A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BOXL SEC filings page.
Boxlight Corporation (BOXL) reported $104.3M in revenue over the twelve months to Jun 30, 2026, down 8.1% from the prior twelve months. This page shows its 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).
Shrinking sales have not repaired the economics: gross margin is compressing while losses and leverage strain the balance sheet.
The cash picture is less severe than the income statement but still negative: in FY2025, a net loss of$23.8M coexisted with operating cash flow of-$3.3M . That gap reflects substantial noncash charges, including$10.3M of depreciation and amortization, but free cash flow of-$3.4M shows the accounting-to-cash difference did not produce cash generation.
After gross margin peaked at
Balance-sheet leverage is unusually sensitive to thin equity: liabilities of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Boxlight Corporation'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.
Boxlight Corporation held $9.4M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $3.3M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Boxlight Corporation scores 58/100 among other emerging companies.
Boxlight Corporation had 3M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Boxlight Corporation scores 83/100 among other emerging companies.
Boxlight Corporation spent $4.3M on research and development in fiscal year 2025, which was 3.4% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Boxlight Corporation scores 19/100 among other emerging companies.
Boxlight Corporation reported revenue of $109.2M in fiscal year 2025, against $135.9M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Boxlight Corporation scores 18/100 among other emerging companies.
Not available for Boxlight Corporation, and counted as zero in the overall score.
Boxlight Corporation's cash, cash equivalents and investments came to $9.4M at the end of fiscal year 2025, against $96.3M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Boxlight Corporation scores 17/100 among other emerging companies.
Boxlight Corporation scores -1.33, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.9M) relative to total liabilities ($96.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Boxlight Corporation passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Boxlight Corporation reported a net loss of $23.8M while operations used $3.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Boxlight Corporation reported an operating loss of $16.4M against $10.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Boxlight Corporation generated $25.9M in revenue in Q2 2026. This represents a decrease of 16.0% from the same quarter a year earlier. Against the prior quarter it is up 15.5%.
Boxlight Corporation's EBITDA was $3.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 373.6% from the same quarter a year earlier. Against the prior quarter it is up 253.9%.
Boxlight Corporation reported $509K in net income in Q2 2026. This represents an increase of 110.8% from the same quarter a year earlier. Against the prior quarter it is up 107.8%.
Cash & Balance Sheet
Boxlight Corporation recorded an outflow of $2.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 104.8% from the same quarter a year earlier. Against the prior quarter it is up 51.8%.
Boxlight Corporation held $4.3M in cash against $0 in long-term debt as of Q2 2026, with $66.7M of liabilities due within a year.
Not reported for Q2 2026.
Margins & Returns
Boxlight Corporation's gross margin was 49.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 14.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 18.9 percentage points.
Boxlight Corporation's operating margin was 4.0% in Q2 2026, reflecting core business profitability. This is up 16.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 25.9 percentage points.
Boxlight Corporation's net profit margin was 2.0% in Q2 2026, showing the share of revenue converted to profit. This is up 17.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 31.0 percentage points.
Not reported for Q2 2026.
Capital Allocation
Boxlight Corporation invested $942K in research and development in Q2 2026. This represents a decrease of 16.5% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.
Boxlight Corporation invested $33K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 3.1% from the same quarter a year earlier. Against the prior quarter it is down 21.4%.
Not reported for Q2 2026.
