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olivLaw · US equity research

Blink Charging Co. BLNK

Miscellaneous Electrical Machinery, Equipment & Supplies · SIC 3690 · Vertical: Miscellaneous Electrical Machinery, Equipment & Supplies (SIC 3690)

0.45USD+6.12% · 1 dayClose 04 Nov 2026

Blink Charging is an owner, operator and provider of electric vehicle charging equipment and networked services in the US and internationally, with a proprietary cloud network and recurring service revenue. In 2026 the company is trying to shift from rapid expansion to higher-quality revenue and profitability, and its full-year revenue guidance was lowered to 83 to 90 million USD.

At the close of 04 Nov 2026, Blink Charging Co. (BLNK) stock was 0.45 USD (+6.12% on the day), with market capitalisation 65.4 m USD, beta 1.97, 52-week range 0.38–1.64 USD. Latest reported quarter (Q2 2026): revenue of 21.7 m USD (−24.4% YoY), net income of -6.0 m USD, diluted EPS -0.04 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
65.4 m USD
shares as of 04 Aug 2026
P/E (TTM)
unavailable
Diluted EPS TTM -0.40 · TTM to 30 Jun 2026
E/P (TTM)
-88.69%
TTM to 30 Jun 2026
Dividend yield
unavailable
Beta (2y)
1.97
Volatility (1y) 82%
52-week range
0.381.64

Price history

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Technical reading

RSI (14)
50.0
neutral
Bollinger (20, 2)
0.36 – 0.49
in the upper half of the band · %B 0.69 · band width 29.2%
SMA 50 / 200
0.50 / 0.63
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.03 / -0.03
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−18.0%−1.1%−16.9 pp—
3 months−18.6%−0.5%−18.1 pp—
6 months−47.5%+4.4%−51.9 pp—
Year to date−32.4%+12.3%−44.7 pp—
1 year−69.5%+13.5%−83.1 pp−59.3%
3 years−83.4%+76.4%−159.8 pp−43.2%
5 years−98.6%+63.7%−162.2 pp—
Max drawdown (1y)
−77.0%
05 Nov 2025 → 26 Oct 2026
Max drawdown (5y)
−99.2%
15 Nov 2021 → 26 Oct 2026
Compound annual growth (5y)
−57.2%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
21.7 m USD
−24.4% YoY
Net income
-6.0 m USD
unavailable YoY
Diluted EPS
-0.04
unavailable YoY
net / operating
-27.9% / -28.7%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue25.2 m30.2 m20.7 m28.7 m27.0 m27.0 m20.8 m21.7 m
Cost of revenue16.1 m23.6 m13.6 m23.9 m17.7 m22.8 m14.1 m13.2 m
Gross profit9.1 m4.4 m7.1 m4.8 m9.3 m4.3 m6.6 m8.4 m
Operating income-88.2 m-76.8 m-21.4 m-29.6 m-451.0 k-32.7 m-11.8 m-6.2 m
Depreciation & amortisation3.0 m ≈-2.7 m3.0 m2.6 m ≈2.6 m ≈-3.3 m2.3 m2.8 m ≈
Pre-tax income-87.4 m-76.2 m-21.0 m-29.2 m-46.0 k-30.5 m-11.5 m-6.0 m
Income tax-18.0 k482.0 k28.0 k95.0 k40.0 k154.0 k29.0 k64.0 k
Net income-87.4 m-76.7 m-21.0 m-29.3 m-86.0 k-32.7 m-11.6 m-6.0 m
Diluted EPS-0.86-0.76 ≈-0.21-0.280.00-0.28-0.08-0.04
Operating cash flow-9.1 m ≈-13.5 m-13.0 m-15.5 m ≈-3.0 m ≈683.0 k671.0 k-4.1 m ≈
Capex993.0 k ≈-960.0 k1.1 m2.5 m ≈683.0 k ≈5.5 m1.6 m-678.0 k ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue2.7 m2.7 m6.2 m20.9 m61.1 m140.6 m126.2 m103.5 m
Revenue YoY+7.4%+1.9%+127.7%+236.1%+192.0%+130.0%−10.2%−18.0%
Net income-3.4 m-9.6 m-17.8 m-55.1 m-91.6 m-203.7 m-201.3 m-83.4 m
Net income YoYunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
Diluted EPS-1.30-0.37-0.59-1.32-1.94-3.21-2.00-0.76
Diluted EPS YoYunavailableunavailableunavailableunavailableunavailableunavailableunavailableunavailable
net %-127.4%-352.5%-286.4%-263.2%-149.8%-144.9%-159.5%-80.5%
Free cash flow-13.6 m-11.3 m-20.6 m-47.6 m-87.6 m-105.1 m-56.9 m-40.6 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
39.6 m USD
Financial debt
unavailable USD
Net debt
unavailable USD
Equity
64.5 m USD
Total assets
147.5 m USD
Debt / equity
unavailable
Current ratio
1.41x
ROE
-91.0%
ROA
-46.0%
FCF margin
-39.2%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
140.6 m
2024
126.2 m
2025
103.5 m

