earnings
confidence high
sentiment negative
materiality 0.75
Blink Charging Q2 net loss $6M, revenue $21.7M (-24.5% YoY); cuts FY26 revenue guidance to $83-90M
Blink Charging Co.
- Net loss $6.0M ($0.04 diluted) vs $29.3M loss YoY; adjusted EBITDA loss $(2.2)M, improved 72% YoY.
- Revenue $21.7M, down 24.5% YoY but up 4.3% sequentially; product revenue $7.4M (+20.1% seq), service revenue $11.5M (+6.2% YoY).
- GAAP gross margin expanded to 38.9% from 16.8% YoY; non-GAAP adjusted gross margin 47.9%.
- Sold Envoy Technologies on June 5, 2026; car-sharing revenue down 25.9% YoY due to divestiture.
- FY2026 revenue guidance cut to $83-90M from $105-115M; GAAP gross margin outlook raised to ~38% from ~35%; targeting adjusted EBITDA breakeven by year-end.