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FINANCIAL RESULTS CHARGEPOINT HOLDINGS, INC. · NYSE: CHPT Q2 FY2027
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Use of Non-GAAP Financial Measures • ChargePoint has provided financial information in this press release that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). ChargePoint uses these non-GAAP financial measures internally in analyzing its financial results. ChargePoint believes that the use of these non-GAAP financial measures is useful to investors to evaluate ongoing operating results and trends and believes they provide meaningful supplemental information to investors regarding ChargePoint’s underlying operating performance because they exclude items ChargePoint believes are unrelated to, and may not be indicative of, its core operating results. • The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with ChargePoint’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of ChargePoint’s historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations. • Non-GAAP Gross Profit (Gross Margin). ChargePoint defines non-GAAP gross profit as gross profit excluding stock-based compensation expense, amortization expense of acquired intangible assets and restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs. Non-GAAP gross margin is non-GAAP gross profit as a percentage of revenue. • Non-GAAP Cost of Revenue and Operating Expenses (includes Non-GAAP research and development, Non-GAAP sales and marketing and Non-GAAP general and administrative). ChargePoint defines non-GAAP cost of revenue and operating expenses as cost of revenue and operating expenses excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees. • Non-GAAP Net Loss. ChargePoint defines non-GAAP net loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, and non-cash charges related to tax liabilities, litigation settlements and other non- recurring transaction costs, including associated non-recurring legal expenses and professional service fees. These amounts reflect the impact of any related tax effects. Non-GAAP pre-tax net loss is non-GAAP net loss adjusted for provision for income taxes. • Non-GAAP Adjusted EBITDA Loss. ChargePoint defines non-GAAP adjusted EBITDA loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, restructuring costs for severances and employment-related termination costs, and facility and other contract termination costs, non-cash charges related to tax liabilities, litigation settlements and other non-recurring transaction costs, including associated non-recurring legal expenses and professional service fees, and further adjusted for provision of income taxes, depreciation, interest income and expense, and other income and (expense), net. • Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures to analyze financial results and trends. In particular, many of the adjustments to ChargePoint’s GAAP financial measures reflect the exclusion of items that are recurring and will be reflected in its financial results for the foreseeable future, such as stock-based compensation, which is an important part of ChargePoint’s employees’ compensation and impacts hiring, retention and performance. Furthermore, these non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP, and the components that ChargePoint excludes in its calculation of non-GAAP financial measures may differ from the components that other companies exclude when they report their non-GAAP results. In the future, ChargePoint may also exclude other expenses it determines do not reflect the performance of ChargePoint’s operating results. • You can find information regarding our use of non-GAAP financial measures in our earnings release dated September 2, 2026, found on the Investor Relations section of our website at https://www.chargepoint.com/ © 2026 ChargePoint Holdings, Inc. 2
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$99 $106 $109 $102 $116 -- $20 $40 $60 $80 $100 $120 $140 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 $99 $106 $109 $102 $116 -- $20 $40 $60 $80 $100 $120 $140 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Revenue Diversity By Type By Geography $M $M Note: Unaudited. Fiscal year ending on January 31. Networked Charging Systems Subscriptions Other North America Europe © 2026 ChargePoint Holdings, Inc. 3
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31% 31% 31% 29% 36% 33% 33% 33% 32% 38% 25% 30% 35% 40% Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 GAAP Gross Margin Non-GAAP Gross Margin Gross Margin Note: Unaudited. Fiscal year ending on January 31. 4© 2026 ChargePoint Holdings, Inc.
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Non-GAAP Operating Expenses Non-GAAP Operating Expenses as % of Revenue- $90 $77 $87 $77 $76 $59 $57 $58 $54 $52 59% 54% 53% 53% 45% 91% 73% 80% 75% 66% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% -- $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 5 Operating Expenses Note: Unaudited. Fiscal year ending on January 31. $M GAAP Operating Expenses GAAP Operating Expenses as % of Revenue- © 2026 ChargePoint Holdings, Inc.
