Box Inc

box.com

What Do They Do?

Provides organizations with cloud software to store, secure, share, and manage business content, along with tools for content workflows and electronic signatures.

How Do They Make Money?

Organizations pay subscription fees for access to Box's platform; Box generally invoices at the start of a contract in installments and provides access throughout its term.

FY2026 revenue

Who Are Their Customers?

Organizations such as businesses, educational institutions and government bodies subscribe through Box's sales team or online portal; channel partners also sell to large and small enterprises.

Do Revenues Turn Into Profits?

Yes. It kept 10 cents of every revenue dollar as net income in FY2026 and turned 30 cents into free cash flow.

Operating income, FY2026

7% of revenue

▲ +4% vs FY2025 ($79.6M, 7%)

Net income, FY2026

10% of revenue

▼ −53% vs FY2025 ($244.6M, 22%)

Free cash flow, FY2026

30% of revenue

▲ +6% vs FY2025 ($329.7M, 30%)

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q2 FY2026, the three months to Jul 31, 2026

Revenue: ▲ +9%; vs $294M in Q2 FY2025
Net income: ▲ +43%; vs $13.4M in Q2 FY2025

Aug 25, 2026 Box issued third-quarter financial guidance. It forecast revenue of approximately $329 million and GAAP operating margin of approximately 10.0%.

Growing. Revenue grew 35% in 4 years, from $874.3M in FY2022 to $1.2B in FY2026, about 8% a year.

AI product capabilities The latest report includes connections with advanced AI models and AI features for metadata extraction, workflow automation and security; the older report framed the platform around security, collaboration, workflow and integrations.

Who Do They Compete With?

Competes with Microsoft, OpenText, Google, and Dropbox

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