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

Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $29.3M, roughly 10.5× Boxlight Corp). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -21.1%, a 49.2% gap on every dollar of revenue. On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -19.2%). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% 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.

Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.

BOXL vs LOPE — Head-to-Head

Bigger by revenue
LOPE
LOPE
10.5× larger
LOPE
$308.1M
$29.3M
BOXL
Growing faster (revenue YoY)
LOPE
LOPE
+24.5% gap
LOPE
5.3%
-19.2%
BOXL
Higher net margin
LOPE
LOPE
49.2% more per $
LOPE
28.1%
-21.1%
BOXL
Faster 2-yr revenue CAGR
LOPE
LOPE
Annualised
LOPE
5.9%
-23.1%
BOXL

Income Statement — Q3 2025 vs Q4 2025

Metric
BOXL
BOXL
LOPE
LOPE
Revenue
$29.3M
$308.1M
Net Profit
$-6.2M
$86.7M
Gross Margin
29.1%
Operating Margin
-13.4%
35.1%
Net Margin
-21.1%
28.1%
Revenue YoY
-19.2%
5.3%
Net Profit YoY
-102.0%
5.9%
EPS (diluted)
$-1.88
$3.13

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
LOPE
LOPE
Q4 25
$308.1M
Q3 25
$29.3M
$261.1M
Q2 25
$30.9M
$247.5M
Q1 25
$289.3M
Q4 24
$24.0M
$292.6M
Q3 24
$36.3M
$238.3M
Q2 24
$38.5M
$227.5M
Q1 24
$37.1M
$274.7M
Net Profit
BOXL
BOXL
LOPE
LOPE
Q4 25
$86.7M
Q3 25
$-6.2M
$16.3M
Q2 25
$-4.7M
$41.5M
Q1 25
$71.6M
Q4 24
$-16.7M
$81.9M
Q3 24
$-3.1M
$41.5M
Q2 24
$-1.5M
$34.9M
Q1 24
$-7.1M
$68.0M
Gross Margin
BOXL
BOXL
LOPE
LOPE
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
LOPE
LOPE
Q4 25
35.1%
Q3 25
-13.4%
6.9%
Q2 25
-12.7%
20.9%
Q1 25
30.4%
Q4 24
-67.6%
34.2%
Q3 24
-2.4%
20.2%
Q2 24
3.2%
18.8%
Q1 24
-9.7%
30.8%
Net Margin
BOXL
BOXL
LOPE
LOPE
Q4 25
28.1%
Q3 25
-21.1%
6.2%
Q2 25
-15.3%
16.8%
Q1 25
24.8%
Q4 24
-69.6%
28.0%
Q3 24
-8.4%
17.4%
Q2 24
-3.8%
15.3%
Q1 24
-19.1%
24.8%
EPS (diluted)
BOXL
BOXL
LOPE
LOPE
Q4 25
$3.13
Q3 25
$-1.88
$0.58
Q2 25
$-1.53
$1.48
Q1 25
$2.52
Q4 24
$-87.29
$2.83
Q3 24
$-1.72
$1.42
Q2 24
$-0.92
$1.19
Q1 24
$-0.76
$2.29

Balance Sheet & Financial Strength

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

Metric
BOXL
BOXL
LOPE
LOPE
Cash + ST InvestmentsLiquidity on hand
$11.8M
$111.8M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-19.5M
$746.9M
Total Assets
$99.6M
$992.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOXL
BOXL
LOPE
LOPE
Q4 25
$111.8M
Q3 25
$11.8M
$97.3M
Q2 25
$7.6M
$192.3M
Q1 25
$144.5M
Q4 24
$8.0M
$324.6M
Q3 24
$10.5M
$263.6M
Q2 24
$7.5M
$241.3M
Q1 24
$11.8M
$196.2M
Total Debt
BOXL
BOXL
LOPE
LOPE
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
LOPE
LOPE
Q4 25
$746.9M
Q3 25
$-19.5M
$758.0M
Q2 25
$-20.6M
$778.0M
Q1 25
$780.7M
Q4 24
$-12.9M
$783.9M
Q3 24
$6.5M
$764.1M
Q2 24
$7.5M
$759.2M
Q1 24
$9.1M
$759.4M
Total Assets
BOXL
BOXL
LOPE
LOPE
Q4 25
$992.3M
Q3 25
$99.6M
$1.0B
Q2 25
$99.2M
$1.0B
Q1 25
$1.0B
Q4 24
$115.3M
$1.0B
Q3 24
$142.9M
$992.9M
Q2 24
$141.3M
$992.7M
Q1 24
$142.4M
$1.0B
Debt / Equity
BOXL
BOXL
LOPE
LOPE
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
LOPE
LOPE
Operating Cash FlowLast quarter
$1.3M
$130.5M
Free Cash FlowOCF − Capex
$122.9M
FCF MarginFCF / Revenue
39.9%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.50×
TTM Free Cash FlowTrailing 4 quarters
$238.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOXL
BOXL
LOPE
LOPE
Q4 25
$130.5M
Q3 25
$1.3M
$-48.6M
Q2 25
$124.0M
Q1 25
$67.6M
Q4 24
$1.6M
$135.8M
Q3 24
$5.2M
$-29.4M
Q2 24
$-5.4M
$98.6M
Q1 24
$-1.9M
$85.0M
Free Cash Flow
BOXL
BOXL
LOPE
LOPE
Q4 25
$122.9M
Q3 25
$-58.3M
Q2 25
$115.4M
Q1 25
$58.7M
Q4 24
$126.1M
Q3 24
$-39.0M
Q2 24
$89.6M
Q1 24
$76.0M
FCF Margin
BOXL
BOXL
LOPE
LOPE
Q4 25
39.9%
Q3 25
-22.3%
Q2 25
46.6%
Q1 25
20.3%
Q4 24
43.1%
Q3 24
-16.3%
Q2 24
39.4%
Q1 24
27.7%
Capex Intensity
BOXL
BOXL
LOPE
LOPE
Q4 25
2.5%
Q3 25
3.7%
Q2 25
3.5%
Q1 25
3.1%
Q4 24
3.3%
Q3 24
4.0%
Q2 24
3.9%
Q1 24
3.3%
Cash Conversion
BOXL
BOXL
LOPE
LOPE
Q4 25
1.50×
Q3 25
-2.99×
Q2 25
2.98×
Q1 25
0.94×
Q4 24
1.66×
Q3 24
-0.71×
Q2 24
2.83×
Q1 24
1.25×

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%

LOPE
LOPE

Segment breakdown not available.

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