# EDGAR Filing Document

**Accession Number:** 0001777393
**File Stem:** 0001777393-25-000077
**Filing Date:** 2025-6
**Character Count:** 28146
**Document Hash:** 7addabf3c4ae106dd6b6e86a62bc0e9f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001777393-25-000077.hdr.sgml**: 20250604

**ACCESSION NUMBER**: 0001777393-25-000077

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250604

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250604

**DATE AS OF CHANGE**: 20250604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ChargePoint Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001777393
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS TRANSPORTATION EQUIPMENT [3790]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 841747686
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39004
- **FILM NUMBER:** 251023208

**BUSINESS ADDRESS:**
- **STREET 1:** 240 EAST HACIENDA AVENUE
- **CITY:** CAMPBELL
- **STATE:** CA
- **ZIP:** 95008
- **BUSINESS PHONE:** (972) 514-9535

**MAIL ADDRESS:**
- **STREET 1:** 240 EAST HACIENDA AVENUE
- **CITY:** CAMPBELL
- **STATE:** CA
- **ZIP:** 95008

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Switchback Energy Acquisition Corp
- **DATE OF NAME CHANGE:** 20190521

?xml version='1.0' encoding='ASCII'? chpt-20250604

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date Earliest Event Reported): June 4, 2025**

**ChargePoint Holdings, Inc.**

**(Exact name of registrant as specified in its charter)** 

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-39004** | **84-1747686** |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |

---

---

| | |
|:---|:---|
| **240 East Hacienda Avenue**<br>**Campbell, CA** | **95008** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

**(408) 841-4500**

**(Registrant's telephone number, including area code)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e- 4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| **Common Stock, par value $0.0001** | **CHPT** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.**

On June 4, 2025, ChargePoint Holdings, Inc. (the "Company") issued a press release announcing its financial results for its fiscal first quarter ended April 30, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d) *Exhibits*

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 99.1 | <u>[Press release dated June 4, 2025](chpt8-kerfy2026q1exx991.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| CHARGEPOINT HOLDINGS, INC. | CHARGEPOINT HOLDINGS, INC. |
| By: | /s/ Mansi Khetani |
|  | Name: Mansi Khetani |
|  | Title: Chief Financial Officer and Principal Financial Officer |

---

Date: June 4, 2025

## Exhibit 99.1

**Exhibit 99.1**

![chargepoint_logoa.jpg](chargepoint_logoa.jpg)

**ChargePoint Reports First Quarter Fiscal Year 2026 Financial Results**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• First quarter fiscal 2026 revenue of $98 million***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• First quarter fiscal 2026 GAAP gross margin of 29% and non-GAAP gross margin of 31%***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• First quarter fiscal 2026 subscription revenue of $38 million representing 14% year-over-year growth***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• First quarter fiscal 2026 GAAP operating expense of $82 million and non-GAAP operating expense of $57 million, representing 10% and 15% year-over-year reduction***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***• ChargePoint expects second quarter fiscal 2026 revenue of $90 million to $100 million***

**Campbell, Calif. – June 4, 2025 – <u>ChargePoint Holdings,</u> Inc.** (NYSE:CHPT) ("ChargePoint"), a leading provider of networked solutions for charging electric vehicles (EVs), today reported results for its first quarter of fiscal year 2026 ended April 30, 2025.<br>

"In Q1 ChargePoint continued to improve key metrics - including subscription margin and overall gross margin - while also announcing partnerships and products that are expected to deliver meaningful growth," said Rick Wilmer, CEO at ChargePoint. "Our new partnership with Eaton has created the market's only integrated EV charging and power management solutions, simultaneously giving ChargePoint access to Eaton's extensive distribution channels in North America and Europe. Our new AC charging architecture introduces multiple new innovations that will drive demand across commercial, residential, and fleet applications."

