Revenue growth remains stagnant with a 0.1% year-over-year change in 2026Q1, while structural margin compression is highlighted by a net margin of -29.1%.
| Sales/Revenue | 109.27M | 109.25M | 135.89M | 176.72M | 221.78M | 185.18M | 54.89M | 33.03M | 37.84M | 25.74M | 20.37M | 3.38M | 2.9M |
| Revenue Growth % | -9.86% | -19.61% | -23.1% | -20.32% | 19.77% | 237.35% | 66.19% | -12.71% | 46.99% | 26.37% | 503.2% | 16.34% | - |
| Cost of Goods Sold | 76.74M | 75.62M | 88.95M | 113.42M | 156.91M | 138.65M | 45.02M | 24.09M | 29.19M | 19.33M | 12.96M | 2.28M | 2.24M |
| COGS % of Revenue | - | 69.22% | 65.46% | 64.18% | 70.75% | 74.88% | 82.02% | 72.93% | 77.13% | 75.09% | 63.62% | 67.42% | 77.05% |
| Gross Profit | 32.52M | 33.63M | 46.94M | 63.3M | 64.87M | 46.52M | 9.87M | 8.94M | 8.65M | 6.41M | 7.41M | 1.1M | 666.2K |
| Gross Margin % | 29.77% | 30.78% | 34.54% | 35.82% | 29.25% | 25.12% | 17.98% | 27.07% | 22.87% | 24.91% | 36.38% | 32.58% | 22.95% |
| Gross Profit Growth % | - | -28.36% | -25.85% | -2.41% | 39.43% | 371.47% | 10.37% | 3.33% | 34.92% | -13.47% | 573.65% | 65.16% | - |
| Operating Expenses | 50.9M | 50M | 66.41M | 89.6M | 61.82M | 49.1M | 22.58M | 17M | 15.65M | 13.55M | 8.7M | 3.15M | -400.6K |
| OpEx % of Revenue | - | 45.77% | 48.87% | 50.7% | 27.87% | 26.51% | 41.13% | 51.47% | 41.36% | 52.64% | 42.7% | 93.28% | -13.8% |
| Selling, General & Admin | 38.82M | 35.45M | 62.28M | 61.25M | 59.34M | 47.27M | 21.16M | 15.77M | 14.98M | 13.09M | 7.69M | 2.94M | 1.73M |
| SG&A % of Revenue | - | 32.45% | 45.83% | 34.66% | 26.75% | 25.53% | 38.54% | 47.75% | 39.58% | 50.83% | 37.75% | 87.11% | 59.7% |
| Research & Development | 4.29M | 4.27M | 4.13M | 3.15M | 2.48M | 1.83M | 1.42M | 1.23M | 671.65K | 465.94K | 1.01M | 208.16K | 0 |
| R&D % of Revenue | - | 3.91% | 3.04% | 1.79% | 1.12% | 0.99% | 2.59% | 3.72% | 1.77% | 1.81% | 4.95% | 6.16% | - |
| Other Operating Expenses | 3M | 10.28M | 0 | 25.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.13M |
| Operating Income | -18.37M | -16.37M | -19.47M | -26.3M | 3.05M | -2.57M | -12.71M | -8.06M | -7M | -7.24M | 1.29M | 2.05M | -668.22K |
| Operating Margin % | -16.81% | -14.99% | -14.33% | -14.88% | 1.37% | -1.39% | -23.15% | -24.4% | -18.49% | -28.13% | 6.31% | 60.7% | -23.02% |
| Operating Income Growth % | - | 15.9% | 25.97% | -962.58% | 218.59% | 79.77% | -57.69% | -15.19% | 3.39% | -663.03% | -37.25% | 406.78% | - |
| EBITDA | -8M | -6.09M | 1.06M | -17.44M | 12.18M | 4.6M | -10.1M | -7.15M | -6.1M | -6.49M | 1.64M | -2.05M | -668.22K |
| EBITDA Margin % | -7.32% | -5.58% | 0.78% | -9.87% | 5.49% | 2.49% | -18.4% | -21.65% | -16.13% | -25.23% | 8.05% | -60.7% | -23.02% |
| EBITDA Growth % | -471.95% | -675.45% | 106.07% | -243.22% | 164.51% | 145.58% | -41.26% | -17.14% | 6.02% | -496.11% | 179.98% | -206.78% | - |
| D&A (Non-Cash Add-back) | 10.37M | 10.28M | 20.53M | 8.86M | 9.13M | 7.17M | 2.61M | 909K | 892.84K | 747.21K | 353.39K | 0 | 0 |
| EBIT | -19.43M | -14.7M | -19.99M | -26.45M | 6.23M | -7.11M | -14.16M | -7.61M | -6.34M | -5.9M | -1.24M | -2.05M | -668.22K |
| Net Interest Income | -8.82M | -10.03M | -10.25M | -10.84M | -9.92M | -3.38M | -2.81M | -1.79M | -841.79K | -635.45K | -818.23K | -98.51K | -20.09K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 8.82M | 10.03M | 10.25M | 10.84M | 9.92M | 3.38M | 2.81M | 1.79M | 841.79K | 635.45K | 818.23K | 98.51K | 20.09K |
| Other Income/Expense | -9.88M | -8.36M | -10.77M | -10.99M | -6.74M | -7.92M | -4.26M | -1.34M | -181.32K | 702.47K | -775.73K | -4.31M | -6.68K |
| Pretax Income | -28.25M | -24.73M | -30.24M | -37.29M | -3.69M | -10.49M | -16.97M | -9.4M | -7.18M | -6.54M | -2.06M | -2.26M | -674.89K |
| Pretax Margin % | -25.85% | -22.64% | -22.26% | -21.1% | -1.67% | -5.67% | -30.92% | -28.46% | -18.97% | -25.4% | -10.12% | -66.89% | -23.25% |
| Income Tax | -1.16M | -920K | -1.91M | 1.87M | 49K | 3.31M | -821K | 0 | 0 | 0 | 775.73K | 0 | 0 |
| Effective Tax Rate % | 4.09% | 3.72% | 6.31% | -5% | -1.33% | -31.55% | 4.84% | 0% | 0% | 0% | -37.62% | 0% | 0% |
| Net Income | -27.09M | -23.81M | -28.34M | -39.16M | -3.74M | -13.8M | -16.15M | -9.4M | -7.18M | -6.54M | -2.06M | -2.26M | -1.09M |
| Net Margin % | -24.79% | -21.79% | -20.85% | -22.16% | -1.69% | -7.45% | -29.43% | -28.46% | -18.97% | -25.4% | -10.12% | -66.89% | -37.44% |
| Net Income Growth % | -10.63% | 15.97% | 27.64% | -946.11% | 72.88% | 14.55% | -71.79% | -30.99% | -9.76% | -217.15% | 8.73% | -107.85% | - |
