BOX | 10-Q: FY2026 Q3 Revenue Beats Estimate at USD 301.11 M

Revenue: As of FY2026 Q3, the actual value is USD 301.11 M, beating the estimate of USD 298.93 M.

EPS: As of FY2026 Q3, the actual value is USD 0.05, missing the estimate of USD 0.0554.

EBIT: As of FY2026 Q3, the actual value is USD 21.53 M.

Segment Revenue

• Revenue: For the three months ended October 31, 2025, Box, Inc. reported revenue of $301.1 million, a 9% increase from $275.9 million in the same period in 2024. For the nine months ended October 31, 2025, revenue was $871.4 million, a 7% increase from $810.6 million in 2024.

Operational Metrics

• Gross Profit: For the three months ended October 31, 2025, gross profit was $239.5 million with a gross margin of 79.6%, compared to $220.4 million and a gross margin of 79.9% for the same period in 2024.
• Operating Income: Operating income for the three months ended October 31, 2025, was $25.1 million with an operating margin of 8.3%, compared to $23.4 million and an operating margin of 8.5% for the same period in 2024.
• Net Income: Net income for the three months ended October 31, 2025, was $12.1 million, compared to $12.9 million for the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities for the nine months ended October 31, 2025, was $246.1 million, compared to $230.1 million for the same period in 2024.
• Free Cash Flow: Non-GAAP free cash flow for the three months ended October 31, 2025, was $61.4 million, a 7% increase from $57.4 million for the same period in 2024.

Unique Metrics

• Remaining Performance Obligations (RPO): As of October 31, 2025, RPO was $1.5 billion, an 18% increase from $1.282 billion as of October 31, 2024.
• Billings: For the three months ended October 31, 2025, billings were $296.0 million, a 12% increase from $264.7 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: Box, Inc. continues to focus on expanding its core services and offerings, including the launch of Box Model Context Protocol (MCP) Server, Box Extract, Box Automate, and Box Shield Pro. The company also introduced the Enterprise Advanced plan to enhance customer access to its ICM platform.
• Non-Core Business: The company is focusing on industry-specific content needs, such as its collaboration with the U.S. General Services Administration (GSA) and achieving FedRAMP High Authorization to support U.S. government agencies.