing contract with Sourcewell for EV charging solutions, marking its third agreement since 2017[8]

Core Insights - ChargePoint Holdings, Inc. (NYSE:CHPT) is recognized as one of the top EV charging stocks to consider for investment, with a Hold consensus from 11 analysts and an average target price of $12.88, indicating a potential upside of 57.26% from the current price of $8.19 [1]. Group 1: Partnerships and Deployments - ChargePoint has partnered with Dabaja Brothers Development Group to deploy over 40 fast-charging ports in Michigan, aiming to improve EV charging access in the region [2]. - The first charging site has been established in Canton, Michigan, featuring a ChargePoint Express Plus station capable of ultra-fast charging up to 500 kW, with additional sites planned in Dearborn and Livonia to enhance coverage in Metro Detroit [3]. Group 2: Technology and Platform Enhancements - The partnership follows the recent launch of ChargePoint's re-engineered ChargePoint Platform, which now includes AI-powered tools for better management of EV charging networks, such as an AI data assistant for predictive insights and a virtual queue system called Waitlist [4]. Group 3: Company Overview - ChargePoint Holdings, Inc. is a leading provider of EV charging solutions, operating one of the largest charging networks in North America and Europe, offering a range of hardware, cloud-based software, and services for various customer segments including residential, commercial, and fleet [5].

Core Insights - The growth of a specific industry does not guarantee the success of all participants within that industry [1] Group 1: Analyst Background - Dilantha De Silva has over 10 years of experience in the investment industry, focusing on equity analysis and investment research [1] - He writes for various platforms including Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a notable following on Seeking Alpha [1] - His expertise includes a focus on small-cap stocks that are often overlooked by Wall Street analysts [1] - Dilantha is a CFA Level III candidate and holds qualifications from the Chartered Institute for Securities and Investment (CISI) [1] - He has been featured on major financial networks such as CNBC and Bloomberg [1] - His work has been showcased on leading investment platforms like Nasdaq and Yahoo Finance [1] - In addition to stock analysis, he is involved in private equity transactions, including acquiring and managing businesses [1]

Core Insights - ChargePoint Holdings, Inc. (CHPT) stock closed at $7.57, down 3.69% from the previous day, underperforming the S&P 500 which gained 1.55% [1] - The stock has decreased by 28.55% over the past month, compared to the Auto-Tires-Trucks sector's loss of 8.01% and the S&P 500's loss of 1.8% [1] Earnings Performance - ChargePoint is expected to release earnings on December 4, 2025, with an anticipated EPS of -$1.35, reflecting a 32.5% increase from the same quarter last year [2] - The consensus estimate for quarterly revenue is $96.46 million, a decrease of 3.16% from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates predict an EPS of -$5.16 and revenue of $393.9 million, indicating a 32.11% increase in EPS and a 5.56% decrease in revenue compared to the prior year [3] Analyst Estimates - Recent changes to analyst estimates for ChargePoint are being monitored, as they often indicate shifts in near-term business trends [4] - Positive changes in estimates suggest analyst optimism regarding the company's business and profitability [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks averaging a 25% annual return since 1988 [6] - ChargePoint currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining steady over the past month [6] Industry Insights - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, ranks in the top 34% of all industries according to the Zacks Industry Rank [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Company Performance - ChargePoint Holdings, Inc. (CHPT) closed at $8.23, reflecting a +2.11% change from the previous day, outperforming the S&P 500's daily loss of 0.83% [1] - Over the past month, shares have depreciated by 27.32%, significantly underperforming the Auto-Tires-Trucks sector's loss of 4.21% and the S&P 500's gain of 0.19% [1] Upcoming Earnings - ChargePoint is set to release its earnings on December 4, 2025, with an anticipated EPS of -$1.35, representing a 32.5% increase compared to the same quarter last year [2] - The consensus estimate for revenue is $96.46 million, indicating a 3.16% decrease from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, the Zacks Consensus Estimates project an EPS of -$5.16 and revenue of $393.9 million, reflecting changes of +32.11% and -5.56% respectively from the prior year [3] Analyst Estimates - Recent modifications to analyst estimates for ChargePoint are crucial as they indicate changing business trends, with positive revisions suggesting analysts' confidence in performance and profit potential [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks ChargePoint Holdings, Inc. at 3 (Hold), with no changes in the consensus EPS estimate over the past month [6] Industry Context - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, holds a Zacks Industry Rank of 85, placing it in the top 35% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Company Performance - ChargePoint Holdings, Inc. closed at $9.67, reflecting a -1.53% change from the previous day, underperforming the S&P 500's 0.06% gain [1] - The company's shares experienced a loss of 20.42% over the past month, compared to a 7.48% gain in the Auto-Tires-Trucks sector and a 4.57% gain in the S&P 500 [1] Financial Projections - The upcoming EPS for ChargePoint is projected at -$1.35, indicating a 32.50% increase from the same quarter last year [2] - Quarterly revenue is estimated at $96.46 million, down 3.16% from the previous year [2] - For the full year, earnings are projected at -$5.16 per share and revenue at $393.9 million, reflecting changes of +32.11% and -5.56% respectively from the prior year [3] Analyst Estimates and Rankings - Recent changes to analyst estimates for ChargePoint are important as they reflect short-term business dynamics, with positive revisions indicating analyst optimism [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks ChargePoint as 3 (Hold) [5] - The Zacks Rank has a strong track record, with 1 stocks averaging an annual return of +25% since 1988 [5] Industry Context - ChargePoint operates within the Automotive - Original Equipment industry, which is part of the Auto-Tires-Trucks sector [6] - This industry holds a Zacks Industry Rank of 85, placing it in the top 35% of over 250 industries [6] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a favorable environment for ChargePoint [6]

