AI Earnings Predictions for Blink Charging Co. (BLNK)

EX-99.1

2 ex99-1.htm

EX-99.1

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,

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