Blink Charging Co. is an American electric vehicle charging network operator headquartered in Bowie, Maryland. One of the top three EV charging networks in the United States, it has over 90,000 chargers globally in 25 countries.3 Its shares trade on Nasdaq under the symbol BLNK.1Wikipedia text CC BY-SA 4.0
Blink Charging Co. is an American electric vehicle charging network operator headquartered in Bowie, Maryland. One of the top three EV charging networks in the United States, it has over 90,000 chargers globally in 25 countries.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Outside the United States$35.9M935%up 0% from 2024
Regions by year
Regions
2023
2024
2025
United States
$104.7M
$88.2M
$67.7M
Outside the United States
$35.9M
$35.8M
$35.9M
Where the money goes
Where each dollar of revenue went, fiscal 2025
Cost of revenueOther costs
Cost of revenue75¢$78.0M
Other costs24¢$25.2M
Income tax0¢$317.0K
Out of $103.5M in revenue.9 The company lost money this year.
Financial statements
Revenue101112139$103.5M in 2025+3652% since 2019Gross profit101112139$25.5M in 2025+6406% since 2019Operating income101112139-$84.1M in 2025+703% since 2019Net income101112139-$83.4M in 2025+764% since 2019
Revenue91415$21.7M in Q2 FY2026−20% since Q4 FY2025Gross profit91415$8.4M in Q2 FY2026+97% since Q4 FY2025Operating income91415-$6.2M in Q2 FY2026−81% since Q4 FY2025Net income91415-$6.0M in Q2 FY2026−82% since Q4 FY2025
Every line of the income statement as filed: the last 3 fiscal years (annual) or 4 quarters (quarterly), latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Total Revenues
$103.5M
$124.0M
$140.6M
Total Cost of Revenues
$78.0M
$86.4M
$100.4M
Gross Profit
$25.5M
$37.6M
$40.2M
Compensation
$49.5M
$58.7M
$92.7M
General and administrative expenses
$29.3M
$31.9M
$35.1M
Other operating expenses
$21.4M
$20.4M
$17.8M
Change in fair value of consideration payable and earn-out liabilities
-$9.2M
$2.9M
Impairment of goodwill
$17.9M
$127.0M
$89.1M
Impairment of intangible assets
$762.0K
$5.1M
Total Operating Expenses
$109.6M
$240.8M
$239.8M
Loss From Operations
-$84.1M
-$203.2M
-$199.6M
Interest income (expense)
$19.0K
-$431.0K
-$3.5M
Dividend and interest income
$1.0M
$2.9M
$1.9M
Gain (loss) on extinguishment of notes payable
$36.0K
-$1.0M
Change in fair value of derivatives and other accrued liabilities
-$8.0K
-$10.0K
$8.0K
Total Other Income (Expense), Net
$1.0M
$2.5M
-$2.6M
Loss Before Income Taxes
-$83.1M
-$200.7M
-$202.2M
Provision for income taxes
-$317.0K
-$656.0K
-$1.5M
Net Loss
-$83.4M
-$201.3M
-$203.7M
Basic
-$0.76
-$2.00
-$3.21
Diluted
-$0.76
-$2.00
-$3.21
Basic
109.1M shares
100.8M shares
63.5M shares
Diluted
109.1M shares
100.8M shares
63.5M shares
Period ending
2025-12-31
2025-09-30
2025-06-30
2025-03-31
Total Revenues
$27.0M
$27.1M
$28.7M
$20.7M
Total Cost of Revenues
$22.8M
$17.7M
$23.9M
$13.6M
Gross Profit
$4.3M
$9.3M
$4.8M
$7.1M
Loss From Operations
-$32.7M
-$451.0K
-$29.6M
-$21.4M
Net Loss
-$32.7M
-$332.0K
-$29.3M
-$21.0M
Basic
-$0.28
$0.00
-$0.28
-$0.21
Diluted
-$0.28
$0.00
-$0.28
-$0.21
Basic
115.9M shares
109.1M shares
102.9M shares
102.5M shares
Diluted
115.9M shares
109.1M shares
102.9M shares
102.5M shares
Total assets16101112139$147.5M in 2025+1134% since 2019Total liabilities16101112139$83.0M in 2025+1738% since 2019Shareholders’ equity1112139$64.5M in 2025+768% since 2019Cash101112139$39.6M in 2025+849% since 2019
Total assets1415$122.3M in Q2 FY2026−17% since Q1 FY2025Total liabilities1415$74.5M in Q2 FY2026−10% since Q1 FY2025Shareholders’ equity1415$47.8M in Q2 FY2026−26% since Q1 FY2025Cash1415$34.0M in Q2 FY2026−14% since Q1 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$39.6M
$41.8M
$98.7M
Marketable securities
$13.6M
Accounts receivable, net
$29.5M
$42.1M
Inventory
$14.2M
$36.6M
Prepaid expenses and other current assets
$6.1M
$5.4M
Total Current Assets
$89.3M
$139.5M
Restricted cash
$89.0K
$78.0K
Property and equipment, net
$42.7M
$37.4M
Operating lease right-of-use asset
