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Side-by-side financial comparison of Boxlight Corp (BOXL) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
NETSTREIT Corp. is the larger business by last-quarter revenue ($57.1M vs $29.3M, roughly 1.9× Boxlight Corp). NETSTREIT Corp. runs the higher net margin — 10.0% vs -21.1%, a 31.1% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs -19.2%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% 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.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
BOXL vs NTST — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $29.3M | $57.1M |
| Net Profit | $-6.2M | $5.7M |
| Gross Margin | 29.1% | — |
| Operating Margin | -13.4% | 34.1% |
| Net Margin | -21.1% | 10.0% |
| Revenue YoY | -19.2% | 24.3% |
| Net Profit YoY | -102.0% | 235.9% |
| EPS (diluted) | $-1.88 | $0.32 |
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.
| Q1 26 | — | $57.1M | ||
| Q4 25 | — | $52.5M | ||
| Q3 25 | $29.3M | $48.3M | ||
| Q2 25 | $30.9M | $48.3M | ||
| Q1 25 | — | $45.9M | ||
| Q4 24 | $24.0M | $44.1M | ||
| Q3 24 | $36.3M | $41.4M | ||
| Q2 24 | $38.5M | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | — | $1.3M | ||
| Q3 25 | $-6.2M | $618.0K | ||
| Q2 25 | $-4.7M | $3.3M | ||
| Q1 25 | — | $1.7M | ||
| Q4 24 | $-16.7M | $-5.4M | ||
| Q3 24 | $-3.1M | $-5.3M | ||
| Q2 24 | $-1.5M | $-2.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 34.1% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | -13.4% | 1.3% | ||
| Q2 25 | -12.7% | 6.8% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | -67.6% | -12.3% | ||
| Q3 24 | -2.4% | -12.8% | ||
| Q2 24 | 3.2% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | -21.1% | 1.3% | ||
| Q2 25 | -15.3% | 6.8% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | -69.6% | -12.3% | ||
| Q3 24 | -8.4% | -12.8% | ||
| Q2 24 | -3.8% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | — | $0.01 | ||
| Q3 25 | $-1.88 | $0.01 | ||
| Q2 25 | $-1.53 | $0.04 | ||
| Q1 25 | — | $0.02 | ||
| Q4 24 | $-87.29 | $-0.07 | ||
| Q3 24 | $-1.72 | $-0.07 | ||
| Q2 24 | $-0.92 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.8M | — |
| Total DebtLower is stronger | $36.7M | — |
| Stockholders' EquityBook value | $-19.5M | $1.5B |
| Total Assets | $99.6M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $11.8M | — | ||
| Q2 25 | $7.6M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.0M | — | ||
| Q3 24 | $10.5M | — | ||
| Q2 24 | $7.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $36.7M | $1.1B | ||
| Q2 25 | $39.0M | $926.6M | ||
| Q1 25 | — | $913.3M | ||
| Q4 24 | $37.1M | $868.3M | ||
| Q3 24 | $38.8M | $778.7M | ||
| Q2 24 | $40.3M | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $-19.5M | $1.3B | ||
| Q2 25 | $-20.6M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $-12.9M | $1.3B | ||
| Q3 24 | $6.5M | $1.3B | ||
| Q2 24 | $7.5M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | — | $2.6B | ||
| Q3 25 | $99.6M | $2.5B | ||
| Q2 25 | $99.2M | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $115.3M | $2.3B | ||
| Q3 24 | $142.9M | $2.2B | ||
| Q2 24 | $141.3M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 5.93× | 0.58× | ||
| Q2 24 | 5.38× | 0.55× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $109.5M | ||
| Q3 25 | $1.3M | $28.0M | ||
| Q2 25 | — | $30.6M | ||
| Q1 25 | — | $22.1M | ||
| Q4 24 | $1.6M | $90.2M | ||
| Q3 24 | $5.2M | $25.1M | ||
| Q2 24 | $-5.4M | $25.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 82.46× | ||
| Q3 25 | — | 45.27× | ||
| Q2 25 | — | 9.36× | ||
| Q1 25 | — | 13.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BOXL
| Products | $27.4M | 93% |
| Services | $2.0M | 7% |
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
