NASDAQ : BOXL
Boxlight Corporation — Financial statements
Technology · Consumer Electronics · United States
Last price 2.37 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.74M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Boxlight Corporation (BOXL) reported revenue of 104.33M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 104.33M | 109.25M | 135.89M | 176.72M | 221.78M | 185.18M |
| Cost of Revenue | 69.46M | 75.40M | 88.01M | 111.77M | 154.68M | 138.59M |
| Gross Profit | 34.87M | 33.85M | 47.88M | 64.95M | 67.10M | 46.59M |
| Selling, General & Admin | 33.60M | 35.45M | 41.76M | 61.25M | 59.34M | 47.27M |
| Research & Development | 4.11M | 4.27M | 4.13M | 3.15M | 2.48M | 1.83M |
| Operating Expenses | 48.07M | 50.00M | 54.11M | 64.41M | 61.82M | 49.10M |
| Operating Income | -13.20M | -16.16M | -6.23M | 544.00K | 5.28M | -2.51M |
| Interest Expense | -7.31M | -10.03M | -10.25M | -10.84M | -9.92M | -3.38M |
| Other Non Operating Income (Expenses) | -2.83M | 1.68M | -522.00K | -150.00K | 2.32M | -7.00K |
| EBT Excluding Unusual Items | -23.34M | -24.51M | -17.00M | -10.45M | -2.32M | -5.90M |
| Merger & Restructuring Charges | -219.00K | -219.00K | -939.00K | -1.65M | -2.23M | -60.00K |
| Impairment of Goodwill | -25.20M | |||||
| Asset Writedown | -12.30M | |||||
| Other Unusual Items | 856.00K | -4.53M | ||||
| Pretax Income | -23.56M | -24.73M | -30.24M | -37.29M | -3.69M | -10.49M |
| Income Tax Expense | -1.69M | -920.00K | -1.91M | 1.87M | 49.00K | 3.31M |
| Net Income | -21.86M | -23.81M | -28.34M | -39.16M | -3.74M | -13.80M |
| Preferred Dividends & Other Adjustments | 1.27M | 1.27M | 1.27M | 1.27M | 1.27M | 902.00K |
| Net Income to Common | -23.13M | -25.08M | -29.60M | -40.42M | -5.01M | -14.70M |
| Shares Outstanding (Basic) | 356.60K | 105.18K | 54.41K | 52.53K | 48.02K | 40.87K |
| Shares Outstanding (Diluted) | 356.60K | 105.18K | 54.41K | 52.53K | 48.02K | 40.87K |
| EPS (Basic) | -64.87 | -238.43 | -544.12 | -769.59 | -104.37 | -359.80 |
| EPS (Diluted) | -64.87 | -238.43 | -544.12 | -769.59 | -104.37 | -359.80 |
| Free Cash Flow | -4.98M | -3.44M | -945.00K | 10.26M | -16.00K | -36.22M |
| Free Cash Flow Per Share | -13.96 | -32.68 | -17.37 | 195.32 | -0.33 | -886.26 |
| Gross Margin | 33.42% | 30.98% | 35.23% | 36.75% | 30.25% | 25.16% |
| Operating Margin | -12.65% | -14.79% | -4.58% | 0.31% | 2.38% | -1.36% |
| Profit Margin | -22.17% | -22.96% | -21.79% | -22.88% | -2.26% | -7.94% |
| Free Cash Flow Margin | -4.77% | -3.15% | -0.69% | 5.81% | -0.01% | -19.56% |
| EBITDA | -2.84M | -5.88M | 2.00M | 9.40M | 14.41M | 4.66M |
| EBITDA Margin | -2.73% | -5.38% | 1.47% | 5.32% | 6.50% | 2.52% |
| D&A For EBITDA | 10.36M | 10.28M | 8.23M | 8.86M | 9.13M | 7.17M |
| EBIT | -13.20M | -16.16M | -6.23M | 544.00K | 5.28M | -2.51M |
