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6Apr 23, 2026·SEC
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Boxlight Corporation (BOXL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Boxlight Corporation (BOXL) stock price & volume — 10-year historical chart
Boxlight Corporation (BOXL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Boxlight Corporation (BOXL) competitors in Enterprise Networking and Wi-Fi — business model, growth, and fundamentals comparison
Boxlight Corporation (BOXL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Boxlight Corporation (BOXL) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 25.74M | 37.84M | 33.03M | 54.89M | 185.18M | 221.78M | 176.72M | 135.89M | 109.25M |
| Revenue Growth % | 26.37% | 46.99% | -12.71% | 66.19% | 237.35% | 19.77% | -20.32% | -23.1% | -19.61% |
| Cost of Goods Sold | 19.33M | 29.19M | 24.09M | 45.02M | 138.65M | 156.91M | 113.42M | 88.95M | 75.62M |
| COGS % of Revenue | 75.09% | 77.13% | 72.93% | 82.02% | 74.88% | 70.75% | 64.18% | 65.46% | 69.22% |
| Gross Profit | 6.41M▲ 0% | 8.65M▲ 34.9% | 8.94M▲ 3.3% | 9.87M▲ 10.4% | 46.52M▲ 371.5% | 64.87M▲ 39.4% | 63.3M▼ 2.4% | 46.94M▼ 25.8% | 33.63M▼ 28.4% |
| Gross Margin % | 24.91% | 22.87% | 27.07% | 17.98% | 25.12% | 29.25% | 35.82% | 34.54% | 30.78% |
| Gross Profit Growth % | -13.47% | 34.92% | 3.33% | 10.37% | 371.47% | 39.43% | -2.41% | -25.85% | -28.36% |
| Operating Expenses | 13.55M | 15.65M | 17M | 22.58M | 49.1M | 61.82M | 89.6M | 66.41M | 50M |
| OpEx % of Revenue | 52.64% | 41.36% | 51.47% | 41.13% | 26.51% | 27.87% | 50.7% | 48.87% | 45.77% |
| Selling, General & Admin | 13.09M | 14.98M | 15.77M | 21.16M | 47.27M | 59.34M | 61.25M | 62.28M | 35.45M |
| SG&A % of Revenue | 50.83% | 39.58% | 47.75% | 38.54% | 25.53% | 26.75% | 34.66% | 45.83% | 32.45% |
| Research & Development | 465.94K | 671.65K | 1.23M | 1.42M | 1.83M | 2.48M | 3.15M | 4.13M | 4.27M |
| R&D % of Revenue | 1.81% | 1.77% | 3.72% | 2.59% | 0.99% | 1.12% | 1.79% | 3.04% | 3.91% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 25.2M | 0 | 10.28M |
| Operating Income | -7.24M▲ 0% | -7M▲ 3.4% | -8.06M▼ 15.2% | -12.71M▼ 57.7% | -2.57M▲ 79.8% | 3.05M▲ 218.6% | -26.3M▼ 962.6% | -19.47M▲ 26.0% | -16.37M▲ 15.9% |
| Operating Margin % | -28.13% | -18.49% | -24.4% | -23.15% | -1.39% | 1.37% | -14.88% | -14.33% | -14.99% |
| Operating Income Growth % | -663.03% | 3.39% | -15.19% | -57.69% | 79.77% | 218.59% | -962.58% | 25.97% | 15.9% |
| EBITDA | -6.49M | -6.1M | -7.15M | -10.1M | 4.6M | 12.18M | -17.44M | 1.06M | -6.09M |
| EBITDA Margin % | -25.23% | -16.13% | -21.65% | -18.4% | 2.49% | 5.49% | -9.87% | 0.78% | -5.58% |
| EBITDA Growth % | -496.11% | 6.02% | -17.14% | -41.26% | 145.58% | 164.51% | -243.22% | 106.07% | -675.45% |
| D&A (Non-Cash Add-back) | 747.21K | 892.84K | 909K | 2.61M | 7.17M | 9.13M | 8.86M | 20.53M | 10.28M |