| Net Income (Continuing) | -27.09M | -23.81M | -28.34M | -39.16M | -3.74M | -13.8M | -16.15M | -9.4M | -7.18M | -6.54M | -2.06M | -2.26M | -1.09M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -257.57 | -238.44 | -453.24 | -770.40 | -104.40 | -359.64 | -562.68 | -1266.48 | -1042.20 | -1726.20 | -691.20 | -797.40 | -1087.56 |
| EPS Growth % | 55.96% | 47.39% | 41.17% | -637.93% | 70.97% | 36.08% | 55.57% | -21.52% | 39.62% | -149.74% | 13.32% | 26.68% | - |
| EPS (Basic) | - | -238.44 | -453.24 | -770.40 | -104.40 | -359.64 | -562.68 | -1266.48 | -1042.20 | -1726.20 | -691.20 | -797.40 | -1087.56 |
| Diluted Shares Outstanding | 105.18K | 105.18K | 62.49K | 52.53K | 48.02K | 40.87K | 29.3K | 7.42K | 6.89K | 3.79K | 2.99K | 2.84K | 2.48K |
| Basic Shares Outstanding | 105.18K | 105.18K | 62.49K | 52.53K | 48.02K | 40.87K | 29.3K | 7.42K | 6.89K | 3.79K | 2.99K | 2.84K | 2.48K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - |
Liquidity and funding cliff
As reported in recent financial statements, Boxlight's revenue has faced a sustained downward trajectory, culminating in a 19.61% year-over-year decline that highlights the company's struggle to maintain market share following the expiration of pandemic-era federal stimulus funding for educational technology procurement across its core markets.
The consistent revenue decay suggests that the company's hardware-centric model is highly sensitive to the cyclical nature of school district capital expenditure budgets. Investors should monitor whether the current revenue base has reached a floor or if further erosion is likely as the firm faces increased competition from platform-agnostic software providers.
According to the provided income statement data, Boxlight's gross margins have fluctuated significantly, recently settling at 30.9% in 2026Q1, which reflects the inherent difficulty in maintaining pricing power within a commoditized hardware market that is increasingly sensitive to global supply chain costs and component price volatility.
The inability to consistently expand gross margins above the 30% threshold suggests that the company lacks the necessary software-driven pricing power to offset hardware manufacturing costs. This margin profile appears to leave the firm with little buffer to absorb inflationary pressures or aggressive discounting from larger, better-capitalized display competitors.
Based on the reported figures, Boxlight continues to exhibit negative operating leverage, with operating margins reaching -21.9% in the most recent quarter, indicating that the company's fixed cost base remains disproportionately high relative to its current, shrinking revenue volume and overall scale of operations.
The persistent gap between gross profit and operating expenses suggests that management has not yet successfully rightsized the organization to match the post-stimulus demand environment. This structural inefficiency warrants further investigation into whether the current SG&A levels are sustainable or if they represent a significant drag on potential future profitability.
Financial data indicates that Boxlight's net margin of -29.1% in 2026Q1, combined with a limited cash position of $9.37 million, raises serious questions regarding the long-term viability of the current business model without significant external capital infusion or a drastic reduction in the company's existing cost structure.
Short-sellers would likely focus on the company's inability to achieve positive net income despite various attempts at M&A-driven growth. The reliance on debt to fund operations in a high-interest-rate environment appears to create a precarious situation that may necessitate further shareholder dilution to maintain basic liquidity.
Quick answers to the most common questions about buying BOXL stock.
For fiscal year 2025, Boxlight Corporation (BOXL) reported total revenue of $109.2M. This represents a 3663.4% increase compared to $2.9M in 2014.
Boxlight Corporation (BOXL) reported a net loss of $23.8M for the fiscal year ending 2025.
Boxlight Corporation (BOXL) reported an operating income of $-16.4M, resulting in an operating profit margin of -15.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Boxlight Corporation (BOXL) generated $33.6M in gross profit for the year, representing a gross profit margin of 30.8%. This demonstrates the company's core pricing power and production efficiency.