| EBIT Margin | -12.65% | -14.79% | -4.58% | 0.31% | 2.38% | -1.36% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.30M | 9.37M | 8.01M | 17.25M | 14.59M | 17.94M |
| Cash & Short-Term Investments | 4.30M | 9.37M | 8.01M | 17.25M | 14.59M | 17.94M |
| Accounts Receivable | 15.57M | 15.36M | 18.32M | 32.67M | 31.01M | 29.57M |
| Receivables | 15.57M | 15.36M | 18.32M | 32.67M | 31.01M | 29.57M |
| Inventory | 33.01M | 38.13M | 43.27M | 44.13M | 58.21M | 51.59M |
| Prepaid Expenses | 6.60M | 6.00M | 6.57M | 6.35M | 3.30M | 1.71M |
| Other Current Assets | 3.18M | 625.00K | 2.21M | 3.18M | 4.13M | 7.74M |
| Total Current Assets | 62.67M | 69.48M | 78.38M | 103.58M | 111.24M | 108.55M |
| Property, Plant & Equipment | 7.92M | 8.78M | 10.19M | 11.32M | 6.08M | 1.07M |
| Goodwill | 25.09M | 26.04M | ||||
| Other Intangible Assets | 12.08M | 17.08M | 25.94M | 45.96M | 52.58M | 65.53M |
| Long-Term Deferred Tax Assets | 793.00K | 1.47M | ||||
| Other Long-Term Assets | 895.00K | 734.00K | 790.00K | 906.00K | 397.00K | 248.00K |
| Total Assets | 84.35M | 97.54M | 115.31M | 161.77M | 195.40M | 201.44M |
| Accounts Payable | 9.01M | 20.81M | 20.70M | 27.45M | 30.72M | 25.71M |
| Accrued Expenses | 5.26M | 5.45M | 3.16M | 5.11M | 5.31M | 6.44M |
| Short-Term Debt | 2.57M | |||||
| Current Portion of Long-Term Debt | 34.13M | 1.27M | 37.15M | 1.04M | 845.00K | 9.80M |
| Current Portion of Leases | 1.49M | 1.74M | 2.02M | 1.83M | 1.90M | |
| Current Unearned Revenue | 8.83M | 9.27M | 9.02M | 8.70M | 8.31M | 7.58M |
| Other Current Liabilities | 5.41M | 4.30M | 4.99M | 5.32M | 1.40M | 5.21M |
| Total Current Liabilities | 66.71M | 42.85M | 77.04M | 49.43M | 48.48M | 54.75M |
| Long-Term Debt | 32.88M | 39.13M | 43.78M | 42.14M | ||
| Long-Term Leases | 5.15M | 5.65M | 6.43M | 7.28M | 2.46M | |
| Long-Term Unearned Revenue | 13.88M | 14.85M | 15.16M | 16.35M | 15.60M | 13.95M |
| Long-Term Deferred Tax Liabilities | 901.00K | 4.32M | 4.68M | 8.45M | ||
| Other Long-Term Liabilities | 40.00K | 60.00K | 165.00K | 340.00K | ||
| Total Liabilities | 85.77M | 96.29M | 99.69M | 116.51M | 114.99M | 119.63M |
| Common Stock | 1.00K | 6.00K | ||||
| Additional Paid-In Capital | 158.76M | 155.12M | 119.49M | 119.72M | 117.85M | 110.87M |
| Retained Earnings | -162.44M | -156.42M | -132.61M | -104.28M | -65.04M | -61.30M |
| Comprehensive Income & Other | 2.25M | 2.55M | 227.00K | 1.30M | -914.00K | 3.73M |
| Total Common Equity | -1.42M | 1.25M | -12.90M | 16.75M | 51.89M | 53.30M |
| Shareholders' Equity | -1.42M | 1.25M | 15.61M | 45.26M | 80.40M | 81.81M |
| Total Liabilities & Equity | 84.35M | 97.54M | 115.31M | 161.77M | 195.40M | 201.44M |
| Total Debt | 43.34M | 41.54M | 45.59M | 49.28M | 48.98M | 51.94M |
| Net Cash (Debt) | -39.04M | -32.17M | -37.59M | -32.03M | -34.39M | -34.00M |
