Blink Charging Q1 net loss narrows 45% to $11.6M; service revenue up 25% to $13.3M

Blink Charging Co.

• Net loss of $11.6M ($0.08/sh) vs $21.0M ($0.21/sh) in Q1 2025; adjusted EBITDA loss improved 65% to $(5.1)M.
• Service revenue grew 25% YoY to $13.3M, now 64% of total revenue; total revenue flat at $20.8M.
• GAAP gross margin 32.0%; non-GAAP gross margin 42.4%, up 213 bps YoY.
• Cash from operations turned positive at $0.7M vs $(13.0)M used a year ago; cash $38.0M, no debt.
• Reiterated FY2026 guidance: revenue $105-$115M, GAAP gross margin ~35%.

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