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Side-by-side financial comparison of Boxlight Corp (BOXL) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $15.8M, roughly 1.9× Spire Global, Inc.). Boxlight Corp runs the higher net margin — -21.1% vs -176.6%, a 155.6% gap on every dollar of revenue. On growth, Boxlight Corp posted the faster year-over-year revenue change (-19.2% vs -26.9%). Over the past eight quarters, Boxlight Corp's revenue compounded faster (-23.1% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
BOXL vs SPIR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $29.3M | $15.8M |
| Net Profit | $-6.2M | $-28.0M |
| Gross Margin | 29.1% | 40.2% |
| Operating Margin | -13.4% | -164.1% |
| Net Margin | -21.1% | -176.6% |
| Revenue YoY | -19.2% | -26.9% |
| Net Profit YoY | -102.0% | 42.7% |
| EPS (diluted) | $-1.88 | $-0.85 |
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.
| Q4 25 | — | $15.8M | ||
| Q3 25 | $29.3M | $12.7M | ||
| Q2 25 | $30.9M | $19.2M | ||
| Q1 25 | — | $23.9M | ||
| Q4 24 | $24.0M | $21.7M | ||
| Q3 24 | $36.3M | $28.6M | ||
| Q2 24 | $38.5M | $25.4M | ||
| Q1 24 | $37.1M | $34.8M |
| Q4 25 | — | $-28.0M | ||
| Q3 25 | $-6.2M | $-19.7M | ||
| Q2 25 | $-4.7M | $119.6M | ||
| Q1 25 | — | $-20.7M | ||
| Q4 24 | $-16.7M | $-48.8M | ||
| Q3 24 | $-3.1M | $-12.5M | ||
| Q2 24 | $-1.5M | $-16.6M | ||
| Q1 24 | $-7.1M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | 29.1% | 36.6% | ||
| Q2 25 | 35.0% | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | 30.6% | 32.4% | ||
| Q3 24 | 33.8% | 44.5% | ||
| Q2 24 | 37.7% | 43.0% | ||
| Q1 24 | 34.5% | 26.5% |
| Q4 25 | — | -164.1% | ||
| Q3 25 | -13.4% | -166.1% | ||
| Q2 25 | -12.7% | -122.7% | ||
| Q1 25 | — | -106.5% | ||
| Q4 24 | -67.6% | -144.1% | ||
| Q3 24 | -2.4% | -48.0% | ||
| Q2 24 | 3.2% | -48.6% | ||
| Q1 24 | -9.7% | -34.4% |
| Q4 25 | — | -176.6% | ||
| Q3 25 | -21.1% | -155.3% | ||
| Q2 25 | -15.3% | 623.4% | ||
| Q1 25 | — | -86.5% | ||
| Q4 24 | -69.6% | -225.2% | ||
| Q3 24 | -8.4% | -43.7% | ||
| Q2 24 | -3.8% | -65.2% | ||
| Q1 24 | -19.1% | -73.3% |
| Q4 25 | — | $-0.85 | ||
| Q3 25 | $-1.88 | $-0.61 | ||
| Q2 25 | $-1.53 | $3.72 | ||
| Q1 25 | — | $-0.77 | ||
| Q4 24 | $-87.29 | $-1.93 | ||
| Q3 24 | $-1.72 | $-0.50 | ||
| Q2 24 | $-0.92 | $-0.68 | ||
| Q1 24 | $-0.76 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | $36.7M | — |
| Stockholders' EquityBook value | $-19.5M | $112.9M |
| Total Assets | $99.6M | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $81.8M | ||
| Q3 25 | $11.8M | $96.8M | ||
| Q2 25 | $7.6M | $117.6M | ||
| Q1 25 | — | $35.9M | ||
| Q4 24 | $8.0M | $19.2M | ||
| Q3 24 | $10.5M | $36.6M | ||
| Q2 24 | $7.5M | $45.8M | ||
| Q1 24 | $11.8M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | $36.7M | — | ||
| Q2 25 | $39.0M | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | $37.1M | $103.1M | ||
| Q3 24 | $38.8M | $4.9M | ||
| Q2 24 | $40.3M | $4.9M | ||
| Q1 24 | $38.5M | $123.1M |
| Q4 25 | — | $112.9M | ||
| Q3 25 | $-19.5M | $133.1M | ||
| Q2 25 | $-20.6M | $149.2M | ||
| Q1 25 | — | $3.7M | ||
| Q4 24 | $-12.9M | $-11.7M | ||
| Q3 24 | $6.5M | $30.8M | ||
| Q2 24 | $7.5M | $40.3M | ||
| Q1 24 | $9.1M | $52.5M |
| Q4 25 | — | $211.0M | ||
| Q3 25 | $99.6M | $224.3M | ||
| Q2 25 | $99.2M | $239.5M | ||
| Q1 25 | — | $208.8M | ||
| Q4 24 | $115.3M | $193.6M | ||
| Q3 24 | $142.9M | $224.2M | ||
| Q2 24 | $141.3M | $230.8M | ||
| Q1 24 | $142.4M | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.93× | 0.16× | ||
| Q2 24 | 5.38× | 0.12× | ||
| Q1 24 | 4.23× | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | — | $-16.2M |
| FCF MarginFCF / Revenue | — | -102.1% |
| Capex IntensityCapex / Revenue | — | 75.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-4.3M | ||
| Q3 25 | $1.3M | $-12.0M | ||
| Q2 25 | — | $-35.1M | ||
| Q1 25 | — | $-8.4M | ||
| Q4 24 | $1.6M | $-19.2M | ||
| Q3 24 | $5.2M | $14.0M | ||
| Q2 24 | $-5.4M | $-4.4M | ||
| Q1 24 | $-1.9M | $-8.8M |
| Q4 25 | — | $-16.2M | ||
| Q3 25 | — | $-20.4M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | — | $-24.3M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $-9.9M | ||
| Q1 24 | — | $-15.9M |
| Q4 25 | — | -102.1% | ||
| Q3 25 | — | -161.3% | ||
| Q2 25 | — | -201.7% | ||
| Q1 25 | — | -72.6% | ||
| Q4 24 | — | -112.2% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | -39.0% | ||
| Q1 24 | — | -45.7% |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 66.2% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | 20.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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% |
SPIR
Segment breakdown not available.
