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Box Inc Financials

BOX
Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows Box Inc (BOX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Cash-Backed
3.09x

For every $1 of reported earnings, Box Inc generates $3.09 in operating cash flow ($356.4M OCF vs $115.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
7.8x

Box Inc earns $7.8 in operating income for every $1 of interest expense ($83.2M vs $10.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.2B
YoY+8.0%
5Y CAGR+8.8%
10Y CAGR+14.5%

Box Inc generated $1.2B in revenue in fiscal year 2026. This represents an increase of 8.0% from the prior year.

EBITDA
$116.1M
YoY+14.1%
5Y CAGR+25.1%

Box Inc's EBITDA was $116.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.1% from the prior year.

Net Income
$115.4M
YoY-52.8%

Box Inc reported $115.4M in net income in fiscal year 2026. This represents a decrease of 52.8% from the prior year.

EPS (Diluted)
$0.58
YoY-57.4%

Box Inc earned $0.58 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 57.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$350.4M
YoY+6.3%

Box Inc generated $350.4M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 6.3% from the prior year.

Cash & Debt
N/A
Dividends Per Share
N/A
Shares Outstanding
138M
YoY-4.4%
5Y CAGR-2.8%

Box Inc had 138M shares outstanding in fiscal year 2026. This represents a decrease of 4.4% from the prior year.

Margins & Returns

Gross Margin
79.2%
YoY+0.1pp
5Y CAGR+8.4pp
10Y CAGR+8.0pp

Box Inc's gross margin was 79.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin
7.1%
YoY-0.2pp
5Y CAGR+11.9pp
10Y CAGR+73.5pp

Box Inc's operating margin was 7.1% in fiscal year 2026, reflecting core business profitability. This is down 0.2 percentage points from the prior year.

Net Margin
9.8%
YoY-12.6pp
5Y CAGR+15.4pp
10Y CAGR+76.8pp

Box Inc's net profit margin was 9.8% in fiscal year 2026, showing the share of revenue converted to profit. This is down 12.6 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
$294.5M
YoY+11.2%
5Y CAGR+7.9%
10Y CAGR+11.1%

Box Inc invested $294.5M in research and development in fiscal year 2026. This represents an increase of 11.2% from the prior year.

Share Buybacks
$289.8M
YoY+37.3%

Box Inc spent $289.8M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 37.3% from the prior year.

Capital Expenditures
$6.1M
YoY+136.1%
10Y CAGR-22.0%

Box Inc invested $6.1M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 136.1% from the prior year.

BOX Income Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Revenue $305.9M+1.6% $301.1M+2.4% $294.0M+6.4% $276.3M-1.2% $279.5M+1.3% $275.9M+2.2% $270.0M+2.0% $264.7M
Cost of Revenue $60.9M-1.1% $61.6M+0.1% $61.5M+1.4% $60.7M+3.2% $58.8M+5.8% $55.6M+0.1% $55.5M-4.7% $58.3M
Gross Profit $245.0M+2.3% $239.5M+3.0% $232.5M+7.8% $215.6M-2.3% $220.7M+0.2% $220.4M+2.7% $214.5M+3.9% $206.4M
R&D Expenses $76.6M+3.6% $73.9M+3.1% $71.7M-0.8% $72.3M+5.0% $68.9M+1.5% $67.9M+3.7% $65.4M+4.4% $62.7M
SG&A Expenses $37.6M+0.3% $37.5M-1.4% $38.0M+0.3% $37.9M+2.1% $37.1M+10.1% $33.7M+0.3% $33.6M+1.6% $33.1M
Operating Income $31.2M+24.5% $25.1M+21.8% $20.6M+224.7% $6.3M-64.7% $17.9M-23.4% $23.4M+15.4% $20.3M+12.6% $18.0M
Interest Expense $2.6M-1.6% $2.7M+0.1% $2.7M-0.6% $2.7M-5.9% $2.9M+77.9% $1.6M+102.3% $796K-1.1% $805K
Income Tax -$47.2M-408.0% $15.3M+49.0% $10.3M+108.0% $5.0M+102.9% -$173.0M-4032.4% $4.4M-1.9% $4.5M-3.4% $4.6M
Net Income $81.7M+577.0% $12.1M-10.3% $13.4M+64.1% $8.2M-95.8% $194.0M+1404.8% $12.9M-37.1% $20.5M+19.0% $17.2M
EPS (Diluted) N/A $0.050.0% $0.05+150.0% $0.02 N/A $0.05-50.0% $0.10+25.0% $0.08