| Net Cash Per Share | -109.47 | -305.87 | -690.85 | -609.71 | -716.07 | -832.04 |
| Filing Date Shares Outstanding | 667.39K | 566.95K | 61.90K | 54.05K | 51.93K | 45.50K |
| Total Common Shares Outstanding | 667.35K | 228.34K | 54.74K | 53.91K | 51.89K | 44.32K |
| Working Capital | -4.04M | 26.63M | 1.34M | 54.15M | 62.77M | 53.80M |
| Book Value Per Share | -2.13 | 5.50 | -235.59 | 310.70 | 1,000.12 | 1,202.61 |
| Tangible Book Value | -13.50M | -15.82M | -38.84M | -29.21M | -25.78M | -38.27M |
| Tangible Book Value Per Share | -20.23 | -69.31 | -709.55 | -541.84 | -496.81 | -863.43 |
| Buildings | 214.00K | 214.00K | 214.00K | 214.00K | 214.00K | |
| Machinery | 2.25M | 2.15M | 1.95M | 1.74M | 802.00K | |
| Construction In Progress | 1.03M | 14.00K | 85.00K | |||
| Leasehold Improvements | 1.30M | 1.30M | 544.00K | 450.00K | 176.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -21.86M | -23.81M | -28.34M | -39.16M | -3.74M | -13.80M |
| Depreciation & Amortization | 10.36M | 10.28M | 8.23M | 8.86M | 9.13M | 7.17M |
| Other Amortization | 2.67M | 2.67M | 2.61M | 2.30M | 2.16M | 2.13M |
| Loss (Gain) From Sale of Assets | 156.00K | |||||
| Asset Writedown & Restructuring Costs | 12.30M | 25.20M | ||||
| Stock-Based Compensation | 133.00K | 269.00K | 1.39M | 3.13M | 3.31M | 4.06M |
| Provision & Write-off of Bad Debts | 143.00K | 23.00K | 213.00K | 9.00K | 266.00K | 425.00K |
| Other Operating Activities | -3.77M | -5.82M | -2.95M | 3.20M | -6.97M | 6.13M |
| Change in Accounts Receivable | 5.34M | 3.43M | 13.96M | 763.00K | -3.80M | -6.43M |
| Change in Inventory | -1.91M | 8.07M | -145.00K | 13.11M | -10.27M | -21.00M |
| Change in Accounts Payable | 6.10M | 1.26M | -8.49M | -4.82M | 5.76M | 17.95M |
| Change in Unearned Revenue | -1.60M | -1.17M | -633.00K | 290.00K | 3.96M | 4.32M |
| Change in Other Net Operating Assets | -560.00K | 1.45M | 1.26M | -1.29M | 1.39M | -3.29M |
| Operating Cash Flow | -4.96M | -3.33M | -439.00K | 11.58M | 1.19M | -2.33M |
| Capital Expenditures | -18.00K | -102.00K | -506.00K | -1.32M | -1.21M | -33.89M |
| Other Investing Activities | -119.00K | |||||
| Investing Cash Flow | -18.00K | -102.00K | -506.00K | -1.32M | -1.21M | -34.01M |
| Short-Term Debt Issued | 2.50M | 4.00M | 3.00M | 54.23M | ||
| Long-Term Debt Issued | 2.50M | 58.50M | ||||
| Total Debt Issued | 2.50M | 4.00M | 3.00M | 2.50M | 112.72M | |
| Short-Term Debt Repaid | -2.50M | -4.25M | -3.00M | -11.14M | ||
| Long-Term Debt Repaid | -5.55M | -5.62M | -6.75M | -66.91M | ||
| Total Debt Repaid | -6.04M | -8.05M | -9.87M | -9.76M | -11.14M | -66.91M |
| Net Debt Issued (Repaid) | -6.04M | -5.55M | -5.87M | -6.75M | -8.64M | 45.81M |
| Issuance of Common Stock | 9.15M | 8.29M | 13.00K | 4.78M | 428.00K | |
| Preferred Dividends Paid | -1.27M | -1.27M | -1.27M | -1.27M | ||