SEC (XBRL)· 31 Mar 2026verified

Cost of revenue
2023
100.4 m
2024
86.4 m
2025
78.0 m

SEC (XBRL)· 31 Mar 2026verified

Gross profit
2023
40.2 m
2024
37.6 m
2025
25.5 m

SEC (XBRL)· 31 Mar 2026verified

SG&A
2023
—
2024
459.0 k
2025
—

SEC (XBRL)· 09 Apr 2025verified

Operating income
2023
-199.6 m
2024
-203.2 m
2025
-84.1 m

SEC (XBRL)· 31 Mar 2026verified

Depreciation & amortisation
2023
4.9 m
2024
6.8 m
2025
4.9 m

SEC (XBRL)· 31 Mar 2026verified

EBITDA
2023
-194.7 m ≈
2024
-196.4 m ≈
2025
-79.2 m ≈

SEC (XBRL)· 31 Mar 2026derived

Pre-tax income
2023
-202.2 m
2024
-200.7 m
2025
-83.1 m

SEC (XBRL)· 31 Mar 2026verified

Income tax
2023
1.5 m
2024
656.0 k
2025
317.0 k

SEC (XBRL)· 31 Mar 2026verified

Net income
2023
-203.7 m
2024
-201.3 m
2025
-83.4 m

SEC (XBRL)· 31 Mar 2026verified

Diluted EPS
2023
-3.21
2024
-2.00
2025
-0.76

SEC (XBRL)· 31 Mar 2026verified

Weighted average diluted shares
2023
63.5 m
2024
100.8 m
2025
109.1 m

SEC (XBRL)· 31 Mar 2026verified

Balance sheet · USD

Cash
2023
98.7 m
2024
41.8 m
2025
39.6 m

SEC (XBRL)· 31 Mar 2026verified

Receivables
2023
45.4 m
2024
42.1 m
2025
29.5 m

SEC (XBRL)· 31 Mar 2026verified

Inventories
2023
47.9 m
2024
36.6 m
2025
14.2 m

SEC (XBRL)· 31 Mar 2026verified

Current assets
2023
221.7 m
2024
139.5 m
2025
89.3 m

SEC (XBRL)· 31 Mar 2026verified

Property, plant & equipment, net
2023
35.1 m
2024
37.4 m
2025
42.7 m

SEC (XBRL)· 31 Mar 2026verified

Goodwill
2023
144.9 m
2024
17.9 m
2025
1.7 m

SEC (XBRL)· 31 Mar 2026verified

Intangibles (excl. goodwill)
2023
16.3 m
2024
10.4 m
2025
6.6 m

SEC (XBRL)· 31 Mar 2026verified

Total assets
2023
428.5 m
2024
215.0 m
2025
147.5 m

SEC (XBRL)· 31 Mar 2026verified

Accounts payable
2023
31.2 m
2024
28.9 m
2025
28.4 m

SEC (XBRL)· 31 Mar 2026verified

Current liabilities
2023
69.7 m
2024
59.5 m
2025
63.5 m

SEC (XBRL)· 31 Mar 2026verified

Total liabilities
2023
139.1 m
2024
99.5 m
2025
83.0 m

SEC (XBRL)· 31 Mar 2026verified

Equity
2023
289.4 m †
2024
118.7 m †
2025
64.5 m †

SEC (XBRL)· 31 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
-97.6 m
2024
-48.3 m
2025
-30.9 m

