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8b3b71b83c0b7853831ec926dd1e0e34541bededcf2eecd21a8ae1a981867095

ChargePoint’s operating cash flow improved dramatically in **Q4 2024** due to several key factors. First, **improved working capital management**—with inventory levels remaining flat and better collection of accounts receivables—helped enhance cash efficiency.  **[CHPT_3376469_6]**  Second, the company achieved a **reduction in operating expenses** (down **8% sequentially** and **7% year-over-year**), which eased cash outflows.  **[CHPT_3376469_6]**  Additionally, several **non-cash adjustments**, including **$21.6 million** in stock‑based compensation, **$8.2 million** in depreciation and amortization, and **$8.8 million** in inventory reserves and other costs, further offset the net cash used.  **[0001777393-24-000080_chpt-20240430.htm:40]** **[0001777393-24-000080_chpt-20240430.htm:5]**  Finally, a modest growth in **deferred revenue**—increasing to **$231 million**—also contributed to the cash flow improvement.  **[CHPT_3376469_6]** 

Why did Operating Cash Flow improve so dramatically in Q4 2024?

The decline in Operating Cash Flow in FY 2024 was mainly driven by a **higher net loss**, which increased from **$(345,108) thousand** in FY 2023 to **$(457,609) thousand** in FY 2024.  **[0001777393-24-000052_chpt-20240131.htm:120]** **[0001777393-24-000052_chpt-20240131.htm:133]** **[0001777393-24-000013_chpt8-kerfy2024q4exx991.htm:7]**  Additionally, a significant **inventory impairment charge of $70,000 thousand**—absent in FY 2023—along with a marked increase in **inventories by $(173,661) thousand** further eroded cash flows.  **[0001777393-24-000052_chpt-20240131.htm:120]** **[0001777393-24-000052_chpt-20240131.htm:133]** **[0001777393-24-000013_chpt8-kerfy2024q4exx991.htm:7]**  Moreover, an increase in **stock-based compensation to $117,327 thousand** in FY 2024 from **$93,350 thousand** in FY 2023, together with mixed changes in operating assets and liabilities (such as a decrease in accounts receivable and slower growth of deferred revenue), compounded the decline in Operating Cash Flow.  **[0001777393-24-000052_chpt-20240131.htm:120]** **[0001777393-24-000052_chpt-20240131.htm:133]** **[0001777393-24-000013_chpt8-kerfy2024q4exx991.htm:7]** 

What drove the decline in Operating Cash Flow in FY 2024?

Operating cash flow improved notably in Q3 2025 because the company reported a **lower net loss** (a decrease from **$362.9 million** to **$218.3 million**), reduced **non-cash charges** (including lower stock-based compensation and the absence of inventory impairment charges), and experienced **less negative changes in operating assets and liabilities**—with smaller increases in inventories and more favorable changes in accounts payable and accrued liabilities.  **[0001777393-24-000189_chpt-20241031.htm:49]** **[0001777393-24-000189_chpt-20241031.htm:7]** 

Why is Operating Cash Flow notably better in Q3 2025?

The shift from negative to positive Investing Cash Flow in **FY 2024** is driven by several key factors. ChargePoint received **$105.0 million** from maturities of short-term investments, which significantly boosted cash inflows. In addition, the company incurred a relatively low cash outflow of **$19.4 million** for purchases of property and equipment compared to the sizeable outflow due to **$284.8 million** spent on short-term investments in **FY 2023**. These factors combined to reverse the cash flow trend from a negative **($126.2 million)** in FY 2023 to a positive **$85.6 million** in FY 2024.  **[0001777393-24-000052_chpt-20240131.htm:120]** 

What explains the shift from negative to positive Investing Cash Flow in FY 2024?

The spike in **Cash Paid for Interest** in **Q1 2025** was primarily caused by the increased **interest expense on ChargePoint's 2028 Convertible Notes**, which were amended in **October 2023**. This amendment resulted in higher interest obligations compared to prior periods, leading to a substantial rise in cash outflow for interest payments.  **[0001777393-24-000080_chpt-20240430.htm:36]** **[0001777393-24-000080_chpt-20240430.htm:5]** 

What caused Cash Paid for Interest to spike in Q1 2025?

30f89f7d3811ffedc546a316412d253c929f5f101c29a1a9dd46b656253960b6

ChargePoint's cash and cash equivalents spiked in Q3 2024 primarily due to the successful at-the-market offering, which raised **$232 million**—including **$175 million** from an institutional investor and an additional **$57 million**—and because the company has no near-term debt maturities along with an undrawn **$150 million** revolving credit facility that bolsters liquidity.  **[CHPT_3368984_6]** **[0001777393-23-000040_chpt8-kerfy2024q3exx991.htm:0]** **[CHPT_3368984_2]** **[0001777393-23-000040_chpt8-kerfy2024q3exx991.htm:0]** 

Why did cash and cash equivalents spike in Q3 2024?

The increase in total assets in **Q3 2024** was primarily driven by several factors. **Cash and cash equivalents** substantially increased from **$264,162 thousand** to **$367,012 thousand** – which included a **$232 million** capital raise through an at-the-market offering facility. Additionally, **inventories** surged from **$68,730 thousand** to **$199,120 thousand** as the company built up inventory levels, partially offset by a slight decrease in **accounts receivable** from **$164,892 thousand** to **$151,804 thousand**.  **[0001777393-23-000040_chpt8-kerfy2024q3exx991.htm:6]** **[0001777393-23-000043_chpt-20231031.htm:3]** **[CHPT_3368984_6]** **[CHPT_3368984_5]** 

Why were total assets significantly higher in Q3 2024?

The documents do not provide definitive details on what drove the increase in noncurrent debt in Q3 2025. They note that the **noncurrent debt** rose from **$283,704 thousand** as of January 31, 2024, to **$299,410 thousand** as of October 31, 2024, but they do not specify what factors caused this change. While potential reasons such as **new debt issuance, refinancing, or adjustments related to interest and other financial arrangements** are mentioned as possibilities, no explicit explanation is provided in the documents.  **[0001777393-24-000173_chpt8-kerfy2025q3exx991.htm:6]** **[0001777393-24-000189_chpt-20241031.htm:3]** 

What drove the increase in noncurrent debt in Q3 2025?

The documents note that **restricted cash** decreased from **$30,400 thousand** to **$400 thousand**, but they do not provide specific reasons for this sharp drop. It is mentioned that while restricted cash often pertains to cash deposits under letters of credit or similar agreements, no further details are provided in the documents.  **[0001777393-24-000139_chpt-20240731.htm:3]** **[0001777393-24-000139_chpt-20240731.htm:11]** 

Why did restricted cash drop sharply in Q2 2025?

5b7d1ca6cd4bf0ba62be4a710a6716bae3f82f2d6a82111f3d56df876b0891d7

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Total Revenue

48f4f953340b45d78212178c82859959ffc9a239b09d08ea4cd3f11bba4d0ceb

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Networked Charging Systems

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f5267e030e93fad41c25fd45cdf072d70ab8d0b1019798869d66c6e6bf98137f

12e85bab53cbee01387f6b80ddc772248e2ea3940a88d7e4226dd9957313adf9

ChargePoint Holdings Inc (CHPT)

Financials