Blackboxstocks Inc Financials

BLBX

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Blackboxstocks Inc (BLBX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 16/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Blackboxstocks Inc has an operating margin of -128.9%, meaning the company retains $-129 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -170.6% the prior year.

Growth

Blackboxstocks Inc's revenue declined 17.4% year-over-year, from $3.1M to $2.6M. This contraction results in a growth score of 0/100.

Leverage

Blackboxstocks Inc carries a low D/E ratio of 0.83, meaning only $0.83 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Blackboxstocks Inc's current ratio of 0.27 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Blackboxstocks Inc generated -$706K in operating cash flow, capex of $0 consumed most of it, leaving -$706K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

2/9

Blackboxstocks Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.20x

For every $1 of reported earnings, Blackboxstocks Inc generates $0.20 in operating cash flow (-$706K OCF vs -$3.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$2.6M

YoY-17.4%

5Y CAGR+19.3%

Blackboxstocks Inc generated $2.6M in revenue in fiscal year 2024. This represents a decrease of 17.4% from the prior year.

EBITDA

-$3.3M

YoY+37.3%

Blackboxstocks Inc's EBITDA was -$3.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.3% from the prior year.

Free Cash Flow

-$706K

YoY+77.7%

Blackboxstocks Inc generated -$706K in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 77.7% from the prior year.

Net Income

-$3.5M

YoY+25.6%

Blackboxstocks Inc reported -$3.5M in net income in fiscal year 2024. This represents an increase of 25.6% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$17K

YoY-96.4%

5Y CAGR-4.3%

10Y CAGR-21.9%

Blackboxstocks Inc held $17K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

YoY+9.8%

Blackboxstocks Inc had 4M shares outstanding in fiscal year 2024. This represents an increase of 9.8% from the prior year.

Gross Margin

44.0%

YoY-2.4pp

5Y CAGR+9.4pp

Blackboxstocks Inc's gross margin was 44.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 2.4 percentage points from the prior year.

Operating Margin

-128.9%

YoY+41.7pp

5Y CAGR-34.3pp

Blackboxstocks Inc's operating margin was -128.9% in fiscal year 2024, reflecting core business profitability. This is up 41.7 percentage points from the prior year.

Net Margin

-135.2%

YoY+14.9pp

5Y CAGR+145.5pp

Blackboxstocks Inc's net profit margin was -135.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 14.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

YoY-100.0%

Blackboxstocks Inc invested $0 in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.

