BOXL on Nasdaq
Boxlight Corp
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
30.8%Gross margin3
-15.0%Operating margin3
-21.8%Net margin3
-19.6%Revenue growth, 20253
-1897.2%Return on equity3
26.20×Debt to equity3
-$3.4MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Hardware brought in 95% of the revenue Boxlight Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Hardware | $124.4M | $103.7M |
| Maintenance and subscription services | $9.4M | $4.7M |
| Software And Embedded Firmware | $1.2M | $648.0K |
| Professional Services | $903.0K | $120.0K |
Business segments
Europe, Middle East And Africa brought in 52% of the revenue Boxlight Corp broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Europe, Middle East And Africa | $73.9M | $58.4M |
| America | $65.5M | $51.7M |
| Geographic Regions Other Than America, Europe, Middle East and Africa | $593.0K | $1.2M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue69¢$75.6M
- Research and development4¢$4.3M
- Other costs26¢$28.4M
- Income tax1¢$920.0K
Out of $109.2M in revenue.3 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues, net | $109.2M | $135.9M |
| Cost of revenues | $75.6M | $89.0M |
| Gross profit | $33.6M | $46.9M |
| General and administrative | $35.5M | $41.8M |
| Depreciation and amortization | $10.3M | $20.5M |
| Research and development | $4.3M | $4.1M |
| Total operating expense | $50.0M | $66.4M |
| Loss from operations | -$16.4M | -$19.5M |
| Interest expense, net | -$10.0M | -$10.3M |
| Other income (expense), net | $1.1M | -$727.0K |
| Loss on warrant issuance | -$578.0K | $0 |
| Change in fair value of common warrants | $1.4M | $0 |
| Total other expense | -$8.4M | -$10.8M |
| Loss before income taxes | -$24.7M | -$30.2M |
| Income tax benefit | $920.0K | $1.9M |
| Net loss | -$23.8M | -$28.3M |
| Fixed dividends - Series B Preferred | -$1.3M | -$1.3M |
| Net loss attributable to common stockholders - basic | -$25.1M | -$29.6M |
| Net loss attributable to common stockholders - diluted | -$25.1M | -$29.6M |
| Foreign currency translation adjustment | $2.3M | -$1.1M |
| Total comprehensive loss | -$21.5M | -$29.4M |
| Net loss per common share basic (in dollars per share) | -$39.74 | -$90.69 |
| Net loss per common share diluted (in dollars per share) | -$39.74 | -$90.69 |
| Weighted average number of common shares outstanding basic (in shares) | 631.1K shares | 326.4K shares |
| Weighted average number of common shares outstanding diluted (in shares) | 631.1K shares | 326.4K shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2025-01-31 | 2024-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $9.4M | $8.0M | |
| Accounts receivable trade, net of allowances of $1,055 and $394, respectively | $15.4M | $18.3M | |
| Inventories, net of reserves | $38.1M | $43.3M | |
| Prepaid expenses and other current assets | $6.6M | $8.8M | |
| Total current assets | $69.5M | $78.4M | |
| Property and equipment, net of accumulated depreciation | $1.8M | $2.1M | |
| Operating lease right of use asset | $7.0M | $8.1M | |
| Intangible assets, net of accumulated amortization | $17.1M | $25.9M | |
| Deferred tax assets, net | $1.5M | $0 | |
| Other assets | $734.0K | $790.0K | |
| Total assets | $97.5M | $115.3M | |
| Accounts payable and accrued expenses | $26.5M | $24.2M | |
| Short-term debt | $1.3M | $37.1M | |
| Operating lease liabilities, current | $1.7M | $2.0M | |
| Deferred revenues, current | $9.3M | $9.0M | |
| Other short-term liabilities | $3.6M | $4.7M | |
| Total current liabilities | $42.9M | $77.0M | |
| Deferred revenues, non-current | $14.8M | $15.2M | |
| Long-term debt | $32.9M | $0 | |
| Deferred tax liabilities, net | $0 | $901.0K | |
| Operating lease liabilities, non-current | $5.7M | $6.4M | |
| Other long-term liabilities | $60.0K | $165.0K | |
| Total liabilities | $96.3M | $99.7M | |
| Total mezzanine equity | $0 | $28.5M | |
