Blink Charging Co

Blink Charging reiterated its goal of reaching approximately EBITDA breakeven by the end of 2026 while accelerating its buildout of DC fast-charging infrastructure. The company reported second-quarter revenue of just under $22 million and gross profit of $8.4 million, with GAAP gross margin of about 39% and adjusted, non-GAAP gross margin of nearly 48%, and it narrowed its quarterly EBITDA loss to $2.2 million from nearly $8 million a year earlier, a figure that would have been about $1.4 million excluding the sale of its Envoy EV car-sharing business. Blink said it raised $18.5 million on a net basis in December, mostly earmarked for capital expenditures on DC fast-charging stations, and currently has 25 sites under construction that are expected to add about 118 electrified charging stalls by year-end, part of a plan to reach 169 DC fast-charging sites and more than 500 electrified stalls by the end of the year. The company, which operates in the U.S., United Kingdom and Belgium and owns and operates approximately 7,000 charging stations, is shifting capital spending away from Level 2 AC charging equipment toward DC fast charging, and it targets increasing recurring revenue from roughly 50% to 60% of its mix today to 80% by 2028. Blink also highlighted its EnergyConnect energy-management platform, now expanded to 45 sites from an initial 11 company-owned locations, which it estimates saves about $360,000 in annual electricity costs across those sites and could represent a roughly $115 million opportunity over the next five years.

Blink Charging has received an additional 180 calendar days from Nasdaq to regain compliance with the minimum bid price requirement, extending the deadline through January 25, 2027. The company was notified on July 28, 2026, after requesting the extension on July 7, 2026, and it continues to meet all other initial listing standards for the Nasdaq Capital Market except the bid price rule. Blink will monitor its compliance status and provide updates as appropriate.

Blink Charging reported momentum in its DC fast-charging infrastructure expansion, with 27 sites approved or under construction as of March 31, 2026, expected to add 136 charging stalls. Recent placements include a 600kW site at Vasa Fitness in Lafayette, Colorado, and new DC fast chargers in North Carolina and Brooklyn, New York. The approved pipeline extends to New Jersey, Maryland, Illinois, Pennsylvania, Florida, and additional locations in North Carolina. President and CEO Mike Battaglia called DC fast charging central to building Blink for the next decade and beyond, emphasizing intentional and strategic capital deployment on high-quality sites to increase utilization and meet growing EV charging demand.