BOX INC (BOX) FY2026 10-K Annual Report
BOX INC (BOX) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Mar 9, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
BOX INC FY2026 10-K Analysis
Business Overview
- • Core SaaS platform for Intelligent Content Management across unstructured data lifecycle with advanced security, compliance, and global scalability
- • Launched Box Shield Pro (Dec 2025) with AI Classification Agent, enhanced ransomware detection, and AI Threat Analysis Agent for security
- • Emphasized expansion of AI integration: introduced Box AI Studio, Box Extract (Jan 2026), and Box AI API enabling custom AI agents and metadata extraction
- • Over 100,000 paying organizations, solution offered in 25 languages, serving broad enterprise use cases with partner ecosystem and 1,500+ integrations
- • Noteworthy AI partnerships include Microsoft Azure OpenAI, Google Cloud Vertex AI, Anthropic Claude, and Amazon Titan via Bedrock for model neutrality
Management Discussion & Analysis
- • Revenue $1,177.3M, up 8% YoY from $1,090.1M, driven by seat growth and multi-product Suites attach rates
- • Gross margin 79.2% vs 79.1%, cost of revenue 20.8% vs 20.9%, small margin improvement despite $16.5M cost increase
- • Best segment: Subscription and premier services growth; worst: professional services immaterial
- • Operating cash flow $356.5M up from $332.3M; used $42.7M investing, $569.5M financing driven by convertible notes repayment and stock buybacks
- • Management expects R&D, sales and marketing, G&A to increase in dollars but decline as % revenue; expects net retention >100%, notes budget scrutiny pressure
Risk Factors
- • Regulatory/legal risk: Compliance challenges from EU AI Act adopted May 2024 imposing significant AI system obligations in EU
- • Geopolitical/macroeconomic threat: Russia-Ukraine conflict and Middle East conflicts causing economic uncertainty impacting customer IT budgets
- • Operational/supply chain vulnerability: Service outages and performance issues requiring costly service credits have occurred and may impact revenue
- • Competitive disruption risk: Competition from Microsoft (SharePoint, OneDrive), Google (Drive), Dropbox; accelerating AI adoption by competitors could reduce demand
- • Financial/structural risk: Dependence on customer subscription renewals with net retention rate ~104% in FY 2026, fluctuations could materially impact revenue
BOX INC FY2026 Key Financial MetricsXBRL
Revenue
$1.2B
▲ +8.0% YoY
Net Income
$115M
▼ -52.8% YoY
Gross Margin
79.2%
▲ +14bp YoY
Operating Margin
7.1%
▼ -24bp YoY
Net Margin
9.8%
▼ -1264bp YoY
ROE
-38.6%
▲ +4382bp YoY
Total Assets
$1.5B
▼ -7.3% YoY
EPS (Diluted)
$0.58
▼ -57.4% YoY
Operating Cash Flow
$356M
▲ +7.3% YoY
Source: XBRL data from BOX INC FY2026 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on BOX INC
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.