BLBX Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.6M-17.4%	$3.1M-37.4%	$5.0M-18.9%	$6.1M+81.5%	$3.4M+216.9%	$1.1M
Cost of Revenue	$1.4M-13.7%	$1.7M-19.9%	$2.1M+12.4%	$1.9M+54.1%	$1.2M+72.8%	$695K
Gross Profit	$1.1M-21.5%	$1.4M-50.0%	$2.9M-32.5%	$4.3M+96.7%	$2.2M+489.5%	$367K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.6M-30.6%	$5.1M+8.7%	$4.7M+2.3%	$4.6M+161.9%	$1.8M+69.5%	$1.0M
Operating Income	-$3.3M+37.5%	-$5.3M-16.5%	-$4.5M-99.6%	-$2.3M-451.9%	-$413K+58.9%	-$1.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0	$0	N/A
Net Income	-$3.5M+25.6%	-$4.7M+7.1%	-$5.0M-91.9%	-$2.6M-637.0%	-$355K+88.1%	-$3.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$697K+34.4%	$519K-11.6%	$587K+0.4%	$585K-14.6%	$685K+5.4%	$649K-16.9%	$781K+7.2%	$728K
Cost of Revenue	$323K-8.2%	$352K+2.5%	$343K-20.2%	$430K+20.7%	$356K-0.5%	$358K-22.8%	$464K+41.4%	$328K
Gross Profit	$374K+123.7%	$167K-31.5%	$244K+57.4%	$155K-52.8%	$329K+12.8%	$291K-8.2%	$317K-20.7%	$401K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$656K-42.0%	$1.1M+17.9%	$959K+15.1%	$833K-11.2%	$938K+3.6%	$906K-14.1%	$1.1M+10.2%	$957K
Operating Income	-$439K+61.6%	-$1.1M-28.8%	-$888K-0.2%	-$886K-7.4%	-$825K+4.5%	-$864K+17.7%	-$1.1M-20.8%	-$869K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	-$721K+43.2%	-$1.3M-53.1%	-$829K+12.6%	-$949K-8.1%	-$878K-1.6%	-$864K-29.3%	-$668K+0.6%	-$672K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BLBX Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$9.9M+0.6%	$9.8M+126.7%	$4.3M-61.1%	$11.2M+863.0%	$1.2M+312.6%	$281K
Current Assets	$1.2M+16.4%	$1.0M-74.2%	$3.9M-63.5%	$10.7M+882.0%	$1.1M+3948.8%	$27K
Cash & Equivalents	$17K-96.4%	$473K+11.1%	$426K-82.5%	$2.4M+149.4%	$973K+4494.9%	$21K
Inventory	$3K0.0%	$3K-77.6%	$15K+14.0%	$14K-23.2%	$18K	N/A
Accounts Receivable	$7K-60.4%	$18K-69.4%	$60K+220.8%	$19K+3.3%	$18K+213.1%	$6K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.5M+77.6%	$2.5M+17.3%	$2.2M-35.2%	$3.3M+14.3%	$2.9M-19.4%	$3.6M
Current Liabilities	$4.3M+91.2%	$2.2M+20.5%	$1.9M-36.7%	$2.9M+46.5%	$2.0M-43.7%	$3.6M
Long-Term Debt	N/A	N/A	N/A	N/A	$890K	$0
Total Equity	$5.4M-26.1%	$7.3M+235.1%	$2.2M-72.1%	$7.8M+544.7%	-$1.8M+47.3%	-$3.3M
Retained Earnings	-$23.0M-17.8%	-$19.5M-31.5%	-$14.8M-51.2%	-$9.8M-36.4%	-$7.2M-5.2%	-$6.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$8.8M-10.8%	$9.9M-3.5%	$10.2M+3.5%	$9.9M+0.1%	$9.9M+9.3%	$9.0M-8.1%	$9.8M+2.6%	$9.6M
Current Assets	$154K-87.1%	$1.2M-22.0%	$1.5M+31.1%	$1.2M+4.1%	$1.1M+380.6%	$234K-76.7%	$1.0M+24.3%	$811K
Cash & Equivalents	$93K+144.2%	$38K-82.3%	$215K+1164.1%	$17K-98.4%	$1.1M+818.1%	$115K-75.7%	$473K+2.0%	$463K
Inventory	$3K0.0%	$3K0.0%	$3K0.0%	$3K0.0%	$3K0.0%	$3K0.0%	$3K0.0%	$3K
Accounts Receivable	$14K+8722.6%	$155-98.1%	$8K+11.3%	$7K-58.7%	$17K+8.0%	$16K-11.1%	$18K-77.8%	$82K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.0M-35.9%	$6.3M+13.0%	$5.6M+23.9%	$4.5M+9.5%	$4.1M+65.0%	$2.5M-1.7%	$2.5M+46.5%	$1.7M
Current Liabilities	$3.9M-36.7%	$6.1M+13.9%	$5.4M+25.5%	$4.3M+11.0%	$3.8M+74.2%	$2.2M-1.2%	$2.2M+49.5%	$1.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$4.8M+33.4%	$3.6M-23.2%	$4.7M-13.5%	$5.4M-6.6%	$5.8M-11.8%	$6.5M-10.3%	$7.3M-7.1%	$7.9M
Retained Earnings	-$25.8M-2.9%	-$25.1M-5.3%	-$23.8M-3.6%	-$23.0M-8.1%	-$21.2M-4.3%	-$20.3M-4.4%	-$19.5M-3.5%	-$18.8M

