Boxlight (BOXL) Q4 2025 earnings summary

Executive summary

• Q4 2025 revenue rose 11% year-over-year to $26.6 million, driven by higher sales in the Americas.

• FY 2025 revenue declined 19.6% to $109.2 million due to lower global demand and industry pricing pressure.

• Net loss for Q4 2025 narrowed to $9.7 million from $16.7 million in Q4 2024; FY 2025 net loss attributable to common shareholders was $25.1 million, down from $29.6 million in FY 2024.

• Launched FrontRow Symphony™ platform in January 2026, expanding campus communication solutions.

Financial highlights

• Q4 2025 gross profit margin fell to 23.5% from 30.6% year-over-year, impacted by pricing pressure and tariffs.

• FY 2025 gross profit margin declined to 30.8% from 34.5% in FY 2024.

• Adjusted EBITDA loss for Q4 2025 was $4.9 million, compared to $1.8 million loss in Q4 2024.

• FY 2025 Adjusted EBITDA loss was $3.5 million, versus $4.3 million gain in FY 2024.

• Ended 2025 with $9.4 million in cash and $26.6 million in working capital.

Outlook and guidance

• Management prioritizes operational discipline, margin improvement, and topline growth for 2026.

• Expense actions taken in 2025 are expected to benefit 2026 results.

• Monitoring macroeconomic and tariff developments, with potential impact on future margins.