From Nasdaq: 2025-05-28 11:43:00

Box reported first-quarter fiscal 2026 non-GAAP earnings of 30 cents per share, exceeding estimates by 20%. Revenues of $276.3 million also beat expectations, driven by strong momentum in BOX Suites offerings. Shares rose 11.35% in pre-market trading post-results.

Billings in Q1 were $242.3 million, up 27% YoY, with 61% of revenues from Suite customers. The net retention rate was 102%, and remaining performance obligations were $1.469 billion. The non-GAAP gross margin was 80.5%.

Cash and cash equivalents were $689.7 million, short-term investments were $100.7 million, and non-current debt was $449.2 million. Box generated $127.1 million in cash from operations and $118.3 million in non-GAAP free cash flow.

Box initiated Q2 & FY26 guidance, expecting revenues of $290-291 million and $1.16-1.17 billion, respectively. Non-GAAP earnings are projected at 30-31 cents per share for Q2 and $1.22-1.26 for FY26, with an operating margin of 28% for both periods.

Box shares a Zacks Rank #4 (Sell). Better-ranked stocks include PagerDuty and GitLab, both with a Zacks Rank #2 (Buy). PagerDuty and GitLab are set to report their first-quarter fiscal 2026 results on May 29 and June 10, respectively.



Read more at Nasdaq: Box Q1 Earnings Beat Estimates, Revenues Up Y/Y, Shares Rise