Blink Charging : Presentation Q1 2026

Published: 2026-05-11 16:56:58 ET BLNK

Published on 05/11/2026 at 04:56 pm EDT

May 11, 2026

Executing Post Restructure

Mike Battaglia

President and CEO

EV Charging Solutions with Blink

Cost Reset Complete: Deploy & Utilize

Cost reset complete, near cash breakeven

Recurring revenue scaling

DC fast charging growth and continued investment

Large market tailwind

Attractive valuation and entry point

Model Shift Driving Margin Expansion

Own &

2028 Target Revenue Mix

20%

Product

Site

Construction

Operate

Capital

Raised

Site

Pipeline

80%

Recurring Revenue = Higher Margin + Predictability This Transition Drives Structural Margin Expansion

Repeat and Recurring Services

DC Footprint Buildout

Sites Approved

Sites Under Construction

Sites

Stalls

TOTAL SITES

Sites

Stalls

Sites

Stalls

Future Blink Sites

Differentiated GTM

Channel Sales:

Hardware & Software

•

Across Verticals

Large TAM

Recurring Network Fees Strong Margin Profile Revenue Optimization Opportunities

Driving repeat

and recurring revenues

Owning & Operating

Infrastructure

DC Fast Buildout

~24 Months Payback

Recurring Energy Revenue

Growing Margin Profile

Revenue Extension Opportunities

The Power of Our Network

Enabling the Future of Mobility - Leveraging Data and AI

Autonomous Mobility

Charging as energy infrastructure for autonomous fleets

High utilization via orchestration, prediction, routing

Integration with autonomy stacks

OEM Integrations

Plug-and-charge experience

Unified navigation and charging UX

Bundled subscriptions

and loyalty

Open Ecosystem

API-driven platform for fleet, navigation, third-party apps

Integrated payments and fintech

Smart city infrastructure connectivity

Intelligent Grid

AI-driven demand, renewables, pricing optimization

Efficient TCO charging at scale

V2G and V2B for grid stability and energy storage

Takeaway

Data platform + AI = Uptime, Margin, and Defensible Advantage

Mike Battaglia President and CEO

EV Charging Solutions with Blink

Q1 2026 Highlights1

Total Revenue

Gross Profit

Gross Margin

Non-GAAP Gross Margin,

+213 bps YoY

25% Service Revenues2

~56 GWh

Disbursed

on Blink Networks

1 All comparisons are Q1-2026 year-over-year, unless otherwise noted

2 Service Revenues consist of repeatable charging revenues, recurring network fees, and car-sharing service revenues

EV Charging Solutions with Blink 11

Financial Performance

From Stabilization to Operational Leverage

* Refer to Appendix section of the presentation for definitions of non-GAAP metrics

EV Charging Solutions with Blink 12

Michael Bercovich

CFO

EV Charging Solutions with Blink

Selected Financials

($ in 000s)

Q1 2026

Q1 2025

YoY Change

Product Sales

$6,194

$8,380

(26.1%)

Service Revenue (1)

$13,349

$10,681

25.0%

Other Revenue (2)

$1,236

$1,657

(25.4%)

TOTAL REVENUES

$20,779

$20,718

0.3%

Gross Profit

$6,639

$7,069

(6.1%)

Operating Expenses

$18,415

$28,450

(35.3%)

ADJUSTED EBITDA (3)

($5,058)

($14,276)

64.6%

1 Service Revenue consist of repeatable charging revenues, recurring network fees, and ride-sharing service revenues.

2 Other Revenue consist of warranties, other revenues, grants and rebates.

3 Adjusted EBITDA defined as EBITDA adjusted for non-recurring or non-cash items, such as share-based compensation, depreciation and amortization, and inventory and PP&E impairment. A reconciliation of GAAP to non-GAAP financial measures can be found in the appendix of this presentation.

EV Charging Solutions with Blink 14

Financial Health Trends

* Refer to the Appendix section of the presentation for reconciliations and definitions of non-GAAP metrics

EV Charging Solutions with Blink 15

Mike Battaglia President and CEO

EV Charging Solutions with Blink

Q&A

EV Charging Solutions with Blink

APPENDIX

EV Charging Solutions with Blink

GAAP to Non-GAAP Reconciliation

(in '000s)

Q1 2026

Q1 2025

GAAP Net Loss (as a % of revenue)

(11,563) (55.6%)

(21,008) (101.4%)

Share-Based Compensation

1,837

905

Non-recurring or non-cash charges

1,898

2,030

Other Adjustments (1)

679

Non-GAAP Net Loss (as a % of revenue)

(7,828) (37.7%)

(17,3G4) (84.0%)

Provision for Income Tax

Interest income

(242)

(401)

Depreciation and Amortization

2,983

3,492

Non-GAAP adjusted EBITDA (as a % of revenue)

(5,058) (24.3%)

(14,276) (64.6%)

(1) Change in fair value and impairment of goodwill/intangible assets

GAAP to Non-GAAP Reconciliation

(in '000s)

Q1 2026

Q1 2025

GAAP Net Loss per Share

(0.08)

