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Blackboxstocks (BLBX) investor relations material
Blackboxstocks Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q3 2025 was $696,995, up 7.6% year-over-year, driven by educational class revenue, but nine-month revenue declined 9% to $1,802,856 due to fewer subscribers and lower average revenue per subscriber.
Net loss for Q3 2025 was $720,607, an improvement from $780,833 in Q3 2024; nine-month net loss increased to $2,819,009 from $2,522,487 year-over-year.
Operating expenses for Q3 2025 decreased 25.3% year-over-year, mainly due to lower professional fees, stock-based compensation, and reduced advertising as new pricing tiers were introduced.
The company continues to operate at a loss and faces substantial doubt about its ability to continue as a going concern without additional financing or successful completion of a planned merger.
Financial highlights
Gross margin for Q3 2025 was 53.7%, down from 54.7% in Q3 2024; nine-month gross margin was 43.6%, down from 49.2% year-over-year.
EBITDA for Q3 2025 was $(210,575), an improvement from $(649,893) in Q3 2024; nine-month EBITDA was $(1,933,739), better than $(2,137,973) in the prior year.
Cash at September 30, 2025 was $93,186, up from $17,036 at December 31, 2024.
Net cash used in operations for the nine months ended September 30, 2025 was $2,649,753.
Outlook and guidance
The company is pursuing a merger with REalloys, which is expected to provide $5 million in capital upon completion, but there is no assurance the merger or related financing will be completed.
Additional capital may be needed to fund operations if the merger is not completed.
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