Bollinger Innovations, Inc. (BINI) Stock Price & Analysis
Bollinger Innovations, Inc. (BINI) closed at USD 0.06 on Friday, October 23, 2026, up 0.00% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 0.06; the Oct 23, 2026 session ranged USD 0.1–0.16 on volume of 186,311 shares. Market capitalization is $30,365, with a 52-week range of USD 0.01–0.19 (PNK). Source: Nexqual, retrieved October 24, 2026 at 14:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BINI.md
Key facts (BINI)
- Last four reported quarters (through Jun 30, 2025): revenue $9.3M, net income -$468M (-5006.0% margin), free cash flow -$115M (SEC filings).
- Analysts: None.
- Total return with dividends: 1Y -53.9% vs S&P 500 +13.4%; 5Y -100.0% vs S&P 500 +76.9%.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BINI)
| USD | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $65.7M | — | — | $366K | $1.1M | $9.3M |
| Gross profit | $9.8M | — | — | $92K | -$15.8M | — |
| Operating income | -$4.5M | -$22.4M | -$97.0M | -$378M | -$392M | -$269M |
| Net income | -$5.9M | -$44.2M | -$740M | -$972M | -$457M | -$468M |
| EPS (diluted) | -$113062500000000000.00 | -$722250000000000000.00 | -$236563762500000000.00 | -$5903025000000000.00 | — | — |
| Free cash flow | — | -$17.6M | -$77.4M | -$194M | -$200M | -$115M |
| Gross margin | 15.0% | — | — | 25.2% | -1443.8% | — |
| Operating margin | -6.8% | — | — | -103216.5% | -35805.4% | -2876.7% |
| Net margin | -9.0% | — | — | -265643.3% | -41766.4% | -5006.0% |
| Revenue growth | — | — | — | — | +199.0% | — |
| Cash + short-term investments | $4.5M | $42K | $54.1M | $155M | $10.3M | — |
| Total debt | $9.9M | $39.4M | $9.0M | $7.5M | $5.4M | — |
Fiscal years end Sep. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2025) (BINI)
Analysts (BINI)
Consensus None.
Total return (dividends reinvested) (BINI)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -53.9% | -100.0% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -54.0% | -100.0% |
| Volatility (annualized) | 370.9% | 342.3% |
| Max drawdown | -93.8% (Oct 2025→Sep 2026) | -100.0% (Nov 2021→Sep 2025) |
BINI revenue by business segment (quarter ended Jun 30, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Bollinger Motors | $266,281 | 56.2% | — |
| Bollinger Commercial | $207,405 | 43.8% | +217.9% |
| Total revenue | $473,686 | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BINI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | IBM (IBM) | “This matter arises out of a contract dispute between Mullen and IBM related to a joint development and technology license agreement, patent license agreement, and a logo trademark agreement.” |
Quoted from the company's 10-K filed Jan 24, 2025.
BINI company outlook (results filed Aug 14, 2025)
- “The working capital as of June 30, 2025, was negative - $144.1 million, or $41.6 million if adding back derivative liabilities and other liabilities expected to be settled in common stock.”
- “Bollinger Innovations assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law.”
Quoted word-for-word from the SEC 8-K results press release.
BINI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter (ends Dec 2024) | — | — | — | $0 | — |
| Current fiscal year (ends Sep 2024) | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |
Key Statistics (as of October 24, 2026 at 14:23 UTC)
| Price | USD 0.06 |
|---|---|
| Change | ▲ 0.00% (up) |
| Previous Close | USD 0.06 |
| Open | USD 0.16 |
| Day Range | USD 0.1 – 0.16 |
| 52-Week Range | USD 0.01 – 0.19 |
| Volume | 186,311 shares |
| Market Cap | $30,365 |
| Exchange | PNK |
Technical Analysis (BINI)
Nexqual's technical model rates BINI "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 24, 2026 at 14:23 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 52.77 (neutral) |
| vs SMA50 | Above (USD 0.06) |
| MACD | 0 (positive) |
Analyst Ratings (BINI)
Wall Street analysts rate BINI "None", per Nexqual as of October 24, 2026 at 14:23 UTC.
| Consensus Rating | None |
|---|
Earnings (BINI)
Source: Nexqual, October 24, 2026 at 14:23 UTC.
