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Side-by-side financial comparison of Boxlight Corp (BOXL) and CASS INFORMATION SYSTEMS INC (CASS). Click either name above to swap in a different company.

Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $26.2M, roughly 1.1× CASS INFORMATION SYSTEMS INC). CASS INFORMATION SYSTEMS INC runs the higher net margin — 31.3% vs -21.1%, a 52.3% gap on every dollar of revenue. On growth, CASS INFORMATION SYSTEMS INC posted the faster year-over-year revenue change (-1.3% vs -19.2%). Over the past eight quarters, CASS INFORMATION SYSTEMS INC's revenue compounded faster (-2.8% CAGR vs -23.1%).

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.

Cass Information Systems Inc is a leading provider of integrated financial automation and information management solutions for enterprises. Its core services cover freight payment processing, utility expense management, commercial payment services, and supporting data analytics tools, helping clients streamline financial workflows, cut operational costs, and gain clearer cross-category spending visibility to support smarter business decisions.

BOXL vs CASS — Head-to-Head

Bigger by revenue
BOXL
BOXL
1.1× larger
BOXL
$29.3M
$26.2M
CASS
Growing faster (revenue YoY)
CASS
CASS
+17.9% gap
CASS
-1.3%
-19.2%
BOXL
Higher net margin
CASS
CASS
52.3% more per $
CASS
31.3%
-21.1%
BOXL
Faster 2-yr revenue CAGR
CASS
CASS
Annualised
CASS
-2.8%
-23.1%
BOXL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BOXL
BOXL
CASS
CASS
Revenue
$29.3M
$26.2M
Net Profit
$-6.2M
$8.2M
Gross Margin
29.1%
Operating Margin
-13.4%
38.1%
Net Margin
-21.1%
31.3%
Revenue YoY
-19.2%
-1.3%
Net Profit YoY
-102.0%
78.3%
EPS (diluted)
$-1.88
$0.61

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
BOXL
BOXL
CASS
CASS
Q4 25
$26.2M
Q3 25
$29.3M
$27.4M
Q2 25
$30.9M
$27.6M
Q1 25
$26.8M
Q4 24
$24.0M
$26.5M
Q3 24
$36.3M
$28.1M
Q2 24
$38.5M
$27.6M
Q1 24
$37.1M
$27.7M
Net Profit
BOXL
BOXL
CASS
CASS
Q4 25
$8.2M
Q3 25
$-6.2M
$9.1M
Q2 25
$-4.7M
$8.9M
Q1 25
$9.0M
Q4 24
$-16.7M
$4.6M
Q3 24
$-3.1M
$2.9M
Q2 24
$-1.5M
$4.5M
Q1 24
$-7.1M
$7.2M
Gross Margin
BOXL
BOXL
CASS
CASS
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
BOXL
BOXL
CASS
CASS
Q4 25
38.1%
Q3 25
-13.4%
42.3%
Q2 25
-12.7%
22.8%
Q1 25
40.6%
Q4 24
-67.6%
19.7%
Q3 24
-2.4%
13.4%
Q2 24
3.2%
20.2%
Q1 24
-9.7%
32.1%
Net Margin
BOXL
BOXL
CASS
CASS
Q4 25
31.3%
Q3 25
-21.1%
33.2%
Q2 25
-15.3%
32.1%
Q1 25
33.5%
Q4 24
-69.6%
17.3%
Q3 24
-8.4%
10.5%
Q2 24
-3.8%
16.2%
Q1 24
-19.1%
25.8%
EPS (diluted)
BOXL
BOXL
CASS
CASS
Q4 25
$0.61
Q3 25
$-1.88
$0.68
Q2 25
$-1.53
$0.66
Q1 25
$0.66
Q4 24
$-87.29
$0.34
Q3 24
$-1.72
$0.21
Q2 24
$-0.92
$0.32
Q1 24
$-0.76
$0.52

Balance Sheet & Financial Strength

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

Metric
BOXL
BOXL
CASS
CASS
Cash + ST InvestmentsLiquidity on hand
$11.8M
$758.4M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-19.5M
$243.0M
Total Assets
$99.6M
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOXL
BOXL
CASS
CASS
Q4 25
$758.4M
Q3 25
$11.8M
$486.6M
Q2 25
$7.6M
$431.2M
Q1 25
$428.9M
Q4 24
$8.0M
$680.1M
Q3 24
$10.5M
$432.0M
Q2 24
$7.5M
$441.7M
Q1 24
$11.8M
$368.3M
Total Debt
BOXL
BOXL
CASS
CASS
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
BOXL
BOXL
CASS
CASS
Q4 25
$243.0M
Q3 25
$-19.5M
$243.4M
Q2 25
$-20.6M
$240.8M
Q1 25
$234.2M
Q4 24
$-12.9M
$229.0M
Q3 24
$6.5M
$237.6M
Q2 24
$7.5M
$229.9M
Q1 24
$9.1M
$229.5M
Total Assets
BOXL
BOXL
CASS
CASS
Q4 25
$2.6B
Q3 25
$99.6M
$2.5B
Q2 25
$99.2M
$2.3B
Q1 25
$2.3B
Q4 24
$115.3M
$2.4B
Q3 24
$142.9M
$2.3B
Q2 24
$141.3M
$2.3B
Q1 24
$142.4M
$2.3B
Debt / Equity
BOXL
BOXL
CASS
CASS
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
BOXL
BOXL
CASS
CASS
Operating Cash FlowLast quarter
$1.3M
$4.8M
Free Cash FlowOCF − Capex
$4.1M
FCF MarginFCF / Revenue
15.8%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$31.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOXL
BOXL
CASS
CASS
Q4 25
$4.8M
Q3 25
$1.3M
$12.3M
Q2 25
$-1.3M
Q1 25
$21.6M
Q4 24
$1.6M
$18.6M
Q3 24
$5.2M
$-198.0K
Q2 24
$-5.4M
$10.7M
Q1 24
$-1.9M
$9.8M
Free Cash Flow
BOXL
BOXL
CASS
CASS
Q4 25
$4.1M
Q3 25
$11.3M
Q2 25
$-2.6M
Q1 25
$19.0M
Q4 24
$18.4M
Q3 24
$-2.2M
Q2 24
$7.9M
Q1 24
$6.3M
FCF Margin
BOXL
BOXL
CASS
CASS
Q4 25
15.8%
Q3 25
41.1%
Q2 25
-9.5%
Q1 25
71.0%
Q4 24
69.5%
Q3 24
-8.0%
Q2 24
28.6%
Q1 24
22.9%
Capex Intensity
BOXL
BOXL
CASS
CASS
Q4 25
2.7%
Q3 25
3.8%
Q2 25
4.9%
Q1 25
9.6%
Q4 24
0.7%
Q3 24
7.2%
Q2 24
10.1%
Q1 24
12.6%
Cash Conversion
BOXL
BOXL
CASS
CASS
Q4 25
0.59×
Q3 25
1.35×
Q2 25
-0.15×
Q1 25
2.41×
Q4 24
4.06×
Q3 24
-0.07×
Q2 24
2.38×
Q1 24
1.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BOXL
BOXL

Products$27.4M93%
Services$2.0M7%

CASS
CASS

Processing Fees$15.9M61%
Financial Fees$9.9M38%

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