Blink Charging 2025 Q2 Earnings Wider Losses Amid Revenue Drop

Blink Charging (BLNK) reported its fiscal 2025 Q2 earnings on August 18, 2025. The company fell short of expectations, with both revenue and losses worsening year-over-year. Earnings guidance was not provided, and the results marked a 59.3% increase in net loss compared to the prior year, indicating a challenging quarter.

Revenue
Total revenue for the second quarter declined by 13.8% to $28.67 million, compared to $33.26 million in the same period a year earlier. Product sales were the largest contributor at $14.51 million, driven by strong demand for DC fast chargers and Level 2 units. Charging service revenue stood at $7.69 million, while network fees generated $2.95 million. Additional revenue streams included warranty income of $1.58 million, grant and rebate revenue of $32,000, and car-sharing services contributing $1.11 million. Other sources added $789,000 to the total. Notably, host provider fees and depreciation and amortization remained unchanged at $0.

Earnings/Net Income
Blink Charging’s losses widened significantly during the quarter, with net income dropping to a loss of $31.96 million in Q2 2025 from $20.06 million in Q2 2024. On a per-share basis, the loss expanded to $0.31 from $0.20, representing a 55.0% increase in negative earnings, underscoring ongoing operational challenges.

Price Action
The stock price of Blink Charging showed positive short-term momentum, rising 6.19% in the latest trading day, 15.65% for the week, and 7.07% month-to-date. However, these gains contrasted with the poor earnings performance.

Post-Earnings Price Action Review
A strategy of purchasing shares after the earnings report and holding for 30 days proved highly unsuccessful, resulting in a -94.64% return—far below the 52.81% benchmark. This led to an excess return of -147.46% and a compound annual growth rate of -63.54% over three years, indicating a steep decline in value. The strategy also recorded a maximum drawdown of 0.00%, suggesting limited exposure to additional risk.

CEO Commentary
Mike Battaglia, President and CEO, highlighted a 38% sequential revenue growth and a 73% increase in product revenue, attributing the progress to strong demand for EV charging solutions. He emphasized the Blink Forward initiative, which has reduced compensation expenses by 22% and aims to eliminate $8 million in non-recurring costs. Battaglia also described the Zometric acquisition as a key step in enhancing Blink’s technology and commercial capabilities. He expressed confidence in the company's momentum, with expectations of continued revenue growth and improved cash flow in the second half of 2025.

Guidance
Blink Charging and Michael Berkovich, CFO, expect sequential revenue growth for the remainder of 2025, supported by product and service improvements and ongoing cost reductions. Berkovich noted $8 million in annualized savings from the Blink Forward initiative and anticipated reductions in cash burn. While no specific revenue or EPS targets were provided, the leadership expressed optimism about gross margin stability and a path toward lower cash usage, with Q3 expected to show significant improvement.

Additional News
No material mergers and acquisitions were reported during the three-week period following the earnings release. No C-level executive changes or significant announcements regarding dividends or share buybacks were disclosed. The company remains focused on cost discipline, operational improvements, and strategic positioning in the evolving EV charging sector.