Core Viewpoint - ChargePoint Holdings, Inc. has experienced a decline in stock price and is underperforming compared to its sector and the broader market, with upcoming earnings expected to show a loss but with year-over-year growth in losses [1][2][3]. Company Performance - ChargePoint Holdings, Inc. closed at $9.80, down 3.92% from the previous day, which is less than the S&P 500's loss of 1.12% [1] - Over the past month, the company's shares have depreciated by 12.67%, while the Auto-Tires-Trucks sector gained 3.53% and the S&P 500 gained 1.26% [1] - Analysts expect the upcoming earnings report to show a loss of -$1.35 per share, representing a year-over-year growth of 32.5% [2] - The revenue estimate for the upcoming quarter is $96.46 million, reflecting a 3.16% decline compared to the same quarter last year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of -$5.16 per share and revenue of $393.9 million, indicating a year-over-year change of +32.11% for earnings and -8.61% for revenue [3] Analyst Estimates - Recent changes to analyst estimates for ChargePoint Holdings, Inc. are important as they reflect short-term business trends, with positive revisions indicating a favorable outlook on business health and profitability [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks ChargePoint Holdings, Inc. at 3 (Hold) [6] Industry Context - ChargePoint operates within the Automotive - Original Equipment industry, which has a Zacks Industry Rank of 96, placing it in the top 39% of over 250 industries [7] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [7]

Group 1 - Archer Aviation's midnight aircraft has been selected by the Tokyo Metropolitan Government for phase one of Tokyo's EV toll implementation project, marking a significant step in the development of air taxi services in Japan [1][2] - The initiative aims to evaluate market readiness and infrastructure ahead of planned demonstration flights, advancing Archer's partnership with Japan Airlines and Sumitomo's Soracle joint venture [2] - Plug Power has begun installing a 5 megawatt electrolyzer for the H2 Hollandia project, which is the Netherlands' first decentralized green hydrogen hub connected to a 115 megawatt solar park [3][4] Group 2 - The H2 Hollandia project is expected to produce approximately 300,000 kg of green hydrogen annually by 2026, setting a model for localized renewable hydrogen production for regional transport and industry [4] - ChargePoint has secured its third consecutive source well cooperative purchasing contract, allowing public agencies in the US and Canada to access its EV charging solutions through a streamlined process with preferred pricing [4]

Core Viewpoint - Morgan Stanley has identified three key short positions in the energy sector: Canadian Solar (CSIQ.US), ChargePoint (CHPT.US), and Gibson Energy (GBNXY.US), due to the underperformance of the S&P 500 energy sector, which has only risen by 4.47% year-to-date, ranking ninth among eleven major sectors [1]. Group 1: Canadian Solar (CSIQ.US) - Year-to-date performance: +29.8% [1] - Morgan Stanley rating: Underweight [1] - Short rationale: Rising prices of solar raw materials, such as polysilicon, may pressure Canadian Solar's gross margins, especially as the cost increase outpaces the price rise of solar modules. Additionally, potential non-compliance with the "Inflation Reduction Act" regarding "foreign entities of concern" could risk halting its U.S. manufacturing operations [1]. Group 2: ChargePoint (CHPT.US) - Year-to-date performance: -46.2% [2] - Morgan Stanley rating: Underweight [2] - Short rationale: Although ChargePoint may see a temporary improvement in performance due to pre-purchase demand driven by the gradual withdrawal of U.S. electric vehicle subsidies, there is no clear path for revenue and margin recovery in the current demand environment [2]. Group 3: Gibson Energy (GBNXY.US) - Year-to-date performance: +2.6% [3] - Morgan Stanley rating: Underweight [3] - Short rationale: Gibson Energy's marketing business faces challenges due to narrowing price spreads and limited storage opportunities, which continue to drag on performance. The forecast for Q3 2025 indicates only modest improvements across its business segments, with expected performance nearing the lower end of the $20 million to $40 million guidance range [3].