Cash and cash equivalents totaled $25.3 million as of June 30, 2025, with no debt; cash burn was approximately $30 million in H1 2025.
Gross profit was $2.1 million or 7.3% of revenues, impacted by $6.4 million in noncash nonrecurring charges; adjusted gross margin excluding these was 29.7%.
Loss per share was $0.31, adjusted loss per share was $0.26, and adjusted EBITDA loss was $24.4 million.
Operating expenses were $34.3 million, including $10.1 million in noncash charges; adjusted operating expenses showed a 23% year-over-year improvement.
Other revenues rose 47% year-over-year to $2.4 million, primarily due to increased warranty revenue.
Product revenues grew 73% sequentially to $14.5 million, driven by strong demand for DC fast chargers and Level 2 units.
Q2 2025 revenues were $28.7 million, down from $33.3 million in Q2 2024 but showing 38% sequential growth from Q1 2025.
Service revenues increased 46% year-over-year to $11.8 million, reflecting higher charger utilization and growth in Blink-owned assets.