ChargePoint Holdings, Inc. (NYSE: CHPT) — research brief (BMC #066 on gallery, queue id 65)

Prepared 2026-10-11 (America/Chicago). Labels: FACT = stated by ChargePoint in its Form 10-K for fiscal 2026 (year ended 31 Jan 2026, filed 2 Apr 2026), its Form 10-Q for the quarter ended 31 Jul 2026 (filed 4 Sep 2026) or its Form 8-K of 28 Sep 2026. SECONDARY = none used. INFERENCE = ratios or sums computed by this project from company numbers.

Sources (accessed 2026-10-11)

Form 10-K FY2026: https://www.sec.gov/Archives/edgar/data/1777393/000177739326000013/chpt-20260131.htm
Form 10-Q for the quarter ended 31 Jul 2026: https://www.sec.gov/Archives/edgar/data/1777393/000162828026060770/chpt-20260731.htm
Form 8-K (securities class action settlement term sheet, 28 Sep 2026): https://www.sec.gov/Archives/edgar/data/1777393/000162828026063975/chpt-20260928.htm
Investor relations: https://investors.chargepoint.com/ ; company site https://www.chargepoint.com
Logo: project monogram ("C" on a blue tile), not ChargePoint's official mark. Trademark of ChargePoint; identification only.
Raw text in /workspace/chargepoint-src/.

Teaching arc

Sell chargers at close to cost, earn the profit on software and warranty subscriptions billed upfront, and keep the company alive with a debt exchange and layoffs while volume recovers.

Key numbers (FACT unless noted)

FY2026 (10-K; fiscal year ended 31 Jan 2026)

Revenue $411,224K (FY25 $417,083K, −1%; FY24 $506,639K): Networked Charging Systems $216,514K (−7.8%), Subscriptions $162,387K (+12.5%), Other $32,323K. U.S. $306,953K, rest of world $104,271K.
Cost of revenue $285,622K (hardware $199,668K, subscriptions $61,875K, other $24,079K). Gross profit $125,602K, 30.5% margin (FY25 24.1%, FY24 5.9%). INFERENCE: hardware gross margin ~7.8%, subscriptions ~61.9%, other ~25.5%.
Operating expenses $335,740K (R&D $139,272K; sales and marketing $100,720K; G&A $95,748K). Loss from operations $(210,138)K. Net loss $(220,197)K (FY25 $(277,066)K; FY24 $(457,609)K). Accumulated deficit $2,111.6M.
Operating cash flow $(62,835)K (FY25 $(146,947)K). Cash $141,564K; inventories $214,903K; goodwill $227,938K; deferred revenue $119,381K current + $131,200K noncurrent (INFERENCE sum $250.6M).
Debt: Nov 14, 2025 exchange of $328.6M capitalized principal of 2028 convertible notes for a $186.5M senior loan (12% fixed, matures 31 Jan 2030, lender agent Alter Domus), $25.0M cash and warrants for up to 1,671,000 shares at $25.00; $11.3M of notes remain. $30.0M prepaid in two $15.0M installments (24 Nov 2025 and 17 Feb 2026). Gain on exchange $11.2M.
Scale: 385,000+ active ports, 1.48M+ active drivers quarterly, access to 1.37M ports via roaming; ~1,440 employees at 31 Jan 2026; one channel partner was 14% of receivables.
FY24 included a $70.0M inventory impairment (cash-flow statement).
Business model: designs in-house, contract manufacturers (mostly Asia and Mexico) build; two-tier channel (distributors → value-added resellers → end users); direct sales for large accounts; web store for residential; Eaton partnership for bundled electrical infrastructure and V2X co-development; software also runs on third-party "ChargePoint Compatible" chargers; ChargePoint rarely owns and operates charging infrastructure.

Q2 FY2027 / H1 (10-Q; quarter ended 31 Jul 2026)

Q2 revenue $116,075K vs $98,590K (+18%): hardware $62,917K (+24.8%), subscriptions $43,698K (+9.5%), other $9,460K (+14.3%). Six months revenue $217,894K vs $196,230K (+11%).
Q2 gross profit $42,302K, margin 36.4% (31.2% a year earlier); six months 33.0%. The company cites hardware cost efficiencies, a one-time tariff refund and a slight rise in subscription share.
Loss from operations Q2 $(34,059)K (prior-year $(58,977)K); net loss Q2 $(35,624)K, six months $(78,828)K (prior $(123,300)K). Operating cash outflow six months $(40,791)K.
Cash $95,330K at 31 Jul 2026; debt current $17,476K + noncurrent $219,462K (INFERENCE sum $236.9M).
Reorganizations: 31 Mar 2026 (~146 employees, 10%; $7.3M severance + $1.0M facility) and 29 Jul 2026 (~127 employees, 10%; $5.7M severance + $0.7M facility).

Other items (not modeled on the canvas)

8-K 28 Sep 2026: settlement term sheet for the securities class action (Khan v. ChargePoint), $11.0M cash payment, subject to court approval, no admission of wrongdoing.
The company completed a reverse stock split in 2025 to regain NYSE minimum-price compliance.

Caveats

Segment margins, revenue shares, U.S. share, summed debt and deferred revenue, and "after prepayment" senior loan balance are INFERENCE from company numbers.
Q2 gross margin includes a one-time tariff refund; do not read it as a run-rate.
No guidance figures were taken; none are shown.