| EBIT | -5.9M | -6.34M | -7.61M | -14.16M | -7.11M | 6.23M | -26.45M | -19.99M | -14.7M |
| Net Interest Income | -635.45K | -841.79K | -1.79M | -2.81M | -3.38M | -9.92M | -10.84M | -10.25M | -10.03M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 635.45K | 841.79K | 1.79M | 2.81M | 3.38M | 9.92M | 10.84M | 10.25M | 10.03M |
| Other Income/Expense | 702.47K | -181.32K | -1.34M | -4.26M | -7.92M | -6.74M | -10.99M | -10.77M | -8.36M |
| Pretax Income | -6.54M▲ 0% | -7.18M▼ 9.8% | -9.4M▼ 31.0% | -16.97M▼ 80.5% | -10.49M▲ 38.2% | -3.69M▲ 64.8% | -37.29M▼ 909.5% | -30.24M▲ 18.9% | -24.73M▲ 18.2% |
| Pretax Margin % | -25.4% | -18.97% | -28.46% | -30.92% | -5.67% | -1.67% | -21.1% | -22.26% | -22.64% |
| Income Tax | 0 | 0 | 0 | -821K | 3.31M | 49K | 1.87M | -1.91M | -920K |
| Effective Tax Rate % | 0% | 0% | 0% | 4.84% | -31.55% | -1.33% | -5% | 6.31% | 3.72% |
| Net Income | -6.54M▲ 0% | -7.18M▼ 9.8% | -9.4M▼ 31.0% | -16.15M▼ 71.8% | -13.8M▲ 14.5% | -3.74M▲ 72.9% | -39.16M▼ 946.1% | -28.34M▲ 27.6% | -23.81M▲ 16.0% |
| Net Margin % | -25.4% | -18.97% | -28.46% | -29.43% | -7.45% | -1.69% | -22.16% | -20.85% | -21.79% |
| Net Income Growth % | -217.15% | -9.76% | -30.99% | -71.79% | 14.55% | 72.88% | -946.11% | 27.64% | 15.97% |
| Net Income (Continuing) | -6.54M | -7.18M | -9.4M | -16.15M | -13.8M | -3.74M | -39.16M | -28.34M | -23.81M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -287.70▲ 0% | -173.70▲ 39.6% | -211.08▼ 21.5% | -93.78▲ 55.6% | -59.94▲ 36.1% | -17.40▲ 71.0% | -128.40▼ 637.9% | -75.54▲ 41.2% | -39.74▲ 47.4% |
| EPS Growth % | -149.74% | 39.62% | -21.52% | 55.57% | 36.08% | 70.97% | -637.93% | 41.17% | 47.39% |
| EPS (Basic) | -287.70 | -173.70 | -211.08 | -93.78 | -59.94 | -17.40 | -128.40 | -75.54 | -39.74 |
| Diluted Shares Outstanding | 22.73K | 41.34K | 44.54K | 175.82K | 245.2K | 288.14K | 315.17K | 374.97K | 631.09K |
| Basic Shares Outstanding | 22.73K | 41.34K | 44.54K | 175.82K | 245.2K | 288.14K | 315.17K | 374.97K | 631.09K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Boxlight Corporation (BOXL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 10.11M | 9.96M | 9.92M | 61.4M | 108.55M | 111.24M | 100.38M | 78.38M | 69.48M |
| Cash & Short-Term Investments | 2.01M | 901.46K | 1.17M | 13.46M | 17.94M | 14.59M | 17.25M | 8.01M | 9.37M |
| Cash Only | 2.01M | 901.46K | 1.17M | 13.46M | 17.94M | 14.59M | 17.25M | 8.01M | 9.37M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.09M | 3.64M | 3.67M | 20.96M | 29.57M | 31.01M | 29.52M | 18.32M | 15.36M |
| Days Sales Outstanding | 43.81 | 35.08 | 40.6 | 139.4 | 58.29 | 51.03 | 60.98 | 49.22 | 51.31 |
| Inventory | 4.63M | 4.21M | 3.32M | 20.91M | 51.59M | 58.21M | 44.13M | 43.27M | 38.13M |
| Days Inventory Outstanding | 87.36 | 52.7 | 50.29 | 169.54 | 135.81 | 135.41 | 142.02 | 177.53 | 184.03 |
| Other Current Assets | 335.09K | 1.03M | 1K | 0 | 1.71M | 3.3M | 6.29M | 6.57M | 6.62M |
