ChargePoint Holdings (CHPT), a key player in the EV charging infrastructure, has struggled with financial turbulence, stock price woes, and slowing demand for its charging hardware. However, Q4 2025 results suggest that the company may be turning a corner. With improving margins, disciplined spending, and strategic expansion efforts, is ChargePoint finally charging forward toward a sustainable future?
CHPT stock is up over 12% since its earnings call, which is a good sign. Now, let’s examine the company’s Q4 2025 earnings and explore whether it has truly turned a corner and put the threat of delisting behind it.
Is the Financial Increase Sustainable or Temporary?
ChargePoint posted $102 million in revenue for Q4, slightly above expectations. While overall sales remained below last year, the company achieved a remarkable jump in profitability. Its gross margin improved to 30%, significantly from the previous year, reflecting better cost management and operational efficiency.
Perhaps the biggest win is cash discipline. ChargePoint slashed its cash burn from $31 million in Q3 to just $3 million in Q4, signaling a major shift in financial strategy. With $225 million in cash on hand and no significant debt due until 2028, the company now has the breathing room it desperately needs.
Strategic Growth Without Reckless Spending
Nevertheless, despite cost cuts, ChargePoint is still expanding. Its partnership with General Motors (GM) to deploy 500 DC fast chargers across the U.S. by 2025 is a key growth move, positioning the company as a top player in highway charging. Completing six EV fast-charging corridors in Colorado further highlights its commitment to infrastructure expansion without reckless spending.
Can ChargePoint Keep the Momentum?
Not all signs are positive. Network charging system sales declined 29% year-over-year, indicating demand struggles. External factors like permitting delays and grid infrastructure constraints are still seen as barriers. Furthermore, ChargePoint’s Nasdaq compliance warning in February 2025 highlights lingering investor skepticism. While Q4 was encouraging, consistent execution is needed to regain Wall Street’s trust.
A True Turning Point?
ChargePoint’s Q4 results suggest a real pivot toward financial stability, but it’s not a victory lap yet. The company must prove it can sustain positive momentum, reignite sales growth, and hit its 2026 profitability goal. If it succeeds, Q4 2025 may be remembered as the moment ChargePoint finally got back on track.
Is CHPT a Buy, Hold, or a Sell?
Turning to Wall Street, ChargePoint is considered a Hold. The average price target for CHPT stock is $1.46, implying a 101.82% upside potential.
