What is Boxlight Corp's earnings per share (EPS)?

Boxlight Corp (BOXL) reported diluted earnings per share of $-39.74 for fiscal year 2025. This represents a 56.2% 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.

Boxlight Corp Financials

BOXL

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Boxlight Corp (BOXL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Rhea AI BOXL FY2025 2026-05-15

Boxlight is shrinking into a smaller cost base, but inventory-heavy working capital and near-exhausted equity keep cash generation fragile.

By FY2025, revenue contraction had taken sales down to $109.2M, yet operating margin still hovered near -15.0%, which suggests recent cost cuts mostly offset lower volume instead of rebuilding profitability. At the same time, inventory sat at $38.1M against only $9.4M of cash, so a meaningful share of liquidity is tied up in stock rather than available to fund losses.

Gross margin slipped from 34.5% to 30.8% even as the company reduced overhead, so the business is not being rescued by a richer revenue mix. The operating loss narrowed in dollars because cost discipline was real, but the core unit economics are still too thin to cover fixed costs at today’s scale.

Short-term liquidity improved, with the current ratio moving from 1.0x to 1.6x, which eases the immediate pressure seen in the prior year. But the equity cushion was only $1.3M against $96.3M of liabilities, so even modest additional losses can matter disproportionately to the capital structure.

Financial Health Signals

Financial Profile 8/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Boxlight Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Boxlight Corp has an operating margin of -15.0%, meaning the company retains $-15 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 down from -14.3% the prior year.

Growth

Boxlight Corp's revenue declined 19.6% year-over-year, from $135.9M to $109.2M. This contraction results in a growth score of 0/100.

Leverage

Boxlight Corp has elevated debt relative to equity (D/E of 26.20), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity

Boxlight Corp's current ratio of 1.62 is below the typical benchmark, resulting in a score of 28/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Boxlight Corp generated -$3.3M in operating cash flow, capex of $102K consumed most of it, leaving -$3.4M in free cash flow. This results in a low score of 19/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Boxlight Corp generates a -1897.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.

Piotroski F-Score Weak

3/9

Boxlight Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.14x

For every $1 of reported earnings, Boxlight Corp generates $0.14 in operating cash flow (-$3.3M OCF vs -$23.8M 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

Export CSV

Earnings & Revenue

Revenue

$109.2M

YoY-19.6%

5Y CAGR+14.8%

10Y CAGR+41.6%

Boxlight Corp generated $109.2M in revenue in fiscal year 2025. This represents a decrease of 19.6% from the prior year.

EBITDA

-$6.1M

YoY-675.4%

Boxlight Corp's EBITDA was -$6.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 675.4% from the prior year.

Net Income

-$23.8M

YoY+16.0%

Boxlight Corp reported -$23.8M in net income in fiscal year 2025. This represents an increase of 16.0% from the prior year.

EPS (Diluted)

$-39.74

YoY+56.2%

Boxlight Corp earned $-39.74 per diluted share (EPS) in fiscal year 2025. This represents an increase of 56.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$3.4M

YoY-263.7%

Boxlight Corp generated -$3.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 263.7% from the prior year.

Cash & Debt

$9.4M

YoY+17.0%

5Y CAGR-7.0%

10Y CAGR+25.1%

Boxlight Corp held $9.4M in cash against $32.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

30.8%

YoY-3.8pp

5Y CAGR+12.8pp

10Y CAGR-1.8pp

Boxlight Corp's gross margin was 30.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.8 percentage points from the prior year.

Operating Margin

-15.0%

YoY-0.7pp

5Y CAGR+8.2pp

10Y CAGR+45.7pp

Boxlight Corp's operating margin was -15.0% in fiscal year 2025, reflecting core business profitability. This is down 0.7 percentage points from the prior year.

Net Margin

-21.8%

YoY-0.9pp

5Y CAGR+7.6pp

10Y CAGR+45.1pp

Boxlight Corp's net profit margin was -21.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.

Return on Equity

-1897.2%

5Y CAGR-1860.9pp

10Y CAGR+3571.9pp

Boxlight Corp's ROE was -1897.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$4.3M

YoY+3.5%

5Y CAGR+24.6%

10Y CAGR+35.3%

Boxlight Corp invested $4.3M in research and development in fiscal year 2025. This represents an increase of 3.5% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$102K

YoY-79.8%

Boxlight Corp invested $102K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 79.8% from the prior year.

