Box, Inc.
- Open
- 31.37
- Day high
- 31.70
- Day low
- 30.46
- Prev close
- 31.41
- Volume
- 3.0M
- Mkt cap
- $4.2B
- P/E (TTM)
- 45.2
- EPS (TTM)
- $0.67
- P/B
- 26.6
- P/S
- 3.5
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$3.1M over the last 3 months (0 open-market buys, 14 sales)
- 🏛Institutions mixed (13F)
Box, Inc. (BOX) is a Technology company listed on NYSE. The stock is down 6% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 14 sales (SEC Form 4).
Box, Inc. (BOX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BOX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 26, 2026 | $0.36 | $0.37 | +2.8% | $306M | +0.5% |
| Mar 3, 2026 | $0.33 | $0.49 | +48.5% | $306M | +0.6% |
| Dec 2, 2025 | $0.32 | $0.31 | -2.2% | $301M | +0.7% |
| Aug 26, 2025 | $0.31 | $0.33 | +6.5% | $294M | -1.6% |
| May 27, 2025 | $0.26 | $0.30 | +16.0% | $276M | +0.4% |
| Mar 4, 2025 | $0.41 | $0.42 | +2.4% | $280M | +0.9% |
| Dec 3, 2024 | $0.42 | $0.45 | +7.1% | $276M | +0.2% |
| May 28, 2024 | $0.38 | $0.39 | +3.9% | $265M | +0.5% |
| Mar 5, 2024 | $0.38 | $0.42 | +10.5% | $263M | -0.0% |
| Dec 5, 2023 | $0.38 | $0.36 | -5.3% | $262M | -0.8% |
| Aug 29, 2023 | $0.35 | $0.36 | +2.9% | $261M | +0.1% |
| May 30, 2023 | $0.27 | $0.32 | +18.5% | $252M | +1.1% |
BOX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 10, 2026 | Berkovitch Eliofficer: VP Chief Acct Ofr & Controller | Sell | 1,800 | $28.95 |
| Jul 10, 2026 | Smith Dylan Cofficer: Chief Financial Officer | Sell | 17,000 | $29.05 |
| Jun 29, 2026 | Walia Amitdirector | Grant | 8,372 | — |
| Jun 29, 2026 | Nottebohm Oliviaofficer: Chief Operating Officer | Sell | 5,834 | $24.97 |
| Jun 29, 2026 | Murphy Stephen Francisdirector | Grant | 8,372 | — |
| Jun 29, 2026 | Mayer Bethanydirector | Sell | 1,325 | $25.78 |
| Jun 29, 2026 | LAZAR JACK Rdirector | Grant | 8,372 | — |
| Jun 29, 2026 | EVAN DANA Ldirector | Grant | 8,372 | — |
| Jun 29, 2026 | Mayer Bethanydirector | Sell | 2,735 | $26.11 |
| Jun 29, 2026 | Barsamian Suedirector | Grant | 8,372 | — |
| Jun 29, 2026 | LEVIN DANIEL Jdirector | Grant | 8,372 | — |
| Jun 29, 2026 | Mayer Bethanydirector | Grant | 12,266 | — |
| Jun 24, 2026 | Levie Aarondirector, officer: Chief Executive Officer | Sell | 15,000 | $24.32 |
| Jun 22, 2026 | Nottebohm Oliviaofficer: Chief Operating Officer | Tax | 21,327 | $24.84 |
| Jun 22, 2026 | Berkovitch Eliofficer: VP Chief Acct Ofr & Controller | Sell | 2,700 | $25.32 |
Source: BOX SEC Form 4 filings, latest Jul 10, 2026. For informational purposes only — not investment advice.
See the full BOX insider & 13F page →Box, Inc. company profile
Overview
Box, Inc. (NYSE:BOX) is a cloud-based content management and collaboration platform founded in 2005 and headquartered in the San Francisco Bay Area. The company went public in January 2015 and has evolved from a simple file-sharing service into a comprehensive intelligent content management platform. Box serves approximately 100,000 paying organizations globally, offering its solutions in 25 languages across industries including financial services, healthcare, government, and legal services.
Business
Box operates in the enterprise cloud content management industry, providing what it calls an "Intelligent Content Management" platform. The company's core offering is the Box Content Cloud, a Software-as-a-Service (SaaS) platform that enables organizations to securely store, manage, share, and collaborate on digital content from any device or location. The platform encompasses several key components. Box Drive provides cloud storage and file synchronization capabilities, allowing users to access their content as if it were stored locally on their devices. Box Relay offers workflow automation tools that help organizations streamline content-driven business processes. Box Governance provides data protection, security, and compliance features to meet regulatory requirements and internal policies. The company also offers Box Sign for electronic signatures, Box Canvas for visual collaboration, and Box Notes for document creation and editing. Recently, Box has heavily invested in artificial intelligence capabilities through Box AI, which integrates large language models to enable features like document summarization, metadata extraction, and intelligent content querying. The company has also introduced Box Apps, a no-code platform for building custom workflow applications, and Enterprise Advanced, a premium tier that combines all platform capabilities. Box's revenue is primarily structured around subscription tiers, with Suites (bundled offerings like Enterprise Plus and Enterprise Advanced) representing approximately 60% of total revenue as of fiscal 2025. The company serves both individual users and enterprise customers, with particular strength in large organizations paying over $100,000 annually, of which there are approximately 1,900 customers.