BOXL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.9M-16.0% | $22.4M+0.1% | $26.6M+11.0% | $29.3M-19.2% | $30.9M-19.9% | $22.4M-39.5% | $24.0M-38.2% | $36.3M-26.9% |
| Cost of Revenue | $13.0M-35.2% | $15.5M+7.8% | $20.4M+22.4% | $20.8M-13.5% | $20.1M-16.4% | $14.4M-40.8% | $16.7M-37.2% | $24.0M-24.1% |
| Gross Profit | $12.9M+19.7% | $6.9M-13.7% | $6.3M-14.8% | $8.5M-30.3% | $10.8M-25.7% | $8.0M-37.2% | $7.3M-40.3% | $12.3M-32.0% |
| R&D Expenses | $942K-16.5% | $936K+2.6% | $1.1M+16.8% | $1.1M+9.8% | $1.1M+14.5% | $912K-22.1% | $948K-10.1% | $1.0M+4.4% |
| SG&A Expenses | $8.4M-23.9% | $8.4M+10.2% | $8.2M+95.7% | $8.7M-12.8% | $11.0M-10.9% | $7.6M-50.3% | $4.2M-73.7% | $10.0M-35.0% |
| Operating Income | $1.0M+126.5% | -$4.9M-68.6% | -$5.6M+65.4% | -$3.9M-359.1% | -$3.9M-420.1% | -$2.9M+19.3% | -$16.2M+2.2% | -$859K+92.6% |
| EBITDA | $3.6M+373.6% | -$2.3M-427.6% | -$3.0M-59.7% | -$1.3M-208.3% | -$1.3M-140.5% | -$445K+71.0% | -$1.9M+87.1% | $1.2M+113.1% |
| Interest Expense | $1.1M-58.8% | $1.3M-48.8% | $2.2M-12.2% | $2.8M+8.0% | $2.6M+0.2% | $2.5M-4.6% | $2.5M-3.4% | $2.5M-14.6% |
| Income Tax | -$263K-196.0% | -$385K-156.7% | -$783K+70.7% | -$261K-2075.0% | $274K+401.1% | -$150K-117.2% | -$2.7M-76.9% | -$12K-100.4% |
| Net Income | $509K+110.8% | -$6.5M-101.2% | -$9.7M+42.2% | -$6.2M-102.0% | -$4.7M-219.3% | -$3.2M+54.3% | -$16.7M+5.5% | -$3.1M+82.8% |
| EPS (Basic) | $0.34+100.6% | -$2.25+73.4% | -$34.87-152.3% | -$1.88-9.3% | -$55.00-5878.3% | -$8.45-1011.8% | -$13.82-631.2% | -$1.72+9.5% |
| EPS (Diluted) | $0.34 | -$2.25 | -$34.87 | -$1.88 | -$55.00 | -$8.45 | -$13.82 | -$1.72 |
| Diluted Shares (Avg) | 566,951 | 3M | N/A | 3M | 91,564 | 421,541 | N/A | 2M |
BOXL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $84.3M-15.0% | $90.7M | $97.5M-15.4% | $99.6M-30.3% | $99.2M-29.8% | N/A | $115.3M-28.7% | $142.9M-20.8% |
| Current Assets | $62.7M-5.3% | $65.5M | $69.5M-11.4% | $69.9M-19.9% | $66.2M-22.2% | N/A | $78.4M-24.3% | $87.4M-21.4% |
| Cash & Equivalents | $4.3M-43.5% | $6.9M-14.7% | $9.4M+17.0% | $11.8M+12.6% | $7.6M+1.3% | $8.1M-31.6% | $8.0M-53.6% | $10.5M-43.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $33.0M+17.1% | $36.6M | $38.1M-11.9% | $26.1M-38.4% | $28.2M-25.5% | N/A | $43.3M-2.0% | $42.3M-4.1% |
| Accounts Receivable | $15.6M-27.4% | $13.8M | $15.4M-16.2% | $19.7M-26.3% | $21.4M-31.8% | N/A | $18.3M-43.9% | $26.7M-34.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
| Total Liabilities | $85.8M-28.4% | $92.7M | $96.3M-24.9% | $119.1M-12.7% | $119.8M-10.5% | N/A | $128.2M+10.0% | $136.4M+12.5% |
| Current Liabilities | $66.7M0.0% | $40.2M | $42.9M-44.4% | $68.4M+59.8% | $66.7M+63.8% | N/A | $77.0M+55.8% | $42.8M-13.7% |
| Non-Current Liabilities | $19.1M-64.1% | $52.5M | $53.4M+4.4% | $50.6M-45.9% | $53.1M-43.0% | N/A | $51.2M-23.7% | $93.6M+30.7% |
| Long-Term Debt | $0-100.0% | $32.9M | $32.9M | $36.7M-1.1% | $39.0M+5.1% | N/A | $0-100.0% | $37.1M-14.4% |
| Total Equity | -$1.4M+93.1% | -$2.0M+87.3% | $1.3M+109.7% | -$19.5M-397.5% | -$20.6M-375.6% | -$15.8M-274.1% | -$12.9M-177.0% | $6.5M-78.7% |
| Retained Earnings | -$162.4M-15.6% | -$162.9M | -$156.4M-18.0% | -$146.8M-26.6% | -$140.6M-24.6% | N/A | -$132.6M-27.2% | -$115.9M-33.8% |
