CHARGEPOINT HOLDINGS, INC., 10-Q filed on 9/8/2025
Quarterly Report
v3.25.2
Cover - shares
 6 Months Ended
Jul. 31, 2025
Aug. 29, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jul. 31, 2025  
Document Transition Report false  
Entity File Number 001-39004  
Entity Registrant Name ChargePoint Holdings, Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 84-1747686  
Entity Address, Address Line One 240 East Hacienda Avenue  
Entity Address, City or Town Campbell  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 95008  
City Area Code 408  
Local Phone Number 841-4500  
Title of 12(b) Security Common Stock, par value $0.0001  
Trading Symbol CHPT  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   23,353,260
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q2  
Current Fiscal Year End Date --01-31  
Entity Central Index Key 0001777393  
v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2025
Jan. 31, 2025
Current assets:    
Cash and cash equivalents $ 194,123 $ 224,571
Restricted cash 400 400
Accounts receivable, net of allowance of $18,000 as of July 31, 2025 and $20,100 as of January 31, 2025 96,014 95,906
Inventories 212,407 209,262
Prepaid expenses and other current assets 30,481 36,435
Total current assets 533,425 566,574
Property and equipment, net 29,713 35,361
Intangible assets, net 65,130 66,175
Operating lease right-of-use assets 13,171 14,680
Goodwill 222,155 207,540
Other assets 6,660 7,845
Total assets 870,254 898,175
Current liabilities:    
Accounts payable 72,470 64,050
Accrued and other current liabilities 132,411 124,679
Deferred revenue 115,096 105,017
Total current liabilities 319,977 293,746
Deferred revenue, noncurrent 135,201 134,198
Debt, noncurrent 309,414 297,092
Operating lease liabilities 13,176 15,267
Deferred tax liabilities 12,308 12,036
Other long-term liabilities 9,463 8,365
Total liabilities 799,539 760,704
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock: $0.0001 par value; 1,000,000,000 shares authorized as of July 31, 2025 and January 31, 2025; 23,357,878 and 22,805,115 shares issued and outstanding as of July 31, 2025 and January 31, 2025, respectively (1) [1] 2 2
Preferred stock, $0.0001 par value; 10,000,000 shares authorized as of July 31, 2025 and January 31, 2025; zero shares issued and outstanding as of July 31, 2025 and January 31, 2025 0 0
Additional paid-in capital 2,089,566 2,054,340
Accumulated other comprehensive loss (4,115) (25,433)
Accumulated deficit (2,014,738) (1,891,438)
Total stockholders’ equity 70,715 137,471
Total liabilities and stockholders’ equity $ 870,254 $ 898,175
[1] Amounts have been adjusted to reflect 1-for-20 reverse stock split that became effective on July 28, 2025. See Note 1, “Description of Business and Basis of Presentation” for additional details.
v3.25.2
Condensed Consolidated Balance Sheets (Parenthetical)
$ in Thousands
Jul. 31, 2025
USD ($)
$ / shares
shares
Jan. 31, 2025
USD ($)
$ / shares
shares
Current assets:    
Allowance for credit loss | $ $ 18,000 $ 20,100
Stockholders’ equity:    
Common stock, par value (USD per share) | $ / shares [1] $ 0.0001 $ 0.0001
Common stock, shares authorized (in shares) [1] 1,000,000,000 1,000,000,000
Common stock, shares issued (in shares) [1] 23,357,878 22,805,115
Common stock, shares outstanding (in shares) [1] 23,357,878 22,805,115
Preferred stock, par value (USD per share) | $ / shares $ 0.0001 $ 0.0001
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
[1] Amounts have been adjusted to reflect 1-for-20 reverse stock split that became effective on July 28, 2025. See Note 1, “Description of Business and Basis of Presentation” for additional details.
v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Revenue        
Total revenue $ 98,590 $ 108,539 $ 196,230 $ 215,582
Cost of revenue        
Total cost of revenue 67,862 82,954 137,516 166,387
Gross profit 30,728 25,585 58,714 49,195
Operating expenses        
Research and development 36,479 36,510 69,989 72,562
Sales and marketing 25,033 36,699 51,225 71,698
General and administrative 28,193 15,122 50,317 34,819
Total operating expenses 89,705 88,331 171,531 179,079
Loss from operations (58,977) (62,746) (112,817) (129,884)
Interest income 1,132 2,118 2,296 5,326
Interest expense (6,849) (6,560) (13,285) (13,171)
Other income (expense), net (323) (38) 2,290 (888)
Net loss before income taxes (65,017) (67,226) (121,516) (138,617)
Provision for income taxes 1,162 1,648 1,784 2,056
Net loss $ (66,179) $ (68,874) $ (123,300) $ (140,673)
Weighted average shares outstanding - Basic (in shares) [1] 23,196,534 21,376,634 23,076,430 21,271,738
Weighted average shares outstanding - Diluted (in shares) [1] 23,196,534 21,376,634 23,076,430 21,271,738
Net loss per share - Basic (USD per share) [1] $ (2.85) $ (3.22) $ (5.34) $ (6.61)
Net loss per share - Diluted (USD per share) [1] $ (2.85) $ (3.22) $ (5.34) $ (6.61)
Networked Charging Systems        
Revenue        
Total revenue $ 50,421 $ 64,146 $ 102,480 $ 129,520
Cost of revenue        
Total cost of revenue 46,492 59,234 95,130 120,300
Subscriptions        
Revenue        
Total revenue 39,896 36,191 77,916 69,636
Cost of revenue        
Total cost of revenue 15,534 18,558 30,900 36,300
Other        
Revenue        
Total revenue 8,273 8,202 15,834 16,426
Cost of revenue        
Total cost of revenue $ 5,836 $ 5,162 $ 11,486 $ 9,787
[1] Amounts have been adjusted to reflect 1-for-20 reverse stock split that became effective on July 28, 2025. See Note 1, “Description of Business and Basis of Presentation” for additional details.
v3.25.2
Condensed Consolidated Statements of Operations (Parenthetical)
Jul. 28, 2025
Income Statement [Abstract]  
Stock split ratio 0.05
v3.25.2
Condensed Consolidated Statements of Comprehensive Loss - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Statement of Comprehensive Income [Abstract]        
Net loss $ (66,179) $ (68,874) $ (123,300) $ (140,673)
Other comprehensive income (loss):        
Foreign currency translation adjustment 1,206 2,047 21,318 (27)
Other comprehensive income (loss) 1,206 2,047 21,318 (27)
Comprehensive loss $ (64,973) $ (66,827) $ (101,982) $ (140,700)
v3.25.2
Condensed Consolidated Statements of Stockholders’ Equity - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-in Capital
 [1]
Accumulated Other Comprehensive Loss
Accumulated Deficit
Beginning balance (in shares) at Jan. 31, 2024 [1]   21,055,836      
Beginning balance at Jan. 31, 2024 $ 327,676 $ 2 [1] $ 1,957,972 $ (15,926) $ (1,614,372)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock under stock plans, net of tax withholding (in shares) [1]   108,169      
Issuance of common stock under stock plans, net of tax withholding 498   498    
Issuance of common stock upon ESPP purchase (in shares) [1]   92,677      
Issuance of common stock upon ESPP purchase 3,025   3,025    
Stock-based compensation 20,598   20,598    
Net loss (71,799)       (71,799)
Other comprehensive income (loss) (2,074)     (2,074)  
Ending balance (in shares) at Apr. 30, 2024 [1]   21,256,682      
Ending balance at Apr. 30, 2024 277,924 $ 2 [1] 1,982,093 (18,000) (1,686,171)
Beginning balance (in shares) at Jan. 31, 2024 [1]   21,055,836      
Beginning balance at Jan. 31, 2024 327,676 $ 2 [1] 1,957,972 (15,926) (1,614,372)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (140,673)        
Other comprehensive income (loss) (27)        
Ending balance (in shares) at Jul. 31, 2024 [1]   21,541,528      
Ending balance at Jul. 31, 2024 230,890 $ 2 [1] 2,001,886 (15,953) (1,755,045)
Beginning balance (in shares) at Apr. 30, 2024 [1]   21,256,682      
Beginning balance at Apr. 30, 2024 277,924 $ 2 [1] 1,982,093 (18,000) (1,686,171)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock under stock plans, net of tax withholding (in shares) [1]   284,846      
Issuance of common stock under stock plans, net of tax withholding 1,024   1,024    
Stock-based compensation 18,769   18,769    
Net loss (68,874)       (68,874)
Other comprehensive income (loss) 2,047     2,047  
Ending balance (in shares) at Jul. 31, 2024 [1]   21,541,528      
Ending balance at Jul. 31, 2024 $ 230,890 $ 2 [1] 2,001,886 (15,953) (1,755,045)
Beginning balance (in shares) at Jan. 31, 2025 22,805,115 [2] 22,805,115 [1]      
Beginning balance at Jan. 31, 2025 $ 137,471 $ 2 [1] 2,054,340 (25,433) (1,891,438)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock under stock plans, net of tax withholding (in shares) [1]   175,317      
Issuance of common stock under stock plans, net of tax withholding 19   19    
Issuance of common stock upon ESPP purchase (in shares) [1]   101,976      
Issuance of common stock upon ESPP purchase 1,269   1,269    
Stock-based compensation 16,838   16,838    
Net loss (57,121)       (57,121)
Other comprehensive income (loss) 20,112     20,112  
Ending balance (in shares) at Apr. 30, 2025 [1]   23,082,408      
Ending balance at Apr. 30, 2025 $ 118,588 $ 2 [1] 2,072,466 (5,321) (1,948,559)
Beginning balance (in shares) at Jan. 31, 2025 22,805,115 [2] 22,805,115 [1]      
Beginning balance at Jan. 31, 2025 $ 137,471 $ 2 [1] 2,054,340 (25,433) (1,891,438)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net loss (123,300)        
Other comprehensive income (loss) $ 21,318        
Ending balance (in shares) at Jul. 31, 2025 23,357,878 [2] 23,357,878 [1]      
Ending balance at Jul. 31, 2025 $ 70,715 $ 2 [1] 2,089,566 (4,115) (2,014,738)
Beginning balance (in shares) at Apr. 30, 2025 [1]   23,082,408      
Beginning balance at Apr. 30, 2025 118,588 $ 2 [1] 2,072,466 (5,321) (1,948,559)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock under stock plans, net of tax withholding (in shares) [1]   278,291      
Issuance of common stock under stock plans, net of tax withholding (37)   (37)    
Stock-based compensation 17,196   17,196    
Net loss (66,179)       (66,179)
Other comprehensive income (loss) 1,206     1,206  
Fractional share adjustment due to reverse stock split (in shares) [1]   (2,821)      
Fractional share adjustment due to reverse stock split $ (59)   (59)    
Ending balance (in shares) at Jul. 31, 2025 23,357,878 [2] 23,357,878 [1]      
Ending balance at Jul. 31, 2025 $ 70,715 $ 2 [1] $ 2,089,566 $ (4,115) $ (2,014,738)
[1] Amounts have been adjusted to reflect 1-for-20 reverse stock split that became effective on July 28, 2025. See Note 1, “Description of Business and Basis of Presentation” for additional details.
[2] Amounts have been adjusted to reflect 1-for-20 reverse stock split that became effective on July 28, 2025. See Note 1, “Description of Business and Basis of Presentation” for additional details.
v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Cash flows from operating activities    
Net loss $ (123,300) $ (140,673)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 13,854 14,896
Non-cash operating lease cost 1,784 1,863
Stock-based compensation 36,079 40,369
Amortization of deferred contract acquisition costs 1,687 1,578
Paid-in-kind non-cash interest expense 9,397 0
Foreign currency transactions (gain) loss (3,922) 605
Reserves and other 4,281 12,683
Changes in operating assets and liabilities:    
Accounts receivable, net 2,636 7,636
Inventories 3,338 (28,429)
Prepaid expenses and other assets 3,374 (8,160)
Accounts payable, operating lease liabilities, and accrued and other liabilities 3,295 (23,229)
Deferred revenue 8,377 7,155
Net cash used in operating activities (39,120) (113,706)
Cash flows from investing activities    
Purchases of property and equipment (2,358) (7,301)
Net cash used in investing activities (2,358) (7,301)
Cash flows from financing activities    
Proceeds from the issuance of common stock under employee equity plans, net of tax withholding 1,251 4,548
Change in driver funds and amounts due to customers 6,838 2,378
Net cash provided by financing activities 8,089 6,926
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 2,941 (66)
Net decrease in cash, cash equivalents, and restricted cash (30,448) (114,147)
Cash, cash equivalents, and restricted cash at beginning of period 224,971 357,810
Cash, cash equivalents, and restricted cash at end of period 194,523 243,663
Supplementary cash flow information    
Cash paid for interest 302 10,366
Cash paid for taxes 1,860 1,185
Supplementary cash flow information on noncash investing and financing activities    
Right-of-use assets obtained in exchange for lease liabilities 0 1,897
Acquisitions of property and equipment included in accounts payable and accrued and other current liabilities $ 341 $ 491
v3.25.2
Condensed Consolidated Statements of Stockholders’ Equity (Parenthetical)
Jul. 28, 2025
Statement of Stockholders' Equity [Abstract]  
Stock split ratio 0.05
v3.25.2
Description of Business and Basis of Presentation
 6 Months Ended
Jul. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business and Basis of Presentation Description of Business and Basis of Presentation
ChargePoint Holdings, Inc. (“ChargePoint” or the “Company,” “it,”, or “its”) designs, develops and markets networked electric vehicle (“EV”) charging system infrastructure (“Networked Charging Systems”), connected through cloud-based-software services (the “ChargePoint Platform”) which (i) enable charging system owners, or hosts, to manage their Networked Charging Systems, and (ii) enable drivers to locate, reserve and authenticate Networked Charging Systems, and to transact EV charging sessions on those systems. ChargePoint’s Networked Charging Systems, subscriptions and other offerings provide an open platform that integrates with system hardware from ChargePoint and other manufacturers, connecting systems over an intelligent network that provides real-time information about charging sessions and full control, support and management of the Networked Charging Systems. This network also provides multiple web-based portals for charging system owners, fleet managers, drivers and utilities. In addition, the Company offers a range of extended warranties (“Assure”).
The Company’s fiscal year ends on January 31. References to fiscal year 2025 relate to the fiscal year ended January 31, 2025 and to fiscal year 2026 refer to the fiscal year ending January 31, 2026.
Basis of Presentation
The condensed consolidated financial statements and accompanying notes are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial reporting. The Company’s condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes for the year ended January 31, 2025 included in the Company’s Annual Report on Form 10-K filed with the SEC on March 28, 2025, which provides a more complete discussion of the Company’s accounting policies and certain other information. The information as of January 31, 2025, included on the condensed consolidated balance sheets was derived from the Company’s audited consolidated financial statements. The condensed consolidated financial statements were prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments necessary for a fair statement of the Company’s financial position as of July 31, 2025, the results of operations for the three and six months ended July 31, 2025 and 2024, and cash flows for the six months ended July 31, 2025 and 2024. The results of operations for the three and six months ended July 31, 2025, are not necessarily indicative of the results that may be expected for the year ending January 31, 2026.
The Company’s condensed consolidated financial statements have been prepared on the basis of continuity of operations, the realization of assets, and the satisfaction of liabilities in the ordinary course of business. Since inception, the Company has been engaged in developing and marketing its Networked Charging Systems, subscriptions and other offerings, raising capital, and recruiting personnel and it has incurred net operating losses and negative cash flows from operations in every year since inception and expects this to continue for the foreseeable future. As of July 31, 2025, the Company had an accumulated deficit of $2,014.7 million.
The Company’s principal sources of liquidity are its cash and cash equivalents, cash generated from sales to customers, debt financing (as described in Note 6, Debt), and sales of Common Stock. The Company had cash, cash equivalents and restricted cash of $194.5 million as of July 31, 2025. Cash outflow from operations was $39.1 million and $113.7 million for the six months ended July 31, 2025 and 2024, respectively. As of the date on which these condensed consolidated financial statements were issued, the Company believes that its cash on hand, together with cash generated from sales to customers, will satisfy its working capital and capital requirements for at least the next twelve months following the issuance of the consolidated financial statements. The Company’s assessment of the period of time its financial resources will be adequate to support its operations is a forward-looking statement and involves risks and uncertainties. The Company’s actual results could vary as a result of, and its near- and long-term future capital requirements will depend on, many factors, including its growth rate, subscription renewal activity, the timing and extent of spending to support its acquisitions, infrastructure and research and development efforts, the expansion of sales and marketing activities, the timing of new introductions of products or features, the continuing market adoption of its Networked Charging Systems and ChargePoint Platform, and the overall market acceptance
of EVs. The Company has and may in the future enter into arrangements to acquire or invest in complementary businesses, services and technologies, including intellectual property rights. The Company has based its estimates on assumptions that may prove to be wrong, and it could use its available capital resources sooner than it currently expects. The Company may be required to seek additional equity or debt financing. Future liquidity and cash requirements will depend on numerous factors, including market penetration, the introduction of new products, and potential acquisitions of related businesses or technology. If additional financing is required from outside sources, the Company may not be able to raise it on acceptable terms or at all. If the Company is unable to raise additional capital when desired, or if it cannot expand its operations or otherwise capitalize on its business opportunities because it lacks sufficient capital, the Company may need to reorganize its operations including through further reductions in its workforce and its business, operating results and financial condition would be materially adversely affected.
Reclassifications
Certain amounts in the prior year condensed consolidated financial statements have been reclassified to conform to the presentation of the current year condensed consolidated financial statements. These reclassifications had no effect on consolidated net loss, or stockholders’ equity as previously reported.
Reverse Stock Split