BOXL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$109.2M-19.6%	$135.9M-23.1%	$176.7M-20.3%	$221.8M+19.8%	$185.2M+237.4%	$54.9M
Cost of Revenue	$75.6M-15.0%	$89.0M-21.6%	$113.4M-27.7%	$156.9M+13.2%	$138.7M+208.0%	$45.0M
Gross Profit	$33.6M-28.4%	$46.9M-25.8%	$63.3M-2.4%	$64.9M+39.4%	$46.5M+371.5%	$9.9M
R&D Expenses	$4.3M+3.5%	$4.1M+30.8%	$3.2M+27.1%	$2.5M+35.9%	$1.8M+28.7%	$1.4M
SG&A Expenses	$35.5M-15.1%	$41.8M-31.8%	$61.3M+3.2%	$59.3M+25.5%	$47.3M+123.4%	$21.2M
Operating Income	-$16.4M+15.9%	-$19.5M+26.0%	-$26.3M-962.6%	$3.0M+218.6%	-$2.6M+79.8%	-$12.7M
Interest Expense	N/A	N/A	$10.8M+9.2%	$9.9M+193.4%	$3.4M+20.1%	$2.8M
Income Tax	-$920K+51.8%	-$1.9M-202.3%	$1.9M+3708.2%	$49K-98.5%	$3.3M+503.2%	-$821K
Net Income	-$23.8M+16.0%	-$28.3M+27.6%	-$39.2M-946.1%	-$3.7M+72.9%	-$13.8M+14.5%	-$16.2M
EPS (Diluted)	$-39.74+56.2%	$-90.69-324.2%	$-21.38-3586.2%	$-0.58-152.2%	$-0.23+41.0%	$-0.39

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$22.4M-15.7%	$26.6M-9.2%	$29.3M-4.9%	$30.9M+37.6%	$22.4M-6.6%	$24.0M-33.9%	$36.3M-5.8%	$38.5M
Cost of Revenue	$15.5M-23.9%	$20.4M-2.1%	$20.8M+3.7%	$20.1M+39.5%	$14.4M-13.6%	$16.7M-30.7%	$24.0M+0.2%	$24.0M
Gross Profit	$6.9M+10.8%	$6.3M-26.6%	$8.5M-20.9%	$10.8M+34.2%	$8.0M+9.5%	$7.3M-40.0%	$12.3M-15.7%	$14.5M
R&D Expenses	$936K-15.4%	$1.1M-1.3%	$1.1M-0.5%	$1.1M+23.7%	$912K-3.8%	$948K-7.2%	$1.0M+3.8%	$985K
SG&A Expenses	$8.4M+49.8%	$5.6M-36.2%	$8.7M-35.7%	$13.6M+79.2%	$7.6M+81.6%	$4.2M-58.3%	$10.0M-18.7%	$12.3M
Operating Income	-$4.9M+12.6%	-$5.6M-42.2%	-$3.9M-0.8%	-$3.9M-34.5%	-$2.9M+82.1%	-$16.2M-1789.2%	-$859K-170.3%	$1.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$385K+50.8%	-$783K-200.0%	-$261K-195.3%	$274K+282.7%	-$150K+94.4%	-$2.7M-22200.0%	-$12K+86.8%	-$91K
Net Income	-$6.5M+32.5%	-$9.7M-56.3%	-$6.2M-31.0%	-$4.7M-45.5%	-$3.2M+80.6%	-$16.7M-445.8%	-$3.1M-107.1%	-$1.5M
EPS (Diluted)	$-2.25	N/A	$-1.88-22.9%	$-1.53+81.9%	$-8.45	N/A	$-1.72-87.0%	$-0.92