| Common stock, $0.0001 par value, 4,166,667 and 625,000 shares authorized; 1,370,010 and 328,436 Class A shares issued and outstanding at December 31, 2025 and 2024, respectively | $0 | $0 | |
| Additional paid-in capital | $155.1M | $119.5M | |
| Accumulated deficit | -$156.4M | -$132.6M | |
| Accumulated other comprehensive income | $2.6M | $227.0K | |
| Total stockholders equity (deficit) | $1.3M | -$12.9M | |
| Total liabilities and stockholders equity | $97.5M | $115.3M | |
| Allowance for credit losses | $1.1M | $394.0K | |
| Preferred stock, shares authorized (in shares) | 50.0M shares | 50.0M shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$23.8M | -$28.3M |
| Amortization of debt discount and issuance cost | $2.7M | $2.6M |
| Bad debt expense | $23.0K | $213.0K |
| Paid-in-kind interest on short-term debt | $150.0K | $240.0K |
| Changes in deferred tax assets and liabilities | -$2.4M | -$3.4M |
| Change in allowance for sales returns and volume rebate | -$1.4M | -$181.0K |
| Change in inventory reserve | -$1.2M | $631.0K |
| Change in fair value of common warrants | -$1.4M | $0 |
| Stock compensation expense | $269.0K | $1.4M |
| Depreciation and amortization | $10.3M | $20.5M |
| Loss on disposal of asset | $0 | $156.0K |
| Loss on warrant issuance | $578.0K | $0 |
| Change in right of use assets and lease liabilities | -$344.0K | -$24.0K |
| Accounts receivable trade | $3.4M | $14.0M |
| Inventories | $8.1M | -$145.0K |
| Prepaid expenses and other current assets | $2.2M | -$861.0K |
| Other assets | $70.0K | $111.0K |
| Other short-term liabilities | -$930.0K | $1.8M |
| Other long-term liabilities | $0 | $165.0K |
| Deferred revenues | -$1.2M | -$633.0K |
| Other liabilities | $60.0K | $0 |
| Net cash used in operating activities | -$3.3M | -$439.0K |
| Purchases of furniture and fixtures, net | -$102.0K | -$506.0K |
| Net cash used in investing activities | -$102.0K | -$506.0K |
| Proceeds from issuances of short-term debt | $2.5M | $4.0M |
| Principal payments on long-term debt | -$5.6M | -$5.6M |
| Principal payments on short-term debt | -$2.5M | -$4.2M |
| Payments of fixed dividends to Series B Preferred stockholders | $0 | -$1.3M |
| Proceeds from issuance of common stock and prefunded warrants, net of issuance costs | $6.4M | $0 |
| Proceeds from exercise of warrants | $1.9M | $0 |
| Proceeds from At-the-Market offering program | $658.0K | $0 |
| Net cash provided by (used in) financing activities | $3.4M | -$7.1M |
| Effect of foreign currency exchange rates | $1.4M | -$1.2M |
| Net increase (decrease) in cash and cash equivalents | $1.4M | -$9.2M |
| Cash paid for income taxes | $1.4M | $3.2M |
| Cash paid for interest | $6.5M | $7.2M |
| Addition of operating lease liabilities | $125.0K | $681.0K |
| Related party inventory financing | $3.7M | $0 |
| Reclassification of warrant liabilities | $2.0M | $0 |
Former names
- Logical Choice CorpNov 12, 2014 to Nov 12, 20142
Recent filings
- Oct 13, 20268-K/A AMENDMENT NO. 1 TO FORM 8-K
- Oct 6, 20268-K CURRENT REPORT
- Sep 24, 20264
- Sep 24, 20264
- Sep 22, 2026PRER14A REVISED PRELIMINARY PROXY STATEMENT
- Sep 22, 2026S-1 REGISTRATION STATEMENT
- Sep 21, 2026PRE 14A PRELIMINARY PROXY STATEMENT
- Sep 14, 20268-K
- Sep 3, 2026DRS
- Aug 25, 20268-K CURRENT REPORT
- Aug 24, 20263
- Aug 14, 202610-Q
- Aug 12, 20268-K
- Aug 11, 20268-K CURRENT REPORT
- Aug 4, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBoxlight Corp filings on SEC EDGAR
- 2SEC EDGARBoxlight Corp filings on SEC EDGAR
- 3SEC EDGARBoxlight Corp 10-K for fiscal 2025
- 4SEC EDGARBoxlight Corp 10-K for fiscal 2019
- 5SEC EDGARBoxlight Corp 10-K for fiscal 2020
- 6SEC EDGARBoxlight Corp 10-K for fiscal 2021
- 7SEC EDGARBoxlight Corp 10-K for fiscal 2022
- 8SEC EDGARBoxlight Corp 10-K for fiscal 2023
- 9SEC EDGARBoxlight Corp 10-Q for fiscal 2026
- 10SEC EDGARBoxlight Corp 10-Q for fiscal 2026
- 11SEC EDGARBoxlight Corp 10-K for fiscal 2019