On July 28, 2025, the Company effected a 1-for-20 reverse stock split of the Company’s Common Stock (the "Reverse Stock Split"). As a result of the Reverse Stock Split, every 20 shares of the Company’s Common Stock issued and outstanding were automatically reclassified into one new share of Common Stock. Proportionate adjustments were also made to (i) the exercise prices, share based vesting criteria and the number of shares underlying the Company’s outstanding equity awards, as applicable, (ii) the number of shares issuable under the Company’s equity incentive plans and certain existing agreements, (iii) the number of shares purchasable upon exercise, and/or the exercise prices, of the Company’s outstanding warrants to purchase shares of the Company’s Common Stock and (iv) the conversion rate of the Company’s convertible notes in accordance with the indenture governing the convertible notes. The Reverse Stock Split did not decrease the number of authorized shares of Common Stock and preferred stock or otherwise affect the par value of the Common Stock. No fractional shares were issued in connection with the Reverse Stock Split and any fractional shares resulting from the Reverse Stock Split were rounded down to the nearest whole share. Stockholders who were otherwise entitled to receive fractional shares as a result of the Reverse Stock Split were paid cash in lieu thereof. All shares of the Company’s Common Stock, per-share data and related information included in the accompanying condensed consolidated financial statements have been retroactively adjusted as though the Reverse Stock Split had been effected prior to all periods presented.
v3.25.2
Summary of Significant Accounting Policies
 6 Months Ended
Jul. 31, 2025
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Other than policies noted below, there have been no significant changes to the significant accounting policies disclosed in Note 2 of the audited consolidated financial statements as of January 31, 2025 and 2024 and for the years ended January 31, 2025, 2024 and 2023 included in ChargePoint’s Annual Report on Form 10-K filed with the SEC on March 28, 2025.
Use of Estimates
The preparation of the accompanying condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Actual results and outcomes could differ significantly from the Company’s estimates, judgments and assumptions. Significant estimates include determining standalone selling price for performance obligations in contracts with customers, the estimated expected benefit period for deferred contract acquisition costs, allowances for expected credit losses, inventory reserves, the useful lives of long-lived assets, the determination of the incremental borrowing rate used for operating lease liabilities, valuation of acquired goodwill and intangible assets, the value of common stock and other assumptions used to measure stock-based compensation, and the valuation of deferred income tax assets and uncertain tax positions. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Changes in those estimates resulting from continuing changes in the economic environment
will be reflected in the financial statements in future periods. As future events and their effects cannot be determined with precision, actual results could materially differ from those estimates and assumptions.
Concentration of Credit Risk and Other Risks and Uncertainties
Financial instruments that potentially subject the Company to credit risk consist primarily of cash and cash equivalents, short-term investments, and accounts receivable. Cash and cash equivalents are held in domestic and foreign cash accounts across large, creditworthy financial institutions. The Company has not experienced any losses on its deposits of cash and cash equivalents through deposits with federally insured commercial banks and at times cash balances may be in excess of federal insurance limits.
Accounts receivable are stated at the amount the Company expects to collect. The Company generally does not require collateral or other security in support of accounts receivable. To reduce credit risk, management performs ongoing credit evaluations of its customers’ financial condition.
Concentration of credit risk with respect to trade accounts receivable is considered to be limited due to the diversity of the Company’s customer base and geographic sales areas. As of July 31, 2025, one customer individually accounted for 11% of total accounts receivable, net. As of January 31, 2025, no customer individually accounted for 10% or more of accounts receivable, net. For the three months ended July 31, 2025, one customer individually represented 11% of total revenue. For the six months ended July 31, 2025, no customer individually represented 10% or more of total revenue. For the three and six months ended July 31, 2024, no customer individually represented 10% or more of total revenue.
The Company’s revenue is concentrated in the infrastructure needed for charging EVs, an industry which is highly competitive and rapidly changing. Significant technological changes within the industry or customer requirements, or the emergence of competitive products with new capabilities or technologies, could adversely affect the Company’s operating results.
Segment Reporting
Operating segments are defined as components of an entity where discrete financial information is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company operates as one operating segment. Accordingly, its CODM, who is its Chief Executive Officer, uses consolidated net income or loss to measure segment profit or loss for purposes of making decisions regarding allocating resources and assessing Company performance. In addition, the CODM reviews the significant expenses, categorized as cost of sales and each major operating expense category (i.e., research and development, sales and marketing, and general and administrative) using consolidated amounts presented in the Condensed Consolidated Statements of Operations. The Company has no segment
managers who are held accountable by the CODM for operations, operating results, and planning for levels of components below the consolidated unit level.
Cash, Cash Equivalents, and Restricted Cash
The Company considers all highly liquid investments with an original maturity of three months or less, when purchased, to be cash equivalents. Cash equivalents may be invested in money market funds. Cash and cash equivalents are carried at cost, which approximates their fair value.
Restricted cash relates to cash deposits restricted under letters of credit issued in support of customer and contract manufacturer agreements.
The reconciliation of cash, cash equivalents, and restricted cash to amounts presented in the condensed consolidated statements of cash flows were as follows:
July 31,
2025		January 31,
2025
(in thousands)
Cash and cash equivalents$194,123 $224,571 
Restricted cash400 400 
Total cash, cash equivalents, and restricted cash$194,523 $224,971 
Fair Value of Financial Instruments
Fair value is defined as an exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Assets and liabilities measured at fair value are classified into the following categories based on the inputs used to measure fair value:
•(Level 1) — Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date;
•(Level 2) — Inputs other than quoted prices in active markets that are observable for the asset or liability, either directly or indirectly; and
•(Level 3) — Inputs that are unobservable for the asset or liability.
The Company classifies financial instruments in Level 3 of the fair value hierarchy when there is reliance on at least one significant unobservable input to the valuation model. In addition to these unobservable inputs, the valuation models for Level 3 financial instruments typically also rely on a number of inputs that are readily observable, either directly or indirectly. The Company’s assessment of a particular input to the fair value measurement requires management to make judgments and consider factors specific to the asset or liability. The fair value hierarchy requires the use of observable market data when available in determining fair value. The Company recognizes transfers between levels within the fair value hierarchy, if any, at the end of each period. There were no transfers between levels during the periods presented. The Company had no material non-financial assets valued on a non-recurring basis that resulted in an impairment in any period presented.
The carrying values of the Company’s cash equivalents, accounts receivable, net, accounts payable, and accrued and other current liabilities approximate fair value based on the highly liquid, short-term nature of these instruments. Certain assets, including goodwill and other intangible assets, which are measured at fair value on a non-recurring basis and are adjusted to fair value only if an impairment charge is recognized. The categorization of the framework used to measure fair value of the assets is considered to be within the Level 3 valuation hierarchy due to the subjective nature of the unobservable inputs used.

As of July 31, 2025 and January 31, 2025, there were no assets or liabilities that were measured at fair value on a recurring basis.

There have been no Level 3 financial instruments outstanding since January 31, 2023.
Revenue Recognition
ChargePoint accounts for revenue in accordance with ASC 606, Revenue from Contracts with Customers (“ASC 606”). The Company recognizes revenue using the following five-step model as prescribed by ASC 606:
•Identification of the contract, or contracts, with a customer;
•Identification of the performance obligations in the contract;
•Determination of the transaction price;
•Allocation of the transaction price to the performance obligations in the contract; and
•Recognition of revenue when, or as, the Company satisfies a performance obligation.
Significant judgment and estimates are necessary for the allocation of the proceeds received from an arrangement to the multiple performance obligations and the appropriate timing of revenue recognition. The Company enters into contracts with customers that regularly include promises to transfer multiple products and services, such as Networked Charging Systems, software subscriptions, extended maintenance, and professional services. For arrangements with multiple products or services, the Company evaluates whether the individual products or services qualify as distinct performance obligations. In its assessment of whether products or services are a distinct performance obligation, the Company determines whether the customer can benefit from the product or service on its own or with other readily available resources and whether the service is separately identifiable from other products or services in the contract. This evaluation requires the Company to assess the nature of each of its Networked Charging Systems, subscriptions, and other offerings and how each is provided in the context of the contract, including whether they are significantly integrated which may require judgment based on the facts and circumstances of the contract.
The transaction price for each contract is determined based on the amount the Company expects to be entitled to receive in exchange for transferring the promised products or services to the customer. Collectability of revenue is reasonably assured based on historical evidence of collectability of fees the Company charges its customers. The transaction price in the contract is allocated to each distinct performance obligation in an amount that represents the relative amount of consideration expected to be received in exchange for satisfying each performance obligation. Revenue is recognized when performance obligations are satisfied. Revenue is recorded based on the transaction price excluding amounts collected on behalf of third parties such as sales taxes, which are collected on behalf of and remitted to governmental authorities, or driver fees, collected on behalf of customers who offer public charging for a fee.
When agreements involve multiple distinct performance obligations, the Company accounts for individual performance obligations separately if they are distinct. The Company applies significant judgment in identifying and accounting for each performance obligation, as a result of evaluating terms and conditions in contracts. The transaction price is allocated to the separate performance obligations on a relative standalone selling price (“SSP”) basis. The Company determines SSP based on observable standalone selling price when it is available, as well as other factors, including the price charged to its customers, its discounting practices, and its overall pricing objectives, while maximizing observable inputs. In situations where pricing is highly variable, or a product is never sold on a stand-alone basis, the Company estimates the SSP using the residual approach.
The Company usually bills its customers at the onset of the arrangement for both the products and a predetermined period of time for services. Contracts for services typically range from annual to multi-year agreements with typical payment terms of 30 to 90 days.
Networked Charging Systems revenue
Networked Charging Systems revenue includes revenue related to the deliveries of EV charging system infrastructure and fees received for transferring regulatory credits earned for participating in low carbon fuel programs in jurisdictions with such programs. The Company recognizes revenue from sales of Networked Charging Systems upon shipment to distributors, resellers or direct sales customers as these customers obtain title and control over these products. Revenue is adjusted for estimated returns. Revenue from regulatory credits is recognized at the point in time the regulatory credits are transferred.
Subscriptions revenue
Subscriptions revenue consists of services related to the ChargePoint Platform, as well as extended maintenance service plans under Assure. Subscriptions revenue is recognized over time on a straight-line basis as the Company has a stand-ready obligation to deliver such services to the customer.
Subscriptions revenue also consists of ChargePoint as a Service (“CPaaS”) revenue, which combines the customer’s use of the Company’s owned and operated Networked Charging Systems with the ChargePoint Platform and Assure programs into a single subscription. CPaaS subscriptions are considered for accounting purposes to contain a lease for the customer’s use of the Company’s owned and operated systems unless the location allows the Company to receive incremental economic benefit from regulatory credits earned on that owned and operated system. The leasing arrangements the Company enters into with lessees are operating leases. The Company recognizes operating lease revenue on a straight-line basis over the lease term and expenses deferred initial direct costs on the same basis. Lessor revenue relates to operating leases and historically has not been material.
Other revenue
Other revenue consists of charging related fees received from drivers using charging sites owned and operated by the Company, net transaction fees earned for processing payments collected on driver charging sessions at charging sites owned by ChargePoint customers, and other professional services. Revenue from fees for owned and operated sites is recognized over time on a straight-line basis over the performance period of the service contract as the Company has a stand-ready obligation to deliver such services. Revenue from driver charging sessions and charging transaction fees is recognized at the point in time the charging session or transaction is completed. Revenue from professional services is recognized as the services are rendered.
Recent Accounting Pronouncements
In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires companies to provide disaggregated information about a reporting entity’s effective tax rate reconciliation as well as further disaggregation on income taxes paid disclosure by federal, state, and foreign taxes. The guidance is effective for public business entities for the fiscal years beginning after December 15, 2024. The Company is currently assessing the impact of adopting this standard on the condensed consolidated financial statements and related disclosures.
In November 2024, the FASB issued ASU No. 2024-03, “Disaggregation of Income Statement Expenses,” (“ASU 2024-03”), which requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement, as well as disclosures about selling expenses. The guidance is effective for public business entities for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. Early adoption is permitted. The Company is currently assessing the impact of adopting this standard on the condensed consolidated financial statements and related disclosures.

