Bowie, MD — November 6, 2025 — Leads & Copy — Blink Charging Co. (NASDAQ: BLNK) announced its financial results for the third quarter ended September 30, 2025, showcasing revenue growth, operational discipline, and strategic focus.
Third quarter service revenues grew 35.5% year-over-year to $11.9 million, driven by increased charger utilization and service revenues. Total revenues for the third quarter increased by 7.3% year-over-year to $27.0 million. The company improved its sequential gross margin to 35.8% and reduced operating cash burn by 87% sequentially to $2.2 million. Total operating expenses were reduced by 26% year-over-year and by 15% sequentially, adjusted for non-recurring items.
Blink Charging has initiated a transition to contract manufacturing while maintaining vertical integration of hardware and firmware design. The company’s crypto payment integration is on track for launch before the end of the year.
According to the press release, product revenues were $13.0 million, compared to $13.4 million in the third quarter of 2024. Service revenues increased by $3.1 million, or 35.5%, to $11.9 million, compared to $8.8 million in the third quarter of 2024. Other revenues were $2.1 million, compared to $3.0 million in the third quarter of 2024.
Gross profit was $9.7 million, or 35.8% of revenues, compared to $9.1 million, or 36.2% of revenues, in the third quarter of 2024. Operating expenses in the third quarter of 2025 were $9.9 million, compared to $97.3 million in the third quarter of 2024. Net loss for the third quarter was $(0.09) million, or $(0.00) per basic and diluted share, compared to a net loss of $(87.4) million, or loss of $(0.86) per basic and diluted share in the third quarter of 2024.
Adjusted EBITDA for the third quarter of 2025 was a loss of $(8.9) million, compared to an adjusted EBITDA loss of $(14.0) million in the same period of 2024. Adjusted EPS for the third quarter of 2025 was a loss of $(0.10), compared to an adjusted EPS loss of $(0.16) in the third quarter of 2024.
As of September 30, 2025, Blink’s cash, cash equivalents, and marketable securities totaled $23.1 million, compared to $55.4 million as of December 31, 2024. The company had no cash debt as of September 30, 2025.
Blink Charging expects continued sequential revenue growth in the second half of 2025, with positive trends continuing into the fourth quarter, and anticipates maintaining strong momentum across both its recurring and repeatable revenue streams.
Mike Battaglia, President and CEO of Blink Charging, said the company is proud of the strides made in Q3 2025. Michael Bercovich, Chief Financial Officer, commented that the quarter reflects meaningful progress in strengthening the company’s foundation for sustainable and disciplined growth.
As part of its BlinkForward strategy, Blink is transitioning from in-house to contract manufacturing to leverage external expertise, accelerate production timelines, reduce overhead costs, and improve scalability.
Vitalie Stelea, Investor Relations Contact, IR@BlinkCharging.com
Felicitas Massa, Media Contact, PR@BlinkCharging.com
Source: Blink Charging Co.
