ChargePoint Holdings, Inc.
3.2 %
-65.56 %
Yet to be announced
Company Overview
ChargePoint Holdings, Inc. is a leading electric vehicle (EV) charging network operator. The company designs, develops, and markets networked EV charging systems and provides cloud subscription platform services. Their primary business involves selling EV charging hardware, software solutions, and services to commercial, fleet, and residential customers.
Revenue Sources
PassBased on analysis of ChargePoint's revenue streams, their income is primarily derived from the sale of EV charging hardware, software subscriptions, and related services. These are all halal business activities as they involve the exchange of real products and services. There is no evidence of revenue from gambling, alcohol, tobacco, or other haram sources.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Jan. 31, 2025 | $101.89m | $159.0m | - | $2.17m | 0.00% | 1.36% |
| Oct. 31, 2024 | $99.61m | $177.09m | - | $9.31m | 0.00% | 5.26% |
| July 31, 2024 | $108.54m | $177.84m | - | $6.56m | 0.00% | 3.69% |
| April 30, 2024 | $107.04m | $180.79m | - | $6.61m | 0.00% | 3.66% |
Examining the company's financial data over the past four quarters shows interest expenses ranging from approximately $6.5M to $9.3M per quarter against total expenses ranging from $177M to $215M. The interest expense to total expense ratios consistently exceed the 5% threshold considered significant from an Islamic finance perspective.
Operational Ethics
PassBased on available information from SEC filings and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily focused in North America and Europe, with no significant presence or partnerships in regions of concern.
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