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Blink Charging Co. (Nasdaq: BLNK) trims 2026 outlook as Q2 loss shrinks

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Blink Charging Co. reported second-quarter 2026 results with improved profitability metrics alongside lower revenue. Total revenue was approximately $21.7 million, up 4.3% from Q1 2026 but down 24.5% from $28.7 million a year earlier, as product revenue declined year-over-year and car-sharing revenue fell following the Envoy Technologies divestiture. Service revenue grew 6.2% year-over-year to about $11.5 million.

GAAP gross profit rose to $8.4 million, with gross margin expanding to 38.9% from 16.8% in Q2 2025, helped by portfolio optimization and a shift toward higher-quality revenue. Total operating expenses dropped 57% year-over-year to $14.7 million, driving a lower net loss of $6.0 million, or $(0.04) per diluted share, versus $29.3 million, or $(0.28) per share, a year ago. Adjusted EBITDA loss improved to $(2.2) million from $(7.9) million, and cash and cash equivalents were about $34 million at June 30, 2026. The company now expects 2026 revenue of $83–$90 million, below its prior $105–$115 million outlook, but raised its GAAP gross margin target to roughly 38% and is targeting an adjusted EBITDA breakeven exit rate for year-end 2026.

Positive

  • Net loss narrowed to $6.0 million in Q2 2026 from $29.3 million a year earlier, a $23.3 million improvement driven by higher gross margins and sharply lower operating expenses.
  • GAAP gross margin expanded to 38.9% from 16.8% in Q2 2025, with gross profit increasing to $8.4 million from $4.8 million on portfolio optimization and a stronger revenue mix.
  • Total operating expenses fell to $14.7 million, a 57% year-over-year reduction from $34.4 million, including a 39% decline in compensation expenses.
  • Adjusted EBITDA loss improved to $(2.2) million in Q2 2026 from $(7.9) million in Q2 2025, a 72% year-over-year improvement.
  • Cash and cash equivalents were approximately $34.0 million at June 30, 2026, supporting continued investment in DC fast charging, energy management services, and the Blink Network.

Negative

  • Total revenue in Q2 2026 declined to $21.7 million, down 24.5% from $28.7 million in Q2 2025, reflecting lower product and car-sharing revenues.
  • 2026 revenue guidance was reduced to $83–$90 million from a prior range of $105–$115 million, as the company emphasizes revenue quality, portfolio optimization, and the Envoy Technologies divestiture.

Filing Explained

At June 30, cash was $34,004 thousand alongside $3,382 thousand of net cash used in operations during the six months then ended.

The completed-quarter filing reports Blink Charging's June 30, 2026 balance-sheet state: 143,779,491 common shares issued and outstanding, compared with 142,128,133 at December 31, 2025.

Under the supplied dilution definition, if the higher count reflects additional shares without an offsetting change in an existing holder's holdings, that holder's percentage ownership would decrease.

For liquidity context, the filing reports $3,382 thousand of net cash used in operating activities during the six months ended June 30, 2026, while cash and cash equivalents were $34,004 thousand at that date.

