Box Inc Financials
Box Inc (BOX) reported $1.2B in revenue for fiscal year 2026, up 8.0% from the prior fiscal year. This page shows its 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).
BOX’s dominant mechanic is recurring cash conversion paired with margin expansion, while capital returns keep liquidity tighter than earnings suggest.
FY2026’s lower net income is not a clean operating reversal: FY2025 included a-$159M tax expense, versus just-$16.7M in FY2026. Meanwhile, operating performance stayed cash-backed, with operating margin at7.1% and operating cash flow at$356M .
Gross margin widened from
Free-cash-flow margin held near
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Box Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Box Inc has an operating margin of 7.1%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is down from 7.3% the prior year.
Box Inc's revenue grew 8.0% year-over-year to $1.2B, a solid pace of expansion. This earns a growth score of 56/100.
Box Inc's current ratio of 1.11 is below the typical benchmark, resulting in a score of 24/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Box Inc converts 29.8% of revenue into free cash flow ($350.4M). This strong cash generation earns a score of 95/100.
Box Inc scores 1.73, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.6B) relative to total liabilities ($1.8B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Box Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
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.
Box Inc earns $7.78 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
Earnings & Revenue
Box Inc generated $1.2B in revenue in fiscal year 2026. This represents an increase of 8.0% from the prior year.
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.
Box Inc reported $115.4M in net income in fiscal year 2026. This represents a decrease of 52.8% from the prior year.
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
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.
Box Inc held $375.1M in cash against $451.0M in long-term debt as of fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
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.
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.
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.
Not reported for fiscal year 2026.
Capital Allocation
Box Inc invested $294.5M in research and development in fiscal year 2026. This represents an increase of 11.2% from the prior year.
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.
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
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B+8.0% | $1.1B+5.0% | $1.0B+4.7% | $990.9M+13.3% | $874.3M+13.4% | $770.8M+10.7% | $696.3M+14.4% | $608.4M+20.2% | $506.1M+27.0% | $398.6M+31.7% | $302.7M+39.9% | $216.4M+74.3% | $124.2M |
| Cost of Revenue | $246.7M | $244.6M+7.3% | $228.1M-12.5% | $260.6M+3.2% | $252.6M+1.2% | $249.5M+11.0% | $224.7M+4.2% | $215.6M+24.2% | $173.6M+28.4% | $135.2M+20.6% | $112.1M+28.7% | $87.1M+84.2% | $47.3M+82.0% | $26.0M |
| Gross Profit | $960.2M | $932.6M+8.2% | $862.0M+10.9% | $777.1M+5.3% | $738.3M+18.2% | $624.8M+14.4% | $546.0M+13.6% | $480.7M+10.6% | $434.8M+17.2% | $370.9M+29.5% | $286.5M+32.9% | $215.6M+27.5% | $169.2M+72.2% | $98.2M |
