Blink Charging reports mixed Q2 results

Blink Charging reports mixed Q2 results as EPS misses and revenue beats reflect a shift toward service revenue and efficiency efforts.

Blink Charging Posts Mixed Q2 Results

Blink Charging Corp reported its second quarter of fiscal year 2025 after the market close. Earnings per share were -0.26, missing the consensus estimate of -0.18. Revenue totaled 28.67 million dollars, down 13.8% from a year earlier but above the 22.15 million dollar expectation. Product revenues fell to 14.5 million dollars from 23.6 million a year earlier, though they rose 73% from the prior quarter thanks to stronger demand for DC fast chargers and the L2 Series. Service revenues climbed 46% year over year to 11.8 million and were 11% higher than the previous quarter, helped by greater charger utilization and more units connected to Blink’s network. Other revenues, including warranties and grants, reached 2.4 million dollars.

Blink said it expects revenue growth to continue in the second half of 2025, driven by recurring and repeatable charging revenue as more chargers are installed and used. The company is also pursuing efficiency measures to reduce cash burn and control costs on the path to profitability. Wall Street analysts currently have a Hold rating on BLNK, with shares trading near a fair value around one dollar, and investors will be watching whether growth translates into sustained profits.

Blink’s revenue mix shows a shift toward service-based earnings, which could provide more predictability if Blink can keep charging utilization high. Yet the absence of clear margin data and the ongoing need to fund hardware expansion leave profitability uncertain in the near term. The quarter hints at potential stability in recurring revenue, but the path to a durable bottom line remains narrow amid competitive pricing and energy-cost pressures.

Looking ahead, Blink faces the challenge of converting top-line growth into real profitability while maintaining disciplined spend. A Hold rating from analysts and a modest price target suggest a wait‑and‑see stance until operating leverage becomes clearer and the cash burn declines further.

Highlights

The road to profitability for Blink depends on turning growing usage into durable, cost‑efficient revenue.