Boxlight Corporation (BOXL) Balance Sheet
BOXL balance sheet, 2025
December 31, 2025 · U.S. dollars$97.5M assets = $96.3M liabilities + $1.3M equity
Both columns are drawn to the same scale: what BOXL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BOXL financial health
Descriptive bands, not a rating. Fiscal 2025.
BOXL balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $19.1M2016 | $97.5M2025 | +19.8%/yr | |
| Total liabilities | $17.0M2016 | $96.3M2025 | +21.2%/yr | |
| Shareholders’ equity | $2.1M2016 | $1.3M2025 | −5.6%/yr | |
| Cash & short-term investments | $456,5002016 | $9.4M2025 | +39.9%/yr | |
| Total debt | $7.8M2016 | $41.5M2025 | +20.5%/yr | |
| Net cash (debt) | −$7.3M2016 | −$32.2M2025 | −$24.8M | |
| Working capital | −$4.7M2016 | $26.6M2025 | +$31.3M | |
| Current ratio | 0.632016 | 1.622025 | +0.99 | |
| Debt / equity | 3.682016 | 33.102025 | +29.42 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BOXL assets
BOXL liabilities and equity
BOXL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BOXL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $9.4M | $8.0M | $17.3M | $14.6M | $17.9M | $13.5M | $1.2M | $901,459 | $2.0M | $456,500 |
| Cash & equivalents | $9.4M | $8.0M | $17.3M | $14.6M | $17.9M | $13.5M | $1.2M | $901,459 | $2.0M | $456,502 |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | — |
| Receivables | $15.4M | $18.3M | $29.5M | $31.0M | $29.6M | $21.0M | $3.7M | $3.6M | $3.1M | $2.9M |
| Inventory | $38.1M | $43.3M | $44.1M | $58.2M | $51.6M | $20.9M | $3.3M | $4.2M | $4.6M | $4.2M |
| Other current assets | $6.6M | $8.8M | $9.5M | $7.4M | $9.4M | $6.1M | $1.8M | $1.2M | $388,006 | $443,467 |
| Total current assets | $69.5M | $78.4M | $100.4M | $111.2M | $108.5M | $61.4M | $9.9M | $10.0M | $10.1M | $8.0M |
| Property, plant & equipment (net) | $8.8M | $10.2M | $11.3M | $6.1M | $1.1M | $562,000 | $207,397 | $226,409 | $29,752 | $0 |
| Goodwill & intangible assets | $17.1M | $25.9M | $46.0M | $77.7M | $91.6M | $77.9M | $10.3M | $11.1M | $10.3M | $11.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.2M | $790,000 | $906,000 | $397,000 | $248,000 | $90,000 | $56,193 | $298 | $292 | $93,302 |
| Total assets | $97.5M | $115.3M | $158.6M | $195.4M | $201.4M | $140.0M | $20.5M | $21.3M | $20.5M | $19.1M |
| Liabilities | ||||||||||
| Accounts payable | $20.8M | $20.7M | $27.4M | $30.7M | $25.7M | $12.7M | $9.8M | $7.3M | $7.4M | $8.1M |
| Short-term debt | $3.0M | $39.2M | $2.9M | $2.7M | $9.8M | $16.8M | $4.9M | $2.7M | $856,449 | $3.7M |
| Deferred revenue | $9.3M | $9.0M | $8.7M | $8.3M | $7.6M | $5.7M | $2.0M | $938,050 | $1.1M | — |
| Total current liabilities | $42.9M | $77.0M | $46.2M | $48.5M | $54.7M | $40.4M | $17.2M | $12.6M | $11.2M | $12.7M |
| Long-term debt | $32.9M | $0 | $39.1M | $43.8M | $42.1M | $2,000 | $1.3M | $328,000 | $0 | $4.1M |
| Lease obligations | $7.4M | $8.4M | $9.1M | $4.4M | $0 | — | — | — | — | — |
| Other long-term liabilities | $20.6M | $51.2M | $56.5M | $51.2M | $51.2M | $55.1M | $2.6M | $408,297 | $175,294 | $272,118 |
| Total liabilities | $96.3M | $128.2M | $113.3M | $143.5M | $148.1M | $95.5M | $21.1M | $13.3M | $9.5M | $17.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | $1,000 | $1,000 | $6,000 | $6,000 | $1,170 | $1,018 | $956 | $461 |
| Retained earnings (deficit) | −$156.4M | −$132.6M | −$104.3M | −$65.0M | −$61.3M | −$47.5M | −$31.3M | −$19.2M | −$12.0M | −$5.5M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | — |
| Accumulated other comprehensive income | $2.6M | $227,000 | $1.3M | −$914,000 | $3.7M | $5.2M | −$38,024 | −$106,419 | −$47,848 | −$7,141 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | — |
| Total shareholders' equity | $1.3M | −$12.9M | $45.3M | $51.9M | $53.3M | $44.5M | −$647,653 | $8.0M | $9.1M | $2.1M |
| Key figures | ||||||||||
| Total debt | $41.5M | $45.6M | $49.3M | $49.0M | $51.9M | $24.6M | $6.2M | $3.0M | $856,449 | $7.8M |
| Net cash (debt) | −$32.2M | −$37.6M | −$32.0M | −$34.4M | −$34.0M | −$11.2M | −$5.0M | −$2.1M | $1.2M | −$7.3M |
| Working capital | $26.6M | $1.3M | $54.1M | $62.8M | $53.8M | $21.0M | −$7.3M | −$2.6M | −$1.1M | −$4.7M |
| Tangible book value | −$15.8M | −$38.8M | −$704,000 | −$25.8M | −$38.3M | −$33.4M | −$10.9M | −$3.1M | −$1.3M | −$8.9M |
| Book value per share | — | — | — | — | — | — | −$0.48 | — | — | — |
| Shares outstanding | — | — | — | — | — | — | 1.3M | — | — | — |
| Current ratio | 1.62 | 1.02 | 2.17 | 2.29 | 1.98 | 1.52 | 0.58 | 0.79 | 0.90 | 0.63 |
| Quick ratio | 0.58 | 0.34 | 1.01 | 0.94 | 0.87 | 0.85 | 0.28 | 0.36 | 0.45 | 0.27 |
| Debt / equity | 33.10 | — | 1.09 | 0.94 | 0.97 | 0.55 | — | 0.38 | 0.09 | 3.68 |
| Equity / assets | 1.3% | −11.2% | 28.5% | 26.6% | 26.5% | 31.8% | −3.2% | 37.5% | 44.2% | 11.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $4.3M | $6.9M | $9.4M | $11.8M | $7.6M | $8.1M | $8.0M | $10.5M | $7.5M | $11.8M | $17.3M | $18.4M |
| Cash & equivalents | $4.3M | $6.9M | $9.4M | $11.8M | $7.6M | $8.1M | $8.0M | $10.5M | $7.5M | $11.8M | $17.3M | $18.4M |
| Receivables | $15.6M | $13.8M | $15.4M | $19.7M | $21.4M | $17.4M | $18.3M | $25.4M | $29.1M | $26.5M | $32.7M | $40.4M |
| Inventory | $33.0M | $36.6M | $38.1M | $26.1M | $28.2M | $38.4M | $43.3M | $42.3M | $37.8M | $39.2M | $44.1M | $43.2M |
| Other current assets | $9.8M | $8.2M | $6.6M | $12.4M | $9.0M | $10.1M | $8.8M | $9.2M | $10.6M | $9.0M | $9.5M | $9.0M |
| Total current assets | $62.7M | $65.5M | $69.5M | $69.9M | $66.2M | $74.0M | $78.4M | $87.4M | $85.1M | $86.5M | $103.6M | $111.1M |
| Property, plant & equipment (net) | $7.9M | $8.3M | $8.8M | $9.3M | $9.9M | $10.0M | $10.2M | $10.9M | $10.8M | $11.2M | $11.3M | $9.9M |
| Goodwill & intangible assets | $12.1M | $14.5M | $17.1M | $19.6M | $22.3M | $24.0M | $25.9M | $41.7M | $42.0M | $43.8M | $46.0M | $58.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.7M | $2.3M | $2.2M | $754,000 | $749,000 | $754,000 | $790,000 | $1.4M | $856,000 | $880,000 | $906,000 | $851,000 |
| Total assets | $84.3M | $90.7M | $97.5M | $99.6M | $99.2M | $108.7M | $115.3M | $141.4M | $138.8M | $142.4M | $161.8M | $180.4M |
| Liabilities | ||||||||||||
| Accounts payable | $16.9M | $18.2M | $20.8M | $10.5M | $7.2M | $14.1M | $20.7M | $19.7M | $16.5M | $18.9M | $27.4M | $30.1M |
| Short-term debt | $35.6M | $2.9M | — | $38.5M | $40.9M | $41.6M | $39.2M | $4.0M | $5.2M | $3.0M | $2.9M | $2.6M |
| Deferred revenue | $8.8M | $9.0M | — | $9.3M | $9.5M | $9.1M | $9.0M | $9.5M | $9.0M | $8.9M | $8.7M | $8.2M |
| Total current liabilities | $66.7M | $40.2M | $42.9M | $68.4M | $66.7M | $72.3M | $77.0M | $41.5M | $38.5M | $39.9M | $49.4M | $49.6M |
| Long-term debt | $0 | $32.9M | $32.9M | $0 | $0 | $0 | $0 | $37.1M | $37.1M | $37.4M | $39.1M | $43.4M |
| Lease obligations | $6.6M | $7.0M | $7.4M | $7.8M | $8.4M | $8.3M | $8.4M | $9.4M | $8.9M | $9.0M | $9.1M | $8.7M |
| Other long-term liabilities | $19.1M | $19.6M | $20.6M | $22.1M | $53.1M | $52.2M | $51.2M | $56.2M | $55.7M | $56.0M | $56.5M | $56.7M |
| Total liabilities | $85.8M | $92.7M | $96.3M | $90.5M | $119.8M | $124.5M | $128.2M | $134.9M | $131.3M | $133.3M | $145.0M | $149.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | — | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$162.4M | −$162.9M | −$156.4M | −$146.8M | −$140.6M | −$135.9M | −$132.6M | −$115.9M | −$112.8M | −$111.4M | −$104.3M | −$86.6M |
| Accumulated other comprehensive income | $2.3M | $2.4M | — | $1.1M | $949,000 | $797,000 | $227,000 | $2.7M | $443,000 | $490,000 | $1.3M | −$1.5M |
| Total shareholders' equity | −$1.4M | −$2.0M | $1.3M | $9.0M | −$20.6M | −$15.8M | −$12.9M | $6.5M | $7.5M | $9.1M | $16.8M | $30.6M |
| Key figures | ||||||||||||
| Total debt | $40.8M | $41.1M | $32.9M | $44.5M | $47.4M | $47.9M | $45.6M | $48.2M | $49.1M | $47.4M | $49.3M | $53.1M |
| Net cash (debt) | −$36.5M | −$34.2M | −$23.5M | −$32.7M | −$39.8M | −$39.8M | −$37.6M | −$37.7M | −$41.6M | −$35.6M | −$32.0M | −$34.6M |
| Working capital | −$4.0M | $25.3M | $26.6M | $1.5M | −$541,000 | $1.6M | $1.3M | $45.8M | $46.7M | $46.6M | $54.1M | $61.4M |
| Tangible book value | −$13.5M | −$16.5M | −$15.8M | −$10.5M | −$43.0M | −$39.8M | −$38.8M | −$35.2M | −$34.5M | −$34.7M | −$29.2M | −$27.9M |
| Book value per share | −$2.51 | −$0.66 | $5.50 | — | −$7.78 | −$7.08 | — | — | — | — | — | — |
| Shares outstanding | 567K | 3.0M | 228K | — | 2.6M | 2.2M | — | — | — | — | — | — |
| Current ratio | 0.94 | 1.63 | 1.62 | 1.02 | 0.99 | 1.02 | 1.02 | 2.10 | 2.21 | 2.17 | 2.10 | 2.24 |
| Quick ratio | 0.30 | 0.51 | 0.58 | 0.46 | 0.44 | 0.35 | 0.34 | 0.86 | 0.95 | 0.96 | 1.01 | 1.19 |
| Debt / equity | — | — | 26.20 | 4.92 | — | — | — | 7.36 | 6.56 | 5.22 | 2.94 | 1.73 |
| Equity / assets | −1.7% | −2.2% | 1.3% | 9.1% | −20.8% | −14.5% | −11.2% | 4.6% | 5.4% | 6.4% | 10.4% | 17.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 15, 2026); data from EODHD.
BOXL financial position
At the end of fiscal 2025 (December 31, 2025), Boxlight had total assets of $97.5 million (down 15.4% from a year earlier), total liabilities of $96.3 million and shareholders' equity of $1.3 million. It held $9.4 million in cash and short-term investments against $41.5 million of debt, net debt of $32.2 million. Its current ratio was 1.62. In the latest quarter (ended June 30, 2026) total assets were $84.3 million and equity -$1.4 million.
Related: BOXL income statement, BOXL cash flow statement, BOXL key metrics. See the BOXL stock overview for the latest quote and news.
BOXL balance sheet FAQ
What are Boxlight's total assets?
Boxlight reported total assets of $97.5 million at the end of fiscal 2025 (December 31, 2025), compared with $115.3 million a year earlier.
How much debt does Boxlight have?
Boxlight had $41.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 33.10.
How much cash does Boxlight have?
Boxlight held $9.4 million in cash and short-term investments at the end of fiscal 2025; with $41.5 million of debt that is net debt of $32.2 million.
What is Boxlight's book value?
Boxlight's shareholders' equity (book value) was $1.3 million at the end of fiscal 2025.
What is Boxlight's current ratio?
Boxlight had current assets of $69.5 million and current liabilities of $42.9 million, a current ratio of 1.62 (it can cover its short-term obligations).
How much goodwill does Boxlight have?
Boxlight carried $17.1 million of goodwill and intangible assets, 17.5% of total assets, at the end of fiscal 2025.