BOXL Nasdaq Services-Educational Services Financials FY2016βFY2025
Boxlight Corp had $109M of revenue in fiscal 2025, down 19.6% on the year before. Over five years, revenue changed +14.8% a year on average.
Last close Β· Oct 23, 2026
$2.69
2.9%Hi! I read Boxlight Corpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β19.6%
No. Sales fell 19.6% last year.
Does it make a profit?
β21.8%
No. It lost money last year.
Does profit turn into cash?
β3.1%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
0.1x
One share costs 0.1 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Boxlight Corp had $109M of revenue in fiscal 2025, down 19.6% on the year before. Over five years, revenue changed +14.8% a year on average. Its operating margin was β15.0%, down 0.7Β pts: of every 100 in sales, about β15 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Boxlight Corp lost $23.8M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$3.4M in fiscal 2025, β3.1% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $0.0M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
2 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 25, 2026 | Henry NanceChief Operating Officer | Sold | 1 | $5.47 | $0.0M | Form 4 |
| Aug 25, 2026 | Shaun MarklewChief Technology Officer | Sold | 1 | $5.47 | $0.0M | Form 4 |
| May 25, 2026 | Henry NanceChief Operating Officer | Sold | 13 | $0.89 | $0.0M | Form 4 |
| May 25, 2026 | Shaun MarklewChief Technology Officer | Sold | 18 | $0.89 | $0.0M | Form 4 |
| Feb 25, 2026 | Henry NanceChief Operating Officer | Sold | 22 | $1.55 | $0.0M | Form 4 |
| Feb 25, 2026 | Shaun MarklewChief Technology Officer | Sold | 18 | $1.55 | $0.0M | Form 4 |
| Feb 24, 2026 | Henry NanceChief Operating Officer | Sold | 16 | $1.65 | $0.0M | Form 4 |
| Feb 24, 2026 | Shaun MarklewChief Technology Officer | Sold | 13 | $1.65 | $0.0M | Form 4 |
| Nov 25, 2025 | Henry NanceChief Operating Officer | Sold | 11 | $5.10 | $0.0M | Form 4 |
| Nov 25, 2025 | Shaun MarklewChief Technology Officer | Sold | 17 | $5.10 | $0.0M | Form 4 |
| Nov 24, 2025 | Henry NanceChief Operating Officer | Sold | 8 | $4.92 | $0.0M | Form 4 |
| Nov 24, 2025 | Shaun MarklewChief Technology Officer | Sold | 13 | $4.92 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Boxlight Corp owes $26.1M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Boxlight Corp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $17.9M | $14.6M | $17.3M | $8.0M | $9.4M |
| Debt incl. finance leases | $61.7M | $45.5M | $41.2M | $74.3M | $35.4M |
| Net debt / EBITDA | 9.5x | 2.5x | β | 62.6x | β |
| Debt / equity | 1.2x | 0.9x | 2.5x | β | 28.2x |
| Interest coverage | β0.8x | 0.3x | β2.4x | β | β |
| Current ratio | 2.0x | 2.3x | 2.1x | 1.0x | 1.6x |
| Quick ratio | 1.0x | 1.1x | 1.2x | 0.5x | 0.7x |
| Total assets | $201M | $195M | $162M | $115M | $97.5M |
| Total liabilities | $120M | $115M | $117M | $99.7M | $96.3M |
| Shareholders' equity | $53.3M | $51.9M | $16.8M | β$12.9M | $1.3M |
| Net debt (β = net cash) | $43.8M | $30.9M | $24.0M | $66.3M | $26.1M |
KIRA Β· Its return on capital was β47.4%: every 100 invested in the business earned about β47 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Boxlight Corp passes 4 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 9 | 2 / 9 | 3 / 9 | 3 / 9 | 5 / 9 | 8 / 9 | 4 / 9 | 3 / 9 | 4 / 9 |
| Accruals ratio | β23.2% | β26.3% | β16.3% | β24.6% | β14.3% | β6.7% | β2.5% | β28.4% | β20.1% | β19.2% |
| Altman Z'' | β2.86 | β3.82 | β5.33 | β10.01 | β0.03 | 1.14 | 1.60 | β0.85 | β4.94 | β4.55 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $20.4M | $25.7M | $37.8M | $33.0M | $54.9M | $185M | $222M | $177M | $136M | $109M |
| Gross profit | $7.4M | $6.4M | $8.7M | $8.9M | $9.9M | $46.5M | $64.9M | $63.3M | $46.9M | $33.6M |
| Research and development | $1.0M | $0.5M | $0.7M | $1.2M | $1.4M | $1.8M | $2.5M | $3.2M | $4.1M | $4.3M |
| Operating income | β$1.3M | β$7.2M | β$7.0M | β$8.1M | β$12.7M | β$2.6M | $3.0M | β$26.3M | β$19.5M | β$16.4M |
| Interest expense | $0.8M | $0.6M | $0.8M | $1.8M | $2.8M | $3.4M | $9.9M | $10.8M | β | β |
| Pretax income | β | β | β | β$9.4M | β$17.0M | β$10.5M | β$3.7M | β$37.3M | β$30.2M | β$24.7M |
| Income tax | β | β | β | β | β$0.8M | $3.3M | $0.0M | $1.9M | β$1.9M | β$0.9M |
| Net income | β$2.1M | β$6.5M | β$7.2M | β$9.4M | β$16.2M | β$13.8M | β$3.7M | β$39.2M | β$28.3M | β$23.8M |
| Net income to common | β | β | β | β$9.4M | β$16.5M | β$14.7M | β$5.0M | β$40.4M | β$29.6M | β$25.1M |
| Diluted EPS | β$0.48 | β$1.20 | β$0.72 | β$0.88 | β$0.39 | β$0.23 | β$0.58 | β$21.38 | β$90.69 | β$39.74 |
| Diluted shares | 0.00B | 0.01B | 0.01B | 0.00B | 0.04B | 0.06B | 0.01B | 0.00B | 0.00B | 0.00B |
| Cash flow | ||||||||||
| Cash from operations | $2.4M | β$1.3M | β$3.8M | β$4.3M | β$4.7M | β$2.3M | $1.2M | $11.6M | β$0.4M | β$3.3M |
| Capital expenditure | β | β | β | β | β | β | β | β | $0.5M | $0.1M |
| Free cash flow | β | β | β | β | β | β | β | β | β$0.9M | β$3.4M |
| Depreciation and amortization | $0.4M | $0.7M | $0.9M | $0.9M | $2.6M | $7.2M | $9.1M | $8.9M | $20.5M | $10.3M |
| Stock-based compensation | $0.5M | $4.3M | $2.0M | $1.1M | $1.6M | $4.1M | $3.3M | $3.1M | $1.4M | $0.3M |
| Acquisitions | β | β | β | β | $45.1M | $33.6M | β | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.5M | $2.0M | $0.9M | $1.2M | $13.5M | $17.9M | $14.6M | $17.3M | $8.0M | $9.4M |
| Total debt | $2.8M | $0.8M | $5.3M | $5.7M | $41.5M | $61.7M | $45.5M | $41.2M | $74.3M | $35.4M |
| Current assets | $8.0M | $10.1M | $10.0M | $9.9M | $61.4M | $109M | $111M | $104M | $78.4M | $69.5M |
| Current liabilities | $12.7M | $11.2M | $12.6M | $17.2M | $40.4M | $54.7M | $48.5M | $49.4M | $77.0M | $42.9M |
| Inventory | $4.2M | $4.6M | $4.2M | $3.3M | $20.9M | $51.6M | $58.2M | $44.1M | $43.3M | $38.1M |
