Box, Inc. (NYSE:BOX) Q4 2024 Earnings Conference Call March 5, 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 Joshua Baer - Morgan Stanley Pinjalim Bora - JPMorgan Steven Enders - Citi John Messina - Raymond James Richard Hilliker - UBS Sebastien Naji - William Blair George Iwanyc - Oppenheimer Rishi Jaluria - RBC Capital Markets Op ...

Revenue Performance - Fourth quarter revenue was $263 million, a 2% increase from $256.5 million in the same quarter last year, or 4% growth on a constant currency basis [4]. - Fiscal 2024 revenue reached $1.04 billion, a 5% increase from $0.991 billion in fiscal 2023, or 7% growth on a constant currency basis [9]. - Total revenue for the three months ended January 31, 2024, was $262,878,000, a 2% increase from $256,476,000 in the same period of 2023 [44]. - Revenue is expected to be in the range of $1.08 billion to $1.085 billion, representing a 5% year-over-year increase at the high end of the range, or 6% growth on a constant currency basis [24]. - For Q1 FY25, revenue is expected to be in the range of $261 million to $263 million, representing a 4% year-over-year increase at the high end of the range [17]. Profitability Metrics - Fourth quarter GAAP operating margin was 8%, while non-GAAP operating margin was 26.7%, both exceeding guidance [1]. - Fiscal 2024 GAAP net income per share was $0.67, and non-GAAP net income per share was $1.46, both exceeding guidance [1]. - GAAP net income attributable to common stockholders for the three months ended January 31, 2024, was $84,082 thousand, significantly higher than $14,370 thousand in the same period last year [52]. - Non-GAAP net income attributable to common stockholders for the fiscal year ended January 31, 2024, reached $216,673 thousand, compared to $180,406 thousand in 2023, reflecting a growth of 20.1% [52]. - GAAP operating margin is projected to be approximately 7%, while non-GAAP operating margin is expected to be around 27% [24]. Cash Flow and Financial Position - Non-GAAP free cash flow in the fourth quarter was $81.8 million, a 10% increase from $74.7 million in the same quarter last year [9]. - The company reported a net cash provided by operating activities of $89,339,000 for the three months ended January 31, 2024, compared to $92,187,000 in the same period of 2023 [47]. - Cash and cash equivalents as of January 31, 2024, were $383,742,000, down from $428,465,000 a year earlier, indicating a decrease of 10.5% [44]. - Total current assets increased to $842,180,000 as of January 31, 2024, compared to $806,763,000 in 2023, reflecting a growth of 4.4% [44]. - The company’s total stockholders' deficit improved to $(431,062,000) as of January 31, 2024, from $(523,851,000) in 2023, showing a reduction of 17.6% [44]. Performance Obligations and Billings - Remaining performance obligations (RPO) as of January 31, 2024, were $1.305 billion, a 5% increase from $1.245 billion a year earlier, or 9% growth on a constant currency basis [4]. - Box considers billings a significant performance measure, reflecting sales to new customers, subscription renewals, and expansions within existing customers [35]. - Billings for the three months ended January 31, 2024, were $379,278 thousand, an increase from $357,095 thousand in the same period of 2023, representing a growth of 6.2% [52]. - Remaining performance obligations (RPO) represent contracted revenue not yet recognized, consisting of deferred revenue and backlog, and are monitored as a leading indicator of future revenue [36]. - Deferred revenue at the end of the period for January 31, 2024, was $586,871 thousand, up from $566,630 thousand at the end of January 31, 2023 [52]. Stock Repurchase and Compensation - The company announced a new $100 million expansion of its stock repurchase program [12]. - The company incurred total stock-based compensation expenses of $47,266,000 for the three months ended January 31, 2024, compared to $44,984,000 in the same period of 2023, an increase of 5.1% [44]. - Stock-based compensation for the fiscal year ended January 31, 2024, was $198,783 thousand, compared to $185,632 thousand in 2023, showing an increase of 7.3% [52]. Future Outlook - The company expects fiscal year 2025 revenue to be impacted by a 170 basis point headwind from foreign exchange rates [13]. - GAAP net income per share attributable to common stockholders is anticipated to be between $0.22 and $0.26, with a negative impact of $0.10 from unfavorable exchange rates and $0.06 from deferred tax expenses [24]. - Non-GAAP diluted net income per share is expected to range from $1.53 to $1.57, also reflecting a negative impact of $0.10 from unfavorable exchange rates and $0.06 from deferred tax expenses [24]. - The company expects GAAP net income per share for the three months ending April 30, 2024, to be in the range of $0.04 to $0.05 [54]. - Non-GAAP operating margin guidance for the fiscal year ending January 31, 2025, is projected to be 27.0% [56]. Product Development and Strategic Focus - Box AI is now generally available to customers on Enterprise Plus plans, integrating advanced AI models into the Box Content Cloud [10]. - Box is focused on enhancing its platform and services, with ongoing investments in product development and strategic partnerships to drive growth [24]. - Box's management believes non-GAAP financial measures provide meaningful supplemental information regarding performance by excluding certain expenses not indicative of core business results [29].

Box, Inc. (NYSE:BOX) Q3 2024 Earnings Conference Call December 5, 2023 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 Steve Enders - Citi Chris Quintero - Morgan Stanley Pinjalim Bora - JPMorgan Chad Bennett - Craig-Hallum Capital Richard Poland - RBC Capital Markets George Iwanyc - Oppenheimer Operator Goo ...

Third Fiscal Quarter FY24 Financial Results Forward-looking statements & non-GAAP financial measures This presentation contains forward-looking statements that involve risks, uncertainties, and assumptions, including statements regarding Box’s expectations regarding its growth and profitability, the size of its market opportunity, sales productivity, the demand for its products, the potential of AI and its impact on Box, thetiming of recent and planned product introductions, enhancements and integrations, t ...

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 October 31, 2023 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. Employ ...

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, 2023 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. Employer ...

Box, Inc. (NYSE:BOX) Q2 2024 Earnings Conference Call August 29, 2023 7:30 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 Josh Baer - Morgan Stanley Chad Bennett - Craig-Hallum Jason Ader - William Blair Pinjalim Bora - JPMorgan George Iwanyc - Oppenheimer Rich Poland - RBC Steve Enders - Citi Operator Good afte ...

Second Fiscal Quarter FY24 Financial Results Forward-looking statements & non-GAAP financial measures This presentation contains forward-looking statements that involve risks, uncertainties, and assumptions, including statements regarding Box’s expectations regarding its growth and profitability, the size of its market opportunity, sales productivity, the demand for its products, the potential of AI and its impact on Box, thetiming of recent and planned product introductions, enhancements and integrations, ...

Box, Inc. (NYSE:BOX) Q1 2024 Earnings Conference Call May 30, 2023 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 Steve Enders - Citi Josh Baer - Morgan Stanley Pinjalim Bora - JP Morgan Jason Ader - William Blair Tom Blakey - KeyBanc Capital Markets Chad Bennett - Craig-Hallum Rishi Jaluria - RBC Capital Markets Brian Peterson - Raymon ...

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 April 30, 2023 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. Employer ...