| Total Non-Current Assets | 10.34M | 11.3M | 10.55M | 78.55M | 92.89M | 84.15M | 58.19M | 36.92M | 28.07M |
| Property, Plant & Equipment | 29.75K | 226.41K | 207K | 562K | 1.07M | 6.08M | 11.32M | 10.19M | 8.78M |
| Fixed Asset Turnover | 865.27x | 167.14x | 159.57x | 97.67x | 172.58x | 36.46x | 15.61x | 13.34x | 12.44x |
| Goodwill | 4.18M | 4.72M | 4.72M | 22.74M | 26.04M | 25.09M | 0 | 0 | 0 |
| Intangible Assets | 6.13M | 6.35M | 5.56M | 55.16M | 65.53M | 52.58M | 45.96M | 25.94M | 17.08M |
| Long-Term Investments | 325 | 225 | 200 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 292 | 298 | 55.8K | 90K | 248K | 397K | 906K | 790K | 734K |
| Total Assets | 20.45M▲ 0% | 21.27M▲ 4.0% | 20.47M▼ 3.8% | 139.95M▲ 583.7% | 201.44M▲ 43.9% | 195.4M▼ 3.0% | 158.57M▼ 18.8% | 115.31M▼ 27.3% | 97.54M▼ 15.4% |
| Asset Turnover | 1.26x | 1.78x | 1.61x | 0.39x | 0.92x | 1.14x | 1.11x | 1.18x | 1.12x |
| Asset Growth % | 6.97% | 3.98% | -3.75% | 583.73% | 43.93% | -3% | -18.85% | -27.28% | -15.4% |
| Total Current Liabilities | 11.23M | 12.56M | 17.21M | 40.39M | 54.75M | 48.48M | 46.23M | 77.04M | 42.85M |
| Accounts Payable | 7.39M | 7.29M | 9.75M | 12.67M | 25.71M | 30.72M | 27.45M | 20.7M | 26.48M |
| Days Payables Outstanding | 139.48 | 91.15 | 147.78 | 102.72 | 67.69 | 71.46 | 88.33 | 84.95 | 127.84 |
| Short-Term Debt | 856.45K | 2.68M | 4.9M | 16.82M | 9.8M | 845K | 1.04M | 37.15M | 3.02M |
| Deferred Revenue (Current) | 1.13M | 938.05K | 1.97M | 5.67M | 7.58M | 8.31M | 8.7M | 9.02M | 9.27M |
| Other Current Liabilities | 1.79M | 1.05M | 191K | 1.57M | 3.73M | 858K | 2.12M | 4.68M | 4.08M |
| Current Ratio | 0.90x | 0.79x | 0.58x | 1.52x | 1.98x | 2.29x | 2.17x | 1.02x | 1.62x |
| Quick Ratio | 0.49x | 0.46x | 0.38x | 1.00x | 1.04x | 1.09x | 1.22x | 0.46x | 0.73x |
| Cash Conversion Cycle | -8.31 | -3.38 | -56.89 | 206.22 | 126.41 | 114.98 | 114.67 | 141.8 | 107.5 |
| Total Non-Current Liabilities | 175.29K | 736.3K | 3.91M | 55.09M | 93.39M | 95.03M | 95.59M | 51.16M | 53.44M |
| Long-Term Debt | 0 | 328K | 1.31M | 7.83M | 42.14M | 43.78M | 39.13M | 0 | 32.88M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 2.46M | 7.28M | 6.43M | 5.65M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 7.9M | 8.45M | 4.68M | 4.32M | 901K | 0 |
| Other Non-Current Liabilities | 0 | 273.33K | 16K | 28.88M | 28.85M | 28.51M | 28.51M | 28.67M | 60K |
| Total Liabilities | 9.55M | 13.3M | 21.12M | 95.48M | 148.13M | 143.5M | 113.31M | 128.2M | 96.29M |
| Total Debt | 856.45K | 3.01M | 6.21M | 24.65M | 51.94M | 48.98M | 49.28M | 45.59M | 41.54M |
| Net Debt | -1.15M | 2.11M | 5.04M | 11.19M | 34M | 34.39M | 32.03M | 37.59M | 32.17M |
| Debt / Equity | 0.08x | 0.38x | - | 0.55x | 0.97x | 0.94x | 1.09x | - | 33.10x |
| Debt / EBITDA | - | - | - | - | 11.28x | 4.02x | - | 43.05x | - |
| Net Debt / EBITDA | - | - | - | - | 7.39x | 2.82x | - | 35.49x | - |
