Filing Flows › Blink Charging (BLNK) › Q1 2025
Blink Charging (BLNK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Blink Charging (BLNK) reported revenue of $20.7M for the first quarter 2025 (Q1 2025), -45% from a year earlier and -31% from the quarter before. Operating margin was -103.2%, net loss $21.0M (101.4% of revenue).
Blink Charging, Q1 2025: revenue $20.7M (-45% year over year), operating margin -103.2%, net loss $21.0M, operating cash flow −$11.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.7M | -31% | -45% |
| Operating profit | −$21.4M | — | — |
| Net earnings | −$21.0M | — | — |
| Operating cash flow | −$11.9M | — | — |
What changed
Revenue was $20.7M in Q1 2025, down 45% year over year and down 31% from the previous quarter. Product was the largest line at 40% of revenue. Product lost $19.1M year over year (down 70%), 114% of the total change.
Gross margin was 34.1%, down 1.6 points from a year earlier. Operating costs exceeded revenue by $21.4M, an operating margin of -103.2%. Operating expenses fell 8% while revenue fell 45%. The fastest-growing cost line was General & admin (+14%). The quarter ended with a net loss of $21.0M, narrower than the previous quarter's $76.7M loss.
Operating cash flow was −$11.9M. Non-cash charges added back $3.5M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $4.7M. Capital expenditures of $2.4M exceeded it, leaving free cash flow of −$14.2M.
Questions
What was Blink Charging's revenue in the first quarter 2025?
Blink Charging (BLNK) reported revenue of $20.7M for the first quarter 2025 (Q1 2025), -45% from a year earlier and -31% from the quarter before.
Was Blink Charging profitable in the first quarter 2025?
Operating loss was $21.4M (-103.2% of revenue) and net loss $21.0M.
Source: Blink Charging 10-Q on SEC EDGAR.