All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, please press star 1 on your telephone keypad. I would now like to turn the conference over to Cynthia Hipponia, Vice President, Investor Relations. You may begin. Good afternoon, and welcome to Box's first quarter fiscal 2025 earnings conference call. I'm Cynthia Ponia, Vice President, Investor Relations. On the ca ...

Box, Inc. (NYSE:BOX) Q1 2025 Earnings Conference Call May 28, 2024 5:00 PM ET Company Participants Cynthia Hiponia - Vice President, Investor Relations Aaron Levie - Co-Founder and Chief Executive Officer Dylan Smith - Co-Founder and Chief Financial Officer Conference Call Participants Brian Peterson - Raymond James & Associates Pinjalim Bora - JP Morgan Securities George Kurosawa - Steve Enders Josh Baer - Morgan Stanley George Iwanyc - Oppenheimer Rishi Jaluria - RBC Capital Markets Operator Hello, thank ...

Box (BOX) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this online storage provider would post earnings of $0.38 per share when it actually produced earnings of $0.42, delivering a surprise of 10.53%.Over the last four quarters, the compan ...

Revenue and Growth - Revenue for Q1 FY25 was $264.7 million, up 5% YoY, or 8% growth on a constant currency basis[3] - Q2 FY25 revenue guidance is $268 million to $270 million, up 3% YoY at the high-end, or 6% growth on a constant currency basis[8] - Full-year FY25 revenue guidance is $1.075 billion to $1.08 billion, up 4% YoY at the high-end, or 7% growth on a constant currency basis[10] - Revenue increased to $264.7 million in April 2024, up 5.1% from $251.9 million in April 2023[29] Non-GAAP Financial Metrics - Non-GAAP operating margin for Q1 FY25 was 26.6%, exceeding guidance[3] - Non-GAAP free cash flow for Q1 FY25 was $123.2 million, up 14% YoY[3] - Non-GAAP diluted net income per share for Q1 FY25 was $0.39, up from $0.32 in Q1 FY24[3] - Non-GAAP gross margin improved to 80.2% in April 2024 from 77.9% in April 2023[34] - Non-GAAP operating income increased to $70.4 million in April 2024, up from $57.4 million in April 2023[34] - Non-GAAP net income attributable to common stockholders rose to $58.4 million in April 2024 from $47.5 million in April 2023[34] - Non-GAAP net income per share for Q3 2024 is $0.40, with a range of $0.40 to $0.41[37] - Non-GAAP net income per share for FY 2025 is $1.54, with a range of $1.54 to $1.58[37] - Non-GAAP operating margin for Q3 2024 and FY 2025 is 27.0%[39] Cash Flow and Liquidity - Box's cash and cash equivalents increased to $449.5 million as of April 30, 2024, compared to $383.7 million as of January 31, 2024[27] - Net cash provided by operating activities was $131.2 million in April 2024, up from $124.9 million in April 2023[32] - Cash, cash equivalents, and restricted cash increased to $450.4 million at the end of April 2024 from $384.3 million at the beginning of the period[32] Remaining Performance Obligations (RPO) and Billings - Remaining performance obligations (RPO) as of April 30, 2024 were $1.212 billion, up 3% YoY[3] - Box's remaining performance obligations (RPO) represent contracted revenue not yet recognized, consisting of deferred revenue and backlog[24] - Billings for April 2024 were $190.5 million, slightly down from $191.9 million in April 2023[36] - Box's billings reflect sales to new customers, subscription renewals, and expansion within existing customers, calculated by adding changes in deferred revenue and contract assets to revenue[22] Operating Expenses and Margins - Total operating expenses increased to $188.4 million in April 2024 from $181.9 million in April 2023[29] - GAAP operating margin for Q3 2024 is 6.0%, and 6.5% for FY 2025[39] - Stock-based compensation impact on operating margin is 20.5% for Q3 2024 and 20.0% for FY 2025[39] - Acquired intangible assets amortization impact on operating margin is 0.5% for both Q3 2024 and FY 2025[39] Stock-Based Compensation - Stock-based compensation expense totaled $51.2 million in April 2024, compared to $47.3 million in April 2023[30] - Stock-based compensation for Q3 2024 is $0.37 per share, and $1.45 per share for FY 2025[37] Net Income and Earnings Per Share - Net income attributable to common stockholders rose to $11.5 million in April 2024, compared to $3.7 million in April 2023[29] - Diluted GAAP net income per share for Q3 2024 is $0.06, with a range of $0.06 to $0.07[37] - Diluted GAAP net income per share for FY 2025 is $0.20, with a range of $0.20 to $0.24[37] Balance Sheet and Liabilities - Accounts receivable decreased to $143.1 million as of April 30, 2024, from $281.5 million as of January 31, 2024[27] - Deferred revenue decreased to $493.0 million as of April 30, 2024, from $562.9 million as of January 31, 2024[27] - Box's total liabilities decreased to $1.08 billion as of April 30, 2024, from $1.18 billion as of January 31, 2024[27] - Box's stockholders' deficit improved to $397.9 million as of April 30, 2024, from $431.1 million as of January 31, 2024[27] Product and Innovation - Box AI for Hubs introduced in public beta, enabling teams to unlock value from enterprise data[5] - Box Hubs public beta launched, offering a new intelligent portal solution for content curation and publishing[5] Foreign Exchange (FX) Impact - FX headwinds expected to impact full-year FY25 revenue growth by 250 basis points and operating margin by 160 basis points[6] Non-GAAP Definitions - Box defines non-GAAP gross profit as GAAP gross profit excluding stock-based compensation, intangible assets amortization, and other special items[19] - Box defines non-GAAP operating income as operating income excluding stock-based compensation, intangible assets amortization, and other special items[20] - Box defines non-GAAP net income attributable to common stockholders as GAAP net income excluding stock-based compensation, intangible assets amortization, and other special items[21]

