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Blink Charging

BLNK
21
Engineering & Construction · Industrials
Price
$0.59
+0.03 (+4.46%)
Market Cap
$85.5M
Exchange
NASDAQ
Winston Score
21
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+160.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 41.9M (2021) → 109.1M (2025)

Winston Score History

The full picture

Blink Charging builds and operates electric vehicle (EV) charging stations across the United States and several other countries. Its main products are charging hardware — the physical stations installed at places like parking lots, hotels, grocery stores, and apartment buildings — along with the software that runs them. The company sells charging equipment to property owners and also owns and operates many stations directly, collecting fees from drivers who plug in.

Blink makes money two ways: selling charging hardware to businesses and earning revenue each time a driver pays to charge their car at a Blink-owned station. It operates primarily in the US but has expanded into Europe and the Middle East. With a market cap of roughly $100 million and an operating margin of nearly negative 64%, the company is losing significant money and faces intense competition from larger rivals like ChargePoint and Tesla's Supercharger network. The key risk is whether EV adoption grows fast enough — and whether Blink can cut costs quickly enough — to reach profitability before it needs to raise more cash.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-24.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+87.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

3.6%ownership

Rising

Insiders increasing their stake — aligned with shareholders

Cash Runway

~3 months

$35M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Blink Charging has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
38.9%
Modest — 38.9% gross margin
Profit after running costs
Operating Margin
-28.7%
Losing money on operations — -28.7%
Return on the money invested
ROCE
-87.1%
Weak — -87.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-6.9%
Shrinking sales (-6.9% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-51.9%
Burning cash (-51.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.01
Conservative — low debt load (0.01)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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