Tearsheet

Bollinger Innovations (BINI)

Market Price (10/14/2025): $0.55 | Market Cap: $54,762
Sector: Consumer Discretionary | Industry: Automobile Manufacturers

Bollinger Innovations (BINI)

Market Price (10/14/2025): $0.55
Market Cap: $54,762
Sector: Consumer Discretionary
Industry: Automobile Manufacturers

Investment Highlights

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 5865%	Weak multi-year price returns 2Y Excs Rtn is -153%, 3Y Excs Rtn is -178%	Penny stock Mkt Price is 0.3
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -100%		Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -243 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2598%
2			Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 105121%
3			Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1175%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1228%
4			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1381149%
5			High stock price volatility Vol 12M is 343%
6			Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 621%

0	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 5865%
1	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -100%
2	Weak multi-year price returns 2Y Excs Rtn is -153%, 3Y Excs Rtn is -178%
3	Penny stock Mkt Price is 0.3
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -243 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2598%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 105121%
6	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1175%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1228%
7	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -1381149%
8	High stock price volatility Vol 12M is 343%
9	Significant short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 621%

Market Valuation & Key Metrics

Valuation
Key Metrics

	10/14/25	2024	2023	2022	2021
Share Price CYE	$0.55	$4,500,000,000,000.00	$5,358,750,000,000,000.00	$2,413,125,000,000,000,000.00	$44,128,124,999,999,996,000.00
Market Cap CYE ($ Mil)	0.1	4,500,000.0	-	-	-
Total Debt ($ Mil)	36.0	19.9	13.2	13.8	41.9
Total Cash ($ Mil)	0.5	10.3	155.3	54.1	0.0
Enterprise Value ($ Mil)	35.6	4,500,019.9
Valuation Ratios
P/S TTM	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM	0.0	0.0	0.0	0.0	-7650656991.0
P/E TTM	0.0	0.0	0.0	0.0	-3989832411.8
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.3
P/EBIT TTM (Sector)	6.7	6.8	7.0	5.6	7.5
P/E TTM (Sector)	8.7	7.7	9.0	7.4	9.2

	10/14/25	2024	2023
Share Price CYE	$0.55	$4,500,000,000,000.00	$5,358,750,000,000,000.00
Market Cap CYE ($ Mil)	0.1	4,500,000.0	-
Total Debt ($ Mil)	36.0	19.9	13.2
Total Cash ($ Mil)	0.5	10.3	155.3
Enterprise Value ($ Mil)	35.6	4,500,019.9
Valuation Ratios
P/S TTM	0.0	0.0	0.0
P/EBIT TTM	0.0	0.0	0.0
P/E TTM	0.0	0.0	0.0
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	6.7	6.8	7.0
P/E TTM (Sector)	8.7	7.7	9.0

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BINI Stock

Return (1M):

Factor Drivers of Stock Movement

The -100.0% change in BINI stock from 7/14/2025 to 10/13/2025 was primarily driven by a -248820.0% change in the company's Shares Outstanding (Mil).

	7142025	10132025	Change
Stock Price ($)	7350.00	0.34	-100.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	8.93	9.34	4.57%
P/S Multiple	0.03	0.00	-88.99%
Shares Outstanding (Mil)	0.00	0.10	-248820.00%
Cumulative Contribution			-28739.28%

LTM = Last Twelve Months as of date shown

The -100.0% change in BINI stock from 4/14/2025 to 10/13/2025 was primarily driven by a -9956700.0% change in the company's Shares Outstanding (Mil).

	4142025	10132025	Change
Stock Price ($)	11500000.00	0.34	-100.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	4.01	9.34	132.64%
P/S Multiple	2.86	0.00	-99.87%
Shares Outstanding (Mil)	0.00	0.10	-9956700.00%
Cumulative Contribution			-29409.74%

LTM = Last Twelve Months as of date shown

The -100.0% change in BINI stock from 10/13/2024 to 10/13/2025 was primarily driven by a 5865.4% change in the company's Total Revenues ($ Mil).

	10132024	10132025	Change
Stock Price ($)	7987500000000.00	0.34	-100.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	0.16	9.34	5865.42%
P/S Multiple	�	0.00	�
Shares Outstanding (Mil)	�	0.10	�
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

The null change in BINI stock from 10/14/2022 to 10/13/2025 was primarily driven by a -9956700.0% change in the company's Shares Outstanding (Mil).

