EV charging gear maker Blink Charging Q2 revenue beats estimates

Blink Charging

18/08/2025 21:13

Overview

Blink Q2 2025 revenue grows 38% sequentially, beating analyst expectations

Adjusted EPS for Q2 misses estimates, reflecting non-cash charges impact

Outlook

Blink expects continued sequential revenue growth in H2 2025

Company anticipates growth in repeatable charging revenue due to rising energy prices

Result Drivers

PRODUCT DEMAND - Sequential product revenue growth of 73% driven by demand for DC fast chargers and L2 Series chargers

SERVICE UTILIZATION - Service revenues increased 11% sequentially due to greater utilization and more chargers on the network

COST REDUCTION - Reduced compensation expenses by 22% year-over-year, eliminating $8 mln in annualized expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$28.70 mln
$22.10 mln (4 Analysts)
Q2 Adjusted EPS
Miss
-$0.26
-$0.18 (4 Analysts)
Q2 EPS
-$0.31
Q2 Net Income
-$32 mln
Q2 Adjusted EBITDA
Miss
-$24.50 mln
-$10.80 mln (4 Analysts)
Q2 Gross Profit
$2.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for Blink Charging Co is $2.50, about 62.4% above its August 15 closing price of $0.94

Press Release: ID:nGNX7JlgZr

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)