Shares of Blink Charging (BLNK) fell in after-hours trading after the EV charging company reported earnings for its second quarter of Fiscal Year 2025. Earnings per share came in at -$0.26, which missed analysts’ consensus estimate of -$0.18 per share. In addition, sales decreased by 13.8% year-over-year, with revenue hitting $28.67 million. However, this beat analysts’ expectations of $22.15 million.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
When breaking down the numbers further, Blink’s product revenues totaled $14.5 million, down from $23.6 million in the same period of 2024. However, compared to the first quarter of 2025, product revenues grew 73% due to higher demand for DC fast chargers and L2 Series chargers. At the same time, Service revenues, which include repeat charging services, recurring network fees, and car-sharing revenues, showed strong year-over-year growth.
Indeed, these revenues increased 46% to $11.8 million, up from $8.0 million in Q2 2024, thanks to greater charger utilization and a larger number of chargers connected to the Blink network. Sequentially, service revenue also rose by 11% over the previous quarter. Additionally, other revenues—such as warranty fees, grants, and rebates—reached $2.4 million in Q2 2025, up from $1.6 million the year before.
2025 Outlook
Looking forward, Blink expects steady revenue growth through the second half of 2025, thanks to strong momentum in both its recurring and repeatable charging revenue streams. Recurring revenues are expected to grow as the number of installed chargers increases. At the same time, the company anticipates that repeatable charging revenue will rise due to its growing EV charging infrastructure, higher charger usage, and rising energy prices.
To support this growth while aiming for profitability, Blink is focused on improving efficiency. Indeed, the company is managing expenses carefully by looking for ways to cut operating costs and reduce cash burn.
Is BLNK Stock a Good Buy?
Turning to Wall Street, analysts have a Hold consensus rating on BLNK stock based on three Holds assigned in the past three months, as indicated by the graphic below. Furthermore, the average BLNK price target of $1 per share implies that shares are trading near fair value. However, it’s worth noting that estimates will likely change following today’s earnings report.
