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Boxlight Corp (BOXL) Fundamental Analysis & AI Grade 2026

BOXL Nasdaq Services-Educational Services NV CIK: 0001624512
Updated This Month • Analysis: May 16, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
89% Confidence
STRONG AGREEMENT
D
88% Conf
D
90% Conf

📊 BOXL Key Takeaways

Revenue: $22.4M
Net Margin: -29.1%
Free Cash Flow: $-5.1M
Current Ratio: 1.63x
Debt/Equity: N/A
EPS: $-2.25
AI Grade: D with 88% confidence
Boxlight Corp (BOXL) receives a D fundamental grade with 89% confidence from our AI analysis based on SEC 10-K filings. With revenue of $22.4M, net profit margin of -29.1%, Boxlight Corp demonstrates mixed fundamentals in the Services sector. Below is our complete BOXL stock analysis for 2026.

Is Boxlight Corp (BOXL) a Good Investment?

Claude

Boxlight faces critical financial distress with negative stockholders equity of -$2.0M, persistent operating losses, and negative free cash flow of -$5.1M, raising fundamental solvency concerns. The company cannot sustain itself from operational cash generation while carrying $34.1M in debt against a declining $22.4M revenue base, creating an unsustainable capital structure.

ChatGPT

Boxlight's fundamentals are weak: revenue is contracting sharply, margins remain deeply negative, and the balance sheet is strained by negative equity, meaningful debt, and thin liquidity. While free cash flow burn is relatively modest versus revenue and net loss improved slightly year over year, the overall quality of the business remains poor because losses persist alongside declining sales and weak interest coverage.

Boxlight Corp Key Strengths (BOXL)

Claude
  • + Gross margin of 30.9% indicates core business has some product-market fit potential
  • + Current ratio of 1.63x provides near-term liquidity buffer for operational obligations
  • + Net loss improved 56.2% YoY suggesting management has begun operational cost controls
ChatGPT
  • + Gross margin of 33.1% shows the company still retains some underlying product profitability before operating costs
  • + Cash burn is limited relative to revenue, with free cash flow at -2.4% of sales
  • + Net loss and diluted EPS improved year over year despite a difficult operating backdrop

BOXL Stock Risks: Boxlight Corp Investment Risks

Claude
  • ! Negative stockholders equity of -$2.0M represents technical insolvency and eliminates equity cushion
  • ! Negative operating cash flow of -$5.0M and free cash flow of -$5.1M show company burns cash and cannot sustain operations
  • ! Revenue declined 19.6% YoY with operating margin of -21.9%, indicating business contraction without offsetting cost reduction
  • ! Interest coverage ratio of -1.9x means company cannot service debt from operating income; entirely dependent on cash reserves
  • ! Long-term debt of $34.1M represents 37.6% of total assets, unsustainable given negative cash flow generation
  • ! Quick ratio of 0.72x indicates limited liquid assets relative to current obligations; cash position vulnerable to operational drain
ChatGPT
  • ! Revenue declined 23.1% year over year, indicating significant demand weakness or market share pressure
  • ! Negative operating margin, negative net margin, and negative interest coverage point to an unsustainable earnings profile
  • ! Negative stockholders equity, a 1.02x current ratio, and 0.64x quick ratio signal elevated balance sheet and liquidity risk

Key Metrics to Watch

Claude
  • * Operating cash flow trend - critical determinant of bankruptcy risk and refinancing viability
  • * Revenue stabilization or further decline - indicates whether business contraction continues
  • * Debt covenant compliance status and refinancing options - refinancing failure would trigger potential default
  • * Quarterly cash burn rate and months of runway remaining at current burn rate
  • * Gross margin maintenance amid revenue decline - indicates pricing power and cost structure
ChatGPT
  • * Revenue trend and operating margin improvement
  • * Liquidity position including cash balance, current ratio, and debt servicing capacity

Boxlight Corp (BOXL) Financial Metrics & Key Ratios

Revenue
$22.4M
Net Income
$-6.5M
EPS (Diluted)
$-2.25
Free Cash Flow
$-5.1M
Total Assets
$90.7M
Cash Position
$6.9M

💡 AI Analyst Insight

Boxlight Corp presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

BOXL Profit Margin, ROE & Profitability Analysis

Gross Margin 30.9%
Operating Margin -21.9%
Net Margin -29.1%
ROE N/A
ROA -7.2%
FCF Margin -22.7%

BOXL vs Services Sector: How Boxlight Corp Compares

How Boxlight Corp compares to Services sector averages

Net Margin
BOXL -29.1%
vs
Sector Avg 10.0%
BOXL Sector
ROE
BOXL 0.0%
vs
Sector Avg 16.0%
BOXL Sector
Current Ratio
BOXL 1.6x
vs
Sector Avg 1.5x
BOXL Sector
Debt/Equity
BOXL 0.0x
vs
Sector Avg 0.7x
BOXL Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Boxlight Corp Stock Overvalued? BOXL Valuation Analysis 2026

Based on fundamental analysis, Boxlight Corp has mixed fundamental signals relative to the Services sector in 2026.

