Zinger Key Points
- ChargePoint reports losses of six cents per share, which met the analyst consensus estimate.
- Quarterly revenue comes in at $97.64 million, which missed the Street estimate of $100.53 million.
- Get access to the leaderboards pointing to tomorrow’s biggest stock movers.
ChargePoint Holdings, Inc. CHPT released its first-quarter results after Wednesday's closing bell. Here's a look at the details from the report.
The Details: ChargePoint reported quarterly losses of six cents per share, which met the analyst consensus estimate. Quarterly revenue came in at $97.64 million, which missed the Street estimate of $100.53 million and is a decrease from revenue of $107.04 million from the same period last year.
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 million, up 14% from $33.4 million from the same period last year.
“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.
Outlook: ChargePoint sees second-quarter revenue in a range of $90 million to $100 million, versus the $108.07 million analyst estimate.
CHPT Price Action: According to data from Benzinga Pro, ChargePoint stock was down 10.12% at 79 cents in Wednesday's extended trading after climbing 13.16% in the regular session.
Read Next:
Photo: Shutterstock
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.