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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$4.41B-4.8%
Enterprise value$4.6B-2.7%
P/E35.3×+15.1×
P/S3.7×-0.5×

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 source filing: Box’s 10-Q, filed May 27, 2026.

Filed
May 27, 2026, 4:05 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-241872
Line itemThree Months Ended / April 30, 2026Three Months Ended / April 30, 2025
Cost of revenue62,73560,673
Gross profit243,206215,599
Operating expenses:
Research and development75,91372,301
Sales and marketing101,87099,099
General and administrative37,98137,861
Total operating expenses215,764209,261
Income from operations27,4426,338

Item 1. Financial Statements

FAQ

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.

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