Tearsheet

Box (BOX)


Market Price (6/26/2026): $24.935 | Market Cap: $3.5 BilSector: Information Technology | Industry: Application Software

Box (BOX)


Market Price (6/26/2026): $24.935
Market Cap: $3.5 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%

Attractive yield
FCF Yield is 9.4%

Low stock price volatility
Vol 12M is 34%

Megatrend and thematic drivers
Megatrends include Cloud Computing, and Cybersecurity. Themes include Software as a Service (SaaS), and Cloud Security.

Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -82%

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%

Key risks
BOX key risks include [1] the erosion of its premium positioning by giant competitors with potentially superior products, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%
1 Attractive yield
FCF Yield is 9.4%
2 Low stock price volatility
Vol 12M is 34%
3 Megatrend and thematic drivers
Megatrends include Cloud Computing, and Cybersecurity. Themes include Software as a Service (SaaS), and Cloud Security.
4 Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -82%
5 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%
6 Key risks
BOX key risks include [1] the erosion of its premium positioning by giant competitors with potentially superior products, Show more.

BOX in ETFs

Weight = BOX's share of each fund

VTI0.01%
ITOT0.00%
IWM0.10%
IJR0.21%
VB0.05%
IJT0.27%
SLYG0.27%
VIOV0.16%
+17 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/11/2026

Box (BOX) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Strong Fiscal Q1 2027 Earnings Performance and Raised Guidance.

Box reported robust financial results for its fiscal Q1 2027, which ended April 30, 2026, exceeding analyst expectations when announced on May 26, 2026. The company delivered non-GAAP diluted earnings per share (EPS) of $0.37, surpassing the consensus estimate of $0.36. Revenue for the quarter reached $305.94 million, beating analyst estimates of $304.39 million and marking a significant 10.7% year-over-year growth, which was its first double-digit growth in over 12 quarters. Following these positive results, Box raised its full-year fiscal 2027 guidance, projecting revenue of approximately $1.28 billion and an increased EPS of about $1.56. The stock saw a 1.16% rise immediately after this report.

2. Strategic Focus and Traction in AI-Driven Solutions.

Box continued to demonstrate strong progress in its Intelligent Content Management strategy, with its AI-driven Enterprise Advanced platform being a key contributor to its 11% year-over-year revenue growth. The company reported early success with new artificial intelligence (AI) products, including the Box Agent and the newly launched Box Automate, which are designed to enhance enterprise workflows and content management. These innovations, coupled with Box being recognized as a Leader in the 2026 Gartner Magic Quadrant for Document Management in April 2026, underscored its competitive positioning and strategic emphasis on AI integration within the cloud content management market.

Show more
Updated on 6/11/2026

Box (BOX) stock has gained about 5% since 2/28/2026 because of the following key factors:

1. Strong Fiscal Q1 2027 Earnings Performance and Raised Guidance.

Box reported robust financial results for its fiscal Q1 2027, which ended April 30, 2026, exceeding analyst expectations when announced on May 26, 2026. The company delivered non-GAAP diluted earnings per share (EPS) of $0.37, surpassing the consensus estimate of $0.36. Revenue for the quarter reached $305.94 million, beating analyst estimates of $304.39 million and marking a significant 10.7% year-over-year growth, which was its first double-digit growth in over 12 quarters. Following these positive results, Box raised its full-year fiscal 2027 guidance, projecting revenue of approximately $1.28 billion and an increased EPS of about $1.56. The stock saw a 1.16% rise immediately after this report.

2. Strategic Focus and Traction in AI-Driven Solutions.

Box continued to demonstrate strong progress in its Intelligent Content Management strategy, with its AI-driven Enterprise Advanced platform being a key contributor to its 11% year-over-year revenue growth. The company reported early success with new artificial intelligence (AI) products, including the Box Agent and the newly launched Box Automate, which are designed to enhance enterprise workflows and content management. These innovations, coupled with Box being recognized as a Leader in the 2026 Gartner Magic Quadrant for Document Management in April 2026, underscored its competitive positioning and strategic emphasis on AI integration within the cloud content management market.

