Box (BOX) reported R&D of $75.91M in Q1 2026.

How has Box's R&D changed year-over-year?

Box's R&D increased by 5.0% year-over-year, from $72.3M to $75.91M.

What is the long-term trend for Box's R&D?

Over 4 years (2021 to 2025), Box's R&D has grown at a 7.7% compound annual growth rate (CAGR), from $218.52M to $294.54M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Box BOX R&D

R&D at other companies

MicrosoftMSFT

$8.92B+8.7%

Open TextOTEX

$171.17M-13.3%

DocuSignDOCU

$159.59M+0.1%

DropboxDBX

$184.2M+3.3%

Cloudflare, Inc.NET

$150.97M+31.2%

Alphabet Inc.GOOGL

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Other financials

Income statement

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Revenue$305.9M+10.7%

Gross profit$243.2M+12.8%

Operating income$27.4M+333%

Net income$17.7M+116%

EPS (diluted)$0.08+300%

Balance sheet

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Cash & equivalents$378.8M-45.1%

Total debt$563.7M-25.0%

Total equity-$338.4M-20.8%

Total assets$1.4B-13.4%

Cash flow

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Operating cash flow$140.2M+10.3%

CapEx$1.3M+309%

Free cash flow$138.9M+9.6%

Valuation

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Market cap$3.46B-24.3%

Profitability

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Gross margin79.6%+0.5pp

Operating margin8.6%+2.5pp

Net margin10.3%-11.0pp

FCF margin30%+0.4pp

Returns & leverage

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Return on equity-39.2%—

Debt / equity5.9×—

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Box in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Box’s 10-Q, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Box's R&D?: Box (BOX) reported R&D of $75.91M in Q1 2026.
How has Box's R&D changed year-over-year?: Box's R&D increased by 5.0% year-over-year, from $72.3M to $75.91M.
What is the long-term trend for Box's R&D?: Over 4 years (2021 to 2025), Box's R&D has grown at a 7.7% compound annual growth rate (CAGR), from $218.52M to $294.54M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.