Quarterly ResultMay 27, 2026, 04:12 PM
Box Q1 Revenue +10.7% to $305.9M; EPS $0.09; Net Income +116%
AI Summary
Box Inc. reported strong financial results for the first quarter ended April 30, 2026, with revenue increasing 10.7% to $305.9 million and net income surging 116.3% to $17.7 million. Diluted EPS also saw a significant rise of 300% to $0.08. The company's Board of Directors authorized a $500 million expansion of its share repurchase plan, and Box repurchased $116.4 million of common stock during the quarter.
Key Highlights
- Revenue increased 10.7% to $305.9 million for the three months ended April 30, 2026.
- Net income rose 116.3% to $17.7 million for the three months ended April 30, 2026.
- Diluted EPS grew 300% to $0.08 for the three months ended April 30, 2026.
- Income from operations surged 333% to $27.4 million for the quarter.
- Net cash provided by operating activities increased 10.3% to $140.2 million.
- The Board authorized a $500 million expansion of the share repurchase plan on March 19, 2026.
- The company repurchased $116.4 million of common stock during the quarter.
- Remaining performance obligations were $1.6 billion as of April 30, 2026.
Price Impact
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