| Interest Coverage | -9.29x | -7.53x | -4.24x | -5.03x | -2.10x | 0.63x | -2.44x | -1.95x | -1.47x |
| Total Equity | 10.91M▲ 0% | 7.97M▼ 26.9% | -647K▼ 108.1% | 44.47M▲ 6973.0% | 53.3M▲ 19.9% | 51.89M▼ 2.6% | 45.26M▼ 12.8% | -12.9M▼ 128.5% | 1.25M▲ 109.7% |
| Equity Growth % | 415.91% | -26.95% | -108.12% | 6972.95% | 19.86% | -2.64% | -12.78% | -128.49% | 109.73% |
| Book Value per Share | 479.88 | 192.74 | -14.53 | 252.91 | 217.37 | 180.10 | 143.61 | -34.39 | 1.99 |
| Total Shareholders' Equity | 9.05M | 7.97M | -647K | 44.47M | 53.3M | 51.89M | 45.26M | -12.9M | 1.25M |
| Common Stock | 956 | 1.02K | 1K | 6K | 6K | 1K | 1K | 0 | 0 |
| Retained Earnings | -12.03M | -19.21M | -31.35M | -47.5M | -61.3M | -65.04M | -104.28M | -132.61M | -156.42M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -47.85K | -106.42K | -38K | 5.19M | 3.73M | -914K | 1.3M | 227K | 2.55M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Boxlight Corporation (BOXL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.34M | -3.77M | -4.26M | -4.66M | -2.33M | 1.19M | 11.58M | -439K | -3.33M |
| Operating CF Margin % | -5.22% | -9.98% | -12.91% | -8.5% | -1.26% | 0.54% | 6.55% | -0.32% | -3.05% |
| Operating CF Growth % | -156.67% | -180.99% | -12.94% | -9.39% | 50.04% | 151.07% | 873.19% | -103.79% | -659.68% |
| Net Income | -7.3M | -7.18M | -9.4M | -16.15M | -13.8M | -3.74M | -39.16M | -28.34M | 0 |
| Depreciation & Amortization | 747.21K | 885.7K | 908.99K | 2.61M | 7.17M | 9.13M | 8.86M | 20.53M | 0 |
| Stock-Based Compensation | 4.24M | 2.02M | 1.19M | 1.64M | 4.06M | 3.31M | 3.13M | 1.39M | 0 |
| Deferred Taxes | 0 | -230.02K | -424.55K | -1.48M | 788K | -3.78M | -347K | -3.42M | 0 |
| Other Non-Cash Items | 184.15K | 4.42K | 456.06K | 4.1M | 7.9M | -767K | 31.05M | 3.44M | -16.38M |
| Working Capital Changes | 781.7K | 722.38K | 3.01M | 4.62M | -8.45M | -2.97M | 8.04M | 5.96M | 13.05M |
| Change in Receivables | -464.66K | -72.88K | 142.3K | -212K | -6.43M | -3.8M | 763K | 13.96M | 3.43M |
| Change in Inventory | -596.65K | 836.38K | 1.3M | 795K | -21M | -10.27M | 13.11M | 631K | 8.07M |
| Change in Payables | 1.23M | 183.34K | 1.46M | 1.12M | 18.05M | 5.76M | 0 | -8.49M | 0 |
| Cash from Investing | -10K | 900.2K | 6.65K | -45.32M | -34.01M | -1.21M | -1.32M | -506K | -102K |
| Capital Expenditures | -10K | -410.14K | -3.61K | -265K | -285K | -1.11M | -1.32M | -506K | -102K |
| CapEx % of Revenue | 0.04% | 1.08% | 0.01% | 0.48% | 0.15% | 0.5% | 0.75% | 0.37% | 0.09% |
| Acquisitions | 0 | 1.31M | 10.26K | -45.05M | -33.6M | -100K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | -119K | 0 | 0 | 0 | 0 |
| Cash from Financing | 2.93M | 1.78M | 4.46M | 65.58M | 41.15M | -5.13M | -8.01M | -7.14M | 3.39M |
| Debt Issued (Net) | -2.75M | 1.36M | 4.7M | 23.22M | 45.81M | -8.64M | -6.75M | -5.87M | -5.55M |
| Equity Issued (Net) | 5.68M | 420K | 0 | 42.72M | 428K | 4.78M | 13K | 0 | 8.29M |
