---
title: "Blink Charging | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 20.78 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285993590.md"
datetime: "2026-05-11T20:37:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285993590.md)
  - [en](https://longbridge.com/en/news/285993590.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285993590.md)
---

# Blink Charging | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 20.78 M

Revenue: As of FY2026 Q1, the actual value is USD 20.78 M, missing the estimate of USD 21.7 M.

EPS: As of FY2026 Q1, the actual value is USD -0.08.

EBIT: As of FY2026 Q1, the actual value is USD -12.02 M.

### Revenue

-   **Total Revenue**: Blink Charging Co.’s total revenues were $20.8 million in the first quarter of 2026, marking a 0.3% increase year-over-year from $20.7 million in the first quarter of 2025 .
-   **Product Revenue**: Product revenues decreased by 26.1% year-over-year, from $8.4 million in Q1 2025 to $6.2 million in Q1 2026 .
-   **Service Revenue**: Service revenues grew by $2.7 million, or 25.0%, to $13.3 million in Q1 2026, up from $10.7 million in Q1 2025 . Service revenue represented 64.2% of total revenue in Q1 2026, an increase from 51.6% in Q1 2025 .
-   **Other Revenue**: Other revenues were $1.2 million in Q1 2026, compared to $1.7 million in Q1 2025 .

### Gross Profit and Margin

-   **GAAP Gross Profit**: Gross profit was $6.6 million, or 32.0% of revenues, in Q1 2026, compared to $7.1 million, or 34.1% of revenues, in Q1 2025 .
-   **Non-GAAP Gross Margin**: Non-GAAP gross margin was 42.4% in Q1 2026, an improvement of 213 basis points from 40.3% in Q1 2025 .

### Operating Expenses

-   **Total Operating Expenses**: Total operating expenses decreased by 35.3% to $18.4 million in Q1 2026, down from $28.5 million in Q1 2025 . This decrease was primarily due to lower compensation expense ($10.2 million vs. $13.6 million), lower general and administrative expenses ($4.6 million vs. $8.9 million), and lower other operating expenses ($3.6 million vs. $5.3 million) .
-   **Non-GAAP Operating Expenses**: Non-GAAP operating expenses were $13.9 million in Q1 2026, a 38.6% decrease from $22.6 million in Q1 2025 .

### Net Loss

-   **GAAP Net Loss**: Net loss narrowed by 45% year-over-year to -$11.6 million, or -$0.08 per basic and diluted share, in Q1 2026, compared to a net loss of -$21.0 million, or -$0.21 per basic and diluted share, in Q1 2025 .
-   **Non-GAAP Net Loss**: Non-GAAP Net Loss was -$7.8 million, or -$0.06 per share, in Q1 2026, an improvement of 55% year-over-year from -$17.4 million, or -$0.17 per share, in Q1 2025 .

### Adjusted EBITDA

-   **Non-GAAP Adjusted EBITDA**: Non-GAAP adjusted EBITDA was a loss of -$5.1 million in Q1 2026, an improvement of approximately 65% year-over-year compared to a loss of -$14.3 million in Q1 2025 .

### Cash Flow and Liquidity

-   **Net Cash Provided By (Used In) Operating Activities**: Net cash provided by operating activities was $0.7 million in Q1 2026, an improvement of approximately $13.7 million compared to net cash used in operating activities of -$13.0 million in Q1 2025 .
-   **Cash and Cash Equivalents**: As of March 31, 2026, cash and cash equivalents totaled $38.0 million, compared to $39.6 million as of December 31, 2025 .
-   **Debt**: Blink Charging Co. had no debt as of March 31, 2026 .

### Outlook / Guidance

For the full year 2026, Blink Charging Co. continues to anticipate a revenue range of $105 million to $115 million . The company expects GAAP gross margins of approximately 35% for the full year 2026 .

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