NYSE$BOX

Box Inc · Q1 2027 earnings

Q1 2027 earnings · · After market close · Investor relations

Briefing

Box Inc reported Q1 FY2027 results with revenue of $306 million, up 11% year-over-year.

Box delivered revenue of $305.9 million in Q1 FY2027, representing 11% year-over-year growth. GAAP operating margin expanded to 9.0% while non-GAAP operating margin reached 27.7%, with GAAP diluted EPS of $0.08 and non-GAAP diluted EPS of $0.37. Remaining performance obligations grew 12% to $1.6 billion and non-GAAP free cash flow increased 8% to $127.7 million.

  • Revenue reached a record $305.9 million, up 11% YoY (10% in constant currency).
  • GAAP operating income rose to $27.4 million (9.0% margin) and non-GAAP operating income to $84.7 million (27.7% margin).
  • Remaining performance obligations grew to $1.6 billion (+12% YoY) and billings reached $255.4 million (+5% YoY).
  • Non-GAAP free cash flow of $127.7 million and operating cash flow of $140.2 million supported $114 million in share repurchases.

Headline financials

Total Revenue

$306M

Previous: $276M+10.7%
EPS (adj)

$0.37

Previous: $0.02+1750.0%
Revenue growth

11.0%

Previous: 4.0%+175.0%
GAAP operating margin

9.0%

Previous: 2.3%+291.3%
Non-GAAP operating margin

27.7%

Previous: 25.3%+9.5%
Remaining performance obligations

$1.6B

Previous: $1.47B+8.9%
Billings

$255M

Previous: $242M+5.4%
Operating cash flow

$140M

No prior period
Non-GAAP free cash flow

$128M

No prior period
Capital Expenditures

-$1.27M

Previous: -$349K-264.8%
Free Cash Flow

$139M

Previous: $7.85M+1670.8%
Net Income

$17.7M

Previous: $8.19M+116.3%
Operating Income

$27.4M

Previous: $6.34M+333.0%
Gross Profit

$243M

Previous: $216M+12.8%
Cash & Equivalents

$379M

Previous: $690M-45.1%
Total Assets

$1.42B

Previous: $1.64B-13.4%

Revenue & EPS history

Box · Revenue · Quarterly

$306M

Q1 2027+10.7%vs Q1 2026
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Forward guidance

Q2 FY27 revenue expected at ~$319 million (9% YoY); FY27 revenue ~$1.280 billion (9% YoY).

Tailwinds

  • Continued adoption of Enterprise Advanced and Box AI driving growth
  • Operating margin expansion expected in both GAAP and non-GAAP

Headwinds

  • FX headwinds of ~90-170 bps on revenue growth guidance
  • FX headwind of ~$0.08 on full-year GAAP and non-GAAP EPS

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+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

Earnings price reactions
QuarterReport dateReaction (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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