Blink Charging Reports Q1 Revenue of $20.8M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2026
0mins
Reports Q1 revenue $20.8M, consensus $21.7M. Mike Battaglia, President and CEO of Blink Charging, commented, "Q1 reinforces that Blink is executing against our plan. We raised capital in 2025 and are investing with discipline into areas representing a strong line of sight to long-term value creation, especially within our owner-operated DC fast charging footprint. We are focused on achieving profitability as we build durable infrastructure, improve utilization over time, and continue the shift toward more repeatable, recurring, and higher-quality revenue."
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About BLNK
Blink Charging Co., through its wholly owned subsidiaries, is a manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and networked EV charging services. It offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types. Its principal line of products and services is its nationwide Blink EV charging networks (the Blink Networks) and Blink EV charging equipment, also known as electric vehicle supply equipment (EVSE), and other EV-related services. The Blink Networks is a proprietary, cloud-based system that operates, maintains and manages Blink charging stations and handles the associated charging data, back-end operations and payment processing. The Blink Networks provide property owners, managers, parking companies, state and municipal entities, and other types of commercial customers with cloud-based services that enable the remote monitoring and management of EV charging stations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Plug Power and Blink Q1 Earnings Show Significant Improvement
- Plug Power Revenue Growth: Plug Power reported $163.5 million in revenue for Q1 2026, a 22% year-over-year increase driven by growth in material handling and electrolyzer businesses, surpassing analysts' expectations of $139.76 million, indicating strong market performance.
- Significant Margin Improvement: The company's gross margin improved by 71% year-over-year, attributed to cost reductions, better service execution, and enhanced fuel sourcing efficiency, with the CEO stating that these measures will continue to drive profitability, aiming for positive EBITDA by Q4 2026.
- Blink Charging Business Transformation: Blink Charging's Q1 revenue was $20.8 million, with service revenue rising 25% to $13.3 million year-over-year, indicating a strategic shift towards more stable service revenue despite missing overall revenue estimates, showcasing the effectiveness of its business strategy.
- Market Sentiment Shift: Following the earnings releases, both Plug Power and Blink stocks saw increases, with Plug Power rising over 6% in after-hours trading and Blink up over 2%, reflecting investor optimism regarding the improved financial conditions of both companies.
See More
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- Stable Revenue Performance: Blink Charging reported Q1 2026 revenue of $20.8 million, essentially flat year-over-year, despite analyst expectations of $21.7 million, indicating the company's resilience in the market.
- Significant Service Revenue Growth: The company's recurring and repeatable service revenues grew by 25% year-over-year to $13.3 million, highlighting strong growth in its service business that will support future revenue mix transformation.
- Accelerated Expansion Plans: Blink plans to build 27 charging stations encompassing 136 stalls, with 3 sites already under construction, and expects most to be operational by year-end, enhancing its competitive position in the market.
- Enhanced Financial Flexibility: The company reported positive cash flow in Q1 and has $38 million on the balance sheet with no debt, providing flexibility for investments in fast charging infrastructure, supporting its long-term growth strategy.
See More
Blink Charging Reports Q1 2026 Financial Highlights
- Service Revenue Growth: Blink Charging's service revenue increased by 25% year-over-year to $13.3 million in Q1 2026, demonstrating the company's strong performance in generating repeatable and sustainable revenue sources, thereby solidifying its position in the EV charging market.
- Significant Operating Expense Reduction: Operating expenses decreased by 35% year-over-year to $18.4 million in Q1, primarily due to the structural cost reset implemented in 2025, which has improved the overall financial health of the company.
- Narrowed Net Loss: The net loss for Q1 2026 was $11.6 million, a 45% reduction from $21.0 million in Q1 2025, reflecting the company's ongoing improvements in profitability and enhancing investor confidence.
- Cash Flow Improvement: The net cash provided by operating activities was approximately $0.7 million in Q1 2026, representing an improvement of $13.7 million compared to the net cash used in operating activities of approximately $13.0 million in Q1 2025, indicating significant progress in cash management and operational efficiency.