The next quarterly report's common-stock line item can be checked for a further change in issued-and-outstanding shares and any accompanying transaction mechanics.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q2 2026 Total Revenue $21.7 million Three months ended June 30, 2026; 4.3% sequential growth and 24.5% below $28.7 million in Q2 2025.
Q2 2026 GAAP Gross Margin 38.9% Gross profit of $8.441 million, up from $4.832 million and 16.8% margin in Q2 2025.
Q2 2026 Net Loss $6.0 million Net loss of $6.039 million, or $(0.04) per diluted share, versus $29.312 million, or $(0.28), in Q2 2025.
Q2 2026 Adjusted EBITDA $(2.2) million Adjusted EBITDA loss of $2.208 million compared with $(7.869) million in Q2 2025, a 72% improvement.
Q2 2026 Operating Expenses $14.7 million Total operating expenses of $14.666 million, down 57% from $34.394 million in the prior-year quarter.
Cash and Cash Equivalents $34.0 million Cash and cash equivalents at June 30, 2026, versus $39.568 million at December 31, 2025.
2026 Revenue Guidance $83–$90 million Updated full-year 2026 revenue outlook, reduced from prior guidance of $105–$115 million.
2026 GAAP Gross Margin Outlook 38% Raised full-year 2026 GAAP gross margin guidance to approximately 38% from about 35% previously.
Adjusted EBITDA financial
"Adjusted EBITDA is defined as Non-GAAP Net Loss adjusted to add back..."
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Non-GAAP Gross Profit financial
"Non-GAAP Gross Profit is defined as GAAP gross profit adjusted to exclude..."
Non-GAAP gross profit is a way companies measure how much money they make from selling their products or services, excluding some expenses that are usually included in standard calculations. It matters because it can give a clearer picture of the company's core earning ability, helping investors understand its performance without certain accounting adjustments.
Non-GAAP Operating Expenses financial
"Non-GAAP Operating Expenses is defined as GAAP total operating expenses adjusted to exclude..."
Non-GAAP operating expenses are the costs a company reports that exclude certain items typically considered unusual or non-recurring, such as restructuring charges or asset write-downs. They are used to give investors a clearer view of the company's regular, ongoing expenses by filtering out one-time or non-core costs, helping them better assess the company's true operational performance.
earn-out liabilities financial
"Change in fair value of consideration payable and earn-out liabilities"
Earn-out liabilities are future payments a buyer agrees to make to a seller after an acquisition if the acquired business hits specific financial or operational targets. They matter to investors because they shift risk and potential future cash outflows onto the buyer—like promising a bonus if a project meets goals—affecting a company’s reported debt, cash forecasts and the true price paid for the asset.
deferred revenue financial
"Current portion of deferred revenue and deferred revenue, non-current portion"
Cash a company has already received for goods or services it has promised but not yet delivered; it's recorded as a liability because the company still owes that product, service, or future revenue recognition. For investors, deferred revenue signals upcoming work or deliveries that will convert into reported sales over time and affects short-term obligations, cash flow quality, and how quickly a firm can grow recognized revenue—think of it like prepaid subscriptions or gift cards a business must honor later.
car-sharing revenues financial
"Car-sharing revenues have been divested after the sale of Envoy Technologies"
Total revenue $21.7 million 4.3% sequential growth from $20.8 million and down 24.5% from $28.7 million in Q2 2025.
GAAP net loss $6.0 million Improved from a $29.3 million net loss in the second quarter of 2025.
GAAP gross margin 38.9% Up from 16.8% in Q2 2025 as gross profit increased to $8.4 million from $4.8 million.
Adjusted EBITDA $(2.2) million Improved from $(7.9) million in Q2 2025, a 72% year-over-year improvement.
Guidance

Updated full-year 2026 revenue guidance to $83–$90 million from $105–$115 million, raised GAAP gross margin outlook to approximately 38%, and targets exiting 2026 at approximately adjusted EBITDA breakeven.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

false 0001429764 0001429764 2026-08-06 2026-08-06 0001429764 dei:FormerAddressMember 2026-08-06 2026-08-06 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 6, 2026

 

BLINK CHARGING CO.
(Exact name of registrant as specified in its charter)

 

Nevada   001-38392   03-0608147

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

1489 West Warm Springs Rd. Suite 110

Henderson, Nevada

   89014
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (305) 521-0200

 

17301 Melford Blvd, Bowie, Maryland, 20715
(Former name or former address, if changed since last report.)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common Stock   BLNK   The Nasdaq Stock Market LLC

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
  ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
  ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
  ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

CURRENT REPORT ON FORM 8-K

 

Blink Charging Co.

 

August 6, 2026

 

Item 2.02. Results of Operations and Financial Condition.

 

Blink Charging Co. (Nasdaq: BLNK) (the “Company”), a leading owner and operator of electric vehicle (EV) charging equipment and services, today announced its financial results for the second quarter ended June 30, 2026.

 

A copy of the press release is furnished with this report as Exhibit 99.1. Such information, including the Exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(a) Exhibits. The exhibit listed in the following Exhibit Index is filed as part of this current report.

 

Exhibit No.   Description
     
99.1   Press Release issued by Blink Charging Co. on August 6, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  BLINK CHARGING CO.
   
Dated: August 6, 2026 By:

/s/ Michael Bercovich

  Name: Michael Bercovich
  Title: Chief Financial Officer

 

 

 

 

 

Exhibit 99.1

 

 

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. – August 6, 2026 – 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:

 

  

Three Months Ended

(Sequential)

 

Three Months Ended

(YoY)

   June 30, 2026   March 31, 2026   % Change  

June 30,

2026

  

June 30,

2025

   % Change 
Product Revenues  $7,439   $6,194    20.1%  $7,439   $14,509    (48.7)%
Service Revenues(1)   11,484    12,230    (6.1)%   11,484    10,809    6.2%
Other Revenues(2)   1,928    1,236    56.0%   1,928    2,276    (15.3)%
Car-Sharing Revenues(3)   823    1,119    (26.5)%   823    1,111    (25.9)%
Total Revenues  $21,674   $20,779    4.3%  $21,674   $28,705    (24.5)%

 

(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.

 

###

 

 

 

 

BLINK CHARGING CO.

