Box(US:BOX) ZACKSยท2025-03-05 18:31Core Insights - Box reported fourth-quarter fiscal 2025 non-GAAP earnings of 42 cents per share, unchanged year over year, exceeding the Zacks Consensus Estimate by 2.44% [1] - Total revenues reached $279.5 million, surpassing the consensus mark by 0.19%, with a year-over-year increase of 6% on a reported basis and 8% on a constant-currency basis [2] Financial Performance - Billings for the quarter were $398.6 million, reflecting a 5% year-over-year increase (7% growth on a constant-currency basis), impacted by a 150-basis-point headwind from unfavorable forex [4] - The net retention rate improved to 102%, up 100 basis points year over year, with remaining performance obligations totaling $1.466 billion, a 12% year-over-year increase [5] - Non-GAAP gross margin expanded to 81%, up 260 basis points year over year, while operating expenses increased by 13.3% to $202.8 million [7] Product and Market Developments - Box introduced the Enterprise Advanced Suites plan, which integrates various Box applications and has seen strong market adoption [6] - The attach rate for Box Suites reached 87%, up from 81% in the previous year, contributing to 60% of total revenues [4] Cash Flow and Shareholder Returns - Cash and cash equivalents increased to $624.6 million, with cash generated from operations rising to $102.2 million [8][9] - Box repurchased 1.3 million shares for $43 million in the fourth quarter, with an additional $150 million authorized for stock repurchase [9] Guidance - For Q1 fiscal 2026, Box expects revenues between $274 million and $275 million, indicating a 4% rise year over year, with non-GAAP earnings projected at 25-26 cents per share [10][11] - For fiscal 2026, revenues are expected to be between $1.15 billion and $1.16 billion, reflecting a 6% year-over-year increase, with non-GAAP earnings anticipated between $1.13 and $1.17 per share [12][13]