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

Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $25.9M, roughly 1.1× REDWOOD TRUST INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -21.1%, a 98.3% gap on every dollar of revenue. On growth, REDWOOD TRUST INC posted the faster year-over-year revenue change (-6.1% vs -19.2%). Over the past eight quarters, Boxlight Corp's revenue compounded faster (-23.1% CAGR vs -41.0%).

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.

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

BOXL vs RWT — Head-to-Head

Bigger by revenue
BOXL
BOXL
1.1× larger
BOXL
$29.3M
$25.9M
RWT
Growing faster (revenue YoY)
RWT
RWT
+13.1% gap
RWT
-6.1%
-19.2%
BOXL
Higher net margin
RWT
RWT
98.3% more per $
RWT
77.2%
-21.1%
BOXL
Faster 2-yr revenue CAGR
BOXL
BOXL
Annualised
BOXL
-23.1%
-41.0%
RWT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BOXL
BOXL
RWT
RWT
Revenue
$29.3M
$25.9M
Net Profit
$-6.2M
$20.0M
Gross Margin
29.1%
Operating Margin
-13.4%
Net Margin
-21.1%
77.2%
Revenue YoY
-19.2%
-6.1%
Net Profit YoY
-102.0%
402.6%
EPS (diluted)
$-1.88
$0.11

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
RWT
RWT
Q4 25
$25.9M
Q3 25
$29.3M
$15.0M
Q2 25
$30.9M
$13.8M
Q1 25
$27.9M
Q4 24
$24.0M
$27.6M
Q3 24
$36.3M
$25.5M
Q2 24
$38.5M
$67.4M
Q1 24
$37.1M
$74.5M
Net Profit
BOXL
BOXL
RWT
RWT
Q4 25
$20.0M
Q3 25
$-6.2M
$-7.7M
Q2 25
$-4.7M
$-98.5M
Q1 25
$16.1M
Q4 24
$-16.7M
$-6.6M
Q3 24
$-3.1M
$14.8M
Q2 24
$-1.5M
$15.5M
Q1 24
$-7.1M
$30.3M
Gross Margin
BOXL
BOXL
RWT
RWT
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
RWT
RWT
Q4 25
Q3 25
-13.4%
-9.0%
Q2 25
-12.7%
-679.0%
Q1 25
80.2%
Q4 24
-67.6%
-1.3%
Q3 24
-2.4%
86.1%
Q2 24
3.2%
30.3%
Q1 24
-9.7%
41.3%
Net Margin
BOXL
BOXL
RWT
RWT
Q4 25
77.2%
Q3 25
-21.1%
-51.4%
Q2 25
-15.3%
-712.0%
Q1 25
57.8%
Q4 24
-69.6%
-24.0%
Q3 24
-8.4%
58.1%
Q2 24
-3.8%
23.0%
Q1 24
-19.1%
40.6%
EPS (diluted)
BOXL
BOXL
RWT
RWT
Q4 25
$0.11
Q3 25
$-1.88
$-0.08
Q2 25
$-1.53
$-0.76
Q1 25
$0.10
Q4 24
$-87.29
$-0.08
Q3 24
$-1.72
$0.09
Q2 24
$-0.92
$0.10
Q1 24
$-0.76
$0.21

Balance Sheet & Financial Strength

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

Metric
BOXL
BOXL
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$11.8M
$255.7M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-19.5M
$982.6M
Total Assets
$99.6M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOXL
BOXL
RWT
RWT
Q4 25
$255.7M
Q3 25
$11.8M
$226.3M
Q2 25
$7.6M
$302.0M
Q1 25
$259.9M
Q4 24
$8.0M
$245.2M
Q3 24
$10.5M
$253.7M
Q2 24
$7.5M
$275.6M
Q1 24
$11.8M
$275.4M
Total Debt
BOXL
BOXL
RWT
RWT
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
$1.7B
Stockholders' Equity
BOXL
BOXL
RWT
RWT
Q4 25
$982.6M
Q3 25
$-19.5M
$999.0M
Q2 25
$-20.6M
$1.1B
Q1 25
$1.2B
Q4 24
$-12.9M
$1.2B
Q3 24
$6.5M
$1.2B
Q2 24
$7.5M
$1.2B
Q1 24
$9.1M
$1.2B
Total Assets
BOXL
BOXL
RWT
RWT
Q4 25
$23.7B
Q3 25
$99.6M
$22.6B
Q2 25
$99.2M
$21.3B
Q1 25
$19.9B
Q4 24
$115.3M
$18.3B
Q3 24
$142.9M
$18.4B
Q2 24
$141.3M
$16.5B
Q1 24
$142.4M
$15.1B
Debt / Equity
BOXL
BOXL
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
5.93×
Q2 24
5.38×
Q1 24
4.23×
1.39×

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
RWT
RWT
Operating Cash FlowLast quarter
$1.3M
$-10.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOXL
BOXL
RWT
RWT
Q4 25
$-10.1B
Q3 25
$1.3M
$-2.7B
Q2 25
$-2.1B
Q1 25
$-2.0B
Q4 24
$1.6M
$-5.9B
Q3 24
$5.2M
$-2.1B
Q2 24
$-5.4M
$-2.0B
Q1 24
$-1.9M
$-954.2M
Cash Conversion
BOXL
BOXL
RWT
RWT
Q4 25
-504.15×
Q3 25
Q2 25
Q1 25
-120.92×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
-31.53×

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%

RWT
RWT

Segment breakdown not available.

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