The company's financial stability is under severe pressure, with shareholders' equity declining to $5.7 million by 2025Q4 and cash reserves plummeting to a precarious $39,158.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|
| Total Current Assets | 73.5M | 69.74K | 1.17M | 1.01M | 3.91M | 10.7M | 1.01M | 36.74K | 176.07K | 252.94K | 1.02M | 218.61K | 119 | 9.5K |
| Cash & Short-Term Investments | 42.55M | 39.16K | 17.04K | 475.65K | 3.64M | 10.44M | 972.83K | 21.17K | 28K | 8.15K | 703.64K | 60.7K | 119 | 9.5K |
| Cash Only | 42.55M | 39.16K | 17.04K | 472.7K | 425.58K | 2.43M | 972.83K | 21.17K | 28K | 8.15K | 703.64K | 60.29K | 119 | 9.5K |
| Short-Term Investments | 0 | 0 | 0 | 2.96K | 3.22M | 8.02M | 0 | 0 | 0 | 0 | 0 | 414 | 0 | 0 |
| Accounts Receivable | 1.25M | 20.15K | 1.11M | 18.21K | 59.61K | 18.59K | 17.99K | 5.75K | 3.72K | 5.11K | 1.57K | 0 | 0 | 0 |
| Days Sales Outstanding | 85.41 | 3.02 | 157.44 | 2.14 | 4.39 | 1.11 | 1.95 | 1.97 | 1.96 | 2.05 | 6.04 | - | - | - |
| Inventory | 3K | 3.46K | 3.46K | 3.46K | 15.46K | 13.57K | 17.66K | -9.82K | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 1 | 1 | 0.88 | 0.76 | 2.71 | 2.67 | 5.37 | - | 0 | - | - | - | - | - |
| Other Current Assets | 29.69M | 6.97K | 44.88K | 475K | 190.12K | 0 | -81.34K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 56.96M | 8.62M | 8.72M | 8.82M | 428.73K | 448.14K | 149.37K | 243.9K | 33.82K | 27.34K | 16.66K | 15.46K | 0 | 0 |
| Property, Plant & Equipment | 789K | 947 | 6.31K | 396.65K | 428.73K | 448.14K | 68.03K | 126.33K | 33.82K | 27.34K | 16.66K | 15.46K | 0 | 0 |
| Fixed Asset Turnover | 7.92x | 2567.30x | 406.81x | 7.83x | 11.57x | 13.64x | 49.50x | 8.41x | 20.48x | 33.31x | 5.68x | - | - | - |
| Goodwill | 2.08M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.26M | 0 | 0 | 0 | 0 | 0 | 0 | 7.64K | 15.06K | 6.19K | 0 | 0 | 0 | 0 |
| Long-Term Investments | 27.24M | 8.39M | 8.42M | 8.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 50.84M | 221.38K | 287.78K | 0 | 0 | 0 | 81.34K | 109.93K | -15.06K | -6.19K | 0 | 0 | 0 | 0 |
| Total Assets | 130.46M | 8.69M | 9.89M | 9.83M | 4.34M | 11.15M | 1.16M | 280.64K | 209.89K | 280.29K | 1.04M | 234.08K | 119 | 9.5K |
| Asset Turnover | 0.06x | 0.28x | 0.26x | 0.32x | 1.14x | 0.55x | 2.91x | 3.79x | 3.30x | 3.25x | 0.09x | - | - | - |
| Asset Growth % | 1150.78% | -12.18% | 0.64% | 126.68% | -61.11% | 863% | 312.58% | 33.71% | -25.12% | -72.99% | 343.25% | 196605.04% | -98.75% | - |
| Total Current Liabilities | 14.57M | 2.87M | 4.27M | 2.23M | 1.85M | 2.93M | 2M | 3.55M | 1.36M | 451.93K | 89.96K | 29.15K | 1.5K | 6.44K |
| Accounts Payable | 5M | 1.46M | 1.63M | 842.4K | 730.1K | 585.62K | 352.55K | 632.29K | 525.14K | 368.11K | 72.28K | 29.15K | 7.32K | 0 |
| Days Payables Outstanding | 747.25 | 422.12 | 413.89 | 184.54 | 128.06 | 115.46 | 107.11 | 332.03 | 297.02 | 247.83 | 337.91 | - | - | - |
| Short-Term Debt | 739K | 516.03K | 10.59K | 28.06K | 28.73K | 971.85K | 399.61K | 1.04M | 228K | 56.46K | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.91M | 726.21K | 1.12M | 1.3M | 1.02M | 1.3M | 1.2M | 369.01K | 90.03K | 27.36K | 17.68K | 0 | 0 | 0 |
| Other Current Liabilities | 8.83M | 0 | 1.44M | 1.61K | 0 | 0 | 0 | 1.41M | 472.31K | 0 | 0 | 0 | -5.82K | 6.44K |
| Current Ratio | 5.04x | 0.02x | 0.27x | 0.45x | 2.11x | 3.65x | 0.50x | 0.01x | 0.13x | 0.56x | 11.35x | 7.50x | 0.08x | 1.48x |
| Quick Ratio | 5.04x | 0.02x | 0.27x | 0.45x | 2.10x | 3.65x | 0.50x | 0.01x | 0.13x | 0.56x | 11.35x | 7.50x | 0.08x | 1.48x |
| Cash Conversion Cycle | -660.84 | -418.1 | -255.57 | -181.64 | -120.96 | -111.67 | -99.8 | - | -295.06 | - | - | - | - | - |
| Total Non-Current Liabilities | 14.32M | 154.42K | 228.78K | 298.97K | 305.25K | 403.99K | 916.39K | 66.72K | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 154K | 0 | 0 | 11.55K | 39.61K | 68.35K | 890.15K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 1.04M | 154.42K | 228.78K | 287.42K | 265.64K | 335.64K | 26.24K | 66.72K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 13.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 28.89M | 3.03M | 4.5M | 2.53M | 2.16M | 3.33M | 2.92M | 3.62M | 1.36M | 451.93K | 89.96K | 29.15K | 1.5K | 6.44K |
| Total Debt | 1.41M | 744.82K | 304.77K | 391.85K | 403.99K | 1.44M | 1.36M | 1.15M | 430.27K | 56.46K | 0 | 0 | 0 | 0 |
| Net Debt | -41.14M | 705.66K | 287.73K | -80.85K | -21.59K | -988.03K | 383.65K | 1.13M | 402.27K | 48.31K | -703.64K | -60.29K | -119 | -9.5K |
