Blink Charging Reports First Positive Adjusted EBITDA Quarter Amid Revenue Decline
Blink Charging (BLNK) reported its third quarter 2026 financial results, highlighted by achieving a positive adjusted EBITDA of $200,000 for the first time in company history. This represents a significant $7.5 million improvement compared to the same period last year. However, total revenue fell 32% year-over-year to $18.4 million, driven by deliberate portfolio rationalization and the non-renewal of unprofitable contracts. The company is shifting its focus toward higher-margin business, evidenced by a Non-GAAP gross margin expansion to 55%. While net loss widened to $6.7 million due to a $3 million non-cash inventory charge, management has successfully reduced operating expenses by 46% through organizational rightsizing. Blink also lowered its full-year revenue guidance to a range of $78 million to $81 million to reflect project timing and improved revenue quality discipline.
Tickers: $BLNK
Topics: earnings report EBITDA profitability revenue guidance
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