BOX

EX-99.1

2 box-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Box Reports First Quarter Fiscal 2027 Financial Results

Revenue of $306 Million, up 11% Year-Over-Year, up 10% in Constant Currency Remaining Performance Obligations of $1.6 Billion, up 12% Year-Over-Year, up 16% in Constant Currency GAAP Operating Margin of 9% and Non-GAAP Operating Margin of 27.7% GAAP Net Income Per Share of $0.08 and Non-GAAP Net Income Per Share of $0.37

REDWOOD CITY, Calif. – May 26, 2026 – Box, Inc. (NYSE:BOX), the leading Intelligent Content Management (“ICM”) platform, today announced preliminary financial results for the first quarter of fiscal year 2027, which ended April 30, 2026.

“Box delivered a strong start to FY27 as organizations are increasingly turning to our Intelligent Content Management platform to unlock more value from their unstructured data with AI,” said Aaron Levie, co-founder and CEO of Box. “Customers are adopting Enterprise Advanced to manage and connect their organization’s unique content to AI agents allowing them to securely build intelligent workflows, automate work, and accelerate decision-making at scale. We are continuing to innovate rapidly across our platform and are excited by the opportunity ahead as we remain at the center of customers’ broader AI ecosystems.”

“We delivered robust first quarter results, exceeding our guidance on revenue, billings, operating margin and net retention rate," said Dylan Smith, co-founder and CFO of Box. “Continued customer adoption of Enterprise Advanced and our Box AI solutions are driving accelerating revenue growth and expanding operating margins. We remain focused on executing against the significant opportunity in front of us and on delivering long-term value for our shareholders.”

Fiscal First Quarter Financial Highlights

All comparisons are against the prior year comparable quarter

• Record revenue of $305.9 million, up 11%, or 10% on a constant currency basis.

• Remaining performance obligations (“RPO”) of $1.6 billion, up 12%, or 16% on a constant currency basis. Short-term RPO of $880.2 million, up 8%, or 12% on a constant currency basis. Long-term RPO of $761.7 million, up 16%, or 22% on a constant currency basis.

• Billings of $255.4 million, up 5%, or 13% on a constant currency basis.

• GAAP gross profit of $243.2 million, or 79.5% of revenue, up from $215.6 million, or 78.0% of revenue.

• Non-GAAP gross profit of $249.4 million, or 81.5% of revenue, up from $222.3 million, or 80.5% of revenue.

• GAAP operating income of $27.4 million, or 9.0% of revenue, up from $6.3 million, or 2.3% of revenue.

• Non-GAAP operating income of $84.7 million, or 27.7% of revenue, up from $69.8 million, or 25.3% of revenue.

• GAAP diluted earnings per share (“EPS”) of $0.08, compared to $0.02, impacted by $0.01 from unfavorable foreign currency exchange rates.

• Non-GAAP diluted EPS of $0.37, compared to $0.30, impacted by $0.01 from unfavorable foreign currency exchange rates.

• Net cash provided by operating activities of $140.2 million, up 10%.

• Non-GAAP free cash flow of $127.7 million, up 8%.

Growth on a constant currency basis and impact from foreign exchange is determined by comparing current period reported results with the current results calculated using the equivalent rates in the prior period, excluding the effect of hedging.

For more information on the non-GAAP financial measures and key metrics discussed in this press release, please see the section titled, “About Non-GAAP Financial Measures and Other Key Metrics,” and the reconciliations of non-GAAP financial measures and certain key metrics to their nearest comparable GAAP financial measures at the end of this press release.

Recent Business Highlights

• Delivered wins or expansions with leading organizations across a variety of industries, including Legal (DLA Piper and Paul, Weiss, Rifkind, Wharton & Garrison LLP), Life Sciences (Alnylam Pharmaceuticals and Bioprojet Biotech), Media & Entertainment (Penguin Random House and Endemol France), Professional Services (CBRE and Cushman & Wakefield), Public Sector (State of Hawaii and County of Miami-Dade), Retail (L'Oréal Canada and Williams Sonoma), and Telecommunications (BT Group and NTT DOCOMO SOLUTIONS, Inc.).

• Recognized as a Leader in the 2026 Gartner Magic Quadrant for Document Management, validating Box’s standing in the market and reinforcing the company’s commitment to building the most secure AI-powered enterprise content platform in the industry.

• Announced the new Box Agent, a unified AI engine across Box that leverages the latest advanced reasoning models to securely search company files, analyze and synthesize critical data, and generate new content – all while respecting Box’s enterprise-grade security, governance, and permissions controls.

• Announced the general availability of Box Automate, an enterprise grade agentic workflow solution centered around content and built to dynamically route work across people, Bo

8-K

0001372612falseBOX INC00013726122026-03-032026-03-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 03, 2026

Box, Inc. (Exact name of Registrant as Specified in Its Charter)

Delaware

001-36805

20-2714444

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

900 Jefferson Ave.

Redwood City, California

94063

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (877) 729-4269

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, $0.0001 par value per share

BOX

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On March 3, 2026, Box, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter and year ended January 31, 2026. In the press release, the Company also announced that it will hold a conference call on March 3, 2026 to discuss its financial results for the fiscal quarter and year ended January 31, 2026. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This information is intended to be furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. (d)Exhibits.

Exhibit No.

Description

99.1

Press release issued by Box, Inc., dated March 3, 2026, regarding the Company's financial results for the quarter and year ended January 31, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BOX, INC.

Date:

March 3, 2026

By:

/s/ Dylan Smith

Dylan Smith, Chief Financial Officer

8-K

0001372612falseBOX INC00013726122025-12-022025-12-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 02, 2025

Box, Inc. (Exact name of Registrant as Specified in Its Charter)

Delaware

001-36805

20-2714444

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

900 Jefferson Ave.

Redwood City, California

94063

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (877) 729-4269

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, $0.0001 par value per share

BOX

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On December 2, 2025, Box, Inc. (the “Company”) issued a press release announcing its financial results for the third fiscal quarter ended October 31, 2025. In the press release, the Company also announced that it will hold a conference call on December 2, 2025 to discuss its financial results for the fiscal quarter ended October 31, 2025. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. This information is intended to be furnished under Item 2.02 of Form 8-K, “Results of Operations and Financial Condition” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits. (d)Exhibits.

Exhibit No.

Description

99.1

Press release issued by Box, Inc., dated December 2, 2025, regarding the Company's financial results for the quarter ended October 31, 2025

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BOX, INC.

Date:

December 2, 2025

By:

/s/ Dylan Smith

Dylan Smith, Chief Financial Officer