Blink(US:BLNK)2025-11-06 21:30Financial Performance - Total revenue reached $27.0 million, representing a 7.3% year-over-year decrease compared to $35.187 million in Q3 2024 [32] - Service revenue increased by 35.5% year-over-year, reaching $11.863 million in Q3 2025 compared to $8.754 million in Q3 2024 [32] - Gross profit increased by 6.0% to $9.666 million in Q3 2025 from $9.119 million in Q3 2024 [32] - Gross margin was 35.8% in Q3 2025, with product gross margin at 39%, a ~700 bps year-over-year increase [18] - Adjusted EBITDA improved by 36.7% to -$8.867 million in Q3 2025, compared to -$14.017 million in Q3 2024 [32] Operational Highlights - Cash burn reduced by 87% to $2.2 million in Q3 2025 [11] - Operating expenses decreased by 89.9% to $9.871 million in Q3 2025 from $97.345 million in Q3 2024 [32] - Network fees grew by 36% year-over-year [22] - Charging revenue from US Blink owned DC chargers grew by 339% year-over-year [22] - The company improved working capital by $5 million in Q3 2025 [10]