BLNK Blink Charging Co.

Overview and Growth

Fiscal 2025 results for Blink Charging Co. combined $103.52M of revenue with net loss of $83.39M and an operating cash outflow of $30.86M. At $103.52M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line contracted 18.0% from $126.20M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. The company reported diluted EPS of -$0.76, adding a shareholder-level measure to the absolute income figures considered below. Total assets stood at $147.45M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 0.7x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $25.50M as gross profit before recognizing operating expenses and other items. Gross margin was 24.6%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was an operating loss of $84.10M, reflecting costs that exceeded gross profit. An operating margin of -81.2% reflected costs exceeding revenue-level gross profit by 81.2% of sales. After all below-operating-line items, the company recorded a net loss of $83.39M for the fiscal year. Measured against revenue, the bottom-line deficit represented 80.5% after all recognized items. EBITDA was negative $74.50M, showing a deficit before interest, taxes, depreciation, and amortization. The company reported a pretax loss of $83.07M, before the effect of income taxes. Pretax margin was -80.2%, reflecting a pre-tax loss equal to 80.2% of revenue. Income tax expense totaled $317.00K, providing the reported tax component that separates pretax and after-tax earnings. Relative to period-end equity, the net loss represented 129.3%. The net loss equaled 56.6% of period-end assets, showing the deficit relative to the asset base. The bottom-line deficit decreased from $201.32M in fiscal 2024 to $83.39M.

Liquidity and Capital Structure

The company held $147.45M of assets against $82.96M of liabilities and $64.49M of equity, revealing how the asset base was financed. The near-term balance sheet paired $89.32M of current assets with $63.47M of current liabilities at the reporting date. The current ratio was 1.41x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $39.57M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 62.3% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Book equity represented 43.7% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 56.3%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 26.8% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $217.99M in fiscal 2024, the current asset base moved 32.4% and finished lower. Book equity was 45.7% lower than fiscal 2024 equity of $118.70M, showing how shareholder capital changed year over year. The reported cash balance changed 5.3% from $41.77M in fiscal 2024, ending lower year over year.

Cash Flow and Earnings Quality

Operating activities used $30.86M of cash, resulting in an operating cash outflow for the year. Capital expenditures used $9.71M in addition to the operating cash outflow, increasing the total cash consumed by operations and investment during the period. Operating cash flow and capital spending combined to leave a $40.56M cash deficit after capital spending. Relative to revenue, the post-investment cash deficit represented 39.2%. The free-cash-flow deficit equaled 27.5% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.