	10142022	10132025	Change
Stock Price ($)	1950750000000000000.00	0.34	-100.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	0.00	9.34	∞%
P/S Multiple	∞	0.00	-100.00%
Shares Outstanding (Mil)	0.00	0.10	-9956700.00%
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
BINI Return	335%	-63%	-95%	-100%	-100%	-100%	-100%
Peers Return	-0%	28%	-25%	7%	-38%	-24%	-52%
S&P 500 Return	16%	27%	-19%	24%	23%	13%	103%
Monthly Win Rates [3]
BINI Win Rate	50%	33%	33%	17%	25%	0%
Peers Win Rate	22%	38%	23%	43%	32%	62%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
BINI Max Drawdown	-51%	-64%	-96%	-100%	-100%	-100%
Peers Max Drawdown	-17%	-2%	-28%	-7%	-43%	-43%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: F, HMC, GGR, AIIO, CJET.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/13/2025 (YTD)

Downturns Compared

Unique Key	Event	BINI	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-100.0%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	4812087.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-65.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	193.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	154 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-83.9%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	519.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-85.1%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	573.3%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1008 days	1480 days

How Low Can It Go?

Bollinger Innovations's stock fell -100.0% during the 2022 Inflation Shock from a high on 2/18/2021. A -100.0% loss requires a 4812087.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Bollinger Innovations (BINI)

Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.

Better Bets than Bollinger Innovations (BINI)

	BINI	Better Performance than BINI
Metric	Value	Industry (Automobile Manufacturers)
Rev Chg LTM	5865.4%
Op Mgn LTM	-2598.0%	TSLA (6.2%), TM (9.6%), RACE (28.9%), MBGAF (6.1%), GM (5.7%)
CFO/Rev LTM	-1175.4%	TSLA (17.0%), TM (10.1%), RACE (33.0%), MBGAF (15.0%), GM (12.8%)
FCF/Rev LTM	-1228.2%	TSLA (6.0%), TM (-0.2%), RACE (18.2%), MBGAF (8.8%), GM (-1.0%)
Total Yield	-1381144.5%	TSLA (0.4%), TM (2226.4%), RACE (2.4%), MBGAF (11.5%), GM (10.1%)

	BINI	Better Performance than BINI
Metric	Value	Sector (Consumer Discretionary)
Rev Chg LTM	5865.4%
Op Mgn LTM	-2598.0%	AMZN (11.4%), TSLA (6.2%), BABA (14.6%), HD (13.1%), TM (9.6%)
CFO/Rev LTM	-1175.4%	AMZN (18.1%), TSLA (17.0%), BABA (15.0%), HD (10.8%), TM (10.1%)
FCF/Rev LTM	-1228.2%	AMZN (2.0%), TSLA (6.0%), BABA (15.0%), HD (8.6%), TM (-0.2%)
Total Yield	-1381144.5%	AMZN (3.0%), TSLA (0.4%), BABA (37.8%), HD (6.3%), TM (2226.4%)

	BINI	Better Performance than BINI
Metric	Value	All Other Sectors
Rev Chg LTM	5865.4%	UEC (29737.9%), SPRY (22367.8%), GERN (11877.2%), CRMD (14970.3%), KROS (85820.3%)
Op Mgn LTM	-2598.0%	NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM	-1175.4%	NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM	-1228.2%	NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield	-1381144.5%	NVDA (1.9%), MSFT (3.3%), AAPL (3.1%), GOOGL (4.2%), META (4.0%)