| R&D Expenses | $298.2M | $294.5M+11.2% | $264.9M+6.5% | $248.8M+2.2% | $243.5M+11.4% | $218.5M+8.6% | $201.3M+0.8% | $199.8M+22.0% | $163.8M+19.7% | $136.8M+18.0% | $115.9M+13.1% | $102.5M+54.4% | $66.4M+44.5% | $46.0M |
| SG&A Expenses | $151.0M | $150.9M+9.8% | $137.4M+6.5% | $129.0M+1.9% | $126.5M-6.5% | $135.3M+26.9% | $106.7M+3.8% | $102.8M+10.4% | $93.1M+9.7% | $84.8M+24.4% | $68.2M-5.2% | $71.9M+16.6% | $61.7M+54.8% | $39.8M |
| Operating Income | $104.3M | $83.2M+4.5% | $79.6M+56.9% | $50.8M+37.8% | $36.8M+233.4% | -$27.6M+26.6% | -$37.6M+73.0% | -$139.5M-3.9% | -$134.2M+12.8% | -$154.0M-2.2% | -$150.7M+25.0% | -$201.0M-20.6% | -$166.7M-5.0% | -$158.8M |
| Interest Expense | $10.4M | $10.7M+76.1% | $6.1M+58.2% | $3.8M-21.2% | $4.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$11.8M | -$16.7M+89.6% | -$159.5M-140.0% | -$66.4M-971.5% | $7.6M+90.8% | $4.0M+231.0% | $1.2M-14.4% | $1.4M+0.9% | $1.4M+95.5% | $715K-21.8% | $914K+32.5% | $690K+221.3% | -$569K+76.6% | -$2.4M |
| Net Income | $124.9M | $115.4M-52.8% | $244.6M+89.6% | $129.0M+381.8% | $26.8M+164.6% | -$41.5M+4.5% | -$43.4M+69.9% | -$144.3M-7.2% | -$134.6M+13.1% | -$155.0M-2.1% | -$151.8M+25.2% | -$202.9M-20.6% | -$168.2M+0.2% | -$168.6M |
| EPS (Diluted) | — | $0.58-57.4% | $1.36+103.0% | $0.67 | $0.06 | -$0.35-25.0% | -$0.28 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BOX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.5B-7.3% | $1.7B+34.4% | $1.2B+2.8% | $1.2B-13.3% | $1.4B+3.0% | $1.4B+40.8% | $960.0M+47.7% | $650.2M+17.4% | $553.6M+12.1% | $493.7M-0.8% | $497.5M+1.0% | $492.7M | N/A |
| Current Assets | $891.3M-18.8% | $1.1B+30.3% | $842.2M+4.4% | $806.8M-12.0% | $916.6M+4.2% | $879.3M+92.1% | $457.7M+6.8% | $428.6M+7.4% | $399.2M+23.9% | $322.1M+0.7% | $320.0M-21.2% | $406.2M | N/A |
| Cash & Equivalents | $375.1M-39.9% | $624.6M+62.8% | $383.7M-10.4% | $428.5M+2.9% | $416.3M-30.0% | $595.1M+204.3% | $195.6M-10.1% | $217.5M+4.5% | $208.1M+17.3% | $177.4M-4.5% | $185.7M-43.8% | $330.4M+203.6% | $108.9M |
| Accounts Receivable | $325.1M+11.1% | $292.7M+4.0% | $281.5M+6.4% | $264.5M+3.2% | $256.3M+12.3% | $228.3M+9.0% | $209.4M+19.6% | $175.1M+8.0% | $162.1M+35.0% | $120.1M+20.7% | $99.5M+83.7% | $54.2M | N/A |
| Goodwill | $82.3M+6.9% | $77.0M+0.3% | $76.8M+3.9% | $73.9M-0.8% | $74.5M+297.4% | $18.7M0.0% | $18.7M0.0% | $18.7M+15.0% | $16.3M0.0% | $16.3M+13.9% | $14.3M+27.2% | $11.2M+39.1% | $8.1M |
| Total Liabilities | $1.8B-6.1% | $2.0B+17.5% | $1.7B-3.4% | $1.7B-3.1% | $1.8B+48.8% | $1.2B+28.0% | $937.6M+51.5% | $618.8M+14.9% | $538.6M+28.6% | $418.9M+16.5% | $359.6M+60.1% | $224.5M | N/A |
| Current Liabilities | $802.7M-13.0% | $922.1M+35.7% | $679.3M-5.1% | $715.8M-0.4% | $719.0M+17.3% | $612.8M+6.1% | $577.4M+24.7% | $463.2M+17.6% | $394.0M+32.2% | $297.9M+19.0% | $250.5M+50.8% | $166.1M | N/A |
| Long-Term Debt | $451.0M+0.5% | $448.6M+21.0% | $370.8M+0.4% | $369.4M+0.5% | $367.5M+23.5% | $297.6M+644.0% | $40.0M0.0% | $40.0M0.0% | $40.0M0.0% | $40.0M0.0% | $40.0M0.0% | $40.0M | N/A |
| Total Equity | -$299.3M-0.8% | -$297.0M+31.1% | -$431.1M+17.7% | -$523.9M-32.6% | -$395.1M-361.5% | $151.1M+575.7% | $22.4M-28.8% | $31.4M+109.8% | $15.0M-80.0% | $74.7M-45.8% | $137.9M-48.6% | $268.1M+180.6% | -$332.5M |
| Retained Earnings | -$846.8M+12.0% | -$962.1M+20.3% | -$1.2B+9.7% | -$1.3B+2.0% | -$1.4B-3.1% | -$1.3B-3.4% | -$1.3B-12.7% | -$1.1B-9.1% | -$1.0B-17.5% | -$884.1M-20.7% | -$732.3M-38.3% | -$529.4M | N/A |
Not reported in any period shown, so not listed: Inventory.
