Blackboxstocks (BLBX) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 384.65K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.19
• 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: 4,480,437
• 10 Day Avg. Volume: 1,083,152
• 30 Day Avg. Volume: 384,655
• PEG Ratio: -0.51
• Price to Book (P/B): 5.43
• Price to Sales (P/S): 12.65
• P/FCF Ratio: -9.73
• Enterprise Value/Market Cap: 10.00T>
• Enterprise Value/Revenue: 27.13
• Enterprise Value/Gross Profit: 56.56
• Enterprise Value/Ebitda: -17.92
• 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: 53 Neutral
• Price Target: $18.50 ▲(78.23% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is held back primarily by weak financial performance (deep losses and ongoing cash burn), partially offset by strong technical momentum and positive-but-complex corporate developments (merger/rebrand and governance changes). Valuation is not supportive because the company is currently loss-making and no dividend yield is provided.

Positive Factors

Low leverage / balance sheet flexibility

A low debt-to-equity profile and positive equity provide durable financial flexibility, lowering short-term solvency risk and giving management runway to pursue integration or strategic initiatives without immediate refinancing pressure. This supports weathering operating losses while pursuing restructuring or growth.

Subscription-based recurring revenue model

A recurring subscription model creates predictable revenue streams and customer lifetime value potential, enabling incremental margin expansion as fixed platform costs are spread. Durable subscription dynamics support retention, upsells and partnerships, improving long-term cash flow visibility if user growth stabilizes.

Relatively high software gross margins

Near 50% gross margins are characteristic of scalable software and imply attractive unit economics once operating expenses are controlled. If management can slow SG&A growth and leverage platform scale, gross margins support a path to profitability and improved returns on incremental revenue.

Negative Factors

Persistent cash burn

Sustained negative operating and free cash flow erode runway and force reliance on external capital or dilution to fund operations and strategic moves. Cash burn constrains reinvestment, increases financing risk, and magnifies execution risk for any integration or pivot, affecting long-term viability unless reversed.

Deep operating losses and negative margins

Very large operating losses relative to revenue signal a structural mismatch between costs and scale. Deep negative margins limit internal funding of growth, make profitability contingent on substantial revenue gains or cost cuts, and increase dependence on external financing, raising long-term execution risk.

Merger, control shift and dilution risk

A completed merger that hands >90% ownership to incoming holders and installs a new board is a structural change that can alter strategy, priorities and capital allocation. The pivot toward a vertically integrated heavy rare earth platform and complex share exchanges create integration, dilution and execution risks for legacy fintech operations.

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

Overall fundamentals are weak: revenue has been volatile with limited growth, operating losses are very large versus revenue and net margins are deeply negative, and operating/free cash flow remain negative (ongoing cash burn). The key offset is a relatively low-leverage balance sheet with positive equity in recent years, which reduces near-term solvency risk but does not fix profitability.

Income Statement

Revenue has been volatile and generally trending down from 2021–2024, with only a modest rebound in 2025 (annual revenue growth of ~1.8%). Profitability remains a major issue: gross margin is still decent (~48% in 2025), but operating losses are very large relative to revenue and net margins are deeply negative (about -182% in 2025), indicating the cost structure is not yet scaled to the revenue base. The only clear positive in the period is that losses have not been strictly linear (e.g., 2024 net loss was smaller than 2023), but 2025 deteriorated again.

Balance Sheet

Leverage appears manageable with low debt relative to equity in recent years (debt-to-equity ~0.04 in 2025 and ~0.06 in 2024), which reduces near-term balance sheet risk. Equity is positive and sizable in 2023–2025, supporting financial flexibility. The main weakness is persistent negative returns on equity (e.g., 2024 and 2023), reflecting ongoing losses; additionally, the company previously had negative equity in 2020, highlighting that capital structure quality has improved but is not immune to sustained burn.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in most years (including a large outflow in 2025 of about -$3.16M). While free cash flow improved significantly versus the prior year in 2025 (strong positive growth off a depressed base), the business is still funding operations with cash burn rather than internally generated cash. A bright spot is that free cash flow has generally tracked net income directionally (losses accompanied by outflows), but the magnitude of outflows remains a key constraint.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022
Income Statement
Total Revenue	2.43M	2.57M	3.11M	4.96M	6.11M
Gross Profit	1.17M	1.11M	1.40M	2.86M	4.24M
EBITDA	-3.96M	-3.32M	-4.62M	-4.85M	-2.21M
Net Income	-4.43M	-3.47M	-4.66M	-5.02M	-2.62M
Balance Sheet
Total Assets	8.62M	9.89M	9.83M	4.34M	11.15M
Cash, Cash Equivalents and Short-Term Investments	39.16K	17.04K	475.65K	3.64M	10.44M
Total Debt	228.78K	304.77K	391.85K	403.99K	1.44M
Total Liabilities	3.03M	4.50M	2.53M	2.16M	3.33M
Stockholders Equity	5.66M	5.39M	7.30M	2.18M	7.82M
Cash Flow
Free Cash Flow	-3.16M	-705.73K	-3.17M	-4.35M	-736.40K
Operating Cash Flow	-3.16M	-705.73K	-3.17M	-4.29M	-672.49K
Investing Cash Flow	0.00	-1.10M	3.27M	4.40M	-8.07M
Financing Cash Flow	3.18M	1.35M	-56.38K	-2.12M	10.19M

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 12.29, below the 50-day MA of 10.75, and above the 200-day MA of 7.80, indicating a bullish trend. The MACD of 1.23 indicates Negative momentum. The RSI at 63.59 is Neutral, neither overbought nor oversold. The STOCH value of 84.16 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%
CREX	54 Neutral	$36.50M	―	-36.46%	―	-18.37%	-1304.71%
BLBX	53 Neutral	―	-13.94	-68.14%	―	-13.58%	-7.29%
BMR	47 Neutral	$26.46M	-6.31	-22.65%	―	5.96%	-156.04%
VBIX	44 Neutral	$18.14M	-0.52	-301.51%	―	-72.01%	12.96%
CYN	43 Neutral	$11.64M	>-0.01	-166.00%	―	347.74%	84.88%

Blackboxstocks Corporate Events

Blackboxstocks Completes Merger and Rebrands as REalloys Inc.

On February 24, 2026, Blackboxstocks Inc. completed its merger with private REalloys Inc., changed its name to REalloys Inc., and began the process to trade on Nasdaq under the ticker ALOY, issuing new common and preferred shares, contingent value rights linked to its legacy Blackbox.io business, and assuming warrants and SAFEs as part of a complex share-exchange structure. The closing left former REalloys holders with roughly 92.2% of the 57.1 million shares outstanding, installed a largely new nine-member board and long-term incentive plan, and was accompanied by indemnification agreements for directors and officers, positioning the company as a zero‑China, vertically integrated heavy rare earth platform aligned with U.S. national security and defense supply-chain priorities.

The most recent analyst rating on (BLBX) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Blackboxstocks stock, see the BLBX Stock Forecast page.

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.