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Blink Charging Co Financials

BLNK
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Blink Charging Co (BLNK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BLNK FY2025

Loss reduction is coming from a cost reset, while the business still relies on external funding to bridge cash burn.

From FY2024 to FY2025, net loss shrank from -$201.3M to -$83.4M, but operating cash burn improved only from -$48.3M to -$30.9M and gross margin slipped from 29.8% to 24.6%. That combination suggests the better headline earnings came mostly from lower operating costs and non-cash items, not from a stronger underlying revenue engine.

Cash of $39.6M at FY2025 sits roughly in line with annual free cash burn of -$40.6M, while the current ratio has narrowed to 1.4x from 3.2x in FY2023. The company still posted financing inflow of $19.3M in FY2025, and the higher share count shows outside capital remains part of how operations are funded.

The business is becoming less asset-backed: total assets fell from $428.5M in FY2023 to $147.5M in FY2025, while debt-to-equity rose from 0.5x to 1.3x. FY2025 capital spending was only $9.7M, so most cash use is still coming from the core operation rather than unusually heavy expansion.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Cash Runway Dilution R&D Intensity Revenue Progress Burn Trend Balance Sheet 41 / 100
Financial Health Score 41/100
Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Blink Charging Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway
48
Dilution
33
Revenue Progress
28
Burn Trend
77
Balance Sheet
57
Altman Z-Score Distress
-8.20

Blink Charging Co scores -8.20, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($79.6M) relative to total liabilities ($83.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
3/8

Blink Charging Co passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality
0.37x

For every $1 of reported earnings, Blink Charging Co generates $0.37 in operating cash flow (-$30.9M OCF vs -$83.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-4426.3x

Blink Charging Co earns $-4426.3 in operating income for every $1 of interest expense (-$84.1M vs $19K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$103.5M
YoY-18.0%
5Y CAGR+75.4%
10Y CAGR+38.6%

Blink Charging Co generated $103.5M in revenue in fiscal year 2025. This represents a decrease of 18.0% from the prior year.

EBITDA
-$79.2M
YoY+59.7%

Blink Charging Co's EBITDA was -$79.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 59.7% from the prior year.

Net Income
-$83.4M
YoY+57.9%

Blink Charging Co reported -$83.4M in net income in fiscal year 2025. This represents an increase of 57.9% from the prior year.

EPS (Diluted)
$-0.76
YoY+62.0%

Blink Charging Co earned $-0.76 per diluted share (EPS) in fiscal year 2025. This represents an increase of 62.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$40.6M
YoY+28.7%

Blink Charging Co generated -$40.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 28.7% from the prior year.

Cash & Debt
$39.6M
YoY-5.3%
5Y CAGR+12.1%
10Y CAGR+70.6%

Blink Charging Co held $39.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
142M
YoY+39.4%
5Y CAGR+31.6%

Blink Charging Co had 142M shares outstanding in fiscal year 2025. This represents an increase of 39.4% from the prior year.

Margins & Returns

Gross Margin
24.6%
YoY-5.2pp
5Y CAGR+0.3pp
10Y CAGR-3.0pp

Blink Charging Co's gross margin was 24.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 5.2 percentage points from the prior year.

Operating Margin
-81.2%
YoY+79.8pp
5Y CAGR+204.7pp
10Y CAGR+204.8pp

Blink Charging Co's operating margin was -81.2% in fiscal year 2025, reflecting core business profitability. This is up 79.8 percentage points from the prior year.

Net Margin
-80.5%
YoY+76.5pp
5Y CAGR+205.9pp
10Y CAGR+137.6pp

Blink Charging Co's net profit margin was -80.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 76.5 percentage points from the prior year.

Return on Equity
-129.3%
YoY+37.6pp
5Y CAGR-63.6pp

Blink Charging Co's ROE was -129.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 37.6 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$9.7M
YoY+12.7%
5Y CAGR+30.7%

Blink Charging Co invested $9.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 12.7% from the prior year.

BLNK Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $20.8M-23.2% $27.0M0.0% $27.0M-5.7% $28.7M+38.4% $20.7M-31.4% $30.2M+19.8% $25.2M-24.3% $33.3M
Cost of Revenue $14.1M-37.9% $22.8M+28.4% $17.7M-25.7% $23.9M+74.9% $13.6M+123.9% -$57.1M-455.5% $16.1M-28.7% $22.5M
Gross Profit $6.6M+55.3% $4.3M-54.2% $9.3M+93.0% $4.8M-31.6% $7.1M+60.9% $4.4M-51.8% $9.1M-14.9% $10.7M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $4.6M N/A $5.5M-53.8% $11.8M+33.2% $8.9M+138.0% -$23.3M-392.6% $8.0M-0.4% $8.0M
Operating Income -$11.8M+64.0% -$32.7M-7151.9% -$451K+98.5% -$29.6M-38.3% -$21.4M+72.2% -$76.8M+12.9% -$88.2M-327.3% -$20.6M
Interest Expense N/A N/A $13K-81.7% $71K+226.8% -$56K-227.3% $44K+2300.0% -$2K+95.7% -$46K
Income Tax $29K N/A $40K-57.9% $95K+239.3% $28K-94.2% $482K+2777.8% -$18K-111.0% $164K
Net Income -$11.6M+64.7% -$32.7M-37961.6% -$86K+99.7% -$32.0M-52.1% -$21.0M+71.4% -$73.5M+15.9% -$87.4M-335.7% -$20.1M
EPS (Diluted) $-0.08+71.4% $-0.28 $0.00+100.0% $-0.28-33.3% $-0.21 N/A $-0.86-330.0% $-0.20