Revenue model
Box operates on a subscription-based Software-as-a-Service (SaaS) business model, generating revenue primarily through recurring monthly and annual subscriptions to its cloud content management platform. The company offers multiple pricing tiers, from basic individual plans to enterprise-grade solutions, with customers paying based on the number of users (seats) and the level of functionality required. The company's revenue streams include subscription fees for its various service tiers, with Enterprise Plus and Enterprise Advanced suites commanding premium pricing due to their advanced features like unlimited AI queries, enhanced security, and workflow automation capabilities. Box also generates revenue through professional services, training, and support offerings. The company has introduced Box.ai units for high-volume AI consumption, creating an additional usage-based revenue stream for customers with intensive AI processing needs. Box's paying customers range from small businesses to large enterprises, with particular strength in regulated industries like financial services, healthcare, government, and legal services. These sectors value Box's security, compliance, and governance capabilities, which allow the company to command higher average selling prices. The company's net retention rate of 102% indicates that existing customers are expanding their usage over time, either by adding more users or upgrading to higher-tier plans. Several factors influence Box's margins and profitability. Positive factors include the company's ability to achieve economies of scale as it grows, decreasing costs of AI model providers (which reduces the expense of offering AI features), and the shift toward higher-margin suite offerings. The company's focus on large enterprise customers also supports pricing power and reduces customer acquisition costs. However, margin pressures can arise from increased competition in the cloud storage and collaboration space, the need for continuous investment in AI and security capabilities, macroeconomic headwinds that pressure customer seat expansion, and the costs associated with integrating and supporting AI models across the platform.
Competitive moat
Box's competitive moat is moderately strong but faces ongoing challenges from larger technology companies. The company's primary defensive advantages stem from its deep integration into enterprise workflows and its strong focus on security and compliance. Once organizations have migrated their content and established workflows within Box's platform, switching costs become significant due to the complexity of data migration, user training, and workflow reconfiguration. The company has built particular strength in regulated industries where its security certifications, compliance capabilities, and governance features create meaningful barriers to entry. Box's FedRAMP High compliance and other regulatory certifications provide advantages in government and highly regulated sectors. Additionally, the company's focus on content-centric AI applications, rather than general productivity tools, creates some differentiation in how organizations can leverage artificial intelligence with their existing content repositories. However, Box faces substantial competitive pressure from technology giants with deeper resources and broader product ecosystems. Microsoft with SharePoint and OneDrive, Google with Google Drive and Workspace, and Amazon with AWS storage solutions all offer competing capabilities, often bundled with other enterprise services. These competitors can leverage their existing customer relationships and offer more comprehensive solutions at competitive prices. The company's moat is further challenged by the commoditization of basic cloud storage and the rapid pace of AI development, which could erode Box's current advantages in intelligent content management. While Box has invested heavily in AI capabilities and partnerships with AI model providers, larger competitors have the resources to develop similar or superior AI features. The company's success in maintaining its competitive position will largely depend on its ability to continue innovating in content-specific AI applications and maintaining its reputation for security and compliance in regulated industries.
Risks & safety
Box demonstrates a solid but not exceptional margin of safety profile, with reasonable financial health but some areas of concern regarding valuation metrics. • Liquidity and Solvency: Strong cash position with $625 million in cash and short-term investments, generating positive free cash flow of $330 million annually. Current ratio of 1.19 indicates adequate short-term liquidity, though not exceptionally strong. • Debt and Leverage: High debt-to-equity ratio of 3.66 raises some concern about financial leverage, though the company maintains positive cash flow generation and manageable debt service requirements. • Valuation Metrics: Mixed valuation picture with P/E ratio of 19.7 appearing reasonable for a growing SaaS company, but EV/EBITDA of 61.7 suggests high valuation relative to current profitability. Price-to-book ratio of 24.4 indicates significant premium to book value. • Profitability and Growth: Operating margins have improved to 28%, demonstrating operational efficiency gains. Net retention rate of 102% indicates stable customer base with modest expansion, though this is below the 108% levels seen in previous years. • Other Considerations: The company's transition toward AI-powered features and higher-margin suite offerings provides potential upside, but execution risk remains significant given competitive pressures from larger technology companies.
Recent development
Over the past few years, Box has undergone a significant strategic transformation from a traditional cloud storage provider to an AI-powered intelligent content management platform. The most notable development has been the company's aggressive investment in artificial intelligence capabilities, culminating in the launch of Box AI in 2024, which integrates large language models to provide document summarization, metadata extraction, and intelligent querying capabilities. The company has made several strategic acquisitions to enhance its AI capabilities, including Alphamoon for intelligent document processing and Crooze for no-code enterprise content management. These acquisitions have been integrated into Box's new Enterprise Advanced offering, which represents the company's most comprehensive platform tier combining all intelligent content management capabilities. Box has also focused heavily on expanding its partner ecosystem, particularly with AI model providers like OpenAI, Google, Anthropic, and Amazon. The company has developed integrations with major enterprise software platforms including Salesforce, Microsoft Teams, and Slack, positioning itself as a content layer that can work across various business applications. From a product development perspective, Box has introduced several new capabilities including Box Apps for no-code workflow automation, Box Hubs for knowledge sharing and collaboration, Box Archive for large-scale content management, and AI Studio for creating custom AI agents. The company has also restructured its pricing model to include Box.ai units for high-volume AI consumption, creating new monetization opportunities. The go-to-market strategy has evolved to focus more heavily on suite offerings, with Enterprise Plus and Enterprise Advanced now representing 60% of total revenue. The company has also expanded its system integrator partnerships and increased its focus on specific industry verticals, particularly financial services, life sciences, and government sectors where compliance and security requirements align with Box's strengths.
BOX company profile · for informational purposes only — not investment advice.
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