In November 2024, the FASB issued Accounting Standard Update (ASU) 2024-04, “Induced Conversions of Convertible Debt Instruments”, which clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. This ASU is effective for fiscal years beginning after December 15, 2025 and interim reporting periods within those annual reporting periods. The Company is currently assessing the impact of adopting this standard on the condensed consolidated financial statements and related disclosures.

In July 2025, the FASB issued Accounting Standard Update (ASU) 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This amendment introduces a practical expedient for the application of the current expected credit loss (“CECL”) model to current accounts receivable and contract assets. The amendment is effective beginning in the first quarter of fiscal year 2027 on a prospective basis, with early adoption permitted. The Company is currently evaluating the timing of adoption and impact of this amendment on the condensed consolidated financial statements and related disclosures.
v3.25.2
Goodwill and Intangible Assets
 6 Months Ended
Jul. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table summarizes the changes in carrying amounts of goodwill (in thousands):
Balance as of January 31, 2025
$207,540 
Foreign exchange fluctuations14,615 
Balance as of July 31, 2025
$222,155 
There was no impairment recognized for the three and six months ended July 31, 2025 and 2024.
The following table presents the details of intangible assets:
July 31, 2025
Cost (1)
Accumulated Amortization (1)
Net (1)
Useful Life
(amounts in thousands, useful lives in years)
Customer relationships$94,858 $(36,480)$58,378 10
Developed technology19,020 (12,268)6,752 6
$113,878 $(48,748)$65,130 
_______________
(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.
January 31, 2025
Cost (1)
Accumulated Amortization (1)
Net (1)
Useful Life
(amounts in thousands, useful lives in years)
Customer relationships$87,724 $(29,371)$58,353 10
Developed technology17,868 (10,046)7,822 6
$105,592 $(39,417)$66,175 
_______________
(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.
Amortization expense for customer relationships and developed technology is shown as sales and marketing and cost of revenue, respectively, in the condensed consolidated statements of operations. The acquired intangible assets and goodwill are subject to impairment review at least annually on December 31st.
Acquisition-related intangible assets included in the above table are finite-lived and are carried at cost less accumulated amortization. Intangible assets are being amortized on a straight-line basis over their estimated lives, which approximates the pattern in which the economic benefits of the intangible assets are expected to be realized.
The following table presents the amortization expense related to intangible assets:
Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
Amortization expense$3,178 $3,028 $6,219 $6,051 
v3.25.2
Composition of Certain Financial Statement Items
 6 Months Ended
Jul. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Composition of Certain Financial Statement Items Composition of Certain Financial Statement Items
Inventories
Inventories consisted of the following:
July 31,
2025		January 31,
2025
(in thousands)
Raw materials$7,741 $5,902 
Finished goods and components204,666 203,360 
Total Inventories$212,407 $209,262 
Prepaid expense and other current assets
Prepaid expense and other current assets consisted of the following:
July 31,
2025		January 31,
2025
(in thousands)
Prepaid expense$10,988 $15,961 
Other current assets19,493 20,474 
Total Prepaid Expense and Other Current Assets$30,481 $36,435 
Property and Equipment, net
Property and equipment, net consisted of the following:
July 31,
2025		January 31,
2025
(in thousands)
Machinery and equipment$36,243 $39,786 
Owned and operated systems27,189 31,880 
Tooling16,271 16,524 
Computers and software10,069 9,937 
Leasehold improvements9,410 9,289 
Furniture and fixtures1,466 1,683 
Construction in progress733 751 
101,381 109,850 
Less: Accumulated depreciation(71,668)(74,489)
Total Property and Equipment, Net$29,713 $35,361 
The following table presents the depreciation expense:
Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
Depreciation expense$3,748 $4,423 $7,635 $8,844 
Accrued and Other Current Liabilities
Accrued and other current liabilities consisted of the following:
July 31,
2025		January 31,
2025
(in thousands)
Accrued expenses$37,288 $37,187 
Customer funds
20,671 17,440 
Taxes payable19,072 17,294 
Refundable driver deposits
18,360 17,201 
Payroll and related expenses13,534 12,064 
Accrued losses on purchase commitments
9,572 11,928 
Other current liabilities
13,914 11,565 
Total Accrued and Other Current Liabilities$132,411 $124,679 

Revenue
Revenue consisted of the following:
Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
United States$76,846 $76,818 $151,720 $155,633 
Rest of World21,744 31,721 44,510 59,949 
Total revenue$98,590 $108,539 $196,230 $215,582 
Deferred Revenue
The following table shows the total deferred revenue for each period presented.
July 31,
2025		January 31,
2025
(in thousands)
Deferred revenue$250,297 $239,215 
The following table shows the revenue recognized that was included in the deferred revenue balance at the beginning of the period.
Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
Deferred revenue recognized$29,478 $27,975 $60,823 $59,777 
Remaining Performance Obligations
Remaining performance obligations represent the amount of contracted future revenue not yet recognized as the amounts relate to undelivered performance obligations, including both deferred revenue and non-cancellable contracted amounts that will be invoiced and recognized as revenue in future periods. Revenue expected to be recognized from remaining performance obligations was $264.8 million as of July 31, 2025, of which 46% is expected to be recognized over the next twelve months.
v3.25.2
Restructuring
 6 Months Ended
Jul. 31, 2025
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
September 2024 Reorganization
In September 2024, the Company implemented a reorganization plan to reduce its operating expenses and continue to increase efficiencies (the “September 2024 Reorganization”). The September 2024 Reorganization entailed a reduction in force of approximately 249 employees, or 15% of the Company’s global workforce at the time. As a result, in the third quarter of fiscal year 2025, the Company incurred $9.8 million of employee severance, termination and employment-related exit costs.
During the six months ended July 31, 2025, no further restructuring charges related to the September 2024 Reorganization were incurred. The following table summarizes the charges by line item within the Company’s condensed consolidated statements of operations for the year ended January 31, 2025:
Severance and employment-related termination costs
(in thousands)
Cost of revenue$961 
Research and development2,867 
Sales and marketing5,066 
General and administrative933 
Total$9,827 
During the six months ended July 31, 2025, changes to the restructuring-related liabilities were primarily due to cash disbursements of severance and employment-related exit costs. As of July 31, 2025, no restructuring-related liabilities remained in accrued and other current liabilities. As of January 31, 2025, $0.4 million in restructuring-related liabilities remained in accrued and other current liabilities.
January 2024 Reorganization
In January 2024, the Company implemented a reorganization plan to reduce its operating expenses and further increase efficiencies (the “January 2024 Reorganization”). The January 2024 Reorganization entailed a reduction in force of approximately 223 employees, or 12% of the Company’s global workforce at the time and other actions to reduce expenses. As a result, in the fourth quarter of fiscal year 2024, the Company incurred $9.9 million of employee severance, termination and employment-related exit costs and $2.7 million of facility exit costs, including impairment charges and accelerated depreciation of right-of-use assets.
During the six months ended July 31, 2025, no further restructuring charges related to the January 2024 Reorganization were incurred. The following table summarizes the charges by line item within the Company’s consolidated statements of operations where they were recorded in the fiscal year ended January 31, 2024:
Severance and employment-related termination costs
Facility and other contract terminations
Total
(in thousands)
Cost of revenue$632 $— $632 
Research and development7,540 — 7,540 
Sales and marketing500 — 500 
General and administrative1,274 2,708 3,982 
Total$9,946 $2,708 $12,654 
As of July 31, 2025 and January 31, 2025, restructuring liabilities related to the January 2024 Reorganization were $1.1 million entirely related to severance and employment-related exit costs.
September 2023 Reorganization
In September 2023, the Company implemented a reorganization plan to reduce its operating expenses and increase efficiencies (the “September 2023 Reorganization”). The September 2023 Reorganization entailed a reduction in force of approximately 168 employees, or 10% of the Company’s global workforce at the time, and other actions to reduce expenses. As a result, in the third quarter of fiscal year 2024, the Company incurred $15.6 million of employee severance and employment-related termination costs, and facility and other contract termination charges.
During the six months ended July 31, 2025, no further restructuring charges related to the September 2023 Reorganization were incurred. The following table summarizes the September 2023 Reorganization charges by line item within the Company’s statements of operations for the year ended January 31, 2024:
Severance and employment-related termination costs
Facility and other contract terminationsTotal
(in thousands)
Cost of revenue$996 $— $996 
Research and development4,183 — 4,183 
Sales and marketing1,343 — 1,343 
General and administrative890 8,189 9,079 
Total$7,412 $8,189 $15,601 
As of July 31, 2025, restructuring liabilities related to the September 2023 Reorganization were $0.2 million, including $0.1 million severance and employment-related costs and $0.1 million in facility exit costs. As of January 31, 2025, restructuring liabilities related to the September 2023 Reorganization were $0.3 million, including $0.1 million severance and employment-related exit cost and $0.2 million in facility exit cost.
v3.25.2
Debt
 6 Months Ended
Jul. 31, 2025
Debt Disclosure [Abstract]  
Debt Debt
2028 Convertible Notes
The following table presents the Company’s convertible debt outstanding:
July 31,
2025		January 31, 2025
(in thousands)
Gross amount$326,042 $312,750 
Debt discount and issuance costs(16,628)(15,658)
Carrying amount$309,414 $297,092 
Estimated fair value (Level 2 Inputs)$251,000 $233,000 
The following table presents the Company’s interest expense:
Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
2028 Convertible Notes
Interest expense for Cash Interest and PIK Interest
$4,898 $5,250 $13,500 $10,515 
PIK Fair Value Adjustment— — (3,895)— 
Amortization of debt discount and issuance costs1,571 985 2,925 1,970 
2027 Revolving Credit Facility
Amortization of debt issuance costs
227 212 454 423 
Commitment fees
153 153 301 303 
Total interest expense$6,849 $6,600 $13,285 $13,211 
In April 2022, the Company completed a private placement of $300.0 million aggregate principal amount of unsecured Convertible Senior PIK Toggle Notes (the “Original Convertible Notes”), the terms of which were amended in October 2023, as described below (the “Notes Amendment”). Prior to the Notes Amendment, the maturity date of the Original Convertible Notes was April 1, 2027. The Original Convertible Notes were sold in a private placement in reliance on the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) provided by Section 4(a)(2) of the Securities Act.
The net proceeds from the sale of the Original Convertible Notes were approximately $294.0 million after deducting initial purchaser discounts and commissions and the Company’s offering expenses. The debt discount and issuance costs, net of accumulated amortization, are reported as a direct deduction from the face amount of the Original Convertible Notes. The Company expects to use the net proceeds for general corporate purposes.
Prior to the Notes Amendment, the Original Convertible Notes bore interest at 3.50% per annum, to the extent paid in cash (“Cash Interest”), or 5.00% per annum, to the extent paid in kind through the issuance of additional Original Convertible Notes (“PIK Interest”). Interest is payable semi-annually in arrears on April 1st and October 1st of each year, beginning on October 1, 2022. The Company can elect to make any interest payment through Cash Interest, PIK Interest or any combination thereof.
The Original Convertible Notes are convertible, based on the applicable conversion rate, into cash, shares of the Company’s Common Stock or a combination thereof, at the Company’s election. At the time of issuance, the initial conversion rate was 2.0806 shares of Common Stock per $1,000 principal amount, which is equivalent to a conversion price of approximately $480.63 per share of the Company’s Common Stock. The convertible note conversion rates and conversion price amounts presented in this paragraph have been updated to reflect the Reverse Stock Split as discussed Note 1, Description of Business and Basis of Presentation.
Under the terms of the Original Convertible Notes, prior to January 1, 2027, the Original Convertible Notes will be convertible at the option of the holders only upon the occurrence of specified events and during certain periods, and will be convertible on or after January 1, 2027, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date of the Original Convertible Notes.
Holders of the Original Convertible Notes may convert all or a portion of their Original Convertible Notes prior to the close of business on January 1, 2027, only under the following circumstances:
•during any calendar quarter commencing after the calendar quarter ended on September 30, 2022, if the Company’s closing Common Stock price for at least 20 trading days out of the most recent 30 consecutive trading days of the preceding calendar quarter is greater than or equal to 130% of the current conversion price of the Original Convertible Notes on each applicable trading day;
•during the five business day period after any ten consecutive trading days in which, if the trading price per $1,000 principal amount of Original Convertible Notes for each trading day of such ten consecutive trading day period is less than 98% of the product of the Company’s closing Common Stock price and the conversion rate of the Original Convertible Notes on each such trading day;
•if the Company calls the Original Convertible Notes for redemption, at any time prior to the close of business on the second business day immediately preceding the redemption date; or
•upon the occurrence of specified corporate events, including certain distributions, the occurrence of a fundamental change or a transaction resulting in the Company’s Common Stock converting into other securities or property or assets.
The Original Convertible Notes are redeemable, in whole or in part, at the Company’s option at any time on or after April 21, 2025, and before the 41st scheduled trading day immediately before the maturity date. The redemption price will be equal to the aggregate principal amount of the Original Convertible Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. In addition, a holder may elect to convert its Original Convertible Notes during any such redemption period, in which case the applicable conversion rate may be increased in certain circumstances if the Original Convertible Notes are converted after they are called for redemption.
Additionally, if the Company undergoes a fundamental change or a change in control transaction (each such term as defined in the indenture governing the Original Convertible Notes), subject to certain conditions, holders may require the Company to purchase for cash all or any portion of their Original Convertible Notes. The fundamental change repurchase price will be 100% of the capitalized principal amount of the Original Convertible Notes, while the change in control repurchase price will be 125% of the capitalized principal amount of the Original Convertible Notes to be purchased, in each case plus any accrued and unpaid interest to, but excluding, the repurchase date.
The indenture governing the Original Convertible Notes includes a restrictive covenant that, subject to specified exceptions, limits the ability of the Company and its subsidiaries to incur secured debt in excess of $750.0 million. In addition, the indenture governing the Original Convertible Notes contains customary terms and covenants, including certain events of default in which case either the trustee or the holders of at least 25% of the aggregate principal amount of the outstanding Original Convertible Notes may declare 100% of the principal of, and accrued and unpaid interest, if any, on, all the Original Convertible Notes to be due and payable immediately.
On October 24, 2023, the Original Convertible Notes were amended to (1) extend the maturity date from April 1, 2027 to April 1, 2028, (2) increase the Cash Interest rate to 7.0% from 3.5% and PIK Interest rate to 8.5% from 5.0%, (3) increase the initial conversion rate to 4.1667 shares per $1,000 principal amount of the convertible notes from 2.0806 shares per $1,000 principal amount of the convertible notes, which represented a revised initial conversion price of approximately $240.00 per share, and (4) revise the make-whole table to reflect the revised terms of the convertible notes (herein, “2028 Convertible Notes”). The convertible note conversion rates and conversion price amounts presented in this paragraph have been updated to reflect the Reverse Stock Split as discussed Note 1, Description of Business and Basis of Presentation.
Other than those previously stated, the terms of the 2028 Convertible Notes are not substantially different from the terms of Original Convertible Notes. The Company assessed the Notes Amendment for a debt extinguishment or modification in accordance with ASC 470-50, Debt Modifications and Extinguishments. As both the change in net present value of future cash flows of the 2028 Convertible Notes to that of the Original Convertible Notes and the change in fair value of the embedded conversion option of the 2028 Convertible Notes to that of the carrying value of the Original Convertible Notes immediately before modification resulted in a less than 10% change, the amendment is regarded as a modification. The resulting increase in fair value of the embedded conversion option is recorded as an increase in debt discount, a contra-liability account, as well as the corresponding entry to additional paid-in-capital, in the condensed consolidated balance sheets. Legal fees and other costs incurred with third parties that were directly related to the debt modification were expensed as incurred.
During the six months ended July 31, 2025, the Company elected the option of PIK Interest through the issuance of additional Original Convertible Notes of $13.3 million. On the date of issuance, the fair value of the PIK note, measured using
Level 2 inputs, was $9.4 million, which represents debt discount of $3.9 million, which will be amortized to interest expense over the contractual term of the note.
Amortization of debt discount and issuance costs is reported as a component of interest expenses and is computed using the straight-line method over the term of the 2028 Convertible Notes, which approximates the effective interest method. As of July 31, 2025, the effective interest rate on the 2028 Convertible Notes was approximately 10.0%.
The estimated fair value of the 2028 Convertible Notes, valued using Level 2 fair value inputs, as of July 31, 2025 and April 30, 2025 was $251.0 million and $233.0 million, respectively.
2027 Revolving Credit Facility
On July 27, 2023, the Company entered into a revolving credit agreement by and among the Company, ChargePoint, Inc. (the “Borrower”), certain subsidiaries of the Borrower as guarantors (the “Subsidiary Guarantors”), JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders party thereto (the “Credit Agreement”). The Credit Agreement provides for senior secured revolving credit facility in an initial aggregate principal amount of up to $150.0 million, with a maturity date of January 1, 2027 (the “2027 Revolving Credit Facility”). Pursuant to the Credit Agreement, the Borrower may from time to time arrange for one or more increases in the commitments under the 2027 Revolving Credit Facility in an aggregate principal amount not to exceed $150.0 million, subject to obtaining the consent of the lenders participating in any such increase. Up to $100.0 million of the 2027 Revolving Credit Facility may be used for the issuance of letters of credit.
The obligations of the Borrower under the Credit Agreement are guaranteed by the Company and the Subsidiary Guarantors and secured by a first priority pledge of the equity securities of the Borrower and certain of its subsidiaries and first priority security interests in substantially all tangible and intangible personal property, including intellectual property, of the Company, the Borrower and each Subsidiary Guarantor, subject to customary exceptions and limitations.
The Credit Agreement contains negative covenants that, among other things, restrict the ability of the Company, the Borrower and its subsidiaries, as applicable, to incur additional indebtedness, incur additional liens, make investments or acquisitions, make dividends, distributions, or other restricted payments, dispose of property, and enter into transactions with affiliates, in each case subject to certain dollar baskets and customary carveouts, as well as customary events of default. In addition, the Credit Agreement requires the Borrower to comply with a minimum total liquidity covenant to be not less than 150% of the aggregate amount of the lender’s commitment under the Credit Agreement (“Total Liquidity”) which requires the Borrower to maintain, at all times, Total Liquidity equal to the sum of cash and cash equivalents held by the Borrower and the other loan parties at controlled accounts with the initial lenders under the Credit Agreement plus the aggregate unused amount of the commitments then available to be drawn under the 2027 Revolving Credit Facility.
Borrowings under the 2027 Revolving Credit Facility may be denominated in U.S. dollars, Euros, or Pound Sterling. At the Company’s option, borrowings may bear interest at a rate per annum equal to either (a) an alternate base rate (for borrowings in U.S. dollars) plus a rate per annum of 1.75%, (b) an adjusted SOFR term rate (for borrowings in U.S. dollars) plus a rate per annum of 2.75%, (c) an adjusted EURIBOR rate (for borrowings in Euros) plus a rate per annum of 2.75%, or (d) a daily simple “risk-free” rate (for borrowings in Pounds Sterling) plus a rate per annum of 2.75%.
The Company will pay commitment fees on the average daily unused amount of the 2027 Revolving Credit Facility at a rate per annum of 0.40%. In addition, the Company will also pay participation fees on the average daily undrawn amount of outstanding letters of credit at a rate per annum of 2.25%.
In October 2023, the Company entered into an amendment to the Credit Agreement to, among other things, permit the Company to complete the Notes Amendment (as described above).
As of July 31, 2025, the Borrower had no borrowings outstanding under the 2027 Revolving Credit Facility. The Borrower also had no letters of credit outstanding under the Credit Agreement as of July 31, 2025, and as a result, had a borrowing capacity of up to $150.0 million.
v3.25.2
Commitments and Contingencies
 6 Months Ended
Jul. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Purchase Commitments
Open purchase commitments are for the purchase of goods and services related to, but not limited to, manufacturing, facilities and professional services under non-cancellable contracts. They were not recorded as liabilities on the condensed consolidated balance sheets as of July 31, 2025, as the Company had not yet received the related goods or services.
Legal Proceedings
The Company may be involved from time to time in various lawsuits, claims, and proceedings, including intellectual property, commercial, securities, and employment matters that arise in the normal course of business. The Company accrues a liability when management believes information available prior to the issuance of the condensed consolidated financial statements indicates it is probable a loss has been incurred as of the date of the condensed consolidated financial statements and the amount of loss can be reasonably estimated. The Company adjusts its accruals to reflect the impact of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. Legal costs are expensed as incurred.
Class Action Litigation

