Chargepoint Holdings, Inc. · NYSE:CHPT
Chargepoint — Q1 2025 Earnings Presentation
10 slides from Chargepoint's earnings presentation, Jun 5, 2024
Slide 1: Q1 Fiscal 2025 Financial Results
Q1 Fiscal 2025 Financial Results June 5, 2024 You can find information regarding our use of non-GAAP financial measures in our earnings release dated June 5, 2024, found on the Investor Relations section of our website at https://www.chargepoint.com/ © 2024 ChargePoint Holdings, Inc.
Slide 2: Revenue Diversity
Revenue Diversity By Type By Geography $M $M $160 $150 $160 $150 $130 $130 $116 $116 $120 $110 $107 $120 $110 $107 $80 $80 $40 $40 -- -- Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Networked Charging Systems North America Subscriptions Europe Other Note: Unaudited
Slide 3: Non-GAAP Gross Margin
Non-GAAP Gross Margin 30% 25% 24% 22% 20% 10% 3% 0% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 -10% -18% -20% -30% Note: Unaudited. Fiscal year ending on January 31. 3 © 2024 ChargePoint Holdings, Inc.
Slide 4: Non-GAAP Operating Expenses
Non-GAAP Operating Expenses $100 80% 74% $80 $85 $89 70% 65% $81 $75 62% $60 66% $66 60% $M 59% $40 50% $20 40% -- 30% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Non-GAAP Operating Expenses - Non-GAAP Operating Expenses as % of Revenue Note: Unaudited. Fiscal year ending on January 31. 4 © 2024 ChargeP
Slide 5: Appendix
Appendix © 2024 ChargePoint Holdings, Inc. 5
Slide 6: GAAP Income Statement
GAAP Income Statement ($ in thousands; unaudited; preliminary) Three Months Ended April 30, 2024 2023 Revenue Networked charging systems $ 65,374 $ 98,320 Subscriptions 33,444 26,365 Other 8,224 5,345 Total revenue 107,042 130,030 Cost of revenue Networked charging systems 61,066 80,922 Subscription
Slide 7: GAAP Balance Sheet
GAAP Balance Sheet ($ in thousands; unaudited; preliminary) April 30, January 31, 2024 2024 Assets Current assets: Cash and cash equivalents $ 261,859 $ 327,410 Restricted cash 30,400 30,400 Accounts receivable, net 117,798 124,049 Inventories 223,557 198,580 Prepaid expenses and other current asset
Slide 8: GAAP Statement of Cash Flows
GAAP Statement of Cash Flows ($ in thousands; unaudited; preliminary) Three Months Ended April 30, 2024 2023 Cash flows from operating activities Net loss $ (71,799) $ (79,388) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 7,445 7,053 Non-c
Slide 9: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation ($ in thousands; unaudited; preliminary) Three Three Months Ended Months Ended April 30, 2024 April 30, 2023 Reconciliation of GAAP Net Loss to Non-GAAP Net Loss and Non-GAAP Adjusted EBITDA GAAP net loss $ (71,799) $ (79,388) Stock-based compensation expense 21,599 2
Slide 10: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation ($ in thousands; unaudited; preliminary) Three Months Ended Three Months Ended Three Months Ended Three Months Ended Three Months Ended April 30, 2024 January 31, 2024 October 31, 2023 July 31, 2023 April 30, 2023 Reconciliation of GAAP gross profit (margin) to non-GA