 

Condensed Consolidated Statements of Operations

(in thousands, except for share and per share amounts)

(unaudited)

 

   For The Three Months Ended   For The Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
                 
Revenues:                    
Product revenue  $7,439   $14,509   $13,633   $22,889 
Service revenue   11,484    10,809    23,714    20,315 
Other revenue   1,928    2,276    3,164    3,933 
Car-sharing revenue   823    1,111    1,942    2,286 
Total Revenues   21,674    28,705    42,453    49,423 
                     
Cost of Revenues:                    
Cost of product revenue   4,948    14,074    8,671    19,622 
Cost of service revenue   5,823    6,222    13,202    11,503 
Costs of other revenue   766    1,302    1,575    2,142 
Cost of car-sharing revenue   598    1,067    1,632    1,752 
Depreciation and amortization   1,098    1,208    2,293    2,503 
Total Cost of Revenues   13,233    23,873    27,373    37,522 
Gross Profit   8,441    4,832    15,080    11,901 
                     
Operating Expenses:                    
Compensation   8,352    13,767    18,515    27,321 
General and administrative expenses   1,750    10,686    5,302    17,899 
Other operating expenses   4,122    6,725    7,755    12,074 
Depreciation and amortization   1,715    1,432    2,782    3,087 
Change in fair value of consideration payable and earn-out liabilities   (1,273)   1,784    (1,273)   2,463 
Total Operating Expenses   14,666    34,394    33,081    62,844 
Loss From Operations   (6,225)   (29,562)   (18,001)   (50,943)
                     
Other Income (Expense):                    
Other income, net   250    345    492    746 
Total Other Income, Net   250    345    492    746 
Loss Before Income Taxes  $(5,975)  $(29,217)  $(17,509)  $(50,197)
Provision for income taxes   (64)   (95)   (93)   (123)
                     
Net Loss  $(6,039)  $(29,312)  $(17,602)  $(50,320)
                     
Net Loss Per Share:                    
Basic  $(0.04)  $(0.28)  $(0.12)  $(0.49)
Diluted  $(0.04)  $(0.28)  $(0.12)  $(0.49)
                     
Weighted Average Number of Common Shares Outstanding:                    
Basic   144,260,561    102,899,705    143,713,633    102,684,303 
Diluted   144,260,561    102,899,705    143,713,633    102,684,303 

 

 

 

 

BLINK CHARGING CO.

 

Condensed Consolidated Balance Sheets

(in thousands, except for share amounts)

 

   June 30,   December 31, 
   2026   2025 
Assets          
Current Assets:          
Cash and cash equivalents  $34,004   $39,568 
Accounts receivable, net   18,923    29,532 
Inventory, net   11,287    14,153 
Prepaid expenses and other current assets   6,856    6,065 
Total Current Assets   71,070    89,318 
Restricted cash   619    89 
Property and equipment, net   40,649    42,691 
Operating lease right-of-use assets   2,781    6,331 
Intangible assets, net   4,765    6,634 
Goodwill   1,742    1,742 
Other assets   711    648 
           
Total Assets  $122,337   $147,453 
           
Liabilities and Stockholders’ Equity          
Current Liabilities:          
Accounts payable, accrued expenses and other current liabilities  $45,960   $47,242 
Current portion of earn-out liabilities   713    1,005 
Notes payable   265    265 
Current portion of operating lease liabilities   1,305    2,781 
Current portion of financing lease liabilities   -    42 
Current portion of deferred revenue   12,563    12,137 
Total Current Liabilities   60,806    63,472 
Earn-out liabilities, non-current portion   -    981 
Operating lease liabilities, non-current portion   2,899    4,804 
Financing lease liabilities, non-current portion   -    64 
Deferred revenue, non-current portion   2,556    5,145 
Other liabilities   8,283    8,497 
           
Total Liabilities   74,544    82,963 
           
Stockholders’ Equity:          
           
Preferred stock, $0.001 par value, 40,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025   -    - 
Common stock, $0.001 par value, 500,000,000 shares authorized, 143,779,491 and 142,128,133 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively   144    142 
Additional paid-in capital   897,525    895,505 
Accumulated other comprehensive loss   (9,848)   (8,731)
Accumulated deficit   (840,028)   (822,426)
           
Total Stockholders’ Equity   47,793    64,490 
           
Total Liabilities and Stockholders’ Equity  $122,337   $147,453 

 

 

 

 

BLINK CHARGING CO. AND SUBSIDIARIES

 

Consolidated Statements of Cash Flows

(In thousands)

(unaudited)

 

