Blink Charging Co.

Listed Company

BLNKCIK 0001429764NasdaqAcceleratedMiscellaneous Electrical Machinery, Equipment & SuppliesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$103.52M

Net Income

$-83.39M

Total Assets

—

Equity

—

Shares Out

143.68M

Op. Cash Flow

$-30.86M

Business

Blink Charging Co. is an owner, operator, provider, and manufacturer of electric vehicle (EV) charging equipment and networked EV charging services. It offers Blink EV charging equipment (EVSE), DC fast chargers, Level 2 chargers, Blink Networks cloud-based management platform, a mobile app, fleet management software, maintenance programs, and EV car-sharing services through its Envoy Mobility subsidiary. Its business operates under Blink-owned turnkey, Blink-owned hybrid, and host-owned models and includes engineering, manufacturing, network operations, sales, and grant-funding teams. Blink distributes and deploys chargers and services across the United States, Europe, the United Kingdom, Latin America, and other international markets through direct sales, resellers, electrical distributors, and strategic Property Partner agreements.

Summary from filing dated 2025-04-09

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Revenues	104	124	141	—	21
Total Cost of Revenues	78	86	100	46	18
Gross Profit	26	38	40	15	3
Compensation	49	59	93	61	38
General and administrative expenses	29	32	35	28	11
Other operating expenses	21	20	18	16	10
Change in fair value of consideration payable and earn-out liabilities	−9	3	—	—	—
Impairment of goodwill	18	127	89	—	—
Impairment of intangible assets	762,000	—	5	—	—
Total Operating Expenses	110	241	240	105	59
Loss From Operations	−84	−203	−200	−90	−56
Interest income (expense)	19,000	−431,000	−4	−2	9,000
Dividend and interest income	1	3	2	454,000	294,000
Gain (loss) on extinguishment of notes payable	—	36,000	−1	—	—
Change in fair value of derivatives and other accrued liabilities	−8,000	−10,000	8,000	66,000	69,000
Total Other Income (Expense), Net	1	3	−3	−1	550,000
Loss Before Income Taxes	−83	−201	−202	−91	−55
Provision for income taxes	−317,000	−656,000	−1	−308,000	—
Net Loss	−83	−201	−204	−92	−55
Basic (per share)	−0.76	−2	−3.21	−1.94	−1.32
Diluted (per share)	−0.76	−2	−3.21	−1.94	−1.32
Basic (shares)	109	101	63	47	42
Diluted (shares)	109	101	63	47	42