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Day 16 of Loss Streak for Bollinger Innovations Stock with -93% Return (vs. -100% YTD) [10/7/2025]	Notification
2	Day 16 of Loss Streak for Bollinger Innovations Stock with -93% Return (vs. -100% YTD) [10/7/2025]	Notification
3	Day 15 of Loss Streak for Bollinger Innovations Stock with -93% Return (vs. -100% YTD) [10/6/2025]	Notification
4	Day 14 of Loss Streak for Bollinger Innovations Stock with -90% Return (vs. -100% YTD) [10/3/2025]	Notification
5	Day 13 of Loss Streak for Bollinger Innovations Stock with -89% Return (vs. -100% YTD) [10/2/2025]	Notification
6	Day 12 of Loss Streak for Bollinger Innovations Stock with -85% Return (vs. -100% YTD) [10/1/2025]	Notification
7	Day 12 of Loss Streak for Bollinger Innovations Stock with -85% Return (vs. -100% YTD) [10/1/2025]	Notification
8	Day 12 of Loss Streak for Bollinger Innovations Stock with -87% Return (vs. -100% YTD) [10/1/2025]	Notification
9	Day 11 of Loss Streak for Bollinger Innovations Stock with -84% Return (vs. -100% YTD) [9/30/2025]	Notification
10	Day 11 of Loss Streak for Bollinger Innovations Stock with -84% Return (vs. -100% YTD) [9/30/2025]	Notification

	Title
0	ARTICLES
1	Day 16 of Loss Streak for Bollinger Innovations Stock with -93% Return (vs. -100% YTD) [10/7/2025]
2	Day 16 of Loss Streak for Bollinger Innovations Stock with -93% Return (vs. -100% YTD) [10/7/2025]
3	Day 15 of Loss Streak for Bollinger Innovations Stock with -93% Return (vs. -100% YTD) [10/6/2025]
4	Day 14 of Loss Streak for Bollinger Innovations Stock with -90% Return (vs. -100% YTD) [10/3/2025]
5	Day 13 of Loss Streak for Bollinger Innovations Stock with -89% Return (vs. -100% YTD) [10/2/2025]
6	Day 12 of Loss Streak for Bollinger Innovations Stock with -85% Return (vs. -100% YTD) [10/1/2025]
7	Day 12 of Loss Streak for Bollinger Innovations Stock with -85% Return (vs. -100% YTD) [10/1/2025]
8	Day 12 of Loss Streak for Bollinger Innovations Stock with -87% Return (vs. -100% YTD) [10/1/2025]
9	Day 11 of Loss Streak for Bollinger Innovations Stock with -84% Return (vs. -100% YTD) [9/30/2025]
10	Day 11 of Loss Streak for Bollinger Innovations Stock with -84% Return (vs. -100% YTD) [9/30/2025]