   For the Six Months Ended 
   June 30, 
   2026   2025 
Cash Flows From Operating Activities:          
Net loss  $(17,602)  $(50,320)
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation and amortization   5,075    5,590 
Non-cash lease expense   1,582    2,254 
Change in fair value of derivative and other accrued liabilities   -    (7)
Provision for credit losses   451    306 
Loss on disposal of property and equipment   734    5,762 
Gain on sale of Envoy Technologies Inc.   (802)   - 
Non-cash gain on lease termination   (309)   - 
Provision for slow moving and obsolete inventory   -    4,571 
Change in fair value of consideration payable and earn-out liabilities   (1,273)   2,463 
Stock-based compensation   2,022    1,753 
Changes in operating assets and liabilities:          
Accounts receivable   9,203    9,447 
Inventory   710    (369)
Prepaid expenses and other current assets   (530)   (1,251)
Other assets   (154)   (25)
Accounts payable, accrued expenses, and other current liabilities   576    (7,877)
Other liabilities   (126)   (400)
Operating lease liabilities   (1,631)   (1,794)
Deferred revenue   (1,308)   1,356 
           
Total Adjustments   14,220    21,779 
           
Net Cash Used In Operating Activities   (3,382)   (28,541)
           
Cash Flows From Investing Activities:          
Proceeds from sale of marketable securities   -    13,630 
Proceeds from sale of equity method investment   -    223 
Cash disposed of in sale of Envoy Technologies Inc.   (485)   - 
Proceeds from government grants   852    - 
Capitalization of engineering costs   (29)   (205)
Purchases of property and equipment   (954)   (3,542)
           
Net Cash (Used In) Provided By Investing Activities   (616)   10,106 
           
Cash Flows From Financing Activities:          
Proceeds from sale of common stock in public offering [1]   -    891 
Repayment of financing liability   (63)   (17)
           
Net Cash (Used In) Provided By Financing Activities   (63)   874 
           
Effect of Exchange Rate Changes on Cash and Cash Equivalents and Restricted Cash   (973)   1,111 
           
Net (Decrease) Increase In Cash and Cash Equivalents and Restricted Cash   (5,034)   (16,450)
           
Cash and Cash Equivalents and Restricted Cash - Beginning of Period   39,657    41,852 
           
Cash and Cash Equivalents and Restricted Cash - End of Period  $34,623   $25,402 
           
Cash and cash equivalents and restricted cash consisted of the following:          
Cash and cash equivalents  $34,004   $25,318 
Restricted cash   619    84 
   $34,623   $25,402 

 

 

 

 

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:

 

   For the Three Months Ended   For the Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Net Loss  $(6,039)  $(29,312)  $(17,602)  $(50,320)
Add:                    
Stock-based compensation   767    803    2,604    1,707 
Non-recurring or non-cash charges   863    15,808    2,760    17,838 
Change in fair value related to consideration payable   (1,273)   1,784    (1,273)   2,463 
Non-GAAP Net Loss  $(5,682)  $(10,918)  $(13,510)  $(28,311)
                     
Add:                    
Provisions for Income Tax   64    95    93    123 
Interest Expense   (250)   (345)   (492)   (746)
Depreciation and Amortization   3,660    3,298    6,654    6,790 
Adjusted EBITDA  $(2,208)  $(7,869)  $(7,255)  $(22,144)

 

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

 

   For the Three Months Ended   For the Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Net Loss per Share (EPS)  $(0.04)  $(0.28)  $(0.12)  $(0.49)
Add:                    
Stock-based compensation   0.00    0.00    0.02    0.02 
Non-recurring or non-cash charges   0.01    0.15    0.02    0.17 
Change in fair value related to consideration payable   (0.01)   0.02    (0.01)   0.02 
Non-GAAP Net Loss per Share  $(0.04)  $(0.11)  $(0.09)  $(0.28)
                     
Add:                    
Provisions for Income Tax   0.00    0.00    0.00    0.00 
Interest Expense   (0.01)   (0.00)   (0.00)   (0.01)
Depreciation and Amortization   0.03    0.03    0.04    0.07 
Adjusted Loss per Share (Adj. EPS)  $(0.02)  $(0.08)  $(0.05)  $(0.22)

 

 

 

 

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

 

   For the Three Months Ended 
   June 30, 
   2026   2025 
Reconciliation of GAAP gross profit and margin to non-GAAP gross profit and margin                    
GAAP Margin  $8,441    38.9%  $4,832    16.8%
Non-recurring or non-cash charges   -         6,427      
Depreciation   1,945         1,866      
Non-GAAP Margin  $10,387    47.9%  $13,126    45.7%
                     
Reconciliation of GAAP operating expenses to non-GAAP operating expenses                    
GAAP Operating Expenses  $14,666    67.7%  $34,394    119.8%
Share Based Comp   (767)        (803)     
Depreciation and Amortization   (1,715)        (1,432)     
Non-recurring or non-cash charges   (863)        (9,329)     
Other Adjustments   1,273         (1,784)     
Non-GAAP Operating Expenses  $12,595    58.1%  $21,047    73.3%

 

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

IR@BlinkCharging.com

305-521-0200 ext. 446

 

Blink Media Contact

 

Felicitas Massa

PR@BlinkCharging.com

305-521-0200 ext. 266

 

 

 

 

Source: View Original Filing on SEC EDGAR

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