BLBX

MKT CAP:$37M

Blackboxstocks Inc.

Market Cap

$37M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$9.00-$0.66 (-6.83%)

Apr 23, 2026

Company Details

Blackboxstocks Inc. develops and markets financial technology and social media hybrid platform. It offers Blackbox System, a subscription-based software as a service that provides real-time proprietary analytics and news for stock and optio...

CEO

Gust C. Kepler

IPO Date

Aug 1, 2016

Website

www.blackboxstocks.com

Key Metrics TTM

Revenue

$2M

-5.3% YoY

Net Income

-$4M

EPS (Diluted)

-$1.17

Free Cash Flow

-$4M

Revenue / Share

$0.64

Gross Margin

47.8%

Operating Margin

-165.7%

Net Margin

-182.1%

FCF Margin

-169.3%

P/S

15.1x

P/E

—

Earnings Reports

FY 2025

Feb 23, 2026

$2M-5.3%EPS -$1.17

Q4 2025

Feb 23, 2026

$628.4K+7.4%EPS -$0.40

Q3 2025

Oct 16, 2025

$697.0K+7.6%EPS -$0.19

Q2 2025

Aug 14, 2025

$518.8K-24.2%EPS -$0.35

Q1 2025

May 15, 2025

$587.1K-9.6%EPS -$0.23

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1M	$687.2K	-$1M
Q2 22	$1M	$894.0K	-$1M
Q3 22	$1M	$720.6K	-$1M
Q4 22	$1M	$553.6K	-$1M
Q1 23	$859.0K	$400.9K	-$2M
Q2 23	$737.4K	$299.7K	-$1M
Q3 23	$728.5K	$389.4K	-$869.2K
Q4 23	$781.2K	$306.4K	-$1M
Q1 24	$649.4K	$283.1K	-$864.0K
Q2 24	$684.7K	$325.7K	-$824.9K
Q3 24	$647.8K	$351.9K	-$734.2K
Q4 24	$585.0K	$153.0K	-$886.0K
Q1 25	$587.1K	$242.2K	-$887.7K
Q2 25	$518.8K	$165.6K	-$1M
Q3 25	$697.0K	$372.9K	-$438.9K
Q4 25	$628.4K	$380.7K	-$2M

Valuation

Quarter	P/S	P/E
Q1 22	6.2x	—
Q2 22	6.3x	—
Q3 22	6.6x	—
Q4 22	7.4x	—
Q1 23	8.1x	—
Q2 23	9.4x	—
Q3 23	10.8x	—
Q4 23	11.8x	—
Q1 24	12.6x	—
Q2 24	12.9x	—
Q3 24	13.2x	—
Q4 24	14.3x	—
Q1 25	14.6x	—
Q2 25	15.6x	—
Q3 25	15.3x	—
Q4 25	15.1x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$793.2K	-$793.2K
Q2 22	-$1M	-$1M
Q3 22	-$1M	-$1M
Q4 22	-$791.8K	-$794.3K
Q1 23	-$1M	-$1M
Q2 23	-$1M	-$1M
Q3 23	-$482.2K	-$481.9K
Q4 23	$33.3K	$33.3K
Q1 24	-$353.8K	-$353.8K
Q2 24	-$333.4K	-$333.4K
Q3 24	$5.8K	$5.8K
Q4 24	-$24.4K	-$24.4K
Q1 25	-$643.7K	-$643.7K
Q2 25	-$1M	-$1M
Q3 25	-$955.9K	-$955.9K
Q4 25	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q2 22	$30.6K
Q3 22	$32.9K
Q4 22	$2.5K
Q1 23	$0
Q2 23	$2.9K
Q3 23	$278
Q4 23	$0
Q1 24	$0
Q2 24	$5
Q3 24	$5
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-14.6%	+70.6%
Q2 22	-4.4%	+62.4%
Q3 22	-17.2%	+22.7%
Q4 22	-36.7%	-36.3%
Q1 23	-32.5%	+22.3%
Q2 23	-47.3%	-15.6%
Q3 23	-40.2%	-33.9%
Q4 23	-26.9%	-17.7%
Q1 24	-24.4%	-46.1%
Q2 24	-7.1%	-30.4%
Q3 24	-11.1%	-13.5%
Q4 24	-25.1%	-19.7%
Q1 25	-9.6%	-2.6%
Q2 25	-24.2%	+10.1%
Q3 25	+7.6%	-17.8%
Q4 25	+7.4%	+48.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$122.0K	9.6%
Q2 22	$126.2K	9.0%
Q3 22	$117.1K	9.6%
Q4 22	$0	0.0%
Q1 23	$768.1K	89.4%
Q2 23	$405.6K	55.0%
Q3 23	$156.3K	21.5%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$81.7K	12.6%
Q4 24	$0	0.0%
Q1 25	$53.2K	9.1%
Q2 25	$186.5K	35.9%
Q3 25	$40.4K	5.8%
Q4 25	$1M	172.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$184.9K	—	—	$2M
Q2 22	$345.0K	—	—	$2M
Q3 22	$302.3K	—	—	$2M
Q4 22	$371.0K	—	—	$1M
Q1 23	$355.0K	—	—	$2M
Q2 23	$227.3K	—	—	$2M
Q3 23	$173.7K	—	—	$1M
Q4 23	$167.8K	—	—	$1M
Q1 24	$108.4K	—	—	$1M
Q2 24	$100.6K	—	—	$1M
Q3 24	$101.9K	—	—	$984.2K
Q4 24	$107.0K	—	—	$932.0K
Q1 25	$106.0K	—	—	$1M
Q2 25	$102.9K	—	—	$1M
Q3 25	$106.6K	—	—	$705.1K
Q4 25	—	$2M	$81.7K	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	-14.6%	-93.9%	-108.5
Q2 22	-4.4%	-90.6%	-95.0
Q3 22	-17.2%	-103.5%	-120.6
Q4 22	-36.7%	-105.6%	-142.3
Q1 23	-32.5%	-220.0%	-252.5
Q2 23	-47.3%	-191.7%	-239.0
Q3 23	-40.2%	-90.7%	-130.9
Q4 23	-26.9%	-84.1%	-110.9
Q1 24	-24.4%	-131.7%	-156.1
Q2 24	-7.1%	-124.4%	-131.6
Q3 24	-11.1%	-112.9%	-124.0
Q4 24	-25.1%	-151.1%	-176.2
Q1 25	-9.6%	-124.0%	-133.6
Q2 25	-24.2%	-220.1%	-244.3
Q3 25	7.6%	-49.3%	-41.7
Q4 25	7.4%	-233.4%	-226.0

