Blink Charging Co. (BLNK) reported a first-quarter 2026 adjusted loss of 6 cents per share, an improvement from a loss of 18 cents in the same period last year. The loss was narrower than the Zacks Consensus Estimate of 7 cents by 14.3%. Total revenues for the quarter were $20.8 million, flat year-over-year, but below expectations by 2.7%.
Service revenues grew 25% year-over-year to $13.3 million, making up 64.2% of total revenues, up from 51.6% a year ago. In contrast, product revenues fell 26.1% to $6.2 million. Cash flow from operations turned positive at $0.7 million, a significant improvement from a cash usage of $13 million a year earlier. As of March 31, 2026, the company had $38 million in cash and no debt.
Blink continues to project 2026 full-year revenues between $105 million and $115 million with an expected gross margin of approximately 35%. The company is actively expanding its fast-charging network, planning 27 sites, of which 24 are approved and 3 under construction.
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