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Side-by-side financial comparison of Boxlight Corp (BOXL) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $26.0M, roughly 1.1× FRANKLIN STREET PROPERTIES CORP). Boxlight Corp runs the higher net margin — -21.1% vs -28.1%, a 7.0% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -19.2%). Over the past eight quarters, FRANKLIN STREET PROPERTIES CORP's revenue compounded faster (-8.7% 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.

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

BOXL vs FSP — Head-to-Head

Bigger by revenue
BOXL
BOXL
1.1× larger
BOXL
$29.3M
$26.0M
FSP
Growing faster (revenue YoY)
FSP
FSP
+10.9% gap
FSP
-8.2%
-19.2%
BOXL
Higher net margin
BOXL
BOXL
7.0% more per $
BOXL
-21.1%
-28.1%
FSP
Faster 2-yr revenue CAGR
FSP
FSP
Annualised
FSP
-8.7%
-23.1%
BOXL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BOXL
BOXL
FSP
FSP
Revenue
$29.3M
$26.0M
Net Profit
$-6.2M
$-7.3M
Gross Margin
29.1%
59.4%
Operating Margin
-13.4%
-27.9%
Net Margin
-21.1%
-28.1%
Revenue YoY
-19.2%
-8.2%
Net Profit YoY
-102.0%
14.1%
EPS (diluted)
$-1.88
$-0.06

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
FSP
FSP
Q4 25
$26.0M
Q3 25
$29.3M
$27.3M
Q2 25
$30.9M
$26.7M
Q1 25
$27.1M
Q4 24
$24.0M
$28.4M
Q3 24
$36.3M
$29.7M
Q2 24
$38.5M
$30.8M
Q1 24
$37.1M
$31.2M
Net Profit
BOXL
BOXL
FSP
FSP
Q4 25
$-7.3M
Q3 25
$-6.2M
$-8.3M
Q2 25
$-4.7M
$-7.9M
Q1 25
$-21.4M
Q4 24
$-16.7M
$-8.5M
Q3 24
$-3.1M
$-15.6M
Q2 24
$-1.5M
$-21.0M
Q1 24
$-7.1M
$-7.6M
Gross Margin
BOXL
BOXL
FSP
FSP
Q4 25
59.4%
Q3 25
29.1%
60.9%
Q2 25
35.0%
59.9%
Q1 25
62.8%
Q4 24
30.6%
59.7%
Q3 24
33.8%
61.0%
Q2 24
37.7%
64.2%
Q1 24
34.5%
64.7%
Operating Margin
BOXL
BOXL
FSP
FSP
Q4 25
-27.9%
Q3 25
-13.4%
-30.5%
Q2 25
-12.7%
-29.2%
Q1 25
-78.9%
Q4 24
-67.6%
-29.9%
Q3 24
-2.4%
-52.4%
Q2 24
3.2%
-68.0%
Q1 24
-9.7%
-24.0%
Net Margin
BOXL
BOXL
FSP
FSP
Q4 25
-28.1%
Q3 25
-21.1%
-30.5%
Q2 25
-15.3%
-29.5%
Q1 25
-79.1%
Q4 24
-69.6%
-30.0%
Q3 24
-8.4%
-52.6%
Q2 24
-3.8%
-68.2%
Q1 24
-19.1%
-24.2%
EPS (diluted)
BOXL
BOXL
FSP
FSP
Q4 25
$-0.06
Q3 25
$-1.88
$-0.08
Q2 25
$-1.53
$-0.08
Q1 25
$-0.21
Q4 24
$-87.29
$-0.09
Q3 24
$-1.72
$-0.15
Q2 24
$-0.92
$-0.20
Q1 24
$-0.76
$-0.07

Balance Sheet & Financial Strength

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

Metric
BOXL
BOXL
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$11.8M
$30.6M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-19.5M
$607.0M
Total Assets
$99.6M
$892.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOXL
BOXL
FSP
FSP
Q4 25
$30.6M
Q3 25
$11.8M
$31.4M
Q2 25
$7.6M
$29.4M
Q1 25
$30.2M
Q4 24
$8.0M
$41.1M
Q3 24
$10.5M
$40.9M
Q2 24
$7.5M
$30.2M
Q1 24
$11.8M
$34.2M
Total Debt
BOXL
BOXL
FSP
FSP
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
FSP
FSP
Q4 25
$607.0M
Q3 25
$-19.5M
$615.3M
Q2 25
$-20.6M
$624.7M
Q1 25
$633.4M
Q4 24
$-12.9M
$655.9M
Q3 24
$6.5M
$665.4M
Q2 24
$7.5M
$682.1M
Q1 24
$9.1M
$703.9M
Total Assets
BOXL
BOXL
FSP
FSP
Q4 25
$892.9M
Q3 25
$99.6M
$901.0M
Q2 25
$99.2M
$903.2M
Q1 25
$916.4M
Q4 24
$115.3M
$946.9M
Q3 24
$142.9M
$981.5M
Q2 24
$141.3M
$1.0B
Q1 24
$142.4M
$1.0B
Debt / Equity
BOXL
BOXL
FSP
FSP
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
FSP
FSP
Operating Cash FlowLast quarter
$1.3M
$3.8M
Free Cash FlowOCF − Capex
$-12.7M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
63.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOXL
BOXL
FSP
FSP
Q4 25
$3.8M
Q3 25
$1.3M
$8.3M
Q2 25
$-2.9M
Q1 25
$-5.5M
Q4 24
$1.6M
$9.0M
Q3 24
$5.2M
$14.5M
Q2 24
$-5.4M
$-648.0K
Q1 24
$-1.9M
$-7.1M
Free Cash Flow
BOXL
BOXL
FSP
FSP
Q4 25
$-12.7M
Q3 25
$3.0M
Q2 25
$-5.7M
Q1 25
$-9.9M
Q4 24
$-16.2M
Q3 24
$8.6M
Q2 24
$-5.1M
Q1 24
$-15.8M
FCF Margin
BOXL
BOXL
FSP
FSP
Q4 25
-48.6%
Q3 25
11.0%
Q2 25
-21.5%
Q1 25
-36.7%
Q4 24
-57.2%
Q3 24
29.1%
Q2 24
-16.7%
Q1 24
-50.8%
Capex Intensity
BOXL
BOXL
FSP
FSP
Q4 25
63.0%
Q3 25
19.4%
Q2 25
10.7%
Q1 25
16.4%
Q4 24
88.9%
Q3 24
19.6%
Q2 24
14.6%
Q1 24
28.1%

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%

FSP
FSP

Segment breakdown not available.

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