NYSE$CHPT
Chargepoint Holdings Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
ChargePoint's third quarter execution fell short of goals due to challenging macroeconomic conditions and execution challenges, but the balance sheet was fortified.
ChargePoint reported Q3 fiscal year 2024 results with revenue of $110.3 million, a 12% decrease year-over-year. The company experienced a GAAP gross margin of negative 22% and a GAAP net loss of $158.2 million. They are reaffirming their plan to achieve positive Non-GAAP Adjusted EBITDA in the fourth quarter of calendar year 2024.
- Third quarter revenue was $110.3 million, down 12% year-over-year.
- GAAP gross margin was negative 22%, impacted by a $42 million inventory impairment charge.
- GAAP net loss was $158.2 million, up from $84.5 million in the prior year's same quarter.
- Cash, cash equivalents, and restricted cash totaled $397.4 million as of October 31, 2023.
Headline financials
Revenue & EPS history
ChargePoint · Revenue · Quarterly
$110M
Revenue by segment
ChargePoint · $110M total across 3 segments · Q3 2024
- Networked Charging Systems$73.9M-24.3%67.0%
- Subscriptions$30.6M+41.0%27.7%
- Other$5.83M-4.1%5.3%
Forward guidance
ChargePoint reaffirms plan to achieve positive Non-GAAP Adjusted EBITDA in the fourth quarter of calendar year 2024 (Fourth quarter of fiscal 2025).
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
+0.8%
Avg return
Earnings day
-2.2%
Avg return
5 days after
-6.7%
Avg return
30 days after
52%
13 / 25 earnings
Positive
+21.8%
Q3 2026
Best reaction
-18.2%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +7.9% | -10.0% | — | |
| Q4 2026 | -9.2% | -16.8% | -26.2% | |
| Q3 2026 | +21.8% | +9.5% | -17.4% | |
| Q2 2026 | -6.7% | -2.6% | +10.8% | |
| Q1 2026 | -4.6% | -3.0% | -39.1% | |
| Q4 2025 | +9.6% | +4.5% | -12.6% | |
| Q3 2025 | +16.4% | +20.7% | +0.0% | |
| Q2 2025 | -18.2% | -24.7% | -16.5% | |
| Q1 2025 | +8.9% | +6.0% | +8.9% | |
| Q4 2024 | -6.8% | -7.2% | -12.1% | |
| Q3 2024 | +13.1% | +17.1% | +12.1% | |
| Q2 2024 | -13.4% | -20.8% | -40.6% | |
| Q1 2024 | -6.2% | -2.1% | -9.1% | |
| Q4 2023 | +0.0% | -7.3% | -5.5% | |
| Q3 2023 | -6.3% | -12.3% | -23.3% | |
| Q2 2023 | +8.2% | -3.6% | -0.7% | |
| Q1 2023 | -7.4% | +8.3% | +1.8% | |
| Q4 2022 | +5.0% | +10.1% | +37.9% | |
| Q3 2021 | +1.2% | -2.6% | -16.3% | |
| Q3 2022 | +1.2% | -2.6% | -16.3% | |
| Q2 2021 | +8.6% | +4.1% | -8.7% | |
| Q1 2021 | +3.0% | +8.1% | +17.3% | |
| Q4 2020 | -2.8% | -13.7% | -3.4% | |
| Q4 2021 | -2.8% | -13.7% | -3.4% | |
| Q3 2020 | +0.5% | +0.5% | +0.9% | |
| Q2 2020 | — | — | — | |
| Q1 2019 | — | — | — |
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