A class action lawsuit alleging violations of federal securities laws was filed on November 29, 2023 in the U.S. District Court for the Northern District of California (the “NorCal Court”) against the Company and certain of its former officers (the “Class Defendants”). A second class action lawsuit (together with the November 2023 Class Action, the “Class Actions”) was filed against the Class Defendants on January 22, 2024. On May 16, 2024, the NorCal Court consolidated the Class Actions into one action captioned Khan v. ChargePoint Holdings, Inc., et al., Case No. 23-cv-06172-NW, appointed two lead plaintiffs, and appointed lead counsel. On July 19, 2024, Lead Plaintiffs filed a Consolidated Amended Complaint which purported to be on behalf of purchasers of the Company’s stock between December 7, 2021 and November 16, 2023. This Consolidated Amended Complaint alleged that the Class Defendants made materially false and misleading statements in violation of Section 10(b) and Rule 10b-5(b) of the Securities Exchange Act regarding, (1) ChargePoint’s handling of supply chain disruptions; (2) ChargePoint’s revenue; and (3) the value of ChargePoint’s inventory. Lead Plaintiffs also alleged the Class Defendants engaged in a scheme to prematurely recognize revenue in violation of Sections 10(b) and Rules 10b-5(a) and (c) of the Securities Exchange Act. The Class Defendants filed a motion to dismiss the Consolidated Amended Complaint on September 17, 2024, and the motion was fully briefed and scheduled to be heard on July 16, 2025. On July 8, 2025, pursuant to the parties’ stipulation, the NorCal Court vacated the hearing so Plaintiffs could file a Second Amended Complaint, which they did on July 22, 2025. The Second Amended Complaint alleges the same claims based on the same theories as the Consolidated Amended Complaint, but names an additional former officer as a Defendant and adds additional challenged statements made within the same Class Period. Pursuant to the NorCal Court’s scheduling order, Class Defendants intend to file a motion to dismiss the Second Amended Complaint by September 17, 2025. The motion is scheduled to be fully briefed by October 8, 2025, and heard on October 22, 2025. A Case Management Conference is scheduled to be held concurrently with the motion to dismiss hearing.
Derivative Actions

On January 5, 2024, a ChargePoint stockholder purporting to act on behalf of the Company filed an action in the U.S. District Court for the District of Delaware against ChargePoint’s Board of Directors and certain of its former officers (“Derivative Defendants”), alleging that the Derivative Defendants breached their fiduciary duties to ChargePoint in connection with the same alleged events and alleged materially false and misleading statements asserted in the Class Actions described above. This action has been stayed. Four additional substantively duplicative actions were filed in the NorCal Court on January 8, 2024, March 1, 2024, May 2, 2024, and May 24, 2024. The complaints seek unspecified monetary damages and other relief. On September 23, 2024, the NorCal Court consolidated the four California actions into one action captioned In re ChargePoint Holdings, Inc. Derivative Litigation, Case No. 24-cv-00149-NW (“Consolidated Derivative Action”). On November 4, 2024, the NorCal Court entered an order staying the Consolidated Derivative Action pending resolution of Class Defendants’ motion to dismiss in the Class Action Litigation. A Case Management Conference for the Consolidated Derivative Action is scheduled to be held on October 22, 2025 concurrently with the Case Management Conference and motion to dismiss hearing for the Class Actions.
The Company intends to defend these lawsuits vigorously. At this time, the Company is unable to predict the outcome or estimate the amount of loss or range of losses that could potentially result from these lawsuits.
Based on its experience, the Company believes that damage amounts claimed in these matters are not meaningful indicators of potential liability. Given the inherent uncertainties of litigation, the ultimate outcome of the ongoing matters described herein cannot be predicted with certainty. While litigation is inherently unpredictable, the Company believes it has valid defenses with respect to the legal matters pending against it. Nevertheless, the consolidated financial statements could be materially adversely affected in a particular period by the resolution of one or more of these contingencies. Liabilities established to provide for contingencies are adjusted as further information develops, circumstances change, or contingencies are resolved; and such changes are recorded in the accompanying condensed consolidated statements of operations during the period of the change and reflected in accrued and other current liabilities on the accompanying condensed consolidated balance sheets.
Guarantees and Indemnifications
The Company has service level commitments to certain of its customers warranting certain levels of up-time reliability and performance and permitting those customers to receive credits in the event that the Company fails to meet those levels. To date, the Company has not incurred any material costs as a result of such commitments.
The Company’s arrangements generally include certain provisions for indemnifying customers against liabilities if its products or services infringe a third-party’s intellectual property rights. Additionally, the Company may be required to indemnify for claims caused by its negligence or willful misconduct. It is not possible to determine the maximum potential amount under these indemnification obligations due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. To date, the Company has not incurred any material costs as a result of such obligations and has not accrued any liabilities related to such obligations in the condensed consolidated financial statements.
The Company has also agreed to indemnify its directors and executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred by them in any action or proceeding to which any of them are, or are threatened to be, made a party by reason of their service as a director or officer. The Company maintains director and officer insurance coverage that would generally enable it to recover a portion of any future amounts paid. The Company also may be subject to indemnification obligations by law with respect to the actions of its employees under certain circumstances and in certain jurisdictions.
Letters of Credit
The Company had $0.4 million of secured letters of credit outstanding as of July 31, 2025 and January 31, 2025, respectively.
Leases
The Company leases its office facilities under non-cancelable operating leases with various lease terms. The Company also leases certain office equipment under operating lease agreements.
The following table presents future payments of lease liabilities under the Company's non-cancelable operating leases as of July 31, 2025 (in thousands):
(in thousands)
2026 (remaining six months)$3,182 
20275,822 
20284,896 
20294,285 
20302,504 
Total undiscounted operating lease payments20,689 
Less: imputed interest(2,602)
Total operating lease liabilities18,087 
Less: current portion of operating lease liabilities(4,911)
Operating lease liabilities, noncurrent$13,176 
v3.25.2
Common Stock
 6 Months Ended
Jul. 31, 2025
Equity [Abstract]  
Common Stock Common Stock
As of July 31, 2025 and January 31, 2025, the Company was authorized to issue 1,000,000,000 shares of Common Stock, with a par value of $0.0001 per share. There were 23,357,878 and 22,805,115 shares issued and outstanding as of July 31, 2025 and January 31, 2025, respectively.
At-the-Market Offering
On July 1, 2022, ChargePoint filed a registration statement on Form S-3 (File No. 333-265986) with the SEC (that was declared effective by the SEC on July 12, 2022), which permitted the Company to offer up to $1.0 billion of Common Stock, preferred stock, debt securities, warrants and rights in one or more offerings and in any combination, including in units from time to time (the “2022 Shelf Registration Statement”). As part of the 2022 Shelf Registration Statement, ChargePoint filed a prospectus supplement registering for sale from time to time up to $500.0 million of Common Stock pursuant to a sales agreement (the “2022 ATM Facility”). The 2022 Shelf Registration Statement expired on July 12, 2025.
During the three months ended July 31, 2025 and July 31, 2024, there were no sales of the Company’s Common Stock pursuant to the 2022 ATM Facility. On July 11, 2025, ChargePoint terminated the 2022 ATM Facility.Common Stock Warrants
The Company had outstanding warrants (Warrants) issued prior to 2021 to purchase shares of Common Stock. As of July 31, 2025, there were 1,724,971 Warrants outstanding, which are classified as equity.
There was no warrant activity during the six months ended July 31, 2025 and 2024.
Warrant activity is set forth below, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
 
