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Side-by-side financial comparison of Boxlight Corp (BOXL) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
Boxlight Corp is the larger business by last-quarter revenue ($29.3M vs $26.9M, roughly 1.1× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -21.1%, a 60.3% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -19.2%). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% 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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
BOXL vs WTBA — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $29.3M | $26.9M |
| Net Profit | $-6.2M | $10.6M |
| Gross Margin | 29.1% | — |
| Operating Margin | -13.4% | 50.0% |
| Net Margin | -21.1% | 39.2% |
| Revenue YoY | -19.2% | 16.6% |
| Net Profit YoY | -102.0% | 34.8% |
| EPS (diluted) | $-1.88 | $0.61 |
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 | — | $26.9M | ||
| Q4 25 | — | $24.2M | ||
| Q3 25 | $29.3M | $25.0M | ||
| Q2 25 | $30.9M | $23.8M | ||
| Q1 25 | — | $23.1M | ||
| Q4 24 | $24.0M | $20.9M | ||
| Q3 24 | $36.3M | $20.3M | ||
| Q2 24 | $38.5M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | — | $7.4M | ||
| Q3 25 | $-6.2M | $9.3M | ||
| Q2 25 | $-4.7M | $8.0M | ||
| Q1 25 | — | $7.8M | ||
| Q4 24 | $-16.7M | $7.1M | ||
| Q3 24 | $-3.1M | $6.0M | ||
| Q2 24 | $-1.5M | $5.2M |
| 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 | — | 50.0% | ||
| Q4 25 | — | 39.6% | ||
| Q3 25 | -13.4% | 45.8% | ||
| Q2 25 | -12.7% | 43.4% | ||
| Q1 25 | — | 43.4% | ||
| Q4 24 | -67.6% | 30.9% | ||
| Q3 24 | -2.4% | 36.6% | ||
| Q2 24 | 3.2% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | — | 30.7% | ||
| Q3 25 | -21.1% | 37.3% | ||
| Q2 25 | -15.3% | 33.5% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | -69.6% | 34.0% | ||
| Q3 24 | -8.4% | 29.3% | ||
| Q2 24 | -3.8% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | — | $0.44 | ||
| Q3 25 | $-1.88 | $0.55 | ||
| Q2 25 | $-1.53 | $0.47 | ||
| Q1 25 | — | $0.46 | ||
| Q4 24 | $-87.29 | $0.41 | ||
| Q3 24 | $-1.72 | $0.35 | ||
| Q2 24 | $-0.92 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | $36.7M | — |
| Stockholders' EquityBook value | $-19.5M | $270.7M |
| Total Assets | $99.6M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | — | $471.1M | ||
| Q3 25 | $11.8M | $232.9M | ||
| Q2 25 | $7.6M | $345.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.0M | $243.5M | ||
| Q3 24 | $10.5M | — | ||
| Q2 24 | $7.5M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $270.7M | ||
| Q4 25 | — | $266.0M | ||
| Q3 25 | $-19.5M | $255.1M | ||
| Q2 25 | $-20.6M | $240.9M | ||
| Q1 25 | — | $237.9M | ||
| Q4 24 | $-12.9M | $227.9M | ||
| Q3 24 | $6.5M | $235.4M | ||
| Q2 24 | $7.5M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | — | $4.1B | ||
| Q3 25 | $99.6M | $4.0B | ||
| Q2 25 | $99.2M | $4.1B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | $115.3M | $4.0B | ||
| Q3 24 | $142.9M | $4.0B | ||
| Q2 24 | $141.3M | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.93× | — | ||
| Q2 24 | 5.38× | — |
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 | $12.9M |
| Free Cash FlowOCF − Capex | — | $12.4M |
| FCF MarginFCF / Revenue | — | 46.0% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | — | $46.5M | ||
| Q3 25 | $1.3M | $11.4M | ||
| Q2 25 | — | $13.5M | ||
| Q1 25 | — | $9.7M | ||
| Q4 24 | $1.6M | $39.8M | ||
| Q3 24 | $5.2M | $12.9M | ||
| Q2 24 | $-5.4M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | — | $43.2M | ||
| Q3 25 | — | $10.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $8.3M | ||
| Q4 24 | — | $13.7M | ||
| Q3 24 | — | $7.0M | ||
| Q2 24 | — | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | — | 178.3% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | — | 65.6% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 125.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
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% |
WTBA
Segment breakdown not available.
