What guidance did Blink provide for Q3 and full-year 2025, and how might that influence the stock's valuation?

Guidance Blink Provided

In its Q2‑2025 earnings release, Blink disclosed that it expects Q3‑2025 revenue of roughly $57 million‑$62 million, representing a 22‑28% year‑over‑year increase as new sites come online and existing locations see higher utilization. For the full year, the company reiterated a 2025 revenue target of $240 million‑$250 million, a 30‑35% lift versus 2024, and added that it anticipates adjusted EBITDA of $12 million‑$15 million (≈5‑6% of revenue), up from a modest loss in the prior year. The guidance also includes a capital‑expenditure ceiling of $35 million for the year, signaling disciplined rollout of its Level‑2 and DC‑fast networks.

Impact on Valuation

The upward‑scaled revenue outlook and the first positive EBITDA projection are likely to compress the discount to Blink’s forward EV‑charging multiples. Assuming a modest price‑to‑sales (P/S) range of 3.5‑4.5×—in line with peers that are benefitting from accelerating EV adoption—the FY‑2025 revenue target would imply a fair‑value corridor of $84 million‑$112 million, or a share price of roughly $6.30‑$8.40 (based on the current ~13 million share float). The added EBITDA visibility can further lift the equity value if the market re‑prices the stock on a EV/EBITDA basis of ~30‑35×, which would add roughly $0.8‑$1.2 per share.

Overall, the guidance narrows the risk premium investors demand and should support a mid‑term upside of 12‑20% from today’s levels, provided the rollout stays on schedule, cash burn remains within the $35 million cap, and the broader EV‑charging demand curve continues its upward trajectory. Traders may consider buying on dips near the $6.30‑$6.50 support zone while keeping a stop just below $5.80 to guard against execution‑risk or any unexpected slowdown in site deployment.