Group 1 - UBS reiterated its Buy rating and $42 price target on Box, Inc. following the company's BoxWorks event in San Francisco, where new generative AI products were unveiled [1] - The company introduced several new AI products including Box AI Search Agent, Research Agent, Extract, Automate, and enhancements to Box AI Studio, along with Box Shield Pro as an add-on product [1] - Most of the AI suite was bundled into the Enterprise Advanced package, which opens additional monetization opportunities for the company [1] Group 2 - Feedback on the AI portfolio was mixed, with some partners actively promoting the Enterprise Advanced package while several customers indicated they were holding off on upgrades due to budget constraints [2] - The SKU for the Enterprise Advanced package had been available for less than a year, making it too early to see meaningful impact on results [2]

Core Point - Jack in the Box is promoting its Smashed Jack burger with a special offer during Burger Week, allowing customers to purchase the burger for $5 each day from September 12 to 18, totaling $35 for seven burgers [1] Company Summary - The Smashed Jack burger, which debuted in 2024, has been recognized as the "Best Burger in Fast Food" [1] - The promotion is available both in-store and through the Jack App, emphasizing the company's focus on accessibility and customer engagement [1]

What are you most excited about. Because there's a raft of things you're unveiling, whether it's about extracting data, whether it's about managing the raft of agents we're about to face, how are your consumers going to adopt it. Yeah.So I think the thing we're most excited about is that box. We help companies manage their unstructured data. So if you think about 90% of data in the enterprise are things like financial documents, contracts, invoices, research materials, all of that data traditionally you've ...

Core Insights - The company is focused on helping organizations manage unstructured data, which constitutes approximately 90% of enterprise data, including financial documents, contracts, and research materials [2][3] - A new workflow automation capability called Box Automate has been announced, allowing businesses to design end-to-end processes and integrate agents for automation in unstructured workflows [3][4] - The introduction of the Enterprise Advanced plan includes advanced AI capabilities and workflow features, which is expected to drive revenue growth and improve customer engagement [9][10] Industry Trends - There is a notable difference in success rates for companies that collaborate with software vendors versus those that attempt to build their own technology, with the former showing higher success [6][7] - The MIT report highlighted varying success and failure rates in AI implementations, suggesting that CIOs should consider these insights when deploying AI solutions [5][7] - The competitive landscape in the software industry is shifting, with companies needing to adapt quickly to maintain their positions, as emphasized by the historical context of disruption in the tech sector [11][13]

Box (NYSE:BOX) Investor Product Briefing Summary Company Overview - **Company**: Box, Inc. - **Event**: BoxWorks 2025 Investor Product Briefing - **Date**: September 11, 2025 Key Industry Insights - **AI Integration**: Box is focusing on integrating AI throughout the content lifecycle, emphasizing the importance of unstructured data management and automation in enterprise settings [2][11][33] - **Market Trends**: There is a growing demand for AI solutions across various sectors, particularly in public sector, financial services, and life sciences, where compliance and security are critical [47] Core Product Announcements - **AI Agents**: Introduction of AI agents designed to enhance productivity by automating workflows and managing unstructured data [4][11][16] - **Box Automate**: A new workflow automation tool that allows users to create custom workflows using AI agents without requiring coding skills [25][30] - **Box Extract**: Enhanced data extraction capabilities that significantly improve the volume of data processed, with examples showing a 60 times increase in insights from complex documents [23][24] Product Features and Enhancements - **Content Management**: Box's platform is designed to securely connect content to AI, integrating with various applications like Salesforce and Microsoft Teams [9][10] - **Security Enhancements**: Introduction of Box Shield Pro, which includes advanced security features to protect sensitive data and improve compliance [34][35] - **Classification Agent**: A new AI-driven tool that classifies documents based on context rather than just keywords, improving data security and management [39][41] Customer Use Cases - **Valmark Financial**: Successfully extracted over 250,000 data points from insurance policies, showcasing the efficiency of Box Extract [23] - **Loan Processing**: Demonstrated how Box Automate can streamline loan application reviews, allowing teams to focus on decision-making rather than paperwork [30][31] - **Innatec**: Utilized the classification agent to enhance security by automatically labeling sensitive documents, demonstrating the practical application of AI in content management [38][41] Strategic Focus - **Enterprise Advanced Plan**: Box is doubling down on its Enterprise Advanced plan, which includes new AI capabilities and aims to increase customer adoption and satisfaction [44][52] - **Market Expansion**: The integration of AI is expected to open new market opportunities, allowing Box to serve smaller companies that previously lacked the resources for complex document management systems [70][72] Financial Outlook - **Revenue Growth**: Box anticipates a 20% to 40% uplift in pricing for the Enterprise Advanced plan, reflecting the added value of new features and capabilities [52] - **Customer ROI**: Companies are finding significant ROI potential through the use of Box AI, with many reporting efficiency gains and cost savings [56] Conclusion - Box is positioning itself as a leader in AI-driven content management solutions, focusing on enhancing productivity, security, and compliance for enterprises. The integration of AI agents and automation tools is expected to drive significant growth and customer satisfaction in the coming years [45][56]