$6.3M
$9.2M
Intangible assets, net
$6.6M
$10.4M
Goodwill
$1.7M
$17.9M
$144.9M
Other assets
$648.0K
$590.0K
Total Assets
$147.5M
$215.0M
Accounts payable, accrued expenses and other current liabilities
$47.2M
$38.9M
Current portion of earn-out liabilities
$1.0M
Notes payable
$265.0K
$265.0K
Current portion of operating lease liabilities
$2.8M
$3.2M
Current portion of financing lease liabilities
$42.0K
$34.0K
Current portion of deferred revenue
$12.1M
$17.1M
Total Current Liabilities
$63.5M
$59.5M
Consideration payable, non-current portion
$21.0M
Earn-out liabilities, non-current portion
$981.0K
Operating lease liabilities, non-current portion
$4.8M
$7.2M
Financing lease liabilities, non-current portion
$64.0K
$97.0K
Deferred revenue, non-current portion
$5.1M
$5.1M
Other liabilities
$8.5M
$6.7M
Total Liabilities
$83.0M
$99.5M
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
$142.0K
$102.0K
Additional paid-in capital
$895.5M
$860.3M
Accumulated other comprehensive loss
-$8.7M
-$5.8M
Accumulated deficit
-$822.4M
-$739.0M
Total Stockholders Equity
$64.5M
$115.5M
$289.4M
$261.0M
Total Liabilities and Stockholders Equity
$147.5M
$215.0M
Preferred stock, par value
$0.00
$0.00
Preferred stock, shares authorized
40.0M shares
40.0M shares
Preferred stock, shares issued
0 shares
0 shares
Preferred stock, shares outstanding
0 shares
0 shares
Common stock, par value
$0.00
$0.00
Common stock, shares authorized
500.0M shares
500.0M shares
Common stock, shares issued
142.1M shares
102.0M shares
Common stock, shares outstanding
142.1M shares
102.0M shares
Period ending
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Cash and cash equivalents
$39.6M
$41.8M
$98.7M
Marketable securities
$13.6M
Accounts receivable, net
$29.5M
$42.1M
Inventory
$14.2M
$36.6M
Prepaid expenses and other current assets
$6.1M
$5.4M
Total Current Assets
$89.3M
$139.5M
Restricted cash
$89.0K
$78.0K
Property and equipment, net
$42.7M
$37.4M
Operating lease right-of-use asset
$6.3M
$9.2M
Intangible assets, net
$6.6M
$10.4M
Goodwill
$1.7M
$17.9M
$144.9M
Other assets
$648.0K
$590.0K
Total Assets
$147.5M
$215.0M
Accounts payable, accrued expenses and other current liabilities
$47.2M
$38.9M
Current portion of earn-out liabilities
$1.0M
Notes payable
$265.0K
$265.0K
Current portion of operating lease liabilities
$2.8M
$3.2M
Current portion of financing lease liabilities
$42.0K
$34.0K
Current portion of deferred revenue
$12.1M
$17.1M
Total Current Liabilities
$63.5M
$59.5M
Consideration payable, non-current portion
$21.0M
Earn-out liabilities, non-current portion
$981.0K
Operating lease liabilities, non-current portion
$4.8M
$7.2M
Financing lease liabilities, non-current portion
$64.0K
$97.0K
Deferred revenue, non-current portion
$5.1M
$5.1M
Other liabilities
$8.5M
$6.7M
Total Liabilities
$83.0M
$99.5M
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
$142.0K
$102.0K
Additional paid-in capital
$895.5M
$860.3M
Accumulated other comprehensive loss
-$8.7M
-$5.8M
Accumulated deficit
-$822.4M
-$739.0M
Total Stockholders Equity
$64.5M
$115.5M
$289.4M
$261.0M
Total Liabilities and Stockholders Equity
$147.5M
$215.0M
Preferred stock, par value
$0.00
$0.00
Preferred stock, shares authorized
40.0M shares
40.0M shares
Preferred stock, shares issued
0 shares
0 shares
Preferred stock, shares outstanding
0 shares
0 shares
Common stock, par value
$0.00
$0.00
Common stock, shares authorized
500.0M shares
500.0M shares
Common stock, shares issued
142.1M shares
102.0M shares
Common stock, shares outstanding
142.1M shares
102.0M shares
Cash from operations101112139-$30.9M in 2025+187% since 2019Capital spending101112139$9.7M in 2025+1656% since 2019Free cash flow101112139-$40.6M in 2025+258% since 2019
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.9
Period ending
2025-12-31
2024-12-31
2023-12-31
Net loss
-$83.4M
-$201.3M
-$203.7M
Depreciation and amortization
$9.6M
$12.8M
$12.4M
Non-cash lease expense
$4.4M
$3.7M
$2.1M
