EV charging network ChargePoint's Q3 revenue beats expectations

ChargePoint Holdings

04/12/2025 21:21

Overview

ChargePoint Q3 revenue grew 6% yr/yr, beating analyst expectations

Subscription revenue increased 15% yr/yr, boosting gross margins

Company reduced debt by $172 mln post-quarter, over 50% reduction

Outlook

ChargePoint expects Q4 revenue between $100 mln and $110 mln

Result Drivers

SUBSCRIPTION REVENUE - Subscription revenue increased 15% yr/yr, contributing to improved gross margins

DEBT REDUCTION - Co reduced debt by $172 mln post-quarter, strengthening financial position

NEW PLATFORM - Release of ChargePoint Platform aims to enhance station performance and customer response

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$105.67 mln
$96.71 mln (9 Analysts)
Q3 Net Income
-$52.48 mln
Q3 Gross Margin
31%
Q3 Basic EPS
-$2.23
Q3 Gross Profit
$32.49 mln
Q3 Pretax Profit
-$51.59 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for ChargePoint Holdings Inc is $11.00, about 31.7% above its December 3 closing price of $8.35

Press Release: ID:nBw7zN2wGa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)