BLNK Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $133.2M-9.7% $147.5M-13.9% $171.3M+1.7% $168.4M-15.4% $199.1M-7.4% $215.0M-29.0% $303.0M-20.3% $380.3M
Current Assets $76.1M-14.8% $89.3M-8.7% $97.9M-0.6% $98.5M-20.0% $123.1M-11.8% $139.5M-13.0% $160.3M-7.5% $173.2M
Cash & Equivalents $38.0M-4.0% $39.6M+71.2% $23.1M-8.7% $25.3M-39.9% $42.1M+0.9% $41.8M-11.9% $47.4M-15.0% $55.8M
Inventory $12.0M-14.9% $14.2M-55.0% $31.4M-3.9% $32.7M-15.8% $38.8M+6.1% $36.6M-13.5% $42.3M-4.8% $44.5M
Accounts Receivable $19.1M-35.3% $29.5M-12.6% $33.8M-2.6% $34.7M-7.8% $37.6M-10.6% $42.1M-13.6% $48.7M-1.8% $49.6M
Goodwill $1.7M0.0% $1.7M-91.1% $19.6M+9.7% $17.9M0.0% $17.9M0.0% $17.9M-76.4% $75.8M-47.7% $144.9M
Total Liabilities $79.1M-4.6% $83.0M+3.1% $80.5M-17.6% $97.7M+1.2% $96.5M-3.0% $99.5M-8.3% $108.5M+6.5% $101.9M
Current Liabilities $61.9M-2.5% $63.5M+3.9% $61.1M+5.4% $58.0M+1.1% $57.4M-3.6% $59.5M-6.6% $63.7M+3.7% $61.4M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $54.0M-16.2% $64.5M-29.0% $90.8M+28.3% $70.8M-30.9% $102.3M-13.8% $118.7M-39.0% $194.5M-30.1% $278.4M
Retained Earnings -$834.0M-1.4% -$822.4M-4.3% -$788.6M0.0% -$788.5M-4.2% -$756.6M-2.4% -$739.0M-11.6% -$662.3M-15.2% -$575.0M

BLNK Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $671K-1.8% $683K+122.6% -$3.0M+80.5% -$15.5M-19.0% -$13.0M+3.2% -$13.5M-48.0% -$9.1M-113.5% -$4.3M
Capital Expenditures $1.6M-70.2% $5.5M N/A N/A $1.1M+213.2% -$960K-196.7% $993K-82.7% $5.8M
Free Cash Flow -$961K+80.0% -$4.8M N/A N/A -$14.1M+2.1% -$14.4M-43.0% -$10.1M-0.7% -$10.0M
Investing Cash Flow -$1.7M+36.7% -$2.6M-347.1% $1.1M+146.9% -$2.3M-118.3% $12.4M+34.1% $9.2M+12734.2% -$73K+98.0% -$3.7M
Financing Cash Flow -$10K-100.1% $18.4M+204566.7% -$9K0.0% -$9K-101.0% $883K-32.7% $1.3M+606.6% -$259K+96.2% -$6.8M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

BLNK Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 31.9%+16.1pp 15.8%-18.7pp 34.5%+17.7pp 16.9%-17.3pp 34.1%+19.6pp 14.6%-21.6pp 36.2%+4.0pp 32.2%
Operating Margin -56.7%+64.3pp -121.0%-119.3pp -1.7%+101.4pp -103.1%+0.1pp -103.2%+151.4pp -254.6%+95.7pp -350.3%-288.2pp -62.1%
Net Margin -55.6%+65.4pp -121.0%-120.7pp -0.3%+111.2pp -111.5%-10.1pp -101.4%+142.2pp -243.6%+103.4pp -347.0%-286.6pp -60.3%
Return on Equity -21.4%+29.4pp -50.8%-50.7pp -0.1%+45.1pp -45.2%-24.6pp -20.5%+41.4pp -61.9%-17.0pp -44.9%-37.7pp -7.2%
Return on Assets -8.7%+13.5pp -22.2%-22.1pp -0.1%+18.9pp -19.0%-8.4pp -10.5%+23.6pp -34.2%-5.3pp -28.8%-23.6pp -5.3%
Current Ratio 1.23-0.2 1.41-0.2 1.60-0.1 1.70-0.4 2.15-0.2 2.35-0.2 2.52-0.3 2.82
Debt-to-Equity 1.47+0.2 1.29+0.4 0.89-0.5 1.38+0.4 0.94+0.1 0.84+0.3 0.56+0.2 0.37
FCF Margin -4.6%+13.1pp -17.8% N/A N/A -68.1%-20.3pp -47.8%-7.7pp -40.1%-10.0pp -30.1%

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