Number of Warrants
Outstanding as of January 31, 20251,724,971 
Warrants exercised—
Outstanding as of July 31, 20251,724,971
v3.25.2
Common Stock Warrants
 6 Months Ended
Jul. 31, 2025
Equity [Abstract]  
Common Stock Warrants Common Stock
As of July 31, 2025 and January 31, 2025, the Company was authorized to issue 1,000,000,000 shares of Common Stock, with a par value of $0.0001 per share. There were 23,357,878 and 22,805,115 shares issued and outstanding as of July 31, 2025 and January 31, 2025, respectively.
At-the-Market Offering
On July 1, 2022, ChargePoint filed a registration statement on Form S-3 (File No. 333-265986) with the SEC (that was declared effective by the SEC on July 12, 2022), which permitted the Company to offer up to $1.0 billion of Common Stock, preferred stock, debt securities, warrants and rights in one or more offerings and in any combination, including in units from time to time (the “2022 Shelf Registration Statement”). As part of the 2022 Shelf Registration Statement, ChargePoint filed a prospectus supplement registering for sale from time to time up to $500.0 million of Common Stock pursuant to a sales agreement (the “2022 ATM Facility”). The 2022 Shelf Registration Statement expired on July 12, 2025.
During the three months ended July 31, 2025 and July 31, 2024, there were no sales of the Company’s Common Stock pursuant to the 2022 ATM Facility. On July 11, 2025, ChargePoint terminated the 2022 ATM Facility.Common Stock Warrants
The Company had outstanding warrants (Warrants) issued prior to 2021 to purchase shares of Common Stock. As of July 31, 2025, there were 1,724,971 Warrants outstanding, which are classified as equity.
There was no warrant activity during the six months ended July 31, 2025 and 2024.
Warrant activity is set forth below, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
 
Number of Warrants
Outstanding as of January 31, 20251,724,971 
Warrants exercised—
Outstanding as of July 31, 20251,724,971
v3.25.2
Equity Plans and Stock-based Compensation
 6 Months Ended
Jul. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Equity Plans and Stock-based Compensation Equity Plans and Stock-based Compensation
The following sets forth the total stock-based compensation expense for employee equity plans included in the Company’s condensed consolidated statements of operations:

Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
Cost of revenue$1,251 $1,526 $2,474 $2,610 
Research and development9,174 10,731 17,788 19,033 
Sales and marketing2,876 4,463 5,955 9,905 
General and administrative4,915 2,049 9,862 8,820 
Total stock-based compensation expense$18,216 $18,769 $36,079 $40,368 
As of July 31, 2025, the Company had unrecognized stock-based compensation expense related to RSUs and PRSUs (as defined below), and 2021 ESPP (as defined below) of $76.1 million, which is expected to be recognized over a weighted-average period of 2.1 years.
2021 Employee Stock Purchase Plan
The 2021 Employee Stock Purchase Plan (“2021 ESPP”) permits participants to purchase shares of the Company’s Common Stock at a discounted price through payroll deductions. As of July 31, 2025, 843,207 shares of Common Stock were available under the 2021 ESPP.
2021 Equity Incentive Plan
The 2021 Equity Incentive Plan (“2021 EIP”) allows the Company to grant stock options, stock appreciation rights, restricted stock units (“RSUs”), performance restricted stock units (“PRSUs”), and certain other awards. As of July 31, 2025, 850,448 shares of Common Stock were available under the 2021 EIP.
There were no options granted for the three and six months ended July 31, 2025.
Restricted Stock Units
A summary of RSUs outstanding under the 2021 EIP as of July 31, 2025 and changes during the fiscal year-to-date period then ended is presented in the following table, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
 Number of SharesWeighted Average Grant Date Fair Value per Share
Outstanding as of January 31, 20251,827,940 $57.32 
RSU granted1,766,911 $12.70 
RSU vested(454,688)$61.70 
RSU forfeited(184,397)$38.76 
Outstanding as of July 31, 20252,955,766 $31.13 
Performance Restricted Stock Units
Market-Based PRSUs
Pursuant to the 2021 EIP, the Company grants PRSUs to certain officers, including the Company’s Chief Executive Officer. Vesting of the PRSUs is dependent upon the satisfaction of both market- and service-based conditions occurring at the
end of a four- or five- year period. The market-based condition is achieved if the closing price of the Company’s Common Stock is greater than or equal to the applicable stock price appreciation target over a specified period at any time during the period beginning the date of the grant and ending on the expiration date.
Performance-Based PRSUs
Performance-based PRSUs are granted to certain employees, including executive officers, with vesting based on the achievement of specific financial goals, such as EBITDA. The grant date fair value of performance-based PRSUs are valued based on the Company’s stock price at the grant date. Stock-based compensation expense is recognized over the requisite service period based on the number of units expected to vest, which is reassessed during each reporting period based on the Company’s evaluation of the probability of achieving the applicable performance conditions.
A summary of PRSUs outstanding under the 2021 EIP as of July 31, 2025 and changes during the fiscal year-to-date period then ended is presented in the following table, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
 Number of SharesWeighted Average Grant Date Fair Value per Share
Outstanding as of January 31, 2025186,646 $47.75 
PRSUs granted348,187 $12.52 
PRSU forfeited(36,015)$54.68 
Outstanding as of July 31, 2025498,818 $22.65 
Stock Options
2017 Plan and 2007 Plan
In fiscal year 2022, the Company terminated its 2017 Stock Option Plan (the “2017 Plan”) and 2007 Stock Option Plan (the “2007 Plan”).
A summary of options outstanding under the 2017 Plan and 2007 Plan as of July 31, 2025 and changes during the fiscal year-to-date period then ended is presented in the following table, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
 Number of Stock Option AwardsWeighted Average Exercise PriceWeighted Average Remaining Contractual term (in years)Aggregate Intrinsic Value (in thousands)
Outstanding as of January 31, 2025135,179 $15.34 3.9$528 
Options exercised(3,155)$12.80 
Options cancelled(10,891)$14.76 
Outstanding as of July 31, 2025121,133 $15.46 3.6$1 
Options vested and expected to vest as of July 31, 2025121,133 $15.46 3.6$1 
Exercisable as of July 31, 2025121,133 $15.46 3.6$1 
v3.25.2
Income Taxes
 6 Months Ended
Jul. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The income tax provision for interim periods is determined using an estimate of the Company’s annual effective tax rate as adjusted for discrete items arising in that quarter. The effective income tax rate was (1.8)% and (2.5)% for the three months ended July 31, 2025 and 2024, respectively. The effective income tax rate was (1.5)% for both the six months ended July 31,
2025 and 2024. The effective tax rate differs from the U.S. statutory rate primarily due to the full valuation allowances on the Company’s net domestic deferred tax assets as it is more likely than not that all of the deferred tax assets will not be realized.
On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was signed into law in the United States. The OBBBA includes a broad range of tax reform provisions affecting businesses. The Company has reflected the estimated impact of the OBBBA in the year-to-date and quarterly tax provision as of July 31, 2025. The Company is evaluating the full impact on its tax provision and further analysis will be performed at year end; however, it is not expected to have a material impact on the Company’s effective tax rate due to the valuation allowance position.
v3.25.2
Basic and Diluted Net Loss per Share
 6 Months Ended
Jul. 31, 2025
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss per Share Basic and Diluted Net Loss per Share
The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders for the three and six months ended July 31, 2025 and 2024, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
Three months ended July 31, Six Months Ended
July 31,
2025202420252024
(in thousands, except share and per share data)
Numerator:
Net loss$(66,179)$(68,874)$(123,300)$(140,673)
Denominator:
Weighted average common shares outstanding23,196,534 21,376,634 23,076,430 21,271,738 
Weighted average shares outstanding - Basic and Diluted23,196,534 21,376,634 23,076,430 21,271,738 
Net loss per share - Basic and Diluted$(2.85)$(3.22)$(5.34)$(6.61)
The potential shares of Common Stock that were excluded from the computation of diluted net loss per share attributable to common stockholders at each period end, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation, because including them would have had an antidilutive effect were as follows:
July 31,
2025		July 31,
2024
2028 Convertible Notes (on an as-converted basis)
1,358,507 1,250,000 
Options to purchase common stock121,133 434,383 
Restricted stock units2,955,766 2,211,360 
Common stock warrants1,724,971 1,724,971 
Employee stock purchase plan572,471 316,575 
Total potentially dilutive common share equivalents6,732,848 5,937,289 
PRSUs granted were excluded from the above table because the respective stock price and EBITDA targets have not been met as of July 31, 2025.
v3.25.2
Subsequent Event
 6 Months Ended
Jul. 31, 2025
Subsequent Events [Abstract]  
Subsequent Event Subsequent EventOn September 8, 2025, ChargePoint entered into a new “at-the-market” sales agreement, by and between ChargePoint and the underwriter thereto, pursuant to which ChargePoint may from time to time sell shares of its Common Stock having an aggregate offering price of up to $150,000,000 (the “2025 ATM Facility”). Sales of ChargePoint Common Stock pursuant to the 2025 ATM Facility, if any, will be made under a new registration statement on Form S-3 that ChargePoint intends to file with the SEC following the filing of this Quarterly Report, which will facilitate offers of up to $400,000,000 of shares of ChargePoint Common Stock, preferred stock, debt securities, warrants and rights in one or more offerings and in any combination, including in units from time to time (the “2025 Shelf Registration Statement”).
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jul. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.2
Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jul. 31, 2025
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
The condensed consolidated financial statements and accompanying notes are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial reporting. The Company’s condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes for the year ended January 31, 2025 included in the Company’s Annual Report on Form 10-K filed with the SEC on March 28, 2025, which provides a more complete discussion of the Company’s accounting policies and certain other information. The information as of January 31, 2025, included on the condensed consolidated balance sheets was derived from the Company’s audited consolidated financial statements. The condensed consolidated financial statements were prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments necessary for a fair statement of the Company’s financial position as of July 31, 2025, the results of operations for the three and six months ended July 31, 2025 and 2024, and cash flows for the six months ended July 31, 2025 and 2024. The results of operations for the three and six months ended July 31, 2025, are not necessarily indicative of the results that may be expected for the year ending January 31, 2026.
The Company’s condensed consolidated financial statements have been prepared on the basis of continuity of operations, the realization of assets, and the satisfaction of liabilities in the ordinary course of business. Since inception, the Company has been engaged in developing and marketing its Networked Charging Systems, subscriptions and other offerings, raising capital, and recruiting personnel and it has incurred net operating losses and negative cash flows from operations in every year since inception and expects this to continue for the foreseeable future.
Reclassifications
Reclassifications
Certain amounts in the prior year condensed consolidated financial statements have been reclassified to conform to the presentation of the current year condensed consolidated financial statements. These reclassifications had no effect on consolidated net loss, or stockholders’ equity as previously reported.
Use of Estimates
Use of Estimates
The preparation of the accompanying condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenue and expenses. Actual results and outcomes could differ significantly from the Company’s estimates, judgments and assumptions. Significant estimates include determining standalone selling price for performance obligations in contracts with customers, the estimated expected benefit period for deferred contract acquisition costs, allowances for expected credit losses, inventory reserves, the useful lives of long-lived assets, the determination of the incremental borrowing rate used for operating lease liabilities, valuation of acquired goodwill and intangible assets, the value of common stock and other assumptions used to measure stock-based compensation, and the valuation of deferred income tax assets and uncertain tax positions. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Changes in those estimates resulting from continuing changes in the economic environment
will be reflected in the financial statements in future periods. As future events and their effects cannot be determined with precision, actual results could materially differ from those estimates and assumptions.
Concentration of Credit Risk and Other Risks and Uncertainties
Concentration of Credit Risk and Other Risks and Uncertainties
Financial instruments that potentially subject the Company to credit risk consist primarily of cash and cash equivalents, short-term investments, and accounts receivable. Cash and cash equivalents are held in domestic and foreign cash accounts across large, creditworthy financial institutions. The Company has not experienced any losses on its deposits of cash and cash equivalents through deposits with federally insured commercial banks and at times cash balances may be in excess of federal insurance limits.
Accounts receivable are stated at the amount the Company expects to collect. The Company generally does not require collateral or other security in support of accounts receivable. To reduce credit risk, management performs ongoing credit evaluations of its customers’ financial condition.
Segment Reporting
Segment Reporting
Operating segments are defined as components of an entity where discrete financial information is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company operates as one operating segment. Accordingly, its CODM, who is its Chief Executive Officer, uses consolidated net income or loss to measure segment profit or loss for purposes of making decisions regarding allocating resources and assessing Company performance. In addition, the CODM reviews the significant expenses, categorized as cost of sales and each major operating expense category (i.e., research and development, sales and marketing, and general and administrative) using consolidated amounts presented in the Condensed Consolidated Statements of Operations. The Company has no segment
managers who are held accountable by the CODM for operations, operating results, and planning for levels of components below the consolidated unit level.
Cash, Cash Equivalents, and Restricted Cash
Cash, Cash Equivalents, and Restricted Cash
The Company considers all highly liquid investments with an original maturity of three months or less, when purchased, to be cash equivalents. Cash equivalents may be invested in money market funds. Cash and cash equivalents are carried at cost, which approximates their fair value.
Restricted cash relates to cash deposits restricted under letters of credit issued in support of customer and contract manufacturer agreements.
Fair Value of Financial Instruments
Fair Value of Financial Instruments
Fair value is defined as an exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants. Assets and liabilities measured at fair value are classified into the following categories based on the inputs used to measure fair value:
•(Level 1) — Quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date;
•(Level 2) — Inputs other than quoted prices in active markets that are observable for the asset or liability, either directly or indirectly; and
•(Level 3) — Inputs that are unobservable for the asset or liability.
The Company classifies financial instruments in Level 3 of the fair value hierarchy when there is reliance on at least one significant unobservable input to the valuation model. In addition to these unobservable inputs, the valuation models for Level 3 financial instruments typically also rely on a number of inputs that are readily observable, either directly or indirectly. The Company’s assessment of a particular input to the fair value measurement requires management to make judgments and consider factors specific to the asset or liability. The fair value hierarchy requires the use of observable market data when available in determining fair value. The Company recognizes transfers between levels within the fair value hierarchy, if any, at the end of each period. There were no transfers between levels during the periods presented. The Company had no material non-financial assets valued on a non-recurring basis that resulted in an impairment in any period presented.
The carrying values of the Company’s cash equivalents, accounts receivable, net, accounts payable, and accrued and other current liabilities approximate fair value based on the highly liquid, short-term nature of these instruments. Certain assets, including goodwill and other intangible assets, which are measured at fair value on a non-recurring basis and are adjusted to fair value only if an impairment charge is recognized. The categorization of the framework used to measure fair value of the assets is considered to be within the Level 3 valuation hierarchy due to the subjective nature of the unobservable inputs used.
Revenue Recognition
Revenue Recognition
ChargePoint accounts for revenue in accordance with ASC 606, Revenue from Contracts with Customers (“ASC 606”). The Company recognizes revenue using the following five-step model as prescribed by ASC 606:
•Identification of the contract, or contracts, with a customer;
•Identification of the performance obligations in the contract;
•Determination of the transaction price;
•Allocation of the transaction price to the performance obligations in the contract; and
•Recognition of revenue when, or as, the Company satisfies a performance obligation.
Significant judgment and estimates are necessary for the allocation of the proceeds received from an arrangement to the multiple performance obligations and the appropriate timing of revenue recognition. The Company enters into contracts with customers that regularly include promises to transfer multiple products and services, such as Networked Charging Systems, software subscriptions, extended maintenance, and professional services. For arrangements with multiple products or services, the Company evaluates whether the individual products or services qualify as distinct performance obligations. In its assessment of whether products or services are a distinct performance obligation, the Company determines whether the customer can benefit from the product or service on its own or with other readily available resources and whether the service is separately identifiable from other products or services in the contract. This evaluation requires the Company to assess the nature of each of its Networked Charging Systems, subscriptions, and other offerings and how each is provided in the context of the contract, including whether they are significantly integrated which may require judgment based on the facts and circumstances of the contract.
The transaction price for each contract is determined based on the amount the Company expects to be entitled to receive in exchange for transferring the promised products or services to the customer. Collectability of revenue is reasonably assured based on historical evidence of collectability of fees the Company charges its customers. The transaction price in the contract is allocated to each distinct performance obligation in an amount that represents the relative amount of consideration expected to be received in exchange for satisfying each performance obligation. Revenue is recognized when performance obligations are satisfied. Revenue is recorded based on the transaction price excluding amounts collected on behalf of third parties such as sales taxes, which are collected on behalf of and remitted to governmental authorities, or driver fees, collected on behalf of customers who offer public charging for a fee.
When agreements involve multiple distinct performance obligations, the Company accounts for individual performance obligations separately if they are distinct. The Company applies significant judgment in identifying and accounting for each performance obligation, as a result of evaluating terms and conditions in contracts. The transaction price is allocated to the separate performance obligations on a relative standalone selling price (“SSP”) basis. The Company determines SSP based on observable standalone selling price when it is available, as well as other factors, including the price charged to its customers, its discounting practices, and its overall pricing objectives, while maximizing observable inputs. In situations where pricing is highly variable, or a product is never sold on a stand-alone basis, the Company estimates the SSP using the residual approach.
The Company usually bills its customers at the onset of the arrangement for both the products and a predetermined period of time for services. Contracts for services typically range from annual to multi-year agreements with typical payment terms of 30 to 90 days.
Networked Charging Systems revenue
Networked Charging Systems revenue includes revenue related to the deliveries of EV charging system infrastructure and fees received for transferring regulatory credits earned for participating in low carbon fuel programs in jurisdictions with such programs. The Company recognizes revenue from sales of Networked Charging Systems upon shipment to distributors, resellers or direct sales customers as these customers obtain title and control over these products. Revenue is adjusted for estimated returns. Revenue from regulatory credits is recognized at the point in time the regulatory credits are transferred.
Subscriptions revenue
Subscriptions revenue consists of services related to the ChargePoint Platform, as well as extended maintenance service plans under Assure. Subscriptions revenue is recognized over time on a straight-line basis as the Company has a stand-ready obligation to deliver such services to the customer.
Subscriptions revenue also consists of ChargePoint as a Service (“CPaaS”) revenue, which combines the customer’s use of the Company’s owned and operated Networked Charging Systems with the ChargePoint Platform and Assure programs into a single subscription. CPaaS subscriptions are considered for accounting purposes to contain a lease for the customer’s use of the Company’s owned and operated systems unless the location allows the Company to receive incremental economic benefit from regulatory credits earned on that owned and operated system. The leasing arrangements the Company enters into with lessees are operating leases. The Company recognizes operating lease revenue on a straight-line basis over the lease term and expenses deferred initial direct costs on the same basis. Lessor revenue relates to operating leases and historically has not been material.
Other revenue
Other revenue consists of charging related fees received from drivers using charging sites owned and operated by the Company, net transaction fees earned for processing payments collected on driver charging sessions at charging sites owned by ChargePoint customers, and other professional services. Revenue from fees for owned and operated sites is recognized over time on a straight-line basis over the performance period of the service contract as the Company has a stand-ready obligation to deliver such services. Revenue from driver charging sessions and charging transaction fees is recognized at the point in time the charging session or transaction is completed. Revenue from professional services is recognized as the services are rendered.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires companies to provide disaggregated information about a reporting entity’s effective tax rate reconciliation as well as further disaggregation on income taxes paid disclosure by federal, state, and foreign taxes. The guidance is effective for public business entities for the fiscal years beginning after December 15, 2024. The Company is currently assessing the impact of adopting this standard on the condensed consolidated financial statements and related disclosures.
In November 2024, the FASB issued ASU No. 2024-03, “Disaggregation of Income Statement Expenses,” (“ASU 2024-03”), which requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement, as well as disclosures about selling expenses. The guidance is effective for public business entities for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. The requirements will be applied prospectively with the option for retrospective application. Early adoption is permitted. The Company is currently assessing the impact of adopting this standard on the condensed consolidated financial statements and related disclosures.

