Total Revenue

8.8% decline (from 107,042 thousand USD in Q1 FY 2025 to 97,640 thousand USD in Q1 FY 2026) " "

Total Revenue declined by 8.8% YoY, primarily driven by a significant 20% drop in Networked Charging Systems revenue, partially offset by a 13.7% increase in Subscriptions. This continued shift in revenue mix reflects the challenges in traditional hardware sales seen in previous periods while benefiting from recurring subscription growth. " "

Networked Charging Systems

20% drop (from 65,374 thousand USD in Q1 FY 2025 to 52,060 thousand USD in Q1 FY 2026) " " " "

Networked Charging Systems revenue decreased by 20% YoY, largely due to a lower volume of systems delivered. This decline follows the pattern observed in prior periods, where market conditions and shifting customer demand impacted hardware sales, especially in DC product families. " " " "

Subscriptions

13.7% increase (from 33,444 thousand USD in Q1 FY 2025 to 38,020 thousand USD in Q1 FY 2026) " " " "

Subscriptions revenue grew by 13.7% YoY, driven by an expanding installed base and increased recurring revenue from ChargePoint’s software and service offerings. This positive trend builds on previous period results, indicating a stronger reliance on higher-margin, subscription-based models. " " " "

Other

8.1% decline (from 8,224 thousand USD in Q1 FY 2025 to 7,560 thousand USD in Q1 FY 2026) " " " "

Other revenue declined by 8.1% YoY, which may be attributed to a slight reduction in charging session volumes compared to the previous period. This segment’s performance is influenced by market and usage patterns that have also been seen in earlier quarters. " " " "

Gross Profit

18.5% increase (from 23,610 thousand USD in Q1 FY 2025 to 27,986 thousand USD in Q1 FY 2026) " "

Gross Profit improved by 18.5% YoY, reflecting better overall margins. The gain is likely due to a more favorable revenue mix—in which higher-margin subscription revenues increased—and cost improvements that continue the trend from previous periods. " "

Loss from Operations

Improved from a loss of 67,139 thousand USD in Q1 FY 2025 to a loss of 53,840 thousand USD in Q1 FY 2026 " "

The loss from operations improved by 13,299 thousand USD YoY, benefiting from reduced operating expenses and improved gross profit, despite the overall revenue decline. This improvement reflects ongoing cost optimization efforts that were initiated in previous periods. " "

Operating Cash Outflow

47% improvement (declined from 62,542 thousand USD in Q1 FY 2025 to 32,968 thousand USD in Q1 FY 2026) " " "

Operating Cash Outflow was reduced by roughly 47% YoY, indicating enhanced cash management and improved operational efficiency. This improvement aligns with prior trends of reducing cash outlay through cost controls and better working capital management. " " "

Net Loss

20% reduction (narrowed from 71,799 thousand USD in Q1 FY 2025 to 57,121 thousand USD in Q1 FY 2026) " "

Net Loss narrowed by approximately 20% YoY, driven by a combination of improved gross profit, lower operating expenses, and positive trends in key segments like Subscriptions. These factors collectively helped mitigate losses compared to the previous period. " "