Blink Charging Co (NASDAQ:BLNK) reported financial results for the fourth quarter after the market close on Thursday. Here’s a rundown of the report.
- Blink Charging stock is showing notable weakness. Why is BLNK stock falling?
Blink Q4 Highlights
Blink reported fourth-quarter revenue of $27.04 million, missing analyst estimates of $28.56 million. The company reported an adjusted loss of 11 cents per share, in line with analyst estimates, according to Benzinga Pro.
Product revenue totaled $11 million in the quarter, down from $17.2 million in the comparable quarter. Meanwhile, services revenue increased 62% year-over-year to $14.7 million. Other revenue came in at $1.3 million, down from $1.8 million.
Blink ended the quarter with $39.6 million in total cash, cash equivalents and marketable securities. The company noted that it has reduced cash burn by 85% since the first quarter to approximately $2 million per quarter.
“2025 was defined by our disciplined execution and strengthening the core of our business. We streamlined operations and our cost structure, improved margins and grew repeatable and recurring service revenue, putting Blink on a resilient and scalable path,” said Mike Battaglia, president and CEO of Blink Charging.
“Blink is now operating as a faster, leaner organization with a durable long-term direction, and we will continue executing with that same focus as we expand our owner-operated DC fast charging network in the most lucrative markets.”
Blink expects full-year 2026 revenue to be in the range of $105 million to $115 million, with gross margins of approximately 35%. The company also anticipates “significantly reduced adjusted EBITDA losses” compared to prior periods.
Blink executives will further discuss the quarter on an earnings call scheduled for 4:30 p.m. ET.
Blink Shares Hold Steady After The Bell
BLNK Price Action: Blink shares were down 1.64% in after-hours Thursday, trading at approximately 60 cents at the time of publication, according to Benzinga Pro.
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