Group 1 - Box has been public for almost 10 years and is experiencing excitement around its newer AI capabilities resonating with customers [2][3] - The recent quarter showed strong financial results driven by the adoption of Enterprise Plus and the newly launched Enterprise Advanced plan [3] - Initial adoption of the new plans has contributed to outperformance in various top line metrics, indicating positive customer reception and future growth potential [3]

Financial Data and Key Metrics Changes - The company reported strong financial results driven by the adoption of new AI capabilities, which positively impacted various top-line metrics [4][28] - The net retention rate increased by one point quarter on quarter, achieving year-end targets earlier than expected [28] Business Line Data and Key Metrics Changes - The Enterprise Advanced plan launched in January has shown early momentum, contributing to improved price per seat and overall growth [28] - The company is seeing a significant increase in use cases, particularly in loan origination and document processing, which are driving customer satisfaction and operational efficiency [56][61] Market Data and Key Metrics Changes - The macroeconomic environment is described as relatively stable, with customers continuing to make purchasing decisions despite a cautious outlook [7][8] - There is a noted shift in customer engagement, with many moving from skepticism to actively trying and implementing AI solutions [53] Company Strategy and Development Direction - The company is positioning itself as an AI-first organization, focusing on integrating AI capabilities into its product offerings to enhance customer value [32][33] - The introduction of the MCP protocol is expected to facilitate better integration across platforms, allowing for more sophisticated and rapid deployments [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the importance of AI in driving new use cases and customer engagement [28][62] - The company is focused on leveraging AI to improve operational efficiencies and accelerate product development [50][51] Other Important Information - The company is committed to making AI certification mandatory for all employees to ensure a deep understanding of AI capabilities [47] - The upcoming BoxWorks conference is anticipated to showcase new features and capabilities related to the Enterprise Advanced plan [42] Q&A Session Summary Question: How is the AI revenue base evolving? - The company does not specifically track AI revenue as it considers itself an AI-first company, integrating AI capabilities across all plans [27] Question: What is driving seat growth? - Seat growth is primarily driven by expanding use cases and stabilizing churn rates, with a focus on adding back users rather than just stabilizing losses [30] Question: How does the company view the competitive landscape? - The company believes its focus on secure, compliant, and high-accuracy AI applications for unstructured data gives it a competitive edge [62] Question: What is the role of the new CRO? - The new CRO is expected to scale existing strategies and enhance customer engagement, leveraging his experience with enterprise customers [66] Question: How does the company plan to work with partners? - The company sees a significant opportunity to collaborate with partners, particularly in the context of AI, to help clients transform their content management practices [68]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2025 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 incorporation or ...

Joining me now an exclusive is Box CEO and co-founder Aaron Levy. Aaron, it's been a while. It's good to see you. >> Hey, good to see you.Thanks for having me. So, I'm really curious for some detail here around Box Enterprise Advance and particularly the uptake of these AI components. Number of headlines out saying that companies aren't really getting productivity benefit out of AI yet, but those are kind of suspect.What are you seeing on your platform. Yeah. So I think um uh f first of all there there uh t ...

Financial Performance - Box Inc reported second-quarter revenue of $294 million, exceeding estimates of $290.78 million, with adjusted EPS of 33 cents compared to estimates of 31 cents [1] - For the third quarter, Box expects revenue between $298 million and $299 million, above estimates of $297.47 million, with adjusted earnings projected at 31 to 32 cents per share, in line with estimates of 32 cents [2] - The company raised its fiscal year 2026 revenue guidance to a range of $1.17 billion to $1.175 billion, compared to the previous range of $1.165 billion to $1.17 billion, and adjusted earnings guidance to $1.26 to $1.28 per share, up from $1.22 to $1.26 per share [3] Market Reaction - Following the earnings announcement, Box shares increased by 3.4%, reaching $32.22 [3] Analyst Ratings - RBC Capital analyst Rishi Jaluria maintained an Underperform rating on Box, raising the price target from $24 to $26 [8] - UBS analyst Rich Hilliker maintained a Buy rating, increasing the price target from $40 to $42 [8]