Blink Charging Reports Q2 EPS Miss, Revenue Beats Expectations

Blink Charging reported Q2 non-GAAP EPS of -$0.26, missing expectations by $0.09. Revenue of $28.67M was down 13.8% Y/Y but beat estimates by $6.52M. Despite this, the company expects continued sequential revenue growth in H2 2025. Shares declined 1.96% after hours.

Title: Blink Charging Reports Mixed Q2 2025 Results; Stock Declines Post Hours

Blink Charging (NASDAQ: BLNK) reported mixed financial results for the second quarter of 2025, with total revenues of $28.7 million, up 38% sequentially but down 13.8% year-over-year. Service revenues showed strong growth, increasing 46% year-over-year to $11.8 million. The company incurred $16.5 million in largely one-time, non-cash charges and reduced compensation expenses by 22% year-over-year, eliminating $8 million in annualized expenses. Post-quarter, Blink acquired Zemetric, Inc., expanding its charging infrastructure solutions, and reached an agreement with Envoy Technologies shareholders, releasing payment obligations in exchange for stock and performance-based warrants.

The company's gross profit was $2.1 million (7% margin), down from $10.7 million (32% margin) in Q2 2024, while net loss increased to ($32.0 million) or ($0.31) per share. Cash position stood at $25.3 million as of June 30, 2025. Despite the mixed results, Blink expects continued sequential revenue growth in the second half of 2025.

Blink's shares declined 1.96% after hours following the announcement, reflecting the market's reaction to the mixed financial performance. The company's adjusted non-GAAP EPS of -$0.26 missed expectations by $0.09, while revenue of $28.7 million beat estimates by $6.52 million. The company attributed the sequential revenue growth to a 73% increase in product sales and an 11% increase in service revenues.

Blink's acquisition of Zemetric, Inc., expands its portfolio to include intelligent and flexible L2 products, enhancing its value-oriented charging solutions. The company also reached an agreement with Envoy Technologies shareholders, releasing Blink from payment obligations and liabilities. These strategic moves aim to strengthen Blink's market position and drive future growth.

Looking ahead, Blink expects to maintain strong momentum across both its recurring and repeatable charging revenue streams, driven by the expanding installed base of chargers and rising energy prices. The company remains committed to advancing operational efficiency through disciplined expense management and targeted initiatives aimed at lowering operating costs and reducing cash burn.

References:
[1] https://www.stocktitan.net/news/BLNK/blink-charging-announces-second-quarter-2025-gq0v8tv5azc5.html