| Property and equipment, net | $0.1M | $0.0M | $0.2M | $0.2M | $0.6M | $1.1M | $1.7M | $2.5M | $2.1M | $1.8M |
| Goodwill | $4.2M | $4.2M | $4.7M | $4.7M | $22.7M | $26.0M | $25.1M | $0.0M | $0.0M | β |
| Intangible assets | $6.8M | $6.1M | $6.4M | $5.6M | $55.2M | $65.5M | $52.6M | $46.0M | $25.9M | $17.1M |
| Total assets | $19.1M | $20.5M | $21.3M | $20.5M | $140M | $201M | $195M | $162M | $115M | $97.5M |
| Total liabilities | $17.0M | $11.4M | $13.3M | $21.1M | $66.6M | $120M | $115M | $117M | $99.7M | $96.3M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | β | β | $0.0M | $0.0M | $0.0M | β |
| Shareholders' equity | $2.1M | $9.1M | $8.0M | β$0.6M | $44.5M | $53.3M | $51.9M | $16.8M | β$12.9M | $1.3M |
| Margins | ||||||||||
| Gross margin | 36.4% | 24.9% | 22.9% | 27.1% | 18.0% | 25.1% | 29.2% | 35.8% | 34.5% | 30.8% |
| Operating margin | β6.3% | β28.1% | β18.5% | β24.4% | β23.2% | β1.4% | 1.4% | β14.9% | β14.3% | β15.0% |
| EBITDA margin | β4.6% | β25.2% | β16.1% | β21.6% | β18.4% | 2.5% | 5.5% | β9.9% | 0.8% | β5.6% |
| Net margin | β10.1% | β25.4% | β19.0% | β28.5% | β29.4% | β7.5% | β1.7% | β22.2% | β20.9% | β21.8% |
| FCF margin | β | β | β | β | β | β | β | β | β0.7% | β3.1% |
| Returns | ||||||||||
| Return on capital | β22.8% | β73.4% | β44.6% | β162.5% | β13.9% | β2.1% | 2.9% | β51.0% | β28.8% | β47.4% |
| Return on capital employed | β20.0% | β78.5% | β80.4% | β247.1% | β12.8% | β1.8% | 2.1% | β23.4% | β50.9% | β29.9% |
| Return on equity | β97.5% | β117.1% | β84.4% | β256.9% | β73.7% | β28.2% | β7.1% | β114.1% | β1,470.0% | β |
| Return on assets | β10.8% | β33.1% | β34.4% | β45.1% | β20.1% | β8.1% | β1.9% | β21.9% | β20.5% | β22.4% |
| Growth | ||||||||||
| Revenue growth | β | 26.4% | 47.0% | β12.7% | 66.2% | 237.4% | 19.8% | β20.3% | β23.1% | β19.6% |
| Share count change | β | 26.9% | 81.9% | β99.9% | 394,273.8% | 39.5% | β85.3% | β78.1% | β82.7% | 93.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | β | β | β | 9.5x | 2.5x | β | 62.6x | β |
| Debt / equity | 1.3x | 0.1x | 0.7x | β | 0.9x | 1.2x | 0.9x | 2.5x | β | 28.2x |
| Interest coverage | β1.6x | β11.4x | β8.3x | β4.5x | β4.5x | β0.8x | 0.3x | β2.4x | β | β |
| Current ratio | 0.6x | 0.9x | 0.8x | 0.6x | 1.5x | 2.0x | 2.3x | 2.1x | 1.0x | 1.6x |
| Quick ratio | 0.3x | 0.5x | 0.5x | 0.4x | 1.0x | 1.0x | 1.1x | 1.2x | 0.5x | 0.7x |
| Capital allocation | ||||||||||
| Capex / revenue | β | β | β | β | β | β | β | β | 0.4% | 0.1% |
| Stock comp / revenue | 2.3% | 16.9% | 5.2% | 3.4% | 3.0% | 2.2% | 1.5% | 1.8% | 1.0% | 0.2% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | 2.0 | 3.0 | 3.0 | 5.0 | 8.0 | 4.0 | 3.0 | 4.0 |
| Altman Z'' | β2.9 | β3.8 | β5.3 | β10.0 | β0.0 | 1.1 | 1.6 | β0.8 | β4.9 | β4.6 |
| Accruals ratio | β23.2% | β26.3% | β16.3% | β24.6% | β14.3% | β6.7% | β2.5% | β28.4% | β20.1% | β19.2% |
Source: SEC EDGAR XBRL filings (CIK 0001624512). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
