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Boxlight (BOXL) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Boxlight (BOXL) Q2 2026 earnings results →

Q2 2026 Revenue down 16% year over year to $25.9M · 2¢ of every $1 of revenue kept as net profit · operating margin 4.0%

Boxlight made $25.9M in Q2 2026 (-16% Y/Y): Product revenue $23.4M, Service revenue $2.5M. Operating margin 4.0%, net earnings $509K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$25.9M
Year over year-16%
Operating margin4.0%
Net earnings$509K
Operating cash flow−$2.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $25.9M in Q2 2026, down 16% year over year and up 15% from the previous quarter. Product revenue was the largest line at 90% of revenue. Product revenue lost $4.9M year over year (down 17%), 100% of the total change.

Gross margin was 49.8%, up 14.9 points from Q2 2025. Operating profit was $1.0M, a 4.0% margin (up 16.7 points year over year). Operating expenses fell 19% while revenue fell 16%. Net earnings were $509K. The tax line was a benefit of $263K on pre-tax earnings of $246K.

Operating cash flow was −$2.4M. Non-cash charges added back $2.6M of depreciation and amortization and $49K of share-based compensation. Working capital and other items used $5.6M. Capital expenditures of $33K exceeded it, leaving free cash flow of −$2.5M.

Quarterly history

Boxlight revenue by quarterBoxlight revenue by quarter$24.0MQ4 2024$22.4MQ1 2025$30.9MQ2 2025$29.3MQ3 2025$26.6MQ4 2025$22.4MQ1 2026$25.9MQ2 2026
Boxlight net earnings by quarterBoxlight net earnings by quarter−$16.7MQ4 2024−$3.2MQ1 2025−$4.7MQ2 2025−$6.2MQ3 2025−$9.7MQ4 2025−$6.5MQ1 2026$509KQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$25.9M-16%4.0%$509K−$2.4M
Q1 202610-QMay 15, 2026$22.4M+0.1%-21.9%−$6.5M−$5.0M
Q4 202510-KApr 15, 2026$26.6M+11%-21.1%−$9.7M−$1.5M
Q3 202510-QNov 14, 2025$29.3M-19%-13.4%−$6.2M$1.3M
Q2 202510-QAug 13, 2025$30.9M-20%-12.7%−$4.7M$1.6M
Q1 202510-QMay 14, 2025$22.4M-40%-13.0%−$3.2M−$4.7M
Q4 202410-KMar 28, 2025$24.0M-38%-67.6%−$16.7M$1.6M

Charts

Boxlight: revenue growth, year over year and quarter over quarterBoxlight: revenue growth, year over year and quarter over quarterY/YQ/Q-38%Q4 2024-40%-7%Q1 2025-20%+38%Q2 2025-19%-5%Q3 2025+11%-9%Q4 2025+0%-16%Q1 2026-16%+15%Q2 2026
Latest (Q2 2026): Y/Y -16%, Q/Q +15%.
Boxlight: where the cash came from (+) and went (−), TTM to Q2 2026Boxlight: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow−$5.0MCash drawn (+) / kept (−)$3.3MExchange rates$1.2MOther financing$558KNet borrowing (+) / repaid (−)−$115KCapital spending−$18K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Boxlight: profit against cash, quarter by quarterBoxlight: profit against cash, quarter by quarterNet incomeOperating cash flow−$3.1M$5.2MQ3 2024−$16.7M$1.6MQ4 2024−$3.2M−$4.7MQ1 2025−$4.7M−$1.2MQ2 2025−$6.2M$4.0MQ3 2025−$9.7M−$1.5MQ4 2025−$6.5M−$5.0MQ1 2026$509K−$2.4MQ2 2026
Latest (Q2 2026): Net income $509K, Operating cash flow −$2.4M.
Boxlight: diluted shares by fiscal year (split-adjusted)Boxlight: diluted shares by fiscal year (split-adjusted)84MFY2020118MFY202117MFY20224MFY20231MFY20241MFY2025
-99.3% since FY2020: buybacks shrank the count; earlier years scaled for the 2-for-1 split before FY2025.
Boxlight: long-term debt falling due (FY2025)Boxlight: long-term debt falling due (FY2025)$1.3M2026$32.9M2027
Cash $9.4M, short-term investments —, long-term debt $34.2M at 2025-12-31.
Boxlight in its industry: growth against margin (22 companies, SIC 8200)Boxlight in its industry: growth against margin (22 companies, SIC 8200)revenue growth, year over year →↑ operating marginmedian +2%median 4%GHCLRNCVSALAURSTRALOPEPXEDUTIPRDOAPEILINCCHGGNRDYLGCYAMBOPCSVDFP Holdings LtdKIDZKPEARMGLBRWCBOXL (-16%, 4%)
Services-Educational Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Boxlight

We are a technology company that develops, sells, and services interactive solutions predominantly for the global education market, but also for the corporate and government sectors. We are seeking to become a worldwide leading innovator and integrator of interactive products and software solutions, and improve collaboration and effective communication in meeting environments. We currently design, produce, and distribute interactive technologies including our interactive and non-interactive flat-panel displays, LED video walls, media players, classroom audio and campus communication, cameras, and other peripherals for the education market and non-interactive solutions, including flat-panels, LED video walls, and digital signage for the enterprise market.

In its own words, from its 10-K, filed Apr 15, 2026.

Boxlight against its Services-Educational Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -16% against the peers' median +3%. Operating margin: 4.0% against the peers' median 12.0%.

CompanyQuarterRevenueY/YOp. margin
BOXL BoxlightQ2 2026$25.9M-16%4.0%
GHC Graham HoldingsQ3 2026$1.3B+4%6.4%
BSAA Best SPAC I AcquisitionQ1 2026$1.2B—0.0%
LRN StrideQ1 FY27$639M+3%13.2%
CVSA CovistaQ1 FY27$512M+11%19.2%
LAUR Laureate EducationQ3 2026$485M+21%24.6%
STRA Strategic EducationQ3 2026$325M+2%-26.9%
LOPE Grand Canyon EducationQ3 2026$267M+2%19.3%
PXED Phoenix Education PartnersQ4 FY26$261M+1%12.0%

Source: Boxlight 10-Q on SEC EDGAR · CIK 1624512 · Services-Educational Services

More on BOXL

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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