BOXL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.4M-107.6% | -$5.0M-7.9% | -$1.5M-192.5% | $4.0M-22.6% | -$1.2M+78.3% | -$4.7M-141.0% | $1.6M-50.6% | $5.2M-36.6% |
| Depreciation & Amortization | $2.6M-0.5% | $2.6M+3.8% | $2.6M-81.9% | $2.6M+26.6% | $2.6M+26.8% | $2.5M+19.0% | $14.3M+629.5% | $2.1M-11.0% |
| Stock-Based Compensation | N/A | $163K-3.6% | N/A | N/A | N/A | $169K-69.2% | N/A | N/A |
| Capital Expenditures | $33K+3.1% | $42K-66.9% | -$56K-75.3% | -$1K | $32K | $127K | $227K | N/A |
| Free Cash Flow | -$2.5M-104.8% | -$5.1M-5.9% | -$1.6M-211.2% | $4.0M | -$1.2M | -$4.8M | $1.4M | N/A |
| Investing Cash Flow | -$33K-3.1% | -$42K+66.9% | $56K+124.7% | $1K-99.2% | -$32K-88.2% | -$127K+67.8% | -$227K+79.3% | $132K+204.8% |
| Financing Cash Flow | $32K-97.8% | $3.1M-33.3% | -$2.3M+15.3% | -$320K+89.2% | $1.4M+19.5% | $4.6M+275.6% | -$2.8M+45.0% | -$3.0M+25.7% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
BOXL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.8%+14.9pp | 30.9%-5.0pp | 23.5%-7.1pp | 29.1%-4.7pp | 35.0%-2.7pp | 35.9%+1.3pp | 30.6%-1.1pp | 33.8%-2.5pp |
| Operating Margin | 4.0%+16.7pp | -21.9%-8.9pp | -21.1%+46.6pp | -13.4%-11.1pp | -12.7%-15.8pp | -13.0%-3.3pp | -67.6%-24.9pp | -2.4%+21.0pp |
| Net Margin | 2.0%+17.3pp | -29.1%-14.6pp | -36.3%+33.3pp | -21.1%-12.6pp | -15.3%-11.5pp | -14.5%+4.6pp | -69.6%-24.1pp | -8.4%+27.3pp |
| Return on Equity | N/A | N/A | -770.0% | N/A | N/A | N/A | N/A | -46.8%+11.1pp |
| Return on Assets | 0.6%+5.4pp | -7.2% | -9.9%+4.6pp | -6.2%-4.1pp | -4.8%-3.7pp | N/A | -14.5%-3.6pp | -2.1%+7.7pp |
| Current Ratio | 0.94-0.1x | 1.63 | 1.62+0.6x | 1.02-1.0x | 0.99-1.1x | N/A | 1.02-1.1x | 2.04-0.2x |
| Debt-to-Equity | N/A | N/A | 26.20 | N/A | N/A | N/A | N/A | 5.67+4.3x |
| Asset Turnover | 0.310.0x | 0.25 | 0.27+0.1x | 0.290.0x | 0.310.0x | N/A | 0.210.0x | 0.250.0x |
| FCF Margin | -9.5%-5.6pp | -22.7%-1.2pp | -5.9%-11.9pp | 13.8% | -3.9% | -21.4% | 5.9% | N/A |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Boxlight Corporation BOXL | FY2025 | $109.2M | -$23.8M | -21.8% | $2.9M | 33/100 |
| Algorhythm Holdings, Inc. RIME | FY2025 | $4.4M | -$15.9M | N/A | $2.8M | 8/100 |
| Fenbo Holdings Limited FEBO | FY2025 | $10.9M | -$1.4M | -12.5% | $8.2M | 26/100 |
| Emerson Radio Corp. MSN | FY2026 | $6.3M | -$4.3M | -68.2% | $8.1M | 53/100 |
| Wearable Devices Ltd. WLDS | FY2025 | $647K | -$8.1M | N/A | $3.5M | — |
| AXIL Brands, Inc. AXIL | FY2026 | $30.8M | $2.7M | 8.8% | $39.6M | 57/100 |
Where Boxlight Corporation Ranks
Frequently Asked Questions
What is Boxlight Corporation's annual revenue?
Boxlight Corporation (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 Corporation's revenue growing?
Boxlight Corporation (BOXL) revenue declined by 19.6% year-over-year, from $135.9M to $109.2M in fiscal year 2025.
Is Boxlight Corporation profitable?
No, Boxlight Corporation (BOXL) reported a net income of -$23.8M in fiscal year 2025, with a net profit margin of -21.8%.
What is Boxlight Corporation's EBITDA?
Boxlight Corporation (BOXL) had EBITDA of -$6.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Boxlight Corporation have?
