Box, Inc. Reports $1.18 Billion Revenue with 8% Growth for Fiscal Year Ending January 31, 2026

Box, Inc. reported a revenue of $1.18 billion for the fiscal year ending January 31, 2026, marking an 8% increase from $1.09 billion in the previous year. The company's gross profit for the same period was $932.6 million, resulting in a gross margin of 79.2%, slightly up from 79.1% in the prior year. Operating income also saw a modest rise to $83.2 million, with an operating margin of 7.1%, compared to $79.6 million and 7.3% in the previous fiscal year. Net income attributable to common stockholders was $87.1 million, translating to a diluted earnings per share of $0.58, down from $1.36 in the prior year.

The company experienced a significant increase in its remaining performance obligations, which rose to $1.71 billion, a 17% increase from $1.47 billion in the previous year. This growth was attributed to expansions within existing customer accounts and the addition of new customers. Box's net retention rate improved to 104%, up from 102% in the previous year, indicating a strong ability to retain and expand revenue from existing customers. The total number of paying organizations exceeded 100,000, with the company continuing to focus on larger enterprises and international growth.

Strategically, Box launched several new products and enhancements during the fiscal year, including Box Extract for metadata extraction, Box Automate for workflow automation, and Box Shield Pro for enhanced security capabilities. The company also expanded its product offerings to include advanced AI features, which are expected to drive further adoption and engagement. Box's sales and marketing expenses increased to $404 million, reflecting its commitment to capturing market opportunities and enhancing customer engagement.

Operationally, Box reported a total employee headcount of 2,912 as of January 31, 2026, with no labor union representation. The company continues to invest in its workforce and infrastructure to support its growth strategy. Cash provided by operating activities was $356.5 million, a 7% increase from the previous year, while non-GAAP free cash flow reached $312.9 million, up 3% year-over-year. Looking ahead, Box anticipates continued growth driven by its strategic initiatives, product innovations, and expanding customer base, despite potential macroeconomic challenges.