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-04-30
Cash and cash equivalents	40	42	99	37	—
Marketable securities	—	14	23	—	—
Accounts receivable, net	30	42	45	24	—
Inventory	14	37	48	35	—
Prepaid expenses and other current assets	6	5	7	4	—
Total Current Assets	89	139	222	99	—
Restricted cash	89,000	78,000	79,000	71,000	—
Property and equipment, net	43	37	35	26	—
Operating lease right-of-use asset	6	9	10	4	—
Intangible assets, net	7	10	16	27	—
Goodwill	2	18	145	204	10,443
Other assets	648,000	590,000	669,000	3	—
Total Assets	147	215	429	363	—
Accounts payable, accrued expenses and other current liabilities	47	39	—	—	—
Current portion of earn-out liabilities	1	—	—	—	—
Notes payable	265,000	265,000	7	10,000	—
Current portion of operating lease liabilities	3	3	3	2	—
Current portion of financing lease liabilities	42,000	34,000	512,000	306,000	—
Current portion of deferred revenue	12	17	14	11	—
Total Current Liabilities	63	59	70	50	—
Consideration payable, non-current portion	—	21	49	1	—
Earn-out liabilities, non-current portion	981,000	—	—	—	—
Operating lease liabilities, non-current portion	5	7	7	3	—
Financing lease liabilities, non-current portion	64,000	97,000	163,000	408,000	—
Deferred revenue, non-current portion	5	5	12	5	—
Other liabilities	8	7	337,000	645,000	—
Total Liabilities	83	100	139	102	—
Commitments and contingencies (Note 16)	—	—	—	—	—
Preferred stock, $0.001 par value, 40,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and 2024, respectively	—	—	—	—	—
Common stock, $0.001 par value, 500,000,000 shares authorized, 142,128,133 and 101,970,907 shares issued and outstanding as of December 31, 2025 and 2024, respectively	142,000	102,000	93,000	51,000	—
Additional paid-in capital	896	860	830	598	—
Accumulated other comprehensive loss	−9	−6	−3	−3	—
Accumulated deficit	−822	−739	−538	−334	—
Total Stockholders Equity	64	116	289	261	—
Total Liabilities and Stockholders Equity	147	215	429	363	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	10	13	12	10	3
Non-cash lease expense	4	4	2	997,000	1
Non-cash gain on lease termination	−72,000	—	—	—	—
Change in fair value of contingent consideration	—	—	−1	−1	—
Change in fair value of derivative and other accrued liabilities	8,000	10,000	8,000	—	69,000
Provision for credit losses	4	2	3	—	—
Loss (gain) on disposal of property and equipment	3	2	−11,000	113,000	156,000
Provision for slow moving and obsolete inventory	7	4	527,000	78,000	−187,000
Change in fair value of consideration payable	−9	3	—	—	—
Gain on settlement of accounts payable, net	—	—	24,000	—	—
Stock-based compensation	3	4	22	16	—
Accounts receivable	12	−906,000	−24	−12	−5
Inventory	15	500,000	−15	−24	−9
Prepaid expenses and other current assets	−2	−29,000	−2	−2	710,000
Other assets	−27,000	68,000	941,000	2,000	262,000
Accounts payable, accrued expenses, and other current liabilities	7	−4	7	16	4
Other liabilities	−4	6	−307,000	18,000	103,000
Operating lease liabilities	−4	−3	−4	−825,000	−1
Deferred revenue	−10	−3	10	5	2
Total Adjustments	53	153	106	9	15
Net Cash Used In Operating Activities	−31	−48	−98	−82	−41
Proceeds from sale of marketable securities	14	11	16	—	7
Proceeds from sale of equity method investment	223,000	—	—	—	—
Purchase of marketable securities	—	−1	−39	—	−7
Proceeds from government grants	5	1	—	—	—
Purchase consideration of Zemetric, net of cash acquired	−207,000	—	—	−38	—
Proceeds from sale of property and equipment	—	3	—	—	—
Purchase consideration of Envoy, net of cash acquired	—	—	−5	—	—
Capitalization of engineering costs	−205,000	—	−1	−294,000	−237,000
Purchases of property and equipment	−10	−9	−8	−5	−7
Net Cash Provided By (Used In) Investing Activities	9	5	−36	−57	−30
Proceeds from sale of common stock in public offering	19	26	209	7	221
Proceeds from exercise of options and warrants	—	—	835,000	220,000	2
Repayment of financing liability in connection with finance lease	−36,000	−596,000	−3	−217,000	—
Repayment of notes payable	−114,000	−38	−9	−681,000	—
Other	—	−338,000	−256,000	−315,000	—
Net Cash Provided By (Used In) Financing Activities	19	−12	197	6	223
Effect of Exchange Rate Changes on Cash and Cash Equivalents	851,000	−2	−1	−5	206,000
Net (Decrease) Increase In Cash and Cash Equivalents and Restricted Cash	−2	−57	62	−138	152
Interest	61,000	2	4	—	—
Income taxes	338,000	218,000	—	73,000	—
Right-of-use assets obtained in exchange for lease obligations	2	3	7	2	—
Right-of-use assets derecognized in connection with lease termination	−577,000	—	—	—	—
Property and equipment obtained in exchange for finance lease obligations	10,000	53,000	3	931,000	—
Transfer of inventory to property and equipment	−2	−6	−2	−5	−2
Reclassification of liability to equity	—	825,000	—	—	—
Common stock issued in satisfaction of accrued issuable equity	—	—	3	—	600,000
Common stock and warrants issued in satisfaction of consideration payable	12	—	—	—	—
Common stock issued as purchase consideration of Zemetric	1	—	—	—	—
Earn-out liabilities incurred as purchase consideration of Zemetric	2	—	—	—	—
Common stock issued in satisfaction of earn-out liabilities	206,000	—	—	—	—
Intangible assets obtained in exchange for financing liability	—	—	122,000	660,000	—
Note receivable applied to purchase consideration of Envoy	—	—	−1	—	—
Surrender and cancellation of common stock	—	—	−197,000	—	—

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