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ChargePoint hits revenue targets as subscription growth drives margin expansion
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ChargePoint hits revenue targets as subscription growth drives margin expansion

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ChargePoint Holdings (NYSE:CHPT) announced fourth-quarter and full fiscal year 2026 results on Wednesday, meeting the upper end of its financial forecasts.

The Campbell, California-based company reported fourth-quarter revenue of $109.3 million, a 7% increase compared to the prior year.

For the full fiscal year ended January 31, 2026, total revenue reached $411.2 million.

A key highlight of the report was the continued shift toward recurring revenue streams.

Quarterly subscription revenue grew 11% year-over-year to $42.5 million, while full-year subscription sales jumped 13% to $162.4 million.

This software growth was instrumental in bolstering the company’s margin profile, with non-GAAP gross margins reaching 33% for the quarter.

The fiscal year was defined by a major overhaul of ChargePoint's capital structure.

Following a successful debt exchange completed in late 2025, the company reduced its outstanding debt by $172 million—a more than 50% reduction—and extended its remaining maturities to 2030.

On the bottom line, ChargePoint reported a GAAP net loss of $44.4 million for the fourth quarter, a 24% improvement from the $58.8 million loss in the same period last year.

Adjusted EBITDA loss for the quarter was $18.4 million.

The company ended the fiscal year with $141.6 million in cash and cash equivalents.

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