Earnings Releases·Nov 5, 2026, 4:03 PM ET

Blink Charging — Third Quarter 2026 Earnings Summary

Total revenue declined 15.1% sequentially to $18.4 million and 32.0% year-over-year to $18.4 million, driven by a 50.8% drop in product revenue and the non-renewal of a large European contract; however, the company achieved its first-ever positive adjusted EBITDA of $0.2 million.
Full-year 2026 revenue guidance was lowered to $78 million–$81 million (from $83 million–$90 million), while gross margin is expected to be approximately 38% excluding non-cash inventory adjustments, with positive adjusted EBITDA anticipated through Q4 2026.
Strategic progress includes a transition to contract manufacturing, a shift toward recurring revenue streams comprising 55% of total revenue, and the divestiture of Envoy Technologies, which eliminated car-sharing revenue but generated an $802,000 gain.
Management announced governance changes with Mike Battaglia appointed Chairman and Ritsaart van Montfrans named Lead Independent Director, while the company maintains a cash position of $30.5 million with no debt.