NYSE$BOX
Box Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Box's Q1 2023 financial results were reported, showcasing revenue growth and increased operating margin.
Box reported strong Q1 2023 financial results with revenue of $238.4 million, an 18% increase year-over-year. The company's GAAP operating margin was breakeven, while the non-GAAP operating margin was 21%. Box also raised the midpoint of its full-year revenue guidance and increased operating margin and EPS guidance.
- Revenue for the first quarter of fiscal year 2023 was $238.4 million, an 18% increase year-over-year.
- Remaining performance obligations as of April 30, 2022, were $1.0 billion, a 16% increase year-over-year.
- Billings for the first quarter of fiscal year 2023 were $172.2 million, an 8% increase year-over-year.
- GAAP operating income in the first quarter of fiscal year 2023 was $0.6 million, compared to a GAAP operating loss of $10.3 million in the first quarter of fiscal year 2022.
Headline financials
Revenue & EPS history
Box · Revenue · Quarterly
$238M
Forward guidance
Box provided guidance for Q2 FY23 and full year FY23, including revenue, operating margin, and EPS expectations.
Tailwinds
- Revenue is expected to be in the range of $244 million to $246 million for Q2 FY23, up 15% year-over-year at the high-end of the range.
- Non-GAAP operating margin is expected to be approximately 22% for Q2 FY23.
- Non-GAAP diluted net income per share attributable to common stockholders is expected to be in the range of $0.27 to $0.28 for Q2 FY23.
- Revenue is expected to be in the range of $992 million to $996 million for full year FY23, up 14% year-over-year at the high-end of the range.
- Non-GAAP diluted net income per share attributable to common stockholders is expected to be in the range of $1.11 to $1.15 for full year FY23.
Headwinds
- GAAP operating margin is expected to be approximately 2.5% for Q2 FY23.
- GAAP basic and diluted net loss per share attributable to common stockholders are expected to be in the range of $0.02 to $0.01 for Q2 FY23.
- Revenue growth includes a negative impact of 2 percentage points from FX.
- RPO growth includes a negative impact of 6 percentage points from FX.
- Billings growth includes a negative impact of 9 percentage points from FX.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+0.1%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-1.6%
Avg return
30 days after
52%
23 / 44 earnings
Positive
+17.1%
Q1 2026
Best reaction
-23.2%
Q4 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | +10.0% | +6.4% | +0.4% | |
| Q3 2026 | +6.6% | +3.6% | -4.4% | |
| Q2 2026 | +4.4% | +4.7% | +3.9% | |
| Q1 2026 | +17.1% | +21.2% | +8.1% | |
| Q4 2025 | -3.2% | -3.9% | -10.9% | |
| Q2 2025 | +11.4% | -0.2% | -0.6% | |
| Q1 2025 | +7.6% | +2.8% | -2.8% | |
| Q4 2024 | +6.2% | +6.3% | -0.9% | |
| Q3 2024 | -9.5% | -9.5% | -8.0% | |
| Q2 2024 | -11.5% | -12.9% | -20.2% | |
| Q1 2024 | +1.6% | +4.7% | +5.9% | |
| Q4 2023 | -12.3% | -14.9% | -19.7% | |
| Q3 2023 | +7.3% | +3.4% | +14.3% | |
| Q2 2023 | -3.8% | -9.6% | -16.8% | |
| Q1 2023 | +8.1% | +5.4% | +5.0% | |
| Q4 2022 | +4.9% | +4.6% | +13.8% | |
| Q3 2022 | +6.8% | +6.7% | +10.8% | |
| Q2 2022 | -2.8% | -1.0% | -2.4% | |
| Q1 2022 | +0.6% | +3.5% | +8.8% | |
| Q4 2021 | -1.6% | -2.2% | +26.4% | |
| Q3 2021 | -9.5% | -9.4% | -3.4% | |
| Q2 2021 | +12.3% | +8.9% | -3.4% | |
| Q1 2021 | -0.2% | -0.8% | +10.0% | |
| Q4 2020 | +1.6% | +12.3% | -10.8% | |
| Q3 2020 | +13.1% | +10.7% | +4.7% | |
| Q2 2020 | +3.3% | +6.9% | +16.7% | |
| Q1 2020 | -7.1% | -5.8% | -4.9% | |
| Q4 2019 | -16.8% | -19.8% | -20.6% | |
| Q3 2019 | +4.1% | +10.3% | -2.9% | |
| Q2 2019 | -8.8% | -5.5% | -9.3% | |
| Q1 2019 | -5.8% | -4.2% | -8.3% | |
| Q4 2018 | -23.2% | -21.7% | -14.4% | |
| Q3 2018 | -7.7% | -13.3% | -7.3% | |
| Q2 2018 | +1.8% | -1.1% | +0.2% | |
| Q1 2018 | +10.3% | +3.1% | -1.8% | |
| Q4 2017 | -4.7% | -5.2% | -7.4% | |
| Q3 2017 | -1.5% | -3.7% | -9.4% | |
| Q2 2017 | +5.0% | +6.2% | +18.3% | |
| Q1 2017 | -9.7% | -6.7% | -17.8% | |
| Q4 2016 | +5.5% | — | — | |
| Q3 2016 | -3.6% | — | — | |
| Q2 2016 | -0.3% | — | — | |
| Q1 2016 | +8.1% | — | — | |
| Q4 2015 | -7.3% | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — |
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