ChargePoint Holdings Files 10-Q for Q2 FY25

TL;DR

CHPT 10-Q filed: Q2 FY25 results in. Check revenue vs last year.

AI Summary

ChargePoint Holdings, Inc. filed its 10-Q for the period ending July 31, 2024. The company reported revenue for the second quarter of fiscal year 2025, which ended July 31, 2024, and compared it to the same period in the prior year. Specific financial figures for revenue and other key metrics are detailed within the filing.

Why It Matters

This filing provides investors with an update on ChargePoint's financial performance, including revenue figures for the latest quarter, which is crucial for assessing the company's growth and market position in the electric vehicle charging infrastructure sector.

Risk Assessment

Risk Level: medium — ChargePoint operates in a rapidly evolving and competitive market, facing risks related to technological advancements, regulatory changes, and economic conditions that could impact its financial performance.

Key Numbers

• 2024-07-31 — End of Reporting Period (Indicates the close of the fiscal quarter for which financial data is reported.)
• 2024-09-09 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)

Key Players & Entities

• ChargePoint Holdings, Inc. (company) — Filer of the 10-Q
• 20240731 (date) — End of the reporting period
• 20240909 (date) — Filing date
• Switchback Energy Acquisition Corp (company) — Former company name

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 CHPT New York Stock Exchange Indicate

Filing Documents

• chpt-20240731.htm (10-Q) — 1496KB
• chpt10q2025q2ex31.htm (EX-3.1) — 300KB
• chpt10q2025q2ex101.htm (EX-10.1) — 4KB
• chpt10q2025q2ex102.htm (EX-10.2) — 16KB
• chpt10q2025q2ex311.htm (EX-31.1) — 11KB
• chpt10q2025q2ex312.htm (EX-31.2) — 11KB
• chpt10q2025q2ex321.htm (EX-32.1) — 5KB
• chpt10q2025q2ex322.htm (EX-32.2) — 5KB
• chpt10q2025q2ex101001.jpg (GRAPHIC) — 299KB
• chpt10q2025q2ex102001.jpg (GRAPHIC) — 874KB
• chpt10q2025q2ex102002.jpg (GRAPHIC) — 71KB
• 0001777393-24-000139.txt ( ) — 9169KB
• chpt-20240731.xsd (EX-101.SCH) — 46KB
• chpt-20240731_cal.xml (EX-101.CAL) — 70KB
• chpt-20240731_def.xml (EX-101.DEF) — 206KB
• chpt-20240731_lab.xml (EX-101.LAB) — 612KB
• chpt-20240731_pre.xml (EX-101.PRE) — 441KB
• chpt-20240731_htm.xml (XML) — 892KB

- Financial Information

Part I - Financial Information Item 1. Condensed Consolidated Financial Statements (Unaudited) 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 43 Item 4.

Controls and Procedures

Controls and Procedures 43

- Other Information

Part II - Other Information Item 1.

Legal Proceedings

Legal Proceedings 44 Item 1A.

Risk Factors

Risk Factors 44 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 82 Item 3. Defaults Upon Senior Securities 82 Item 4. Mine Safety Disclosures 82 Item 5. Other Information 82 Item 6. Exhibits 83

Signatures

Signatures 84 2 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This quarterly report on Form 10-Q (this "Quarterly Report") includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements could include, among other things, statements regarding the future financial performance of ChargePoint Holdings, Inc. ("ChargePoint" or the "Company," or "we," "us," "our" and similar terms), as well as ChargePoint's strategy, future operations, research and development initiatives, future operating results, financial position, and resources, expectations regarding revenue, losses, costs, margins and prospects, as well as management plans and objectives. All statements, other than statements of present or historical fact included in this Quarterly Report, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "intend," "believe," "estimate," "continue," "project" or negatives of such terms and other similar expressions that predict or indicate future events or trends or that are not statements of present or historical matters. These statements are based on various assumptions, whether or not identified herein, and on the current expectations of ChargePoint's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of, fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances a

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA ChargePoint Holdings, Inc. Unaudited Condensed Consolidated Financial Statements Condensed Consolidated Balance Sheets as of July 31, 2024 and January 31, 2024 (unaudited) 6 Condensed Consolidated Statements of Operations for the Three and Six Months Ended July 31, 2024 and 2023 (unaudited) 7 Condensed Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended July 31, 2024 and 2023 (unaudited) 8 Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended July 31, 2024 and 2023 (unaudited) 9 Condensed Consolidated Statements of Cash Flows for the Six Months Ended July 31, 2024 and 2023 (unaudited) 10 Notes to Condensed Consolidated Financial Statements (unaudited) 12 5 ChargePoint Holdings, Inc. Condensed Consolidated Balance Sheets (in thousands, except share and per share data, unaudited) July 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 243,263 $ 327,410 Restricted cash 400 30,400 Accounts receivable, net of allowance of $ 15,500 as of July 31, 2024 and $ 14,000 as of January 31, 2024 111,480 124,049 Inventories 228,519 198,580 Prepaid expenses and other current assets 69,249 62,244 Total current assets 652,911 742,683 Property and equipment, net 39,306 42,446 Intangible assets, net 74,490 80,555 Operating lease right-of-use assets 15,604 15,362 Goodwill 213,757 213,750 Other assets 7,709 8,567 Total assets $ 1,003,777 $ 1,103,363 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 71,441 $ 71,081 Accrued and other current liabilities 146,679 159,104 Deferred revenue 102,863 99,968 Total current liabilities 320,983 330,153 Deferred revenue, noncurrent 135,690 131,471 Debt, noncurrent 285,675 283,704 Operating lease liabilities 17,102 17,350 Deferred tax liabilities 11,933 11,252 Other long-term liabilities 1,504 1,757 Total liabilities 772,887 77

View Full Filing

View this 10-Q filing on SEC EDGAR