In November 2024, the FASB issued Accounting Standard Update (ASU) 2024-04, “Induced Conversions of Convertible Debt Instruments”, which clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. This ASU is effective for fiscal years beginning after December 15, 2025 and interim reporting periods within those annual reporting periods. The Company is currently assessing the impact of adopting this standard on the condensed consolidated financial statements and related disclosures.

In July 2025, the FASB issued Accounting Standard Update (ASU) 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. This amendment introduces a practical expedient for the application of the current expected credit loss (“CECL”) model to current accounts receivable and contract assets. The amendment is effective beginning in the first quarter of fiscal year 2027 on a prospective basis, with early adoption permitted. The Company is currently evaluating the timing of adoption and impact of this amendment on the condensed consolidated financial statements and related disclosures.
v3.25.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jul. 31, 2025
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents
The reconciliation of cash, cash equivalents, and restricted cash to amounts presented in the condensed consolidated statements of cash flows were as follows:
July 31,
2025		January 31,
2025
(in thousands)
Cash and cash equivalents$194,123 $224,571 
Restricted cash400 400 
Total cash, cash equivalents, and restricted cash$194,523 $224,971 
Schedule of Restrictions on Cash and Cash Equivalents
The reconciliation of cash, cash equivalents, and restricted cash to amounts presented in the condensed consolidated statements of cash flows were as follows:
July 31,
2025		January 31,
2025
(in thousands)
Cash and cash equivalents$194,123 $224,571 
Restricted cash400 400 
Total cash, cash equivalents, and restricted cash$194,523 $224,971 
v3.25.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jul. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amounts of Goodwill
The following table summarizes the changes in carrying amounts of goodwill (in thousands):
Balance as of January 31, 2025
$207,540 
Foreign exchange fluctuations14,615 
Balance as of July 31, 2025
$222,155 
Schedule of Intangible Assets
The following table presents the details of intangible assets:
July 31, 2025
Cost (1)
Accumulated Amortization (1)
Net (1)
Useful Life
(amounts in thousands, useful lives in years)
Customer relationships$94,858 $(36,480)$58,378 10
Developed technology19,020 (12,268)6,752 6
$113,878 $(48,748)$65,130 
_______________
(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.
January 31, 2025
Cost (1)
Accumulated Amortization (1)
Net (1)
Useful Life
(amounts in thousands, useful lives in years)
Customer relationships$87,724 $(29,371)$58,353 10
Developed technology17,868 (10,046)7,822 6
$105,592 $(39,417)$66,175 
_______________
(1) Values are translated into U.S. Dollars at period-end foreign exchange rates.
Schedule of Amortization Expense Related to Intangible Assets
The following table presents the amortization expense related to intangible assets:
Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
Amortization expense$3,178 $3,028 $6,219 $6,051 
v3.25.2
Composition of Certain Financial Statement Items (Tables)
 6 Months Ended
Jul. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventories
Inventories consisted of the following:
July 31,
2025		January 31,
2025
(in thousands)
Raw materials$7,741 $5,902 
Finished goods and components204,666 203,360 
Total Inventories$212,407 $209,262 
Schedule of Prepaid Expense and Other Current Assets
Prepaid expense and other current assets consisted of the following:
July 31,
2025		January 31,
2025
(in thousands)
Prepaid expense$10,988 $15,961 
Other current assets19,493 20,474 
Total Prepaid Expense and Other Current Assets$30,481 $36,435 
Schedule of Property and Equipment, Net and Depreciation Expense
Property and equipment, net consisted of the following:
July 31,
2025		January 31,
2025
(in thousands)
Machinery and equipment$36,243 $39,786 
Owned and operated systems27,189 31,880 
Tooling16,271 16,524 
Computers and software10,069 9,937 
Leasehold improvements9,410 9,289 
Furniture and fixtures1,466 1,683 
Construction in progress733 751 
101,381 109,850 
Less: Accumulated depreciation(71,668)(74,489)
Total Property and Equipment, Net$29,713 $35,361 
The following table presents the depreciation expense:
Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
Depreciation expense$3,748 $4,423 $7,635 $8,844 
Schedule of Accrued and Other Current Liabilities
Accrued and other current liabilities consisted of the following:
July 31,
2025		January 31,
2025
(in thousands)
Accrued expenses$37,288 $37,187 
Customer funds
20,671 17,440 
Taxes payable19,072 17,294 
Refundable driver deposits
18,360 17,201 
Payroll and related expenses13,534 12,064 
Accrued losses on purchase commitments
9,572 11,928 
Other current liabilities
13,914 11,565 
Total Accrued and Other Current Liabilities$132,411 $124,679 
Schedule of Revenue
Revenue consisted of the following:
Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
United States$76,846 $76,818 $151,720 $155,633 
Rest of World21,744 31,721 44,510 59,949 
Total revenue$98,590 $108,539 $196,230 $215,582 
Schedule of Deferred Revenue
The following table shows the total deferred revenue for each period presented.
July 31,
2025		January 31,
2025
(in thousands)
Deferred revenue$250,297 $239,215 
The following table shows the revenue recognized that was included in the deferred revenue balance at the beginning of the period.
Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
Deferred revenue recognized$29,478 $27,975 $60,823 $59,777 
v3.25.2
Restructuring (Tables)
 6 Months Ended
Jul. 31, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges The following table summarizes the charges by line item within the Company’s condensed consolidated statements of operations for the year ended January 31, 2025:
Severance and employment-related termination costs
(in thousands)
Cost of revenue$961 
Research and development2,867 
Sales and marketing5,066 
General and administrative933 
Total$9,827 
The following table summarizes the charges by line item within the Company’s consolidated statements of operations where they were recorded in the fiscal year ended January 31, 2024:
Severance and employment-related termination costs
Facility and other contract terminations
Total
(in thousands)
Cost of revenue$632 $— $632 
Research and development7,540 — 7,540 
Sales and marketing500 — 500 
General and administrative1,274 2,708 3,982 
Total$9,946 $2,708 $12,654 
The following table summarizes the September 2023 Reorganization charges by line item within the Company’s statements of operations for the year ended January 31, 2024:
Severance and employment-related termination costs
Facility and other contract terminationsTotal
(in thousands)
Cost of revenue$996 $— $996 
Research and development4,183 — 4,183 
Sales and marketing1,343 — 1,343 
General and administrative890 8,189 9,079 
Total$7,412 $8,189 $15,601 
v3.25.2
Debt (Tables)
 6 Months Ended
Jul. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Convertible Debt
The following table presents the Company’s convertible debt outstanding:
July 31,
2025		January 31, 2025
(in thousands)
Gross amount$326,042 $312,750 
Debt discount and issuance costs(16,628)(15,658)
Carrying amount$309,414 $297,092 
Estimated fair value (Level 2 Inputs)$251,000 $233,000 
Schedule of Interest Expense, Debt
The following table presents the Company’s interest expense:
Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
2028 Convertible Notes
Interest expense for Cash Interest and PIK Interest
$4,898 $5,250 $13,500 $10,515 
PIK Fair Value Adjustment— — (3,895)— 
Amortization of debt discount and issuance costs1,571 985 2,925 1,970 
2027 Revolving Credit Facility
Amortization of debt issuance costs
227 212 454 423 
Commitment fees
153 153 301 303 
Total interest expense$6,849 $6,600 $13,285 $13,211 
v3.25.2
Commitments and Contingencies (Tables)
 6 Months Ended
Jul. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Payments of Lease Liabilities Under Non-Cancelable Operating Leases
The following table presents future payments of lease liabilities under the Company's non-cancelable operating leases as of July 31, 2025 (in thousands):
(in thousands)
2026 (remaining six months)$3,182 
20275,822 
20284,896 
20294,285 
20302,504 
Total undiscounted operating lease payments20,689 
Less: imputed interest(2,602)
Total operating lease liabilities18,087 
Less: current portion of operating lease liabilities(4,911)
Operating lease liabilities, noncurrent$13,176 
v3.25.2
Common Stock Warrants (Tables)
 6 Months Ended
Jul. 31, 2025
Equity [Abstract]  
Schedule of Warrants Activity
Warrant activity is set forth below, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
 
Number of Warrants
Outstanding as of January 31, 20251,724,971 
Warrants exercised—
Outstanding as of July 31, 20251,724,971
v3.25.2
Equity Plans and Stock-based Compensation (Tables)
 6 Months Ended
Jul. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
The following sets forth the total stock-based compensation expense for employee equity plans included in the Company’s condensed consolidated statements of operations:

Three Months Ended
July 31, 		Six Months Ended
July 31,
2025202420252024
(in thousands)
Cost of revenue$1,251 $1,526 $2,474 $2,610 
Research and development9,174 10,731 17,788 19,033 
Sales and marketing2,876 4,463 5,955 9,905 
General and administrative4,915 2,049 9,862 8,820 
Total stock-based compensation expense$18,216 $18,769 $36,079 $40,368 
Schedule of Activity of Restricted Stock Units and Performance Restricted Stock Units
A summary of RSUs outstanding under the 2021 EIP as of July 31, 2025 and changes during the fiscal year-to-date period then ended is presented in the following table, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
 Number of SharesWeighted Average Grant Date Fair Value per Share
Outstanding as of January 31, 20251,827,940 $57.32 
RSU granted1,766,911 $12.70 
RSU vested(454,688)$61.70 
RSU forfeited(184,397)$38.76 
Outstanding as of July 31, 20252,955,766 $31.13 
A summary of PRSUs outstanding under the 2021 EIP as of July 31, 2025 and changes during the fiscal year-to-date period then ended is presented in the following table, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
 Number of SharesWeighted Average Grant Date Fair Value per Share
Outstanding as of January 31, 2025186,646 $47.75 
PRSUs granted348,187 $12.52 
PRSU forfeited(36,015)$54.68 
Outstanding as of July 31, 2025498,818 $22.65 
Schedule of Stock Option Activity
A summary of options outstanding under the 2017 Plan and 2007 Plan as of July 31, 2025 and changes during the fiscal year-to-date period then ended is presented in the following table, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
 Number of Stock Option AwardsWeighted Average Exercise PriceWeighted Average Remaining Contractual term (in years)Aggregate Intrinsic Value (in thousands)
Outstanding as of January 31, 2025135,179 $15.34 3.9$528 
Options exercised(3,155)$12.80 
Options cancelled(10,891)$14.76 
Outstanding as of July 31, 2025121,133 $15.46 3.6$1 
Options vested and expected to vest as of July 31, 2025121,133 $15.46 3.6$1 
Exercisable as of July 31, 2025121,133 $15.46 3.6$1 
v3.25.2
Basic and Diluted Net Loss per Share (Tables)
 6 Months Ended
Jul. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Loss Per Share Attributable to Common Stockholders, Basic and Diluted
The following table sets forth the computation of the Company’s basic and diluted net loss per share attributable to common stockholders for the three and six months ended July 31, 2025 and 2024, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation:
Three months ended July 31, Six Months Ended
July 31,
2025202420252024
(in thousands, except share and per share data)
Numerator:
Net loss$(66,179)$(68,874)$(123,300)$(140,673)
Denominator:
Weighted average common shares outstanding23,196,534 21,376,634 23,076,430 21,271,738 
Weighted average shares outstanding - Basic and Diluted23,196,534 21,376,634 23,076,430 21,271,738 
Net loss per share - Basic and Diluted$(2.85)$(3.22)$(5.34)$(6.61)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The potential shares of Common Stock that were excluded from the computation of diluted net loss per share attributable to common stockholders at each period end, adjusted on a retroactive basis to reflect the Reverse Stock Split as discussed in Note 1, Description of Business and Basis of Presentation, because including them would have had an antidilutive effect were as follows:
July 31,
2025		July 31,
2024
2028 Convertible Notes (on an as-converted basis)
1,358,507 1,250,000 
Options to purchase common stock121,133 434,383 
Restricted stock units2,955,766 2,211,360 
Common stock warrants1,724,971 1,724,971 
Employee stock purchase plan572,471 316,575 
Total potentially dilutive common share equivalents6,732,848 5,937,289 
v3.25.2
Description of Business and Basis of Presentation (Details)
$ in Thousands
 6 Months Ended
Jul. 28, 2025
Jul. 31, 2025
USD ($)
Jul. 31, 2024
USD ($)
Jan. 31, 2025
USD ($)
Jan. 31, 2024
USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]          
Accumulated deficit   $ 2,014,738   $ 1,891,438  
Cash, cash equivalents, and restricted cash and short-term investments   194,523 $ 243,663 $ 224,971 $ 357,810
Cash outflow from operations   $ 39,120 $ 113,706    
Stock split ratio 0.05        
v3.25.2
Summary of Significant Accounting Policies - Concentration of Credit Risk (Narrative) (Details) - Customer Concentration Risk - Largest Customer
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2025
Accounts Receivable    
Concentration Risk [Line Items]    
Concentration risk (as a percent)   11.00%
Revenue Benchmark    
Concentration Risk [Line Items]    
Concentration risk (as a percent) 11.00%  
v3.25.2
Summary of Significant Accounting Policies - Segment Reporting (Narrative) (Details)
 6 Months Ended
Jul. 31, 2025
segment
Accounting Policies [Abstract]  
Number of operating segments 1
v3.25.2
Summary of Significant Accounting Policies - Schedule of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($)
$ in Thousands
Jul. 31, 2025
Jan. 31, 2025
Jul. 31, 2024
Jan. 31, 2024
Accounting Policies [Abstract]        
Cash and cash equivalents $ 194,123 $ 224,571    
Restricted cash 400 400    
Total cash, cash equivalents, and restricted cash $ 194,523 $ 224,971 $ 243,663 $ 357,810
v3.25.2
Summary of Significant Accounting Policies - Fair Value (Details) - Fair Value, Recurring - USD ($)
Jul. 31, 2025
Jan. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total financial assets $ 0 $ 0
Total financial liabilities $ 0 $ 0
v3.25.2
Summary of Significant Accounting Policies - Revenue (Details)
 6 Months Ended
Jul. 31, 2025
Minimum  
Disaggregation of Revenue [Line Items]  
Contract terms 30 days
Maximum  
Disaggregation of Revenue [Line Items]  
Contract terms 90 days
v3.25.2
Goodwill and Intangible Assets - Schedule of Changes in Carrying Amounts of Goodwill (Details)
$ in Thousands
 6 Months Ended
Jul. 31, 2025
USD ($)
Goodwill [Roll Forward]  
Balance as of January 31, 2025 $ 207,540
Foreign exchange fluctuations 14,615
Balance as of July 31, 2025 $ 222,155
v3.25.2
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]        
Goodwill impairment loss $ 0 $ 0 $ 0 $ 0
v3.25.2
Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Thousands
Jul. 31, 2025
Jan. 31, 2025
Business Combination [Line Items]    
Cost $ 113,878 $ 105,592
Accumulated Amortization (48,748) (39,417)
Net 65,130 66,175
Customer relationships    
Business Combination [Line Items]    
Cost 94,858 87,724
Accumulated Amortization (36,480) (29,371)
Net $ 58,378 $ 58,353
Useful Life 10 years 10 years
Developed technology    
Business Combination [Line Items]    
Cost $ 19,020 $ 17,868
Accumulated Amortization (12,268) (10,046)
Net $ 6,752 $ 7,822
Useful Life 6 years 6 years
v3.25.2
Goodwill and Intangible Assets - Schedule of Amortization Expense Related to Intangible Assets (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization expense $ 3,178 $ 3,028 $ 6,219 $ 6,051
v3.25.2
Composition of Certain Financial Statement Items - Schedule of Inventories (Details) - USD ($)
$ in Thousands
Jul. 31, 2025
Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Raw materials $ 7,741 $ 5,902
Finished goods and components 204,666 203,360
Total Inventories $ 212,407 $ 209,262
v3.25.2
Composition of Certain Financial Statement Items - Schedule of Prepaid Expense and Other Current Assets (Details) - USD ($)
$ in Thousands
Jul. 31, 2025
Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Prepaid expense $ 10,988 $ 15,961
Other current assets 19,493 20,474
Total Prepaid Expense and Other Current Assets $ 30,481 $ 36,435
v3.25.2
Composition of Certain Financial Statement Items - Schedule of Property and Equipment, Net (Details) - USD ($)
$ in Thousands
Jul. 31, 2025
Jan. 31, 2025
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 101,381 $ 109,850
Less: Accumulated depreciation (71,668) (74,489)
Total Property and Equipment, Net 29,713 35,361
Machinery and equipment    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 36,243 39,786
Owned and operated systems    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 27,189 31,880
Tooling    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 16,271 16,524
Computers and software    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 10,069 9,937
Leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 9,410 9,289
Furniture and fixtures    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 1,466 1,683
Construction in progress    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 733 $ 751
v3.25.2
Composition of Certain Financial Statement Items - Schedule of Depreciation Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Depreciation expense $ 3,748 $ 4,423 $ 7,635 $ 8,844
v3.25.2
Composition of Certain Financial Statement Items - Schedule of Accrued and Other Current Liabilities (Details) - USD ($)
$ in Thousands
Jul. 31, 2025
Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Accrued expenses $ 37,288 $ 37,187
Customer funds 20,671 17,440
Taxes payable 19,072 17,294
Refundable driver deposits 18,360 17,201
Payroll and related expenses 13,534 12,064
Accrued losses on purchase commitments 9,572 11,928
Other current liabilities 13,914 11,565
Total Accrued and Other Current Liabilities $ 132,411 $ 124,679
v3.25.2
Composition of Certain Financial Statement Items - Schedule of Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Disaggregation of Revenue [Line Items]        
Total revenue $ 98,590 $ 108,539 $ 196,230 $ 215,582
United States        
Disaggregation of Revenue [Line Items]        
Total revenue 76,846 76,818 151,720 155,633
Rest of World        
Disaggregation of Revenue [Line Items]        
Total revenue $ 21,744 $ 31,721 $ 44,510 $ 59,949
v3.25.2
Composition of Certain Financial Statement Items - Schedule of Deferred Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]          
Deferred revenue $ 250,297   $ 250,297   $ 239,215
Deferred revenue recognized $ 29,478 $ 27,975 $ 60,823 $ 59,777  
v3.25.2
Composition of Certain Financial Statement Items - Remaining Performance Obligations (Narrative) (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-08-01
$ in Millions
Jul. 31, 2025
USD ($)
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]  
Revenue expected to be recognized from remaining performance obligations $ 264.8
Revenue expected to be recognized from remaining performance obligations (as percent) 46.00%
Revenue expected to be recognized from remaining performance obligations (in months) 12 months
v3.25.2
Restructuring - Narrative (Details)
 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Sep. 30, 2024
employee
Sep. 30, 2023
employee
Oct. 31, 2024
USD ($)
Oct. 31, 2023
USD ($)
Jul. 31, 2025
USD ($)
employee
Jan. 31, 2025
USD ($)
Jan. 31, 2024
USD ($)
September 2024 Reorganization              
Restructuring Cost and Reserve [Line Items]              
Expected number of positions eliminated | employee 249            
Reduction in workforce (as a percent) 15.00%            
Restructuring charges         $ 0    
Remaining liabilities         $ 0 $ 400,000  
September 2024 Reorganization | Severance and employment-related termination costs              
Restructuring Cost and Reserve [Line Items]              
Restructuring charges     $ 9,800,000     9,827,000  
January 2024 Reorganization              
Restructuring Cost and Reserve [Line Items]              
Expected number of positions eliminated | employee         223    
Reduction in workforce (as a percent)         12.00%    
Restructuring charges         $ 0   $ 12,654,000
Restructuring liabilities         1,100,000 1,100,000  
January 2024 Reorganization | Severance and employment-related termination costs              
Restructuring Cost and Reserve [Line Items]              
Restructuring charges         9,900,000   9,946,000
January 2024 Reorganization | Facility and other contract terminations              
Restructuring Cost and Reserve [Line Items]              
Restructuring charges         2,700,000   2,708,000
September 2023 Reorganization              
Restructuring Cost and Reserve [Line Items]              
Expected number of positions eliminated | employee   168          
Reduction in workforce (as a percent)   10.00%          
Restructuring charges       $ 15,600,000 0   15,601,000
Restructuring liabilities         200,000 300,000  
September 2023 Reorganization | Severance and employment-related termination costs              
Restructuring Cost and Reserve [Line Items]              
Restructuring charges             7,412,000
Restructuring liabilities         100,000 100,000  
September 2023 Reorganization | Facility and other contract terminations              
Restructuring Cost and Reserve [Line Items]              
Restructuring charges             $ 8,189,000
Restructuring liabilities         $ 100,000 $ 200,000  
v3.25.2
Restructuring - Schedule of Restructuring (Details) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Jul. 31, 2025
Jan. 31, 2025
Jan. 31, 2024
September 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges     $ 0    
January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges     0   $ 12,654,000
September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges   $ 15,600,000 0   15,601,000
Cost of revenue | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         632,000
Cost of revenue | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         996,000
Research and development | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         7,540,000
Research and development | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         4,183,000
Sales and marketing | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         500,000
Sales and marketing | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         1,343,000
General and administrative | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         3,982,000
General and administrative | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         9,079,000
Severance and employment-related termination costs | September 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges $ 9,800,000     $ 9,827,000  
Severance and employment-related termination costs | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges     9,900,000   9,946,000
Severance and employment-related termination costs | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         7,412,000
Severance and employment-related termination costs | Cost of revenue | September 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges       961,000  
Severance and employment-related termination costs | Cost of revenue | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         632,000
Severance and employment-related termination costs | Cost of revenue | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         996,000
Severance and employment-related termination costs | Research and development | September 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges       2,867,000  
Severance and employment-related termination costs | Research and development | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         7,540,000
Severance and employment-related termination costs | Research and development | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         4,183,000
Severance and employment-related termination costs | Sales and marketing | September 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges       5,066,000  
Severance and employment-related termination costs | Sales and marketing | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         500,000
Severance and employment-related termination costs | Sales and marketing | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         1,343,000
Severance and employment-related termination costs | General and administrative | September 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges       $ 933,000  
Severance and employment-related termination costs | General and administrative | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         1,274,000
Severance and employment-related termination costs | General and administrative | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         890,000
Facility and other contract terminations | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges     $ 2,700,000   2,708,000
