BXBLNasdaqGeneral Bldg Contractors - Residential BldgsUS GAAP · USD

BOXABL Inc.

BOXABL Inc. is a U.S.-based residential construction company developing factory-built modular homes and building systems. Its model centers on producing standardized, transportable dwelling units that can be assembled and installed more efficiently than conventionally built homes, with operations focused on the United States.

Liikevoitto (EBIT)−1,0milj. USD
−3 660,8 %v/v
Nettotulos1,4milj. USD
+5 620,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2024–2025

−1,0−0,8−0,6−0,4−0,20,0milj. USD2024: EBIT −0,03 milj. USD20242025: EBIT −0,97 milj. USD2025−0,97
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Modular homes70 %

Standardized factory-built residential units such as the BOXABL Casita.

Custom and expandable housing15 %

Configurable modular designs intended for larger or changing household needs.

Building systems and components10 %

Prefabricated structural and construction components used in BOXABL housing.

Delivery and installation services5 %

Logistics, site coordination and installation support associated with home deployment.

Asiakkaat

BOXABL targets individual homebuyers seeking more standardized and potentially faster-to-deploy housing than conventional construction provides. Other potential customers include developers, landlords, government or institutional housing programs, and commercial partners requiring repeatable residential units. Demand is linked to housing affordability, labor availability, construction timelines and the suitability of modular homes for local permitting and site conditions.

Individual homebuyers

Purchase modular homes for primary residences, accessory dwellings or lower-cost housing.

Residential developers

Buy or deploy repeatable housing units to shorten development timelines and manage labor needs.

Rental property owners

Use modular units to expand rental inventory with standardized construction and deployment.

Government and institutional buyers

May procure modular housing for affordable housing, workforce housing or emergency applications.

Strategic construction partners

Use BOXABL systems, components or installation capabilities in broader building programs.

Strategia

BOXABL's strategic direction is to commercialize standardized modular housing at greater scale while using factory production to improve repeatability and construction efficiency. The proposed merger with FGMC is intended to provide a public-company structure and capital-market access, although completion remains subject to shareholder, regulatory, registration and listing conditions. Building a distribution, installation and permitting network is important because factory capacity alone does not determine completed-home sales.

Scale modular housing productionKeskipitkä aikaväli

Higher repeatability can support faster delivery and more consistent construction economics.

Build deployment infrastructureKeskipitkä aikaväli

Delivery, site preparation, permitting and installation determine whether units become completed homes.

Broaden customer channelsPitkä aikaväli

Developer, rental and institutional channels can create larger and more repeatable orders than individual sales.

Advance the proposed business combinationLyhyt aikaväli

A completed transaction could provide public-market access and a broader capital base for expansion.

Maantiede

BOXABL is a United States-focused residential construction business, and the available reports do not disclose country-level revenue or regional revenue percentages. Manufacturing, delivery, permitting and installation are therefore primarily exposed to U.S. housing markets and local building-code requirements. Expansion beyond the United States would add logistics, regulatory, certification and localization requirements.

Riskit

BOXABL faces execution risk because modular housing requires coordination among manufacturing, transportation, site work, permitting and installation; weakness in any link can delay or prevent revenue conversion. The proposed FGMC transaction may not close because of approval, registration, regulatory, listing or other contractual conditions, and its agreement end date was extended to July 31, 2026. The business also remains exposed to housing cycles, construction-input costs, interest rates, building codes and the capital required to scale manufacturing.

Järjestetty vakavuuden mukaan
Proposed FGMC merger fails to closeKriittinen

The agreement requires shareholder approvals, an effective registration statement, regulatory clearance and exchange-listing approval.

Kohdistuu: Public-company access and expected transaction consideration

Manufacturing scale-up executionKorkea

Growing production requires reliable facilities, labor, suppliers, quality controls and working capital.

KohdistuuCapacity utilizationDelivery timingUnit economics
Permitting and zoning constraintsKorkea

Modular units remain subject to local building codes, land-use rules and site-specific approvals.

Kohdistuu: Order conversion and installation schedules

Housing-market cyclicalityKorkea

Mortgage rates, consumer confidence and housing affordability affect residential purchase decisions.

Kohdistuu: Demand and order volumes

Construction input and logistics costsKeskitaso

Materials, labor, transportation and site preparation can reduce the cost advantage of factory production.

KohdistuuPricingMarginsProject profitability

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for modular homes

The timing of control transfer at shipment, delivery or installation can materially change reported revenue and contract assets.

Vaikutus: Revenue timing and period-to-period comparability

Inventory and production-cost accounting

Unsold units, raw materials and work in process require estimates of recoverable value and expected selling prices.

Vaikutus: Inventory balances, cost of sales and write-downs

Warranty and completion provisions

Defect, installation and remaining-site-work estimates may be required for delivered or partially completed homes.

Vaikutus: Accrued liabilities and operating expenses

Business-combination accounting

The proposed merger requires judgments about the accounting acquirer, fair values, equity issuance and transaction costs.

Vaikutus: Goodwill, identifiable assets, liabilities and shareholders' equity

SPAC trust-account and redemption accounting

FGMC filings identify trust investments, redemption features and sponsor-related arrangements before the combination.

Vaikutus: Cash, temporary equity, liabilities and non-operating income

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 8.9.2026