Non-cash gain on lease termination
-$72.0K
Impairment of goodwill
$17.9M
$127.0M
$89.1M
Impairment of intangible assets
$762.0K
$5.1M
Change in fair value of contingent consideration
-$1.4M
Change in fair value of derivative and other accrued liabilities
$8.0K
$10.0K
$8.0K
Provision for credit losses
$3.9M
$1.7M
$2.6M
(Gain) loss on extinguishment of notes payable
-$36.0K
$1.0M
Loss (gain) on disposal of property and equipment
$3.1M
$2.0M
-$11.0K
Provision for slow moving and obsolete inventory
$6.6M
$4.0M
$527.0K
Change in fair value of consideration payable
-$9.2M
$2.9M
Gain on settlement of accounts payable, net
$24.0K
Stock-based compensation
$2.8M
$3.5M
$22.0M
Accounts receivable
$11.9M
-$906.0K
-$23.7M
Inventory
$14.8M
$500.0K
-$15.4M
Prepaid expenses and other current assets
-$2.1M
-$29.0K
-$2.1M
Other assets
-$27.0K
$68.0K
$941.0K
Accounts payable, accrued expenses, and other current liabilities
$6.6M
-$3.8M
$7.0M
Other liabilities
-$4.3M
$6.4M
-$307.0K
Operating lease liabilities
-$4.3M
-$3.2M
-$3.7M
Deferred revenue
-$9.8M
-$3.5M
$9.8M
Total Adjustments
$52.5M
$153.0M
$106.1M
Net Cash Used In Operating Activities
-$30.9M
-$48.3M
-$97.6M
Proceeds from sale of marketable securities
$13.6M
$10.5M
$16.4M
Proceeds from sale of equity method investment
$223.0K
Purchase of marketable securities
-$1.2M
-$39.4M
Proceeds from government grants
$4.8M
$1.1M
Purchase consideration of Zemetric, net of cash acquired
-$207.0K
Proceeds from sale of property and equipment
$3.4M
Purchase consideration of Envoy, net of cash acquired
-$4.7M
Capitalization of engineering costs
-$205.0K
-$1.0M
Purchases of property and equipment
-$9.7M
-$8.6M
-$7.6M
Net Cash Provided By (Used In) Investing Activities
$8.5M
$5.3M
-$36.2M
Proceeds from sale of common stock in public offering
$19.4M
$26.4M
$208.9M
Proceeds from exercise of options and warrants
$835.0K
Repayment of financing liability in connection with finance lease
-$36.0K
-$596.0K
-$2.8M
Repayment of notes payable
-$114.0K
-$37.9M
-$9.3M
Other
-$338.0K
-$256.0K
Net Cash Provided By (Used In) Financing Activities
$19.3M
-$12.4M
$197.3M
Effect of Exchange Rate Changes on Cash and Cash Equivalents
$851.0K
-$1.5M
-$1.4M
Net (Decrease) Increase In Cash and Cash Equivalents and Restricted Cash
-$2.2M
-$56.9M
$62.2M
Interest
$61.0K
$1.5M
$3.6M
Income taxes
$338.0K
$218.0K
Right-of-use assets obtained in exchange for lease obligations
$1.7M
$3.2M
$7.4M
Right-of-use assets derecognized in connection with lease termination
-$577.0K
Property and equipment obtained in exchange for finance lease obligations
$10.0K
$53.0K
$2.8M
Transfer of inventory to property and equipment
-$1.9M
-$6.2M
-$1.8M
Reclassification of liability to equity
$825.0K
Common stock issued in satisfaction of accrued issuable equity
$2.6M
Common stock and warrants issued in satisfaction of consideration payable
$11.8M
Common stock issued as purchase consideration of Zemetric
$1.1M
Earn-out liabilities incurred as purchase consideration of Zemetric
$2.2M
Common stock issued in satisfaction of earn-out liabilities
$206.0K
Intangible assets obtained in exchange for financing liability
$122.0K
Note receivable applied to purchase consideration of Envoy
Blink sits at the top of its group. 57 entities, 14 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Blink
State Street CorporationFiled SCHEDULE 13G on Blink, latest Aug 11, 2025 (4 filings since Jan 25, 2024)
VANGUARD GROUP INCFiled SCHEDULE 13G/A on Blink, latest Jul 29, 2025 (3 filings since Nov 4, 2024)
BlackRockFiled SCHEDULE 13G/A on Blink, latest Jul 16, 2025 (7 filings since Feb 4, 2022)
CITADEL ADVISORS LLCFiled SC 13G/A on Blink, latest Feb 14, 2024 (2 filings since Dec 15, 2023)
Blink Charging Inc. (FKA Car Charging Inc.) Subsidiary · Delaware, United States
Blink Charging Ireland LTD Subsidiary · Ireland
Blink Charging LTD Subsidiary · Israel
Blink Charging Mexico S de RL de C.V. Subsidiary · Mexico
Blink Charging Nederland BV Subsidiary · Netherlands
