You should not rely on any forward-looking statements, and Box assumes no obligation, nor do we intend, to update them. All information in this presentation is as of May 27, 2025. This presentation contains non-GAAP financial measures and key metrics relating to the company's past and expected future performance. You can find the reconciliation of these measures to the nearest comparable GAAP financial measures in the appendix at the end of this presentation. The company has not reconciled certain of the no ...

Financial Performance - Q4'25 revenue reached $280 million[7], driven by Suites momentum[6] - Total Remaining Performance Obligations (RPO) increased by 12% year-over-year to $1.466 billion[9, 10], or 14% in constant currency[9] - Billings increased by 5% year-over-year to $399 million[13, 14], or 7% in constant currency[13] - Non-GAAP gross margin improved to 81.0%[17] in Q4'25, up 260 bps year-over-year[17], driven by public cloud migration[16] - Non-GAAP operating margin increased to 27.3%[20] in Q4'25, up 60 bps year-over-year[20] Share Repurchase Program - In Q4'25, the company repurchased approximately 1.3 million shares for approximately $43 million[26] - In fiscal year 2025, the company repurchased approximately 7.6 million shares for approximately $212 million[26] - As of January 31, 2025, the company had approximately $52 million of remaining buyback capacity[26] - The Board of Directors authorized an expansion of the stock repurchase program by $150 million on March 3, 2025[26] Guidance and Customer Metrics - Q1'26 revenue is projected to be between $274 million and $275 million[30], representing a 4% year-over-year growth[30] - FY26 revenue is projected to be between $1.15 billion and $1.16 billion[30], representing a 6% year-over-year growth[30] - The company maintains a stable net retention rate of 102%[41, 42] - Customers paying more than $100k annually grew by 8% year-over-year, reaching 1,920[48]