Q2 2026 Blink Charging Co Earnings Call Transcript
Key Points
- Blink Charging Co (BLNK) narrowed its adjusted EBITDA loss by 72% year-over-year to $2.2 million in Q2 2026, moving decisively toward its goal of exiting 2026 at approximately breakeven.
- GAAP gross margin expanded significantly to 38.9% in Q2 2026, up from 16.8% in the prior year period, driven by disciplined portfolio optimization and an improved revenue mix.
- Service revenue, which includes repeatable charging revenues and recurring network fees, grew 6.2% year-over-year to $11.5 million, highlighting the growth engine of the business.
- Total operating expenses were reduced by 57% year-over-year to $14.7 million, reflecting the successful execution of the Blink Forward transformation initiative and structural cost realignment.
- The company is launching Energy Connect, an AI-driven energy management platform, which is expected to drive future OpEx and CapEx savings and position Blink as a broader energy company.
- Net cash burn for the first six months of 2026 improved significantly to approximately $5.6 million, compared to $30.1 million in the same period last year, strengthening the balance sheet.
- Blink Charging Co (BLNK) is targeting to exit 2026 at approximately break-even profitability and expects to return to revenue growth with positive full-year adjusted EBITDA in 2027.
- Total revenue declined to $21.7 million in Q2 2026, down from $28.7 million in Q2 2025, partly due to the divestiture of Envoy Technologies and deliberate decisions to walk away from unprofitable contracts.
- Product revenues decreased significantly to $7.4 million in Q2 2026, compared to $14.5 million in the prior year period, reflecting a strategic focus on higher-margin opportunities over top-line growth.
- The company revised its full-year 2026 revenue guidance downward to between $83 million and $90 million, from a previous range of $105 million to $115 million.
- Car sharing revenues decreased by 25.9% year-over-year to $0.8 million, primarily attributable to the strategic divestiture of Envoy Technologies.
- The company expects its cash burn to increase as it scales its DC fast charging infrastructure, which could pressure liquidity in the near term.
- Blink Charging Co (BLNK) continues to operate at a net loss, reporting a GAAP net loss of $6 million for Q2 2026, although this is a significant improvement from the $29.3 million loss in the prior year period.
Good afternoon, ladies and gentlemen, and welcome to the Blink Charging Company second-quarter 2026 earnings call. (Operator Instructions) At this time, it is my pleasure to turn the call over to Vitalie Stelea.
Thank you, operator, and welcome to Blink's second-quarter 2026 earnings call. With us today, we have Mike Battaglia, President and CEO, and Michael Berkovich, Chief Financial Officer. Today's discussions will include references to non-GAAP measures. These are reconciled to the most comparable U.S. GAAP numbers in the appendix of our earnings deck.
You may find the deck, along with the rest of our earnings materials and other important content on Blink's Investor Relations website. Today's discussions may also include forward-looking statements about our expectations.
Actual results may differ from those stated, and the most significant factors that could cause results to differ are included on page 2 of the second quarter 2026 earnings debt. Unless otherwise
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