BOX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $369.6M | $356.4M+7.3% | $332.3M+4.2% | $318.7M+7.0% | $298.0M+26.9% | $234.8M+19.3% | $196.8M+340.2% | $44.7M-19.2% | $55.3M+56.3% | $35.4M+1581.4% | -$2.4M+96.4% | -$66.3M+21.9% | -$84.9M+7.5% | -$91.8M |
| Capital Expenditures | $7.0M | $6.1M+136.1% | $2.6M-45.3% | $4.7M-6.6% | $5.0M | N/A | N/A | $5.5M-63.2% | $14.8M+25.3% | $11.8M-21.0% | $15.0M-79.5% | $72.9M+88.6% | $38.7M+58.4% | $24.4M |
| Free Cash Flow | $362.5M | $350.4M+6.3% | $329.7M+5.0% | $314.0M+7.2% | $292.9M | N/A | N/A | $39.3M-3.1% | $40.5M+71.9% | $23.6M+235.9% | -$17.3M+87.5% | -$139.3M-12.7% | -$123.6M-6.4% | -$116.2M |
| Investing Cash Flow | -$38.5M | -$42.7M-84.0% | -$23.2M+72.0% | -$82.8M-168.7% | $120.6M+150.4% | -$239.4M-1361.1% | -$16.4M-23.2% | -$13.3M+17.7% | -$16.2M-37.9% | -$11.7M-54.7% | -$7.6M | N/A | N/A | N/A |
| Financing Cash Flow | -$633.6M | -$569.5M-813.3% | -$62.4M+77.1% | -$272.9M+31.2% | -$396.5M-129.4% | -$172.9M-179.0% | $218.7M+509.4% | -$53.4M-80.7% | -$29.6M-49.1% | -$19.8M-4239.9% | $479K | N/A | N/A | N/A |
| Share Buybacks | $356.6M | $289.8M+37.3% | $211.1M+19.2% | $177.1M-35.4% | $274.2M-51.2% | $561.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BOX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.2%+0.1pp | 79.1%+4.2pp | 74.9%+0.4pp | 74.5%+3.0pp | 71.5%+0.6pp | 70.8%+1.8pp | 69.0%-2.4pp | 71.5%-1.8pp | 73.3%+1.4pp | 71.9%+0.6pp | 71.2%-6.9pp | 78.2%-0.9pp | 79.1% |
| Operating Margin | 7.1%-0.2pp | 7.3%+2.4pp | 4.9%+1.2pp | 3.7%+6.9pp | -3.2%+1.7pp | -4.9%+15.2pp | -20.0%+2.0pp | -22.1%+8.4pp | -30.4%+7.4pp | -37.8%+28.6pp | -66.4%+10.6pp | -77.0% | -127.8% |
| Net Margin | 9.8%-12.6pp | 22.4%+10.0pp | 12.4%+9.7pp | 2.7%+7.4pp | -4.7%+0.9pp | -5.6%+15.1pp | -20.7%+1.4pp | -22.1%+8.5pp | -30.6%+7.5pp | -38.1%+29.0pp | -67.0%+10.7pp | -77.7% | -135.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | -28.7%+616.9pp | -645.6%-217.0pp | -428.6%+606.7pp | -1035.3%-832.2pp | -203.1%-55.9pp | -147.2%-84.4pp | -62.7% | N/A |
| Return on Assets | 7.5%-7.2pp | 14.7%+4.3pp | 10.4%+8.2pp | 2.2%+5.2pp | -3.0%+0.2pp | -3.2%+11.8pp | -15.0%+5.7pp | -20.7%+7.3pp | -28.0%+2.8pp | -30.8%+10.0pp | -40.8%-6.6pp | -34.2% | N/A |
| Current Ratio | 1.11-0.1x | 1.190.0x | 1.24+0.1x | 1.13-0.1x | 1.27-0.2x | 1.43+0.6x | 0.79-0.1x | 0.93-0.1x | 1.01-0.1x | 1.08-0.2x | 1.28-1.2x | 2.45 | N/A |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | 1.97+0.2x | 1.79+0.5x | 1.27-1.4x | 2.67+2.1x | 0.54+0.2x | 0.29+0.1x | 0.15 | N/A |
| FCF Margin | 29.8%-0.5pp | 30.2%0.0pp | 30.3%+0.7pp | 29.6% | N/A | N/A | 5.6%-1.0pp | 6.7%+2.0pp | 4.7%+9.0pp | -4.3%+41.7pp | -46.0%+11.1pp | -57.1%+36.5pp | -93.6% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$299.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Where Box Inc Ranks
Frequently Asked Questions
What is Box Inc's annual revenue?
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.
How fast is Box Inc's revenue growing?
Box Inc (BOX) revenue grew by 8.0% year-over-year, from $1.1B to $1.2B in fiscal year 2026.
Is Box Inc profitable?
Yes, Box Inc (BOX) reported a net income of $115.4M in fiscal year 2026, with a net profit margin of 9.8%.
What is Box Inc's EBITDA?
Box Inc (BOX) had EBITDA of $116.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Box Inc have?
As of fiscal year 2026, Box Inc (BOX) had $375.1M in cash and equivalents against $451.0M in long-term debt.
What is Box Inc's gross margin?
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.
What is Box Inc's operating margin?
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.
What is Box Inc's net profit margin?
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.
What is Box Inc's free cash flow?
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.
What is Box Inc's operating cash flow?
Box Inc (BOX) generated $356.4M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Box Inc's total assets?
Box Inc (BOX) had $1.5B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Box Inc's capital expenditures?
Box Inc (BOX) invested $6.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Box Inc spend on research and development?
Box Inc (BOX) invested $294.5M in research and development during fiscal year 2026.
What is Box Inc's current ratio?
Box Inc (BOX) had a current ratio of 1.11 as of fiscal year 2026, which is considered adequate.
What is Box Inc's return on assets (ROA)?
Box Inc (BOX) had a return on assets of 7.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
Why is Box Inc's debt-to-equity ratio negative or not reported?
Box Inc (BOX) has negative shareholder equity of -$299.3M as of fiscal year 2026, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Box Inc's Altman Z-Score?
Box Inc (BOX) has an Altman Z-Score of 1.73, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Box Inc's Piotroski F-Score?
Box Inc (BOX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Box Inc's earnings high quality?
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.
Can Box Inc cover its interest payments?
Box Inc (BOX) has an interest coverage ratio of 7.78x, 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.
How financially healthy is Box Inc?
Box Inc (BOX) scores 57 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.