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($22) ($19) ($18) ($19) ($5) -22% -18% -17% -19% -4% -30% -20% -10% 0% ($30) ($20) ($10) $0 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Non-GAAP Adjusted EBITDA Non-GAAP Adjusted EBITDA as % of Revenue Non-GAAP Adjusted EBITDA Note: Unaudited. Fiscal year ending on January 31. 6© 2026 ChargePoint Holdings, Inc. $M
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Appendix
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GAAP Income Statement ($ in thousands; unaudited; preliminary) © 2026 ChargePoint Holdings, Inc. Three months ended July 31, Six months ended July 31, 2026 2025 2026 2025 Revenue Networked Charging Systems $ 62,917 $ 50,421 $ 116,224 $ 102,480 Subscriptions 43,698 39,896 84,473 77,916 Other 9,460 8,273 17,197 15,834 Total revenue 116,075 98,590 217,894 196,230 Cost of revenue Networked Charging Systems 49,495 46,492 98,449 95,130 Subscriptions 18,065 15,534 35,985 30,900 Other 6,213 5,836 11,536 11,486 Total cost of revenue 73,773 67,862 145,970 137,516 Gross profit 42,302 30,728 71,924 58,714 Operating expenses Research and development 32,410 36,479 68,007 69,989 Sales and marketing 23,459 25,033 47,053 51,225 General and administrative 20,492 28,193 38,077 50,317 Total operating expenses 76,361 89,705 153,137 171,531 Loss from operations (34,059) (58,977) (81,213) (112,817) Interest income 499 1,132 835 2,296 Interest expense (279) (6,849) (553) (13,285) Other income (expense), net (236) (323) 4,860 2,290 Net loss before income taxes (34,075) (65,017) (76,071) (121,516) Provision for income taxes 1,549 1,162 2,757 1,784 Net loss $ (35,624) $ (66,179) $ (78,828) $ (123,300) 8
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© 2026 ChargePoint Holdings, Inc. GAAP Balance Sheet ($ in thousands; unaudited; preliminary) 9 July 31, 2026 January 31, 2026 Assets Current assets: Cash and cash equivalents $ 95,330 $ 141,564 Restricted cash 400 400 Accounts receivable, net 86,695 86,132 Inventories 179,468 214,903 Prepaid expenses and other current assets 24,457 19,028 Total current assets 386,350 462,027 Property and equipment, net 20,142 24,665 Intangible assets, net 52,742 60,534 Operating lease right-of-use assets 8,039 11,450 Goodwill 223,153 227,938 Other assets 5,244 5,631 Total assets $ 695,670 $ 792,245 Liabilities and Stockholders’ Equity (Deficit) Current liabilities: Accounts payable $ 80,351 $ 90,094 Accrued and other current liabilities 139,810 $ 141,723 Deferred revenue 122,245 119,381 Debt, current 17,476 32,371 Total current liabilities 359,882 383,569 Deferred revenue, noncurrent 126,310 131,200 Debt, noncurrent 219,462 228,480 Operating lease liabilities 8,376 10,677 Deferred tax liabilities 11,671 13,038 Other long-term liabilities 6,061 3,982 Total liabilities 731,762 770,946 Stockholders’ equity (deficit): Common stock 2 2 Additional paid-in capital 2,157,728 2,128,764 Accumulated other comprehensive income (3,359) 4,168 Accumulated deficit (2,190,463) (2,111,635) Total stockholders’ equity (deficit) (36,092) 21,299 Total liabilities and stockholders’ equity (deficit) $ 695,670 $ 792,245
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GAAP Statement of Cash Flows ($ in thousands; unaudited; preliminary) © 2026 ChargePoint Holdings, Inc. 10 Six Months Ended July 31, 2026 2025 Cash flows from operating activities Net loss $ (78,828) $ (123,300) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 12,440 13,854 Non-cash operating lease cost 1,650 1,784 Stock-based compensation 21,561 36,079 Amortization of deferred contract acquisition costs 1,558 1,687 Paid-in-kind non-cash interest expense 387 9,397 Foreign currency transaction (gain) loss 784 (3,922) Reserves and other (9,195) 4,281 Changes in operating assets and liabilities: Accounts receivable, net (1,784) 2,636 Inventories 40,690 3,338 Prepaid expenses and other assets (6,754) 3,374 Accounts payable, operating lease liabilities, and accrued and other liabilities (22,329) 3,295 Deferred revenue (971) 8,377 Net cash used in operating activities (40,791) (39,120) Cash flows from investing activities Purchases of property and equipment (2,105) (2,358) Net cash used in investing activities (2,105) (2,358) Cash flows from financing activities Repayment of borrowings (9,625) — Proceeds from the issuance of common stock under employee equity plans, net of tax withholding 365 1,251 Change in driver funds and amounts due to customers 6,794 6,838 Net cash (used in) provided by financing activities (2,466) 8,089 Effect of exchange rate changes on cash, cash equivalents, and restricted cash (872) 2,941 Net decrease in cash, cash equivalents, and restricted cash (46,234) (30,448) Cash, cash equivalents, and restricted cash at beginning of period 141,964 224,971 Cash, cash equivalents, and restricted cash at end of period $ 95,730 $ 194,523
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GAAP to Non-GAAP Reconciliation ($ in thousands; unaudited; preliminary) 11© 2026 ChargePoint Holdings, Inc. Three Months Ended Three Months Ended Six Months Ended Six Months Ended July 31, 2026 July 31, 2025 July 31, 2026 July 31, 2025 Reconciliation of GAAP Net Loss to Non-GAAP Net Loss and Non-GAAP Adjusted EBITDA Loss: GAAP net loss (as a percentage of revenue) $ (35,624) (31)% $ (66,179) (67)% $ (78,828) (36)% $ (123,300) (63)% Stock-based compensation expense 10,965 18,216 21,560 36,079 Amortization of intangible assets 3,181 3,178 6,394 6,219 Restructuring costs (1) 6,400 — 14,759 — Other adjustments (2) 5,835 11,761 8,526 18,020 Non-GAAP net loss (as a percentage of revenue) $ (9,243) (8)% $ (33,024) (33)% $ (27,589) (13)% $ (62,982) (32)% Provision for income taxes 1,549 1,162 2,757 1,784 Non-GAAP pre-tax net loss (as a percentage of revenue) $ (7,694) (7)% $ (31,862) (32)% $ (24,832) (11)% $ (61,198) (31)% Depreciation 2,926 3,748 6,045 7,635 Interest income (499) (1,132) (835) (2,296) Interest expense 279 6,849 553 13,285 Other expense (income), net 236 323 (4,860) (2,290) Non-GAAP Adjusted EBITDA Loss (as a percentage of revenue) $ (4,752) (4)% $ (22,074) (22)% $ (23,929) (11)% $ (44,864) (23)% (1) Consists of restructuring costs of severances and employment-related termination costs, and facility and other contract termination costs. (2) Consists of non-cash charges related to tax liabilities, litigation settlements and other non -recurring transaction costs, including associated non-recurring legal expenses and professional service fees.
