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BLBX

Blackboxstocks Inc.

BLBX

Blackboxstocks Inc. • NASDAQ
$6.98 ▲ 9.40% (+0.60)
Market Cap $25.29 M
52w High $17.75
52w Low $1.51
Dividend Yield 0%
P/E -6.71
Volume 43.58K
Outstanding Shares 3.62M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $696.995K ▲ $811.745K ▼ $-720.607K ▲ -103.388% ▲ $-0.19 ▲ $-343.655K ▲
Q2-2025 $518.783K ▼ $1.309M ▲ $-1.269M ▼ -244.663% ▼ $-0.35 ▼ $-1.142M ▼
Q1-2025 $587.078K ▲ $1.13M ▲ $-829.133K ▲ -141.23% ▲ $-0.23 ▲ $-728.207K ▲
Q4-2024 $584.972K ▼ $1.039M ▼ $-948.74K ▼ -162.186% ▼ $-0.27 ▼ $-883.931K ▼
Q3-2024 $647.842K $1.086M $-780.833K -120.528% $-0.22 $-731.63K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $93.186K ▲ $8.819M ▼ $4.034M ▼ $4.784M ▲
Q2-2025 $38.164K ▼ $9.881M ▼ $6.296M ▲ $3.585M ▼
Q1-2025 $215.346K ▲ $10.237M ▲ $5.569M ▲ $4.668M ▼
Q4-2024 $17.036K ▼ $9.891M ▼ $4.496M ▲ $5.394M ▼
Q3-2024 $60.921K $9.955M $3.68M $6.275M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-720.607K ▲ $-955.89K ▲ $0 $1.011M ▲ $55.022K ▲ $-955.89K ▲
Q2-2025 $-1.269M ▼ $-1.05M ▼ $0 $872.951K ▲ $-177.182K ▼ $-1.05M ▼
Q1-2025 $-829.133K ▲ $-643.73K ▼ $0 $842.04K ▲ $198.31K ▲ $-643.73K ▼
Q4-2024 $-948.74K ▼ $-24.372K ▼ $0 ▲ $-19.513K ▼ $-43.885K ▲ $-24.372K ▼
Q3-2024 $-780.833K $5.844K $-1.1M $99.594K $-994.561K $5.85K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Subscription and Circulation
Subscription and Circulation
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement The reported income statement over the last few years shows essentially no meaningful revenue from operations, paired with ongoing losses per share. That suggests the legacy software business never reached real commercial scale or has been largely wound down. Profitability has not been demonstrated, and there is no sign yet of a stable, recurring revenue base. Overall, the income profile looks more like a development-stage or transitioning company than an established software platform with mature sales.

Balance Sheet

Balance Sheet The balance sheet appears very thin, with only modest total assets and equity and no visible debt. On the positive side, the lack of borrowings limits financial leverage risk. However, the very small asset base also highlights how constrained the company is in terms of resources. This supports the view that Blackboxstocks is more of a corporate vehicle in transition than a capital-rich operating business. Any future strength will largely depend on the incoming REalloys operations rather than the legacy balance sheet of BLBX itself.

Cash Flow

Cash Flow Reported cash flow figures are essentially flat, with no clear pattern of operating cash generation or investment. That usually means historical operations have not produced meaningful surplus cash and that capital spending has been minimal. From a risk perspective, this implies strong reliance on external funding or corporate transactions to support the business, rather than internally generated cash. Future cash dynamics will depend far more on the rare earths business after the merger than on the historical fintech platform.

Competitive Edge

Competitive Edge In its original form, Blackboxstocks competed in a crowded fintech and trading-tools market. Its strengths were a specialized focus on active traders, real-time analytics, and an integrated social community that created loyalty and “stickiness.” This gave it a niche position, but not the scale of the largest brokerage or data platforms. With the planned merger, the company’s competitive landscape shifts dramatically from fintech into rare earth materials, where success will depend on REalloys’ mining, processing, and supply-chain capabilities. That represents both an opportunity to tap into a strategically important sector and a major change in the type of competition the company will face.

Innovation and R&D

Innovation and R&D Historically, innovation centered on an AI-driven trading platform, proprietary market-scanning algorithms, options flow and dark-pool tools, and a strong educational and social layer. These features gave retail traders access to more institutional-style analytics and helped differentiate Blackboxstocks from standard charting or brokerage apps. Looking ahead, the main innovation story likely migrates to REalloys’ ability to build a competitive rare earths supply chain. The fintech platform is expected to live on as a subsidiary, but its long-term role is uncertain, especially given the stated possibility that it could eventually be sold. In other words, past innovation has been software and data-centric, while future innovation, if successful, will be in materials, processing, and industrial partnerships.

Summary

Blackboxstocks is at a turning point. The historical financials suggest a small, loss-making fintech business that has not scaled commercially, with a very light balance sheet and no evident cash-generation track record. The strategic merger with REalloys effectively redefines the company into a rare earth materials play, with legacy fintech operations pushed into a secondary role. This brings potential upside tied to a critical, geopolitically important sector, but also introduces mining and execution risk and significant uncertainty about how – or whether – the original trading platform will contribute to long-term value. Anyone following BLBX needs to think of it less as a pure software application company and more as an evolving vehicle whose future now hinges on the success of the REalloys strategy and the eventual fate of the fintech subsidiary.

NEWS

October 29, 2025 · 8:32 AM UTC

Blackboxstocks Inc (NASDAQ: BLBX) Merger Target, REalloys Secures $200 Million Letter of Interest from U.S. EXIM Bank to Advance North America's First Fully Integrated Mine-to-Magnet Supply Chain

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October 29, 2025 · 8:30 AM UTC

Blackboxstocks, Inc (NASDAQ: BLBX) Merger Target, REalloys Secures $200 Million Letter of Interest from U.S. EXIM Bank to Advance North America's First Fully Integrated Mine-to-Magnet Supply Chain

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October 22, 2025 · 8:30 AM UTC

Blackboxstocks Inc. (NASDAQ: BLBX) Merger Target REAlloys Inc. and Japan's JOGMEC Sign Strategic MOU to Strengthen U.S., Japan Rare Earth Supply Chain

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October 22, 2025 · 8:30 AM UTC

Blackboxstocks Inc. (NASDAQ: BLBX) Merger Target REAlloys Inc. and Japanese Government's ‘JOGMEC' Sign Strategic MOU to Strengthen U.S., Japan Rare Earth Supply Chain

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October 13, 2025 · 8:32 AM UTC

Blackboxstocks Inc. (NASDAQ: BLBX) Announces its Merger Target REalloys inks LOI for a 10-Year Offtake Agreement for 15% of Tanbreez Production with Critical Metals Corp. (NASDAQ: CRML) to Strengthen North American Rare Earth Independence

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