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

UNITY BANCORP INC is the larger business by last-quarter revenue ($35.3M vs $29.3M, roughly 1.2× Boxlight Corp). UNITY BANCORP INC runs the higher net margin — 43.9% vs -21.1%, a 65.0% gap on every dollar of revenue. On growth, UNITY BANCORP INC posted the faster year-over-year revenue change (24.2% vs -19.2%). Over the past eight quarters, UNITY BANCORP INC's revenue compounded faster (17.5% 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.

Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.

BOXL vs UNTY — Head-to-Head

Bigger by revenue
UNTY
UNTY
1.2× larger
UNTY
$35.3M
$29.3M
BOXL
Growing faster (revenue YoY)
UNTY
UNTY
+43.3% gap
UNTY
24.2%
-19.2%
BOXL
Higher net margin
UNTY
UNTY
65.0% more per $
UNTY
43.9%
-21.1%
BOXL
Faster 2-yr revenue CAGR
UNTY
UNTY
Annualised
UNTY
17.5%
-23.1%
BOXL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BOXL
BOXL
UNTY
UNTY
Revenue
$29.3M
$35.3M
Net Profit
$-6.2M
$15.5M
Gross Margin
29.1%
Operating Margin
-13.4%
55.8%
Net Margin
-21.1%
43.9%
Revenue YoY
-19.2%
24.2%
Net Profit YoY
-102.0%
34.5%
EPS (diluted)
$-1.88
$1.52

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
UNTY
UNTY
Q4 25
$35.3M
Q3 25
$29.3M
$32.8M
Q2 25
$30.9M
$34.4M
Q1 25
$29.4M
Q4 24
$24.0M
$28.4M
Q3 24
$36.3M
$27.7M
Q2 24
$38.5M
$25.5M
Q1 24
$37.1M
$25.6M
Net Profit
BOXL
BOXL
UNTY
UNTY
Q4 25
$15.5M
Q3 25
$-6.2M
$14.4M
Q2 25
$-4.7M
$16.5M
Q1 25
$11.6M
Q4 24
$-16.7M
$11.5M
Q3 24
$-3.1M
$10.9M
Q2 24
$-1.5M
$9.5M
Q1 24
$-7.1M
$9.6M
Gross Margin
BOXL
BOXL
UNTY
UNTY
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
UNTY
UNTY
Q4 25
55.8%
Q3 25
-13.4%
57.5%
Q2 25
-12.7%
62.6%
Q1 25
52.6%
Q4 24
-67.6%
51.0%
Q3 24
-2.4%
52.7%
Q2 24
3.2%
49.3%
Q1 24
-9.7%
50.0%
Net Margin
BOXL
BOXL
UNTY
UNTY
Q4 25
43.9%
Q3 25
-21.1%
43.8%
Q2 25
-15.3%
48.0%
Q1 25
39.5%
Q4 24
-69.6%
40.5%
Q3 24
-8.4%
39.4%
Q2 24
-3.8%
37.1%
Q1 24
-19.1%
37.5%
EPS (diluted)
BOXL
BOXL
UNTY
UNTY
Q4 25
$1.52
Q3 25
$-1.88
$1.41
Q2 25
$-1.53
$1.61
Q1 25
$1.13
Q4 24
$-87.29
$1.13
Q3 24
$-1.72
$1.07
Q2 24
$-0.92
$0.92
Q1 24
$-0.76
$0.94

Balance Sheet & Financial Strength

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

Metric
BOXL
BOXL
UNTY
UNTY
Cash + ST InvestmentsLiquidity on hand
$11.8M
Total DebtLower is stronger
$36.7M
Stockholders' EquityBook value
$-19.5M
$345.6M
Total Assets
$99.6M
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOXL
BOXL
UNTY
UNTY
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 24
$11.8M
Total Debt
BOXL
BOXL
UNTY
UNTY
Q4 25
Q3 25
$36.7M
Q2 25
$39.0M
Q1 25
Q4 24
$37.1M
$230.8M
Q3 24
$38.8M
Q2 24
$40.3M
Q1 24
$38.5M
Stockholders' Equity
BOXL
BOXL
UNTY
UNTY
Q4 25
$345.6M
Q3 25
$-19.5M
$334.0M
Q2 25
$-20.6M
$319.8M
Q1 25
$306.1M
Q4 24
$-12.9M
$295.6M
Q3 24
$6.5M
$284.3M
Q2 24
$7.5M
$273.4M
Q1 24
$9.1M
$266.8M
Total Assets
BOXL
BOXL
UNTY
UNTY
Q4 25
$3.0B
Q3 25
$99.6M
$2.9B
Q2 25
$99.2M
$2.9B
Q1 25
$2.8B
Q4 24
$115.3M
$2.7B
Q3 24
$142.9M
$2.6B
Q2 24
$141.3M
$2.6B
Q1 24
$142.4M
$2.6B
Debt / Equity
BOXL
BOXL
UNTY
UNTY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.78×
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
UNTY
UNTY
Operating Cash FlowLast quarter
$1.3M
$44.9M
Free Cash FlowOCF − Capex
$44.3M
FCF MarginFCF / Revenue
125.7%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
2.90×
TTM Free Cash FlowTrailing 4 quarters
$81.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOXL
BOXL
UNTY
UNTY
Q4 25
$44.9M
Q3 25
$1.3M
$45.5M
Q2 25
$-25.3M
Q1 25
$17.9M
Q4 24
$1.6M
$48.0M
Q3 24
$5.2M
$17.7M
Q2 24
$-5.4M
$-8.4M
Q1 24
$-1.9M
$15.8M
Free Cash Flow
BOXL
BOXL
UNTY
UNTY
Q4 25
$44.3M
Q3 25
$45.3M
Q2 25
$-25.5M
Q1 25
$17.6M
Q4 24
$47.3M
Q3 24
$17.5M
Q2 24
$-8.6M
Q1 24
$15.7M
FCF Margin
BOXL
BOXL
UNTY
UNTY
Q4 25
125.7%
Q3 25
138.1%
Q2 25
-74.2%
Q1 25
59.9%
Q4 24
166.5%
Q3 24
63.3%
Q2 24
-33.7%
Q1 24
61.4%
Capex Intensity
BOXL
BOXL
UNTY
UNTY
Q4 25
1.6%
Q3 25
0.7%
Q2 25
0.5%
Q1 25
1.0%
Q4 24
2.4%
Q3 24
0.5%
Q2 24
0.5%
Q1 24
0.3%
Cash Conversion
BOXL
BOXL
UNTY
UNTY
Q4 25
2.90×
Q3 25
3.16×
Q2 25
-1.54×
Q1 25
1.54×
Q4 24
4.17×
Q3 24
1.62×
Q2 24
-0.89×
Q1 24
1.64×

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%

UNTY
UNTY

Segment breakdown not available.

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