Blackboxstocks Reports $2.43 Million Revenue for Fiscal Year 2025, Plans Merger with REalloys Inc.

Blackboxstocks Inc. has reported its financial performance for the fiscal year ending December 31, 2025, revealing a revenue of $2.43 million, a decrease of 5.3% from $2.57 million in 2024. The decline in revenue was primarily attributed to a reduction in subscription numbers, which averaged 2,897 for the year, down 3.4% from the previous year. Despite this, the company noted an increase in gross margin percentage from 44% to 48%, driven by lower costs associated with data feeds. Operating expenses rose to $5.19 million, a 17% increase from $4.44 million in 2024, largely due to higher selling, general, and administrative costs, including a significant rise in stock-based compensation.

In terms of strategic developments, Blackboxstocks is in the process of completing a merger with REalloys Inc., which was announced on March 10, 2025. This merger is expected to significantly alter the company's structure, with REalloys stockholders anticipated to own approximately 92.7% of the combined entity post-merger. The merger is subject to various conditions, including regulatory approvals and stockholder votes, and is expected to enhance Blackboxstocks' access to capital markets. The company has also initiated a new tiered pricing model for its subscription services, which aims to attract a broader customer base.

Operationally, Blackboxstocks has made strides in expanding its educational offerings through the launch of Blackbox Academy, which provides both free and paid courses aimed at enhancing trading skills among its users. The company has also migrated its billing and subscription management to Stripe, improving operational efficiency. As of February 19, 2026, Blackboxstocks had ten full-time employees and seven contract workers, reflecting a stable workforce as it continues to develop its platform.

Looking ahead, Blackboxstocks has expressed optimism regarding its future growth, particularly with the anticipated benefits of the merger with REalloys. The company believes that the merger will provide greater access to capital and enhance its market position. However, it also acknowledges the risks associated with the merger process, including potential delays and the need to meet various closing conditions. The company has indicated that it will continue to focus on expanding its product offerings and improving user engagement to drive revenue growth in the coming years.