Trade Ideas

Select past trade ideas related to BINI and Automobile Manufacturers.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ANF_9302025_Dip_Buyer_FCFYield	09302025	ANF	Abercrombie & Fitch	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-14.2%	-14.2%	-14.2%
DECK_9302025_Dip_Buyer_FCFYield	09302025	DECK	Deckers Outdoor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-6.2%	-6.2%	-6.2%
CHH_9302025_Dip_Buyer_ValueBuy	09302025	CHH	Choice Hotels International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-7.6%	-7.6%	-7.6%
VAC_9302025_Dip_Buyer_ValueBuy	09302025	VAC	Marriott Vacations Worldwide	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-6.1%	-6.1%	-6.1%
FUN_9302025_Short_Squeeze	09302025	FUN	Six Flags Entertainment	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-11.7%	-11.7%	-11.7%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ANF_9302025_Dip_Buyer_FCFYield	09302025	ANF	Abercrombie & Fitch	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-14.2%	-14.2%	-14.2%
DECK_9302025_Dip_Buyer_FCFYield	09302025	DECK	Deckers Outdoor	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-6.2%	-6.2%	-6.2%
CHH_9302025_Dip_Buyer_ValueBuy	09302025	CHH	Choice Hotels International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-7.6%	-7.6%	-7.6%
VAC_9302025_Dip_Buyer_ValueBuy	09302025	VAC	Marriott Vacations Worldwide	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-6.1%	-6.1%	-6.1%
FUN_9302025_Short_Squeeze	09302025	FUN	Six Flags Entertainment	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	-11.7%	-11.7%	-11.7%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	UAMY	United States Antimony	36.9%	844.1%
2	ASPI	ASP Isotopes	31.5%	194.0%
3	BITF	Bitfarms	28.3%	261.7%
4	BE	Bloom Energy	26.5%	394.9%
5	RGTI	Rigetti Computing	25.0%	259.8%
6	POWI	Power Integrations	24.6%	-29.2%
7	EOSE	Eos Energy Enterprises	23.4%	250.8%
8	QBTS	D-Wave Quantum	23.0%	383.6%
9	BBAI	BigBear.ai	22.0%	98.0%
10	FLNC	Fluence Energy	21.4%	0.1%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	SRRK	Scholar Rock	-13.1%	-20.7%
2	BETR	Better Home & Finance	-10.7%	469.6%
3	PTGX	Protagonist Therapeutics	-9.0%	105.1%
4	ETON	Eton Pharmaceuticals	-8.0%	35.7%
5	BALY	Ballys	-8.0%	-32.6%
6	FAST	Fastenal	-7.5%	19.6%
7	AVXL	Anavex Life Sciences	-7.0%	-19.7%
8	BYRN	Byrna Technologies	-6.7%	-14.6%
9	CRSP	CRISPR Therapeutics	-6.5%	73.5%
10	LVS	Las Vegas Sands	-6.3%	-8.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	UAMY	United States Antimony	106.6%	844.1%
2	BITF	Bitfarms	55.8%	261.7%
3	ASPI	ASP Isotopes	48.5%	194.0%
4	USAR	USA Rare Earth	47.0%	129698.7%
5	UUUU	Energy Fuels	40.6%	363.4%
6	TMC	TMC The Metals	38.5%	854.5%
7	SES	SES AI	37.9%	53.0%
8	GLUE	Monte Rosa Therapeutics	35.8%	49.9%
9	APGE	Apogee Therapeutics	35.5%	19.1%
10	METC	Ramaco Resources	34.7%	418.5%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	VG	Venture Global	-35.2%
2	BN	Brookfield	-34.2%	17.5%
3	BNT	Brookfield Wealth Solutions	-34.1%	17.5%
4	BBBY	Bed Bath & Beyond	-28.6%
5	HELE	Helen Of Troy	-25.9%	-67.4%
6	PENG	Penguin Solutions	-23.8%	16.3%
7	USNA	Usana Health Sciences	-22.8%	-42.8%
8	TASK	TaskUs	-22.4%	-21.8%
9	NFE	New Fortress Energy	-21.8%	-87.4%
10	OPEN	Opendoor Technologies	-21.7%	354.4%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	WOLF	Wolfspeed	1297.9%	389.0%
2	QURE	uniQure	276.2%	251.2%
3	UAMY	United States Antimony	238.9%	844.1%
4	LAC	Lithium Americas	194.8%	183.8%
5	RGTI	Rigetti Computing	187.6%	259.8%
6	USAR	USA Rare Earth	175.1%	129698.7%
7	SES	SES AI	168.0%	53.0%
8	PLUG	Plug Power	156.6%	83.1%
9	CLPT	ClearPoint Neuro	150.4%	70.8%
10	BITF	Bitfarms	141.7%	261.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	ANGX	Angel Studios	-49.7%
2	REX	REX American Resources	-47.9%	52.0%
3	VG	Venture Global	-33.4%
4	USNA	Usana Health Sciences	-32.7%	-42.8%
5	FLY	Firefly Aerospace	-31.7%
6	LDI	loanDepot	-31.4%	43.6%
7	TIPT	Tiptree	-29.9%	-13.6%
8	GOSS	Gossamer Bio	-29.5%	169.7%
9	PGY	Pagaya Technologies	-29.5%	201.1%
10	IDT	IDT	-29.4%	-1.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	UAMY	United States Antimony	36.9%	844.1%
2	ASPI	ASP Isotopes	31.5%	194.0%
3	BITF	Bitfarms	28.3%	261.7%
4	BE	Bloom Energy	26.5%	394.9%
5	RGTI	Rigetti Computing	25.0%	259.8%
6	POWI	Power Integrations	24.6%	-29.2%
7	EOSE	Eos Energy Enterprises	23.4%	250.8%
8	QBTS	D-Wave Quantum	23.0%	383.6%
9	BBAI	BigBear.ai	22.0%	98.0%
10	FLNC	Fluence Energy	21.4%	0.1%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	SRRK	Scholar Rock	-13.1%	-20.7%
2	BETR	Better Home & Finance	-10.7%	469.6%
3	PTGX	Protagonist Therapeutics	-9.0%	105.1%
4	ETON	Eton Pharmaceuticals	-8.0%	35.7%
5	BALY	Ballys	-8.0%	-32.6%
6	FAST	Fastenal	-7.5%	19.6%
7	AVXL	Anavex Life Sciences	-7.0%	-19.7%
8	BYRN	Byrna Technologies	-6.7%	-14.6%
9	CRSP	CRISPR Therapeutics	-6.5%	73.5%
10	LVS	Las Vegas Sands	-6.3%	-8.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	UAMY	United States Antimony	106.6%	844.1%
2	BITF	Bitfarms	55.8%	261.7%
3	ASPI	ASP Isotopes	48.5%	194.0%
4	USAR	USA Rare Earth	47.0%	129698.7%
5	UUUU	Energy Fuels	40.6%	363.4%
6	TMC	TMC The Metals	38.5%	854.5%
7	SES	SES AI	37.9%	53.0%
8	GLUE	Monte Rosa Therapeutics	35.8%	49.9%
9	APGE	Apogee Therapeutics	35.5%	19.1%
10	METC	Ramaco Resources	34.7%	418.5%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	VG	Venture Global	-35.2%
2	BN	Brookfield	-34.2%	17.5%
3	BNT	Brookfield Wealth Solutions	-34.1%	17.5%
4	BBBY	Bed Bath & Beyond	-28.6%
5	HELE	Helen Of Troy	-25.9%	-67.4%
6	PENG	Penguin Solutions	-23.8%	16.3%
7	USNA	Usana Health Sciences	-22.8%	-42.8%
8	TASK	TaskUs	-22.4%	-21.8%
9	NFE	New Fortress Energy	-21.8%	-87.4%
10	OPEN	Opendoor Technologies	-21.7%	354.4%