3. Share Repurchase Program.

On March 19, 2026, Box announced a new $500 million share repurchase program, reflecting management's confidence in the company's valuation and future prospects. During fiscal Q1 2027, the company executed on this program by repurchasing 4.8 million shares for approximately $114 million. As of April 30, 2026, approximately $445 million of buyback capacity remained under the current authorization.

4. Strong Fiscal Q4 2026 Earnings Beat.

Preceding the Q1 fiscal 2027 report, Box set a positive sentiment with its Q4 fiscal 2026 earnings, reported on March 3, 2026. The company reported non-GAAP earnings of $0.49 per share, significantly exceeding analyst estimates of $0.34. While revenue of $305.88 million slightly missed estimates, it still represented a healthy 9.4% increase year-over-year. The stock experienced a 4.2% rise immediately following this announcement.

5. Significant Insider Selling.

On March 3, 2026, Co-Chief Executive Officer Galiano Paolo Tiramani executed a substantial insider sale, offloading 6,250,000 shares for an estimated $5,000,000. This significant transaction occurred concurrently with the Q4 fiscal 2026 earnings release.

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Stock Movement Drivers

Fundamental Drivers

The 5.9% change in BOX stock from 2/28/2026 to 6/25/2026 was primarily driven by a 86.0% change in the company's P/E Multiple.
(LTM values as of)22820266252026Change
Stock Price ($)23.5524.935.9%
Change Contribution By: 
Total Revenues ($ Mil)1,1511,2074.9%
Net Income Margin (%)19.8%10.3%-47.7%
P/E Multiple14.927.886.0%
Shares Outstanding (Mil)1441393.8%
Cumulative Contribution5.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/25/2026
ReturnCorrelation
BOX5.9% 
Market (SPY)7.3%0.1%
Sector (XLK)33.2%4.6%

Fundamental Drivers

The -15.6% change in BOX stock from 11/30/2025 to 6/25/2026 was primarily driven by a -49.0% change in the company's Net Income Margin (%).
(LTM values as of)113020256252026Change
Stock Price ($)29.5424.93-15.6%
Change Contribution By: 
Total Revenues ($ Mil)1,1261,2077.2%
Net Income Margin (%)20.3%10.3%-49.0%
P/E Multiple18.727.848.3%
Shares Outstanding (Mil)1451394.1%
Cumulative Contribution-15.6%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/25/2026
ReturnCorrelation
BOX-15.6% 
Market (SPY)8.1%9.0%
Sector (XLK)29.3%13.2%

Fundamental Drivers

The -34.1% change in BOX stock from 5/31/2025 to 6/25/2026 was primarily driven by a -51.6% change in the company's Net Income Margin (%).
(LTM values as of)53120256252026Change
Stock Price ($)37.8224.93-34.1%
Change Contribution By: 
Total Revenues ($ Mil)1,1021,2079.5%
Net Income Margin (%)21.4%10.3%-51.6%
P/E Multiple23.227.819.8%
Shares Outstanding (Mil)1441393.8%
Cumulative Contribution-34.1%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/25/2026
ReturnCorrelation
BOX-34.1% 
Market (SPY)26.0%14.7%
Sector (XLK)60.8%15.4%

Fundamental Drivers

The -11.5% change in BOX stock from 5/31/2023 to 6/25/2026 was primarily driven by a -72.9% change in the company's P/E Multiple.
(LTM values as of)53120236252026Change
Stock Price ($)28.1724.93-11.5%
Change Contribution By: 
Total Revenues ($ Mil)1,0041,20720.2%
Net Income Margin (%)4.0%10.3%161.0%
P/E Multiple102.427.8-72.9%
Shares Outstanding (Mil)1451394.0%
Cumulative Contribution-11.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/25/2026
ReturnCorrelation
BOX-11.5% 
Market (SPY)82.6%26.4%
Sector (XLK)129.4%23.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BOX Return45%19%-18%23%-5%-15%41%
Peers Return26%-30%43%6%20%-16%34%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
BOX Win Rate58%42%58%58%42%50% 
Peers Win Rate65%37%63%62%58%30% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
BOX Max Drawdown-16%-30%-32%-17%-25%-29% 
Peers Max Drawdown-17%-38%-21%-28%-26%-29% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSFT, GOOGL, DBX, OTEX, VEEV. See BOX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/25/2026 (YTD)

