Blink Charging Q4 Service Revenues Up 62% to $14.7M, Forecasts $105-115M for 2026
Blink Charging posted Q4 2025 revenues of $27.0 million, with service revenues up 62% to $14.7 million. It cut operating expenses 34%, ended 2025 with $39.5 million cash and forecasts 2026 revenues of $105-115 million at 35% gross margin.
1. Q4 and Full-Year 2025 Financial Results
Blink recorded total revenues of $27.0 million in Q4 and $103.5 million for full-year 2025. Service revenues rose 62% to $14.7 million, representing 54% of Q4 sales, while product revenues declined 35.7% to $11.0 million.
2. Expense Reduction and Balance Sheet Strength
The company reduced operating expenses by 34% since Q1 2025 and 15% sequentially, cutting cash burn to approximately $2 million per quarter for two consecutive quarters. It closed the year debt-free with $39.5 million in cash.
3. $20 Million Equity Offering
In December 2025, Blink completed a $20 million public equity offering on NASDAQ, bolstering liquidity to accelerate expansion of its owner-operated DC fast charging network in high-value markets.
4. 2026 Outlook and Guidance
For the full year 2026, Blink expects revenues between $105 million and $115 million with gross margins around 35%. Management anticipates significantly reduced Adjusted EBITDA losses and continued growth in repeatable charging services.