# Boxlight Corporation (BOXL) · Edgar & Edgarette company card

> Boxlight (BOXL) saw revenue fall 19.6% in FY2025 to $109 million, operating margin -15.0% against a 7.4% median for educational services, equity 1.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1624512 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/BOXL) · [JSON](https://www.pops4.com/boards/company/BOXL.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $109M |
| Revenue growth, 1 year | -19.6% |
| Revenue growth per year | -12.4% |
| Operating margin | -15.0% (prior year -14.3%) |
| Net margin | -21.8% |
| Operating cash flow | −$3M |
| Capital spending | $102,000 |
| Free cash flow | −$3M |
| Cash | $9M |
| Long-term debt | $34M |
| Total assets | $98M |
| Total equity | $1M |
| Equity ÷ assets | 1.3% |
| Return on equity | -1897.2% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -4.55 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice in the last 12 months; slow and jumpy: growing slower than its size class, with revenue that swings more; operating cash flow was negative; operating loss: a margin of -15.0% in FY2025; revenue is hard to predict: its 80% range is ±26%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $109.2M (FY2025), total debt $34.2M. Experience: revenue down 19.6% on the year, down 12.4% a year over 4 years; operating margin -15.0%, down from -14.3%. Soundness: equity 1.3% of assets, return on equity -1897.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $65.3M and $112.0M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $57.0M to $129.1M. A statistical range, not company guidance. Against peers (23 filers, $50M+ revenue, services-educational services): operating margin -15.0% against a 7.4% median; growth -19.6% against 8.6%.

Range logged 2026-09-24, receipt 594fc272758b192c, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-31 ([filing](https://www.sec.gov/Archives/edgar/data/1624512/000162828026022214/0001628280-26-022214-index.htm))
- Item 3.01 Exchange listing notice or transfer: 3, latest 2026-07-02 ([filing](https://www.sec.gov/Archives/edgar/data/1624512/000162828026046951/0001628280-26-046951-index.htm))
- Item 5.02 Director or officer change: 4, latest 2026-08-04 ([filing](https://www.sec.gov/Archives/edgar/data/1624512/000162828026052735/0001628280-26-052735-index.htm))

## Recent filings

- DEF 14A · filed 2026-10-15 · [filing](https://www.sec.gov/Archives/edgar/data/1624512/000121390026109898/0001213900-26-109898-index.htm)
- 8-K · filed 2026-10-06 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 3.03 Material Modifications to Rights of Security Holders; 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1624512/000121390026107308/0001213900-26-107308-index.htm)
- S-1 · filed 2026-09-22 · [filing](https://www.sec.gov/Archives/edgar/data/1624512/000121390026102276/0001213900-26-102276-index.htm)
- 8-K · filed 2026-09-14 · 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/1624512/000143774926030344/0001437749-26-030344-index.htm)
- 8-K · filed 2026-08-25 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1624512/000121390026093241/0001213900-26-093241-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/1624512/000162828026057056/0001628280-26-057056-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001624512.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1624512

## Cite

POPS4, Edgar & Edgarette: Boxlight Corporation (BOXL) company card, from the company's own SEC filings, accessed 2026-11-07, https://www.pops4.com/boards/company/BOXL. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.