BOX INC

BOX 10-K · FY 2026

BOX FY 2026 request

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Income Statement

Income Statement
Metric FY 2026 FY 2025 YoY
Revenue 1,177,253 1,090,130 +8.0%
Cost of Revenue 244,647 228,105 +7.3%
Gross Profit 932,606 862,025 +8.2%
Research & Development 294,542 264,853 +11.2%
Sales & Marketing 403,992 380,154 +6.3%
General & Administrative 150,883 137,384 +9.8%
Operating Expenses 849,417 782,391 +8.6%
Operating Income 83,189 79,634 +4.5%
Interest Income 24,740 23,709 +4.3%
Interest Expense -10,698 -6,075 -76.1%
Other Non-Operating Income (Expense) 1,498 -12,108 +112.4%
Income Before Taxes 98,729 85,160 +15.9%
Income Tax Expense (Benefit) -16,654 -159,461 +89.6%
Net Income 115,383 244,621 -52.8%
Show Equity Components breakouts
Retained Earnings 115,383 244,621 -52.8%
Accretion And Dividend On Preferred Stock -17,138 -17,143 0.0%
Undistributed Earnings Loss Allocated To Participating Securities Basic -11,192 -25,911 +56.8%
Net Income Loss Available To Common Stockholders Basic 87,053 201,567 -56.8%
EPS (Basic) 0.6 1.4 -57.1%
EPS (Diluted) 0.58 1.36 -57.4%
Wtd Avg Shares (Basic) 144,195 144,228 -0.0%
Wtd Avg Shares (Diluted) 149,155 148,643 +0.3%
Comprehensive Income 127,162 242,386 -47.5%
Other Comprehensive Income 11,779 -2,235 +627.0%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 11,779 -2,235 +627.0%

Balance Sheet

Balance Sheet
Metric FY 2026 FY 2025 YoY
Current Assets
Cash & Cash Equivalents 375,130 624,575 -39.9%
Short-Term Investments 102,932 98,241 +4.8%
Accounts Receivable 325,136 292,707 +11.1%
Capitalized Contract Cost Net Current 46,102 45,934 +0.4%
Other Assets Current 41,973 36,322 +15.6%
Total Current Assets 891,273 1,097,779 -18.8%
Non-Current Assets
Property, Plant & Equipment 23,847 24,979 -4.5%
Operating Lease Right-of-Use Assets 97,626 77,970 +25.2%
Goodwill 82,290 76,969 +6.9%
Capitalized Contract Cost Net Noncurrent 65,689 62,780 +4.6%
Deferred Tax Assets 283,997 245,417 +15.7%
Other Non-Current Assets 7,027 7,116 -1.3%
Total Assets 1,546,060 1,667,520 -7.3%
Intangible Assets 94,311 74,510 +26.6%
Other Assets
Intangible Assets Net Excluding Goodwill 94,311 74,510 +26.6%
Current Liabilities
Accounts Payable Accrued Expenses And Other Current Liabilities 96,983 80,069 +21.1%
Employee Related Liabilities Current 57,791 49,721 +16.2%
Deferred Revenue (Current) 647,893 588,379 +10.1%
Total Current Liabilities 802,667 922,076 -13.0%
Non-Current Liabilities
Long-Term Debt 451,011 448,638 +0.5%
Operating Lease Liabilities 76,970 68,771 +11.9%
Other Non-Current Liabilities 18,314 30,759 -40.5%
Total Liabilities 1,348,962 1,470,244 -8.2%
Long-Term Debt (Q)
Show Debt Instrument breakouts
1.50% Convertible Senior Notes Due September 15, 2029 · Convertible Debt 451,011 448,638 +0.5%
Other Liabilities
Temporary Equity Carrying Amount Attributable To Parent 496,376 494,238 +0.4%
Show Statement Class Of Stock breakouts
Convertible Preferred Stock 496,376 494,238 +0.4%
Stockholders' Equity
Common Stock 14 14 0.0%
Additional Paid In Capital Common Stock 547,610 677,088 -19.1%
Accumulated Other Comprehensive Income -142 -11,921 +98.8%
Retained Earnings -846,760 -962,143 +12.0%
Total Stockholders' Equity -299,278 -296,962 -0.8%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -142 -11,921 +98.8%
Additional Paid In Capital 547,610 677,088 -19.1%
Common Stock · Common Class A 14 14 0.0%
Retained Earnings -846,760 -962,143 +12.0%
Total Liabilities & Equity 1,546,060 1,667,520 -7.3%

Cash Flow Statement

Cash Flow Statement
Metric FY 2026 FY 2025 YoY
Operating Activities
Net Income 115,383 244,621 -52.8%
Depreciation And Amortization 32,908 22,103 +48.9%
Stock-Based Compensation 233,716 219,003 +6.7%
Capitalized Contract Cost Amortization 53,343 52,561 +1.5%
Deferred Income Taxes -31,544 -171,225 +81.6%
Other Non-Cash Items -5,551 -2,101 -164.2%
Change in Accounts Receivable -31,215 -14,478 -115.6%
Increase Decrease In Capitalized Contract Costs -56,449 -52,333 -7.9%
Increase Decrease In Operating Lease Right Of Use Assets Net 21,541 23,279 -7.5%
Increase Decrease In Other Operating Assets -3,313 -5,386 +38.5%
Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities 6,805 6,391 +6.5%
Increase Decrease In Operating Lease Liabilities -26,111 -28,062 +7.0%
Change in Deferred Revenue 46,937 27,745 +69.2%
Net Cash from Operations 356,450 332,257 +7.3%
Investing Activities
Payments To Acquire Short Term Investments -104,363 -121,338 +14.0%
Proceeds From Maturities Prepayments And Calls Of Shortterm Investments 102,600 119,896 -14.4%
Capital Expenditures -6,074 -2,573 -136.1%
Proceeds From Sale Of Property Plant And Equipment 309 8,395 -96.3%
Payments To Acquire Intangible Assets -35,174 -27,633 -27.3%
Net Cash from Investing -42,702 -23,211 -84.0%
Financing Activities
Principal Payments Upon Maturity Of Two Thousand Twenty Six Convertible Notes -205,000
Share Repurchases -289,845 -211,060 -37.3%
Payments Of Dividends Preferred Stock And Preference Stock -15,000 -15,000 0.0%
Proceeds From Stock Options Exercised 1,455 19,050 -92.4%
Proceeds From Issuance Of Common Stock 27,168 25,910 +4.9%
Tax Withholding for Share Compensation -85,278 -79,256 -7.6%
Proceeds From Payments For Other Financing Activities -3,022 -3,774 +19.9%
Net Cash from Financing -569,522 -62,362 -813.3%
Supplemental
Income Taxes Paid 12,510 13.6 +91885.3%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 6,352 -4,831 +231.5%
Net Change in Cash -249,422 241,853 -203.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 376,688 626,110 -39.8%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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