ChargePoint Holdings Files Q3 FY25 10-Q

TL;DR

CHPT filed its Q3 FY25 10-Q, showing latest revenue and financial details.

AI Summary

ChargePoint Holdings, Inc. filed its 10-Q for the period ending October 31, 2024. The company reported revenue for the third quarter of fiscal year 2025, which ended October 31, 2024. Specific financial figures for this quarter and year-to-date are detailed within the filing.

Why It Matters

This filing provides investors with the latest financial performance data for ChargePoint, a key player in the electric vehicle charging infrastructure market, impacting its stock valuation and future investment decisions.

Risk Assessment

Risk Level: medium — As a publicly traded company, ChargePoint's financial filings inherently carry medium risk due to market volatility and the competitive nature of the EV charging industry.

Key Numbers

• 2024-10-31 — Fiscal Period End (This date marks the end of the reporting quarter for the 10-Q filing.)
• 2024-12-06 — Filing Date (The date ChargePoint Holdings, Inc. submitted this 10-Q to the SEC.)

Key Players & Entities

• ChargePoint Holdings, Inc. (company) — Filer of the 10-Q
• 2024-10-31 (date) — End of reporting period
• 2024-12-06 (date) — Filing date
• 2025 (date) — Fiscal year

FAQ

Key Financial Figures

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

Filing Documents

• chpt-20241031.htm (10-Q) — 1581KB
• chpt10q2025q3ex311.htm (EX-31.1) — 11KB
• chpt10q2025q3ex312.htm (EX-31.2) — 11KB
• chpt10q2025q3ex321.htm (EX-32.1) — 5KB
• chpt10q2025q3ex322.htm (EX-32.2) — 5KB
• 0001777393-24-000189.txt ( ) — 7304KB
• chpt-20241031.xsd (EX-101.SCH) — 47KB
• chpt-20241031_cal.xml (EX-101.CAL) — 71KB
• chpt-20241031_def.xml (EX-101.DEF) — 203KB
• chpt-20241031_lab.xml (EX-101.LAB) — 618KB
• chpt-20241031_pre.xml (EX-101.PRE) — 441KB
• chpt-20241031_htm.xml (XML) — 943KB

- 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 31 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 44 Item 4.

Controls and Procedures

Controls and Procedures 44

- Other Information

Part II - Other Information Item 1.

Legal Proceedings

Legal Proceedings 45 Item 1A.

Risk Factors

Risk Factors 45 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 83 Item 3. Defaults Upon Senior Securities 83 Item 4. Mine Safety Disclosures 83 Item 5. Other Information 83 Item 6. Exhibits 84

Signatures

Signatures 85 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 October 31, 2024 and January 31, 2024 (unaudited) 6 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended October 31, 2024 and 2023 (unaudited) 7 Condensed Consolidated Statements of Comprehensive Loss for the Three and Nine Months Ended October 31, 2024 and 2023 (unaudited) 8 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended October 31, 2024 and 2023 (unaudited) 9 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended October 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) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 219,409 $ 327,410 Restricted cash 400 30,400 Accounts receivable, net of allowance of $ 16,000 as of October 31, 2024 and $ 14,000 as of January 31, 2024 111,854 124,049 Inventories 221,988 198,580 Prepaid expenses and other current assets 66,467 62,244 Total current assets 620,118 742,683 Property and equipment, net 37,909 42,446 Intangible assets, net 71,662 80,555 Operating lease right-of-use assets 14,782 15,362 Goodwill 214,303 213,750 Other assets 7,564 8,567 Total assets $ 966,338 $ 1,103,363 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 74,056 $ 71,081 Accrued and other current liabilities 143,163 159,104 Deferred revenue 102,787 99,968 Total current liabilities 320,006 330,153 Deferred revenue, noncurrent 134,056 131,471 Debt, noncurrent 299,410 283,704 Operating lease liabilities 16,019 17,350 Deferred tax liabilities 10,343 11,252 Other long-term liabilities 5,523 1,757 Total

View Full Filing

View this 10-Q filing on SEC EDGAR