Peer Comparisons for Bollinger Innovations

Financials

	BINI	F	HMC	GGR	AIIO	CJET	Median
Name	Bollinge.	Ford Mot.	Honda Mo.	Gogoro	Robo.ai	Chijet M.
Mkt Price	0.34	11.54	30.14	4.47	1.52	0.12	3.00
Mkt Cap	0.0	45.8	42.2	0.1	-	-	21.1
Rev LTM	9	182,874	21,624,177	305	-	-	91,589
Op Inc LTM	-243	4,313	972,951	-89	-	-	2,112
FCF LTM	-115	9,309	-381,342	-108	-	-	-111
FCF 3Y Avg	-197	5,908	160,898	-112	-	-	2,898
CFO LTM	-110	17,717	459,074	0	-	-	8,859
CFO 3Y Avg	-152	13,986	878,661	10	-	-	6,998

Growth & Margins

	BINI	F	HMC	GGR	AIIO	CJET	Median
Name	Bollinge.	Ford Mot.	Honda Mo.	Gogoro	Robo.ai	Chijet M.
Rev Chg LTM	5,865.4%	3.0%	2.0%	-10.5%	-	-	2.5%
Rev Chg 3Y Avg	-	11.1%	13.8%	-8.8%	-	-	11.1%
Rev Chg Q	626.1%	-5.0%	-1.2%	-8.7%	-	-	-3.1%
QoQ Delta Rev Chg LTM	4.6%	-1.1%	-0.3%	-2.0%	-	-	-0.7%
Op Mgn LTM	-2,598.0%	2.4%	4.5%	-29.2%	-	-	-13.4%
Op Mgn 3Y Avg	-87,638.6%	3.1%	5.6%	-43.9%	-	-	-20.4%
QoQ Delta Op Mgn LTM	162.3%	-0.5%	-1.1%	1.7%	-	-	0.6%
CFO/Rev LTM	-1,175.4%	9.7%	2.1%	0.0%	-	-	1.1%
CFO/Rev 3Y Avg	-59,995.6%	7.9%	4.7%	3.2%	-	-	3.9%
FCF/Rev LTM	-1,228.2%	5.1%	-1.8%	-35.4%	-	-	-18.6%
FCF/Rev 3Y Avg	-75,411.1%	3.3%	1.1%	-32.8%	-	-	-15.8%