**First Quarter Fiscal 2026 Financial Overview**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*•* **Revenue.** First quarter revenue was $97.6 million, down 9% from $107.0 million in the prior year's same quarter. Networked charging systems revenue for the first quarter was $52.1 million, down 20% from $65.4 million in the prior year's same quarter. Subscription revenue was $38.0 million, up 14% from $33.4 million in the prior year's same quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*•* **Gross Margin.** First quarter GAAP gross margin was 29% as compared to 22% in the prior year's same quarter, and non-GAAP gross margin was 31% as compared to 24% in the prior year's same quarter primarily due to subscription revenue growth as a percentage of total revenue and improvement in subscription margins.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Operating Expenses**. First quarter GAAP operating expenses were $81.8 million, down 10% from $90.7 million in the prior year's same quarter. Non-GAAP operating expenses were $56.7 million, down 15% from $66.4 million in the prior year's same quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Net Income/Loss.** First quarter GAAP net loss was $57.1 million, down 20% from $71.8 million in the prior year's same quarter. Additionally, non-GAAP pre-tax net loss was $29.3 million, down 35% from $45.2 million in the prior year's same quarter and non-GAAP adjusted EBITDA loss was $22.8 million, down 38% from $36.5 million in the prior year's same quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Liquidity.** As of April 30, 2025, cash and cash equivalents on the balance sheet was $196.3 million, ChargePoint's $150.0 million revolving credit facility remains undrawn and ChargePoint has no debt maturities until 2028.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Shares Outstanding.** As of April 30, 2025, the Company had approximately 462 million shares of common stock outstanding.

For reconciliation of GAAP and non-GAAP results, please see the tables below.

------

**Business Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ChargePoint announced new AC product architecture that will feature bidirectional charging and will underpin future AC charger models sold across North America and Europe, with variants being designed for commercial, residential, and fleet applications.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• ChargePoint announced an industry-first partnership with Eaton Corporation, an intelligent power management company, in which the companies will integrate EV charging and infrastructure solutions and co-develop new technologies to advance vehicle-to-everything (V2X) capabilities.

**Second Quarter of Fiscal 2026 Guidance**

For the second fiscal quarter ending July 31, 2025, ChargePoint expects revenue of $90 million to $100 million.

ChargePoint remains committed to its plans of achieving positive non-GAAP adjusted EBITDA during a quarter in fiscal year 2026.

ChargePoint is not able to present a reconciliation of its forward-looking non-GAAP Adjusted EBITDA goal to the corresponding GAAP measure because certain potential future adjustments, which may be significant and may include, among other items, stock-based compensation expense, are uncertain or out of its control, or cannot be reasonably predicted without unreasonable effort. The actual amounts of such reconciling items could have a significant impact on ChargePoint's GAAP Net Loss.

**Conference Call Information**

ChargePoint will host a webcast today at 1:30 p.m. Pacific / 4:30 p.m. Eastern to review its first quarter fiscal year 2026 financial results.

Investors may access the webcast, supplemental financial information and investor presentation at ChargePoint's investor relations website (<u>investors.chargepoint.com</u>) under the "Events and Presentations" section. A replay will be available after the conclusion of the webcast and archived for one year.

**About ChargePoint**

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. For more information, visit the <u>ChargePoint pressroom</u>, the <u>ChargePoint Investor Relations</u> site, or contact the ChargePoint press office or *<u>Investor Relations</u>*.

------

**Forward-Looking Statements**

**Use of Non-GAAP Financial Measures**

ChargePoint has provided financial information in this press release 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 supplemental information to investors regarding ChargePoint's underlying operating performance because they exclude items ChargePoint believes are unrelated to, and may not be indicative of, its core operating results.

The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with ChargePoint's consolidated financial statements prepared in accordance with GAAP. A reconciliation of ChargePoint's historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.

*Non-GAAP Gross Profit (Gross Margin).* ChargePoint defines non-GAAP gross profit as gross profit excluding stock-based compensation expense, and amortization expense of acquired intangible assets. Non-GAAP gross margin is non-GAAP gross profit as a percentage of revenue.

------

*Non-GAAP Cost of Revenue and Operating Expenses (includes Non-GAAP research and development, Non-GAAP sales and marketing and Non-GAAP general and administrative).* ChargePoint defines non-GAAP cost of revenue and operating expenses as cost of revenue and operating expenses excluding stock-based compensation expense, amortization expense of acquired intangible assets, non-cash charges related to tax liabilities and litigation settlements, including associated non-recurring legal expenses and professional service fees.

*Non-GAAP Net Loss.* ChargePoint defines non-GAAP net loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, non-cash charges related to tax liabilities and litigation settlements, including associated non-recurring legal expenses and professional service fees. These amounts reflect the impact of any related tax effects. Non-GAAP pre-tax net loss is non-GAAP net loss adjusted for provision for income taxes.

*Non-GAAP Adjusted EBITDA Loss*. ChargePoint defines non-GAAP adjusted EBITDA loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, non-cash charges related to tax liabilities and litigation settlements, including associated non-recurring legal expenses and professional service fees, and further adjusted for provision of income taxes, depreciation, interest income and expense, and other income and expense (net).

Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures to analyze financial results and trends. In particular, many of the adjustments to ChargePoint's GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in its financial results for the foreseeable future, such as stock-based compensation, which is an important part of ChargePoint's employees' compensation and impacts hiring, retention and performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that ChargePoint excludes in its calculation of non-GAAP financial measures may differ from the components that other companies exclude when they report their non-GAAP results. In the future, ChargePoint may also exclude other expenses it determines do not reflect the performance of ChargePoint's operating results.

CHPT-IR

**Contacts**

**<u>Investor Relations</u>**

<u>investors@chargepoint.com</u>

**<u>Press</u>**

John Paolo Canton

Vice President, Communications

<u>JP.Canton@chargepoint.com</u>

AJ Gosselin

Director, Corporate Communications

<u>AJ.Gosselin@chargepoint.com</u> 

<u>media@chargepoint.com</u>

------

**ChargePoint Holdings, Inc.**

**PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**

**(In thousands, except per share amounts; unaudited)**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended** <br>**April 30,** | **Three Months Ended** <br>**April 30,** |
| | **2025** | **2024** |
| **Revenue** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Networked charging systems | $52059 | $65374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subscriptions | 38020 | 33444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 7561 | 8224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue | 97640 | 107042 |
| **Cost of revenue** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Networked charging systems | 48638 | 61066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subscriptions | 15366 | 17742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 5650 | 4624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cost of revenue | 69654 | 83432 |
| **Gross profit** | 27986 | 23610 |
| **Operating expenses** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and development | 33510 | 36052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales and marketing | 26192 | 35000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 22124 | 19697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 81826 | 90749 |
| **Loss from operations** | (53840) | (67139) |
| Interest income | 1164 | 3209 |
| Interest expense | (6436) | (6611) |
| Other income (expense), net | 2613 | (850) |
| **Net loss before income taxes** | (56499) | (71391) |
| Provision for income taxes | 622 | 408 |
| **Net loss** | $(57121) | $(71799) |
| Net loss per share, basic and diluted | $(0.12) | $(0.17) |
| Weighted average shares outstanding, basic and diluted | 459045570 | 423290222 |

---

------

**ChargePoint Holdings, Inc.**

**PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS**

**(In thousands, unaudited)**

---

| | | |
|:---|:---|:---|
| | **April 30, 2025** | **January 31, 2025** |
| **Assets** | | |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $195949 | $224571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted cash | 400 | 400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 98685 | 95906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 212428 | 209262 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 46855 | 36435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 554317 | 566574 |
| Property and equipment, net | 32712 | 35361 |
| Intangible assets, net | 67955 | 66175 |
| Operating lease right-of-use assets | 14103 | 14680 |
| Goodwill | 221176 | 207540 |
| Other assets | 7345 | 7845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**897608** | $**898175** |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $52170 | $64050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued and other current liabilities | 141637 | 124679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 110635 | 105017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 304442 | 293746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue, noncurrent | 135961 | 134198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt, noncurrent | 307843 | 297092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities | 14356 | 15267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax liabilities | 12392 | 12036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other long-term liabilities | 4026 | 8365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 779020 | 760704 |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock | 46 | 46 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 2072422 | 2054296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (5321) | (25433) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (1948559) | (1891438) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 118588 | 137471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and stockholders' equity** | $**897608** | $**898175** |

---

------

**ChargePoint Holdings, Inc.**

**PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(In thousands, unaudited)**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended <br>April 30,** | **Three Months Ended <br>April 30,** |
| | **2025** | **2024** |
| **Cash flows from operating activities** |  |  |
| Net loss | $(57121) | $(71799) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 6928 | 7445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-cash operating lease cost | 876 | 941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 17863 | 21599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of deferred contract acquisition costs | 844 | 785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paid-in-kind non-cash interest expense | 9397 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign currency transaction (gain) loss | (3499) | 463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reserves and other | 1644 | 8842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | (13) | 4783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 2816 | (24977) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | (10703) | (2879) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable, operating lease liabilities, and accrued and other liabilities | (6418) | (11255) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 4418 | 3510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities | (32968) | (62542) |
| **Cash flows from investing activities** |  |  |
| Purchases of property and equipment | (1060) | (3468) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities | (1060) | (3468) |
| **Cash flows from financing activities** |  |  |
| Proceeds from the issuance of common stock under employee equity plans, net of tax withholding | 1288 | 3525 |
| Change in driver funds and amounts due to customers | 1149 | (2483) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 2437 | 1042 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 2969 | (583) |
| Net decrease in cash, cash equivalents, and restricted cash | (28622) | (65551) |
| Cash, cash equivalents, and restricted cash at beginning of period | 224971 | 357810 |
| Cash, cash equivalents, and restricted cash at end of period | $196349 | $292259 |

