Slide 1: Q3 Fiscal 2024 Financial Results
Q3 Fiscal 2024 Financial Results December 6, 2023 © 2023 ChargePoint Holdings, Inc.
Slide 2: Revenue Diversity
Revenue Diversity By Type By Geography $M $M $160 $153 $150 $153 $150 $160 $125 $130 $130 $125 $120 $110 $120 $110 $80 $80 $40 $40 -- -- Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Networked Charging Systems North America Subscriptions Europe Other Note: Unaudited
Slide 3: Non-GAAP Gross Margin
Non-GAAP Gross Margin 30% 25% 23% 20% 20% 10% 3% 0% Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 -10% -18% -20% -30% Note: Unaudited. Fiscal year ending on January 31. 3 © 2023 ChargePoint Holdings, Inc.
Slide 4: Non-GAAP Operating Expenses
Non-GAAP Operating Expenses $100 80% 74% $80 $85 $89 70% $79 $81 $81 66% $60 60% 63% $M 59% $40 50% 53% $20 40% -- 30% Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Non-GAAP Operating Expenses - Non-GAAP Operating Expenses as % of Revenue Note: Unaudited. Fiscal year ending on January 31. 4 © 2023 ChargeP
Slide 5: Appendix
Appendix © 2023 ChargePoint Holdings, Inc. 5
Slide 6: GAAP Income Statement
GAAP Income Statement ($ in thousands; unaudited; preliminary) Three Months Ended Nine Months Ended October 31, October 31, 2023 2022 2023 2022 Revenue Networked charging systems $ 73,893 $ 97,592 $ 286,788 $ 241,291 Subscriptions 30,559 21,670 86,935 59,561 Other 5,831 6,079 17,084 14,415 Total rev
Slide 7: GAAP Balance Sheet
GAAP Balance Sheet ($ in thousands; unaudited; preliminary) October 31, January 31, 2023 2023 Assets Current assets: Cash and cash equivalents $ 367,012 $ 264,162 Restricted cash 30,400 30,400 Short-term investments — 104,966 Accounts receivable, net 151,804 164,892 Inventories 199,120 68,730 Prepai
Slide 8: GAAP Statement of Cash Flows
GAAP Statement of Cash Flows ($ in thousands; unaudited; preliminary) Nine Months Ended October 31, 2023 2022 Cash flows from operating activities Net loss $ (362,861) $ (266,446) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 21,160 18,562
Slide 9: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation ($ in thousands; unaudited; preliminary) Three Three Nine Nine Months Ended Months Ended Months Ended Months Ended October 31, 2023 October 31, 2022 October 31, 2023 October 31, 2022 Reconciliation of GAAP Net Loss to Non-GAAP Net Loss and Non-GAAP Adjusted EBITDA Los
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 October 31, 2023 July 31, 2023 April 30, 2023 January 31, 2023 October 31, 2022 Reconciliation of GAAP gross profit (margin) to non-