Blackboxstocks (BLBX) AI Stock Analysis

• Market Cap: $51.19M
• Dividend Yield: N/A
• Average Volume (3M): 384.65K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.14
• Revenue Growth: -13.58%
• EPS Growth: -7.29%
• Country: US
• Employees: 10
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 4,305,133
• 10 Day Avg. Volume: 1,083,152
• 30 Day Avg. Volume: 384,655
• PEG Ratio: 0.07
• Price to Book (P/B): 1.38
• Price to Sales (P/S): 2.89
• P/FCF Ratio: -10.53
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 20.62
• Enterprise Value/Gross Profit: 52.73
• Enterprise Value/Ebitda: -15.89
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: $13.00 ▲(25.24% Upside)

The score is held back primarily by weak fundamentals (large losses and negative cash flow), partially offset by strong technical momentum (price above key moving averages with positive MACD). Valuation is constrained by negative earnings, while the recent governance-related corporate event is a modest positive.

Positive Factors

Recurring subscription revenue model

A subscription-based model creates predictable, recurring revenue and drives customer retention and lifetime value. For a fintech SaaS product this supports steady cash flows as base grows, enables efficient unit economics and scalable margin expansion if churn is controlled.

Very strong TTM revenue growth

A 210% TTM revenue surge signals meaningful demand and product-market fit gains. Sustained top-line expansion gives management options to invest in product, scale distribution, and pursue margin improvements; long-term value depends on converting growth into stable operating leverage.

Moderate leverage and positive equity

Moderate debt and positive equity provide financial flexibility to fund operations, complete strategic transactions, or withstand near-term losses. This capital cushion reduces immediate refinancing risk versus highly leveraged peers and supports execution while profitability is pursued.

Negative Factors

Negative operating cash flow and cash burn

Persistent negative operating and free cash flow means the business consumes cash to run and cannot self-fund growth. Over the medium term this requires external financing or equity issuance, increasing dilution risk and limiting the firm's ability to invest in margins or strategic initiatives.

Deeply negative operating and net margins

Extremely negative margins reflect that current revenues are insufficient to cover fixed and variable costs. Without durable margin recovery, profitability is distant; this constrains reinvestment, weakens returns on capital, and raises the probability of continued value erosion for shareholders.

Authorized share increase and approved stock issuance (dilution risk)

Approval to issue new shares and expand authorized stock tied to a merger is a structural capital action that creates potential dilution. If cash flows remain negative, reliance on equity for financing or merger consideration can dilute existing holders and alter long-term per-share economics.

Blackboxstocks Business Overview & Revenue Model

Company Description

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 options traders. The company is headquartered in Dallas, Texas.

How the Company Makes Money

Blackboxstocks generates revenue through a subscription-based model, where users pay a recurring fee to access its trading platform and analytics tools. The company also earns income from data analytics services and potentially through partnerships with brokerage firms or financial institutions that may integrate Blackboxstocks' technology into their own offerings. Additionally, the platform may generate revenue from advertisements or affiliate marketing agreements with related financial services.

Blackboxstocks Financial Statement Overview

Summary

Despite very strong TTM revenue growth (+210%), profitability and cash generation are very weak: gross margin has compressed, operating and net margins are deeply negative, and both operating cash flow and free cash flow remain negative. The balance sheet is comparatively better with moderate leverage and positive equity, but ongoing losses and cash burn are the primary financial risk.

Income Statement

BLBX is showing top-line momentum in TTM (Trailing-Twelve-Months) revenue growth (+210%), but profitability remains very weak. Gross margin has compressed versus prior years (TTM ~39% vs. ~43% in 2024 and ~58–70% in 2021–2022), and operating results are deeply negative (TTM operating and net margins roughly -130% and -158%). Net losses persist across the full history provided, indicating the business has not yet demonstrated a sustainable path to profitability despite the recent revenue rebound.

Balance Sheet

The balance sheet is a relative bright spot: leverage is moderate in TTM with debt-to-equity around 0.39 and positive equity (~$4.8M), which provides some financial flexibility. That said, equity has declined from 2023–2024 levels and returns on equity remain sharply negative in TTM (about -82%), reflecting continued losses and erosion of shareholder value. Overall leverage is not excessive, but ongoing losses raise the risk of further balance sheet weakening.

