Blackboxstocks Inc Financials

BLBX

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Blackboxstocks Inc (BLBX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 23/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Blackboxstocks Inc has an operating margin of -165.7%, meaning the company retains $-166 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -128.9% the prior year.

Growth

Blackboxstocks Inc's revenue declined 5.3% year-over-year, from $2.6M to $2.4M. This contraction results in a growth score of 25/100.

Leverage

Blackboxstocks Inc carries a low D/E ratio of 0.53, meaning only $0.53 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Blackboxstocks Inc's current ratio of 0.02 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Returns

Blackboxstocks Inc generates a -78.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -64.3% the prior year.

Piotroski F-Score Weak

3/9

Blackboxstocks Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.71x

For every $1 of reported earnings, Blackboxstocks Inc generates $0.71 in operating cash flow (-$3.2M OCF vs -$4.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-34.3x

Blackboxstocks Inc earns $-34.3 in operating income for every $1 of interest expense (-$4.0M vs $118K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.4M

YoY-5.3%

5Y CAGR-6.3%

Blackboxstocks Inc generated $2.4M in revenue in fiscal year 2025. This represents a decrease of 5.3% from the prior year.

EBITDA

-$4.0M

YoY-22.2%

Blackboxstocks Inc's EBITDA was -$4.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 22.2% from the prior year.

Net Income

-$4.4M

YoY-27.5%

Blackboxstocks Inc reported -$4.4M in net income in fiscal year 2025. This represents a decrease of 27.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$39K

YoY+129.9%

5Y CAGR-47.4%

10Y CAGR-4.2%

Blackboxstocks Inc held $39K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+21.8%

Blackboxstocks Inc had 4M shares outstanding in fiscal year 2025. This represents an increase of 21.8% from the prior year.

Margins & Returns

Gross Margin

48.0%

YoY+4.0pp

5Y CAGR-16.4pp

Blackboxstocks Inc's gross margin was 48.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.0 percentage points from the prior year.

Operating Margin

-165.7%

YoY-36.8pp

5Y CAGR-153.4pp

Blackboxstocks Inc's operating margin was -165.7% in fiscal year 2025, reflecting core business profitability. This is down 36.8 percentage points from the prior year.

Net Margin

-182.1%

YoY-46.8pp

5Y CAGR-171.5pp

Blackboxstocks Inc's net profit margin was -182.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 46.8 percentage points from the prior year.

Return on Equity

-78.2%

YoY-13.9pp

10Y CAGR+128.4pp

Blackboxstocks Inc's ROE was -78.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 13.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