As of fiscal year 2025, Boxlight Corporation (BOXL) had $9.4M in cash and equivalents against $32.9M in long-term debt.
What is Boxlight Corporation's gross margin?
Boxlight Corporation (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 Corporation's operating margin?
Boxlight Corporation (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 Corporation's net profit margin?
Boxlight Corporation (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 Corporation's return on equity (ROE)?
Boxlight Corporation (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 Corporation's free cash flow?
Boxlight Corporation (BOXL) recorded an outflow of $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 Corporation's operating cash flow?
Boxlight Corporation (BOXL) recorded an outflow of $3.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Boxlight Corporation's total assets?
Boxlight Corporation (BOXL) had $97.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Boxlight Corporation's capital expenditures?
Boxlight Corporation (BOXL) invested $102K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Boxlight Corporation spend on research and development?
Boxlight Corporation (BOXL) invested $4.3M in research and development during fiscal year 2025.
What is Boxlight Corporation's current ratio?
Boxlight Corporation (BOXL) had a current ratio of 1.62 as of fiscal year 2025, which is generally considered healthy.
What is Boxlight Corporation's debt-to-equity ratio?
Boxlight Corporation (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 Corporation's return on assets (ROA)?
Boxlight Corporation (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 Corporation's P/E ratio?
Boxlight Corporation (BOXL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $2.9M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Boxlight Corporation's price-to-sales ratio?
Boxlight Corporation (BOXL) trades at 0.0x sales, its market capitalization divided by revenue of $104.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.9M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Boxlight Corporation's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Boxlight Corporation (BOXL) held $9.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $3.3M over that year. Dividing the one by the other, the reported balance equals about 34 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Boxlight Corporation's Altman Z-Score?
Boxlight Corporation (BOXL) has an Altman Z-Score of -1.33, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Boxlight Corporation's Piotroski F-Score?
Boxlight Corporation (BOXL) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Corporation's earnings high quality?
Boxlight Corporation (BOXL) reported a net loss of $23.8M while operations used $3.3M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Can Boxlight Corporation cover its interest payments?
Boxlight Corporation (BOXL) reported an operating loss of $16.4M against $10.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Boxlight Corporation?
Boxlight Corporation (BOXL) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.