NYSE : BOX
Box, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 43.34 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.95B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Box, Inc. (BOX) reported revenue of 1.23B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.23B | 1.18B | 1.09B | 1.04B | 990.87M | 874.33M |
| Cost of Revenue | 252.37M | 244.65M | 228.10M | 260.61M | 252.56M | 249.48M |
| Gross Profit | 981.70M | 932.61M | 862.02M | 777.13M | 738.32M | 624.85M |
| Selling, General & Admin | 556.11M | 550.48M | 517.54M | 477.61M | 458.03M | 418.31M |
| Research & Development | 300.04M | 289.74M | 264.85M | 248.77M | 243.53M | 218.52M |
| Operating Expenses | 856.15M | 840.22M | 782.39M | 726.38M | 701.55M | 636.83M |
| Operating Income | 125.55M | 92.39M | 79.63M | 50.75M | 36.76M | -11.98M |
| Interest Expense | -10.13M | -10.70M | -6.08M | -3.84M | -4.87M | -6.14M |
| Interest & Investment Income | 17.13M | 24.74M | 23.71M | 18.71M | 5.90M | |
| Currency Exchange Gain (Loss) | -3.64M | -3.40M | -3.70M | |||
| Other Non Operating Income (Expenses) | 1.50M | 1.50M | -1.97M | -3.04M | -65.00K | |
| EBT Excluding Unusual Items | 130.41M | 107.93M | 95.30M | 62.59M | 34.33M | -21.82M |
| Merger & Restructuring Charges | -9.20M | -9.20M | ||||
| Other Unusual Items | -10.14M | 77.00K | -15.64M | |||
| Pretax Income | 121.21M | 98.73M | 85.16M | 62.59M | 34.41M | -37.46M |
| Income Tax Expense | -9.48M | -16.65M | -159.46M | -66.45M | 7.62M | 4.00M |
| Net Income | 130.69M | 115.38M | 244.62M | 129.03M | 26.78M | -41.46M |
| Preferred Dividends & Other Adjustments | 30.20M | 28.33M | 43.05M | 29.89M | 18.22M | 12.42M |
| Net Income to Common | 100.49M | 87.05M | 201.57M | 99.15M | 8.57M | -53.88M |
| Shares Outstanding (Basic) | 140.99M | 144.19M | 144.23M | 144.20M | 143.59M | 155.60M |
| Shares Outstanding (Diluted) | 143.93M | 149.16M | 148.64M | 148.59M | 150.19M | 155.60M |
| EPS (Basic) | 0.71 | 0.60 | 1.40 | 0.69 | 0.06 | -0.35 |
| EPS (Diluted) | 0.69 | 0.58 | 1.36 | 0.67 | 0.06 | -0.35 |
| Free Cash Flow | 389.17M | 350.38M | 329.68M | 314.02M | 292.95M | 230.12M |
| Free Cash Flow Per Share | 2.70 | 2.35 | 2.22 | 2.11 | 1.95 | 1.48 |
| Gross Margin | 79.55% | 79.22% | 79.07% | 74.89% | 74.51% | 71.47% |
| Operating Margin | 10.17% | 7.85% | 7.31% | 4.89% | 3.71% | -1.37% |
| Profit Margin | 8.14% | 7.40% | 18.49% | 9.55% | 0.86% | -6.16% |
| Free Cash Flow Margin | 31.54% | 29.76% | 30.24% | 30.26% | 29.57% | 26.32% |
| EBITDA | 131.82M | 94.10M | 84.64M | 85.39M | 85.05M | 48.95M |
| EBITDA Margin | 10.68% | 7.99% | 7.76% | 8.23% | 8.58% | 5.60% |
| D&A For EBITDA | 6.27M | 1.71M | 5.00M | 34.64M | 48.29M | 60.93M |
| EBIT | 125.55M | 92.39M | 79.63M | 50.75M | 36.76M | -11.98M |
| EBIT Margin | 10.17% | 7.85% | 7.31% | 4.89% | 3.71% | -1.37% |
| Effective Tax Rate | 22.16% | |||||
