ChargePoint (NYSE:CHPT) reported third-quarter fiscal 2025 revenue that surpassed expectations, pushing its stock up more than 9% in pre-market today. Despite the revenue beat, the company reported a slightly wider-than-expected loss.

For the quarter, ChargePoint generated $100 million in revenue, exceeding analysts’ estimates of $93.27 million. However, the adjusted loss per share came in at -$0.18, marginally missing the consensus expectation of -$0.17.

While revenue declined 10% year-over-year, it remained within the company’s guidance range of $95-$105 million. Subscription revenue showed resilience, growing 19% year-over-year to $36.4 million, but networked charging systems revenue dropped 29% to $52.7 million, reflecting ongoing challenges in the segment.

Looking ahead to the fourth quarter, ChargePoint provided revenue guidance of $95 million to $105 million. The company reaffirmed its target to achieve positive adjusted EBITDA in a fiscal quarter during 2026, signaling confidence in its longer-term growth trajectory despite near-term challenges.