Valuation

	BINI	F	HMC	GGR	AIIO	CJET	Median
Name	Bollinge.	Ford Mot.	Honda Mo.	Gogoro	Robo.ai	Chijet M.
Mkt Cap	0.0	45.8	42.2	0.1	-	-	21.1
P/S	0.0	0.3	0.0	0.2	-	-	0.1
P/EBIT	-0.0	6.2	0.0	-0.6	-	-	0.0
P/E	-0.0	9.1	0.1	-0.5	-	-	0.0
P/CFO	-0.0	2.6	0.1	618.4	-	-	1.3
Total Yield	-1,381,144.5%	14.9%	2,238.8%	-199.3%	-	-	-92.2%
Dividend Yield	0.0%	3.9%	728.0%	0.0%	-	-	2.0%
FCF Yield 3Y Avg	-	12.4%	263.4%	-1,335.8%	-	-	12.4%
D/E	1,064.6	3.4	0.0	6.4	-	-	4.9
Net D/E	1,051.2	2.7	-98.8	4.9	-	-	3.8

Returns

	BINI	F	HMC	GGR	AIIO	CJET	Median
Name	Bollinge.	Ford Mot.	Honda Mo.	Gogoro	Robo.ai	Chijet M.
1M Rtn	-98.0%	-1.2%	-10.1%	-32.8%	4.1%	-1.7%	-5.9%
3M Rtn	-100.0%	-1.6%	-3.0%	-41.2%	-	-95.3%	-41.2%
6M Rtn	-100.0%	22.2%	7.1%	-28.9%	-	-93.7%	-28.9%
12M Rtn	-100.0%	15.8%	-4.9%	-62.2%	-	-93.7%	-62.2%
3Y Rtn	-100.0%	25.3%	39.2%	-92.6%	-	-	-33.6%
1M Excs Rtn	-99.1%	-2.3%	-11.2%	-33.9%	3.0%	-2.7%	-7.0%
3M Excs Rtn	-106.6%	-5.5%	-8.8%	-37.4%	-	-101.8%	-37.4%
6M Excs Rtn	-124.1%	3.1%	-15.0%	-27.7%	-	-117.5%	-27.7%
12M Excs Rtn	-114.9%	2.0%	-19.1%	-79.9%	-	-108.8%	-79.9%
3Y Excs Rtn	-177.7%	-59.4%	-41.6%	-171.9%	-	-	-115.6%

Financials

Annual
Quarterly

$ Mil \| FY: 9/30	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019
Filing Date	8/14/2025	1/24/2025	1/17/2024	1/13/2023	12/29/2021	7/27/2021	7/27/2021
Key Financials
Total Revenue	9	1	0	0	0	0	0
EBITDA	-374	-438	-996	-710	-22	-11	-11
Operating Income	-243	-273	-293	-97	-22	-12	-12
Net Income	-468	-457	-972	-740	-44	-30	-41
EPS	-	-	-	-	-44240580.00	-30177962.00	-40839809.00
Growth Rates
Total Revenue Growth	5865.4%	199.0%	∞%	-	-	-	-
EBITDA Growth	26.6%	56.0%	-40.3%	-3077.0%	-96.8%	-5.1%	-
Operating Income Growth	16.6%	7.0%	-202.2%	-332.9%	-85.2%	0.9%	-
Net Income Growth	-3.1%	53.0%	-31.5%	-1571.6%	-46.6%	26.1%	-
Margins
EBITDA Margin	-4005.1%	-40057.1%	-272203.8%	-	-	-	-
Operating Income Margin	-2598.0%	-24913.8%	-80093.3%	-	-	-	-
Net Income Margin	-5006.0%	-41766.4%	-265643.3%	-	-	-	-
Cash & Debt
Total Cash	0	10	155	54	0	0	2
Total Debt	36	20	13	14	42	35	30
Net Debt / (Cash)	36	10	-142	-40	42	35	28
Cash Flows
Net Cash from Operations	-110	-186	-179	-66	-18	-11	-4
Free Cash from Operations	-115	-200	-287	-83	-18	-11	-4
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	6	-0	-0	-0	-0

