What are the investment strengths of Blink Charging Co (BLNK)?

Trading at 0.67x P/S TTM vs industry median 2.03x and 0.79x P/B — if the company survives, deep discount to book and sales offers asymmetric upside. 5Y revenue CAGR of 97.3% (vs industry median 9.2%) with minimal debt (D/E 0.09) means the growth engine exists and balance sheet isn't over-leveraged.

What are the investment risks for Blink Charging Co (BLNK)?

FCF of -47.2M TTM against 23.1M cash is an existential threat. Zero recent equity issuance suggests dilution or debt raise is imminent, crushing per-share value. ROIC of -82.8% and ROE of -88.5% TTM — both ~3-4x worse than industry medians — indicate the business model destroys capital at scale.

Blink Charging Co

BLNK

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Blink Charging Co AI Insights

Informational only. Not investment advice.

As of 2026-03-12

Snapshot

Cash of 23.1M vs FCF burn of -47.2M TTM implies ~6 months of runway without new capital raises or drastic cost cuts.[Cash and Equivalents]
Market cap of 71.7M is below tangible book of 62.7M (P/B 0.79 TTM) — market prices in continued value destruction.[Price to Book Ratio]
5Y revenue CAGR of 97.3% yet operating margin is -73.7% TTM — hypergrowth has not translated to operating leverage.[Operating Margin]

Watch Triggers

Cash and Equivalents: Falls below 15M or new equity/debt issuance announced — At -47.2M FCF burn, sub-15M cash triggers going-concern risk and likely dilutive raise.
Gross Margin TTM: Rises above 35% for two consecutive quarters — Would signal unit economics improving enough to potentially reach operating breakeven at scale.
Operating Expense TTM: Drops below 80M while revenue holds above 100M — OpEx cuts to this level would halve operating losses and extend cash runway materially.

Bull Case

Trading at 0.67x P/S TTM vs industry median 2.03x and 0.79x P/B — if the company survives, deep discount to book and sales offers asymmetric upside.

Price to Sales RatioPrice to Book RatioTangible Book Value

5Y revenue CAGR of 97.3% (vs industry median 9.2%) with minimal debt (D/E 0.09) means the growth engine exists and balance sheet isn't over-leveraged.

Total Revenue 5Y GrowthDebt to EquityTotal Revenue TTM

Bear Case

FCF of -47.2M TTM against 23.1M cash is an existential threat. Zero recent equity issuance suggests dilution or debt raise is imminent, crushing per-share value.

Free Cash Flow TTMCash and EquivalentsIssuance of Capital Stock

ROIC of -82.8% and ROE of -88.5% TTM — both ~3-4x worse than industry medians — indicate the business model destroys capital at scale.

ROIC TTMROE TTMOperating Margin TTM

Bull vs Bear Balance

AI-generated sentiment analysis based on fundamental metrics and market conditions.

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Forward Thesis

BLNK faces a liquidity crisis within 12 months unless it raises capital or reaches cash-flow breakeven.

3-12mhigh

Cash of 23.1M covers ~6 months of -47.2M annual FCF burn
No capital stock issuance in latest period; debt only 8M
OpEx of 104.7M TTM dwarfs 106.3M revenue

FCF TTM: -47.2M; Cash: 23.1MIssuance of Capital Stock: $0 latest periodOperating Expense TTM: 104.7M vs Revenue 106.3M

Gross margin of 24.8% TTM must expand above 40% for any path to profitability at current scale.

1-3ymed

OpEx alone (104.7M) nearly equals total revenue
COGS of 80M leaves only 26.3M gross profit
ROIC of -82.8% TTM shows capital is being destroyed

Gross Margin TTM: 24.8% vs median 50.6%ROIC TTM: -82.8% vs industry median -21.9%Net Margin TTM: -118.8%

Valuation Context

Caveats

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BLNK Fundamentals

Professional, Scientific, and Technical Services → Professional, Scientific, and Technical Services

Metric	Value	YoY Growth	Industry Percentile
Market Cap	$70.42M		—
Enterprise Value	$38.81M		—
P/E Ratio	0.00		—
Total Revenue - TTM	$103.21M	-17.1%	—
Earnings Per Share (diluted) - TTM	$-0.76		—
Operating Margin - TTM	-72.4%	-16.1%	—
Net Margin - TTM	-80.8%	+78.4%	—
Free Cash Flow - TTM	$-40.77M		—
Return on Common Equity - TTM	-92.7%	+4.5%	—
Beta 5Y (Monthly)	unknown		—

