Boxlight Corp (BOXL) Financial Statements (2026 and earlier)

Company Profile

Business Address 2750 PREMIERE PARKWAY,
DULUTH, GA 30097
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 82 - Educational Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,3708,00717,25314,59117,93813,460
Cash and cash equivalent9,3708,00717,25314,59117,93813,460
Receivables15,35818,32529,52331,00929,57320,869
Inventory, net of allowances, customer advances and progress billings38,12643,26544,13158,21151,59120,913
Inventory38,12643,26544,13158,21151,59120,913
Advances on inventory purchases6252,212    
Other undisclosed current assets5,9996,5739,4717,4339,4446,161
Total current assets:69,47878,382100,378111,244108,54661,403
Noncurrent Assets
Operating lease, right-of-use asset7,0098,0558,8464,350  
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization1,7702,1342,4771,7331,073562
Intangible asset, including goodwill, after accumulated amortization17,08025,94445,96477,67191,56977,899
Goodwill    25,09226,03722,742
Intangible asset, excluding goodwill, after accumulated amortization17,08025,94445,96452,57965,53255,157
Deferred income tax assets1,472     
Other noncurrent assets73479090639724891
Other undisclosed noncurrent assets      (2)
Total noncurrent assets:28,06536,92358,19384,15192,89078,550
TOTAL ASSETS:97,543115,305158,571195,395201,436139,953
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:26,48524,17632,89936,56633,63814,156
Accounts payable 22420,70327,44830,71925,714 
Accrued liabilities5,4543,1645,1065,3066,44089
Other undisclosed accounts payable and accrued liabilities20,8073093455411,48414,067
Deferred revenue9,2739,0158,6988,3087,5755,671
Debt2,54837,1482,0741,6909,804 
Derivative instruments and hedges, liabilities  12054723,064363
Other liabilities3,5984,6821,5663866671,209
Due to related parties✕✕✕✕  1,967
Other undisclosed current liabilities9482,0187901,053 17,026
Total current liabilities:42,85277,04046,23248,47554,74840,392
Noncurrent Liabilities
Long-term debt and lease obligation32,877 39,13443,778  
Long-term debt, excluding current maturities32,877 39,13443,778  
Liabilities, other than long-term debt20,55922,65227,94522,74022,40110,482
Deferred revenue14,84915,15816,34715,60313,95210,482
Deferred income tax liabilities  9014,3164,6808,449 
Other liabilities60165    
Operating lease, liability5,6506,4287,2822,457  
Other undisclosed noncurrent liabilities     42,47715,735
Total noncurrent liabilities:53,43622,65267,07966,51864,87826,217
Total liabilities:96,28899,692113,311114,993119,62666,609
Temporary equity, including noncontrolling interest  28,50928,50928,50928,50928,876
Equity
Equity, attributable to parent1,255(12,896)16,75151,89353,30144,467
Common stock   1765
Additional paid in capital155,123119,487119,724117,843110,86786,768
Accumulated other comprehensive income (loss)2,5522271,301(914)3,7285,192
Accumulated deficit(156,420)(132,610)(104,275)(65,043)(61,300)(47,498)
Other undisclosed equity      1
Total equity:1,255(12,896)16,75151,89353,30144,468
TOTAL LIABILITIES AND EQUITY:97,543115,305158,571195,395201,436139,953

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues109,246135,893176,721221,781185,17754,891
Cost of revenue
(Cost of Product and Service Sold)		(75,617)(88,952)(113,419)(156,913)(138,652)(45,023)
Gross profit:33,62946,94163,30264,86846,5259,868
Operating expenses(50,003)(66,411)(89,602)(61,819)(49,096)(22,576)
Operating income (loss):(16,374)(19,470)(26,300)3,049(2,571)(12,708)
Nonoperating expense(8,356)(10,774)(10,990)(6,743)(7,921)(4,265)
Interest and debt expense   (10,840)(9,923)(3,382)(1,363)
Loss from continuing operations before equity method investments, income taxes:(24,730)(30,244)(48,130)(13,617)(13,874)(18,336)
Other undisclosed income from continuing operations before income taxes   10,8409,9233,3821,363
Loss from continuing operations before income taxes:(24,730)(30,244)(37,290)(3,694)(10,492)(16,973)
Income tax expense (benefit)9201,909(1,866)(49)(3,310)832
Loss from continuing operations:(23,810)(28,335)(39,156)(3,743)(13,802)(16,141)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(13,802)(16,141)
Other undisclosed net loss      (11)
Net loss attributable to parent:(23,810)(28,335)(39,156)(3,743)(13,802)(16,152)
Preferred stock dividends and other adjustments     (1,269)(338)
Other undisclosed net income (loss) available to common stockholders, basic(1,269)(1,269)(1,269)(1,269)367 
Net loss available to common stockholders, diluted:(25,079)(29,604)(40,425)(5,012)(14,704)(16,490)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(23,810)(28,335)(39,156)(3,743)(13,802)(16,152)
Comprehensive loss:(23,810)(28,335)(39,156)(3,743)(13,802)(16,152)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,325(1,074)2,215(4,642)(1,464)5,230
Comprehensive loss, net of tax, attributable to parent:(21,485)(29,409)(36,941)(8,385)(15,266)(10,922)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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