Blink Charging Q1 Marks Shift to Services With DC Fast-Charger Build Plan

Overview

• Blink reported first-quarter 2026 revenue of $20.8 million, with higher-margin service revenue up 25% year over year to $13.3 million.
• The company cut operating expenses by 35% from a year earlier, narrowing its GAAP net loss to $11.6 million.
• Operating cash flow turned positive at about $0.7 million, reflecting early gains from a 2025 cost reset.
• Blink outlined 27 near-term sites with 136 DC fast-charging stalls, including 3 sites with 11 stalls already under construction; DC fast chargers add range in minutes and can drive steadier fee and energy sales.
• Management reaffirmed 2026 guidance for $105 million to $115 million in revenue and about 35% gross margin, and the company ended the quarter with roughly $38 million in cash and no debt.