Boxlight Corp Financials
This page shows Boxlight Corp (BOXL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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
Boxlight Corp passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Boxlight Corp generates $0.02 in operating cash flow (-$439K OCF vs -$28.3M 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
Boxlight Corp generated $135.9M in revenue in fiscal year 2024. This represents a decrease of 23.1% from the prior year.
Boxlight Corp's EBITDA was $1.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 106.1% from the prior year.
Boxlight Corp reported -$28.3M in net income in fiscal year 2024. This represents an increase of 27.6% from the prior year.
Boxlight Corp earned $-15.11 per diluted share (EPS) in fiscal year 2024. This represents an increase of 29.3% from the prior year.
Boxlight Corp held $8.0M in cash against $0 in long-term debt as of fiscal year 2024.
Boxlight Corp's gross margin was 34.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.
Boxlight Corp's operating margin was -14.3% in fiscal year 2024, reflecting core business profitability. This is up 0.5 percentage points from the prior year.
Boxlight Corp's net profit margin was -20.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.3 percentage points from the prior year.
Boxlight Corp invested $4.1M in research and development in fiscal year 2024. This represents an increase of 30.8% from the prior year.
BOXL Income Statement
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.3M-4.9% | $30.9M+28.6% | $24.0M-37.7% | $38.5M+3.8% | $37.1M-4.4% | $38.8M-21.9% | $49.7M+5.6% | $47.1M |
| Cost of Revenue | $20.8M+3.7% | $20.1M+20.5% | $16.7M-30.6% | $24.0M-1.2% | $24.3M-8.4% | $26.5M-16.3% | $31.7M+8.3% | $29.2M |
| Gross Profit | $8.5M-20.9% | $10.8M+46.9% | $7.3M-49.4% | $14.5M+13.4% | $12.8M+4.1% | $12.3M-31.7% | $18.0M+1.0% | $17.8M |
| R&D Expenses | $1.1M-0.5% | $1.1M+19.0% | $948K-3.8% | $985K-15.9% | $1.2M+11.1% | $1.1M+7.7% | $979K+86.5% | $525K |
| SG&A Expenses | $8.7M-35.7% | $13.6M-45.0% | $24.7M+100.5% | $12.3M-19.2% | $15.2M-4.0% | $15.9M+3.1% | $15.4M+1.2% | $15.2M |
| Operating Income | -$3.9M-0.8% | -$3.9M+75.9% | -$16.2M-1428.0% | $1.2M+133.9% | -$3.6M+78.3% | -$16.6M-43.1% | -$11.6M-658.7% | $2.1M |
| Interest Expense | N/A | N/A | N/A | N/A | $2.6M-0.4% | $2.6M-12.4% | $3.0M+7.1% | $2.8M |
| Income Tax | -$261K-195.3% | $274K+110.2% | -$2.7M-2840.7% | -$91K-110.5% | $870K+157.5% | -$1.5M-149.2% | $3.1M+1105.1% | $255K |
| Net Income | -$6.2M-31.0% | -$4.7M+71.8% | -$16.7M-1030.4% | -$1.5M+79.2% | -$7.1M+59.9% | -$17.7M+0.4% | -$17.8M-2088.7% | -$811K |
| EPS (Diluted) | $-1.88-22.9% | $-1.53 | $-11.71-1172.8% | $-0.92-21.1% | $-0.76+96.0% | $-19.01-900.5% | $-1.90-1483.3% | $-0.12 |
BOXL Balance Sheet
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $99.6M+0.4% | $99.2M-14.0% | $115.3M-18.4% | $141.3M-0.8% | $142.4M-12.0% | $161.8M-10.3% | $180.4M-1.1% | $182.3M |
| Current Assets | $69.9M+5.6% | $66.2M-15.5% | $78.4M-7.9% | $85.1M-1.6% | $86.5M-16.5% | $103.6M-6.7% | $111.1M+9.9% | $101.0M |
| Cash & Equivalents | $11.8M+55.3% | $7.6M-5.0% | $8.0M+6.6% | $7.5M-36.4% | $11.8M-31.5% | $17.3M-6.3% | $18.4M+18.1% | $15.6M |
| Inventory | $26.1M-7.5% | $28.2M-34.8% | $43.3M+14.3% | $37.8M-3.3% | $39.2M-11.3% | $44.1M0.0% | $44.1M+16.7% | $37.8M |
| Accounts Receivable | $19.7M-8.2% | $21.4M+17.0% | $18.3M-41.7% | $31.5M+18.6% | $26.5M-18.8% | $32.7M-19.2% | $40.4M+7.4% | $37.6M |
| Goodwill | N/A | N/A | $0 | N/A | N/A | $0-100.0% | $12.0M-53.0% | $25.5M |
| Total Liabilities | $119.1M-0.6% | $119.8M-6.5% | $128.2M-4.2% | $133.8M+0.4% | $133.3M+14.4% | $116.5M-3.9% | $121.2M+17.8% | $102.9M |
| Current Liabilities | $68.4M+2.5% | $66.7M-13.4% | $77.0M+89.1% | $40.7M+2.1% | $39.9M-19.3% | $49.4M-0.4% | $49.6M+36.9% | $36.3M |
| Long-Term Debt | $36.7M-6.0% | $39.0M | $0-100.0% | $37.1M-0.7% | $37.4M-4.4% | $39.1M-9.7% | $43.4M0.0% | $43.4M |
| Total Equity | -$19.5M+5.7% | -$20.6M-60.0% | -$12.9M-272.3% | $7.5M-17.6% | $9.1M-45.8% | $16.8M-45.3% | $30.6M-39.8% | $50.9M |
| Retained Earnings | -$146.8M-4.4% | -$140.6M-6.0% | -$132.6M-17.5% | -$112.8M-1.3% | -$111.4M-6.8% | -$104.3M-20.4% | -$86.6M-25.8% | -$68.9M |