BLBX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.4M-5.3%	$2.6M-17.4%	$3.1M-37.4%	$5.0M-18.9%	$6.1M+81.5%	$3.4M
Cost of Revenue	$1.3M-12.0%	$1.4M-13.7%	$1.7M-19.9%	$2.1M+12.4%	$1.9M+54.1%	$1.2M
Gross Profit	$1.2M+3.2%	$1.1M-21.5%	$1.4M-50.0%	$2.9M-32.5%	$4.3M+96.7%	$2.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.5M+26.2%	$3.6M-30.6%	$5.1M+8.7%	$4.7M+2.3%	$4.6M+161.9%	$1.8M
Operating Income	-$4.0M-21.7%	-$3.3M+37.5%	-$5.3M-16.5%	-$4.5M-99.6%	-$2.3M-451.9%	-$413K
Interest Expense	$118K+44598.5%	$263	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$4.4M-27.5%	-$3.5M+25.6%	-$4.7M+7.1%	-$5.0M-91.9%	-$2.6M-637.0%	-$355K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$628K-9.8%	$697K+34.4%	$519K-11.6%	$587K+0.4%	$585K-9.7%	$648K-5.4%	$685K+5.4%	$649K
Cost of Revenue	$248K-23.3%	$323K-8.2%	$352K+2.5%	$343K-20.2%	$430K+46.5%	$293K-17.6%	$356K-0.5%	$358K
Gross Profit	$381K+1.8%	$374K+123.7%	$167K-31.5%	$244K+57.4%	$155K-56.2%	$354K+7.8%	$329K+12.8%	$291K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.8M+168.1%	$656K-42.0%	$1.1M+17.9%	$959K+15.1%	$833K-6.6%	$891K-5.0%	$938K+3.6%	$906K
Operating Income	-$1.6M-255.1%	-$439K+61.6%	-$1.1M-28.8%	-$888K-0.2%	-$886K-20.7%	-$734K+11.0%	-$825K+4.5%	-$864K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	-$1.6M-123.0%	-$721K+43.2%	-$1.3M-53.1%	-$829K+12.6%	-$949K-21.5%	-$781K+11.1%	-$878K-1.6%	-$864K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BLBX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$8.7M-12.2%	$9.9M+0.6%	$9.8M+126.7%	$4.3M-61.1%	$11.2M+863.0%	$1.2M
Current Assets	$70K-94.1%	$1.2M+16.4%	$1.0M-74.2%	$3.9M-63.5%	$10.7M+882.0%	$1.1M
Cash & Equivalents	$39K+129.9%	$17K-96.4%	$473K+11.1%	$426K-82.5%	$2.4M+149.4%	$973K
Inventory	$3K0.0%	$3K0.0%	$3K-77.6%	$15K+14.0%	$14K-23.2%	$18K
Accounts Receivable	$20K+179.2%	$7K-60.4%	$18K-69.4%	$60K+220.8%	$19K+3.3%	$18K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.0M-32.7%	$4.5M+77.6%	$2.5M+17.3%	$2.2M-35.2%	$3.3M+14.3%	$2.9M
Current Liabilities	$2.9M-32.7%	$4.3M+91.2%	$2.2M+20.5%	$1.9M-36.7%	$2.9M+46.5%	$2.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$890K
Total Equity	$5.7M+4.9%	$5.4M-26.1%	$7.3M+235.1%	$2.2M-72.1%	$7.8M+544.7%	-$1.8M
Retained Earnings	-$27.4M-19.3%	-$23.0M-17.8%	-$19.5M-31.5%	-$14.8M-51.2%	-$9.8M-36.4%	-$7.2M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$8.7M-1.5%	$8.8M-10.8%	$9.9M-3.5%	$10.2M+3.5%	$9.9M-0.6%	$10.0M+0.8%	$9.9M+9.3%	$9.0M
Current Assets	$70K-54.8%	$154K-87.1%	$1.2M-22.0%	$1.5M+31.1%	$1.2M-3.8%	$1.2M+8.2%	$1.1M+380.6%	$234K
Cash & Equivalents	$39K-58.0%	$93K+144.2%	$38K-82.3%	$215K+1164.1%	$17K-72.0%	$61K-94.2%	$1.1M+818.1%	$115K
Inventory	$3K0.0%	$3K0.0%	$3K0.0%	$3K0.0%	$3K0.0%	$3K0.0%	$3K0.0%	$3K
Accounts Receivable	$20K+47.3%	$14K+8722.6%	$155-98.1%	$8K+11.3%	$7K+90.0%	$4K-78.3%	$17K+8.0%	$16K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.0M-25.0%	$4.0M-35.9%	$6.3M+13.0%	$5.6M+23.9%	$4.5M+22.2%	$3.7M-10.4%	$4.1M+65.0%	$2.5M
Current Liabilities	$2.9M-25.6%	$3.9M-36.7%	$6.1M+13.9%	$5.4M+25.5%	$4.3M+24.3%	$3.4M-10.7%	$3.8M+74.2%	$2.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$5.7M+18.3%	$4.8M+33.4%	$3.6M-23.2%	$4.7M-13.5%	$5.4M-14.0%	$6.3M+8.7%	$5.8M-11.8%	$6.5M
Retained Earnings	-$27.4M-6.2%	-$25.8M-2.9%	-$25.1M-5.3%	-$23.8M-3.6%	-$23.0M-4.3%	-$22.0M-3.7%	-$21.2M-4.3%	-$20.3M