$ Mil \| FY: 9/30	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/14/2025	5/20/2025	2/19/2025	1/24/2025	8/12/2024	5/14/2024	2/13/2024	1/17/2024	8/14/2023	5/15/2023	2/14/2023	1/13/2023
Key Financials Quarterly
Total Revenue	0	5	3	1	0	0	0	0	0	0	0	0
Ebitda	-103	-42	-95	-134	-80	-163	-61	-205	-308	-112	-371	-255
Operating Income	-58	-54	-51	-80	-62	-72	-59	-98	-54	-68	-74	-34
Net Income	-130	-47	-115	-176	-87	-132	-61	-172	-309	-115	-376	-254
EPS	-1303.87	-1177530.02	-114913285.00	�	�	�	�	�	�	�	�	�
Key Financials TTM
Total Revenue TTM	9	9	4	1	0	0	0	0	0	0	0	0
Ebitda TTM	-374	-351	-473	-438	-510	-738	-686	-996	-1,046	-738	-948	-710
Operating Income TTM	-243	-247	-265	-273	-291	-283	-279	-293	-230	-194	-157	-97
Net Income TTM	-468	-425	-511	-457	-453	-675	-657	-972	-1,054	-750	-960	-740
Growth Rates Quarterly
Total Revenue Growth	626.1%	14749.7%	-	1616.8%	-78.8%	-	-	-	-	-	-	-
EBITDA Growth	-29.0%	74.5%	-56.1%	34.7%	74.0%	-46.2%	83.5%	19.6%	-38097.3%	65.3%	-178.5%	-3586.3%
Operating Income Growth	6.3%	25.2%	13.4%	18.6%	-14.7%	-5.9%	19.3%	-185.6%	-195.3%	-122.9%	-423.7%	-368.5%
Net Income Growth	-48.5%	64.5%	-87.1%	-2.1%	71.7%	-15.2%	83.7%	32.2%	-6272.0%	64.6%	-141.1%	-1628.6%
Margins Quarterly
EBITDA Margin	-21759.7%	-840.0%	-3266.1%	-13461.5%	-122468.0%	-489878.9%	-	-354060.8%	-99924.7%	-	-	-
Operating Income Margin	-12213.5%	-1086.5%	-1761.2%	-7992.4%	-94643.8%	-215711.2%	-	-168664.7%	-17469.6%	-	-	-
Net Income Margin	-27386.2%	-951.0%	-3933.9%	-17662.2%	-133917.1%	-397276.0%	-	-296909.0%	-100278.6%	-	-	-
Cash & Debt
Total Cash	0	1	2	10	4	22	82	155	214	60	68	54
Total Debt	36	25	27	20	17	16	19	13	13	14	104	14
Net Debt / (Cash)	36	24	25	10	14	-6	-63	-142	-201	-46	36	-40
Cash Flows Quarterly
FCF from Operations	-21	-23	-26	-40	-37	-49	-60	-66	-46	-34	-33	-23
Cash Flows TTM
FCF from Operations TTM	-110	-126	-151	-186	-211	-220	-206	-179	-136	-108	-84	-66
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-9.1%	-8.8%	-8.7%	-13.8%	-11.3%	-13.2%	-11.2%	-19.3%	-12.3%	-18.0%	-24.0%	-15.1%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-9.6%	-10.1%	-11.2%	-11.8%	-12.9%	-12.9%	-13.2%	-15.0%	-13.1%	-12.9%	-12.8%	-10.7%

Segment Financials

Revenue by Segment

$ Mil	2024	2023
Mullen Commercial	0
Bollinger Motors	0
Vehicle sales		0
Total	0	0

Net Income by Segment

$ Mil	2024	2023	2022	2021	2020
Bollinger Motors	-83
Mullen Commercial	-923
Total	-1,007

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Mullen Commercial	252
Bollinger Motors	169
Single segment		303	17	22	23
Total	422	303	17	22	23

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$0.34
Market Cap ($ Bil)	0.0
First Trading Date	10/17/2008
Distance from 52W High	-100.0%
	50 Days	200 Days
DMA Price	$142.21	$359,363,362,876.02
DMA Trend	down	down
Distance from DMA	-99.8%	-100.0%
	3M	1YR
Volatility	221.7%	343.4%
Downside Capture	3722.50	1989.52
Upside Capture	-2551.73	-1188.22
Correlation (SPY)	20.4%	6.5%

BINI Betas & Captures as of 9/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	2.77	-0.60	-1.08	-0.11	0.85	1.28
Up Beta	2.47	-2.08	-3.61	-1.24	-2.06	0.24
Down Beta	11.28	-2.15	-3.35	1.51	3.55	3.19
Up Capture	-1398%	-711%	-515%	-127%	-58%	-5%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	2	5	10	17	54	209
Down Capture	2673%	1300%	1026%	301%	176%	111%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	19	36	53	108	192	530

