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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Boxlight Corp (BOXL). Click either name above to swap in a different company.

Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $23.1M, roughly 1.3× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -19.2%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -23.1%).

ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.

Boxlight Corp is a global provider of interactive technology solutions, including interactive flat panel displays, projectors, collaborative software, and classroom technology accessories. It primarily serves K-12 and higher education institutions, as well as corporate and government customers across North America, Europe, and Asia Pacific, focusing on enhancing learning and work collaboration efficiency.

ADCT vs BOXL — Head-to-Head

Bigger by revenue
BOXL
BOXL
1.3× larger
BOXL
$29.3M
$23.1M
ADCT
Growing faster (revenue YoY)
ADCT
ADCT
+55.5% gap
ADCT
36.4%
-19.2%
BOXL
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
-23.1%
BOXL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ADCT
ADCT
BOXL
BOXL
Revenue
$23.1M
$29.3M
Net Profit
$-6.2M
Gross Margin
29.1%
Operating Margin
-77.7%
-13.4%
Net Margin
-21.1%
Revenue YoY
36.4%
-19.2%
Net Profit YoY
-102.0%
EPS (diluted)
$0.04
$-1.88

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADCT
ADCT
BOXL
BOXL
Q4 25
$23.1M
Q3 25
$15.8M
$29.3M
Q2 25
$18.1M
$30.9M
Q1 25
$17.4M
Q4 24
$16.9M
$24.0M
Q3 24
$18.0M
$36.3M
Q2 24
$17.0M
$38.5M
Q1 24
$17.8M
$37.1M
Net Profit
ADCT
ADCT
BOXL
BOXL
Q4 25
Q3 25
$-41.0M
$-6.2M
Q2 25
$-56.6M
$-4.7M
Q1 25
$-38.6M
Q4 24
$-16.7M
Q3 24
$-44.0M
$-3.1M
Q2 24
$-36.5M
$-1.5M
Q1 24
$-46.6M
$-7.1M
Gross Margin
ADCT
ADCT
BOXL
BOXL
Q4 25
Q3 25
29.1%
Q2 25
35.0%
Q1 25
Q4 24
30.6%
Q3 24
33.8%
Q2 24
37.7%
Q1 24
34.5%
Operating Margin
ADCT
ADCT
BOXL
BOXL
Q4 25
-77.7%
Q3 25
-196.6%
-13.4%
Q2 25
-244.1%
-12.7%
Q1 25
-163.5%
Q4 24
-191.8%
-67.6%
Q3 24
-197.4%
-2.4%
Q2 24
-170.5%
3.2%
Q1 24
-188.3%
-9.7%
Net Margin
ADCT
ADCT
BOXL
BOXL
Q4 25
Q3 25
-260.1%
-21.1%
Q2 25
-313.2%
-15.3%
Q1 25
-221.8%
Q4 24
-69.6%
Q3 24
-244.1%
-8.4%
Q2 24
-214.6%
-3.8%
Q1 24
-261.1%
-19.1%
EPS (diluted)
ADCT
ADCT
BOXL
BOXL
Q4 25
$0.04
Q3 25
$-0.30
$-1.88
Q2 25
$-0.50
$-1.53
Q1 25
$-0.36
Q4 24
$-0.26
$-87.29
Q3 24
$-0.42
$-1.72
Q2 24
$-0.38
$-0.92
Q1 24
$-0.56
$-0.76

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADCT
ADCT
BOXL
BOXL
Cash + ST InvestmentsLiquidity on hand
$261.3M
$11.8M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-185.8M
$-19.5M
Total Assets
$323.1M
$99.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
BOXL
BOXL
Q4 25
$261.3M
Q3 25
$234.7M
$11.8M
Q2 25
$264.6M
$7.6M
Q1 25
$194.7M
Q4 24
$250.9M
$8.0M
Q3 24
$274.3M
$10.5M
Q2 24
$300.1M
$7.5M
Q1 24
$234.3M
$11.8M
Total Debt
ADCT
ADCT
BOXL
BOXL
Q4 25
Q3 25
$36.7M
Q2 25
$39.0M
Q1 25
Q4 24
$37.1M
Q3 24
$38.8M
Q2 24
$40.3M
Q1 24
$38.5M
Stockholders' Equity
ADCT
ADCT
BOXL
BOXL
Q4 25
$-185.8M
Q3 25
$-238.2M
$-19.5M
Q2 25
$-199.2M
$-20.6M
Q1 25
$-238.2M
Q4 24
$-202.6M
$-12.9M
Q3 24
$-171.9M
$6.5M
Q2 24
$-131.7M
$7.5M
Q1 24
$-194.4M
$9.1M
Total Assets
ADCT
ADCT
BOXL
BOXL
Q4 25
$323.1M
Q3 25
$289.8M
$99.6M
Q2 25
$321.6M
$99.2M
Q1 25
$272.5M
Q4 24
$322.0M
$115.3M
Q3 24
$349.1M
$142.9M
Q2 24
$371.8M
$141.3M
Q1 24
$308.0M
$142.4M
Debt / Equity
ADCT
ADCT
BOXL
BOXL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
5.93×
Q2 24
5.38×
Q1 24
4.23×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADCT
ADCT
BOXL
BOXL
Operating Cash FlowLast quarter
$-31.1M
$1.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
BOXL
BOXL
Q4 25
$-31.1M
Q3 25
$-29.6M
$1.3M
Q2 25
$-24.1M
Q1 25
$-56.3M
Q4 24
$-21.9M
$1.6M
Q3 24
$-25.0M
$5.2M
Q2 24
$-32.8M
$-5.4M
Q1 24
$-44.1M
$-1.9M
Free Cash Flow
ADCT
ADCT
BOXL
BOXL
Q4 25
Q3 25
Q2 25
Q1 25
$-56.6M
Q4 24
$-21.9M
Q3 24
$-25.3M
Q2 24
$-32.9M
Q1 24
$-44.6M
FCF Margin
ADCT
ADCT
BOXL
BOXL
Q4 25
Q3 25
Q2 25
Q1 25
-325.2%
Q4 24
-129.8%
Q3 24
-140.2%
Q2 24
-193.0%
Q1 24
-250.0%
Capex Intensity
ADCT
ADCT
BOXL
BOXL
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.5%
Q4 24
0.5%
Q3 24
1.2%
Q2 24
0.2%
Q1 24
3.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADCT
ADCT

Segment breakdown not available.

BOXL
BOXL

Products$27.4M93%
Services$2.0M7%

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