Blink Charging’s third quarter 2026 revenue of $18.4M misses estimates while reaching positive adjusted EBITDA early

Blink Charging reported third quarter 2026 revenue that fell short of analyst expectations due to project timing delays, yet achieved its first-ever positive adjusted EBITDA one quarter ahead of target. The company significantly expanded non-GAAP gross margins to 55.0% through aggressive cost discipline and a strategic pivot toward service revenue, although it lowered its full-year 2026 revenue guidance to a range of $78 million to $81 million.

Key Highlights

• Achieved positive adjusted EBITDA of $0.2 million, surpassing the target of fourth quarter 2026 breakeven behind a 46% year-over-year reduction in non-GAAP operating expenses.
• Service revenue reached $10.0 million, with recurring network fee revenue increasing 6.3% year-over-year to $2.9 million.
• Non-GAAP gross margin expanded to 55.0% compared to 40.9% in the prior year, despite a $3 million non-cash inventory charge for legacy components.
• Ended the period with $30.5 million in cash and no debt, providing flexibility for selective high-quality infrastructure investments.