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How Boxlight (BOXL) makes money

Boxlight (BOXL) made $25.9M of revenue in the second quarter 2026 (Q2 2026), -16% from a year earlier. Product revenue brought in $23.4M (90%); Service revenue brought in $2.5M (10%). Of every dollar of revenue, 50¢ was left as gross profit, 4¢ was left as operating profit, 2¢ was left as net earnings.

Drawing the Sankey…

Boxlight revenue by segment, Q2 2026Boxlight revenue by segment, Q2 2026Product revenue$23.4MService revenue$2.5M
Boxlight: revenue by line, Q2 2025 to Q2 2026Boxlight: revenue by line, Q2 2025 to Q2 2026Product revenueService revenueProduct revenue: $23.4M latest$23.4MService revenue: $2.5M latest$2.5MQ2 2025Q3 2025Q1 2026Q2 2026
The mix barely moved between Q2 2025 and Q2 2026.
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: where each dollar of revenue goesBoxlight: where each dollar of revenue goesCost of revenue50¢Gross profit50¢Operating expenses46¢Operating profit4¢Net earnings2¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Product revenue$23.4M90.2%+14%-17%
Service revenue$2.5M9.8%+35%-0.8%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$25.9M100.0%
Cost of revenue$13.0M50.2%
Gross profit$12.9M49.8%
Operating expenses$11.9M45.8%
Operating profit$1.0M4.0%
Net earnings$509K2.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$25.9M-16%
Q1 2026$22.4M+0.1%
Q4 2025$26.6M+11%
Q3 2025$29.3M-19%
Q2 2025$30.9M-20%
Q1 2025$22.4M-40%
Q4 2024$24.0M-38%

From Boxlight's 10-Q filed Aug 14, 2026 (on EDGAR).

Questions

How does Boxlight make money?

Boxlight (BOXL) made $25.9M of revenue in the second quarter 2026 (Q2 2026), -16% from a year earlier. Product revenue brought in $23.4M (90%); Service revenue brought in $2.5M (10%). Of every dollar of revenue, 50¢ was left as gross profit, 4¢ was left as operating profit, 2¢ was left as net earnings.

What is Boxlight's biggest business?

Product revenue: $23.4M in the second quarter 2026, 90% of revenue, -17% from a year earlier.

What is Boxlight's profit margin?

Net earnings were $509K, 2.0% of revenue, in the second quarter 2026; the operating margin was 4.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.