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GAAP to Non-GAAP Reconciliation ($ in thousands; unaudited; preliminary) © 2026 ChargePoint Holdings, Inc. (1) Consists of restructuring costs of severances and employment-related termination costs, and facility and other contract termination costs. (2) Consists of non-cash charges related to tax liabilities, litigation settlements and other non -recurring transaction costs, including associated non-recurring legal expenses and professional service fees. 12 Three Months Ended Three Months Ended Three Months Ended Three Months Ended Three Months Ended July 31, 2026 April 30, 2026 January 31, 2026 October 31, 2025 July 31, 2025 Reconciliation of GAAP Net Loss to Non-GAAP Net Loss and Non-GAAP Adjusted EBITDA Loss: GAAP net loss (as a percentage of revenue) $ (35,624) (31)% $ (43,204) (42)% $ (44,418) (41)% $ (52,479) (50)% $ (66,179) (67)% Stock-based compensation expense 10,965 10,595 13,160 15,455 18,216 Amortization of intangible assets 3,181 3,213 3,228 3,213 3,178 Restructuring costs (1) 6,400 8,359 — — — Other adjustments (2) 5,835 2,691 14,962 2,716 11,761 Non-GAAP net loss (as a percentage of revenue) $ (9,243) (8)% $ (18,346) (18)% $ (13,068) (12)% $ (31,095) (29)% $ (33,024) (33)% Provision for income taxes 1,549 1,208 1,370 894 1,162 Non-GAAP pre-tax net loss (as a percentage of revenue) $ (7,694) (7)% $ (17,138) (17)% $ (11,698) (11)% $ (30,201) (29)% $ (31,862) (32)% Depreciation 2,926 3,119 3,250 3,502 3,748 Gain on debt exchange — — (11,223) — — Interest income (499) (336) (1,096) (1,096) (1,132) Interest expense 279 274 2,514 8,061 6,849 Other expense (income), net 236 (5,096) (133) 285 323 Non-GAAP Adjusted EBITDA Loss (as a percentage of revenue) $ (4,752) (4)% $ (19,177) (19)% $ (18,386) (17)% $ (19,449) (18)% $ (22,074) (22)%
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GAAP to Non-GAAP Reconciliation ($ in thousands; unaudited; preliminary) © 2026 ChargePoint Holdings, Inc. (1) Consists of restructuring costs of severances and employment-related termination costs, and facility and other contract termination costs. (2) Consists of non-cash charges related to tax liabilities, litigation settlements and other non -recurring transaction costs, including associated non-recurring legal expenses and professional service fees. 13 Three Months Ended Three Months Ended Three Months Ended Three Months Ended Three Months Ended July 31, 2026 April 30, 2026 January 31, 2026 October 31, 2025 July 31, 2025 Reconciliation of GAAP gross profit (margin) to non -GAAP gross profit (margin): GAAP gross profit (gross margin as a percentage of revenue) $ 42,302 36 % $ 29,622 29 % $ 34,402 31 % $ 32,486 31 % $ 30,728 31 % Stock-based compensation expense 871 991 1,006 1,222 1,251 Amortization of intangible assets 796 803 806 803 796 Restructuring costs (1) 624 730 — — — Non-GAAP gross profit (gross margin as a percentage of revenue) $ 44,593 38 % $ 32,146 32 % $ 36,214 33 % $ 34,511 33 % $ 32,775 33 % Reconciliation of GAAP total operating expenses to non -GAAP total operating expenses: GAAP Operating Expenses (as a percentage of revenue) $ 76,361 66 % $ 76,776 75 % $ 87,388 80 % $ 76,821 73 % $ 89,705 91 % Stock-based compensation expense (10,094) (9,604) (12,154) (14,233) (16,965) Amortization of intangible assets (2,385) (2,410) (2,422) (2,410) (2,382) Restructuring costs (1) (5,776) (7,629) — — — Other adjustments (2) (5,835) (2,691) (14,962) (2,716) (11,761) Non-GAAP Operating Expenses (as a percentage of revenue) $ 52,271 45 % $ 54,442 53 % $ 57,850 53 % $ 57,462 54 % $ 58,597 59 %