| Dividends Paid | -1.27M | -1.27M | -1.27M | -1.27M | ||
| Other Financing Activities | -2.67M | 658.00K | -3.82M | |||
| Financing Cash Flow | 443.00K | 3.39M | -7.14M | -8.01M | -5.13M | 41.15M |
| Foreign Exchange Rate Adjustments | 1.23M | 1.41M | -1.16M | 413.00K | 1.79M | -332.00K |
| Net Cash Flow | -3.31M | 1.36M | -9.25M | 2.66M | -3.35M | 4.48M |
| Free Cash Flow | -4.98M | -3.44M | -945.00K | 10.26M | -16.00K | -36.22M |
| Free Cash Flow Margin | -4.77% | -3.15% | -0.69% | 5.81% | -0.01% | -19.56% |
| Free Cash Flow Per Share | -13.96 | -32.68 | -17.37 | 195.32 | -0.33 | -886.26 |
| Levered Free Cash Flow | 3.27M | 8.98M | 8.67M | 17.70M | 5.23M | -45.50M |
| Unlevered Free Cash Flow | 5.17M | 12.58M | 12.47M | 22.17M | 9.28M | -45.52M |
| Cash Interest Paid | 4.79M | 6.47M | 7.17M | 8.29M | 8.34M | 1.50M |
| Cash Income Tax Paid | 729.00K | 1.36M | 3.19M | 2.69M | 1.61M | 1.48M |
| Change in Working Capital | 7.36M | 13.05M | 5.96M | 8.04M | -2.97M | -8.45M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.74M | 1.62M | 3.75M | 10.28M | 23.04M | 85.64M |
| Enterprise Value | 40.78M | 62.80M | 69.93M | 73.43M | 87.24M | 131.86M |
| Last Close Price | 2.37 | 10.20 | 68.69 | 192.60 | 447.55 | 1,987.20 |
| Forward PE | 20.44 | 20.44 | 20.44 | 5.02 | 42.00 | |
| PS Ratio | 0.02 | 0.01 | 0.03 | 0.06 | 0.10 | 0.46 |
| PB Ratio | 1.29 | 0.24 | 0.23 | 0.29 | 1.05 | |
| P/FCF Ratio | 1.00 | |||||
| P/OCF Ratio | 0.89 | 19.36 | ||||
| EV/Sales Ratio | 0.39 | 0.57 | 0.52 | 0.42 | 0.39 | 0.71 |
| EV/EBITDA Ratio | 35.00 | 7.81 | 6.05 | 28.27 | ||
| EV/EBIT Ratio | 134.98 | 16.53 | ||||
| EV/FCF Ratio | 7.16 | |||||
| Debt / Equity Ratio | -30.45 | 33.10 | 2.92 | 1.09 | 0.61 | 0.64 |
| Debt / EBITDA Ratio | 10.37 | 4.11 | 2.97 | 11.14 | ||
| Debt / FCF Ratio | 4.80 | |||||
| Net Debt / Equity Ratio | -27.43 | 25.64 | 2.41 | 0.71 | 0.43 | 0.42 |
| Net Debt / EBITDA Ratio | -13.73 | -5.48 | 18.81 | 3.41 | 2.39 | 7.29 |
| Net Debt / FCF Ratio | -7.84 | -9.36 | -39.77 | 3.12 | -2,149.19 | -0.94 |
| Asset Turnover | 1.14 | 1.03 | 0.98 | 0.99 | 1.12 | 1.08 |
| Inventory Turnover | 2.27 | 1.85 | 2.01 | 2.18 | 2.82 | 3.82 |
| Quick Ratio | 0.30 | 0.58 | 0.34 | 1.01 | 0.94 | 0.87 |
| Current Ratio | 0.94 | 1.62 | 1.02 | 2.10 | 2.29 | 1.98 |
| Return on Equity (ROE) | -677.22% | -282.31% | -93.09% | -62.32% | -4.61% | -17.79% |
| Return on Assets (ROA) | -8.99% | -9.49% | -2.81% | 0.19% | 1.66% | -0.92% |
| Return on Capital Employed (ROCE) | -74.80% | -29.50% | -16.30% | 0.50% | 3.60% | -1.70% |
| Earnings Yield | -2,737.31% | -1,471.41% | -755.35% | -380.77% | -16.25% | -16.12% |
| FCF Yield | -285.89% | -212.40% | -25.19% | 99.77% | -0.07% | -42.29% |
| Buyback Yield / Dilution | -425.85% | -93.32% | -3.58% | -9.38% | -17.51% | -39.46% |