NYSE$BOX
Box Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Box reported strong results driven by revenue growth and expanded operating margins.
Box's Q4 2023 revenue reached $256.5 million, a 10% increase year-over-year, with GAAP operating margin at 8% and non-GAAP operating margin at 26%.
- Revenue for the fourth quarter of fiscal year 2023 was $256.5 million, a 10% increase year-over-year.
- GAAP operating income in the fourth quarter of fiscal year 2023 was $19.7 million, or 7.7% of revenue.
- Non-GAAP operating income in the fourth quarter of fiscal year 2023 was $66.6 million, or 26.0% of revenue.
- Non-GAAP free cash flow in the fourth quarter of fiscal year 2023 was $74.7 million, an increase of 124% year-over-year.
Headline financials
Revenue & EPS history
Box · Revenue · Quarterly
$256M
Forward guidance
Box provided guidance for Q1 FY24 and full year FY24, including revenue, operating margin, and EPS expectations.
Tailwinds
- Revenue is expected to be in the range of $248 million to $250 million, up 5% year-over-year at the high end of the range, or 10% growth on a constant currency basis.
- GAAP operating margin is expected to be approximately 0.5%, and non-GAAP operating margin is expected to be approximately 21%.
- GAAP net loss per share attributable to common stockholders is expected to be in the range of $0.04 to $0.03.
- Non-GAAP diluted net income per share attributable to common stockholders is expected to be in the range of $0.26 to $0.27.
- Revenue is expected to be in the range of $1.050 billion to $1.060 billion, up 7% year-over-year at the high end of the range, or 10% growth on a constant currency basis.
Headwinds
- Q1 FY24 GAAP EPS guidance includes an expected negative impact of $0.06 from unfavorable foreign exchange rates.
- Q1 FY24 Non-GAAP EPS guidance includes an expected negative impact of $0.06 from unfavorable foreign exchange rates.
- Full Year FY24 GAAP EPS guidance includes an expected negative impact of $0.14 from unfavorable foreign exchange rates.
- Full Year FY24 Non-GAAP EPS guidance includes an expected negative impact of $0.14 from unfavorable foreign exchange rates.
- Weighted-average basic and diluted shares outstanding are expected to be approximately 145 million and 153 million, respectively.
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 2023
+0.1%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-1.6%
Avg return
30 days after
51%
23 / 45 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 | -3.8% | +12.4% | — | |
| 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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