Box, Inc. - Q1 Fiscal Year 2027 Financial Results

Box, Inc. reported its financial results for the first quarter of fiscal year 2027, ending April 30, 2026. The company announced a revenue of $306 million, an 11% increase year-over-year (10% in constant currency). Remaining Performance Obligations (RPO) were $1.6 billion, up 12% year-over-year (16% in constant currency). The GAAP operating margin was 9%, with a non-GAAP operating margin of 27.7%. GAAP Net Income Per Share was $0.08, and Non-GAAP Net Income Per Share was $0.37. The company also highlighted recent business achievements, including customer wins, recognition as a Leader in the Gartner Magic Quadrant for Document Management, and the launch of new AI-powered features like Box Agent and Box Automate. Box repurchased $114 million of its stock in the quarter, with approximately $445 million remaining under its share repurchase plan. For the second quarter of FY27, Box projects revenue between $319 million (9% year-over-year growth) and anticipates a GAAP operating margin of 10.0% and a non-GAAP operating margin of 28.5%. For the full fiscal year 2027, revenue is projected to be approximately $1.280 billion (9% year-over-year growth), with a GAAP operating margin of 9.0% and a non-GAAP operating margin of 28.0%.