NYSE$BOX

Box Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Box reported an 8% increase in revenue year-over-year and a GAAP operating margin increase of 13 percentage points year-over-year.

Box, Inc. announced preliminary financial results for the fourth quarter and full fiscal year ended January 31, 2021. Fourth quarter revenue was $198.9 million, an increase of 8% year-over-year. GAAP operating margin was negative 2%, up 13 percentage points year-over-year. Remaining performance obligations were $896.9 million, up 17% year-over-year.

  • Achieved a significantly stronger balance of growth and profitability.
  • Growing demand for products like Shield and Relay continues to accelerate adoption of bundled Suite offerings.
  • Expanded product portfolio with Box Sign, Box’s e-signature capability natively embedded in a cloud content management platform built for the enterprise.
  • Combined revenue growth plus free cash flow margin outcome of 26% in fiscal 2021, up from 13% a year ago.

Headline financials

Total Revenue

$199M

Previous: $184M+8.3%
EPS (adj)

$0.22

Previous: $0.07+214.3%
Billings

$310M

No prior period
Free Cash Flow

$41M

Previous: -$34K+120688.2%
Net Income

-$4.94M

Previous: -$30.4M+83.7%
Operating Income

-$3.28M

Previous: -$28.6M+88.5%
Gross Profit

$140M

No prior period
Cash & Equivalents

$595M

No prior period
Total Assets

$1.35B

No prior period
Stock-Based Comp

$38.9M

No prior period

Revenue & EPS history

Box · Revenue · Quarterly

$199M

Q4 2021+8.3%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Q1 FY22 Guidance: Revenue is expected to be in the range of $200 million to $201 million. GAAP basic and diluted net loss per share are expected to be in the range of $0.06 to $0.05. Non-GAAP diluted net income per share is expected to be in the range of $0.16 to $0.17. Full Year FY22 Guidance: Revenue is expected to be in the range of $840 million to $848 million. GAAP basic and diluted net loss per share are expected to be in the range of $0.25 to $0.20. Non-GAAP diluted net income per share is expected to be in the range of $0.76 to $0.81

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 Q4 2021

Historical avgQ4 2021

+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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