# ChargePoint Holdings, Inc. (NYSE: CHPT) — research brief (BMC #066 on gallery, queue id 65) Prepared 2026-10-11 (America/Chicago). Labels: **FACT** = stated by ChargePoint in its Form 10-K for fiscal 2026 (year ended 31 Jan 2026, filed 2 Apr 2026), its Form 10-Q for the quarter ended 31 Jul 2026 (filed 4 Sep 2026) or its Form 8-K of 28 Sep 2026. **SECONDARY** = none used. **INFERENCE** = ratios or sums computed by this project from company numbers. ## Sources (accessed 2026-10-11) - Form 10-K FY2026: https://www.sec.gov/Archives/edgar/data/1777393/000177739326000013/chpt-20260131.htm - Form 10-Q for the quarter ended 31 Jul 2026: https://www.sec.gov/Archives/edgar/data/1777393/000162828026060770/chpt-20260731.htm - Form 8-K (securities class action settlement term sheet, 28 Sep 2026): https://www.sec.gov/Archives/edgar/data/1777393/000162828026063975/chpt-20260928.htm - Investor relations: https://investors.chargepoint.com/ ; company site https://www.chargepoint.com - Logo: project monogram ("C" on a blue tile), **not** ChargePoint's official mark. Trademark of ChargePoint; identification only. - Raw text in /workspace/chargepoint-src/. ## Teaching arc **Sell chargers at close to cost, earn the profit on software and warranty subscriptions billed upfront, and keep the company alive with a debt exchange and layoffs while volume recovers.** ## Key numbers (FACT unless noted) **FY2026 (10-K; fiscal year ended 31 Jan 2026)** - Revenue $411,224K (FY25 $417,083K, −1%; FY24 $506,639K): Networked Charging Systems $216,514K (−7.8%), Subscriptions $162,387K (+12.5%), Other $32,323K. U.S. $306,953K, rest of world $104,271K. - Cost of revenue $285,622K (hardware $199,668K, subscriptions $61,875K, other $24,079K). Gross profit $125,602K, 30.5% margin (FY25 24.1%, FY24 5.9%). INFERENCE: hardware gross margin ~7.8%, subscriptions ~61.9%, other ~25.5%. - Operating expenses $335,740K (R&D $139,272K; sales and marketing $100,720K; G&A $95,748K). Loss from operations $(210,138)K. Net loss $(220,197)K (FY25 $(277,066)K; FY24 $(457,609)K). Accumulated deficit $2,111.6M. - Operating cash flow $(62,835)K (FY25 $(146,947)K). Cash $141,564K; inventories $214,903K; goodwill $227,938K; deferred revenue $119,381K current + $131,200K noncurrent (INFERENCE sum $250.6M). - Debt: Nov 14, 2025 exchange of $328.6M capitalized principal of 2028 convertible notes for a $186.5M senior loan (12% fixed, matures 31 Jan 2030, lender agent Alter Domus), $25.0M cash and warrants for up to 1,671,000 shares at $25.00; $11.3M of notes remain. $30.0M prepaid in two $15.0M installments (24 Nov 2025 and 17 Feb 2026). Gain on exchange $11.2M. - Scale: 385,000+ active ports, 1.48M+ active drivers quarterly, access to 1.37M ports via roaming; ~1,440 employees at 31 Jan 2026; one channel partner was 14% of receivables. - FY24 included a $70.0M inventory impairment (cash-flow statement). - Business model: designs in-house, contract manufacturers (mostly Asia and Mexico) build; two-tier channel (distributors → value-added resellers → end users); direct sales for large accounts; web store for residential; Eaton partnership for bundled electrical infrastructure and V2X co-development; software also runs on third-party "ChargePoint Compatible" chargers; ChargePoint rarely owns and operates charging infrastructure. **Q2 FY2027 / H1 (10-Q; quarter ended 31 Jul 2026)** - Q2 revenue $116,075K vs $98,590K (+18%): hardware $62,917K (+24.8%), subscriptions $43,698K (+9.5%), other $9,460K (+14.3%). Six months revenue $217,894K vs $196,230K (+11%). - Q2 gross profit $42,302K, margin 36.4% (31.2% a year earlier); six months 33.0%. The company cites hardware cost efficiencies, a one-time tariff refund and a slight rise in subscription share. - Loss from operations Q2 $(34,059)K (prior-year $(58,977)K); net loss Q2 $(35,624)K, six months $(78,828)K (prior $(123,300)K). Operating cash outflow six months $(40,791)K. - Cash $95,330K at 31 Jul 2026; debt current $17,476K + noncurrent $219,462K (INFERENCE sum $236.9M). - Reorganizations: 31 Mar 2026 (~146 employees, 10%; $7.3M severance + $1.0M facility) and 29 Jul 2026 (~127 employees, 10%; $5.7M severance + $0.7M facility). ## Other items (not modeled on the canvas) - 8-K 28 Sep 2026: settlement term sheet for the securities class action (Khan v. ChargePoint), $11.0M cash payment, subject to court approval, no admission of wrongdoing. - The company completed a reverse stock split in 2025 to regain NYSE minimum-price compliance. ## Caveats - Segment margins, revenue shares, U.S. share, summed debt and deferred revenue, and "after prepayment" senior loan balance are INFERENCE from company numbers. - Q2 gross margin includes a one-time tariff refund; do not read it as a run-rate. - No guidance figures were taken; none are shown.