SEC (XBRL)· 31 Mar 2026verified

Capex
2023
7.6 m
2024
8.6 m
2025
9.7 m

SEC (XBRL)· 31 Mar 2026verified

Free cash flow
2023
-105.1 m ≈
2024
-56.9 m ≈
2025
-40.6 m ≈

SEC (XBRL)· 31 Mar 2026derived

Investing cash flow
2023
-36.2 m
2024
5.3 m
2025
8.5 m

SEC (XBRL)· 31 Mar 2026verified

Financing cash flow
2023
197.3 m
2024
-12.4 m
2025
19.3 m

SEC (XBRL)· 31 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
-18.0%
computed by olivLawFY 2025
Revenue CAGR 3Y
19.2%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
75.4%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
the base of the ratio is not positive
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
29.7%
computed by olivLawTTM to 30 Jun 2026
EBITDA margin
-48.5%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
-53.0%
computed by olivLawTTM to 30 Jun 2026
Net margin
-52.2%
computed by olivLawTTM to 30 Jun 2026
FCF margin
-13.3%
computed by olivLawTTM to 30 Jun 2026

Returns

ROE
-79.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
-34.7%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
-83.1%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
unavailable
the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used

Liquidity

Current ratio
1.2x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.6x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
-5.7 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
7.1 m USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
-12.8 m USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
insufficient data

Efficiency

Days sales outstanding
101 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days payables outstanding
144 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026

Market and valuation

Market capitalisation
65.4 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-88.7%
computed by olivLawTTM to 30 Jun 2026
P/B
1.4x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
0.7x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
the base of the ratio is not positive
FCF yield
-19.6%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

4 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

0.45 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 65.4 m USD

Key indicators

Market capitalisation
65.4 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
1.4x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
-79.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
-52.2%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
-18.0%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

29/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 04 Aug 2026
Source: SEC (XBRL)published 07 Aug 2026
verified 2007derived 170

Score by group

72% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
  • Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)

no valuation method could be computed

Multiple comparisons use the SIC vertical: Miscellaneous Electrical Machinery, Equipment & Supplies (SIC 3690)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
Gross margin · Quality29.7%0 (on a fixed band)15%
EBIT margin · Quality-53.0%44 (vs peers)12%
FCF margin · Quality-13.3%0 (on a fixed band)12%
Revenue CAGR 3Y · Growth19.2%77 (on a fixed band)24%
Revenue growth (YoY) · Growth-18.0%19 (vs peers)12%
Net debt / EBITDA · Balance sheetunavailableunavailable—
Current ratio · Balance sheet1.2x22 (on a fixed band)9%
EV/Sales · Valuationunavailableunavailable—
FCF yield · Valuation-19.6%0 (on a fixed band)18%
Shareholder yield (distributions) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial22/100 · 1/2 factors with a value
  • Growth58/100 · 2/2 factors with a value
  • Quality14/100 · 3/3 factors with a value
  • Returns· partialunavailable · 0/1 factors with a value
  • Valuation· partial0/100 · 1/2 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

Blink Charging Co. (BLNK). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 103.5 m USD in 2025; YoY growth -18.0%; net margin -52.2%; ROE -79.9%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Revenue CAGR 3Y: 19.2%

What contradicts it

  • Gross margin: 29.7%
  • FCF margin: -13.3%
  • Revenue growth (YoY): -18.0%
  • Current ratio: 1.2x
  • FCF yield: -19.6%

Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).

Versus the vertical median

Miscellaneous Electrical Machinery, Equipment & Supplies (SIC 3690) · same industry (4-digit SIC) · compared with 38 companies

