Boxabl's first quarterly report as a public company is now indefinitely late

A two-step delay

Boxabl filed a Notification of Late Filing (Form NT 10-Q) on August 17, 2026, telling the SEC it could not submit its Q2 2026 quarterly report on time because of accounting complexity from the July 17 business combination with FG Merger II Corp. The company said it expected to file within the five-day extension provided by SEC Rule 12b-25, which put the expected date around August 22.

It did not make that window. On August 20, Boxabl filed a separate Form 8-K disclosing it still cannot file the 10-Q. The stated reason: valuing the "OTC Equity Prepaid Forward Transaction" — a financial instrument created as part of the SPAC merger — requires "significant judgment and complex valuation inputs, including estimates of stock price volatility and other assumptions." The company now says it will file "as soon as reasonably practicable." No date is committed.

Both filings are public record on SEC EDGAR. All figures below come directly from the NT 10-Q filing.

What the filings already disclose

The NT 10-Q contained estimated results that are already public, because companies must disclose anticipated significant changes when filing a late notice.

Six months ended June 30, 2026:

• Net loss (estimated): approximately $3.9 million, compared to net income of approximately $0.9 million for the same period in 2025
• General and administrative expenses: approximately $4.8 million, substantially all of which are legal, accounting and advisory costs related to the business combination, compared to approximately $0.2 million in H1 2025

Q2 2026 alone:

• Net loss (estimated): approximately $4.2 million, compared to net income of approximately $0.6 million for Q2 2025

The losses are one-time merger overhead, not product revenue declines. The NT 10-Q does not contain units produced, units delivered or backlog figures — those will appear in the full 10-Q once it is filed.

What buyers should actually watch in the full report

The merger-related G&A lines are not what a Casita buyer should focus on. The figures worth extracting once the complete filing arrives are:

• Units produced vs. units delivered for Q2 2026. The gap between these two numbers describes the practical order-to-occupancy pipeline.
• Revenue per unit. Checks whether the $60,000 published base price is what buyers are actually paying.
• Customer deposit balance. The size and direction of the order book gives the most honest picture of real demand.
• State approvals and installer agreements. Any disclosures about new markets or dealer relationships.

What this means as a buyer today

One of the practical benefits of Boxabl's Nasdaq listing was mandatory quarterly disclosure — the ability to check production and delivery numbers in audited filings rather than relying on press releases. That first report is now past its promised extension deadline with no new date given. It will arrive eventually, and nothing in the delay filings suggests a product problem; the stated cause is the financial instrument complexity of the SPAC transaction.

Buyers who are weighing a deposit and wanted to check Q2 production numbers before committing will need to wait. Watch SEC EDGAR under BXBL (CIK 0001906364) for the filing when it appears.

This article contains no investment opinion. All financial figures are taken verbatim from SEC filings.