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Box, Inc. provides a cloud content management platform that enables organizations of various sizes to manage cloud content from anywhere and on any device in the United States, Poland, the United Kingdom, and internationally. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration, workspaces to e-signature processes, and content workflows improving employee productivity and accelerating business processes. It offers web, mobile, and desktop applications of its solutions on a platform, as well as the ability to develop custom applications. The company was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011. Box, Inc. was incorporated in 2005 and is headquartered in Redwood City, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $1.2B | $142M | $115M | $315M | -38.6% | 8.0% | -52.8% |
| 2025 | $1.1B | $113M | $245M | $302M | -82.4% | 5.0% | 89.6% |
| 2024 | $1.0B | $118M | $129M | $297M | -29.9% | 4.7% | 381.8% |
| 2023 | $991M | $105M | $27M | $281M | -5.1% | - | - |
| 2022 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 990.87 | 1,037.74 | 1,090.13 | 1,177.25 |
| Operating Revenue | - | 990.87 | 1,037.74 | 1,090.13 | 1,177.25 |
| Cost Of Revenue | - | 252.56 | 260.61 | 228.10 | 244.65 |
| Gross Profit | - | 738.32 | 777.13 | 862.02 | 932.61 |
| Operating Expense | - | 701.48 | 726.38 | 782.39 | 849.42 |
| Research And Development | - | 243.53 | 248.77 | 264.85 | 294.54 |
| Selling General And Administration | - | 457.95 | 477.61 | 517.54 | 554.88 |
| Total Expenses | - | 954.03 | 986.99 | 1,010.50 | 1,094.06 |
| Operating Income | - | 36.84 | 50.75 | 79.63 | 83.19 |
| Total Operating Income As Reported | - | 36.84 | 50.75 | 79.63 | 83.19 |
| EBITDA | - | 105.27 | 117.67 | 113.34 | 142.34 |
| Normalized EBITDA | - | 105.27 | 117.67 | 113.34 | 142.34 |
| EBIT | - | 39.28 | 66.43 | 91.24 | 109.43 |
| Interest Income | - | 5.90 | 18.71 | 23.71 | 24.74 |
| Interest Expense | - | 4.87 | 3.84 | 6.08 | 10.70 |
| Net Interest Income | - | 1.03 | 14.87 | 17.63 | 14.04 |
| Other Non Operating Income Expenses | - | -3.46 | -3.04 | -12.11 | 1.50 |
| Other Income Expense | - | -3.46 | -3.04 | -12.11 | 1.50 |
| Interest Income Non Operating | - | 5.90 | 18.71 | 23.71 | 24.74 |
| Interest Expense Non Operating | - | 4.87 | 3.84 | 6.08 | 10.70 |
| Net Non Operating Interest Income Expense | - | 1.03 | 14.87 | 17.63 | 14.04 |
| Pretax Income | - | 34.41 | 62.59 | 85.16 | 98.73 |
| Tax Provision | - | 7.62 | -66.45 | -159.46 | -16.65 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 26.78 | 129.03 | 244.62 | 115.38 |
| Net Income From Continuing And Discontinued Operation | - | 26.78 | 129.03 | 244.62 | 115.38 |
| Net Income From Continuing Operation Net Minority Interest | - | 26.78 | 129.03 | 244.62 | 115.38 |
| Net Income | - | 26.78 | 129.03 | 244.62 | 115.38 |
| Net Income Common Stockholders | - | 8.57 | 99.15 | 201.57 | 87.05 |
| Net Income Including Noncontrolling Interests | - | 26.78 | 129.03 | 244.62 | 115.38 |
| Normalized Income | - | 26.78 | 129.03 | 244.62 | 115.38 |
| Diluted NI Availto Com Stockholders | - | 8.57 | 99.15 | 201.57 | 87.05 |
| Basic Average Shares | - | 143.59 | 144.20 | 144.23 | 144.20 |
| Diluted Average Shares | - | 150.19 | 148.59 | 148.64 | 149.16 |
| Reconciled Depreciation | - | 65.99 | 51.24 | 22.10 | 32.91 |
| Reconciled Cost Of Revenue | - | 252.56 | 260.61 | 228.10 | 244.65 |
| Preferred Stock Dividends | - | 17.11 | 17.10 | 17.14 | 17.14 |
| General And Administrative Expense | - | 126.55 | 128.97 | 137.38 | 150.88 |
| Other Gand A | - | 126.55 | 128.97 | 137.38 | 150.88 |
| Total Other Finance Cost | 9.84 | 2.43 | -11.83 | - | - |
| Selling And Marketing Expense | - | 331.40 | 348.64 | 380.15 | 403.99 |
| Otherunder Preferred Stock Dividend | - | 1.11 | 12.78 | 25.91 | 11.19 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Box, Inc.this co. | BOX | $3.7B | 32.14↑ premium | -12.39 | -38.6% | 27.13 |
| Life360, Inc. | LIF | $3.9B | 25.68 | 7.07 | 27.5% | 112.98 |
| Extreme Networks, Inc. | EXTR | $3.9B | - | 59.05 | -11.4% | 98.02 |
| Badger Meter, Inc. | BMI | $3.7B | 26.37 | 5.24 | 19.9% | 16.10 |
| RingCentral, Inc. | RNG | $3.7B | 85.09 | -6.28 |
| - |
| - |
| - |
| - |
| -7.4% |
| 14.30 |
| Itron, Inc. | ITRI | $3.6B | 11.94 | 2.09 | 17.5% | 9.27 |
| Insight Enterprises, Inc. | NSIT | $3.6B | 22.81 | 2.18 | 9.5% | 11.55 |
| Adeia Inc. | ADEA | $3.6B | 32.13 | 7.43 | 23.1% | 16.36 |
| Sunrun Inc. | RUN | $3.5B | 7.86 | 1.13 | 14.4% | 32.03 |
| Peer Median | - | 25.68 | 3.71 | 16.0% | 16.23 | |