How Low Can It Go

EventBOXS&P 500
2025 US Tariff Shock
  % Loss-19.2%-18.8%
  % Gain to Breakeven23.7%23.1%
  Time to Breakeven50 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-23.8%-9.5%
  % Gain to Breakeven31.3%10.5%
  Time to Breakeven308 days24 days
2023 SVB Regional Banking Crisis
  % Loss-25.2%-6.7%
  % Gain to Breakeven33.7%7.1%
  Time to Breakeven590 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-14.2%-24.5%
  % Gain to Breakeven16.6%32.4%
  Time to Breakeven8 days427 days
2020 COVID-19 Crash
  % Loss-43.7%-33.7%
  % Gain to Breakeven77.7%50.9%
  Time to Breakeven42 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-29.5%-19.2%
  % Gain to Breakeven41.9%23.8%
  Time to Breakeven43 days105 days

Compare to MSFT, GOOGL, DBX, OTEX, VEEV

In The Past

Box's stock fell -19.2% during the 2025 US Tariff Shock. Such a loss loss requires a 23.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventBOXS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-23.8%-9.5%
  % Gain to Breakeven31.3%10.5%
  Time to Breakeven308 days24 days
2023 SVB Regional Banking Crisis
  % Loss-25.2%-6.7%
  % Gain to Breakeven33.7%7.1%
  Time to Breakeven590 days31 days
2020 COVID-19 Crash
  % Loss-43.7%-33.7%
  % Gain to Breakeven77.7%50.9%
  Time to Breakeven42 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-29.5%-19.2%
  % Gain to Breakeven41.9%23.8%
  Time to Breakeven43 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-37.4%-12.2%
  % Gain to Breakeven59.8%13.9%
  Time to Breakeven216 days62 days
2014-2016 Oil Price Collapse
  % Loss-60.7%-6.8%
  % Gain to Breakeven154.7%7.3%
  Time to Breakeven650 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-28.9%-17.9%
  % Gain to Breakeven40.7%21.8%
  Time to Breakeven56 days123 days

Compare to MSFT, GOOGL, DBX, OTEX, VEEV

In The Past

Box's stock fell -19.2% during the 2025 US Tariff Shock. Such a loss loss requires a 23.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Box (BOX)

Box, Inc. (BOX) provides a robust cloud content management Software-as-a-Service (SaaS) platform designed for organizations of all sizes. Its primary function is to enable businesses to efficiently manage, securely share, and collaborate on their digital content from anywhere and on any device. This platform facilitates seamless collaboration both internally among teams and externally with partners, enhancing productivity and streamlining content-centric workflows.

The company's comprehensive platform extends beyond basic content storage, offering functionalities such as automating content-driven business processes, supporting the development of custom applications, and implementing critical data protection, security, and compliance features. Box serves a broad international client base, including key industries like financial services, healthcare, government, and legal services, offering its solutions in 25 languages to approximately 100,000 paying organizations globally.

AI Analysis | Feedback

Box is like Dropbox for enterprise.

Box is like Salesforce, but for a company's documents and content.

AI Analysis | Feedback

  • Cloud Content Management Platform: A Software-as-a-Service platform enabling organizations to manage, store, and share content from anywhere on any device.
  • Content Collaboration Tools: Features that facilitate internal and external collaboration on content, including real-time co-editing and secure sharing.
  • Business Process Automation: Solutions designed to automate content-driven workflows and streamline various business processes.
  • Application Development Platform: A platform for developers to build and integrate custom applications that leverage Box's content management capabilities.
  • Data Protection, Security, and Compliance Features: Integrated functionalities ensuring content security, data protection, and adherence to legal, regulatory, and industry standards.
  • Industry-Specific Capabilities: Specialized features and solutions tailored to meet the unique requirements of sectors like financial services, healthcare, government, and legal services.