(0.21)

Share-Based Compensation

0.01

Non-recurring or non-cash charges

0.01

0.02

Other Adjustments (1)

0.01

Non-GAAP Net Loss per Share

(0.06)

(0.17)

Provision for Income Tax

0.00

Interest income

(0.00)

Depreciation and Amortization

0.02

0.03

Non-GAAP adjusted EBITDA per Share

(0.04)

(0.14)

(1) Change in fair value and impairment of goodwill/intangible assets

GAAP to Non-GAAP Reconciliation

(in '000s)

Q1 2026

Q1 2025

Reconciliation of GAAP gross profit and margin to non-

GAAP gross profit and margin

6,639 32.0%

7,069 34.1%

Non-recurring or non-cash charges

252

(565)

Depreciation

1,917

1,836

Non-GAAP gross profit and margin

8,808 42.4%

8,340 40.3%

Reconciliation of GAAP total operating expenses to non-

GAAP total operating expenses

GAAP Operating Expenses (as a % of revenue)

18,415 88.6%

28,450 137.3%

Share-Based Compensation

(1,837)

(905)

Depreciation and Amortization

(1,067)

(1,656)

Non-recurring or non-cash charges

(1,646)

(2,595)

Other Adjustments (1)

(679)

Non-GAAP Operating Expenses (as a % of revenue)

13,865 66.7%

22,615 10G.2%

(1) Change in fair value and impairment of goodwill/intangible assets

GAAP to Non-GAAP Reconciliation

(in '000s)

Q1 2026

Q1 2025

Reconciliation of GAAP Compensation and GGA and Other

Expenses to non-GAAP

GAAP Compensation Expenses

10,163

13,554

Share-Based Compensation

(1,837)

(905)

Non-recurring or non-cash charges

(1,387)

(1,078)

Non-GAAP Compensation Expenses

6,G3G

11,571

GAAP GGA and Other Expenses

8,252

14,8G6

Depreciation and Amortization

(1,067)

(1,656)

Non-recurring or non-cash charges

(259)

(1,517)

Other Adjustments (1)

(679)

Non-GAAP GGA and Other Expenses

6,G26

11,044

Total Non-GAAP Operating Expenses

13,865

22,615

(1) Change in fair value and impairment of goodwill/intangible assets

Non-GAAP Definitions

Non-GAAP Net Loss excludes share-based compensation, non-recurring and non-cash charges, and other adjustments, but unlike Adjusted EBITDA, retains the impact of taxes, depreciation and amortization and interest income/expense.

Non-GAAP Gross Profit is defined as GAAP gross profit adjusted to exclude (i) depreciation and amortization charges included in cost of revenues, and (ii) non-recurring or non-cash charges within cost of revenues (such as inventory write-downs or one-time warranty costs). Blink Charging believes Non-GAAP Gross Profit provides investors with a clearer view of the Company's underlying operational profitability by removing the impact of asset depreciation related to its charging infrastructure build-out and non-recurring items that are not indicative of ongoing performance. Non-GAAP Gross Margin is Non-GAAP Gross Profit divided by total revenues.

Non-GAAP Operating Expenses is defined as GAAP total operating expenses adjusted to exclude (i) stock-based compensation, (ii) depreciation and amortization within operating expenses, (iii) non-recurring and non-cash charges (including severance and retention payments, executive recruiting fees, one-time legal and consulting costs, and charges related to discontinued software or services), and (iv) changes in fair value of consideration payable and impairment of goodwill and intangible assets. Blink Charging believes Non-GAAP Operating Expenses is a useful measure for investors to assess the Company's structural cost base and ongoing operating expense discipline, as it removes the impact of non-cash compensation, asset depreciation, and one-time charges that do not reflect recurring operational costs.

Non-GAAP Compensation Expense is defined as total GAAP compensation expense excluding non-cash stock-based compensation. Blink Charging believes Non-GAAP Compensation Expense is a useful measure for management, securities analysts, and investors in evaluating the Company's ongoing cash compensation costs and underlying operational efficiency, as it removes the impact of non-cash equity awards that can vary significantly from period to period based on grant timing, vesting schedules, and share price fluctuations rather than changes in headcount or business activity. Non-GAAP Compensation Expense should be considered in addition to, and not as a substitute for, or superior to, total compensation expense or other measures of financial performance prepared in accordance with GAAP and may be defined differently by other companies.

Adjusted EBITDA is defined as GAAP Net Loss adjusted to add back: (i) stock-based compensation; (ii) depreciation and amortization included in cost of revenues;

(iii) non-recurring and non-cash charges (including severance, retention payments, one-time legal and consulting fees, and similar items not reflective of ongoing operations); (iv) changes in fair value of consideration payable and impairment of goodwill and intangible assets; (v) provision for income taxes; (vi) depreciation and amortization within operating expenses; less (vii) net interest and other income (expense). This reconciliation bridge corresponds directly to the line items presented in the Non-GAAP reconciliation tables above.

Disclaimer

Blink Charging Co. published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 11, 2026 at 20:49 UTC.