EV charging infrastructure provider Blink Charging (NASDAQ: BLNK) reported Q2 CY2025 results beating Wall Street’s revenue expectations, but sales fell by 13.8% year on year to $28.67 million. Its non-GAAP loss of $0.26 per share was 50.3% below analysts’ consensus estimates.

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Mike Battaglia, President and Chief Executive Officer of Blink Charging, commented, “We made solid progress in the second quarter, achieving consolidated revenues of $28.7 million, reflecting growth of 38% sequentially as compared to the first quarter of 2025, highlighted by a 73% sequential increase in product sales and an 11% sequential increase in service revenues. Furthermore, although we incurred $16.5 million in largely one-time, non-cash charges this quarter, we reduced our ongoing annual operating expenses by approximately $8 million, reflecting our commitment to enhancing efficiencies across the business.”

Company Overview

One of the first EV charging companies to go public, Blink Charging (NASDAQ: BLNK) is a manufacturer, owner, operator, and provider of electric vehicle charging equipment and networked EV charging services.

Revenue Growth

Examining a company’s long-term performance can provide clues about its quality.

Any business can put up a good quarter or two, but the best consistently grow over the long haul.

Over the last five years, Blink Charging grew its sales at an incredible 89.1% compounded annual growth rate. Its growth beat the average industrials company and shows its offerings resonate with customers.

Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Blink Charging’s recent performance shows its demand has slowed significantly as its annualized revenue growth of 5.4% over the last two years was well below its five-year trend. We also note many other Renewable Energy businesses have faced declining sales because of cyclical headwinds. While Blink Charging grew slower than we’d like, it did do better than its peers.

This quarter, Blink Charging’s revenue fell by 13.8% year on year to $28.67 million but beat Wall Street’s estimates by 35.2%.

Looking ahead, sell-side analysts expect revenue to grow 18.6% over the next 12 months, an improvement versus the last two years. This projection is eye-popping and suggests its newer products and services will fuel better top-line performance.

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Operating Margin

Operating margin is a key measure of profitability. Think of it as net income - the bottom line - excluding the impact of taxes and interest on debt, which are less connected to business fundamentals.

Blink Charging’s high expenses have contributed to an average operating margin of negative 152% over the last five years. Unprofitable industrials companies require extra attention because they could get caught swimming naked when the tide goes out. It’s hard to trust that the business can endure a full cycle.

On the plus side, Blink Charging’s operating margin rose over the last five years, as its sales growth gave it operating leverage. Still, it will take much more for the company to reach long-term profitability.

This quarter, Blink Charging generated a negative 112% operating margin.

Earnings Per Share

Revenue trends explain a company’s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions.

Blink Charging’s earnings losses deepened over the last five years as its EPS dropped 11.7% annually. We’ll keep a close eye on the company as diminishing earnings could imply changing secular trends and preferences.

Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business.

For Blink Charging, its two-year annual EPS growth of 35.6% was higher than its five-year trend. Its improving earnings is an encouraging data point, but a caveat is that its EPS is still in the red.

In Q2, Blink Charging reported adjusted EPS of negative $0.26, down from negative $0.18 in the same quarter last year. This print missed analysts’ estimates. Over the next 12 months, Wall Street expects Blink Charging to improve its earnings losses. Analysts forecast its full-year EPS of negative $0.75 will advance to negative $0.54.

Key Takeaways from Blink Charging’s Q2 Results

We were impressed by how significantly Blink Charging blew past analysts’ revenue expectations this quarter. On the other hand, its EBITDA missed and its EPS fell short of Wall Street’s estimates. Overall, this quarter could have been better. The stock traded down 3.9% to $0.99 immediately following the results.

Blink Charging didn’t show it’s best hand this quarter, but does that create an opportunity to buy the stock right now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.