Blink Charging Aims for EBITDA Breakeven as It Expands DC Fast-Charging Infrastructure
Blink Charging (NASDAQ:BLNK) has outlined progress toward profitability, with a goal of achieving approximately EBITDA breakeven by the end of 2026. The company reported an improved second-quarter EBITDA loss of $2.2 million compared to nearly $8 million in the same period last year. Blink is accelerating its shift from Level 2 AC charging equipment toward DC fast-charging infrastructure, with 25 sites currently under construction and plans for 169 such sites by year-end. The company also aims to increase recurring revenue from about 50%–60% of total revenue today to 80% by 2028. Blink's EnergyConnect platform is designed to reduce electricity costs through load management, with potential future applications in battery storage and grid services that could represent a $115 million opportunity over five years. Blink reported second-quarter revenue just under $22 million and gross profit of $8.4 million, with GAAP gross margin at 39% and adjusted non-GAAP gross margin near 48%. The company is targeting a full-year 2026 GAAP gross margin of 35%.
Tickers: $BLNK
Topics: dc fast-charging infrastructure ebitda breakeven target electric vehicle charging