Blink Charging Panama S.A. Subsidiary · Panama
Blink Construction LLC Subsidiary · Delaware, United States
Blink EV LLC Subsidiary · Texas, United States
Blink Holdings BV Subsidiary · Netherlands
Blink N.A. LLC Subsidiary · Florida, United States
Blink Network Limited Liability Partnership Subsidiary · New Jersey, United States
Blink Network LLC Subsidiary · Arizona, United States
Blink Uya LLC Subsidiary · Florida, United States
Blink/Brixmoor LLC (FKA CCGI/Brixmoor LLC) Subsidiary · New York, United States
Blink/PAT LLC (FKA CCGI/PAT LLC) Subsidiary · Pennsylvania, United States
BlinkCharging Costa Rica S.A. Subsidiary · Costa Rica
and 31 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Blink reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We lease our principal executive offices and global headquarters at 17301 Melford Blvd, Bowie, Maryland 20715.
In addition, we lease office spaces in Bowie, Maryland; Los Angeles, California; Antwerp, Belgium; St Albans, England; and India (Noida and Bangalore), from which we operate our current business.
The rest of Item 2
The Company believes its existing facilities and equipment, which are used by all reportable segments, are in good operating condition and are suitable for the conduct of its business.
Blink began as a brand name for the charging infrastructure of the now defunct company, Ecotality. Following Ecotality's bankruptcy the distressed assets were acquired by Michael D. Farkas and his company, Car Charging Group. The company was renamed Blink Charging on Aug 29, 2017. In March 2023, Blink was one of three EV charger suppliers chosen by the U.S. Postal Service as part of its electric vehicle fleet upgrade; Blink will supply up to 41,500 EV chargers.
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
339 filings to the SEC since October 2021: 12 annual reports, 15 quarterly reports, 80 major events, 151 insider forms, 21 large holders, 60 other. The latest 20:
81 open-market trades by officers, directors and large owners since October 2021: 7 buys and 74 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).17
Risk factors and legal proceedings
The risks Blink names in Item 1A of its 10-K filed Mar 31, 2026: 38 risks under these headings, as written.17
Risks Related to Our Business
We have a history of substantial net losses and expect losses to continue in the future; if we do not achieve and sustain profitability, our financial condition could suffer.
We may need additional capital to fund our growing operations but cannot assure you that we will be able to obtain sufficient capital from potential sources, and we may have to limit the scope of our operations or take actions that may dilute your financial interest.
Our revenue growth ultimately depends on consumers’ willingness to adopt EVs in a market that is still in its early stages.
War, terrorism, other acts of violence or natural or human-made disasters may affect the markets in which we operate, our customers, our delivery of products and customer service, and could have a material adverse impact on our business, results of operations, or financial condition.
Changes to corporate average fuel economy standards may negatively impact the EV market, which would adversely affect our business.
Our quarterly operating results may fluctuate significantly.
We are unable to predict the ultimate impact of equipment order delays and chip shortages on our business and future results of operations, financial position and cash flows.
We rely on a limited number of vendors for our EV charging equipment and related support services. The loss of any of these partners would negatively affect our business.
We may be adversely affected by inflationary or market fluctuations, including the impact of tariffs, in the cost of products consumed in providing our services or our cost of labor.
We have global operations and face risks related to health crises that could negatively impact our financial condition.