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	9302025
Short Interest: Shares Quantity	618,689
Short Interest: % Change Since 9152025	-91.1%
Average Daily Volume	1,388,455
Days-to-Cover Short Interest	1
Basic Shares Quantity	99,568
Short % of Basic Shares	621.4%

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/14/2025	-25.0%	-46.9%	-90.5%
5/20/2025	-41.3%	-53.0%	-96.1%
1/24/2025	-26.3%	-35.1%	-91.1%
8/6/2024	5.5%	-31.3%	-71.5%
5/14/2024	-8.6%	-29.6%	-56.4%
8/14/2023	1.0%	-36.3%	-51.7%
5/15/2023	-2.4%	-24.0%	-82.0%
2/14/2023	-8.8%	-32.1%	-60.5%
...
SUMMARY STATS
# Positive	3	2	3
# Negative	12	13	12
Median Positive	5.5%	34.7%	14.8%
Median Negative	-5.8%	-29.6%	-58.4%
Max Positive	5.6%	65.1%	62.2%
Max Negative	-41.3%	-53.0%	-96.1%

	Forward Returns
8/14/2025	-25.0%	-46.9%	-90.5%
5/20/2025	-41.3%	-53.0%	-96.1%
1/24/2025	-26.3%	-35.1%	-91.1%
8/6/2024	5.5%	-31.3%	-71.5%
5/14/2024	-8.6%	-29.6%	-56.4%
8/14/2023	1.0%	-36.3%	-51.7%
5/15/2023	-2.4%	-24.0%	-82.0%
2/14/2023	-8.8%	-32.1%	-60.5%
3/31/2022	-1.7%	-12.5%	-56.4%
8/16/2021	-2.4%	-8.7%	-18.0%
3/31/2021	5.6%	4.4%	4.2%
11/16/2020	-3.9%	65.1%	62.2%
8/14/2020	-1.2%	-11.1%	-37.9%
3/30/2020	-4.1%	-15.5%	14.8%
11/14/2019	-7.5%	-18.2%	-23.9%
SUMMARY STATS
# Positive	3	2	3
# Negative	12	13	12
Median Positive	5.5%	34.7%	14.8%
Median Negative	-5.8%	-29.6%	-58.4%
Max Positive	5.6%	65.1%	62.2%
Max Negative	-41.3%	-53.0%	-96.1%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
6302025	8142025	10-Q 6/30/2025
3312025	5202025	10-Q 3/31/2025
12312024	2192025	10-Q 12/31/2024
9302024	1242025	10-K 9/30/2024
6302024	8122024	10-Q 6/30/2024
3312024	5142024	10-Q 3/31/2024
12312023	2132024	10-Q 12/31/2023
9302023	1172024	10-K 9/30/2023
6302023	8142023	10-Q 6/30/2023
3312023	5152023	10-Q 3/31/2023
12312022	2142023	10-Q 12/31/2022
9302022	1132023	10-K 9/30/2022
6302022	8122022	10-Q 6/30/2022
3312022	5162022	10-Q 3/31/2022
12312021	2142022	10-Q 12/31/2021
9302021	12292021	10-K 9/30/2021

Insider Activity

Expand for More

	Owner	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	HRT FINANCIAL LP	4082025	Buy	0.08	546,706	43,736	53,231	Form
1	WINTER MARY	2282025	Sell	3.73	2,716	10,131		Form
2	ANDERSEN JOHN KEVIN	2212025	Sell	0.34	287,437	98,792	172	Form
3	NOVOA IGNACIO	2212025	Sell	0.87	152,865	133,176	8,830	Form
4	WINTER MARY	1072025	Sell	33.90	556	18,848	34	Form

External Quote Links

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2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Bollinger Innovations (BINI)

Market Price (10/14/2025): $0.55 | Market Cap: $54,762Sector: Consumer Discretionary | Industry: Automobile Manufacturers

Bollinger Innovations (BINI)

Market Price (10/14/2025): $0.55Market Cap: $54,762Sector: Consumer DiscretionaryIndustry: Automobile Manufacturers

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Market Price (10/14/2025): $0.55 | Market Cap: $54,762
Sector: Consumer Discretionary | Industry: Automobile Manufacturers

Market Price (10/14/2025): $0.55
Market Cap: $54,762
Sector: Consumer Discretionary
Industry: Automobile Manufacturers