BLNK Dividend History

No dividends

BLNK Stock Splits

2 stock splits

08/29/1750:1 split

02/25/1150:1 split

BLNK SEC Filings

Filing Date	Report Date	Report Type	Filing Link
03/31/26	12/31/25	10-K	0001493152-26-014238
11/07/25	09/30/25	10-Q	0001493152-25-021197
08/18/25	06/30/25	10-Q	0001641172-25-024633
05/12/25	03/31/25	10-Q	0001641172-25-009753
04/09/25	12/31/24	10-K	0001641172-25-003286
11/12/24	09/30/24	10-Q	0001493152-24-044796
08/09/24	06/30/24	10-Q	0001493152-24-030968
05/10/24	03/31/24	10-Q	0001493152-24-018649
03/18/24	12/31/23	10-K	0001493152-24-010214
11/13/23	09/30/23	10-Q	0001493152-23-040631
08/09/23	06/30/23	10-Q	0001493152-23-027376
05/10/23	03/31/23	10-Q	0001493152-23-016159
03/14/23	12/31/22	10-K	0001493152-23-007639
11/09/22	09/30/22	10-Q	0001493152-22-031127
08/09/22	06/30/22	10-Q	0001493152-22-021758
05/10/22	03/31/22	10-Q	0001493152-22-012684
03/16/22	12/31/21	10-K	0001493152-22-007015
11/12/21	09/30/21	10-Q	0001493152-21-028189
08/13/21	06/30/21	10-Q	0001493152-21-019595
05/13/21	03/31/21	10-Q	0001493152-21-011337
03/31/21	12/31/20	10-K	0001493152-21-007550
11/13/20	09/30/20	10-Q	0001493152-20-021359
08/13/20	06/30/20	10-Q	0001493152-20-015524
05/13/20	03/31/20	10-Q	0001493152-20-008504
04/02/20	12/31/19	10-K	0001493152-20-005717
11/13/19	09/30/19	10-Q	0001493152-19-016944
08/14/19	06/30/19	10-Q	0001493152-19-012332
05/15/19	03/31/19	10-Q	0001493152-19-007534
04/01/19	12/31/18	10-K	0001493152-19-004595
11/14/18	09/30/18	10-Q	0001493152-18-016128
08/13/18	06/30/18	10-Q	0001493152-18-011561
05/15/18	03/31/18	10-Q	0001493152-18-007154
04/17/18	12/31/17	10-K	0001493152-18-005373
11/20/17	09/30/17	10-Q	0001493152-17-013634
08/21/17	06/30/17	10-Q	0001493152-17-009608
05/15/17	03/31/17	10-Q	0001493152-17-005376
04/14/17	12/31/16	10-K	0001493152-17-003856
11/21/16	09/30/16	10-Q	0001493152-16-015362
08/15/16	06/30/16	10-Q	0001493152-16-012516
08/04/16	03/31/16	10-Q	0001493152-16-011949
07/29/16	12/31/15	10-K	0001493152-16-011853
05/23/16	09/30/15	10-Q	0001493152-16-010161
04/14/16	06/30/15	10-Q	0001493152-16-008914
03/30/16	03/31/15	10-Q	0001493152-16-008362
12/08/15	12/31/14	10-K	0001493152-15-006109
06/18/15	09/30/14	10-Q	0001144204-15-037926
08/22/14	06/30/14	10-Q	0001144204-14-052075
06/06/14	03/31/14	10-Q	0001213900-14-004025
05/05/14	12/31/13	10-K	0001213900-14-002837
11/14/13	09/30/13	10-Q	0001213900-13-006511
08/20/13	06/30/13	10-Q	0001213900-13-004715
05/20/13	03/31/13	10-Q	0001213900-13-002786
04/16/13	12/31/12	10-K	0001213900-13-001885
11/14/12	09/30/12	10-Q	0001213900-12-006197
08/14/12	06/30/12	10-Q	0001213900-12-004597
05/15/12	03/31/12	10-Q	0001213900-12-002663
04/16/12	12/31/11	10-K	0001213900-12-001895
11/21/11	09/30/11	10-Q	0001213900-11-006300
08/11/11	06/30/11	10-Q	0001213900-11-004207
05/23/11	03/31/11	10-Q	0001213900-11-002884
04/13/11	12/31/10	10-K	0001213900-11-001914
11/16/10	09/30/10	10-Q	0001213900-10-004848
08/23/10	06/30/10	10-Q	0001213900-10-003484
05/24/10	03/31/10	10-Q	0001213900-10-002176
04/15/10	12/31/09	10-K	0001213900-10-001504
11/12/09	09/30/09	10-Q	0001213900-09-003110
08/03/09	06/30/09	10-Q	0001213900-09-001898
05/12/09	03/30/09	10-Q	0001213900-09-001107
03/23/09	12/31/08	10-K	0001213900-09-000602
11/03/08	09/30/08	10-Q	0001213900-08-002137
08/11/08	06/30/08	10-Q	0001213900-08-001465
05/13/08	03/30/08	Unknown	--
12/31/07	12/31/07	10-K	--
11/03/08	09/30/07	10-Q	0001213900-08-002137
08/11/08	06/30/07	10-Q	0001213900-08-001465
05/13/08	03/30/07	10-Q	0001213900-08-000869