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Blink Charging to Announce Q1 Earnings on May 11
- Earnings Announcement Date: Blink Charging (BLNK) is set to release its Q1 2023 earnings on May 11 after market close, with a consensus EPS estimate of -$0.09, reflecting a 50% year-over-year improvement.
- Revenue Expectations: Analysts project Blink Charging's revenue to reach $21.7 million, representing a 4.6% year-over-year increase, indicating sustained demand in the electric vehicle charging sector.
- Historical Performance Review: Over the past two years, Blink Charging has beaten EPS estimates 50% of the time and revenue estimates 25% of the time, highlighting some uncertainty in the company's financial performance.
- Future Outlook: Blink Charging targets revenue between $105 million and $150 million in 2026, as the mix of service revenue accelerates, demonstrating the company's confidence and strategic positioning for future market growth.
See More
Blink Partners with VASA Fitness for Free Charging Promotion
- Free Charging Event: Blink Charging is launching a two-hour free charging promotion at VASA Fitness in Lafayette on Earth Day, April 22, from 12 PM to 2 PM, aimed at attracting more EV users and enhancing brand visibility.
- Charging Credit Incentive: From April 22 to 29, EV drivers can receive a $5 charging credit by submitting a review on Plugshare, which not only encourages user feedback but may also enhance customer loyalty.
- High-Power Charging Infrastructure: The newly installed DC fast charging station boasts a total capacity of 600kW, with peak power of 360kW per stall, supporting both CCS and NACS connectors, significantly improving charging efficiency to meet the growing demand in the EV market.
- Strategic Partnership Significance: This collaboration with VASA Fitness showcases Blink's leadership in EV charging infrastructure while solidifying its market share in sustainable transportation by providing convenient charging services.
See More
Blink Charging Offers 50% Off Fast Charging for Earth Day Celebration
- Earth Day Promotion: Blink Charging collaborates with Brookhaven Market to launch a special Earth Day event at its new charging station in Darien, Illinois, offering two hours of half-priced charging to attract more EV users.
- Charging Facility Upgrade: The newly deployed high-powered DC fast charging site features six chargers (12 ports) with up to 180kW per stall, supporting both CCS and NACS connectors, significantly enhancing charging efficiency to meet the growing demand for electric vehicles.
- Community Support and Collaboration: Mayor Joe Marchese of Darien emphasizes that this project reflects the community's commitment to environmental responsibility and sustainable growth, further advancing the development of EV infrastructure and improving residents' quality of life.
- Long-term Growth Potential: Blink's Senior Director of Sales, Jennifer Keyes, notes that this collaboration not only showcases the value of high-power fast charging sites but also presents opportunities for future growth and value creation, enhancing charging convenience in the region.
See More
Plug Power and Blink Q1 Earnings Show Significant Improvement
- Plug Power Revenue Growth: Plug Power reported $163.5 million in revenue for Q1 2026, a 22% year-over-year increase driven by growth in material handling and electrolyzer businesses, surpassing analysts' expectations of $139.76 million, indicating strong market performance.
- Significant Margin Improvement: The company's gross margin improved by 71% year-over-year, attributed to cost reductions, better service execution, and enhanced fuel sourcing efficiency, with the CEO stating that these measures will continue to drive profitability, aiming for positive EBITDA by Q4 2026.
- Blink Charging Business Transformation: Blink Charging's Q1 revenue was $20.8 million, with service revenue rising 25% to $13.3 million year-over-year, indicating a strategic shift towards more stable service revenue despite missing overall revenue estimates, showcasing the effectiveness of its business strategy.
- Market Sentiment Shift: Following the earnings releases, both Plug Power and Blink stocks saw increases, with Plug Power rising over 6% in after-hours trading and Blink up over 2%, reflecting investor optimism regarding the improved financial conditions of both companies.
See More
Blink Charging Co. Q1 2026 Earnings Call Insights
- Stable Revenue Performance: Blink Charging reported Q1 2026 revenue of $20.8 million, essentially flat year-over-year, despite analyst expectations of $21.7 million, indicating the company's resilience in the market.
- Significant Service Revenue Growth: The company's recurring and repeatable service revenues grew by 25% year-over-year to $13.3 million, highlighting strong growth in its service business that will support future revenue mix transformation.
