ChargePoint closed Q4 with $142 million in cash after making a $40 million payment on a debt exchange announced in November. Full-year FY26 net cash usage was reduced to $43 million from $133 million in the prior year, and future interest payments will be recorded as liabilities, reducing interest expense over time.

Q4 revenue reached $109 million, up 3% sequentially and 7% year-over-year, led by $58 million in network charging systems (53% of sales), $42 million in subscription revenue (39%), and $9 million in other revenue (8%). Non-GAAP gross margin was a record 33%, flat sequentially and up 3 percentage points year-over-year, while subscription margin hit a new GAAP high of 64%.

Commercial billings accounted for 78% of Q4 billings, with North America contributing 77% of revenue and Europe delivering a record 23% share on robust double-digit growth. Key performance indicators showed nearly 130,000 software-only managed ports, over 100,000 AC ports exceeding 30% utilization at least one day in January, and 1.48 million monthly active users, up 8% year-over-year.

Management plans a major mobile app update to improve driver guidance and site economics, and expects margin gains from the ramp of the Flex single-port AC line and next-generation DC products in H2. Recent customer wins include a $7.5 million initial commitment from RAW Charging, expanded work with Ford Pro and Georgia Power, and continued collaboration with Eaton. Guidance for Q1 FY27 revenue is $90 million to $100 million.