Blink Charging Co
NASDAQ:BLNK
Blink Charging Co
Blink Charging Co. engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. The company is headquartered in Miami Beach, Florida and currently employs 191 full-time employees. The company went IPO on 2008-05-22. The company offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types. Its principal line of products and services includes its Blink EV charging network (the Blink Network) and Blink EV charging equipment, also known as electric vehicle supply equipment (EVSE) and other EV-related services. The Blink Network is a cloud-based system that operates, maintains, and manages Blink charging stations and handles the associated charging data, back-end operations, and payment processing. The Blink Network provides property owners, managers, parking companies, and state and municipal entities (Property Partners), among other types of commercial customers, with cloud-based services that enable the remote monitoring and management of EV charging stations.
Blink Charging Co. engages in the operation and provision of electric vehicles, charging equipment, and networked EV charging services. The company is headquartered in Miami Beach, Florida and currently employs 191 full-time employees. The company went IPO on 2008-05-22. The company offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types. Its principal line of products and services includes its Blink EV charging network (the Blink Network) and Blink EV charging equipment, also known as electric vehicle supply equipment (EVSE) and other EV-related services. The Blink Network is a cloud-based system that operates, maintains, and manages Blink charging stations and handles the associated charging data, back-end operations, and payment processing. The Blink Network provides property owners, managers, parking companies, and state and municipal entities (Property Partners), among other types of commercial customers, with cloud-based services that enable the remote monitoring and management of EV charging stations.
Revenue Growth: Blink delivered Q3 2025 revenue of $27 million, up 7% year-over-year, with service revenue reaching a record $11.9 million, up 36%.
Gross Margin Rebound: Gross margin improved to 35.8% in Q3, supported by a focus on higher-margin service revenue and disciplined pricing.
Expense Reductions: Blink eliminated $13 million in annualized operating expenses year-to-date, with Q3 operating expenses down 26% year-over-year (excluding nonrecurring items).
Cash Burn: Cash burn fell sharply to $2.2 million in Q3, an 87% reduction from Q1, marking the lowest level in over three years.
Strategic Shift: The company is exiting in-house manufacturing, moving to contract manufacturers to cut costs and focus on growing recurring service revenue.
Positive Outlook: Management expects sequential revenue growth in the second half of 2025 and continued improvement in operating efficiency and cash flow.