Multiples and returns vs the median

P/E
—
vertical median 21.3x
EV/EBITDA
—
vertical median 11.5x
P/S
0.7x
vertical median 1.4x
below median (−51.3%)
P/B
1.4x
vertical median 1.8x
below median (−22.1%)
ROE
-79.9%
vertical median -36.1%
below median
Net margin
-52.2%
vertical median -51.4%
at median
EBIT margin
-53.0%
vertical median -41.2%
below median
Revenue YoY
-18.0%
vertical median 9.0%
below median (−300.7%)
Net debt/EBITDA
—
vertical median 1.2x
Dividend yield
—
vertical median 1.7%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
ENSEnerSys5.6 bn16.718.4%9.3%+3.7%+9% / +76%
NOVTNovanta Inc.5.5 bn92.85.1%6.0%+3.3%+28% / +1%
ATKRAtkore Inc.3.2 bn—-11.9%-5.5%−11.0%+37% / −24%
SPBSpectrum Brands Holdings, Inc.2.1 bn28.04.2%2.8%−5.2%+54% / +32%
NVXNOVONIX Ltd1.9 bn—-62.0%-1,650.8%−4.1%−81% / −88%
ENREnergizer Holdings, Inc.1.7 bn21.342.2%2.7%+2.3%+38% / −18%
AMPXAmprius Technologies, Inc.1.2 bn—-36.1%-33.4%+202.1%−25% / +106%
EMATEvolution Metals & Technologies Corp.1.2 bn———unavailableunavailable / unavailable
EOSEEos Energy Enterprises, Inc.779.3 m——-246.8%+631.8%−86% / +95%
ENVXEnovix Corporation612.3 m—-82.2%-473.9%+37.9%−64% / −75%
NRGVEnergy Vault Holdings, Inc.578.2 m—-225.9%-48.6%+340.9%−8% / +38%
SLDPSolid Power, Inc.515.7 m—-20.5%-1,152.2%+8.0%−57% / +60%
FLNCFluence Energy, Inc.312.1 m—-20.7%-3.1%−16.1%−69% / −76%
CHPTChargePoint Holdings, Inc.306.4 m—-1,015.1%-40.6%−1.4%+39% / −69%
SESSES AI Corporation286.4 m—-31.2%-289.6%+929.4%−60% / −63%
ULBIEnerSys260.3 m1.4-4.8%-3.5%+16.2%+175% / +109%
MVSTMicrovast Holdings, Inc.255.7 m—11.4%13.9%+12.6%−81% / −43%
ELVAElectrovaya Inc.173.4 m—-673.8%-3.4%+170.8%+7% / +94%
ELPWElong Power Holding Ltd.145.7 m——-271.3%+430.7%−100% / −100%
NEOVNeoVolta, Inc.134.6 m—-101.1%-161.0%+58.2%−44% / +28%
GAUZGauzy Ltd.127.5 m——-51.4%+32.8%−86% / unavailable
BYRNByrna Technologies Inc.97.4 m—-14.9%-9.2%+37.7%−77% / −29%
EPOWE-Power Inc.88.8 m——-35.8%−28.6%−88% / −87%
BLNKBlink Charging Co.65.4 m—-79.9%-52.2%−18.0%−70% / −83%
STISolidion Technology, Inc.37.8 m—-1,382.4%-23,852.8%unavailable−59% / −99%

1- and 3-year price returns: for BLNK from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    In brief

    Blink Charging is an owner, operator and provider of electric vehicle charging equipment and networked services in the US and internationally, with a proprietary cloud network and recurring service revenue. In 2026 the company is trying to shift from rapid expansion to higher-quality revenue and profitability, and its full-year revenue guidance was lowered to 83 to 90 million USD 3.

    SWOT

    Strengths

    • Proprietary cloud-based network software, long-term contracts with property owners and an owner-operator model that allows control over pricing and quality 1.
    • Gross margin improved in the second quarter of 2026, supported by portfolio optimization and contract manufacturing 3.
    • Relatively steady service revenue provides a more predictable base than equipment sales 3.

    Weaknesses

    • Substantial historical net losses and an accumulated deficit, with profitability not yet achieved 1.
    • Dependence on a limited number of vendors for equipment and maintenance services 1.
    • The number of chargers connected to the network declined between year-end 2025 and mid-2026 12.

    Opportunities

    • Growth in fast charging and demand for energy and fleet management could open new recurring revenue streams 13.
    • A shift toward high-power equipment could support more profitable contracts at high-utilization locations 1.
    • If cost reductions hold, the company could reach adjusted EBITDA breakeven by the end of 2026 3.

    Threats

    • A slowdown in EV adoption could reduce demand for charging and equipment 1.
    • Rising competition and new entrants could pressure prices and margins 2.
    • Geopolitical tensions and tariffs could disrupt the supply of electronic components 1.