Financials & Fundamentals (BINI)
| Total Revenue | $9.34M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +626.10% |
| Gross Margin | +0.00% |
| Operating Margin | -12213.49% |
| Profit Margin | +0.00% |
| Current Ratio | 0.23 |
| Total Cash | $454,658 |
| Total Debt | $36.04M |
| Free Cash Flow (last four quarters to Jun 2025, SEC 10-Q / 10-K) | -$114.71M (-1228.2% of revenue) |
Source: Nexqual, October 24, 2026 at 14:23 UTC.
Financial Health Score (BINI)
Nexqual rates Bollinger Innovations, Inc.'s overall financial health "Mixed" across five dimensions, as of October 24, 2026 at 14:23 UTC.
| Growth | Strong — Revenue +626% YoY (latest Q) |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Mixed — $2M cash and investments vs $13M debt (Dec 2024, SEC) |
| Cash Flow | Weak — FCF negative: -$115M (last 4 quarters to Jun 2025, SEC), burning cash |
| Efficiency | Mixed — No data |
Ownership (BINI)
| Insider Ownership | +4.25% |
|---|---|
| Institutional Ownership | +4.93% |
| Shares Outstanding | 506,088 |
| Float | 18,404 |
| Short % of Float | +122.25% |
Source: Nexqual, October 24, 2026 at 14:23 UTC.
Leadership (BINI)
Bollinger Innovations, Inc. is led by David Michery, Founder, Chairman, President & CEO, per Nexqual as of October 24, 2026 at 14:23 UTC.
| Founder, Chairman, President & CEO | David Michery |
|---|---|
| Chief Financial Officer | Jonathan New |
| Secretary & Independent Director | Mary Winter |
| Vice President of Business & Legal Affairs | Jillian Green |
| Vice President of Human Resources | Sandra Boyer |
From Bollinger Innovations, Inc.'s Latest SEC 10-K Filing (filed 2025-01-24)
Key Strengths & Strategy (as disclosed to the SEC)
- We have nondisclosure and invention assignment agreements with our consultants and employees, and we seek to control access to and distribution of our proprietary information through non-disclosure agreements with our vendors and business partners.
- In 2024, we built on this momentum with expanded commercial marketing initiatives, including increased trade show participation, a stronger online presence, event collaborations, and an expanded direct sales outreach to new markets.
- We built an aggressive demo program for fleets to test our vehicles across real world use cases and environment.
Partnerships
- In accordance with the stock purchase agreement signed on July 26, 2024, the Company, as part of activities to launch production in the Bollinger segment, invested an additional $12.7 million in newly issued shares of the subsidiary ($18.7 million by January 23, 2025), increasing controlling interest of the Company to 66% on a fully diluted basis at September 30, 2024 (and to approximately 68% by January 23, 2025).
- Mullen's Dealer Group now includes: In August 2024, we signed a three-year purchase agreement with Volt Mobility, which subsequently assigned the contract to one of its wholly owned companies, Lessor Car Rental LLC.
Legal & Regulatory Risks (Item 1A, quoted)
- We may not be able to maintain compliance with the continued listing requirements of the NASDAQ Capital Markets.
- Our Certificate of Incorporation designates specific courts as the exclusive forum for certain stockholder litigation matters, which could limit the ability of our stockholders to obtain a favorable forum for disputes with us or our directors, officers or employees.
- Our vehicles will make use of lithium-ion battery cells, which have been observed to catch fire or vent smoke and flame, and, if such results occur, bodily injury or death could result and could subject us to lawsuit, product recalls, or redesign efforts.
- Changes in tax laws may materially adversely affect our business, prospects, financial condition and operating results.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| LI | Li Auto Inc. | USD 11.39 | ▼ 0.7% |
| STLA | Stellantis N.V. | USD 4.06 | ▼ 4.92% |
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 14:23 UTC. This page is informational and not investment advice.
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