AI Analysis | Feedback

Box, Inc. (BOX) sells its cloud content management platform primarily to other companies and organizations (B2B). While the provided background information does not list specific major customer company names, it indicates that Box serves approximately 100,000 paying organizations across various industries. Its major customer segments or categories include:

  • Financial services
  • Health care
  • Government
  • Legal services

AI Analysis | Feedback

  • Amazon.com, Inc. (AMZN)

AI Analysis | Feedback

Aaron Levie
Chief Executive Officer, Co-founder

Aaron Levie co-founded Box in 2005, dropping out of the University of Southern California to focus on the company. The idea for Box originated as a college business project in 2004. Under his leadership, Box, initially aimed at consumers, shifted its focus to business clients in 2007. He secured angel investment for Box from Mark Cuban.

Dylan Smith
Chief Financial Officer, Co-founder

Dylan Smith co-founded Box in 2005 and has served as its Chief Financial Officer since April 2005. He holds a B.A. in Economics from Duke University. Smith has been instrumental in building Box's business and finance infrastructure. He provided initial seed funding for Box from online poker winnings and had prior entrepreneurial endeavors, including a tutoring company and a college lofting business.

Olivia Nottebohm
Chief Operating Officer

Olivia Nottebohm oversees Box's day-to-day operations and strategic initiatives, focusing on driving operational efficiency and aligning company goals with long-term vision. She brings a wealth of experience from leadership roles at Google and Dropbox, with a background in global business operations, sales, and management consulting at McKinsey & Company.

Jon Herstein
Chief Customer Officer

Jon Herstein focuses on customer satisfaction and IT strategy for Box. He is also referred to as the Senior Vice President of Customer Success.

David Leeb
Chief Legal Officer & Corporate Secretary

David Leeb is responsible for overseeing Box's legal affairs.

AI Analysis | Feedback

The key risks to Box, Inc. (BOX) are as follows:

  1. Intense Competition: Box operates in a highly competitive cloud content management market, facing significant pressure from established players like Microsoft (with OneDrive and SharePoint bundled into Microsoft 365) and Google (with Google Drive and Workspace), as well as other competitors such as Dropbox and Adobe. These larger competitors often bundle their content management solutions with broader productivity suites, leading to pricing pressure and potential erosion of Box's market share.
  2. Cybersecurity Risks and Data Breaches: As a provider of cloud-based services that handle sensitive content for numerous organizations, Box faces substantial cybersecurity threats. Any security breach or even a perceived vulnerability could severely undermine customer trust, result in reputational damage, and lead to significant financial losses.
  3. Economic Uncertainty and Impact on IT Spending: Global economic uncertainty can cause a slowdown in overall IT spending by businesses, particularly affecting large, multi-year enterprise deals that are crucial for Box's revenue and billings growth.

AI Analysis | Feedback

Increased consolidation and advanced AI integration within broader enterprise software suites offered by tech giants.

AI Analysis | Feedback

Box, Inc. operates within several large addressable markets, primarily focused on cloud content management and related Software-as-a-Service (SaaS) solutions.

The global cloud enterprise content management (ECM) market, which directly aligns with Box's main offerings, was valued at approximately USD 35.62 billion in 2025 and is projected to grow to about USD 114.65 billion by 2035. North America is a significant region within this market, holding the largest share of 38% in 2025.

More broadly, the enterprise content management market, where Box maintains a competitive position, represents a substantial opportunity of USD 74 billion globally. Box has also indicated its total addressable market opportunity to be over USD 100 billion, driven by tailwinds in artificial intelligence and unstructured data.

For cloud-based content management services specifically, the global market was valued at US$2.3 billion in 2024 and is expected to reach US$7 billion by 2030. The U.S. market alone for these services was estimated at $619.8 million in 2024.

Considering the broader Software-as-a-Service (SaaS) market, which encompasses Box's deployment model, the global market size was USD 315.68 billion in 2025 and is projected to expand significantly to USD 1,482.44 billion by 2034. North America held the largest share of this global SaaS market in 2025, at 46.9%.

