Quarterly report [Sections 13 or 15(d)]

Note 8 - Segment Reporting

v3.26.3
Note 8 - Segment Reporting
 9 Months Ended
Sep. 30, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

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. Until 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 Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Other operating expenses

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Software

 

 $

819

 

 

 $

1,647

 

 

 $

3,637

 

 

 $

4,906

 

Other (1)

 

 

1,943

 

 

 

3,156

 

 

 

6,880

 

 

 

11,971

 

Total other operating expenses

 

 $

2,762

 

 

 $

4,803

 

 

 $

10,517

 

 

 $

16,877

 

 

(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:

 

 

 

September 30, 2026

 

 

December 31, 2025

 

 

 

 

 

​

 

 

 

​

United States

 

 $

27,962

 

 

 $

35,296

 

United Kingdom

 

 

7,454

 

 

 

8,754

 

International - Other (1)

 

 

4,173

 

 

 

4,972

 

 

 

 

 

​

 

 

 

​

Total

 

 $

39,589

 

 

 $

49,022

 

 

(1)

Primarily consists of long-lived assets of Belgium and The Netherlands.

 

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

 

 

For the Three Months Ended

 

 

For the Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenues by Geographical Area

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

United States

 

 $

13,160

 

 

 $

18,630

 

 

 $

39,629

 

 

 $

48,902

 

International (1)

 

 

5,237

 

 

 

8,425

 

 

 

21,221

 

 

 

27,576

 

Total Revenue

 

 $

18,397

 

 

 $

27,055

 

 

 $

60,850

 

 

 $

76,478

 

 

(1)

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