Boxlight Corp Financials
Boxlight Corp (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).
Revenue contraction now sits on a thinner margin base, while operating losses and balance-sheet fragility shape the business mechanics.
Cash conversion weakened with earnings: the 2025 net loss was-$23.8M while operating cash flow was-$3.3M , showing that losses translated into operating cash pressure rather than being solely noncash. Free cash flow reached-$3.4M despite only$102K of capital spending, so reinvestment was not the main source of the shortfall.
Gross margin compression from
Balance-sheet resilience is thin: assets and liabilities were nearly equal in FY2025, leaving just
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 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.
Not available for Boxlight Corp, and counted as zero in the overall score.
Boxlight Corp scores -1.32, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.4M) 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 Corp 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 Corp 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.
Key Financial Metrics
Earnings & Revenue
Boxlight Corp generated $109.2M in revenue in fiscal year 2025. This represents a decrease of 19.6% from the prior year.
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.
Boxlight Corp reported -$23.8M in net income in fiscal year 2025. This represents an increase of 16.0% from the prior year.
Cash & Balance Sheet
Boxlight Corp recorded an outflow of $3.4M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 263.7% from the prior year.
Boxlight Corp held $9.4M in cash against $32.9M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
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.
Boxlight Corp's ROE was -1897.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Boxlight Corp invested $4.3M in research and development in fiscal year 2025. This represents an increase of 3.5% from the prior year.
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.
Not reported for fiscal year 2025.
BOXL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.9M+15.5% | $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 |
| Cost of Revenue | $13.0M-16.1% | $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 |
| Gross Profit | $12.9M+86.1% | $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 |
| R&D Expenses | $942K+0.6% | $936K-15.4% | $1.1M-1.3% | $1.1M-0.5% | $1.1M+23.7% | $912K-3.8% | $948K-7.2% | $1.0M |
| SG&A Expenses | $8.4M+0.1% | $8.4M+2.3% | $8.2M-6.5% | $8.7M-20.5% | $11.0M+45.0% | $7.6M+81.6% | $4.2M-58.3% | $10.0M |
| Operating Income | $1.0M+121.1% | -$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 |
| Income Tax | -$263K+31.7% | -$385K+50.8% | -$783K-200.0% | -$261K-195.3% | $274K+282.7% | -$150K+94.4% | -$2.7M-22200.0% | -$12K |
| Net Income | $509K+107.8% | -$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 |
| EPS (Diluted) | $0.34 | -$2.25 | -$34.87 | -$1.88 | -$55.00 | -$8.45 | -$13.82 | -$1.72 |
Not reported in any period shown, so not listed: Interest Expense.
BOXL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $84.3M-7.0% | $90.7M-7.0% | $97.5M-2.1% | $99.6M+0.4% | $99.2M | N/A | $115.3M-19.3% | $142.9M |
| Current Assets | $62.7M-4.3% | $65.5M-5.7% | $69.5M-0.6% | $69.9M+5.6% | $66.2M | N/A | $78.4M-10.3% | $87.4M |
| Cash & Equivalents | $4.3M-37.5% | $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 |
| Inventory | $33.0M-9.8% | $36.6M-4.0% | $38.1M+46.3% | $26.1M-7.5% | $28.2M | N/A | $43.3M+2.2% | $42.3M |
| Accounts Receivable | $15.6M+12.7% | $13.8M-10.1% | $15.4M-22.0% | $19.7M-8.2% | $21.4M | N/A | $18.3M-31.4% | $26.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
| Total Liabilities | $85.8M-7.5% | $92.7M-3.7% | $96.3M-19.1% | $119.1M-0.6% | $119.8M | N/A | $128.2M-6.0% | $136.4M |
| Current Liabilities | $66.7M+65.8% | $40.2M-6.1% | $42.9M-37.4% | $68.4M+2.5% | $66.7M | N/A | $77.0M+79.9% | $42.8M |
| Long-Term Debt | $0-100.0% | $32.9M0.0% | $32.9M-10.4% | $36.7M-6.0% | $39.0M | N/A | $0-100.0% | $37.1M |
| Total Equity | -$1.4M+29.2% | -$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 |
| Retained Earnings | -$162.4M+0.3% | -$162.9M-4.2% | -$156.4M-6.6% | -$146.8M-4.4% | -$140.6M | N/A | -$132.6M-14.4% | -$115.9M |
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.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.4M+52.0% | -$5.0M-230.6% | -$1.5M-137.8% | $4.0M+446.1% | -$1.2M+75.1% | -$4.7M-383.6% | $1.6M-68.4% | $5.2M |
| Capital Expenditures | $33K-21.4% | $42K-25.0% | -$56K+5500.0% | -$1K-96.9% | $32K-74.8% | $127K-44.1% | $227K | N/A |
| Free Cash Flow | -$2.5M+51.8% | -$5.1M-221.6% | -$1.6M-139.2% | $4.0M+436.8% | -$1.2M+75.1% | -$4.8M-437.8% | $1.4M | N/A |
| Investing Cash Flow | -$33K+21.4% | -$42K-175.0% | $56K+5500.0% | $1K+103.1% | -$32K+74.8% | -$127K+44.1% | -$227K-272.0% | $132K |
| Financing Cash Flow | $32K-99.0% | $3.1M+231.2% | -$2.3M-631.9% | -$320K-122.1% | $1.4M-68.6% | $4.6M+266.7% | -$2.8M+6.7% | -$3.0M |
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.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.8%+18.9pp | 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% |
| Operating Margin | 4.0%+25.9pp | -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% |
| Net Margin | 2.0%+31.0pp | -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% |
| Return on Equity | N/A | N/A | -770.0% | N/A | N/A | N/A | N/A | -46.8% |
| Return on Assets | 0.6%+7.8pp | -7.2%+2.7pp | -9.9%-3.7pp | -6.2%-1.4pp | -4.8% | N/A | -14.5%-12.3pp | -2.1% |
| Current Ratio | 0.94-0.7x | 1.630.0x | 1.62+0.6x | 1.020.0x | 0.99 | N/A | 1.02-1.0x | 2.04 |
| Debt-to-Equity | N/A | N/A | 26.20 | N/A | N/A | N/A | N/A | 5.67 |
| FCF Margin | -9.5%+13.2pp | -22.7%-16.8pp | -5.9%-19.7pp | 13.8%+17.6pp | -3.9%+17.6pp | -21.4%-27.4pp | 5.9% | N/A |
Similar Companies
Where Boxlight Corp Ranks
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) 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 Corp's operating cash flow?
Boxlight Corp (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 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.
How does Boxlight Corp's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Boxlight Corp (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 Corp's Altman Z-Score?
Boxlight Corp (BOXL) has an Altman Z-Score of -1.32, 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 Corp's Piotroski F-Score?
Boxlight Corp (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 Corp's earnings high quality?
Boxlight Corp (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.
How financially healthy is Boxlight Corp?
Boxlight Corp (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.