| Debt / Equity | 0.01x | 0.13x | 0.06x | 0.05x | 0.19x | 0.18x | - | - | - | - | - | - | - | - |
| Debt / EBITDA | -0.02x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.45x | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -9.24x | -9.35x | -26.18x | -7367.81x | -33.59x | -5.83x | 0.20x | -1.30x | -24.52x | - | -218.85x | - | - | - |
| Total Equity | 101.57M | 5.66M | 5.39M | 7.3M | 2.18M | 7.82M | -1.76M | -3.34M | -1.15M | -171.65K | 947.6K | 204.93K | -1.38K | 3.06K |
| Equity Growth % | 2019.13% | 4.92% | -26.07% | 235.07% | -72.14% | 544.74% | 47.35% | -191.18% | -567.93% | -118.11% | 362.4% | 14939.32% | -145.13% | - |
| Book Value per Share | 1.88 | 1.49 | 1.60 | 2.27 | 0.66 | 3.24 | -0.87 | -1.72 | -0.60 | -0.09 | 0.55 | 0.14 | -0.00 | 0.00 |
| Total Shareholders' Equity | 101.57M | 5.66M | 5.39M | 7.3M | 2.18M | 7.82M | -1.76M | -3.34M | -1.15M | -171.65K | 947.6K | 204.93K | -1.38K | 3.06K |
| Common Stock | 60K | 4.31K | 3.54K | 3.22K | 13.19K | 13.1K | 8.41K | 7.91K | 7.68K | 23K | 23.11K | 20.84K | 10.03K | 10.03K |
| Retained Earnings | -187.84M | -27.38M | -22.96M | -19.48M | -14.82M | -9.8M | -7.18M | -6.83M | -3.85M | -2.69M | -1.43M | -620.51K | -43.15K | -19.94K |
| Treasury Stock | 0 | -40 | 0 | -27.65K | -1.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -50K | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 23.34K | 15K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity exhaustion
As reported in recent financial filings, BLBX has seen its total assets contract from $10.2 million in 2025Q1 to $8.7 million by 2025Q4, signaling a deteriorating balance sheet trajectory that reflects the company's inability to retain capital while sustaining its current operational model.
The consistent decline in asset value suggests that the company is consuming its resource base to fund ongoing operating losses rather than reinvesting for growth. This trend indicates that the business model is currently unable to generate the internal capital necessary to maintain its scale, leaving the company increasingly reliant on external financing.
Based on the most recent quarterly data, BLBX's cash and equivalents have plummeted to a precarious $39,158, a figure that represents a near-total exhaustion of liquid assets and leaves the company with virtually no buffer against operational shocks or further revenue volatility.
With a current ratio of 0.02 as of 2025Q4, the company faces an acute liquidity crisis that suggests it may be unable to meet its short-term obligations without immediate intervention. Investors should monitor this closely, as the lack of a cash runway typically necessitates highly dilutive equity raises or emergency debt restructuring.
According to the company's balance sheet, shareholders' equity has declined significantly from $7.3 million in 2023Q4 to $5.7 million in 2025Q4, driven by the persistent accumulation of losses that continue to erode the company's net book value over time.
The consistent growth in the accumulated deficit, now reaching -$27.4 million, highlights the structural difficulty the company faces in achieving profitability. This erosion of equity suggests that the business is effectively consuming shareholder capital to support its current operating structure, which warrants significant caution regarding long-term solvency.
As indicated by the provided financial statements, the company's deferred revenue has fluctuated significantly, dropping from $1.1 million in 2024Q4 to $726.2K in 2025Q4, which may suggest a weakening in the forward-looking subscription pipeline and a potential acceleration in customer churn.
The volatility in deferred revenue, combined with the extremely low cash position, implies that the company's ability to collect cash upfront from subscribers is failing to keep pace with its cash burn. This mismatch between bookings and liquidity suggests that the headline revenue figures may mask a more severe underlying struggle to maintain a stable, recurring revenue base.
Quick answers to the most common questions about buying BLBX stock.
As of 2025, Blackboxstocks Inc. (BLBX) had total assets of $8.7M including $0.1M in current assets.
Blackboxstocks Inc. (BLBX) carries total debt of $0.7M, offset by $0.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Blackboxstocks Inc. (BLBX) has total shareholders' equity (book value) of $5.7M ($1.49 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Blackboxstocks Inc. (BLBX) reported a current ratio of 0.02x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.