Blink Charging reports narrower Q1 adjusted loss than expected

Blink Charging Co

11/05/2026 21:42

Overview

U.S. EV charging provider's Q1 revenue was flat yr/yr, missing analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company's adjusted EBITDA loss narrowed, beating analyst estimates

Outlook

Company maintains 2026 revenue guidance of $105 mln to $115 mln

Company continues to anticipate 2026 GAAP gross margins of about 35%

Blink says it will continue investing in owner-operated DC fast charging and recurring service revenue

Result Drivers

SERVICE REVENUE GROWTH - Q1 service revenue rose 25% yr/yr, driven by increased charging service usage and recurring network fees

PRODUCT REVENUE DECLINE - Product revenue fell 26% yr/yr as co continued strategic shift away from transactional and non-strategic sales

COST CONTROLS - Operating expenses dropped 35% yr/yr, mainly due to lower compensation and administrative costs after cost reset initiatives

Company press release: ID:nGNXSD3jT

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$20.80 mln
$21.66 mln (3 Analysts)
Q1 Adjusted EPS
Beat
-$0.06
-$0.10 (4 Analysts)
Q1 EPS
-$0.08
Q1 Net Income
-$11.60 mln
Q1 Adjusted EBITDA
Beat
-$5.10 mln
-$9.55 mln (3 Analysts)
Q1 Gross Profit
$6.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "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 $1.50, about 77.5% above its May 8 closing price of $0.85

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)