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Side-by-side financial comparison of Boxlight Corp (BOXL) and Ceribell, Inc. (CBLL). Click either name above to swap in a different company.

Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $24.8M, roughly 1.2× Ceribell, Inc.). Boxlight Corp runs the higher net margin — -21.1% vs -54.6%, a 33.5% gap on every dollar of revenue.

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.

Ceribell, Inc. develops and commercializes innovative portable neurodiagnostic medical devices, focused on rapid non-invasive electroencephalogram (EEG) solutions for seizure detection. Its core products serve hospital emergency departments, intensive care units, and long-term care facilities, with primary markets across North America and ongoing global expansion efforts.

BOXL vs CBLL — Head-to-Head

Bigger by revenue
BOXL
BOXL
1.2× larger
BOXL
$29.3M
$24.8M
CBLL
Higher net margin
BOXL
BOXL
33.5% more per $
BOXL
-21.1%
-54.6%
CBLL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BOXL
BOXL
CBLL
CBLL
Revenue
$29.3M
$24.8M
Net Profit
$-6.2M
$-13.5M
Gross Margin
29.1%
87.3%
Operating Margin
-13.4%
-58.9%
Net Margin
-21.1%
-54.6%
Revenue YoY
-19.2%
Net Profit YoY
-102.0%
EPS (diluted)
$-1.88
$-0.35

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
CBLL
CBLL
Q4 25
$24.8M
Q3 25
$29.3M
$22.6M
Q2 25
$30.9M
$21.2M
Q1 25
$20.5M
Q4 24
$24.0M
Q3 24
$36.3M
$17.2M
Q2 24
$38.5M
Q1 24
$37.1M
Net Profit
BOXL
BOXL
CBLL
CBLL
Q4 25
$-13.5M
Q3 25
$-6.2M
$-13.5M
Q2 25
$-4.7M
$-13.6M
Q1 25
$-12.8M
Q4 24
$-16.7M
Q3 24
$-3.1M
$-10.4M
Q2 24
$-1.5M
Q1 24
$-7.1M
Gross Margin
BOXL
BOXL
CBLL
CBLL
Q4 25
87.3%
Q3 25
29.1%
88.3%
Q2 25
35.0%
88.1%
Q1 25
87.9%
Q4 24
30.6%
Q3 24
33.8%
87.3%
Q2 24
37.7%
Q1 24
34.5%
Operating Margin
BOXL
BOXL
CBLL
CBLL
Q4 25
-58.9%
Q3 25
-13.4%
-64.8%
Q2 25
-12.7%
-70.5%
Q1 25
-69.3%
Q4 24
-67.6%
Q3 24
-2.4%
-57.8%
Q2 24
3.2%
Q1 24
-9.7%
Net Margin
BOXL
BOXL
CBLL
CBLL
Q4 25
-54.6%
Q3 25
-21.1%
-59.6%
Q2 25
-15.3%
-64.4%
Q1 25
-62.4%
Q4 24
-69.6%
Q3 24
-8.4%
-60.6%
Q2 24
-3.8%
Q1 24
-19.1%
EPS (diluted)
BOXL
BOXL
CBLL
CBLL
Q4 25
$-0.35
Q3 25
$-1.88
$-0.37
Q2 25
$-1.53
$-0.38
Q1 25
$-0.36
Q4 24
$-87.29
Q3 24
$-1.72
$-1.85
Q2 24
$-0.92
Q1 24
$-0.76

Balance Sheet & Financial Strength

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

Metric
BOXL
BOXL
CBLL
CBLL
Cash + ST InvestmentsLiquidity on hand
$11.8M
$159.3M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-19.5M
$155.3M
Total Assets
$99.6M
$195.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOXL
BOXL
CBLL
CBLL
Q4 25
$159.3M
Q3 25
$11.8M
$168.5M
Q2 25
$7.6M
$177.4M
Q1 25
$182.7M
Q4 24
$8.0M
Q3 24
$10.5M
$14.1M
Q2 24
$7.5M
Q1 24
$11.8M
Total Debt
BOXL
BOXL
CBLL
CBLL
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
CBLL
CBLL
Q4 25
$155.3M
Q3 25
$-19.5M
$164.1M
Q2 25
$-20.6M
$172.2M
Q1 25
$180.9M
Q4 24
$-12.9M
Q3 24
$6.5M
$-136.0M
Q2 24
$7.5M
Q1 24
$9.1M
Total Assets
BOXL
BOXL
CBLL
CBLL
Q4 25
$195.8M
Q3 25
$99.6M
$199.5M
Q2 25
$99.2M
$207.7M
Q1 25
$213.5M
Q4 24
$115.3M
Q3 24
$142.9M
$47.1M
Q2 24
$141.3M
Q1 24
$142.4M
Debt / Equity
BOXL
BOXL
CBLL
CBLL
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
CBLL
CBLL
Operating Cash FlowLast quarter
$1.3M
$-10.8M
Free Cash FlowOCF − Capex
$-11.0M
FCF MarginFCF / Revenue
-44.2%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-41.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOXL
BOXL
CBLL
CBLL
Q4 25
$-10.8M
Q3 25
$1.3M
$-11.1M
Q2 25
$-7.5M
Q1 25
$-11.4M
Q4 24
$1.6M
Q3 24
$5.2M
Q2 24
$-5.4M
Q1 24
$-1.9M
Free Cash Flow
BOXL
BOXL
CBLL
CBLL
Q4 25
$-11.0M
Q3 25
$-11.5M
Q2 25
$-7.6M
Q1 25
$-11.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BOXL
BOXL
CBLL
CBLL
Q4 25
-44.2%
Q3 25
-50.8%
Q2 25
-35.9%
Q1 25
-56.4%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BOXL
BOXL
CBLL
CBLL
Q4 25
0.7%
Q3 25
1.6%
Q2 25
0.3%
Q1 25
0.7%
Q4 24
Q3 24
Q2 24
Q1 24

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%

CBLL
CBLL

Products$18.8M76%
Subscription$6.0M24%

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