$BXCAP
BOX INC
CIK:0001372612|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 31, 2026 |
Jul. 31, 2025 |
Jul. 31, 2026 |
Jul. 31, 2025 |
|
| Income Statement [Abstract] | ||||
| Revenue | $ 321,147 | $ 293,999 | $ 627,088 | $ 570,271 |
| Cost of revenue | 67,182 | 61,522 | 129,917 | 122,195 |
| Gross profit | 253,965 | 232,477 | 497,171 | 448,076 |
| Operating expenses: | ||||
| Research and development | 78,403 | 71,717 | 154,316 | 144,018 |
| Sales and marketing | 106,719 | 102,198 | 208,589 | 201,297 |
| General and administrative | 36,208 | 37,984 | 74,189 | 75,845 |
| Total operating expenses | 221,330 | 211,899 | 437,094 | 421,160 |
| Income from operations | 32,635 | 20,578 | 60,077 | 26,916 |
| Interest income | 2,814 | 6,715 | 5,800 | 13,413 |
| Interest expense | (2,404) | (2,680) | (4,805) | (5,376) |
| Other (expense) income, net | (1,189) | (872) | (1,707) | 1,932 |
| Income before income taxes | 31,856 | 23,741 | 59,365 | 36,885 |
| Provision for income taxes | 12,635 | 10,296 | 22,418 | 15,246 |
| Net income | 19,221 | 13,445 | 36,947 | 21,639 |
| Accretion and dividend on series A convertible preferred stock | (4,314) | (4,312) | (8,544) | (8,540) |
| Undistributed earnings attributable to preferred stockholders | (1,773) | (1,036) | (3,358) | (1,488) |
| Net income attributable to common stockholders | $ 13,134 | $ 8,097 | $ 25,045 | $ 11,611 |
| Net income per share attributable to common stockholders, basic | $ 0.1 | $ 0.06 | $ 0.18 | $ 0.08 |
| Net income per share attributable to common stockholders, diluted | $ 0.09 | $ 0.05 | $ 0.18 | $ 0.08 |
| Weighted-average shares used to compute net income per share attributable to common stockholders, basic | 137,379 | 144,896 | 138,250 | 144,669 |
| Weighted-average shares used to compute net income per share attributable to common stockholders, diluted | 139,719 | 151,102 | 139,914 | 150,369 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Jul. 31, 2026 |
Jan. 31, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 342,870 | $ 375,130 |
| Short-term investments | 101,266 | 102,932 |
| Accounts receivable, net | 213,682 | 325,136 |
| Deferred commissions | 44,465 | 46,102 |
| Other current assets | 55,587 | 41,973 |
| Total current assets | 757,870 | 891,273 |
| Operating lease right-of-use assets, net | 100,679 | 97,626 |
| Goodwill | 81,042 | 82,290 |
| Deferred tax assets | 268,144 | 283,997 |
| Intangible assets, net | 103,323 | 94,311 |
| Other assets, non-current | 93,176 | 96,563 |
| Total assets | 1,404,234 | 1,546,060 |
| Current liabilities: | ||
| Accounts payable, accrued expenses and other current liabilities | 84,848 | 96,983 |
| Accrued compensation and benefits | 41,388 | 57,791 |
| Deferred revenue | 589,540 | 647,893 |
| Total current liabilities | 715,776 | 802,667 |
| Debt, net, non-current | 452,212 | 451,011 |
| Operating lease liabilities, non-current | 73,146 | 76,970 |
| Other liabilities, non-current | 16,825 | 18,314 |
| Total liabilities | 1,257,959 | 1,348,962 |
| Commitments and contingencies (Note 6) | ||
| Series A convertible preferred stock, par value of $0.0001 per share; 500 shares authorized, issued and outstanding as of July 31 and January 31, 2026 | 497,421 | 496,376 |
| Stockholders' deficit: | ||
| Class A common stock, par value $0.0001 per share; 1,000,000 shares authorized; 137,201 and 140,911 shares issued and outstanding as of July 31 and January 31, 2026, respectively | 14 | 14 |
| Additional paid-in capital | 464,281 | 547,610 |
| Accumulated other comprehensive loss | (5,628) | (142) |
| Accumulated deficit | (809,813) | (846,760) |
| Total stockholders' deficit | (351,146) | (299,278) |
| Total liabilities, convertible preferred stock and stockholders' deficit | $ 1,404,234 | $ 1,546,060 |