Blink Charging announces second quarter 2026 financial results

• Gross margin expanded to 38.9%, up more than 2,200 basis points year-over-year
• Service revenues grew to $11.5 million, representing 53% of total revenues
• Operating expenses reduced 57% year-over-year to $14.7 million
• Adjusted EBITDA loss improved 72% year-over-year to $(2.2) million
• Ended quarter with approximately $34 million in cash

Henderson, NV., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and services, today announced financial results for the second quarter ended June 30, 2026.

The following top-line highlights are in thousands of dollars:

(1) Service Revenues consist of repeatable charging service revenues and recurring network fees
(2) Other Revenues consist of warranty fees, grants and rebates, and other revenues
(3) Car-sharing revenues have been divested after the sale of Envoy Technologies on June 5, 2026

“Blink’s second-quarter results provide further evidence of our progress toward profitability, disciplined capital management, and stronger execution across the business,” said Mike Battaglia, President and Chief Executive Officer of Blink Charging. “We are building the company we committed to deliver—leaner, more focused, and guided by deliberate decisions that prioritize revenue quality over volume. Our 20% sequential growth in product sales demonstrates encouraging commercial momentum, while the continued strength of the Blink Network and our expansion into energy management services are creating a more durable foundation for long-term growth and shareholder value”.

Michael Bercovich, Chief Financial Officer of Blink Charging added: “We’re proud to report a significant reduction in adjusted EBITDA loss, amounting to $2.2 million in Q2, a 72% year-over-year improvement. Margins are expanding, as revenue quality is improving, while costs remain well controlled. As we move through the remainder of 2026, we continue to be focused on making meaningful progress toward adjusted EBITDA breakeven by year-end. We closed out the quarter with approximately $34 million in cash, providing Blink the flexibility to continue investing strategically in high-quality opportunities. Our results validate our strategy. Blink’s disciplined portfolio optimization, contract manufacturing shift, and revenue mix help drive significant gross margin improvement and substantial reduction in operating expenses”.

SECOND QUARTER 2026 FINANCIAL HIGHLIGHTS

Sale of Envoy

On June 5, Blink sold its wholly owned subsidiary, Envoy Technologies, to Blade Ranger Ltd., an Israeli publicly traded company. The transaction reflects Blink’s continued shift toward optimized core products and services.

Revenues

Total revenue for the second quarter was approximately $21.7 million, a 4.3% sequential growth from $20.8 million in the first quarter of 2026.

Product revenue grew 20.1% sequentially to approximately $7.4 million in the second quarter and represents approximately 34% of total revenue. Blink continues to make meaningful progress toward its long-term objective of generating approximately 80% of revenues from recurring and repeatable revenue streams, improving the predictability, quality, and resiliency of the business.

Service revenue, a key growth engine for Blink, increased 6.2% year-over-year to approximately $11.5 million, up from $10.8 million. Service revenue is comprised of repeatable charging revenue and recurring network fees. Q2 service revenue also reflects Blink's deliberate decision to pursue contracts with attractive margin profiles.

Other revenues, including warranty fees as well as grants and rebates, were approximately $1.9 million.

Car-Sharing revenues were $0.8 million, a decrease of 25.9% compared to the prior-year period, primarily attributable to the Blink's strategic divestiture of Envoy Technologies on June 5, 2026.

Gross Profit and Margins

GAAP gross profit increased to $8.4 million, or 38.9% of revenue, up from 16.8% of revenue, or $4.8 million, during the same period in 2025. This represents year-over-year growth of $3.6 million in gross profit or 75% improvement. The gross margin expansion is driven by Blink’s portfolio optimization, contract manufacturing realignment, and favorable revenue mix.

On a non-GAAP basis, the adjusted gross margin was 47.9%.

Operating Expenses

Total operating expenses were $14.7 million, compared to approximately $34.4 million in the second quarter of 2025, representing a 57% reduction year-over-year. This result is influenced by structural improvements implemented throughout the Company.

Cost optimization efforts resulted in significant expense reductions in the second quarter compared to the prior year period. Compensation expenses declined approximately 39% from $13.8 million in Q2 2025 to $8.4 million in Q2 2026. G&A expenses declined to approximately $1.8 million, compared to $10.7 million in the prior-year period, while other operating expenses decreased to approximately $4.1 million from approximately $6.7 million.

