Net loss for the year ended December 31, 2025, decreased by 59% to $83,385 thousand, compared to $201,318 thousand in 2024. Total revenues for 2025 were $103,520 thousand, a 17% decrease from $124,037 thousand in 2024. Product sales decreased by 43% to $46,961 thousand in 2025, while charging service revenue increased by 51% to $32,285 thousand. The company launched the BlinkForward Initiative in May 2025, a strategic restructuring plan that included a significant reduction in global workforce from 513 to 320 employees and a shift to contract manufacturing for EV hardware. Blink acquired Zemetric Inc. in July 2025 to enhance its product line with software-driven fleet and energy management services, and a lower-cost Level 2 charger lineup. As of December 31, 2025, approximately 66,350 chargers were connected to the Blink Network, including 8,250 owned by the company. A material weakness in internal control over financial reporting was identified as of December 31, 2025, related to the information and communication component, with remediation plans ongoing. The company received a Nasdaq deficiency letter on January 26, 2026, for not meeting the $1.00 minimum bid price requirement, with a compliance period until July 27, 2026.