BOXL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$97.5M-15.4%	$115.3M-28.7%	$161.8M-17.2%	$195.4M-3.0%	$201.4M+43.9%	$140.0M
Current Assets	$69.5M-11.4%	$78.4M-24.3%	$103.6M-6.9%	$111.2M+2.5%	$108.5M+76.8%	$61.4M
Cash & Equivalents	$9.4M+17.0%	$8.0M-53.6%	$17.3M+18.2%	$14.6M-18.7%	$17.9M+33.3%	$13.5M
Inventory	$38.1M-11.9%	$43.3M-2.0%	$44.1M-24.2%	$58.2M+12.8%	$51.6M+146.7%	$20.9M
Accounts Receivable	$15.4M-16.2%	$18.3M-43.9%	$32.7M+5.4%	$31.0M+4.9%	$29.6M+41.7%	$20.9M
Goodwill	N/A	$0	$0-100.0%	$25.1M-3.6%	$26.0M+14.5%	$22.7M
Total Liabilities	$96.3M-24.9%	$128.2M+10.0%	$116.5M+1.3%	$115.0M-3.9%	$119.6M+25.3%	$95.5M
Current Liabilities	$42.9M-44.4%	$77.0M+55.8%	$49.4M+2.0%	$48.5M-11.5%	$54.7M+35.5%	$40.4M
Long-Term Debt	$32.9M	$0-100.0%	$39.1M-10.6%	$43.8M+3.9%	$42.1M+71.0%	$24.6M
Total Equity	$1.3M+109.7%	-$12.9M-177.0%	$16.8M-67.7%	$51.9M-2.6%	$53.3M+19.9%	$44.5M
Retained Earnings	-$156.4M-18.0%	-$132.6M-27.2%	-$104.3M-60.3%	-$65.0M-6.1%	-$61.3M-29.1%	-$47.5M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$90.7M-7.0%	$97.5M-2.1%	$99.6M+0.4%	$99.2M	N/A	$115.3M-19.3%	$142.9M+1.2%	$141.3M
Current Assets	$65.5M-5.7%	$69.5M-0.6%	$69.9M+5.6%	$66.2M	N/A	$78.4M-10.3%	$87.4M+2.6%	$85.1M
Cash & Equivalents	$6.9M-26.5%	$9.4M-20.7%	$11.8M+55.3%	$7.6M-5.8%	$8.1M+0.9%	$8.0M-23.7%	$10.5M+39.6%	$7.5M
Inventory	$36.6M-4.0%	$38.1M+46.3%	$26.1M-7.5%	$28.2M	N/A	$43.3M+2.2%	$42.3M+11.8%	$37.8M
Accounts Receivable	$13.8M-10.1%	$15.4M-22.0%	$19.7M-8.2%	$21.4M	N/A	$18.3M-31.4%	$26.7M-15.1%	$31.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	$0	N/A	N/A
Total Liabilities	$92.7M-3.7%	$96.3M-19.1%	$119.1M-0.6%	$119.8M	N/A	$128.2M-6.0%	$136.4M+1.9%	$133.8M
Current Liabilities	$40.2M-6.1%	$42.9M-37.4%	$68.4M+2.5%	$66.7M	N/A	$77.0M+79.9%	$42.8M+5.1%	$40.7M
Long-Term Debt	$32.9M0.0%	$32.9M-10.4%	$36.7M-6.0%	$39.0M	N/A	$0-100.0%	$37.1M-0.1%	$37.1M
Total Equity	-$2.0M-260.2%	$1.3M+106.4%	-$19.5M+5.7%	-$20.6M-30.4%	-$15.8M-22.6%	-$12.9M-297.1%	$6.5M-12.6%	$7.5M
Retained Earnings	-$162.9M-4.2%	-$156.4M-6.6%	-$146.8M-4.4%	-$140.6M	N/A	-$132.6M-14.4%	-$115.9M-2.7%	-$112.8M

