vs

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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $29.3M, roughly 1.6× Boxlight Corp). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -21.1%, a 16.3% gap on every dollar of revenue. On growth, Boxlight Corp posted the faster year-over-year revenue change (-19.2% vs -47.3%). Over the past eight quarters, IRONWOOD PHARMACEUTICALS INC's revenue compounded faster (-20.2% 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.

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

BOXL vs IRWD — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.6× larger
IRWD
$47.7M
$29.3M
BOXL
Growing faster (revenue YoY)
BOXL
BOXL
+28.2% gap
BOXL
-19.2%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
16.3% more per $
IRWD
-4.8%
-21.1%
BOXL
Faster 2-yr revenue CAGR
IRWD
IRWD
Annualised
IRWD
-20.2%
-23.1%
BOXL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BOXL
BOXL
IRWD
IRWD
Revenue
$29.3M
$47.7M
Net Profit
$-6.2M
$-2.3M
Gross Margin
29.1%
Operating Margin
-13.4%
14.3%
Net Margin
-21.1%
-4.8%
Revenue YoY
-19.2%
-47.3%
Net Profit YoY
-102.0%
-200.9%
EPS (diluted)
$-1.88
$0.01

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
IRWD
IRWD
Q4 25
$47.7M
Q3 25
$29.3M
$122.1M
Q2 25
$30.9M
$85.2M
Q1 25
$41.1M
Q4 24
$24.0M
$90.5M
Q3 24
$36.3M
$91.6M
Q2 24
$38.5M
$94.4M
Q1 24
$37.1M
$74.9M
Net Profit
BOXL
BOXL
IRWD
IRWD
Q4 25
$-2.3M
Q3 25
$-6.2M
$40.1M
Q2 25
$-4.7M
$23.6M
Q1 25
$-37.4M
Q4 24
$-16.7M
$2.3M
Q3 24
$-3.1M
$3.6M
Q2 24
$-1.5M
$-860.0K
Q1 24
$-7.1M
$-4.2M
Gross Margin
BOXL
BOXL
IRWD
IRWD
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
IRWD
IRWD
Q4 25
14.3%
Q3 25
-13.4%
61.8%
Q2 25
-12.7%
53.2%
Q1 25
-70.7%
Q4 24
-67.6%
34.8%
Q3 24
-2.4%
28.0%
Q2 24
3.2%
26.5%
Q1 24
-9.7%
14.7%
Net Margin
BOXL
BOXL
IRWD
IRWD
Q4 25
-4.8%
Q3 25
-21.1%
32.8%
Q2 25
-15.3%
27.7%
Q1 25
-90.9%
Q4 24
-69.6%
2.5%
Q3 24
-8.4%
4.0%
Q2 24
-3.8%
-0.9%
Q1 24
-19.1%
-5.6%
EPS (diluted)
BOXL
BOXL
IRWD
IRWD
Q4 25
$0.01
Q3 25
$-1.88
$0.23
Q2 25
$-1.53
$0.14
Q1 25
$-0.23
Q4 24
$-87.29
$0.03
Q3 24
$-1.72
$0.02
Q2 24
$-0.92
$-0.01
Q1 24
$-0.76
$-0.03

Balance Sheet & Financial Strength

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

Metric
BOXL
BOXL
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$11.8M
$215.5M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-19.5M
$-261.8M
Total Assets
$99.6M
$396.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOXL
BOXL
IRWD
IRWD
Q4 25
$215.5M
Q3 25
$11.8M
$140.4M
Q2 25
$7.6M
$92.9M
Q1 25
$108.5M
Q4 24
$8.0M
$88.6M
Q3 24
$10.5M
$88.2M
Q2 24
$7.5M
$105.5M
Q1 24
$11.8M
$121.5M
Total Debt
BOXL
BOXL
IRWD
IRWD
Q4 25
Q3 25
$36.7M
$199.5M
Q2 25
$39.0M
$199.3M
Q1 25
$199.2M
Q4 24
$37.1M
$199.0M
Q3 24
$38.8M
$198.8M
Q2 24
$40.3M
$198.6M
Q1 24
$38.5M
$398.3M
Stockholders' Equity
BOXL
BOXL
IRWD
IRWD
Q4 25
$-261.8M
Q3 25
$-19.5M
$-264.2M
Q2 25
$-20.6M
$-308.2M
Q1 25
$-334.1M
Q4 24
$-12.9M
$-301.3M
Q3 24
$6.5M
$-311.3M
Q2 24
$7.5M
$-321.7M
Q1 24
$9.1M
$-330.5M
Total Assets
BOXL
BOXL
IRWD
IRWD
Q4 25
$396.9M
Q3 25
$99.6M
$396.1M
Q2 25
$99.2M
$342.9M
Q1 25
$327.2M
Q4 24
$115.3M
$350.9M
Q3 24
$142.9M
$389.5M
Q2 24
$141.3M
$395.6M
Q1 24
$142.4M
$438.8M
Debt / Equity
BOXL
BOXL
IRWD
IRWD
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
IRWD
IRWD
Operating Cash FlowLast quarter
$1.3M
$74.6M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOXL
BOXL
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$1.3M
$47.6M
Q2 25
$-15.1M
Q1 25
$20.0M
Q4 24
$1.6M
$15.2M
Q3 24
$5.2M
$9.9M
Q2 24
$-5.4M
$33.5M
Q1 24
$-1.9M
$45.0M
Free Cash Flow
BOXL
BOXL
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
BOXL
BOXL
IRWD
IRWD
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
BOXL
BOXL
IRWD
IRWD
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
BOXL
BOXL
IRWD
IRWD
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
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%

IRWD
IRWD

Segment breakdown not available.

Related Comparisons