Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 4/5 core metricsLatest reported annual revenue changed -16.5% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -16.5% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Free cash flow was negative
Latest reported free cash flow was -$41M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
- 2 filing risk checks flagged
Flagged areas: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Operating margin improved
Operating margin changed +82.6 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Product$47Mshare n/a-42.5% yoy
- Service$32.3Mshare n/a+50.5% yoy
- Network$12.2Mshare n/a+53.4% yoy
- Network Fees And Warranty Contracts$8.79Mshare n/a-17.0% yoy
- Car Sharing Services$4.81Mshare n/a+3.0% yoy
- Warranty$3.84Mshare n/a-32.4% yoy
- Other$3.11Mshare n/a+102.8% yoy
- Grant And Fee Rebate$310Kshare n/a-70.4% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- United States$67.7M65.4%-23.3% yoy
- Outside the United States$35.9M34.6%+0.1% yoy
Members sum to the consolidated $104M for this period.
- Service$12.2M58.9%+28.7% yoy
- Product$6.19M29.8%-26.1% yoy
- Other$1.24M5.9%-25.4% yoy
- Car Sharing Services$1.12M5.4%-4.8% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 817 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $104M | 28thof 3,301 bottom third | 25thof 778 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -16.5% | 8thof 3,135 bottom third | 7thof 743 bottom third |
Gross margin gross profit ÷ revenue | 24.6% | 28thof 1,603 bottom third | 19thof 555 bottom third |
Operating margin operating income ÷ revenue | -81.2% | 17thof 2,819 bottom third | 13thof 752 bottom third |
Net margin net income ÷ revenue | -80.5% | 16thof 3,263 bottom third | 13thof 770 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -39.2% | 16thof 2,679 bottom third | 13thof 701 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -129.3% | 9thof 3,577 bottom third | 8thof 720 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 2.7% | 46thof 2,895 middle third | 61stof 729 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 104 days | 10thof 2,398 bottom third | 14thof 712 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -29.0% | 93rdof 3,577 top third | 90thof 722 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -99.0% | 94thof 3,059 top third | 94thof 634 top third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 30 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2020-03-31 | $1.34M 10-Q 2020-05-13 | $22.3M 10-Q/A 2021-05-14 | +1562.3% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2025-06-30 | $2.09M 10-Q 2025-08-18 | $4.83M 10-Q 2026-08-07 | +130.8% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2025-09-30 | -$205K 10-Q 2025-11-07 | -$451K 10-K 2026-03-31 | -120.0% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2025-03-31 | $2.37M 10-Q 2025-05-12 | $1.09M 10-Q 2026-05-11 | -54.1% | first · latest |
| Deferred revenue (non-current) DeferredRevenueNoncurrent | balance at 2024-12-31 | $10.6M 10-K 2025-04-09 | $5.06M 10-K 2026-03-31 | -52.3% | first · latest · 5 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-09-30 | $64.6M 10-Q 2024-11-12 | $47.4M 10-Q 2025-11-07 | -26.6% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-06-30 | $73.9M 10-Q 2024-08-09 | $55.8M 10-Q 2025-08-18 | -24.5% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-03-31 | $93.5M 10-Q 2024-05-10 | $73.1M 10-Q 2025-05-12 | -21.7% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2023-12-31 | $122M 10-K 2024-03-18 | $98.7M 10-K 2026-03-31 | -18.9% | first · latest · 6 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | quarter 2025-03-31 | $3.49M 10-Q 2025-05-12 | $2.95M 10-Q 2026-05-11 | -15.4% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2025-06-30 | $70.8M 10-Q 2025-08-18 | $78.4M 10-Q 2026-08-07 | +10.9% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2025-03-31 | -$11.9M 10-Q 2025-05-12 | -$13M 10-Q 2026-05-11 | -9.9% | first · latest |
| Net income NetIncomeLoss | quarter 2025-06-30 | -$32M 10-Q 2025-08-18 | -$29.3M 10-Q 2026-08-07 | +8.3% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2025-06-30 | -$32.2M 10-Q 2025-08-18 | -$29.6M 10-Q 2026-08-07 | +8.2% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | fiscal year 2024-12-31 | $40.8M 10-K 2025-04-09 | $37.6M 10-K 2026-03-31 | -7.7% | first · latest |
| Deferred revenue (non-current) DeferredRevenueNoncurrent | balance at 2020-12-31 | $6.65K 10-K 2021-03-31 | $7K 10-K 2022-03-16 | +5.2% | first · latest · 6 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2024-12-31 | $13.4M 10-K 2025-04-09 | $12.8M 10-K 2026-03-31 | -4.9% | first · latest |
| Gross profit GrossProfit | quarter 2025-03-31 | $7.37M 10-Q 2025-05-12 | $7.07M 10-Q 2026-05-11 | -4.1% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2025-09-30 | $9.67M 10-Q 2025-11-07 | $9.33M 10-K 2026-03-31 | -3.5% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2024-12-31 | $43.2M 10-K 2025-04-09 | $42.1M 10-K 2026-03-31 | -2.6% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | -$40.1M 10-Q 2023-08-09 | -$41.1M 10-Q 2024-08-09 | -2.6% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2024-12-31 | -$47.2M 10-K 2025-04-09 | -$48.3M 10-K 2026-03-31 | -2.4% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2024-12-31 | $126M 10-K 2025-04-09 | $124M 10-K 2026-03-31 | -1.7% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | -$200M 10-K 2025-04-09 | -$203M 10-K 2026-03-31 | -1.6% | first · latest |
| Net income NetIncomeLoss | fiscal year 2024-12-31 | -$198M 10-K 2025-04-09 | -$201M 10-K 2026-03-31 | -1.6% | first · latest |
| Net income NetIncomeLoss | quarter 2025-03-31 | -$20.7M 10-Q 2025-05-12 | -$21M 10-Q 2026-08-07 | -1.4% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2025-03-31 | -$21.1M 10-Q 2025-05-12 | -$21.4M 10-Q 2026-05-11 | -1.4% | first · latest · 3 filings carry it |
| Total assets Assets | balance at 2024-12-31 | $218M 10-K 2025-04-09 | $215M 10-K 2026-03-31 | -1.4% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2021-09-30 | $6.4M 10-Q 2021-11-12 | $6.35M 10-Q 2022-11-09 | -0.9% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | -$89.3M 10-K 2023-03-14 | -$89.9M 10-K 2025-04-09 | -0.7% | first · latest · 3 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for BLNK yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.