Rule of 40

Revenue Segments

Quarter	Product and Service, Other	Subscription and Circulation
Q1 22	$1.6K	$1M
Q2 22	$3.7K	$1M
Q3 22	$8.7K	$1M
Q1 23	$4.0K	$855.0K
Q2 23	$2.8K	$734.6K
Q3 23	$1.3K	$727.2K
Q1 24	$650	$648.8K
Q2 24	$760	$684.0K
Q3 24	$1.1K	$646.8K
Q4 24	$1.2K	$583.7K
Q1 25	$25.0K	$562.1K
Q2 25	$103	$518.7K
Q3 25	$52.7K	$644.3K
Q4 25	$6.0K	$622.4K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$651.5K	$8M	$9M
Q2 22	$335.1K	$7M	$7M
Q3 22	$643.5K	$5M	$5M
Q4 22	$425.6K	$3M	$4M
Q1 23	$249.8K	$2M	$2M
Q2 23	$272.6K	$673.2K	$945.7K
Q3 23	$463.3K	$2.3K	$465.6K
Q4 23	$472.7K	$3.0K	$475.7K
Q1 24	$115.0K	$0	$115.0K
Q2 24	$1M	$0	$1M
Q3 24	$60.9K	$0	$60.9K
Q4 24	$17.0K	$0	$17.0K
Q1 25	$215.3K	$0	$215.3K
Q2 25	$38.2K	$0	$38.2K
Q3 25	$93.2K	$0	$93.2K
Q4 25	$39.2K	$0	$39.2K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	3M	+12.1%	-4.3%
Q2 22	3M	+0.0%	+53.7%
Q3 22	3M	0.0%	+35.7%
Q4 22	3M	+0.0%	+12.2%
Q1 23	3M	+0.2%	+0.3%
Q2 23	3M	-4.4%	-4.2%
Q3 23	3M	+1.2%	-3.0%
Q4 23	3M	+0.4%	-2.7%
Q1 24	3M	+0.4%	-2.5%
Q2 24	3M	+0.1%	+2.1%
Q3 24	4M	+9.0%	+10.1%
Q4 24	4M	+0.5%	+10.1%
Q1 25	4M	+0.4%	+10.1%
Q2 25	4M	+2.4%	+12.6%
Q3 25	4M	+4.1%	+7.6%
Q4 25	4M	+0.3%	+7.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$84.8K	15
Q2 22	$93.3K	15
Q3 22	$81.3K	15
Q4 22	$76.3K	14
Q1 23	$61.4K	14
Q2 23	$52.7K	14
Q3 23	$52.0K	14
Q4 23	$78.1K	10
Q1 24	$64.9K	10
Q2 24	$68.5K	10
Q3 24	$64.8K	10
Q4 24	$58.5K	10
Q1 25	$58.7K	10
Q2 25	$51.9K	10
Q3 25	$69.7K	10
Q4 25	$62.8K	10

Revenue / Employee