BOX Balance Sheet

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Total Assets $1.5B-3.9% $1.6B-0.9% $1.6B-1.0% $1.6B-1.6% $1.7B+23.1% $1.4B+20.8% $1.1B-4.7% $1.2B
Current Assets $891.3M-13.0% $1.0B-1.8% $1.0B-1.3% $1.1B-3.8% $1.1B+14.0% $962.6M+31.2% $733.7M-7.0% $788.7M
Cash & Equivalents $375.1M-40.8% $633.2M-3.7% $657.8M-4.6% $689.6M+10.4% $624.6M+2.6% $608.8M+49.7% $406.6M-9.5% $449.5M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $325.1M+58.7% $204.9M+8.1% $189.6M+6.4% $178.1M-39.2% $292.7M+55.3% $188.5M+6.2% $177.5M+24.1% $143.1M
Goodwill $82.3M+1.2% $81.3M+0.6% $80.8M+0.3% $80.5M+4.6% $77.0M-2.2% $78.7M+2.6% $76.8M+0.5% $76.4M
Total Liabilities $1.8B-2.7% $1.9B+0.1% $1.9B-1.4% $1.9B-2.2% $2.0B+7.1% $1.8B+17.6% $1.6B-0.9% $1.6B
Current Liabilities $802.7M-5.9% $853.0M0.0% $853.2M-2.7% $876.8M-4.9% $922.1M+57.1% $587.1M0.0% $586.9M-0.8% $591.4M
Long-Term Debt $451.0M+0.1% $450.4M+0.1% $449.8M+0.1% $449.2M+0.1% $448.6M-31.2% $651.7M+75.3% $371.8M+0.1% $371.3M
Total Equity -$299.3M-4.4% -$286.6M-6.4% -$269.4M+3.8% -$280.1M+5.7% -$297.0M+38.1% -$479.9M-9.2% -$439.4M-10.4% -$397.9M
Retained Earnings -$846.8M+8.8% -$928.4M+1.3% -$940.5M+1.4% -$953.9M+0.9% -$962.1M+16.8% -$1.2B+1.1% -$1.2B+1.7% -$1.2B

BOX Cash Flow Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Operating Cash Flow $110.4M+51.1% $73.0M+58.9% $46.0M-63.8% $127.1M+24.4% $102.2M+63.3% $62.6M+72.4% $36.3M-72.3% $131.2M
Capital Expenditures $1.9M+10.9% $1.7M-16.3% $2.1M+493.1% $349K-44.4% $628K+131.7% $271K-31.9% $398K-68.8% $1.3M
Free Cash Flow $108.5M+52.1% $71.3M+62.5% $43.9M-65.4% $126.7M+24.8% $101.5M+63.0% $62.3M+73.6% $35.9M-72.4% $129.9M
Investing Cash Flow -$16.5M-125.5% -$7.3M+14.1% -$8.5M+18.1% -$10.4M+40.3% -$17.4M+19.0% -$21.5M-155.3% $38.8M+267.5% -$23.2M
Financing Cash Flow -$352.6M-292.5% -$89.8M-37.6% -$65.3M-5.7% -$61.8M+8.3% -$67.4M-141.6% $162.1M+233.5% -$121.4M-240.1% -$35.7M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $123.4M+60.6% $76.9M+92.5% $39.9M-19.6% $49.7M+17.1% $42.4M+41.5% $30.0M-71.9% $106.6M+231.6% $32.1M

BOX Financial Ratios

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Gross Margin 80.1%+0.6pp 79.5%+0.5pp 79.1%+1.0pp 78.0%-0.9pp 79.0%-0.9pp 79.9%+0.4pp 79.4%+1.4pp 78.0%
Operating Margin 10.2%+1.9pp 8.3%+1.3pp 7.0%+4.7pp 2.3%-4.1pp 6.4%-2.1pp 8.5%+1.0pp 7.5%+0.7pp 6.8%
Net Margin 26.7%+22.7pp 4.0%-0.6pp 4.6%+1.6pp 3.0%-66.4pp 69.4%+64.7pp 4.7%-2.9pp 7.6%+1.1pp 6.5%
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets 5.3%+4.5pp 0.8%-0.1pp 0.8%+0.3pp 0.5%-11.1pp 11.6%+10.7pp 0.9%-0.9pp 1.8%+0.4pp 1.5%
Current Ratio 1.11-0.1 1.20-0.0 1.22+0.0 1.20+0.0 1.19-0.4 1.64+0.4 1.25-0.1 1.33
Debt-to-Equity -1.51+0.1 -1.57+0.1 -1.67-0.1 -1.60-0.1 -1.51-0.2 -1.36-0.5 -0.85+0.1 -0.93
FCF Margin 35.5%+11.8pp 23.7%+8.8pp 14.9%-30.9pp 45.9%+9.5pp 36.3%+13.8pp 22.6%+9.3pp 13.3%-35.8pp 49.1%

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Frequently Asked Questions

Box Inc (BOX) reported $1.2B in total revenue for fiscal year 2026. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Box Inc (BOX) revenue grew by 8% year-over-year, from $1.1B to $1.2B in fiscal year 2026.

Yes, Box Inc (BOX) reported a net income of $115.4M in fiscal year 2026, with a net profit margin of 9.8%.

Box Inc (BOX) reported diluted earnings per share of $0.58 for fiscal year 2026. This represents a -57.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Box Inc (BOX) had EBITDA of $116.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Box Inc (BOX) had a gross margin of 79.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Box Inc (BOX) had an operating margin of 7.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Box Inc (BOX) had a net profit margin of 9.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Box Inc (BOX) generated $350.4M in free cash flow during fiscal year 2026. This represents a 6.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Box Inc (BOX) generated $356.4M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Box Inc (BOX) invested $6.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Box Inc (BOX) invested $294.5M in research and development during fiscal year 2026.

Yes, Box Inc (BOX) spent $289.8M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Box Inc (BOX) had 138M shares outstanding as of fiscal year 2026.

Box Inc (BOX) has an earnings quality ratio of 3.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Box Inc (BOX) has an interest coverage ratio of 7.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

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