BLBX Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$706K+77.7%	-$3.2M+26.1%	-$4.3M-537.2%	-$672K-568.4%	$144K+120.2%	-$711K
Capital Expenditures	$0-100.0%	$3K-96.0%	$66K+3.2%	$64K+4820.1%	$1K-18.1%	$2K
Free Cash Flow	-$706K+77.7%	-$3.2M+27.2%	-$4.4M-490.8%	-$736K-617.6%	$142K+120.0%	-$713K
Investing Cash Flow	-$1.1M-133.5%	$3.3M-25.8%	$4.4M+154.6%	-$8.1M-94751.4%	$9K+637.1%	-$2K
Financing Cash Flow	$1.3M+2488.6%	-$56K+97.3%	-$2.1M-120.8%	$10.2M+1175.0%	$800K+13.3%	$706K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$956K+9.0%	-$1.1M-63.1%	-$644K-2541.3%	-$24K+92.7%	-$333K+5.8%	-$354K-1162.6%	$33K+106.9%	-$482K
Capital Expenditures	N/A	N/A	N/A	$0	N/A	N/A	$0+100.0%	-$278
Free Cash Flow	N/A	N/A	N/A	-$24K	N/A	N/A	$33K+106.9%	-$482K
Investing Cash Flow	$0	$0	$0	$0	$0-100.0%	$3K+176.5%	-$4K-100.6%	$680K
Financing Cash Flow	$1.0M+15.8%	$873K+3.7%	$842K+4415.3%	-$20K-101.5%	$1.3M+17722.2%	-$7K+63.1%	-$20K-172.1%	-$7K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BLBX Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	44.0%-2.4pp	46.4%-11.7pp	58.0%-11.7pp	69.7%+5.4pp	64.3%+29.7pp	34.6%
Operating Margin	-128.9%+41.7pp	-170.6%-78.9pp	-91.7%-54.4pp	-37.3%-25.0pp	-12.3%+82.3pp	-94.6%
Net Margin	-135.2%+14.9pp	-150.2%-48.9pp	-101.2%-58.4pp	-42.8%-32.3pp	-10.5%+270.2pp	-280.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-35.1%+12.4pp	-47.5%+68.3pp	-115.8%-92.3pp	-23.5%+7.2pp	-30.6%+1032.4pp	-1063.1%
Current Ratio	0.27-0.2	0.45-1.7	2.11-1.5	3.65+3.1	0.55+0.5	0.01
Debt-to-Equity	0.83+0.5	0.35-0.6	0.99+0.6	0.43+0.9	-0.51-0.5	0.00
FCF Margin	-27.5%+74.5pp	-102.0%-14.3pp	-87.7%-75.7pp	-12.0%-16.3pp	4.2%+71.3pp	-67.1%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	53.7%+21.4pp	32.2%-9.3pp	41.6%+15.1pp	26.5%-21.5pp	48.0%+3.1pp	44.9%+4.2pp	40.6%-14.3pp	55.0%
Operating Margin	-63.0%+157.4pp	-220.4%-69.2pp	-151.2%+0.3pp	-151.5%-31.0pp	-120.5%+12.6pp	-133.0%+1.4pp	-134.5%-15.1pp	-119.3%
Net Margin	-103.4%+141.3pp	-244.7%-103.4pp	-141.2%+21.0pp	-162.2%-34.0pp	-128.2%+4.8pp	-133.0%-47.5pp	-85.5%+6.7pp	-92.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-8.2%+4.7pp	-12.8%-4.8pp	-8.1%+1.5pp	-9.6%-0.7pp	-8.9%+0.7pp	-9.6%-2.8pp	-6.8%+0.2pp	-7.0%
Current Ratio	0.04-0.2	0.20-0.1	0.29+0.0	0.27-0.0	0.29+0.2	0.11-0.3	0.45-0.1	0.54
Debt-to-Equity	0.84-0.9	1.76+0.6	1.19+0.4	0.83+0.1	0.71+0.3	0.38+0.0	0.35+0.1	0.22
FCF Margin	N/A	N/A	N/A	-4.2%	N/A	N/A	4.3%+70.5pp	-66.2%

Note: The current ratio is below 1.0 (0.27), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Blackboxstocks Inc's annual revenue?

Blackboxstocks Inc (BLBX) reported $2.6M in total revenue for fiscal year 2024. This represents a -17.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Blackboxstocks Inc's revenue growing?

Blackboxstocks Inc (BLBX) revenue declined by 17.4% year-over-year, from $3.1M to $2.6M in fiscal year 2024.

Is Blackboxstocks Inc profitable?

No, Blackboxstocks Inc (BLBX) reported a net income of -$3.5M in fiscal year 2024, with a net profit margin of -135.2%.

What is Blackboxstocks Inc's EBITDA?

Blackboxstocks Inc (BLBX) had EBITDA of -$3.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Blackboxstocks Inc's gross margin?

Blackboxstocks Inc (BLBX) had a gross margin of 44.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Blackboxstocks Inc's operating margin?

Blackboxstocks Inc (BLBX) had an operating margin of -128.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Blackboxstocks Inc's net profit margin?

Blackboxstocks Inc (BLBX) had a net profit margin of -135.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Blackboxstocks Inc's free cash flow?

Blackboxstocks Inc (BLBX) generated -$706K in free cash flow during fiscal year 2024. This represents a 77.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Blackboxstocks Inc's operating cash flow?

Blackboxstocks Inc (BLBX) generated -$706K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Blackboxstocks Inc's total assets?

Blackboxstocks Inc (BLBX) had $9.9M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Blackboxstocks Inc's capital expenditures?

Blackboxstocks Inc (BLBX) invested $0 in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Blackboxstocks Inc have outstanding?

Blackboxstocks Inc (BLBX) had 4M shares outstanding as of fiscal year 2024.

What is Blackboxstocks Inc's current ratio?

Blackboxstocks Inc (BLBX) had a current ratio of 0.27 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Blackboxstocks Inc's debt-to-equity ratio?

Blackboxstocks Inc (BLBX) had a debt-to-equity ratio of 0.83 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Blackboxstocks Inc's return on assets (ROA)?

Blackboxstocks Inc (BLBX) had a return on assets of -35.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Blackboxstocks Inc's cash runway?

Based on fiscal year 2024 data, Blackboxstocks Inc (BLBX) had $17K in cash against an annual operating cash burn of $706K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Blackboxstocks Inc's Piotroski F-Score?

Blackboxstocks Inc (BLBX) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Blackboxstocks Inc's earnings high quality?

Blackboxstocks Inc (BLBX) has an earnings quality ratio of 0.20x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Blackboxstocks Inc?

Blackboxstocks Inc (BLBX) scores 16 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.