Cash Flow

Cash generation is a key concern. Operating cash flow and free cash flow are negative in both TTM (about -$2.7M) and 2024 (about -$0.7M), indicating the business is still consuming cash to operate. While free cash flow improved versus the prior year (TTM growth is positive), the company has not established consistent cash self-funding, and cash burn expanded materially from 2024 to TTM.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Mar 2021
Income Statement
Total Revenue	2.39M	2.57M	3.11M	4.96M	6.11M	3.37M
Gross Profit	933.66K	1.11M	1.40M	2.86M	4.24M	2.15M
EBITDA	-3.10M	-3.32M	-4.62M	-4.85M	-2.21M	731.15K
Net Income	-3.77M	-3.47M	-4.66M	-5.02M	-2.62M	-354.91K
Balance Sheet
Total Assets	8.82M	9.89M	9.83M	4.34M	11.15M	1.16M
Cash, Cash Equivalents and Short-Term Investments	93.19K	17.04K	475.65K	3.64M	10.44M	972.83K
Total Debt	1.86M	304.77K	391.85K	403.99K	1.44M	1.36M
Total Liabilities	4.03M	4.50M	2.53M	2.16M	3.33M	2.92M
Stockholders Equity	4.78M	5.39M	7.30M	2.18M	7.82M	-1.76M
Cash Flow
Free Cash Flow	-2.67M	-705.73K	-3.17M	-4.35M	-736.40K	142.28K
Operating Cash Flow	-2.67M	-705.73K	-3.17M	-4.29M	-672.49K	143.58K
Investing Cash Flow	0.00	-1.10M	3.27M	4.40M	-8.07M	8.52K
Financing Cash Flow	2.71M	1.35M	-56.38K	-2.12M	10.19M	799.55K

Blackboxstocks Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BLBX, the sentiment is Positive. The current price of 10.38 is below the 20-day moving average (MA) of 11.80, above the 50-day MA of 10.34, and above the 200-day MA of 7.60, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 60.16 is Neutral, neither overbought nor oversold. The STOCH value of 82.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BLBX.

Blackboxstocks Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BLBX	57 Neutral	$51.19M	-11.84	-68.14%	―	-13.58%	-7.29%
CREX	54 Neutral	$33.45M	-3.70	-36.46%	―	-18.37%	-1304.71%
BMR	47 Neutral	$26.85M	-5.84	-22.65%	―	5.96%	-156.04%
VBIX	44 Neutral	$18.25M	-0.53	-301.51%	―	-72.01%	12.96%
CYN	43 Neutral	$11.64M	>-0.01	-166.00%	―	347.74%	84.88%

Blackboxstocks Corporate Events

Blackboxstocks Shareholders Approve Merger Proposals, Reject Reverse Split

On January 30, 2026, Blackboxstocks Inc. held a special meeting of stockholders to vote on a series of proposals tied to its planned merger with REalloys Inc. under an Agreement and Plan of Merger originally signed on March 10, 2025 and subsequently amended several times in 2025. Shareholders approved the issuance of new common stock associated with the merger and the resulting change of control under Nasdaq rules, a new 2025 long-term incentive plan, an increase in authorized common shares from 100 million to 350 million, and the potential adjournment of the meeting if additional proxies were needed. However, a proposed reverse stock split of the company’s common shares, at a ratio between 1-for-2 and 1-for-5, failed to obtain the required separate majority approval of the outstanding common stockholders, even though it received sufficient overall voting stock support. The mixed outcome allows Blackboxstocks to proceed with key elements of the REalloys merger and capital expansion, while leaving its share count and trading dynamics unchanged in the absence of an approved reverse split, highlighting differing preferences between common and preferred shareholders over capital structure adjustments.

The most recent analyst rating on (BLBX) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Blackboxstocks stock, see the BLBX Stock Forecast page.

Blackboxstocks Shareholders Approve Directors and Auditor Slate

On February 2, 2026, Blackboxstocks Inc. held its 2025 Annual Meeting of Stockholders, at which shareholders elected five directors—Gust Kepler, Robert Winspear, Keller Reid, Grant Evans and Dalya Sulaiman—to serve until the 2026 Annual Meeting or until their successors are duly chosen and qualified. Shareholders also ratified the appointment of Victor Mokuolu CPA PLLC as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, with all proposals receiving the requisite level of support, signaling solid governance continuity and investor backing for the company’s board and audit oversight arrangements.

The most recent analyst rating on (BLBX) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Blackboxstocks stock, see the BLBX Stock Forecast page.

Blackboxstocks Announces Third Amendment to Merger Agreement

On December 10, 2025, Blackboxstocks Inc., a Nevada corporation, announced a Third Amendment to its Merger Agreement with REalloys Inc. This amendment involves revising the definition of ‘Shares’ and clarifying the Option Rights and Option Consideration, as well as adding a restrictive covenant regarding the transfer of shares. This development is part of a series of amendments aimed at refining the merger terms and ensuring clarity in the agreement, which could impact the company’s operational strategies and stakeholder interests.

The most recent analyst rating on (BLBX) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Blackboxstocks stock, see the BLBX Stock Forecast page.

Blackboxstocks Sets Record Date for Annual Meeting

Blackboxstocks Inc. has announced that the 2025 Annual Meeting of Stockholders will be held on February 2, 2026, with December 10, 2025, set as the record date for determining stockholders entitled to vote. The company has outlined deadlines for nominations and shareholder proposals, emphasizing compliance with SEC rules and regulations.

The most recent analyst rating on (BLBX) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Blackboxstocks stock, see the BLBX Stock Forecast page.