Start here if you're new
what it is
Blink sells EV chargers, runs the software behind them, and manages charging sites for property owners and drivers.
how it gets paid
Last year Blink Charging made $126M in revenue. charging equipment sales was the main engine at $69.6M, or 55% of sales.
what just happened
Revenue hit $76M, but Blink still lost money and gross margin was only 25.0%.
At a glance
C++ balance sheet — some cracks in the foundation
30/100 earnings predictability — expect surprises
-$1.96 fy2024 eps est
$126M fy2024 rev est
n/a operating margin
xvary composite: 41/100 — below average
What they do
Blink sells EV chargers, runs the software behind them, and manages charging sites for property owners and drivers.
The moat is the installed base, not the income statement. Blink says it has contracted, sold, or deployed nearly 85,000 charging ports worldwide. If your property already uses Blink hardware and its cloud software (networked services → remote monitoring and payments → harder to rip out), switching is a parking-lot project, not an app download.
How they make money
$126M
annual revenue
charging equipment sales
$69.6M
+183.0%
network service revenue
$37.8M
+35.5%
charging station service programs
$12.6M
+35.5%
other and ancillary revenue
$6.0M
flat
The products that matter
sells charging hardware
Product sales
$14.5M in the latest quarter mix shown
This was the largest reported revenue bucket here at $14.5M, or 54% of the mix shown. Hardware gets chargers deployed, but hardware alone rarely earns premium multiples.
54% of mix shown
network fees and maintenance
Service revenues
$11.9M · +35.5%
This segment reached $11.9M and grew 35.5% from a year ago. That's the part you want to see get bigger, because recurring fees usually age better than charger sales.
fastest growth
miscellaneous revenue stream
Other revenues
$2.4M
At $2.4M, this is too small to change the thesis. It matters only if management can prove it scales into something repeatable.
too small to matter yet
Key numbers
-158.4%
operating margin
Operating margin → what the business keeps after running itself → Blink lost $1.58 from operations for every $1 it sold.
$126M
annual revenue
That is the size of the whole business today, which is small against the capital and competition needed in EV charging.
$5M
long-term debt
Long-term debt is just $5M, or 6% of capital, so the balance-sheet problem is cash burn, not leverage.
1.85
beta
Beta → how jumpy a stock is versus the market → Blink tends to move about 85% more than the market.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 5 / 100
- long-term debt $5M (6% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for BLNK right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $76M, but Blink still lost money and gross margin was only 25.0%.
Sales jumped 183% vs. prior year in the latest quarter. The problem is simple: fast growth with thin gross margin and negative EPS still does not produce a healthy business.
$31M
revenue
$0.50
eps
25.0%
gross margin
the number that mattered
Gross margin was 25.0%, and that is the filter. If hardware and services cannot earn more at the gross level, revenue growth just feeds overhead.
source: company earnings report, 2026
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What could go wrong
The #1 risk here is persistent cash burn in a low-margin EV-charging rollout.
med
The business is still losing money at an extreme rate
A -118.41% net margin on $126M revenue means losses are overwhelming the scale Blink has built so far. Annual revenue matters less when each added dollar still fails to cover overhead.
At that margin level, the company is effectively burning through roughly $149M relative to revenue generated. That's why every profitability delay matters.
med
Recurring revenue is growing, but hardware still leads the mix
Service revenue grew 35.5%, which sounds good because it is. But the latest mix shown still had $14.5M of product sales versus $11.9M of services. The higher-quality revenue stream is not dominant yet.
If services do not keep gaining mix, Blink stays stuck in a business that looks more like equipment sales than a network platform.
med
Legal and execution distractions are expensive when you are this small
The $3.75M investor-fraud class action settlement is real cash, and the Blink Mobility spin-off adds another moving part. For an $89M market cap company, side quests are not free.
These issues do not break the company alone, but they eat time, money, and trust while management still has to prove the core model works.
Blink's problem is not demand for EV charging in the abstract. It's that a 25.0% gross margin and a -n/a net margin leave almost no room for delay, miscues, or more pushed-out profitability targets.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Q4 2025 earnings report
Expected March 12–20, 2026. Consensus EPS is -$0.11. You want to hear less about future scale and more about when losses actually narrow.
trend
Service revenue mix
Service revenue is at $11.9M and growing 35.5%. If that keeps climbing faster than hardware, the business quality improves. If it stalls, the platform narrative weakens fast.
metric
Gross margin holding above 25%
Gross margin is 25.0% today. That is workable only if overhead comes down. If gross margin slips from here, profitability moves even further out.
risk
Any new push-out of EBITDA profitability
Barclays no longer models EBITDA profitability before 2027. If management pushes that timeline back again, the stock will have a hard time arguing for patience.
Analyst rankings
earnings predictability
30 / 100
This score is low. In human-speak, analysts do not trust the quarterly cadence to behave neatly.
risk profile
beta 1.85
Beta measures how much a stock moves versus the market. At 1.85, BLNK has historically moved much more than the index.
source: institutional data
Institutional activity
institutional ownership data for BLNK is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$1
current price
n/a
target midpoint · n/a from current
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