ChargePoint Holdings, Inc. (CHPT): restructuring charge — ChargePoint Q2 revenue down 28% YoY to $108.5M, announces 15% workforce cut

ChargePoint Holdings, Inc.

2025-Q2 EPS reported -$0.33 vs consensus -$1.18 ▲ beat (+72.1%)

Revenue $108.5M (down 28% YoY); subscription revenue up 21% to $36.2M.
GAAP net loss $68.9M (improved 45% YoY); non-GAAP Adjusted EBITDA loss $34.1M (improved 58%).
Workforce reduction ~15%; expects annualized GAAP opex savings ~$41M; restructuring costs ~$10M.
Q3 FY2025 revenue guidance $85M-$95M; targeting positive non-GAAP Adjusted EBITDA in FY2026.
Cash $243.7M; $150M undrawn revolver; no debt maturities until 2028.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.95

ChargePoint Holdings, Inc. announced a restructuring with charges of approximately $10 million, primarily consisting of severance benefits, employee benefits and related costs affecting global workforce (approximately 15%).

Type: restructuring
Charge: approximately $10 million, primarily consisting of severance benefits, employee benefits and related costs
Affected area: global workforce
Headcount: approximately 15%

Exact text from the filing

On September 4, 2024, the Company announced the reorganization of its operations including a reduction of the Company's current global workforce by approximately 15% (the “Reorganization”). The Reorganization is expected to result in estimated annualized GAAP and non-GAAP operating expense savings of approximately $41 million and $38 million, respectively, while creating efficiencies by streamlining functions across the Company. The Company estimates the aggregate restructuring costs associated with the Reorganization to be approximately $10 million, primarily consisting of severance benefits, employee benefits and related costs.

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2 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

ChargePoint Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001777393-24-000137

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