BOX Inc income statement
In fiscal 2026, BOX Inc reported revenue of $1.18bn, up 8.0% on the year before, operating income of $83.2m (a 7.1% margin) and net income of $115m, or $0.58 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2014Jan 2014 | 2015Jan 2015 | 2016Jan 2016 | 2017Jan 2017 | 2018Jan 2018 | 2019Jan 2019 | 2020Jan 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Jan 2025 | 2026Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 124 | 216 | 303 | 399 | 506 | 608 | 696 | 771 | 874 | 991 | 1,038 | 1,090 | 1,177 | 1,234 |
| Cost of revenue | 26 | 47 | 87 | 112 | 135 | 174 | 216 | 225 | 249 | 253 | 261 | 228 | 245 | 252 |
| Gross profit | 98 | 169 | 216 | 286 | 371 | 435 | 481 | 546 | 625 | 738 | 777 | 862 | 933 | 982 |
| Research and development | 46 | 66 | 103 | 116 | 137 | 164 | 200 | 201 | 219 | 244 | 249 | 265 | 295 | 305 |
| Selling and marketing | 171 | 208 | 242 | 253 | 303 | 312 | 318 | 276 | 299 | 331 | 349 | 380 | 404 | 411 |
| General and administrative | 40 | 62 | 72 | 68 | 85 | 93 | 103 | 107 | 135 | 127 | 129 | 137 | 151 | 149 |
| Operating income | −159 | −167 | −201 | −151 | −154 | −134 | −139 | −38 | −28 | 37 | 51 | 80 | 83 | 116 |
| Interest expense | — | — | — | — | — | — | — | — | — | 5 | 4 | 6 | 11 | 10 |
| Income before tax | −171 | −169 | −202 | −151 | −154 | −133 | −143 | −42 | −37 | 34 | 63 | 85 | 99 | 121 |
| Income tax | −2 | −1 | 1 | 1 | 1 | 1 | 1 | 1 | 4 | 8 | −66 | −159 | −17 | −9 |
| Net income | −169 | −168 | −203 | −152 | −155 | −135 | −144 | −43 | −41 | 27 | 129 | 245 | 115 | 131 |
| Diluted EPS | −$1.86 | −$1.44 | −$1.67 | −$1.19 | −$1.16 | −$0.95 | −$0.98 | −$0.28 | −$0.35 | $0.06 | $0.67 | $1.36 | $0.58 | $0.91 |
| Diluted shares (average) | 91m | 127m | 121m | 127m | 134m | 141m | 148m | 156m | 156m | 150m | 149m | 149m | 149m | 144m |
| EBITDA | −141 | −138 | −161 | −111 | −114 | −88 | −80 | 38 | 51 | 103 | 102 | 102 | 116 | 154 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Jan 2025 | 2026 Q1Apr 2025 | 2026 Q2Jul 2025 | 2026 Q3Oct 2025 | 2026 Q4Jan 2026 | 2027 Q1Apr 2026 | 2027 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 276 | 280 | 276 | 294 | 301 | 306 | 306 | 321 |
| Cost of revenue | 56 | 59 | 61 | 62 | 62 | 61 | 63 | 67 |
| Gross profit | 220 | 221 | 216 | 232 | 240 | 245 | 243 | 254 |
| Research and development | 68 | 69 | 72 | 72 | 74 | 77 | 76 | 78 |
| Selling and marketing | 95 | 97 | 99 | 102 | 103 | 100 | 102 | 107 |
| General and administrative | 34 | 37 | 38 | 38 | 37 | 38 | 38 | 36 |
| Operating income | 23 | 18 | 6 | 21 | 25 | 31 | 27 | 33 |
| Interest expense | 2 | 3 | 3 | 3 | 3 | 3 | 2 | 2 |
| Income before tax | 17 | 21 | 13 | 24 | 27 | 34 | 28 | 32 |
| Income tax | 4 | −173 | 5 | 10 | 15 | −47 | 10 | 13 |
| Net income | 13 | 194 | 8 | 13 | 12 | 82 | 18 | 19 |
| Diluted EPS | $0.05 | $1.13 | $0.02 | $0.05 | $0.05 | $0.46 | $0.08 | $0.09 |
| EBITDA | 29 | 24 | 13 | 28 | 34 | 41 | 37 | 43 |
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