AI Analysis | Feedback

Here are 5 expected drivers of future revenue growth for Box (BOX) over the next 2-3 years:

  1. Accelerated adoption of AI-powered Intelligent Content Management (ICM) and Enterprise Advanced suites: Box anticipates significant revenue growth from the continued development and adoption of its AI-driven features, including Box AI, Box Hubs, Box Extract, and Box Automate. The Enterprise Advanced offering, which bundles these capabilities, has demonstrated strong traction and higher pricing per seat, contributing a growing percentage to total revenue.
  2. Expansion of multi-product suites and increased seat growth within existing customers: Box is strategically focused on encouraging both new and existing customers to adopt its comprehensive multi-product suites. This strategy aims to drive higher average revenue per user through upselling and cross-selling additional functionalities and by increasing the number of seats utilized by existing organizations.
  3. Improved Net Retention Rate: The company expects an improved net retention rate, driven by the enhanced value proposition of its platform, particularly through upgrades to higher-tier offerings like Enterprise Advanced. This improvement indicates reduced customer churn and increased revenue generation from the existing customer base through both price increases and seat expansion.
  4. Strategic partnerships and ecosystem expansion: Box is leveraging strategic collaborations with major cloud providers, such as Google Cloud Platform (GCP), and system integrators to broaden its market reach. These partnerships are designed to create more efficient pathways for customer acquisition and product consumption, especially by enabling customers to utilize existing cloud credits for Box services.
  5. Monetization of API usage and AI unit consumption: As enterprises increasingly centralize their content on Box for AI use cases and deploy AI agents for workflows, Box anticipates growth in API calls and AI unit consumption. This presents an emerging revenue stream as the platform becomes more deeply integrated into AI-driven business processes.

AI Analysis | Feedback

Share Repurchases

  • Box completed repurchases of 47,316,000 shares for $1,276.35 million under a buyback plan announced on July 21, 2021, as of January 31, 2026.
  • In fiscal year 2026, Box repurchased approximately 9.7 million shares for $293 million.
  • As of January 31, 2026, approximately $59 million of buyback capacity remained under Box's current share repurchase plan.

Inbound Investments

  • KKR and other investors, including Powell Investors III L.P., KKR-Milton Credit Holdings. L.P., KKR-NYC Credit C L.P., Tailored Opportunistic Credit Fund, and CPS Holdings (US) L.P., entered into an Investment Agreement with Box, Inc. on April 7, 2021, which includes KKR having the right to designate a candidate for election to the Board of Directors.

Outbound Investments

  • Box acquired Alphamoon in August 2024.
  • Box acquired Crooze in January 2024.
  • Box acquired SignRequest for $55 million in February 2021.

Capital Expenditures

  • Box's capital expenditures for fiscal years ending January 2021 to 2025 averaged $5.213 million.
  • Capital expenditures peaked in January 2021 at $9.052 million and reached a 5-year low in January 2025 at $2.573 million.
  • Box expects to continue investing in its infrastructure to meet the needs of its growing global user base and in its professional services organization (Box Consulting).

Better Bets vs. Box (BOX)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BOXMSFTGOOGLDBXOTEXVEEVMedian
NameBox MicrosoftAlphabet Dropbox Open TextVeeva Sy. 
Mkt Price24.93352.83343.7125.0821.37158.0891.58
Mkt Cap3.52,620.14,158.55.95.325.815.9
Rev LTM1,207318,273422,4992,5265,2083,3194,264
Op Inc LTM104148,957138,1296771,1389561,047
FCF LTM32672,91664,4299808101,6651,323
FCF 3Y Avg30970,95269,4748757581,3461,111
CFO LTM370170,141174,3531,0029791,6651,334
CFO 3Y Avg341136,991138,0138989121,3461,129