Facility and other contract terminations | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         8,189,000
Facility and other contract terminations | Cost of revenue | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         0
Facility and other contract terminations | Cost of revenue | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         0
Facility and other contract terminations | Research and development | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         0
Facility and other contract terminations | Research and development | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         0
Facility and other contract terminations | Sales and marketing | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         0
Facility and other contract terminations | Sales and marketing | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         0
Facility and other contract terminations | General and administrative | January 2024 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         2,708,000
Facility and other contract terminations | General and administrative | September 2023 Reorganization          
Restructuring Cost and Reserve [Line Items]          
Restructuring charges         $ 8,189,000
v3.25.2
Debt - Schedule of Convertible Debt (Details) - 2028 Convertible Notes - 2028 Convertible Notes (on an as-converted basis) - USD ($)
$ in Thousands
Jul. 31, 2025
Apr. 30, 2025
Jan. 31, 2025
Apr. 30, 2022
Debt Instrument [Line Items]        
Gross amount $ 326,042   $ 312,750  
Debt discount and issuance costs (16,628)   (15,658)  
Carrying amount 309,414   297,092 $ 294,000
Estimated fair value (Level 2 Inputs) $ 251,000 $ 233,000 $ 233,000  
v3.25.2
Debt - Schedule of Interest Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Debt Instrument [Line Items]        
Total interest expense $ 6,849 $ 6,600 $ 13,285 $ 13,211
2028 Convertible Notes | 2028 Convertible Notes (on an as-converted basis)        
Debt Instrument [Line Items]        
Interest expense for Cash Interest and PIK Interest 4,898 5,250 13,500 10,515
PIK Fair Value Adjustment 0 0 (3,895) 0
Amortization of debt discount and issuance costs 1,571 985 2,925 1,970
2027 Revolving Credit Facility | Line of Credit | Revolving Credit Facility        
Debt Instrument [Line Items]        
Amortization of debt discount and issuance costs 227 212 454 423
Commitment fees $ 153 $ 153 $ 301 $ 303
v3.25.2
Debt - Narrative (Details)
 1 Months Ended
Jul. 28, 2025
$ / shares
Oct. 24, 2023
$ / shares
Jul. 27, 2023
USD ($)
Apr. 30, 2022
USD ($)
day
Jul. 31, 2025
USD ($)
tradingDay
Apr. 30, 2025
USD ($)
Jan. 31, 2025
USD ($)
Debt Instrument [Line Items]              
Maximum trading day for convertible note redeemption | tradingDay         41    
2028 Convertible Notes | 2028 Convertible Notes (on an as-converted basis)              
Debt Instrument [Line Items]              
Debt instrument, face amount       $ 300,000,000      
Long-term debt       $ 294,000,000 $ 309,414,000   $ 297,092,000
Ratio of repurchase price to principal amount (as a percent)       100.00%      
Ratio of control price to principal amount (as a percent)       125.00%      
Conversion ratio   0.0041667   0.0416119      
Convertible notes payable         13,300,000    
Long-term debt, fair value         $ 251,000,000 $ 233,000,000 $ 233,000,000
Interest rate, effective percentage (as a percent)         10.00%    
2028 Convertible Notes | 2028 Convertible Notes (on an as-converted basis) | Common Stock              
Debt Instrument [Line Items]              
Conversion price (USD per share) | $ / shares $ 480.63 $ 240.00          
Conversion ratio 0.0020806 0.0020806          
2028 Convertible Notes | 2028 Convertible Notes (on an as-converted basis) | Period One              
Debt Instrument [Line Items]              
Threshold trading days | day       20      
Threshold consecutive trading days | day       30      
Threshold percentage of stock price trigger (as a percent)       130.00%      
2028 Convertible Notes | 2028 Convertible Notes (on an as-converted basis) | Period Two              
Debt Instrument [Line Items]              
Threshold trading days | day       5      
Threshold consecutive trading days | day       10      
Threshold percentage of stock price trigger (as a percent)       98.00%      
2028 Convertible Notes | 2028 Convertible Notes (on an as-converted basis) | Cash Interest              
Debt Instrument [Line Items]              
Interest rate, stated percentage   7.00%   3.50%      
2028 Convertible Notes | 2028 Convertible Notes (on an as-converted basis) | Paid In Kind Interest              
Debt Instrument [Line Items]              
Interest rate, stated percentage   8.50%   5.00%      
2028 Convertible Notes | Secured Debt              
Debt Instrument [Line Items]              
Maximum covenant threshold       $ 750,000,000      
Trustee percentage (as a percent)       25.00%      
Declare percentage (as a percent)       100.00%      
Amendment valuation change (less than) (as a percent)   10.00%          
2027 Revolving Credit Facility | Line of Credit | Revolving Credit Facility              
Debt Instrument [Line Items]              
Interest rate, stated percentage     1.75%        
Maximum borrowing capacity     $ 150,000,000        
Commitment fee (as a percent)     0.40%        
Borrowing capacity         $ 150,000,000    
2027 Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Basis spread on variable rate (as a percent)     2.75%        
Participation fee (as a percent)     2.25%        
Borrowing outstanding         0    
2027 Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Euro Interbank Offered Rate (EURIBOR)              
Debt Instrument [Line Items]              
Basis spread on variable rate (as a percent)     2.75%        
2027 Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Daily Simple Risk-Free Rate              
Debt Instrument [Line Items]              
Basis spread on variable rate (as a percent)     2.75%        
2027 Revolving Credit Facility | Line of Credit | Letter of Credit              
Debt Instrument [Line Items]              
Maximum borrowing capacity     $ 100,000,000        
Minimum total liquidity (as a percent)     150.00%        
2027 Revolving Credit Facility | Line of Credit | Letter of Credit | Secured Overnight Financing Rate (SOFR)              
Debt Instrument [Line Items]              
Borrowing outstanding         0    
PIK Note | 2028 Convertible Notes (on an as-converted basis)              
Debt Instrument [Line Items]              
Long-term debt, fair value         9,400,000    
Debt discount         $ 3,900,000    
v3.25.2
Commitments and Contingencies - Narrative (Details)
$ in Millions
Sep. 23, 2024
action
May 16, 2024
action
plantiff
Jan. 05, 2024
action
Jul. 31, 2025
USD ($)
Jan. 31, 2025
USD ($)
Commitments and Contingencies Disclosure [Abstract]          
Number of actions filed   1      
Number of lead plantiffs | plantiff   2      
Additional actions filed 1   4    
Letters of credit outstanding | $       $ 0.4 $ 0.4
v3.25.2
Commitments and Contingencies - Schedule of Future Payments of Lease Liabilities Under Non-Cancelable Operating Leases (Details) - USD ($)
$ in Thousands
Jul. 31, 2025
Jan. 31, 2025
Commitments and Contingencies Disclosure [Abstract]    
2026 (remaining six months) $ 3,182  
2027 5,822  
2028 4,896  
2029 4,285  
2030 2,504  
Total undiscounted operating lease payments 20,689  
Less: imputed interest (2,602)  
Total operating lease liabilities 18,087  
Less: current portion of operating lease liabilities (4,911)  
Operating lease liabilities, noncurrent $ 13,176 $ 15,267
v3.25.2
Common Stock (Details) - USD ($)
$ / shares in Units, $ in Millions
Jul. 01, 2022
Jul. 31, 2025
Jan. 31, 2025
Class of Stock [Line Items]      
Common stock, shares authorized (in shares) [1]   1,000,000,000 1,000,000,000
Common stock, par value (USD per share) [1]   $ 0.0001 $ 0.0001
Common stock, shares outstanding (in shares) [1]   23,357,878 22,805,115
Common stock, shares issued (in shares) [1]   23,357,878 22,805,115
At-The-Market Offering      
Class of Stock [Line Items]      
Stock reserved for issuance (up to) $ 1,000.0    
Maximum consideration receivable $ 500.0    
[1] Amounts have been adjusted to reflect 1-for-20 reverse stock split that became effective on July 28, 2025. See Note 1, “Description of Business and Basis of Presentation” for additional details.
v3.25.2
Common Stock Warrants - Narrative (Details) - shares
 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jan. 31, 2025
Equity [Abstract]      
Warrants outstanding (in shares) 1,724,971   1,724,971
Warrants exercised (in shares) 0 0  
v3.25.2
Common Stock Warrants - Schedule of Warrants Activity (Details) - shares
 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Warrants Or Rights Outstanding Roll Forward [Roll Forward]    
Outstanding at beginning of period (in shares) 1,724,971  
Warrants exercised (in shares) 0 0
Outstanding at end of period (in shares) 1,724,971  
v3.25.2
Equity Plans and Stock-based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense $ 18,216 $ 18,769 $ 36,079 $ 40,368
Cost of revenue        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 1,251 1,526 2,474 2,610
Research and development        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 9,174 10,731 17,788 19,033
Sales and marketing        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense 2,876 4,463 5,955 9,905
General and administrative        
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]        
Total stock-based compensation expense $ 4,915 $ 2,049 $ 9,862 $ 8,820
v3.25.2
Equity Plans and Stock-based Compensation - Narrative (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 31, 2025
USD ($)
shares
Jul. 31, 2025
USD ($)
shares
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]    
Unrecognized stock-based compensation cost | $ $ 76.1 $ 76.1
Period for recognition (in years)   2 years 1 month 6 days
2021 Equity Incentive Plan    
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]    
Common stock reserved (in shares) 850,448 850,448
Number of stock options granted (in shares) 0 0
Employee stock purchase plan    
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]    
Common stock reserved (in shares) 843,207 843,207
Performance Restricted Stock Units | 2021 Equity Incentive Plan | Minimum    
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]    
Vesting period (in years)   4 years
Performance Restricted Stock Units | 2021 Equity Incentive Plan | Maximum    
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]    
Vesting period (in years)   5 years
v3.25.2
Equity Plans and Stock-based Compensation - Schedule of Activity of Restricted Stock Units (Details) - Restricted stock units
 6 Months Ended
Jul. 31, 2025
$ / shares
shares
Number of Shares  
Outstanding, beginning balance (in shares) | shares 1,827,940
Granted (in shares) | shares 1,766,911
Vested (in shares) | shares (454,688)
Forfeited (in shares) | shares (184,397)
Outstanding, ending balance (in shares) | shares 2,955,766
Weighted Average Grant Date Fair Value per Share  
Outstanding, beginning balance (in dollars per share) | $ / shares $ 57.32
Granted (in dollars per share) | $ / shares 12.70
Vested (in dollars per share) | $ / shares 61.70
Forfeited (in dollars per share) | $ / shares 38.76
Outstanding, ending balance (in dollars per share) | $ / shares $ 31.13
v3.25.2
Equity Plans and Stock-based Compensation - Schedule of Activity of Performance Restricted Stock Units (Details) - Performance Restricted Stock Units
 6 Months Ended
Jul. 31, 2025
$ / shares
shares
Number of Shares  
Outstanding, beginning balance (in shares) | shares 186,646
Granted (in shares) | shares 348,187
Forfeited (in shares) | shares (36,015)
Outstanding, ending balance (in shares) | shares 498,818
Weighted Average Grant Date Fair Value per Share  
Outstanding, beginning balance (in dollars per share) | $ / shares $ 47.75
Granted (in dollars per share) | $ / shares 12.52
Forfeited (in dollars per share) | $ / shares 54.68
Outstanding, ending balance (in dollars per share) | $ / shares $ 22.65
v3.25.2
Equity Plans and Stock-based Compensation - Schedule of Stock Option Activity (Details) - USD ($)
$ / shares in Units, $ in Thousands
 6 Months Ended 12 Months Ended
Jul. 31, 2025
Jan. 31, 2025
Number of Stock Option Awards    
Outstanding at the beginning of period (in shares) 135,179  
Options exercised (in shares) (3,155)  
Options cancelled (in shares) (10,891)  
Outstanding at the end of period (in shares) 121,133 135,179
Options vested and expected to vest at the end of period (in shares) 121,133  
Exercisable at the end of period (in shares) 121,133  
Weighted Average Exercise Price    
Outstanding at the beginning of period (USD per share) $ 15.34  
Options exercised (USD per share) 12.80  
Options cancelled (USD per share) 14.76  
Outstanding at the end of period (USD per share) 15.46 $ 15.34
Options vested and expected to vest at the end of period (USD per share) 15.46  
Exercisable at the end of period (USD per share) $ 15.46  
Weighted Average Remaining Contractual term (in years)    
Outstanding (in years) 3 years 7 months 6 days 3 years 10 months 24 days
Options vested and expected to vest (in years) 3 years 7 months 6 days  
Exercisable (in years) 3 years 7 months 6 days  
Aggregate Intrinsic Value (in thousands)    
Outstanding $ 1 $ 528
Options vested and expected to vest 1  
Exercisable $ 1  
v3.25.2
Income Taxes (Details)
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Income Tax Disclosure [Abstract]        
Effective income tax rate (1.80%) (2.50%) (1.50%) (1.50%)
v3.25.2
Basic and Diluted Net Loss per Share - Computation of Basic and Diluted Loss per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Apr. 30, 2025
Jul. 31, 2024
Apr. 30, 2024
Jul. 31, 2025
Jul. 31, 2024
Numerator:            
Net loss $ (66,179) $ (57,121) $ (68,874) $ (71,799) $ (123,300) $ (140,673)
Denominator:            
Weighted average common shares outstanding (in shares) 23,196,534   21,376,634   23,076,430 21,271,738
Weighted average shares outstanding - basic (in shares) [1] 23,196,534   21,376,634   23,076,430 21,271,738
Weighted average shares outstanding - diluted (in shares) [1] 23,196,534   21,376,634   23,076,430 21,271,738
Net loss per share - Basic (USD per share) [1] $ (2.85)   $ (3.22)   $ (5.34) $ (6.61)
Net loss per share - Diluted (USD per share) [1] $ (2.85)   $ (3.22)   $ (5.34) $ (6.61)
[1] Amounts have been adjusted to reflect 1-for-20 reverse stock split that became effective on July 28, 2025. See Note 1, “Description of Business and Basis of Presentation” for additional details.
v3.25.2
Basic and Diluted Net Loss per Share - Antidilutive Securities (Details) - shares
 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total potentially dilutive common share equivalents (in shares) 6,732,848 5,937,289
2028 Convertible Notes (on an as-converted basis)    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total potentially dilutive common share equivalents (in shares) 1,358,507 1,250,000
Options to purchase common stock    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total potentially dilutive common share equivalents (in shares) 121,133 434,383
Restricted stock units    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total potentially dilutive common share equivalents (in shares) 2,955,766 2,211,360
Common stock warrants    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total potentially dilutive common share equivalents (in shares) 1,724,971 1,724,971
Employee stock purchase plan    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Total potentially dilutive common share equivalents (in shares) 572,471 316,575
v3.25.2
Subsequent Event (Details) - USD ($)
$ in Millions
Sep. 08, 2025
Jul. 01, 2022
At-The-Market Offering    
Subsequent Event [Line Items]    
Stock reserved for issuance (up to)   $ 1,000
Subsequent Event | At-The-Market Offering    
Subsequent Event [Line Items]    
Stock reserved for issuance (up to) $ 150  
Subsequent Event | 2025 Shelf Registration Statement    
Subsequent Event [Line Items]    
Stock reserved for issuance (up to) $ 400