Climate change may have a long-term impact on our business.
The other 27 risks
Computer malware, viruses, hacking, cyberattacks, phishing attacks and spamming that could result in security and privacy breaches and interruption in service could harm our business and our customers.
Growing our customer base depends upon the effective operation of our mobile applications with mobile operating systems, networks and standards that we do not control.
We need to manage growth in operations to realize our growth potential and achieve expected revenues; our failure to manage growth could disrupt our operations and ultimately prevent us from generating the revenues we expect.
We may be unable to successfully integrate recent acquisitions in a cost-effective and non-disruptive manner.
We have limited insurance coverage for various liabilities and damages, including potential injuries, and such insurance coverage may not be adequate in a catastrophic situation.
Our future success depends on our ability to attract and retain highly qualified personnel, including our President and Chief Executive Officer.
We are in a highly competitive EV charging services industry and there can be no assurance that we will be able to compete with our competitors, some of which are larger and have greater financial resources.
If a third party asserts that we are infringing upon its intellectual property rights, whether successful or not, it could subject us to costly and time-consuming litigation or expensive licenses, and our business may be harmed.
The success of our business depends in large part on our ability to protect our proprietary information and technology and enforce our intellectual property rights against third parties.
We may not be able to protect our intellectual property rights throughout the world.
The risk of loss of our intellectual property, trade secrets or other sensitive business or customer confidential information, and disruption of operations due to cyberattacks or data breaches could negatively impact our financial results.
Risks Related to Legal Matters and Regulations
Changes to existing federal, state or international laws or regulations applicable to us could cause an erosion of our current competitive strengths.
Privacy concerns and laws, or other domestic or foreign regulations, may adversely affect our business.
Failure to comply with anticorruption and anti-money laundering laws, including the Foreign Corrupt Practices Act of 1977, as amended (the “FCPA”), and similar laws associated with activities outside of the United States, could subject us to penalties and other adverse consequences.
Existing and future environmental health and safety laws and regulations could result in increased compliance costs or additional operating costs or construction costs and restrictions. Failure to comply with such laws and regulations may result in substantial fines or other limitations that may adversely impact our financial results or the results of operation.
The enactment of legislation implementing changes in tax legislation or policies in different geographic jurisdictions including the United States and several European countries could materially impact our business, financial condition and results of operations.
Our failure to maintain effective internal control over financial reporting could have a material adverse effect on our ability to report our financial results on a timely and accurate basis.
If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our financial condition and results of operations could be adversely affected.
Risks Related to Ownership of Our Securities
Our common stock price fluctuated significantly in 2025 and is likely to continue to fluctuate from its current level in 2026; our common stock must maintain a minimum closing bid price of $1.00 to satisfy Nasdaq continued listing standards.
Failure to meet Nasdaq’s continued listing requirements could result in the delisting of our common stock, negatively impact the price of our common stock, and negatively impact our ability to raise additional capital.
A possible “short squeeze” due to a sudden increase in demand of our common stock that largely exceeds supply may lead to further price volatility in our common stock.
We have a number of shares of common stock issuable upon exercise of outstanding warrants and stock options, an ATM common stock program in place and possible issuance of stock from the warrants granted in August 2025 to the former shareholders of Envoy Technologies; the issuance of such shares could have a significant dilutive impact on our stockholders.
Our Articles of Incorporation grant our Board the power to issue additional shares of common and preferred stock and to designate a series of preferred stock, all without stockholder approval.
Certain provisions of our corporate governing documents and Nevada law could discourage, delay or prevent a merger or acquisition at a premium price.
If securities or industry analysts do not publish research or reports about our business or publish inaccurate or unfavorable research reports about our business, our share price and trading volume could decline.
Our business could be negatively affected as a result of actions of activist shareholders, and such activism could impact the trading value of our securities.
We do not intend to pay cash dividends on our common stock for the foreseeable future, and you must rely on increases in the market price of our common stock for returns on your investment.
Legal proceedings
We have been party to certain legal proceedings that have arisen in the ordinary course of our business and have been incidental to our business. Certain of the claims that have been made against us allege, among other things, breach of contract or breach of express and implied warranties with regard to our products. Although litigation is inherently uncertain, and we believe we are insured against many such instances, based on past experience and the information currently available, management does not believe that any currently pending and threatened litigation or claims will have a material adverse effect on our financial position, liquidity or results of operations. However, future events or circumstances, currently unknown to management, will determine whether the resolution of pending or threatened litigation or claims will ultimately have a material effect on our financial position, liquidity or results of operations in any future reporting periods.
