ChargePoint Q4 Loss Narrower Than Expected, Revenues Fall Y/Y

Core Insights - ChargePoint (CHPT) reported a narrower loss of 6 cents per share for Q4 fiscal 2025, compared to a loss of 13 cents per share in the same period last year, but revenues of $101.89 million fell short of expectations and decreased by 12% year-over-year [1][2] Financial Performance - Networked charging systems revenues were $52.6 million, down from $74 million in the prior-year quarter, while subscription revenues increased to $38.3 million from $33.5 million [2] - Gross profit for the quarter was $28.7 million, up from $22.4 million year-over-year, with a non-GAAP gross margin of 30%, compared to 22% in the prior-year quarter [3] - Non-GAAP operating expenses decreased to $52 million from $74.7 million year-over-year, and the non-GAAP adjusted EBITDA loss improved to $17.3 million from $45.3 million [3] Expense Breakdown - Research and development expenses were $30.42 million, down 44.9% year-over-year, while sales and marketing expenses decreased by 27.1% to $24.51 million [4] - General and administrative expenses rose by 8.5% year-over-year to $28.72 million [4] Cash Flow and Financial Position - Net cash used in operating activities was $146.95 million, significantly reduced from $328.94 million in the fourth quarter of fiscal 2024 [4] - As of January 31, 2025, ChargePoint had $224.57 million in cash and cash equivalents, down from $327.41 million a year earlier, with total non-current debt increasing to $300.4 million from $283.7 million [5] Future Guidance - For Q1 fiscal 2026, ChargePoint expects revenues between $95 million and $105 million and aims for positive non-GAAP adjusted EBITDA [6] Market Position - ChargePoint currently holds a Zacks Rank 2 (Buy), indicating a favorable outlook compared to other auto industry stocks [7]