- Accelerated Expansion Plans: Blink plans to build 27 charging stations encompassing 136 stalls, with 3 sites already under construction, and expects most to be operational by year-end, enhancing its competitive position in the market.
- Enhanced Financial Flexibility: The company reported positive cash flow in Q1 and has $38 million on the balance sheet with no debt, providing flexibility for investments in fast charging infrastructure, supporting its long-term growth strategy.
See More
Blink Charging Reports Q1 2026 Financial Highlights
- Service Revenue Growth: Blink Charging's service revenue increased by 25% year-over-year to $13.3 million in Q1 2026, demonstrating the company's strong performance in generating repeatable and sustainable revenue sources, thereby solidifying its position in the EV charging market.
- Significant Operating Expense Reduction: Operating expenses decreased by 35% year-over-year to $18.4 million in Q1, primarily due to the structural cost reset implemented in 2025, which has improved the overall financial health of the company.
- Narrowed Net Loss: The net loss for Q1 2026 was $11.6 million, a 45% reduction from $21.0 million in Q1 2025, reflecting the company's ongoing improvements in profitability and enhancing investor confidence.
- Cash Flow Improvement: The net cash provided by operating activities was approximately $0.7 million in Q1 2026, representing an improvement of $13.7 million compared to the net cash used in operating activities of approximately $13.0 million in Q1 2025, indicating significant progress in cash management and operational efficiency.
See More
Blink Charging to Announce Q1 Earnings on May 11
- Earnings Announcement Date: Blink Charging (BLNK) is set to release its Q1 2023 earnings on May 11 after market close, with a consensus EPS estimate of -$0.09, reflecting a 50% year-over-year improvement.
- Revenue Expectations: Analysts project Blink Charging's revenue to reach $21.7 million, representing a 4.6% year-over-year increase, indicating sustained demand in the electric vehicle charging sector.
- Historical Performance Review: Over the past two years, Blink Charging has beaten EPS estimates 50% of the time and revenue estimates 25% of the time, highlighting some uncertainty in the company's financial performance.
- Future Outlook: Blink Charging targets revenue between $105 million and $150 million in 2026, as the mix of service revenue accelerates, demonstrating the company's confidence and strategic positioning for future market growth.
See More
Blink Partners with VASA Fitness for Free Charging Promotion
- Free Charging Event: Blink Charging is launching a two-hour free charging promotion at VASA Fitness in Lafayette on Earth Day, April 22, from 12 PM to 2 PM, aimed at attracting more EV users and enhancing brand visibility.
- Charging Credit Incentive: From April 22 to 29, EV drivers can receive a $5 charging credit by submitting a review on Plugshare, which not only encourages user feedback but may also enhance customer loyalty.
- High-Power Charging Infrastructure: The newly installed DC fast charging station boasts a total capacity of 600kW, with peak power of 360kW per stall, supporting both CCS and NACS connectors, significantly improving charging efficiency to meet the growing demand in the EV market.
- Strategic Partnership Significance: This collaboration with VASA Fitness showcases Blink's leadership in EV charging infrastructure while solidifying its market share in sustainable transportation by providing convenient charging services.
See More
Blink Charging Offers 50% Off Fast Charging for Earth Day Celebration
- Earth Day Promotion: Blink Charging collaborates with Brookhaven Market to launch a special Earth Day event at its new charging station in Darien, Illinois, offering two hours of half-priced charging to attract more EV users.
- Charging Facility Upgrade: The newly deployed high-powered DC fast charging site features six chargers (12 ports) with up to 180kW per stall, supporting both CCS and NACS connectors, significantly enhancing charging efficiency to meet the growing demand for electric vehicles.
- Community Support and Collaboration: Mayor Joe Marchese of Darien emphasizes that this project reflects the community's commitment to environmental responsibility and sustainable growth, further advancing the development of EV infrastructure and improving residents' quality of life.
- Long-term Growth Potential: Blink's Senior Director of Sales, Jennifer Keyes, notes that this collaboration not only showcases the value of high-power fast charging sites but also presents opportunities for future growth and value creation, enhancing charging convenience in the region.
See More
