Box(US:BOX) ZACKS·2026-03-04 17:45Core Insights - Box (BOX) reported fourth-quarter fiscal 2026 non-GAAP earnings of 49 cents per share, a 16.7% increase year over year, surpassing the Zacks Consensus Estimate by 48.48% [1] - Total revenues reached $305.9 million, beating the consensus mark by 0.61%, with a 9% year-over-year increase on a reported basis and 8% on a constant-currency basis [1] Financial Performance - Billings for the quarter were $419.8 million, reflecting a 5% year-over-year increase on a reported basis and 4% on a constant-currency basis [3] - The net retention rate was 104%, up 200 basis points year over year, with remaining performance obligations (RPO) totaling $1.7 billion, a 17% increase year over year [4] - Non-GAAP gross margin for the quarter was 82.3%, expanding 130 basis points year over year, while the operating margin was 30.6%, up 330 basis points year over year [5][6] Cash Flow and Shareholder Returns - As of January 31, 2026, cash and cash equivalents were $478 million, down from $730 million as of October 31, 2025 [7] - The company generated $110.3 million in cash from operations in the fiscal fourth quarter, an increase from $73.1 million in the previous quarter, and reported a non-GAAP free cash flow of $97.5 million [7] - Box repurchased approximately 4.4 million shares for $126 million during the quarter, with roughly $59 million remaining under its current buyback capacity [8] Guidance - For the first quarter of fiscal 2027, Box expects revenues of approximately $304 million, indicating a 10% year-over-year increase [9] - For fiscal 2027, Box anticipates revenues of about $1.275 billion, representing an 8% year-over-year increase on a reported basis and 9% on a constant-currency basis, with expected non-GAAP earnings of $1.55 per share [10][11]