BOX INC reported preliminary financial results for first quarter of fiscal year 2027, which ended April 30, 2026.
“On May 26, 2026, Box, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended April 30, 2026.”
Governance Changes
BOX INC: Amended the certificate of incorporation to limit officer liability to the fullest extent permitted under Delaware law, reflecting updated Delaware officer exculpation provisions (effective 2025-06-27).
“the Company filed the Charter Amendment with the Delaware Secretary of State on June 27, 2025, which became effective upon filing. The material terms of the Charter Amendment are described in the Company's Proxy Statement”
John Park resigned as Director at BOX INC.
“On May 14, 2024, John Park notified the Company of his intention to resign from the Board of the Company effective on and immediately prior to Mr. Murphy's appointment.”
Steve Murphy was appointed as Director at BOX INC.
“On May 15, 2024, the Board of the Company appointed Steve Murphy as a member of the Board, effective immediately.”
Earnings Releases
BOX INC reported fiscal year 2024 results: revenue $1.04 Billion, net income $0.67.
“Box Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results Fourth Quarter Revenue of $263 Million and Fiscal 2024 Revenue of $1.04 Billion, In Line with Guidance Fourth Quarter GAAP Operating Margin of 8% and Non-GAAP Operating Margin of 26.7%, Exceeds Guidance Fiscal 2024 GAAP Operating Margin of 5% and Non-GAAP Operating Margin of 24.7%, Exceeds Guidance Fourth Quarter GAAP Net Income Per Share of $0.57 and Non-GAAP Net Income Per Share of $0.42, Exceeds Guidance Fiscal 2024 GAAP Net Income Per Share of $0.67 and Non-GAAP Net Income Per Share of $1.46, Exceeds Guidance”
Earnings Releases
BOX INC reported the fourth quarter of fiscal year 2024 results: revenue $263 Million, net income $0.57.
“Box Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results Fourth Quarter Revenue of $263 Million and Fiscal 2024 Revenue of $1.04 Billion, In Line with Guidance Fourth Quarter GAAP Operating Margin of 8% and Non-GAAP Operating Margin of 26.7%, Exceeds Guidance Fiscal 2024 GAAP Operating Margin of 5% and Non-GAAP Operating Margin of 24.7%, Exceeds Guidance Fourth Quarter GAAP Net Income Per Share of $0.57 and Non-GAAP Net Income Per Share of $0.42, Exceeds Guidance Fiscal 2024 GAAP Net Income Per Share of $0.67 and Non-GAAP Net Income Per Share of $1.46, Exceeds Guidance”
Governance Changes
BOX INC: Adopted amended and restated bylaws to enhance corporate governance, including updates to advance notice provisions, definitions of Stockholder Associated Person and principal competitor, and other clarifying changes (effective 2024-02-13).
“On February 13, 2024, the board of directors of Box, Inc. (the “Company”) approved and adopted amended and restated bylaws of the Company (as so amended and restated, the “Amended and Restated Bylaws”), which became effective upon such approval and adoption.”
Earnings Releases
BOX INC reported the third quarter of fiscal year 2024, which ended October 31, 2023 results: revenue $261.5 million.
“expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Box Reports Fiscal Third Quarter 2024 Financial Results Revenue of $262 Million, up 5% Year-Over-Year Cash From Operations of $72 Million, up 3% Year-Over-Year Free Cash Flow of $58 Million, up 6% Year-Over-Year REDWOOD CITY, Calif. – December 5, 2023 – Box,”
Stephanie Carullo departed as Chief Operating Officer at BOX INC.
“Ms. Carullo stepped down from her role as Chief Operating Officer of the Company, effective November 6, 2023.”
Earnings Releases
BOX INC reported Fiscal Second Quarter 2024 results: revenue $261.4 million, EPS $0.04 GAAP diluted net income per share.
“expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Box Reports Fiscal Second Quarter 2024 Financial Results Revenue of $261 Million, up 6% Year-Over-Year GAAP Operating Margin of 4%, Non-GAAP Operating Margin of 25%, Both Exceeding Guidance Cash From Operations of $33 Million, up 15% Year-Over-Year Free Cash”
Debt Financings
BOX INC incurred revolving credit of $150 million with Wells Fargo Bank, National Association at prime rate plus a margin ranging from 0.35% to 0.85%, daily simple SOFR rate plu maturing June 30, 2028.
“27, 2017, between the Company and the Lender, as amended. The Credit Agreement provides for a senior secured revolving loan facility in an aggregate principal amount of up to $150 million at any time outstanding, with a sublimit of $45 million for the issuance of letters of credit. Pursuant to the Credit Agreement, the revolving line of credit terminates, and all”
Material Agreements
BOX INC entered into Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at $150 million (effective 2023-06-30).
“On June 30, 2023, Box, Inc. (the “Company”) entered into an Amended and Restated Credit Agreement (the “Credit Agreement”) between the Company, as borrower, and Wells Fargo Bank, National Association, as the lender (the “Lender”).”
Shareholder Votes
BOX INC shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm at the 2023-06-27 meeting.
“3. Ratification of Appointment of Independent Registered Public Accounting Firm For Against Abstained Broker Non-Votes 134,954,607 2,735,201 62,339 — The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending January 31, 2024, was ratified.”
Shareholder Votes
BOX INC shareholders approved Advisory vote on compensation of named executive officers at the 2023-06-27 meeting.
“2. Advisory Vote on Compensation of Named Executive Officers For Against Abstained Broker Non-Votes 126,078,898 2,720,825 122,909 8,829,515 The stockholders advised that they were in favor of the compensation of the Company’s named executive officers.”
Shareholder Votes
BOX INC shareholders approved Election of three Class III directors at the 2023-06-27 meeting.
“1. Election of Directors Nominee For Against Abstained Broker Non-Votes Sue Barsamian 86,097,912 42,748,975 75,745 8,829,515 Jack Lazar 85,646,819 43,193,869 81,944 8,829,515 John Park 86,991,801 41,849,338 81,493 8,829,515 Each director nominee was duly elected as a Class III director to serve until the Company’s 2026 annual meeting of stockholders and until their successors are duly elected and qualified.”
Earnings Releases
BOX INC reported first quarter of fiscal year 2024 results: revenue $251.9 million, EPS $0.02. Guidance reaffirmed.
“Revenue for the first quarter of fiscal year 2024 was $251.9 million, a 6% increase from revenue for the first quarter of fiscal year 2023 of $238.4 million, or 10% growth on a constant currency basis. • Remaining performance obligations (“RPO”) as of April 30, 2023, were $1.179 billion, a 17% increase from remaining performance obligations as of April 30, 2022 of $1.005 billion, or 19% growth on a constant currency basis. • Billings for the first quarter of fiscal year 2024 were $191.9 million, an 11% increase from billings for the first quarter of fiscal year 2023 of $172.2 million, or 15% growth on a constant currency basis. • GAAP gross profit for the first quarter of fiscal year 2024 was $190.2 million, or 75.5% of revenue. This compares to a GAAP gross profit of $176.2 million, or 73.9% of revenue, in the first quarter of fiscal year 2023. • Non-GAAP gross profit for the first quarter of fiscal year 2024 was $196.2 million, or 77.9% of revenue. This represents 8% growth from non-”
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