BOXL · Boxlight Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.44M | - | $29.34M | $30.85M | - | $36.29M | $38.51M | $37.09M | - | $49.67M |
| Cost of Revenue | $15.50M | - | $20.80M | $20.06M | - | $24.04M | $23.99M | $24.28M | - | $31.65M |
| Gross Profit | $8.04M | - | $8.54M | $10.79M | - | $12.25M | $14.53M | $12.81M | - | $18.01M |
| R&D | $936.0K | - | $1.12M | $1.13M | - | $1.02M | $985.0K | $1.17M | - | $979.0K |
| SG&A | $7.58M | - | $8.73M | $13.57M | - | $12.09M | $12.32M | $15.25M | - | $15.41M |
| Total Operating Expenses | $10.95M | - | $12.48M | $14.70M | - | $13.11M | $13.31M | $16.42M | - | $29.61M |
| D&A | $2.46M | - | $2.08M | - | - | - | - | $2.07M | - | - |
| Operating Income | ($4.90M) | - | ($3.94M) | ($3.91M) | - | ($859.0K) | $1.22M | ($3.60M) | - | ($11.60M) |
| Interest Expense | - | - | - | - | - | - | - | $2.61M | - | $2.99M |
| Income Tax | ($385.0K) | - | ($261.0K) | $274.0K | - | ($12.0K) | ($91.0K) | $870.0K | - | $3.07M |
| Net Income | ($3.24M) | - | ($6.18M) | ($4.72M) | - | ($3.06M) | ($1.48M) | ($7.09M) | - | ($17.75M) |
| EPS - Basic | ($8.45) | - | ($11.28) | ($9.18) | - | ($10.20) | ($5.40) | ($22.80) | - | ($57.00) |
| EPS - Diluted | ($2.25) | - | ($11.28) | ($9.18) | - | ($10.20) | ($5.40) | ($22.80) | - | ($57.00) |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.89M | $9.37M | $11.81M | $7.61M | $8.01M | $10.49M | $7.51M | $11.81M | $17.25M | $18.41M |
| Accounts Receivable | $13.81M | $15.36M | $19.68M | $21.44M | $18.32M | $25.39M | $29.15M | $26.52M | $29.52M | $40.42M |
| Inventory | $36.62M | $38.13M | $26.07M | $28.19M | $43.27M | $42.32M | $37.85M | $39.16M | $44.13M | $44.14M |
| Accounts Payable | - | - | $10.45M | $7.18M | $20.70M | $19.10M | $16.14M | $18.75M | $27.45M | $30.10M |
| Current Assets | $65.49M | $69.48M | $69.93M | $66.20M | $78.38M | $87.36M | $85.12M | $86.48M | $100.38M | $111.08M |
| Total Assets | $90.67M | $97.54M | $99.59M | $99.20M | $115.31M | $141.40M | $138.77M | $142.38M | $158.57M | $180.37M |
| Current Liabilities | $40.23M | $42.85M | $68.41M | $66.74M | $77.04M | $41.53M | $38.46M | $39.89M | $46.23M | $49.65M |
| Long-term Debt | $32.87M | $32.88M | $36.69M | $39.03M | $0 | $37.11M | $37.14M | $37.40M | $39.13M | $43.35M |
| Total Liabilities | $92.68M | $96.29M | $90.54M | $91.32M | $99.69M | $106.34M | $102.78M | $104.79M | $113.31M | $121.22M |
| Stockholders' Equity | ($2.01M) | $1.25M | ($19.46M) | ($20.63M) | ($12.90M) | $6.54M | $7.48M | $9.08M | $16.75M | $30.64M |
| Retained Earnings | ($162.94M) | ($156.42M) | ($146.76M) | ($140.57M) | ($132.61M) | ($115.90M) | ($112.84M) | ($111.36M) | ($104.28M) | ($86.60M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($4.68M) | - | - | - | - | - | - | ($1.94M) | - | - |
| Investing Cash Flow | ($127.0K) | - | - | - | - | - | - | ($394.0K) | - | - |
| Financing Cash Flow | $4.61M | - | - | - | - | - | - | ($2.62M) | - | - |
| CapEx | $127.0K | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | ($4.81M) | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 35.8% | - | 29.1% | 35.0% | - | 33.8% | 37.7% | 34.5% | - | 36.3% |
| Operating margin | -21.9% | - | -13.4% | -12.7% | - | -2.4% | 3.2% | -9.7% | - | -23.4% |
| EBITDA margin | -10.9% | - | -6.4% | - | - | - | - | -4.1% | - | - |
| Net margin | -14.5% | - | -21.1% | -15.3% | - | -8.4% | -3.8% | -19.1% | - | -35.7% |
