Blink Charging's Q4 losses exceeded expectations, and revenue fell short of forecasts.

LootboxPhobia · 2026-03-27T05:28:09+00:00

Blink Charging Co. announced fourth-quarter revenue of $27 million, below expectations and down 3.5% year-over-year. Despite a 62% increase in service revenue, product revenue declined by 36%, and the company continued to incur losses. The CEO stated that they will strengthen core operations, expecting moderate revenue growth in fiscal year 2026, with a significant reduction in adjusted EBITDA losses.

LootboxPhobia

2026-03-27 05:28:09

Abstract generation in progress

Bowling Green, Maryland - Blink Charging Co. (NASDAQ:BLNK) announced fourth-quarter revenue of $27 million, missing analyst expectations. Despite operational improvements, the electric vehicle charging company continues to incur losses. After a 9.4% drop at Thursday’s close, the company’s stock fell another 1.6% in after-hours trading.

Fourth-quarter revenue decreased 3.5% year-over-year, from $28 million in the same period last year to $27 million, below Wall Street expectations. Total revenue for the fiscal year 2025 is projected to be $103.5 million, down 16.5% from $124 million in 2024. The company reported an adjusted loss per share of -$0.11 for the quarter, compared to an adjusted loss of -$0.17 in the same period last year.

Service revenue (including charging services and network fees) grew 62% year-over-year to $14.7 million, accounting for 54% of total revenue for the quarter, up from 32% in the same period last year. However, as the company shifted to a contract manufacturing model, product revenue fell 36% to $11 million.

CEO Mike Battaglia stated, “2025 is characterized by our strict execution of strategy and strengthening of our core business. We have streamlined our operations and cost structure, improved margins, and increased recurring and predictable service revenue, putting Blink on a path that is resilient and scalable.”

The company’s fourth-quarter operating expenses decreased 54% to $37 million, but included $18.7 million in goodwill and intangible asset impairments. Adjusted EBITDA losses improved from -$14.8 million in the same period last year to -$10.3 million.

For the fiscal year 2026, Blink expects revenue to be between $105 million and $115 million, with a gross margin of approximately 35%. The midpoint of $110 million represents modest growth compared to 2025 levels. The company expects adjusted EBITDA losses to decrease significantly.

Following the completion of a $20 million equity financing in December 2025, Blink ended the year with $39.5 million in cash and no debt.

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