BOXL Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.3M | N/A | $1.6M+130.7% | -$5.4M-176.4% | -$1.9M-158.2% | $3.3M-59.4% | $8.2M+330.3% | $1.9M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $1K | N/A | -$227K-1235.3% | -$17K+95.7% | -$394K+64.0% | -$1.1M-769.0% | -$126K-563.2% | -$19K |
| Financing Cash Flow | $2.4M | N/A | -$2.8M-328.2% | $1.2M+146.2% | -$2.6M+47.8% | -$5.0M-26.0% | -$4.0M-300.7% | $2.0M |
| 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 |
BOXL Financial Ratios
| Metric | Q3'25 | Q2'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.1%-5.9pp | 35.0%+4.4pp | 30.6%-7.1pp | 37.7%+3.2pp | 34.5%+2.8pp | 31.7%-4.6pp | 36.3%-1.6pp | 37.9% |
| Operating Margin | -13.4%-0.8pp | -12.7%+54.9pp | -67.6%-70.8pp | 3.2%+12.9pp | -9.7%+33.0pp | -42.8%-19.4pp | -23.4%-27.8pp | 4.4% |
| Net Margin | -21.1%-5.8pp | -15.3%+54.3pp | -69.6%-65.8pp | -3.8%+15.3pp | -19.1%+26.4pp | -45.5%-9.8pp | -35.7%-34.0pp | -1.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -6.2%-1.4pp | -4.8%+9.7pp | -14.5%-13.4pp | -1.1%+3.9pp | -5.0%+5.9pp | -10.9%-1.1pp | -9.8%-9.4pp | -0.4% |
| Current Ratio | 1.02+0.0 | 0.99-0.0 | 1.02-1.1 | 2.09-0.1 | 2.17+0.1 | 2.10-0.1 | 2.24-0.5 | 2.79 |
| Debt-to-Equity | -1.890.0 | -1.89-1.9 | 0.00-5.0 | 4.96+0.8 | 4.12+1.8 | 2.34+0.9 | 1.41+0.6 | 0.85 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$12.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Boxlight Corp's annual revenue?
Boxlight Corp (BOXL) reported $135.9M in total revenue for fiscal year 2024. This represents a -23.1% 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 Boxlight Corp's revenue growing?
Boxlight Corp (BOXL) revenue declined by 23.1% year-over-year, from $176.7M to $135.9M in fiscal year 2024.
Is Boxlight Corp profitable?
No, Boxlight Corp (BOXL) reported a net income of -$28.3M in fiscal year 2024, with a net profit margin of -20.8%.
What is Boxlight Corp's earnings per share (EPS)?
Boxlight Corp (BOXL) reported diluted earnings per share of $-15.11 for fiscal year 2024. This represents a 29.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Boxlight Corp's EBITDA?
Boxlight Corp (BOXL) had EBITDA of $1.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Boxlight Corp have?
As of fiscal year 2024, Boxlight Corp (BOXL) had $8.0M in cash and equivalents against $0 in long-term debt.
What is Boxlight Corp's gross margin?
Boxlight Corp (BOXL) had a gross margin of 34.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Boxlight Corp's operating margin?
Boxlight Corp (BOXL) had an operating margin of -14.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Boxlight Corp's net profit margin?
Boxlight Corp (BOXL) had a net profit margin of -20.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Boxlight Corp's operating cash flow?
Boxlight Corp (BOXL) generated -$439K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Boxlight Corp's total assets?
Boxlight Corp (BOXL) had $115.3M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Boxlight Corp spend on research and development?
Boxlight Corp (BOXL) invested $4.1M in research and development during fiscal year 2024.
What is Boxlight Corp's current ratio?
Boxlight Corp (BOXL) had a current ratio of 1.02 as of fiscal year 2024, which is considered adequate.
What is Boxlight Corp's debt-to-equity ratio?
Boxlight Corp (BOXL) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Boxlight Corp's return on assets (ROA)?
Boxlight Corp (BOXL) had a return on assets of -24.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Boxlight Corp's cash runway?
Based on fiscal year 2024 data, Boxlight Corp (BOXL) had $8.0M in cash against an annual operating cash burn of $439K. This gives an estimated cash runway of approximately 219 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.
Why is Boxlight Corp's debt-to-equity ratio negative or unusual?
Boxlight Corp (BOXL) has negative shareholder equity of -$12.9M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Boxlight Corp's Piotroski F-Score?
Boxlight Corp (BOXL) has a Piotroski F-Score of 3 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 Boxlight Corp's earnings high quality?
Boxlight Corp (BOXL) has an earnings quality ratio of 0.02x, 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.