| Free cash flow margin | -21.4% | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 1.48 | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | 4.2% | - | 3.8% | 3.7% | - | 2.8% | 2.6% | 3.2% | - | 2.0% |
| SG&A / Revenue | 33.8% | - | 29.8% | 44.0% | - | 33.3% | 32.0% | 41.1% | - | 31.0% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -3.6% | - | -6.2% | -4.8% | - | -2.2% | -1.1% | -5.0% | - | -9.8% |
| Return on equity | 161.3% | - | 31.8% | 22.9% | - | -46.8% | -19.7% | -78.0% | - | -57.9% |
| Return on invested capital | -12.6% | - | -18.1% | -16.8% | - | -1.6% | 2.2% | -6.1% | - | -12.4% |
| Liquidity | ||||||||||
| Current ratio | 1.63 | 1.62 | 1.02 | 0.99 | 1.02 | 2.10 | 2.21 | 2.17 | 2.17 | 2.24 |
| Quick ratio | 0.72 | 0.73 | 0.64 | 0.57 | 0.46 | 1.08 | 1.23 | 1.19 | 1.22 | 1.35 |
| Cash ratio | 0.17 | 0.22 | 0.17 | 0.11 | 0.10 | 0.25 | 0.20 | 0.30 | 0.37 | 0.37 |
| Leverage | ||||||||||
| Debt / Equity | -16.34 | 26.20 | -1.89 | -1.89 | 0.00 | 5.67 | 4.96 | 4.12 | 2.34 | 1.41 |
| Debt / Assets | 0.36 | 0.34 | 0.37 | 0.39 | 0.00 | 0.26 | 0.27 | 0.26 | 0.25 | 0.24 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | -1.4x | - | -3.9x |
| Equity multiplier | -45.09 | 77.72 | -5.12 | -4.81 | -8.94 | 21.61 | 18.54 | 15.68 | 9.47 | 5.89 |
| Liabilities / Assets | 1.02 | 0.99 | 0.91 | 0.92 | 0.86 | 0.75 | 0.74 | 0.74 | 0.71 | 0.67 |
| Efficiency | ||||||||||
| Asset turnover | 0.25 | - | 0.29 | 0.31 | - | 0.26 | 0.28 | 0.26 | - | 0.28 |
| Inventory turnover | 0.42 | - | 0.80 | 0.71 | - | 0.57 | 0.63 | 0.62 | - | 0.72 |
| Days sales outstanding | 225d | - | 245d | 254d | - | 255d | 276d | 261d | - | 297d |
| Days inventory outstanding | 862d | - | 457d | 513d | - | 643d | 576d | 589d | - | 509d |
| Days payable outstanding | - | - | 183d | 131d | - | 290d | 246d | 282d | - | 347d |
| Cash conversion cycle | - | - | 519d | 636d | - | 608d | 607d | 568d | - | 459d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | 23.9x | 24.0x | 21.0x | - | 17.7x |
| P / S | 0.2x | - | 1.7x | 1.1x | - | 4.3x | 4.7x | 5.1x | - | 10.9x |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | -19.2% | -19.9% | - | -26.9% | -18.1% | -9.9% | - | -27.7% |
| Revenue CAGR (3y) | -18.3% | - | -24.7% | -19.7% | - | -15.9% | -6.3% | 3.5% | - | 73.7% |
| Revenue CAGR (5y) | -7.7% | - | 25.4% | 31.6% | - | 25.6% | 28.3% | 44.0% | - | 37.2% |
| Gross profit growth (YoY) | - | - | -30.3% | -25.7% | - | -32.0% | -18.5% | -15.4% | - | -14.3% |
| Operating income growth (YoY) | - | - | -359.1% | - | - | 92.6% | -41.1% | -1902.8% | - | - |
| Net income growth (YoY) | - | - | -102.0% | -219.3% | - | 82.8% | -82.2% | -142.4% | - | - |
| EPS growth (YoY) | - | - | -10.6% | -70.0% | - | 82.1% | -4400.0% | -56900.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - | -78.7% | -85.3% | -81.7% | -67.7% | -34.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$111.26M totalEurope Middle East And Africa Segment$58.35M · 52.5%
America Segment$51.72M · 46.5%
Geographic Regions Other Than America Europe Middle East And Africa Segment$1.19M · 1.1%
Product / service
$109.25M totalHardware$103.74M · 95.0%
Maintenance And Subscription Services$4.74M · 4.3%
Software And Embedded Firmware$648.0K · 0.6%
Professional Services$120.0K · 0.1%
Peer comparison
Same SIC group: Services-Educational Services
Comparing Boxlight Corp against the 5 most active filers in the same SIC group.