| Dividends Paid | 0 | 0 | 0 | -338K | -1.27M | -1.27M | -1.27M | -1.27M | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 29 | 103 | -237.06K | -20K | -3.82M | 0 | 0 | 0 | 658K |
| Net Change in Cash | 1.55M▲ 0% | -1.11M▼ 171.4% | 271.54K▲ 124.5% | 12.29M▲ 4425.0% | 4.48M▼ 63.6% | -3.35M▼ 174.7% | 2.66M▲ 179.5% | -9.25M▼ 447.3% | 1.36M▲ 114.7% |
| Free Cash Flow | -1.35M▲ 0% | -4.18M▼ 209.2% | -4.27M▼ 2.0% | -4.93M▼ 15.5% | -2.62M▲ 46.9% | 84K▲ 103.2% | 10.26M▲ 12114.3% | -945K▼ 109.2% | -3.44M▼ 263.7% |
| FCF Margin % | -5.26% | -11.06% | -12.92% | -8.98% | -1.41% | 0.04% | 5.81% | -0.7% | -3.15% |
| FCF Growth % | -157.1% | -209.22% | -1.96% | -15.51% | 46.95% | 103.21% | 12114.29% | -109.21% | -263.7% |
| FCF per Share | -59.54 | -101.23 | -95.81 | -28.03 | -10.66 | 0.29 | 32.55 | -2.52 | -5.45 |
| FCF Conversion (FCF/Net Income) | 0.21x | 0.53x | 0.45x | 0.29x | 0.17x | -0.32x | -0.30x | 0.02x | 0.14x |
| Interest Paid | 0 | 0 | 0 | 542K | 1.5M | 8.34M | 8.29M | 7.17M | 6.47M |
| Taxes Paid | 0 | 0 | 0 | 2.32M | 1.48M | 1.61M | 2.69M | 3.19M | 1.36M |
Boxlight Corporation (BOXL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -191.32% | -100.44% | -76.05% | -256.85% | -73.72% | -28.23% | -7.12% | -80.61% | -175.1% | -1897.21% |
| Return on Invested Capital (ROIC) | 20.31% | -56.61% | -52.92% | -83.54% | -31.74% | -2.7% | 2.63% | -24.12% | -28.64% | -42.26% |
| Gross Margin | 36.38% | 24.91% | 22.87% | 27.07% | 17.98% | 25.12% | 29.25% | 35.82% | 34.54% | 30.78% |
| Net Margin | -10.12% | -25.4% | -18.97% | -28.46% | -29.43% | -7.45% | -1.69% | -22.16% | -20.85% | -21.79% |
| Debt / Equity | 3.68x | 0.08x | 0.38x | - | 0.55x | 0.97x | 0.94x | 1.09x | - | 33.10x |
| Interest Coverage | -1.52x | -9.29x | -7.53x | -4.24x | -5.03x | -2.10x | 0.63x | -2.44x | -1.95x | -1.47x |
| FCF Conversion | -1.15x | 0.21x | 0.53x | 0.45x | 0.29x | 0.17x | -0.32x | -0.30x | 0.02x | 0.14x |
| Revenue Growth | 503.2% | 26.37% | 46.99% | -12.71% | 66.19% | 237.35% | 19.77% | -20.32% | -23.1% | -19.61% |
Boxlight Corporation (BOXL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 23, 2026·SEC
Apr 13, 2026·SEC
Apr 7, 2026·SEC
Boxlight Corporation (BOXL) stock FAQ — growth, dividends, profitability & financials explained
Boxlight Corporation (BOXL) reported $109.2M in revenue for fiscal year 2025. This represents a 3663% increase from $2.9M in 2014.
Boxlight Corporation (BOXL) saw revenue decline by 19.6% over the past year.
Boxlight Corporation (BOXL) reported a net loss of $23.8M for fiscal year 2025.
Boxlight Corporation (BOXL) has a return on equity (ROE) of -1897.2%. Negative ROE indicates the company is unprofitable.
Boxlight Corporation (BOXL) had negative free cash flow of $3.4M in fiscal year 2025, likely due to heavy capital investments.
Boxlight Corporation (BOXL) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates