Boxlight Corporation (BOXL) Income Statement
BOXL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBOXL revenue and net income
Where BOXL's revenue goes
2025Each bar shows an amount and its share of revenue. BOXL kept −21.8% of revenue as net income.
BOXL profit margins
BOXL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −19.6% | −21.0% | +14.8% | +41.6% |
| Gross profit | −28.4% | −19.7% | +27.8% | +40.8% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BOXL quarterly EPS vs estimates
Boxlight beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 13, 2026.
BOXL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $109.2M | $135.9M | $176.7M | $221.8M | $185.2M | $54.9M | $33.0M | $37.8M | $25.7M | $20.4M |
| Cost of revenue | $75.6M | $89.0M | $113.4M | $156.9M | $138.7M | $45.0M | $24.1M | $29.2M | $19.3M | $13.0M |
| Gross profit | $33.6M | $46.9M | $63.3M | $64.9M | $46.5M | $9.9M | $8.9M | $8.7M | $6.4M | $7.4M |
| Research & development | $4.3M | $4.1M | $3.2M | $2.5M | $1.8M | $1.4M | $1.2M | $671,653 | $465,940 | $1.0M |
| Sales, general & admin | $35.5M | $62.3M | $70.1M | $59.3M | $47.3M | $21.2M | $15.8M | $15.0M | $13.1M | $7.7M |
| Total operating expenses | $50.0M | $66.4M | $89.6M | $61.8M | $49.1M | $22.6M | $17.0M | $15.6M | $13.6M | $8.7M |
| Operating income | −$16.4M | −$19.5M | −$26.3M | $3.0M | −$2.6M | −$12.7M | −$8.1M | −$7.0M | −$7.2M | −$1.3M |
| Interest income | — | — | — | — | — | — | $1.5M | $414,810 | $225,850 | $818,230 |
| Interest expense | $10.0M | $10.3M | $10.8M | $9.9M | $3.4M | $2.8M | $1.8M | $841,788 | $635,445 | $0 |
| Income before taxes | −$24.7M | −$30.2M | −$37.3M | −$3.7M | −$10.5M | −$17.0M | −$9.4M | −$7.2M | −$6.5M | −$2.1M |
| Income taxes | −$920,000 | −$1.9M | $1.9M | $49,000 | $3.3M | −$821,000 | $2.0M | $660,468 | $775,729 | $0 |
| Net income | −$23.8M | −$28.3M | −$39.2M | −$3.7M | −$13.8M | −$16.2M | −$9.4M | −$7.2M | −$6.5M | −$2.1M |
| EBITDA | −$4.4M | $537,000 | −$17.6M | $15.4M | $65,000 | −$11.6M | −$6.7M | −$5.5M | −$5.2M | −$932,868 |
| EPS (diluted) | −$104.29 | −$213.29 | −$147.18 | $45.40 | −$260.06 | −$489.68 | −$202.35 | −$989.22 | −$0.68 | −$0.22 |
| Gross margin | 30.8% | 34.5% | 35.8% | 29.2% | 25.1% | 18.0% | 27.1% | 22.9% | 24.9% | 36.4% |
| Operating margin | −15.0% | −14.3% | −14.9% | 1.4% | −1.4% | −23.2% | −24.4% | −18.5% | −28.1% | −6.3% |
| Net margin | −21.8% | −20.9% | −22.2% | −1.7% | −7.5% | −29.4% | −28.5% | −19.0% | −25.4% | −10.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.9M | $22.4M | $26.6M | $29.3M | $30.9M | $22.4M | $24.0M | $36.3M | $38.5M | $37.1M | $38.8M | $49.7M |
| Cost of revenue | $13.0M | $15.5M | $20.4M | $20.8M | $20.1M | $14.4M | $16.6M | $24.0M | $24.0M | $26.3M | $26.5M | $31.7M |
| Gross profit | $12.9M | $6.9M | $6.3M | $8.5M | $10.8M | $8.0M | $7.3M | $12.3M | $14.5M | $10.7M | $12.3M | $18.0M |
| Research & development | $942,000 | $936,000 | $1.1M | $1.1M | $1.1M | $912,000 | $948,000 | $1.0M | $985,000 | $1.2M | $1.1M | $979,000 |
| Sales, general & admin | $8.4M | $8.4M | $8.2M | $8.7M | $13.6M | $10.0M | $22.6M | $12.1M | $12.3M | $15.2M | $17.9M | $15.4M |
