BOX INC

Listed Company

BXCAPCIK 0001372612OTCLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Jan 31

Period

FY 2026

Revenue

$1.18B

Net Income

$115.38M

Total Assets

$1.55B

Equity

$-299.28M

Shares Out

138.45M

Op. Cash Flow

$356.45M

Business

BOX INC provides an intelligent content management platform that enables organizations to securely manage the full lifecycle of unstructured content. It offers SaaS applications and developer APIs for secure file storage, collaboration, workflow automation, e‑signatures, content migration, governance, and AI-enabled document and metadata processing. The company operates through product offerings such as Box ICM, Box Platform, Box AI, Box Sign, Box Relay, Box Shield, Box Consulting and Box Zones, and supports integrations and a partner ecosystem. Box serves enterprise and individual customers globally through direct sales, online self-service, and channel partners.

Summary from filing dated 2025-03-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Revenue	1,177	1,090	1,038	991	874
Cost of revenue	245	228	261	253	249
Gross profit	933	862	777	738	625
Research and development	295	265	249	244	219
Sales and marketing	404	380	349	331	299
General and administrative	151	137	129	127	135
Total operating expenses	849	782	726	701	652
Income from operations	83	80	51	37	−28
Interest income	25	24	19	6	—
Interest expense	−11	−6	−4	−5	—
Other income (expense), net	1	−12	−3	−3	−10
Income before income taxes	99	85	63	34	−37
Benefit from income taxes	−17	−159	−66	8	4
Net income	115	245	129	27	−41
Accretion and dividend on series A convertible preferred stock	−17	−17	−17	−17	−12
Undistributed earnings attributable to preferred stockholders	−11	−26	−13	−1	—
Net income attributable to common stockholders	87	202	99	9	−54
Net income per share attributable to common stockholders, basic	0.6	1.4	0.69	0.06	−0.35
Net income per share attributable to common stockholders, diluted	0.58	1.36	0.67	0.06	−0.35
Weighted-average shares used to compute net income per share attributable to common stockholders, basic	144	144	144	144	156
Weighted-average shares used to compute net income per share attributable to common stockholders, diluted	149	149	149	150	156

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	375	625	384	428	416
Short-term investments	103	98	97	33	170
Accounts receivable, net	325	293	281	265	256
Deferred commissions	46	46	46	48	46
Other current assets	42	36	34	33	28
Total current assets	891	1,098	842	807	917
Property and equipment, net	24	25	31	70	106
Operating lease right-of-use assets, net	98	78	99	131	173
Goodwill	82	77	77	74	75
Deferred commissions, non-current	66	63	64	72	73
Deferred tax assets	284	245	76	—	—
Intangible assets, net	94	75	—	—	—
Other assets, non-current	7	7	84	53	50
Total assets	1,546	1,668	1,241	1,207	1,392
Accounts payable, accrued expenses and other current liabilities	97	80	80	80	59
Accrued compensation and benefits	58	50	37	44	55
Debt, net, current	0	204	0	—	—
Deferred revenue	648	588	563	544	519
Total current liabilities	803	922	679	716	719
Debt, net, non-current	451	449	371	369	367
Operating lease liabilities, non-current	77	69	94	118	168
Other liabilities, non-current	18	31	36	38	45
Total liabilities	1,349	1,470	1,180	1,241	1,299
Commitments and contingencies (Note 8)	—	—	—	—	—
Series A convertible preferred stock, par value of $0.0001 per share; 500 shares authorized, issued and outstanding as of January 31, 2026 and 2025	496	494	492	490	488
Class A common stock, par value $0.0001 per share; 1,000,000 shares authorized; 140,911 and 144,113 shares issued and outstanding as of January 31, 2026 and 2025, respectively	14,000	14,000	14,000	14,000	15,000
Additional paid-in capital	548	677	785	819	972
Accumulated other comprehensive loss	−142,000	−12	−10	−7	−5
Accumulated deficit	−847	−962	−1,207	−1,336	−1,363
Total stockholders' deficit	−299	−297	−431	−524	−395
Total liabilities, convertible preferred stock and stockholders' deficit	1,546	1,668	1,241	1,207	1,392

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net income	115	245	129	27	−41
Depreciation and amortization	33	22	51	66	78
Stock-based compensation expense	234	219	199	186	179
Amortization of deferred commissions	53	53	54	54	46
Deferred income taxes	−32	−171	−75	2	−2
Induced conversion expense	0	10	0	0	—
Other	−6	−2	2	2	3
Accounts receivable, net	−31	−14	−22	−9	−27
Deferred commissions	−56	−52	−44	−55	−59
Operating lease right-of-use assets, net	22	23	35	40	42
Other assets	−3	−5	7	−6	−16
Accounts payable, accrued expenses and other liabilities	7	6	−1	−2	18
Operating lease liabilities	−26	−28	−49	−45	−47
Deferred revenue	47	28	33	38	63
Net cash provided by operating activities	356	332	319	298	235
Purchases of short-term investments	−104	−121	−169	−102	−170
Maturities of short-term investments	103	120	108	240	—
Sales of short-term investments	0	4	0	0	—
Purchases of property and equipment	−6	−3	−5	−5	—
Proceeds from sales of property and equipment	309,000	8	3	601,000	—
Capitalized internal-use software costs	−35	−28	−17	−12	−6
Other	0	−4	−3	−815,000	514,000
Net cash used in investing activities	−43	−23	−83	121	−239
Proceeds from issuance of 2029 Convertible Notes, net of issuance costs	0	448	0	0	—
Partial repurchase of 2026 Convertible Notes	0	−192	0	—	—
Purchase of 2029 Capped Calls	0	−52	0	—	—
Settlement of 2026 Capped Calls	0	30	0	—	—
Principal payments on borrowings	0	−30	0	0	—
Principal payments upon maturity of 2026 Convertible Notes	−205	0	0	—	—
Repurchases of common stock	−290	−211	−177	−274	−562
Payments of dividends to preferred stockholders	−15	−15	−15	−15	−10
Proceeds from exercise of stock options	1	19	1	8	—
Proceeds from issuances of common stock under employee stock purchase plan	27	26	27	24	25
Employee payroll taxes paid for net settlement of stock awards	−85	−79	−75	−94	−57
Principal payments of finance lease liabilities	0	−2	−30	−40	−50
Other	−3	−4	−4	−5	−4
Net cash used in financing activities	−570	−62	−273	−396	−173
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	6	−5	−8	−10	−1
Net (decrease) increase in cash, cash equivalents, and restricted cash	−249	242	−45	12	−179

Filings

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