U.S.-based electric vehicle charging solutions company ChargePoint has reported a revenue of $101.9 million in the fourth quarter (Q4) of the fiscal year (FY) 2025, a 12% year-over-year (YoY) decline compared to $115.8 million. However, the revenue exceeded analyst expectations by $756,610.

Revenue from networked charging systems in Q4 stood at $52.6 million, a 29% decrease from $74 million in Q4 2023. Subscription revenue grew 14% YoY to $38.3 million, up from $33.5 million.

The company’s earnings per share (EPS) came in at -$0.14, aligning with analyst projections.

ChargePoint’s adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) resulted in a loss of $17.3 million, a 62% rise compared to a $45.3 million loss in the same quarter last year.

The net loss for the quarter was $30.2 million, a 41% increase from the $51.6 million net loss recorded in Q4 2023.

Rick Wilmer, CEO of ChargePoint, noted during the earnings call that a rise in charging solutions requirements accompanies electric vehicle (EV) expansion. He highlighted the upcoming launch of new EV models this year, offering consumers a broader selection with previously unavailable advanced features. These new models are also entering the market at price points that are increasingly competitive with internal combustion vehicles.

ChargePoint believes that free market forces will naturally drive EV adoption even in the absence of subsidies.

Wilmer added that global automotive manufacturers continue reaffirming their commitment to EVs, regardless of their investment in internal combustion engine vehicles. Additionally, companies in multiple industries, including retail, hospitality, and logistics, remain dedicated to reducing their carbon footprint, with EVs playing a central role in their sustainability initiatives.

“As the transition to e-mobility accelerates, EV charging infrastructure remains a critical enabler of this shift. ChargePoint remains committed to supporting this evolving landscape by providing reliable charging solutions to meet the growing demand,” Wilmer said.

Full Fiscal 2025

For the full FY 2025, ChargePoint reported a total revenue of $417.1 million, an 18% decline from $506.6 million in the previous year.

Revenue from networked charging systems totaled $234.8 million for the year, a 35% YoY decrease from $360.8 million. In contrast, subscription revenue increased 20% YoY to $144.3 million, up from $120.4 million.

The company’s EPS for the year came in at -$0.65, an improvement from -$1.22 in the prior fiscal year.

Its adjusted EBITDA reflected a loss of $116.5 million, a notable improvement compared to the $272.7 million loss reported in the previous year.

ChargePoint reported a net loss of $159.2 million for the year, lower than the $296.7 million net loss recorded in FY 2024.

The company finished the year with 342,000 charging ports managed by its software, of which 120,000 are in Europe and over 33,000 are DC fast chargers.

Outlook

For the first fiscal quarter ending April 30, 2025, ChargePoint anticipates revenue ranging from $95 million to $105 million.

The company said it remains focused on achieving positive non-generally accepted accounting principles (GAAP) adjusted EBITDA during at least one quarter in FY 2026.

ChargePoint said it cannot reconcile its projected non-GAAP adjusted EBITDA with the corresponding GAAP measure. This inability is due to the uncertainty surrounding potential future adjustments, which could be significant. These adjustments may include, but are not limited to, stock-based compensation expenses, which are either outside the company’s control or difficult to predict without excessive effort. The final figures for these adjustments could materially impact the company’s GAAP net loss.

ChargePoint reported revenue of $100 million for the third quarter of FY 2025, exceeding its guidance range of $85 million to $95 million.