Core Insights - The company achieved 10% of total revenue from the new Enterprise Advanced tier within one year of launch, driven by demand for intelligent workflow automation and data extraction [1] - The positioning of enterprise content as the 'digital brain' is critical for AI agents to perform effective, business-specific tasks [1] Revenue and Strategy - The platform transitioned to serve as a secure file system for AI agents, addressing the need for governance and auditability in automated workflows [1] - Revenue acceleration is attributed to the success of the 'Suites' strategy, which now represents 66% of total revenue compared to 60% a year ago [1] Technology and Partnerships - The company leveraged a multi-model AI strategy, integrating the latest releases from Anthropic, Google, and OpenAI to provide customers with model neutrality and flexibility [1] - The go-to-market strategy was expanded through deepened partnerships with global systems integrators like Deloitte and Slalom to replace legacy ECM systems [1]

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 non-GAAP measures in its long term vary significantly. Accordingly, a reconciliation is not available without unreasonable efforts. This presentation contains forward-looking stateme ...

December 2, 2025 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, its investments in go-to-market programs, the demand for its products, the potential of AI and its impact on Box, the timing of recent and planned product introductions, enhancements and integrations, the s ...

Financial Performance - Revenue for Q2'26 reached $294 million[7], driven by Suites momentum[6] - Total Remaining Performance Obligations (RPO) increased by 16% year-over-year to $1476 million[9, 10] - Billings increased by 3% year-over-year[13] - Non-GAAP gross margin was 81.4% in Q2'26[17], a decrease of 20 bps year-over-year[16] - Non-GAAP operating margin was 28.6% in Q2'26[21], an increase of 20 bps year-over-year[20] Cash Flow and Capital Allocation - The company repurchased approximately 1.2 million shares of Class A common stock for approximately $40 million in Q2'26[26] - As of July 31, 2025, the company had approximately $112 million of remaining Board-approved buyback capacity under the current plan[26] Customer Metrics - Net retention rate was stable at 103%[33, 34] - Customers paying more than $100k annually grew by 8% year-over-year[39] - 63% of total revenue came from Suites[37] Guidance - Q3'26 revenue is projected to be $298 to $299 million, representing year-over-year growth of 8%[30] - Fiscal year 2026 revenue is projected to be $1.170 to $1.175 billion, representing year-over-year growth of 8%[30]