BOXL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.3M-659.7%	-$439K-103.8%	$11.6M+873.2%	$1.2M+151.1%	-$2.3M+50.0%	-$4.7M
Capital Expenditures	$102K-79.8%	$506K	N/A	N/A	N/A	N/A
Free Cash Flow	-$3.4M-263.7%	-$945K	N/A	N/A	N/A	N/A
Investing Cash Flow	-$102K+79.8%	-$506K+61.7%	-$1.3M-9.5%	-$1.2M+96.5%	-$34.0M+25.0%	-$45.3M
Financing Cash Flow	$3.4M+147.5%	-$7.1M+10.9%	-$8.0M-56.3%	-$5.1M-112.5%	$41.1M-37.3%	$65.6M
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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$5.0M-230.6%	-$1.5M-218.2%	$1.3M-18.2%	$1.6M+133.8%	-$4.7M-383.6%	$1.6M-68.4%	$5.2M+197.3%	-$5.4M
Capital Expenditures	$42K+175.0%	-$56K	N/A	N/A	$127K-44.1%	$227K	N/A	N/A
Free Cash Flow	-$5.1M-221.6%	-$1.6M	N/A	N/A	-$4.8M-437.8%	$1.4M	N/A	N/A
Investing Cash Flow	-$42K-175.0%	$56K+5500.0%	$1K+103.1%	-$32K+74.8%	-$127K+44.1%	-$227K-272.0%	$132K+876.5%	-$17K
Financing Cash Flow	$3.1M+231.2%	-$2.3M-196.5%	$2.4M+286.7%	-$1.3M-128.2%	$4.6M+266.7%	-$2.8M+6.7%	-$3.0M-344.7%	$1.2M
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	30.8%-3.8pp	34.5%-1.3pp	35.8%+6.6pp	29.3%+4.1pp	25.1%+7.1pp	18.0%
Operating Margin	-15.0%-0.7pp	-14.3%+0.5pp	-14.9%-16.2pp	1.4%+2.8pp	-1.4%+21.8pp	-23.2%
Net Margin	-21.8%-0.9pp	-20.8%+1.3pp	-22.2%-20.5pp	-1.7%+5.8pp	-7.4%+22.0pp	-29.4%
Return on Equity	-1897.2%	N/A	-233.8%-226.5pp	-7.2%+18.7pp	-25.9%+10.4pp	-36.3%
Return on Assets	-24.4%+0.2pp	-24.6%-0.4pp	-24.2%-22.3pp	-1.9%+4.9pp	-6.9%+4.7pp	-11.5%
Current Ratio	1.62+0.6	1.02-1.1	2.10-0.2	2.29+0.3	1.98+0.5	1.52
Debt-to-Equity	26.20+26.2	0.00-2.3	2.34+1.5	0.84+0.1	0.79+0.2	0.55
FCF Margin	-3.1%-2.5pp	-0.7%	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	30.9%+7.4pp	23.5%-5.6pp	29.1%-5.9pp	35.0%-0.9pp	35.9%+5.3pp	30.6%-3.2pp	33.8%-4.0pp	37.7%
Operating Margin	-21.9%-0.8pp	-21.1%-7.6pp	-13.4%-0.8pp	-12.7%+0.3pp	-13.0%+54.7pp	-67.6%-65.3pp	-2.4%-5.5pp	3.2%
Net Margin	-29.1%+7.2pp	-36.3%-15.2pp	-21.1%-5.8pp	-15.3%-0.8pp	-14.5%+55.2pp	-69.6%-61.2pp	-8.4%-4.6pp	-3.8%
Return on Equity	N/A	-770.0%	N/A	N/A	N/A	N/A	-46.8%-27.0pp	-19.8%
Return on Assets	-7.2%+2.7pp	-9.9%-3.7pp	-6.2%-1.4pp	-4.8%	N/A	-14.5%-12.3pp	-2.1%-1.1pp	-1.1%
Current Ratio	1.630.0	1.62+0.6	1.02+0.0	0.99	N/A	1.02-1.0	2.04-0.0	2.09
Debt-to-Equity	-16.34-42.5	26.20+28.1	-1.890.0	-1.89	N/A	0.00-5.7	5.67+0.7	4.96
FCF Margin	-22.7%-16.8pp	-5.9%	N/A	N/A	-21.4%-27.4pp	5.9%	N/A	N/A

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Frequently Asked Questions

What is Boxlight Corp's annual revenue?

Boxlight Corp (BOXL) reported $109.2M in total revenue for fiscal year 2025. This represents a -19.6% 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 19.6% year-over-year, from $135.9M to $109.2M in fiscal year 2025.

Is Boxlight Corp profitable?

No, Boxlight Corp (BOXL) reported a net income of -$23.8M in fiscal year 2025, with a net profit margin of -21.8%.

What is Boxlight Corp's EBITDA?

Boxlight Corp (BOXL) had EBITDA of -$6.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Boxlight Corp have?

As of fiscal year 2025, Boxlight Corp (BOXL) had $9.4M in cash and equivalents against $32.9M in long-term debt.

What is Boxlight Corp's gross margin?

Boxlight Corp (BOXL) had a gross margin of 30.8% in fiscal year 2025, 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 -15.0% in fiscal year 2025, 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 -21.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Boxlight Corp's return on equity (ROE)?

Boxlight Corp (BOXL) has a return on equity of -1897.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Boxlight Corp's free cash flow?

Boxlight Corp (BOXL) generated -$3.4M in free cash flow during fiscal year 2025. This represents a -263.7% 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 Boxlight Corp's operating cash flow?

Boxlight Corp (BOXL) generated -$3.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Boxlight Corp's total assets?

Boxlight Corp (BOXL) had $97.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Boxlight Corp's capital expenditures?

Boxlight Corp (BOXL) invested $102K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Boxlight Corp spend on research and development?

Boxlight Corp (BOXL) invested $4.3M in research and development during fiscal year 2025.

What is Boxlight Corp's current ratio?

Boxlight Corp (BOXL) had a current ratio of 1.62 as of fiscal year 2025, which is generally considered healthy.

What is Boxlight Corp's debt-to-equity ratio?

Boxlight Corp (BOXL) had a debt-to-equity ratio of 26.20 as of fiscal year 2025, 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 -24.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Boxlight Corp's cash runway?

Based on fiscal year 2025 data, Boxlight Corp (BOXL) had $9.4M in cash against an annual operating cash burn of $3.3M. This gives an estimated cash runway of approximately 34 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 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 to 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 0.14x, 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 Boxlight Corp?

Boxlight Corp (BOXL) scores 8 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.