BLINK CHARGING ANNOUNCES THIRD QUARTER 2026 FINANCIAL RESULTS
Key Highlights
- ➤Q3 revenue $18.4 million, down 32.0% year-over-year and below internal projections
- ➤2026 revenue guidance cut to $78 million-$81 million from $83 million-$90 million
- ➤Adjusted EBITDA reached $0.2 million, first positive quarter and one quarter ahead of target
- ➤Non-GAAP gross margin expanded to 55.0%, up over 1,400 basis points year-over-year
- ➤Cash $30.5 million with no debt; EnergyConnect reached 52 Blink-owned sites
Expert Statements
Mike Battaglia, Chairman and CEO of Blink Charging
“Achieving positive adjusted EBITDA a quarter ahead of our target is a monumental milestone and it reflects the discipline we have built across Blink over the past eighteen months. As we become Blink Energy, we see exciting opportunities to manage energy more intelligently across our charging network, which benefits Blink, electricity grid resources, our hosts and our drivers. We intend to build on this momentum and continue our trajectory of positive adjusted EBITDA. We are also bringing the same level of focus, discipline, and accountability to accelerate revenue growth in 2027.”
Michael Bercovich, Chief Financial Officer of Blink Charging
“Delivering positive adjusted EBITDA of $0.2 million in the third quarter, compared with a $(7.3) million loss a year ago, represents a historical milestone in the financial transformation and reflects continued progress toward sustainable profitability. Our quarterly non-GAAP operating expenses declined 46% year-over-year, and that cost discipline and quality of revenue focus allowed us to generate positive adjusted EBITDA. We expect to maintain positive adjusted EBITDA through the fourth quarter of 2026. We ended the quarter with approximately $30.5 million in cash and cash equivalents and no debt, giving us the flexibility to keep investing selectively in high-quality opportunities.”
* Q3 Revenue of $18.4 million, reflecting continued portfolio rationalization and timing of project deliveries. * GAAP operating loss of $6.9 million, compared with $6.2 million in the prior quarter. * Gross Margin of 26.3%, driven by non-cash inventory charge; Non-GAAP gross margin of 55.0%, an expansion of over 1,400 basis points year-over-year. * Achieved first-ever positive quarterly Adjusted EBITDA of $0.2 million, one quarter ahead of target, * Non-GAAP operating expenses decreased 46% year-over-year to $10.0 million, reflecting continued cost discipline and operating efficiencies. * Expanded EnergyConnect(TM) deployment to 52 Blink-owned sites; initial reduction of 21% in demand fees across high-capacity sites. * Ended the quarter with approximately $30.5 million in cash and cash equivalents and no debt. * Mike Battaglia appointed Chairman of the Board, while continuing as CEO, strengthening strategic alignment and leadership continuity as Blink Energy enters its next phase of growth. Henderson, NV., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK) (“Blink” or the “Company”), a leading global owner, operator, and provider of electric vehicle (EV) charging equipment and energy management solutions, today announced financial results for the third quarter ended September 30, 2026.
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