Blink Charging Co.

Q2 2026 total revenue was $21.7 million versus $28.7 million in Q2 2025. GAAP gross profit was $8.4 million, or 38.9% of revenue, versus $4.8 million, or 16.8%, in Q2 2025; management also cited a 2,200 basis point year-over-year gross margin increase. Adjusted gross margin was 47.9%. GAAP net loss was $6 million, or $0.04 per diluted share, versus a net loss of $29.3 million, or $0.28 per diluted share, a year ago. Adjusted EBITDA loss was $2.2 million versus $7.9 million in Q2 2025. Cash and cash equivalents were approximately $34 million, and days sales outstanding was below 80 days. For full-year 2026, management revised revenue guidance to $83 million-$90 million from $105 million-$115 million, and raised gross margin outlook to approximately 38% from approximately 35%; they also said they expect a further reduced adjusted EBITDA loss in the second half and plan to exit 2026 at approximately breakeven.

Mike Battaglia framed the quarter as evidence that Blink’s transformation is working, emphasizing better revenue quality, stronger margins, and a leaner operating model. He said the company is deliberately walking away from contracts that do not meet profitability thresholds and is concentrating capital on owned and operated DC fast charging plus EnergyConnect. His tone was confident but disciplined, repeatedly stressing that profitability, not just growth, is the priority.

Michael Bercovich said Q2 validated the plan, pointing to $21.7 million of revenue, $8.4 million of gross profit, 38.9% GAAP gross margin, a $6 million net loss, and a $2.2 million adjusted EBITDA loss. He highlighted operating expenses of $14.7 million versus $34.4 million last year, cash of about $34 million, DSO below 80 days, and first-half 2026 net cash burn of about $5.6 million versus $30.1 million last year. He said the revenue guidance cut reflects intentional quality-focused decisions and the Envoy divestiture, while the higher gross margin outlook reflects portfolio optimization, selective renewals, contract manufacturing efficiencies, and improved revenue mix.

Analysts focused on network utilization, OpEx run-rate, the reasons for the revenue reset, the confidence behind the breakeven target, and the EnergyConnect/battery strategy. Management said utilization is increasing, especially across assets installed in the last 18 months, and that the current OpEx run rate should be a good reference point because most structural cost actions are behind them. On the revenue downgrade, they said it was intentional and not demand-driven, while on EnergyConnect they said batteries could eventually be added to existing DC sites and even retrofit opportunities could be meaningful.