| Advertising Expenses | 28.70M | 27.10M | 17.50M | 14.70M | 16.60M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 342.87M | 375.13M | 624.58M | 383.74M | 428.46M | 416.27M |
| Short-Term Investments | 101.27M | 102.93M | 98.24M | 96.95M | 32.78M | 170.00M |
| Cash & Short-Term Investments | 444.14M | 478.06M | 722.82M | 480.69M | 461.25M | 586.27M |
| Accounts Receivable | 213.68M | 325.14M | 292.71M | 281.49M | 264.51M | 256.31M |
| Receivables | 213.68M | 325.14M | 292.71M | 281.49M | 264.51M | 256.31M |
| Restricted Cash | 1.46M | 1.54M | 515.00K | 575.00K | 614.00K | |
| Other Current Assets | 98.59M | 86.54M | 82.26M | 79.49M | 80.42M | 73.36M |
| Total Current Assets | 757.87M | 891.27M | 1.10B | 842.18M | 806.76M | 916.56M |
| Property, Plant & Equipment | 100.68M | 121.47M | 102.95M | 99.35M | 201.14M | 278.56M |
| Goodwill | 81.04M | 82.29M | 76.97M | 76.75M | 73.86M | 74.47M |
| Other Intangible Assets | 103.32M | 94.31M | 74.51M | 46.77M | 39.17M | 17.71M |
| Long-Term Deferred Tax Assets | 268.14M | 284.00M | 245.42M | 75.67M | ||
| Long-Term Deferred Charges | 65.69M | 62.78M | 63.54M | 72.00M | 72.88M | |
| Other Long-Term Assets | 93.18M | 7.03M | 7.12M | 36.90M | 14.23M | 31.82M |
| Total Assets | 1.40B | 1.55B | 1.67B | 1.24B | 1.21B | 1.39B |
| Accounts Payable | 52.18M | 67.11M | 80.07M | 79.55M | 79.81M | 58.94M |
| Accrued Expenses | 41.39M | 57.79M | 49.72M | 36.87M | 44.09M | 54.70M |
| Current Portion of Long-Term Debt | 203.91M | |||||
| Current Portion of Leases | 29.79M | 28.16M | 47.75M | 85.84M | ||
| Current Unearned Revenue | 589.54M | 647.89M | 588.38M | 562.86M | 544.18M | 519.49M |
| Other Current Liabilities | 2.88M | 1.71M | ||||
| Total Current Liabilities | 715.78M | 802.67M | 922.08M | 679.28M | 715.83M | 718.98M |
| Long-Term Debt | 452.21M | 451.01M | 448.64M | 370.82M | 369.35M | 367.46M |
| Long-Term Leases | 73.15M | 76.97M | 68.77M | 94.17M | 118.00M | 168.19M |
| Other Long-Term Liabilities | 16.82M | 18.31M | 30.76M | 35.86M | 37.85M | 44.59M |
| Total Liabilities | 1.26B | 1.35B | 1.47B | 1.18B | 1.24B | 1.30B |
| Common Stock | 14.00K | 14.00K | 14.00K | 14.00K | 14.00K | 15.00K |
| Additional Paid-In Capital | 464.28M | 547.61M | 677.09M | 785.37M | 819.00M | 972.02M |
| Retained Earnings | -809.81M | -846.76M | -962.14M | -1.21B | -1.34B | -1.36B |
| Comprehensive Income & Other | -5.63M | -142.00K | -11.92M | -9.69M | -7.07M | -4.54M |
| Total Common Equity | -351.15M | -299.28M | -296.96M | -431.06M | -523.85M | -395.09M |
| Shareholders' Equity | 146.28M | 197.10M | 197.28M | 61.03M | -33.86M | 92.79M |
| Total Liabilities & Equity | 1.40B | 1.55B | 1.67B | 1.24B | 1.21B | 1.39B |
| Total Debt | 555.14M | 556.14M | 721.32M | 464.99M | 535.10M | 621.50M |
| Net Cash (Debt) | -111.01M | -78.08M | 1.50M | 15.70M | -73.86M | -35.22M |
| Net Cash Per Share | -0.77 | -0.52 | 0.01 | 0.11 | -0.49 | -0.23 |