---

------

**ChargePoint Holdings, Inc.**

**RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES**

**(In thousands, unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended**<br>**April 30, 2025** | **Three Months Ended**<br>**April 30, 2025** | **Three Months Ended<br>April 30, 2024** | **Three Months Ended<br>April 30, 2024** |
| **Cost of Revenue:** | | | | |
| **GAAP cost of revenue (as a percentage of revenue)** | $**69654** | **71%** | $**83432** | **78%** |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | (1223) |  | (1084) |  |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | (766) |  | (763) |  |
| **Non-GAAP cost of revenue (as a percentage of revenue)** | $**67665** | **69%** | $**81585** | **76%** |
| **Gross Profit:** |  |  |  |  |
| **GAAP gross profit (gross margin as a percentage of revenue)** | $**27986** | **29%** | $**23610** | **22%** |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | 1223 |  | 1084 |  |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | 766 |  | 763 |  |
| **Non-GAAP gross profit (gross margin as a percentage of revenue)** | $**29975** | **31%** | $**25457** | **24%** |
| **Operating Expenses:** |  |  |  |  |
| **GAAP research and development (as a percentage of revenue)** | $**33510** | **34%** | $**36052** | **34%** |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | (8614) |  | (8303) |  |
| **Non-GAAP research and development (as a percentage of revenue)** | $**24896** | **25%** | $**27749** | **26%** |
| **GAAP sales and marketing (as a percentage of revenue)** | $**26192** | **27%** | $**35000** | **33%** |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | (3079) |  | (5441) |  |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | (2275) |  | (2261) |  |
| **Non-GAAP sales and marketing (as a percentage of revenue)** | $**20838** | **21%** | $**27298** | **26%** |
| **GAAP general and administrative (as a percentage of revenue)** | $**22124** | **23%** | $**19697** | **18%** |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | (4947) |  | (6771) |  |
| &nbsp;&nbsp;Other adjustments (1) | (6259) |  | (1609) |  |
| **Non-GAAP general and administrative (as a percentage of revenue)** | $**10918** | **11%** | $**11317** | **11%** |
| **GAAP Operating Expenses (as a percentage of revenue)** | $**81826** | **84%** | $**90749** | **85%** |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | (16640) |  | (20515) |  |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | (2275) |  | (2261) |  |
| &nbsp;&nbsp;Other adjustments (1) | (6259) |  | (1609) |  |
| **Non-GAAP Operating Expenses (as a percentage of revenue)** | $**56652** | **58%** | $**66364** | **62%** |
| **Net Loss:** |  |  |  |  |
| **GAAP net loss (as a percentage of revenue)** | $**(57121)** | **(59)%** | $**(71799)** | **(67)%** |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | 17863 |  | 21599 |  |
| &nbsp;&nbsp;&nbsp;Amortization of intangible assets | 3041 |  | 3024 |  |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended**<br>**April 30, 2025** | **Three Months Ended**<br>**April 30, 2025** | **Three Months Ended<br>April 30, 2024** | **Three Months Ended<br>April 30, 2024** |
| &nbsp;&nbsp;Other adjustments (1) | 6259 |  | 1609 |  |
| **Non-GAAP net loss (as a percentage of revenue)** | $**(29958)** | **(31)%** | $**(45567)** | **(43)%** |
| &nbsp;&nbsp;&nbsp;Provision for income taxes | 622 |  | 408 |  |
| **Non-GAAP pre-tax net loss (as a percentage of revenue)** | $**(29336)** | **(30)%** | $**(45159)** | **(42)%** |
| &nbsp;&nbsp;&nbsp;Depreciation | 3887 |  | 4421 |  |
| &nbsp;&nbsp;&nbsp;Interest income | (1164) |  | (3209) |  |
| &nbsp;&nbsp;&nbsp;Interest expense | 6436 |  | 6611 |  |
| &nbsp;&nbsp;&nbsp;Other expense (income), net | (2613) |  | 850 |  |
| **Non-GAAP Adjusted EBITDA Loss (as a percentage of revenue)** | $**(22790)** | **(23)%** | $**(36486)** | **(34)%** |

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&nbsp;&nbsp;&nbsp;&nbsp;(1)Consists of non-cash charges related to tax liabilities and litigation settlements, including associated non-recurring legal expenses and professional service fees.