Net Loss and Adjusted EBITDA

Net loss was $6.0 million, or $(0.04) per diluted share, compared to $29.3 million loss, or $(0.28) per diluted share - totaling $23.3 million in reduced net loss year-over-year.

Adjusted EBITDA loss reflected an improvement of 72% year-over-year to $(2.2) million in comparison to $(7.9) million in Q2 2025. See reconciling tables below for the definitions of non-GAAP numbers referenced above.

Balance Sheet and Liquidity

As of June 30, 2026, cash and cash equivalents were approximately $34.0 million, providing Blink with the financial flexibility to continue investing in high-quality DC fast charging infrastructure, energy management services, and expanding the strength of the Blink Network.

Business Outlook

2026 represents an inflection year for Blink as the company completes its operational transformation and repositions the business for sustainable, higher-quality revenue growth. As these initiatives take hold, Blink expects to return to revenue growth in 2027, driven primarily by charging and energy management services. Therefore, Blink is updating its full-year 2026 revenue guidance to $83 million to $90 million, from its previous outlook of $105 million to $115 million. The revised outlook reflects the Company’s focus on revenue quality, the divestiture of Envoy Technologies and commercial decisions designed to support a sustainable path to profitability.

Blink is also raising its full-year 2026 GAAP gross margin outlook to approximately 38%, compared to approximately 35% previously.

The Company is targeting to exit 2026 at an approximate adjusted EBITDA breakeven and expects to provide formal 2027 guidance alongside its year-end results.

Earnings Conference Call

Blink will host a conference call and webcast to discuss the second quarter 2026 results today, August 6, 2026, at 4:30 p.m. Eastern Time.

To access the live webcast, log onto the Blink Charging website at www.blinkcharging.com, and click on the News/Events section of the Investor Relations page. Investors may also access the webcast via the following link: https://www.webcaster5.com/Webcast/Page/2468/54356.

To participate in the call by phone, dial (877) 545-0523 approximately five minutes prior to the scheduled start time. International callers please dial +1 (973) 528-0016. Callers should use participant access code: 569186.

A replay of the teleconference will be available until September 3, 2026, and may be accessed by dialing (877) 481-4010. International callers may dial +1 (919) 882-2331. Callers should use replay passcode: 54356.

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BLINK CHARGING CO.

Condensed Consolidated Statements of Operations
(in thousands, except for share and per share amounts)
(unaudited)

BLINK CHARGING CO.

Condensed Consolidated Balance Sheets
(in thousands, except for share amounts)

BLINK CHARGING CO. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

(In thousands)

(unaudited)

Non-GAAP Financial Measures

The following table reconciles Net Loss attributable to Blink Charging to Non-GAAP Net Loss and Adjusted EBITDA for the periods shown:

The following table reconciles EPS attributable to Blink Charging to Adjusted EPS for the periods shown:

The following table reconciles GAAP margin and operating expenses to non-GAAP margin and operating expenses for the periods shown:

Blink Charging Co. publicly reports its financial information in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). To facilitate external analysis of the Company’s operating performance, Blink Charging also presents financial information that is considered “non-GAAP financial measures” under Regulation G and related reporting requirements promulgated by the U.S. Securities and Exchange Commission. Non-GAAP measures should be considered in addition to, and not as a substitute for, or superior to, Net Income (Loss) or other measures of financial performance prepared in accordance with GAAP and may be different than those presented by other companies, including Blink Charging’s competitors. EBITDA and Adjusted EBITDA are not performance measures calculated in accordance with GAAP and are, therefore, considered non-GAAP measures. Blink changed the definitions of its non-GAAP reporting measures in first quarter of 2026 to align better with its peers and industry standards. Reconciliation tables are presented above.

Non-GAAP Gross Profit is defined as GAAP gross profit adjusted to exclude (i) depreciation and amortization charges included in cost of revenues, and (ii) non-recurring or non-cash charges within cost of revenues (such as inventory write-downs or one-time warranty costs). Blink Charging believes Non-GAAP Gross Profit provides investors with a clearer view of the Company’s underlying operational profitability by removing the impact of asset depreciation related to its charging infrastructure build-out and non-recurring items that are not indicative of ongoing performance. Non-GAAP Gross Margin is Non-GAAP Gross Profit divided by total revenues.

