Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING

v3.26.1
SEGMENT REPORTING
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING

8. SEGMENT REPORTING

 

The Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM organizes the Company, manages resource allocations and measures performance as one operating and reportable segment. The Company sells, owns, and operates residential and commercial EV charging solutions, including its Blink Network and EVSE, to support EV drivers at various locations. Through June 5, 2026, the Company also owned and operated an EV car-sharing and ride-sharing program.

 

The measure of segment assets reviewed by the CODM is total consolidated assets, as reported in the condensed consolidated balance sheets. The CODM reviews the following information on a consolidated basis: assets, revenues, cost of revenues, gross profit, compensation expense and operating loss in order to allocate operating and capital resources within the segment and to assess performance of the Company by comparing actual results to historical results and previously forecasted financial information. Other than certain disaggregated expense information provided in relation to other operating expenses, significant expenses regularly provided to the CODM are presented as shown on the statement of operations. The CODM is also regularly provided disaggregated expense information for other operating expenses, which is disaggregated between software costs and other expenses as shown in the table below:

 

                 
    For The Three Months Ended     For The Six Months Ended  
    June 30,     June 30,  
    2026     2025     2026     2025  
Other operating expenses                                
Software   $ 1,442     $ 1,466     $ 2,818     $ 3,259  
Other (1)     2,680       5,259       4,937       8,815  
Total other operating expenses   $ 4,122     $ 6,725     $ 7,755     $ 12,074  

 

(1) Includes operating lease expense, gain on sale of Envoy Technologies, Inc., insurance expense, office expenses and travel expenses.

 

The following table sets forth our long-lived assets by geographic area, which consists of property and equipment, net and operating lease right-of-use assets:

 

    June 30, 2026     December 31, 2025  
             
United States   $ 30,980     $ 35,296  
United Kingdom     8,399       8,754  
International - Other     4,051       4,972  
                 
Total   $ 43,430     $ 49,022  

 

The following table summarizes our revenue recognized in the condensed consolidated statements of operations by geographical area:

 

                 
    For the Three Months Ended     For the Six Months Ended  
    June 30,     June 30,  
    2026     2025     2026     2025  
Revenues by Geographical Area                                
U.S.A   $ 14,216     $ 18,046     $ 26,469     $ 30,272  
International (1)     7,458       10,659       15,984       19,151  
Total Revenue   $ 21,674     $ 28,705     $ 42,453     $ 49,423  

 

(1) International revenue primarily consists of Belgium, United Kingdom and The Netherlands.

 

 

BLINK CHARGING CO.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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