| Total operating expenses | $11.9M | $11.8M | $32.2M | $12.5M | $14.7M | $11.0M | $23.6M | $13.1M | $13.3M | $14.4M | $28.9M | $29.6M |
| Operating income | $1.0M | −$4.9M | −$5.6M | −$3.9M | −$3.9M | −$2.9M | −$16.2M | −$859,000 | $1.2M | −$3.6M | −$16.6M | −$11.6M |
| Interest expense | $1.1M | $1.3M | $2.2M | $2.8M | $2.6M | $2.5M | $2.5M | $2.5M | $2.6M | $2.6M | $2.6M | $3.0M |
| Income before taxes | $246,000 | −$6.9M | −$10.4M | −$6.4M | −$4.4M | −$3.4M | −$19.4M | −$3.1M | −$1.6M | −$6.2M | −$19.2M | −$14.7M |
| Income taxes | −$263,000 | −$385,000 | — | −$261,000 | $274,000 | −$150,000 | −$2.7M | −$12,000 | −$91,000 | $870,000 | −$1.5M | $3.1M |
| Net income | $509,000 | −$6.5M | −$9.7M | −$6.2M | −$4.7M | −$3.2M | −$16.7M | −$3.1M | −$1.5M | −$7.1M | −$17.7M | −$17.8M |
| EBITDA | $3.9M | −$3.1M | −$5.6M | −$1.1M | $717,000 | $1.6M | −$2.5M | $1.6M | $3.0M | −$1.5M | −$14.6M | −$9.4M |
| EPS (diluted) | $0.34 | −$13.00 | — | −$1.88 | −$48.93 | −$74.50 | −$13.40 | −$58.19 | −$26.19 | −$115.51 | −$1.89 | −$84.49 |
| Gross margin | 49.8% | 30.9% | 23.5% | 29.1% | 35.0% | 35.9% | 30.6% | 33.8% | 37.7% | 29.0% | 31.7% | 36.3% |
| Operating margin | 4.0% | −21.9% | −21.1% | −13.4% | −12.7% | −13.0% | −67.6% | −2.4% | 3.2% | −9.7% | −42.8% | −23.4% |
| Net margin | 2.0% | −29.1% | −36.3% | −21.1% | −15.3% | −14.5% | −69.6% | −8.4% | −3.8% | −19.1% | −45.5% | −35.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BOXL's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BOXL financial results
In fiscal year 2025 (ended December 31, 2025), Boxlight reported revenue of $109.2 million, down 19.6% from the year before. It had a net loss of $23.8 million, a net profit margin of −21.8%. Diluted earnings per share came to −$104.29. Over five years revenue grew at an average rate of 14.8% a year.
See the BOXL stock overview for the latest quote and news, or the BOXL chart for price history and technical indicators.
BOXL income statement FAQ
What is Boxlight's annual revenue?
Boxlight reported total revenue of $109.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 19.6% from $135.9 million the previous year.
Is Boxlight profitable?
No. Boxlight reported a net loss of $23.8 million in fiscal 2025, a net profit margin of −21.8%; its operating margin was −15.0%.
What is Boxlight's gross margin?
Boxlight's gross margin was 30.8% in fiscal 2025: for every $100 of revenue, Boxlight kept $31 after the direct cost of its products and services.
How much does Boxlight spend on research and development?
Boxlight spent $4.3 million on research and development in fiscal 2025, 3.9% of revenue.
How fast is Boxlight growing?
Revenue grew 14.8% a year on average over the last five fiscal years, from $54.9 million to $109.2 million.
What are Boxlight's earnings per share?
Boxlight earned $-104.29 per diluted share in fiscal 2025, compared with $-213.29 a year earlier.
When will Boxlight report its next earnings?
Boxlight is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does Boxlight's fiscal year end?
Boxlight's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 15, 2026.