Growth & Margins

BOXMSFTGOOGLDBXOTEXVEEVMedian
NameBox MicrosoftAlphabet Dropbox Open TextVeeva Sy. 
Rev Chg LTM9.5%17.9%17.5%-0.6%-0.2%16.2%12.9%
Rev Chg 3Y Avg6.3%15.3%14.1%2.1%13.2%15.1%13.7%
Rev Chg Q10.7%18.3%21.8%0.8%2.2%16.3%13.5%
QoQ Delta Rev Chg LTM2.5%4.2%4.9%0.2%0.5%3.9%3.2%
Op Inc Chg LTM53.5%22.0%17.5%28.5%11.8%24.1%23.0%
Op Inc Chg 3Y Avg33.9%20.7%24.3%24.5%21.4%34.8%24.4%
Op Mgn LTM8.6%46.8%32.7%26.8%21.9%28.8%27.8%
Op Mgn 3Y Avg6.9%45.6%31.5%21.7%19.3%25.6%23.6%
QoQ Delta Op Mgn LTM1.6%0.1%0.7%-0.5%1.1%0.1%0.4%
CFO/Rev LTM30.6%53.5%41.3%39.7%18.8%50.2%40.5%
CFO/Rev 3Y Avg30.4%49.5%37.3%35.5%16.8%46.4%36.4%
FCF/Rev LTM27.0%22.9%15.2%38.8%15.5%50.2%25.0%
FCF/Rev 3Y Avg27.6%26.1%19.3%34.6%14.0%46.4%26.9%

Valuation

BOXMSFTGOOGLDBXOTEXVEEVMedian
NameBox MicrosoftAlphabet Dropbox Open TextVeeva Sy. 
Mkt Cap3.52,620.14,158.55.95.325.815.9
P/S2.98.29.82.31.07.85.3
P/Op Inc33.317.630.18.74.727.022.3
P/EBIT28.116.721.38.65.427.019.0
P/E27.820.926.012.510.327.423.4
P/CFO9.415.423.95.95.415.512.4
Total Yield3.6%5.8%4.1%8.0%14.8%3.6%4.9%
Dividend Yield0.0%1.0%0.2%0.0%5.1%0.0%0.1%
FCF Yield 3Y Avg8.0%2.5%3.2%13.0%10.8%4.0%6.0%
D/E0.20.00.00.71.20.00.1
Net D/E0.0-0.0-0.00.51.0-0.30.0

Returns

BOXMSFTGOOGLDBXOTEXVEEVMedian
NameBox MicrosoftAlphabet Dropbox Open TextVeeva Sy. 
1M Rtn-2.7%-15.2%-11.6%-5.3%-7.6%-0.3%-6.5%
3M Rtn4.7%-3.4%22.4%10.1%-2.8%-11.3%0.9%
6M Rtn-16.3%-27.4%9.6%-10.7%-34.5%-29.2%-21.9%
12M Rtn-27.0%-27.8%102.0%-12.1%-22.4%-43.4%-24.7%
3Y Rtn-13.2%9.9%193.0%-2.9%-41.0%-20.7%-8.0%
1M Excs Rtn-0.5%-13.0%-9.4%-3.2%-5.5%1.9%-4.3%
3M Excs Rtn-6.2%-16.3%6.6%-1.1%-13.7%-22.9%-10.0%
6M Excs Rtn-24.2%-33.9%4.1%-18.9%-42.3%-36.2%-29.1%
12M Excs Rtn-48.6%-48.2%85.9%-33.8%-43.2%-64.6%-45.7%
3Y Excs Rtn-82.2%-60.8%114.0%-71.0%-109.9%-89.5%-76.6%

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Single Segment1,1771,0901,038991874
Total1,1771,0901,038991874


Price Behavior

Price Behavior
Market Price$24.93 
Market Cap ($ Bil)3.5 
First Trading Date10/28/2010 
Distance from 52W High-27.0% 
   50 Days200 Days
DMA Price$25.21$27.65
DMA Trenddownup
Distance from DMA-1.1%-9.9%
 3M1YR
Volatility44.1%34.0%
Downside Capture16.56108.84
Upside Capture24.9245.15
Correlation (SPY)-1.1%14.6%
BOX Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta-1.41-0.69-0.010.370.470.56
Up Beta-2.93-1.35-0.69-0.160.110.59
Down Beta-1.73-2.73-0.72-0.39-0.080.45
Up Capture39%46%64%57%35%22%
Bmk +ve Days13283667141432
Stock +ve Days11233561116364
Down Capture-287%-80%28%110%116%87%
Bmk -ve Days7132757109318
Stock -ve Days9182863132381