| Filing Date Shares Outstanding | 137.20M | 138.45M | 143.79M | 144.35M | 144.30M | 143.42M |
| Total Common Shares Outstanding | 137.20M | 140.91M | 144.11M | 144.35M | 144.30M | 145.08M |
| Working Capital | 42.09M | 88.61M | 175.70M | 162.90M | 90.94M | 197.59M |
| Book Value Per Share | -2.56 | -2.12 | -2.06 | -2.99 | -3.63 | -2.72 |
| Tangible Book Value | -535.51M | -475.88M | -448.44M | -554.59M | -636.88M | -487.26M |
| Tangible Book Value Per Share | -3.90 | -3.38 | -3.11 | -3.84 | -4.41 | -3.36 |
| Machinery | 42.05M | 37.47M | 131.96M | 389.14M | ||
| Construction In Progress | 1.23M | 967.00K | 2.36M | 6.32M | ||
| Leasehold Improvements | 69.34M | 68.04M | 79.32M | 75.98M | ||
| Order Backlog | 1.06B | 861.40M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 130.69M | 115.38M | 244.62M | 129.03M | 26.78M | -41.46M |
| Depreciation & Amortization | 6.27M | 1.71M | 5.00M | 34.64M | 48.29M | 60.93M |
| Other Amortization | 84.95M | 84.54M | 69.66M | 70.83M | 71.22M | 63.17M |
| Stock-Based Compensation | 235.74M | 233.72M | 219.00M | 198.78M | 185.63M | 178.97M |
| Other Operating Activities | -21.27M | -37.09M | -163.19M | -72.81M | 3.96M | 1.02M |
| Change in Accounts Receivable | -27.30M | -31.21M | -14.48M | -21.88M | -8.93M | -27.22M |
| Change in Accounts Payable | 6.20M | 6.80M | 6.39M | -1.18M | -1.90M | 17.61M |
| Change in Unearned Revenue | 58.52M | 46.94M | 27.75M | 32.71M | 38.02M | 63.10M |
| Change in Other Net Operating Assets | -79.33M | -64.33M | -62.50M | -51.40M | -65.10M | -81.30M |
| Operating Cash Flow | 394.46M | 356.45M | 332.26M | 318.73M | 297.98M | 234.82M |
| Capital Expenditures | -5.29M | -6.07M | -2.57M | -4.70M | -5.03M | -4.70M |
| Sale of Property, Plant & Equipment | 309.00K | 309.00K | 8.39M | 2.86M | 601.00K | |
| Cash Acquisitions | -59.40M | |||||
| Sale (Purchase) of Intangibles | -39.51M | -35.17M | -27.63M | -16.56M | -12.06M | -5.79M |
| Investment in Securities | 513.00K | -1.76M | 2.12M | -61.47M | 137.91M | -170.00M |
| Other Investing Activities | -3.52M | -2.92M | -815.00K | 514.00K | ||
| Investing Cash Flow | -43.98M | -42.70M | -23.21M | -82.79M | 120.60M | -239.37M |
| Long-Term Debt Issued | 447.80M | |||||
| Long-Term Debt Repaid | -205.00M | -223.85M | -30.18M | -40.35M | -50.39M | |
| Net Debt Issued (Repaid) | -205.00M | -205.00M | 223.94M | -30.18M | -40.35M | -50.39M |
| Issuance of Common Stock | 27.85M | 28.62M | 44.96M | 28.20M | 32.19M | 25.37M |
| Repurchase of Common Stock | -460.70M | -375.12M | -290.32M | -251.78M | -368.08M | -618.95M |
| Preferred Dividends Paid | -15.00M | -15.00M | -15.00M | -14.94M | -15.06M | -9.62M |
| Dividends Paid | -15.00M | -15.00M | -15.00M | -14.94M | -15.06M | -9.62M |
| Other Financing Activities | -6.03M | -3.02M | -25.95M | -4.20M | -5.19M | -4.35M |
| Financing Cash Flow | -658.89M | -569.52M | -62.36M | -272.90M | -396.50M | -172.86M |