Stock splits have become increasingly popular over the last few years, and the retail sector is beginning to take note.The stock market is roaring so far in 2024. Both the Nasdaq Composite and S&P 500 have gained approximately 11% thanks to tailwinds in the technology, energy, and pharmaceutical industries.While steady growth and strong business fundamentals are often correlated with a rising stock price, there are other things that can happen to influence buying and selling activity. More often than not, s ...

Active ETF flexibility offers investors some major advantages. That said, active funds often stick to certain style boxes. Investment style boxes, like value to growth, large or small caps, can offer simple heuristics to understand a strategy. At the same time, those style boxes come with strong arguments for or against, as with value.See more: Is Adding Interest Rate Risk Worth It?Those boxes, however, can constrain an active ETF’s inherent flexibility. Limiting one of active strategies’ strong advantages ...

your_photo Summary Following my coverage of Box, Inc. (NYSE:BOX) in October 2023, for which I recommended a hold rating as the upside potential was not attractive, this post is to provide an update on my thoughts on the business and stock. Performance wise, the stock was pretty much flattish since my update, but has surged since the 4Q24 results. Post the 4Q24 performance, I have turned bullish on the stock as leading growth operating metrics point to a turn around in growth pace, and two key developmen ...

Box (BOX) is benefiting from solid customer momentum on the back of its portfolio strength, which has been the key growth driver for the company. BOX shares have gained 13.7% on a year-to-date basis.The latest selection of Box by the Administrative Office of the U.S. Courts (“AOUSC”) to power secure cloud content management and collaboration for the Defender Services Office (“DSO”) testifies to the aforesaid fact.DSO, which supports Federal Public Defender Organizations and Criminal Justice Act panel attorn ...

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Box, Inc. (NYSE: BOX), the leading Content Cloud, today announced that the Administrative Office of the U.S. Courts (AOUSC) has selected Box to power secure cloud content management and collaboration for the Defender Services Office (DSO). With Box, DSO is able to securely share content internally as well as externally with investigators, Federal Public Defenders, and U.S. District Courts. DSO supports Federal Public Defender Organizations and Criminal Justice Act p ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-36805 Box, Inc. (Exact name of registrant as specified in its Charter) Delaware 20-2714444 (State or other jurisdiction of (I.R.S. Emp ...