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Side-by-side financial comparison of Blink Charging Co. (BLNK) and REDWOOD TRUST INC (RWT). Click either name above to swap in a different company.

Blink Charging Co. is the larger business by last-quarter revenue ($27.0M vs $25.9M, roughly 1.0× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -113.3%, a 190.5% gap on every dollar of revenue. On growth, Blink Charging Co. posted the faster year-over-year revenue change (-3.5% vs -6.1%). Over the past eight quarters, Blink Charging Co.'s revenue compounded faster (-15.2% CAGR vs -41.0%).

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.

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

BLNK vs RWT — Head-to-Head

Bigger by revenue
BLNK
BLNK
1.0× larger
BLNK
$27.0M
$25.9M
RWT
Growing faster (revenue YoY)
BLNK
BLNK
+2.6% gap
BLNK
-3.5%
-6.1%
RWT
Higher net margin
RWT
RWT
190.5% more per $
RWT
77.2%
-113.3%
BLNK
Faster 2-yr revenue CAGR
BLNK
BLNK
Annualised
BLNK
-15.2%
-41.0%
RWT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BLNK
BLNK
RWT
RWT
Revenue
$27.0M
$25.9M
Net Profit
$-30.6M
$20.0M
Gross Margin
15.8%
Operating Margin
-120.9%
Net Margin
-113.3%
77.2%
Revenue YoY
-3.5%
-6.1%
Net Profit YoY
60.1%
402.6%
EPS (diluted)
$-0.27
$0.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BLNK
BLNK
RWT
RWT
Q4 25
$27.0M
$25.9M
Q3 25
$27.1M
$15.0M
Q2 25
$28.7M
$13.8M
Q1 25
$20.7M
$27.9M
Q4 24
$28.0M
$27.6M
Q3 24
$25.2M
$25.5M
Q2 24
$33.3M
$67.4M
Q1 24
$37.6M
$74.5M
Net Profit
BLNK
BLNK
RWT
RWT
Q4 25
$-30.6M
$20.0M
Q3 25
$-86.0K
$-7.7M
Q2 25
$-32.0M
$-98.5M
Q1 25
$-20.7M
$16.1M
Q4 24
$-76.7M
$-6.6M
Q3 24
$-87.4M
$14.8M
Q2 24
$-20.1M
$15.5M
Q1 24
$-17.2M
$30.3M
Gross Margin
BLNK
BLNK
RWT
RWT
Q4 25
15.8%
Q3 25
34.5%
Q2 25
16.8%
Q1 25
34.1%
Q4 24
15.7%
Q3 24
36.2%
Q2 24
32.2%
Q1 24
35.7%
Operating Margin
BLNK
BLNK
RWT
RWT
Q4 25
-120.9%
Q3 25
-1.7%
-9.0%
Q2 25
-103.0%
-679.0%
Q1 25
-103.2%
80.2%
Q4 24
-274.2%
-1.3%
Q3 24
-350.3%
86.1%
Q2 24
-62.1%
30.3%
Q1 24
-46.5%
41.3%
Net Margin
BLNK
BLNK
RWT
RWT
Q4 25
-113.3%
77.2%
Q3 25
-0.3%
-51.4%
Q2 25
-111.3%
-712.0%
Q1 25
-99.9%
57.8%
Q4 24
-273.7%
-24.0%
Q3 24
-347.0%
58.1%
Q2 24
-60.3%
23.0%
Q1 24
-45.7%
40.6%
EPS (diluted)
BLNK
BLNK
RWT
RWT
Q4 25
$-0.27
$0.11
Q3 25
$0.00
$-0.08
Q2 25
$-0.28
$-0.76
Q1 25
$-0.21
$0.10
Q4 24
$-0.77
$-0.08
Q3 24
$-0.86
$0.09
Q2 24
$-0.20
$0.10
Q1 24
$-0.17
$0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BLNK
BLNK
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$39.6M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$64.5M
$982.6M
Total Assets
$147.5M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLNK
BLNK
RWT
RWT
Q4 25
$39.6M
$255.7M
Q3 25
$23.1M
$226.3M
Q2 25
$25.3M
$302.0M
Q1 25
$42.0M
$259.9M
Q4 24
$55.4M
$245.2M
Q3 24
$64.6M
$253.7M
Q2 24
$73.9M
$275.6M
Q1 24
$93.5M
$275.4M
Total Debt
BLNK
BLNK
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
BLNK
BLNK
RWT
RWT
Q4 25
$64.5M
$982.6M
Q3 25
$90.8M
$999.0M
Q2 25
$70.8M
$1.1B
Q1 25
$102.6M
$1.2B
Q4 24
$115.5M
$1.2B
Q3 24
$194.5M
$1.2B
Q2 24
$278.4M
$1.2B
Q1 24
$296.7M
$1.2B
Total Assets
BLNK
BLNK
RWT
RWT
Q4 25
$147.5M
$23.7B
Q3 25
$171.3M
$22.6B
Q2 25
$168.4M
$21.3B
Q1 25
$199.1M
$19.9B
Q4 24
$215.0M
$18.3B
Q3 24
$303.0M
$18.4B
Q2 24
$380.3M
$16.5B
Q1 24
$404.5M
$15.1B
Debt / Equity
BLNK
BLNK
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.39×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BLNK
BLNK
RWT
RWT
Operating Cash FlowLast quarter
$683.0K
$-10.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLNK
BLNK
RWT
RWT
Q4 25
$683.0K
$-10.1B
Q3 25
$-3.0M
$-2.7B
Q2 25
$-16.7M
$-2.1B
Q1 25
$-11.9M
$-2.0B
Q4 24
$-13.5M
$-5.9B
Q3 24
$-9.1M
$-2.1B
Q2 24
$-4.3M
$-2.0B
Q1 24
$-21.5M
$-954.2M
Free Cash Flow
BLNK
BLNK
RWT
RWT
Q4 25
Q3 25
$-4.9M
Q2 25
Q1 25
$-14.2M
Q4 24
$-14.4M
Q3 24
$-10.1M
Q2 24
$-10.0M
Q1 24
$-24.3M
FCF Margin
BLNK
BLNK
RWT
RWT
Q4 25
Q3 25
-18.0%
Q2 25
Q1 25
-68.6%
Q4 24
-51.5%
Q3 24
-40.1%
Q2 24
-30.1%
Q1 24
-64.7%
Capex Intensity
BLNK
BLNK
RWT
RWT
Q4 25
Q3 25
6.9%
Q2 25
Q1 25
11.4%
Q4 24
3.4%
Q3 24
3.9%
Q2 24
17.3%
Q1 24
7.5%
Cash Conversion
BLNK
BLNK
RWT
RWT
Q4 25
-504.15×
Q3 25
Q2 25
Q1 25
-120.92×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
-31.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BLNK
BLNK

Products$11.0M41%
Host Provider Fees$5.9M22%
Network$3.7M14%
Transferred Over Time$3.2M12%
Network Fees And Warranty Contracts$1.6M6%
Car Sharing Services$1.3M5%

RWT
RWT

Segment breakdown not available.

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