Return on Equity
N/A
Sector avg: 16%
Net Profit Margin
-29.1%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Boxlight Corp Balance Sheet: BOXL Debt, Cash & Liquidity

Current Ratio
1.63x
Quick Ratio
0.72x
Debt/Equity
N/A
Debt/Assets
102.2%
Interest Coverage
-1.88x
Long-term Debt
$34.1M

BOXL Revenue & Earnings Growth: 5-Year Financial Trend

BOXL 5-year financial data: Year 2021: Revenue $185.2M, Net Income -$16.2M, EPS $-0.39. Year 2022: Revenue $221.8M, Net Income -$13.8M, EPS $-0.23. Year 2023: Revenue $221.8M, Net Income -$3.7M, EPS $-0.58. Year 2024: Revenue $176.7M, Net Income -$39.2M, EPS $-21.38. Year 2025: Revenue $135.9M, Net Income -$28.3M, EPS $-90.69.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Boxlight Corp's revenue has declined by 27% over the 5-year period, indicating business contraction. The most recent EPS of $-90.69 indicates the company is currently unprofitable.

BOXL Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-22.7%
Free cash flow / Revenue

BOXL Quarterly Earnings & Performance

Quarterly financial performance data for Boxlight Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $22.4M -$3.2M $-2.25
Q3 2025 $29.3M -$3.1M $-1.72
Q2 2025 $30.9M -$1.5M $-0.92
Q3 2024 $36.3M -$3.1M $-0.34
Q2 2024 $38.5M -$811.0K $-0.12
Q1 2024 $37.1M -$2.9M $-0.35
Q3 2023 $49.7M -$1.7M $0.28
Q2 2023 $47.1M $26.0K $-0.04

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Boxlight Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$5.0M
Cash generated from operations
Capital Expenditures
$42.0K
Investment in assets
Dividends
None
No dividend program

BOXL SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Boxlight Corp (CIK: 0001624512)

📋 Recent SEC Filings

Date Form Document Action
Jun 5, 2026 8-K boxl-20260602.htm View →
May 15, 2026 10-Q boxl-20260331.htm View →
May 15, 2026 8-K boxl-20260515.htm View →
May 5, 2026 DEF 14A ea0287421-03.htm View →
Apr 23, 2026 8-K boxl-20260420.htm View →

Frequently Asked Questions about BOXL

What is the AI rating for BOXL?

Boxlight Corp (BOXL) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 89% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are BOXL's key strengths?

Claude: Gross margin of 30.9% indicates core business has some product-market fit potential. Current ratio of 1.63x provides near-term liquidity buffer for operational obligations. ChatGPT: Gross margin of 33.1% shows the company still retains some underlying product profitability before operating costs. Cash burn is limited relative to revenue, with free cash flow at -2.4% of sales.

What are the risks of investing in BOXL?

Claude: Negative stockholders equity of -$2.0M represents technical insolvency and eliminates equity cushion. Negative operating cash flow of -$5.0M and free cash flow of -$5.1M show company burns cash and cannot sustain operations. ChatGPT: Revenue declined 23.1% year over year, indicating significant demand weakness or market share pressure. Negative operating margin, negative net margin, and negative interest coverage point to an unsustainable earnings profile.

What is BOXL's revenue and growth?

Boxlight Corp reported revenue of $22.4M.

Does BOXL pay dividends?

Boxlight Corp does not currently pay dividends.

Where can I find BOXL SEC filings?

Official SEC filings for Boxlight Corp (CIK: 0001624512) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is BOXL's EPS?

Boxlight Corp has a diluted EPS of $-2.25.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is BOXL's fundamental grade?

Based on our AI fundamental analysis in June 2026, Boxlight Corp has a D grade with 89% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is BOXL stock overvalued or undervalued?

Valuation metrics for BOXL: ROE of N/A (sector avg: 16%), net margin of -29.1% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is BOXL's AI grade for 2026?

Our dual AI analysis gives Boxlight Corp a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is BOXL's free cash flow?

Boxlight Corp's operating cash flow is $-5.0M, with capital expenditures of $42.0K. FCF margin is -22.7%.

How does BOXL compare to other Services stocks?

Vs Services sector averages: Net margin -29.1% (avg: 10%), ROE N/A (avg: 16%), current ratio 1.63 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 16, 2026 | Data as of: 2026-03-31 | Powered by Claude AI