| Foreign Exchange Rate Adjustments | -6.86M | 6.35M | -4.83M | -7.82M | -9.94M | -1.21M |
| Net Cash Flow | -315.26M | -249.42M | 241.85M | -44.78M | 12.15M | -178.62M |
| Free Cash Flow | 389.17M | 350.38M | 329.68M | 314.02M | 292.95M | 230.12M |
| Free Cash Flow Margin | 31.54% | 29.76% | 30.24% | 30.26% | 29.57% | 26.32% |
| Free Cash Flow Per Share | 2.70 | 2.35 | 2.22 | 2.11 | 1.95 | 1.48 |
| Levered Free Cash Flow | 378.30M | 347.86M | 334.85M | 307.54M | 327.69M | 353.13M |
| Unlevered Free Cash Flow | 384.62M | 354.55M | 338.65M | 309.94M | 330.74M | 356.96M |
| Cash Interest Paid | 4.69M | |||||
| Cash Income Tax Paid | 12.51M | 12.51M | 13.60M | 8.50M | 7.04M | 2.01M |
| Change in Working Capital | -41.91M | -41.80M | -42.84M | -41.74M | -37.90M | -27.82M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.92B | 3.63B | 4.80B | 3.73B | 4.57B | 3.88B |
| Enterprise Value | 6.03B | 4.15B | 5.35B | 4.30B | 5.24B | 4.31B |
| Last Close Price | 43.45 | 25.35 | 33.39 | 25.98 | 31.99 | 26.13 |
| PE Ratio | 62.30 | 41.71 | 23.80 | 37.63 | 533.66 | |
| Forward PE | 26.87 | 18.27 | 18.77 | 16.12 | 23.23 | 25.38 |
| PS Ratio | 4.81 | 3.08 | 4.40 | 3.60 | 4.61 | 4.43 |
| PB Ratio | 40.57 | 18.42 | 24.32 | 61.12 | -135.02 | 41.76 |
| P/FCF Ratio | 15.25 | 10.36 | 14.55 | 11.88 | 15.61 | 16.84 |
| P/OCF Ratio | 15.04 | 10.19 | 14.44 | 11.70 | 15.34 | 16.50 |
| PEG Ratio | 2.29 | 31.41 | 0.83 | 0.81 | 1.16 | 1.28 |
| EV/Sales Ratio | 4.90 | 3.53 | 4.91 | 4.14 | 5.29 | 4.93 |
| EV/EBITDA Ratio | 45.86 | 44.13 | 63.18 | 50.35 | 61.61 | 88.06 |
| EV/EBIT Ratio | 48.15 | 44.94 | 67.15 | 84.72 | 142.53 | |
| EV/FCF Ratio | 15.53 | 11.85 | 16.22 | 13.69 | 17.89 | 18.73 |
| Debt / Equity Ratio | 3.79 | 2.82 | 3.66 | 7.62 | -15.80 | 6.70 |
| Debt / EBITDA Ratio | 3.35 | 4.44 | 6.21 | 3.39 | 3.97 | 6.20 |
| Debt / FCF Ratio | 1.43 | 1.59 | 2.19 | 1.48 | 1.83 | 2.70 |
| Net Debt / Equity Ratio | 0.76 | 0.40 | -0.01 | -0.26 | -2.18 | 0.38 |
| Net Debt / EBITDA Ratio | 0.84 | 0.83 | -0.02 | -0.18 | 0.87 | 0.72 |
| Net Debt / FCF Ratio | 0.28 | 0.22 | -0.01 | -0.05 | 0.25 | 0.15 |
| Asset Turnover | 0.81 | 0.73 | 0.75 | 0.85 | 0.76 | 0.64 |
| Quick Ratio | 0.92 | 1.00 | 1.10 | 1.12 | 1.01 | 1.17 |
| Current Ratio | 1.06 | 1.11 | 1.19 | 1.24 | 1.13 | 1.27 |
| Return on Equity (ROE) | 70.23% | 58.51% | 189.40% | 949.74% | 90.89% | -34.00% |
| Return on Assets (ROA) | 5.18% | 3.59% | 3.42% | 2.59% | 1.77% | -0.55% |
| Return on Invested Capital (ROIC) | 49.98% | 39.23% | 66.06% | 18.91% | 9.24% | -7.22% |
| Return on Capital Employed (ROCE) | 18.20% | 12.40% | 10.70% | 9.00% | 7.50% | -1.80% |
| Earnings Yield | 1.61% | 3.18% | 5.10% | 3.46% | 0.59% | -1.07% |
| FCF Yield | 6.56% | 9.65% | 6.87% | 8.42% | 6.41% | 5.94% |
| Payout Ratio | 13.00% | 6.13% | 11.58% | 56.22% | ||
| Buyback Yield / Dilution | 4.06% | -0.34% | -0.04% | 1.07% | 3.47% | 0.16% |