UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________ to _____________

Commission File No. 001-38392

BLINK CHARGING CO.

(Exact name of registrant as specified in its charter)

Nevada		03-0608147
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

1489 West Warm Springs Rd. Suite 110
Henderson, Nevada		89014
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (305) 521-0200

17301 Melford Blvd, Bowie, Maryland, 20715

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
Common Stock		BLNK		The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☒
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

As of August 4, 2026, the registrant had 144,938,716 shares of common stock outstanding.

BLINK CHARGING CO.

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2026

TABLE OF CONTENTS

	Page
PART I - FINANCIAL INFORMATION	1

Item 1. Financial Statements.	1

Unaudited Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025	1

Unaudited Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2026 and 2025	2

Unaudited Condensed Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended June 30, 2026 and 2025	3

Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three and Six Months Ended June 30, 2026	4

Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity for the Three and Six Months Ended June 30, 2025	5

Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2026 and 2025	6

Notes to Unaudited Condensed Consolidated Financial Statements	8

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.	19

Item 3. Quantitative and Qualitative Disclosures About Market Risk.	28

Item 4. Controls and Procedures.	28

PART II - OTHER INFORMATION	29

Item 1. Legal Proceedings.	29

Item 1A. Risk Factors.	29

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.	29

Item 3. Defaults Upon Senior Securities.	29

Item 4. Mine Safety Disclosures.	29

Item 5. Other Information.	29

Item 6. Exhibits.	30

SIGNATURES	31

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

BLINK CHARGING CO.

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except for share and per share amounts)

	June 30,			December 31,
	2026			2025
Assets
Current Assets:
Cash and cash equivalents	$	34,004		$	39,568
Accounts receivable, net		18,923			29,532
Inventory, net		11,287			14,153
Prepaid expenses and other current assets		6,856			6,065
Total Current Assets		71,070			89,318
Restricted cash		619			89
Property and equipment, net		40,649			42,691
Operating lease right-of-use assets		2,781			6,331
Intangible assets, net		4,765			6,634
Goodwill		1,742			1,742
Other assets		711			648

Total Assets	$	122,337		$	147,453

Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	$	45,960		$	47,242
Current portion of earn-out liabilities		713			1,005
Notes payable		265			265
Current portion of operating lease liabilities		1,305			2,781
Current portion of financing lease liabilities		-			42
Current portion of deferred revenue		12,563			12,137
Total Current Liabilities		60,806			63,472
Earn-out liabilities, non-current portion		-			981
Operating lease liabilities, non-current portion		2,899			4,804
Financing lease liabilities, non-current portion		-			64
Deferred revenue, non-current portion		2,556			5,145
Other liabilities		8,283			8,497

Total Liabilities		74,544			82,963

Commitments and contingencies (Note 7)		-			-

Stockholders’ Equity:

Preferred stock, $0.001 par value, 40,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025		-			-
Common stock, $0.001 par value, 500,000,000 shares authorized, 143,779,491 and 142,128,133 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively		144			142
Additional paid-in capital		897,525			895,505
Accumulated other comprehensive loss		(9,848	)		(8,731	)
Accumulated deficit		(840,028	)		(822,426	)

Total Stockholders’ Equity		47,793			64,490

Total Liabilities and Stockholders’ Equity	$	122,337		$	147,453

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

BLINK CHARGING CO.

Unaudited Condensed Consolidated Statements of Operations

(in thousands, except for share and per share amounts)

	2026			2025			2026			2025
	For The Three Months Ended						For The Six Months Ended
	June 30,						June 30,
	2026			2025			2026			2025

Revenues:
Product revenue	$	7,439		$	14,509		$	13,633		$	22,889
Service revenue		11,484			10,809			23,714			20,315
Other revenue		1,928			2,276			3,164			3,933
Car-sharing revenue		823			1,111			1,942			2,286
Total Revenues		21,674			28,705			42,453			49,423

Cost of Revenues:
Cost of product revenue		4,948			14,074			8,671			19,622
Cost of service revenue		5,823			6,222			13,202			11,503
Cost of other revenue		766			1,302			1,575			2,142
Cost of car-sharing revenue		598			1,067			1,632			1,752
Depreciation and amortization		1,098			1,208			2,293			2,503
Total Cost of Revenues		13,233			23,873			27,373			37,522
Gross Profit		8,441			4,832			15,080			11,901

Operating Expenses:
Compensation		8,352			13,767			18,515			27,321
General and administrative expenses		1,750			10,686			5,302			17,899
Other operating expenses		4,122			6,725			7,755			12,074
Depreciation and amortization		1,715			1,432			2,782			3,087
Change in fair value of consideration payable and earn-out liabilities		(1,273	)		1,784			(1,273	)		2,463
Total Operating Expenses		14,666			34,394			33,081			62,844
Loss From Operations		(6,225	)		(29,562	)		(18,001	)		(50,943	)

Other Income (Expense):
Other income, net		250			345			492			746
Total Other Income, Net		250			345			492			746
Loss Before Income Taxes	$	(5,975	)	$	(29,217	)	$	(17,509	)	$	(50,197	)
Provision for income taxes		(64	)		(95	)		(93	)		(123	)

Net Loss	$	(6,039	)	$	(29,312	)	$	(17,602	)	$	(50,320	)

Net Loss Per Share:
Basic	$	(0.04	)	$	(0.28	)	$	(0.12	)	$	(0.49	)
Diluted	$	(0.04	)	$	(0.28	)	$	(0.12	)	$	(0.49	)

Weighted Average Number of Common Shares Outstanding:
Basic		144,260,561			102,899,705			143,713,633			102,684,303
Diluted		144,260,561			102,899,705			143,713,633			102,684,303

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

BLINK CHARGING CO.

Unaudited Condensed Consolidated Statements of Comprehensive Loss

(in thousands)

	2026			2025			2026			2025
	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2026			2025			2026			2025

Net Loss	$	(6,039	)	$	(29,312	)	$	(17,602	)	$	(50,320	)
Other Comprehensive (Loss) Income:
Foreign currency translation adjustments		(884	)		4,663			(1,117	)		7,414

Total Comprehensive Loss	$	(6,923	)	$	(24,649	)	$	(18,719	)	$	(42,906	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

BLINK CHARGING CO.

Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity

For the Three and Six Months Ended June 30, 2026

(in thousands, except for share amounts)

											Accumulated
									Additional		Other						Total
	Preferred Stock				Common Stock				Paid-In		Comprehensive			Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Capital		Loss			Deficit			Equity

Balance - January 1, 2026		-	$	-		142,128,133	$	142	$	895,505	$	(8,731	)	$	(822,426	)	$	64,490

Stock-based compensation		-		-		840,529		1		1,327		-			-			1,328

Common stock issued upon warrant exercise		-		-		179,020		-		-		-			-			-

Other comprehensive loss		-		-		-		-		-		(233	)		-			(233	)

Net loss		-		-		-		-		-		-			(11,563	)		(11,563	)

Balance - March 31, 2026		-	$	-		143,147,682	$	143	$	896,832	$	(8,964	)	$	(833,989	)	$	54,022

Stock-based compensation		-		-		627,722		1		693		-			-			694

Common stock issued upon warrant exercise		-		-		4,087		-		-		-			-			-

Other comprehensive loss		-		-		-		-		-		(884	)		-			(884	)