BLBX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.2M-347.8%	-$706K+77.7%	-$3.2M+26.1%	-$4.3M-537.2%	-$672K-568.4%	$144K
Capital Expenditures	N/A	$0-100.0%	$3K-96.0%	$66K+3.2%	$64K+4820.1%	$1K
Free Cash Flow	N/A	-$706K+77.7%	-$3.2M+27.2%	-$4.4M-490.8%	-$736K-617.6%	$142K
Investing Cash Flow	$0+100.0%	-$1.1M-133.5%	$3.3M-25.8%	$4.4M+154.6%	-$8.1M-94751.4%	$9K
Financing Cash Flow	$3.2M+136.3%	$1.3M+2488.6%	-$56K+97.3%	-$2.1M-120.8%	$10.2M+1175.0%	$800K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$510K+46.6%	-$956K+9.0%	-$1.1M-63.1%	-$644K-2541.3%	-$24K-517.0%	$6K+101.8%	-$333K+5.8%	-$354K
Capital Expenditures	N/A	N/A	N/A	N/A	$0	$0	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	-$24K-517.0%	$6K	N/A	N/A
Investing Cash Flow	$0	$0	$0	$0	$0+100.0%	-$1.1M	$0-100.0%	$3K
Financing Cash Flow	$456K-54.9%	$1.0M+15.8%	$873K+3.7%	$842K+4415.3%	-$20K-119.6%	$100K-92.2%	$1.3M+17722.2%	-$7K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BLBX Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	48.0%+4.0pp	44.0%-2.4pp	46.4%-11.7pp	58.0%-11.7pp	69.7%+5.4pp	64.3%
Operating Margin	-165.7%-36.8pp	-128.9%+41.7pp	-170.6%-78.9pp	-91.7%-54.4pp	-37.3%-25.0pp	-12.3%
Net Margin	-182.1%-46.8pp	-135.2%+14.9pp	-150.2%-48.9pp	-101.2%-58.4pp	-42.8%-32.3pp	-10.5%
Return on Equity	-78.2%-13.9pp	-64.3%-0.4pp	-63.9%+166.6pp	-230.5%-197.1pp	-33.5%	N/A
Return on Assets	-51.0%-15.9pp	-35.1%+12.4pp	-47.5%+68.3pp	-115.8%-92.3pp	-23.5%+7.2pp	-30.6%
Current Ratio	0.02-0.3	0.27-0.2	0.45-1.7	2.11-1.5	3.65+3.1	0.55
Debt-to-Equity	0.53-0.3	0.83+0.5	0.35-0.6	0.99+0.6	0.43+0.9	-0.51
FCF Margin	N/A	-27.5%+74.5pp	-102.0%-14.3pp	-87.7%-75.7pp	-12.0%-16.3pp	4.2%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	60.6%+6.9pp	53.7%+21.4pp	32.2%-9.3pp	41.6%+15.1pp	26.5%-28.2pp	54.7%+6.7pp	48.0%+3.1pp	44.9%
Operating Margin	-248.0%-185.0pp	-63.0%+157.4pp	-220.4%-69.2pp	-151.2%+0.3pp	-151.5%-38.1pp	-113.3%+7.2pp	-120.5%+12.6pp	-133.0%
Net Margin	-255.8%-152.4pp	-103.4%+141.3pp	-244.7%-103.4pp	-141.2%+21.0pp	-162.2%-41.7pp	-120.5%+7.7pp	-128.2%+4.8pp	-133.0%
Return on Equity	-28.4%-13.3pp	-15.1%+20.3pp	-35.4%-17.6pp	-17.8%-0.2pp	-17.6%-5.2pp	-12.4%+2.8pp	-15.2%-2.0pp	-13.2%
Return on Assets	-18.5%-10.3pp	-8.2%+4.7pp	-12.8%-4.8pp	-8.1%+1.5pp	-9.6%-1.8pp	-7.8%+1.1pp	-8.9%+0.7pp	-9.6%
Current Ratio	0.02-0.0	0.04-0.2	0.20-0.1	0.29+0.0	0.27-0.1	0.36+0.1	0.29+0.2	0.11
Debt-to-Equity	0.53-0.3	0.84-0.9	1.76+0.6	1.19+0.4	0.83+0.2	0.59-0.1	0.71+0.3	0.38
FCF Margin	N/A	N/A	N/A	N/A	-4.2%-5.1pp	0.9%	N/A	N/A

Note: The current ratio is below 1.0 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Blackboxstocks Inc's annual revenue?

Blackboxstocks Inc (BLBX) reported $2.4M in total revenue for fiscal year 2025. This represents a -5.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Blackboxstocks Inc's revenue growing?

Blackboxstocks Inc (BLBX) revenue declined by 5.3% year-over-year, from $2.6M to $2.4M in fiscal year 2025.

Is Blackboxstocks Inc profitable?

No, Blackboxstocks Inc (BLBX) reported a net income of -$4.4M in fiscal year 2025, with a net profit margin of -182.1%.

What is Blackboxstocks Inc's EBITDA?

Blackboxstocks Inc (BLBX) had EBITDA of -$4.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Blackboxstocks Inc's gross margin?

Blackboxstocks Inc (BLBX) had a gross margin of 48.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Blackboxstocks Inc's operating margin?

Blackboxstocks Inc (BLBX) had an operating margin of -165.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Blackboxstocks Inc's net profit margin?

Blackboxstocks Inc (BLBX) had a net profit margin of -182.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Blackboxstocks Inc's return on equity (ROE)?

Blackboxstocks Inc (BLBX) has a return on equity of -78.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Blackboxstocks Inc's operating cash flow?

Blackboxstocks Inc (BLBX) generated -$3.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Blackboxstocks Inc's total assets?

Blackboxstocks Inc (BLBX) had $8.7M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Blackboxstocks Inc have outstanding?

Blackboxstocks Inc (BLBX) had 4M shares outstanding as of fiscal year 2025.

What is Blackboxstocks Inc's current ratio?

Blackboxstocks Inc (BLBX) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Blackboxstocks Inc's debt-to-equity ratio?

Blackboxstocks Inc (BLBX) had a debt-to-equity ratio of 0.53 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Blackboxstocks Inc's return on assets (ROA)?

Blackboxstocks Inc (BLBX) had a return on assets of -51.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Blackboxstocks Inc's cash runway?

Based on fiscal year 2025 data, Blackboxstocks Inc (BLBX) had $39K in cash against an annual operating cash burn of $3.2M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Blackboxstocks Inc's Piotroski F-Score?

Blackboxstocks Inc (BLBX) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Blackboxstocks Inc's earnings high quality?

Blackboxstocks Inc (BLBX) has an earnings quality ratio of 0.71x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Blackboxstocks Inc cover its interest payments?

Blackboxstocks Inc (BLBX) has an interest coverage ratio of -34.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Blackboxstocks Inc?

Blackboxstocks Inc (BLBX) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.