Non-GAAP Operating Expenses is defined as GAAP total operating expenses adjusted to exclude (i) stock-based compensation, (ii) depreciation and amortization within operating expenses, (iii) non-recurring and non-cash charges (including severance and retention payments, executive recruiting fees, one-time legal and consulting costs, and charges related to discontinued software or services), and (iv) other adjustments. Blink Charging believes Non-GAAP Operating Expenses is a useful measure for investors to assess the Company’s structural cost base and ongoing operating expense discipline, as it removes the impact of non-cash compensation, asset depreciation, and one-time charges that do not reflect recurring operational costs.

Non-GAAP Net Loss excludes stock-based compensation, non-recurring and non-cash charges, and changes in fair value of consideration payable, but unlike Adjusted EBITDA, retains the impact of depreciation and amortization within operating expenses and interest income/expense. See “Non-GAAP Financial Measures” for a full reconciliation.

Adjusted EBITDA is defined as Non-GAAP Net Loss adjusted to add back: (i) provision for income taxes; (ii) depreciation and amortization within operating expenses; less (iii) net interest and other income (expense). This reconciliation bridge corresponds directly to the line items presented in the Non-GAAP reconciliation tables above.

Blink Charging believes Adjusted EBITDA is useful to management, securities analysts, and investors to evaluate the Company’s core operating performance because it removes the impact of non-cash charges, non-recurring items, financing activity, taxes, and capital investment depreciation that are not indicative of the Company’s recurring operational results. Adjusted EBITDA should be considered in addition to, and not as a substitute for, Net Loss or other measures of financial performance prepared in accordance with GAAP.

Our definition of Adjusted EBITDA and Adjusted EPS may differ from other companies reporting similarly named measures. These measures should be considered in addition to, and not as a substitute for, or superior to, other measures of financial performance prepared in accordance with GAAP, such as Net Loss, and Diluted Earnings per Share.

Adjusted EPS is defined as GAAP net loss per diluted share adjusted to exclude, on a per-share basis, the same non-cash and non-recurring items used in the Adjusted EBITDA reconciliation: (i) stock based compensation, (ii) non-recurring and non-cash charges, (iii) change in fair value related to consideration payable, (iv) provision for income taxes, (v) interest expense, and (vi) depreciation and amortization. Blink Charging believes Adjusted EPS is a useful supplemental measure for investors as it provides a per-share view of the Company’s core operating performance on a basis consistent with Adjusted EBITDA, excluding non-cash and non-recurring items that management does not consider reflective of the Company’s ongoing operations. Adjusted EPS should not be confused with GAAP diluted EPS and should be considered in addition to, and not as a substitute for, GAAP diluted earnings (loss) per share.

Investors should be aware that non-GAAP financial measures have inherent limitations. In particular, certain adjustments to Blink’s GAAP results — such as stock-based compensation — are recurring in nature and are expected to continue for the foreseeable future; stock-based compensation is a meaningful component of employee compensation and plays an important role in Blink’s ability to attract, retain, and motivate its workforce. In addition, Blink’s non-GAAP measures are not calculated pursuant to any standardized GAAP methodology, and the specific items Blink excludes may differ from those excluded by other companies presenting similarly titled non-GAAP measures, which may limit comparability. Blink may also, in future periods, exclude additional items it determines are not reflective of its core operating performance.

About Blink Charging

Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s principal line of products and services include Blink’s EV charging networks (“Blink Networks”), EV charging equipment, and EV charging services. Blink Networks use proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.

For more information, please visit https://blinkcharging.com/.

Forward-Looking Statements 
This press release contains "forward-looking statements" that are subject to risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “expects,” “believes,” “will” and similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Blink's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in Blink’s Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission, and in subsequent periodic reports. Forward-looking statements contained in this announcement are made as of this date, and Blink undertakes no duty to update such information except as required under U.S. federal securities law.

Blink Investor Relations Contact
Vitalie Stelea
[email protected]
305-521-0200 ext. 446

Blink Media Contact
Felicitas Massa
[email protected]
305-521-0200 ext. 266

Source: Blink Charging Co.

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