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EV charging gear maker Blink Charging Q2 revenue beats estimates

ReutersAug 18, 2025 8:13 PM


Overview

  • Blink Q2 2025 revenue grows 38% sequentially, beating analyst expectations

  • Adjusted EPS for Q2 misses estimates, reflecting non-cash charges impact


Outlook

  • Blink expects continued sequential revenue growth in H2 2025

  • Company anticipates growth in repeatable charging revenue due to rising energy prices


Result Drivers

  • PRODUCT DEMAND - Sequential product revenue growth of 73% driven by demand for DC fast chargers and L2 Series chargers

  • SERVICE UTILIZATION - Service revenues increased 11% sequentially due to greater utilization and more chargers on the network

  • COST REDUCTION - Reduced compensation expenses by 22% year-over-year, eliminating $8 mln in annualized expenses


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$28.70 mln

$22.10 mln (4 Analysts)

Q2 Adjusted EPS

Miss

-$0.26

-$0.18 (4 Analysts)

Q2 EPS

-$0.31

Q2 Net Income

-$32 mln

Q2 Adjusted EBITDA

Miss

-$24.50 mln

-$10.80 mln (4 Analysts)

Q2 Gross Profit

$2.10 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the electric utilities peer group is "buy"

  • Wall Street's median 12-month price target for Blink Charging Co is $2.50, about 62.4% above its August 15 closing price of $0.94

Press Release: ID:nGNX7JlgZr

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