    Risks

    • Persistent net losseshigh

      If revenue grows more slowly than expected or costs stay high, the company could fail to reach profitability.

    • Need for additional capitalhigh

      Additional funding may not be available on acceptable terms, and issuing equity could dilute existing shareholders 1.

    • Lower revenue outlook for 2026medium

      The guidance was substantially reduced, showing difficulty in reaching the original targets 3.

    • Supplier dependencemedium

      Without tested alternatives for key vendors, installations could be delayed and costs could rise 1.

    • Quarterly volatilitylow

      Quarterly results can fluctuate substantially, and period comparisons are not always meaningful 1.

    Investment thesis

    What would need to be true (bull case)

    • If gross margin and expense reductions hold, the company could show visible improvement in its 2027 results.
    • Growth in recurring services and managed energy could stabilize revenue and reduce reliance on equipment sales.
    • The proprietary network and owner-operator model could offer an advantage if utilization rises in high-demand areas.

    What would break the thesis

    • Historical net losses and funding needs could force new share issuances with dilutive effect.
    • A decline in connected chargers and a lower revenue outlook could point to demand or execution problems.
    • Rising competition could limit prices and margins, especially if new operators fund charging networks quickly.

    What to watch

    • Delivery against the 83 to 90 million USD revenue guidance2026
    • Reaching adjusted EBITDA breakeven by year-end2026
    • Formal revenue guidance for 20272027
    • Trend in connected chargers and service revenueQ3 2026

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    The business

    Blink Charging Co. operates through consolidated subsidiaries and offers EV charging equipment as well as cloud-based network services that enable remote monitoring, management and payment processing 1. Its business models are Blink-owned turnkey, Blink-owned hybrid and host-owned, which differ in who bears installation costs and how revenue is shared 1. At December 31, 2025 about 66,350 chargers were connected to the Blink Network, falling to 48,015 by June 30, 2026 12.

    Market context

    According to data cited in the annual report, about 25% of new vehicles sold globally in 2025 were electric 1. In the US, 18,041 new DC fast charging ports were added in 2025, and 70,007 public DC ports existed at year-end 1. Average utilization was 16.4% in the fourth quarter of 2025, suggesting new capacity was absorbed without a material decline 1.

    Public fast charging prices remained relatively stable in 2025, and fixed per-kilowatt-hour pricing accounted for about 80% of pricing structures nationwide 1. The market remains fragmented, with wide variation between states and the highest utilization in dense metropolitan areas and along major corridors 1.

    Trends

    • Growing EV adoptiontailwind

      Continued adoption expands demand for charging, which could support equipment and service volumes if the pace holds.

    • Cost and supply chain pressureheadwind

      Tariffs, chip shortages and reliance on limited suppliers can raise costs, and passing them on to customers is not always immediate 1.

    • Regulation and fuel economy standardsmixed

      Changes to fuel economy standards or tax incentives can influence EV demand and therefore charging needs 1.

    Competitive position

    The EV charging market is highly competitive, and the source notes that new entrants could add pressure. Competition centers on product performance, total cost of ownership, sales capabilities, brand recognition and customer experience 2.

    Blink differentiates through its owner-operator model, which lets it control station settings, pricing and maintenance, together with its own software platform 1. It nevertheless depends on a limited number of equipment vendors 1.

    • Tesla, Inc. (Supercharger network)TSLA

      Referred to in the source through non-Tesla deployment data and the NACS connector standard, making it a major player in US fast charging 1.

    • Private public fast charging network operators

      The private operators that funded most new US DC ports in 2025 form the main competitor group for public stations 1.

    • Charging hardware manufacturers

      Hardware suppliers competing on performance, reliability and cost, including in the Level 2 commercial segment 2.

    • Fleet and energy management software providers

      Providers of fleet and energy management software are an indirect competitor for the company's newer services 2.

    News & filings

    In the press

    The latest news item in our archive is from 22 Oct 2026; the newest SEC filing is from 02 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.

    SEC filings

    Sources

    1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Blink Charging Co. · 31 Mar 2026
    2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Blink Charging Co. · 07 Aug 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Blink Charging Co. · 06 Aug 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.