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BOX
BOX-28.7%34.0%-0.95-
Sector ETF (XLK)50.2%23.4%1.6715.4%
Equity (SPY)22.1%12.4%1.3315.0%
Gold (GLD)20.8%27.7%0.67-10.2%
Commodities (DBC)23.3%18.5%0.99-1.3%
Real Estate (VNQ)11.6%13.8%0.550.0%
Bitcoin (BTCUSD)-42.9%42.5%-1.2014.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BOX
BOX-0.2%33.1%0.05-
Sector ETF (XLK)21.8%25.3%0.7637.5%
Equity (SPY)13.3%17.1%0.6040.5%
Gold (GLD)17.4%18.3%0.771.0%
Commodities (DBC)7.9%19.5%0.309.1%
Real Estate (VNQ)2.8%18.9%0.0531.2%
Bitcoin (BTCUSD)9.8%54.1%0.3821.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BOX
BOX8.1%38.8%0.32-
Sector ETF (XLK)25.2%24.7%0.9242.9%
Equity (SPY)15.3%18.0%0.7342.3%
Gold (GLD)11.6%16.1%0.59-0.1%
Commodities (DBC)5.9%18.0%0.2514.6%
Real Estate (VNQ)5.5%20.7%0.2329.0%
Bitcoin (BTCUSD)56.4%66.5%0.9714.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity13.5 Mil
Short Interest: % Change Since 5312026-8.7%
Average Daily Volume2.0 Mil
Days-to-Cover Short Interest6.7 days
Basic Shares Quantity139.2 Mil
Short % of Basic Shares9.7%

Earnings Returns History

Updated 6/26/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/26/2026-3.7%8.0%-2.7%
3/3/202610.2%3.8%-1.0%
12/2/20256.7%3.7%-5.4%
8/26/20254.2%3.9%3.7%
5/27/202517.2%22.0%8.6%
3/4/2025-3.2%-6.2%-6.0%
12/3/2024-7.7%-5.6%-8.5%
8/27/202410.8%14.1%12.4%
...
SUMMARY STATS   
# Positive141712
# Negative10712
Median Positive6.6%6.4%10.2%
Median Negative-5.7%-8.1%-6.8%
Max Positive17.2%22.0%22.5%
Max Negative-12.9%-19.5%-22.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/26/2026-3.7%8.0%-2.7%
3/3/202610.2%3.8%-1.0%
12/2/20256.7%3.7%-5.4%
8/26/20254.2%3.9%3.7%
5/27/202517.2%22.0%8.6%
3/4/2025-3.2%-6.2%-6.0%
12/3/2024-7.7%-5.6%-8.5%
8/27/202410.8%14.1%12.4%
5/28/20248.6%11.6%4.8%
3/5/20248.6%10.1%1.4%
12/5/2023-10.2%-8.1%-7.6%
8/29/2023-12.3%-15.5%-20.9%
5/30/20230.5%4.6%4.8%
3/1/2023-12.9%-19.5%-22.6%
11/30/20226.4%1.3%13.4%
8/24/2022-3.4%-12.0%-16.5%
5/25/20225.5%2.6%1.3%
3/2/20222.1%3.3%11.8%
11/30/202110.3%11.7%14.4%
8/25/2021-2.0%1.4%-1.6%
5/27/20211.9%10.0%13.7%
3/2/2021-0.4%13.4%22.5%
12/1/2020-8.8%-6.0%-2.6%
8/26/20204.9%6.4%-9.7%
SUMMARY STATS   
# Positive141712
# Negative10712
Median Positive6.6%6.4%10.2%
Median Negative-5.7%-8.1%-6.8%
Max Positive17.2%22.0%22.5%
Max Negative-12.9%-19.5%-22.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
04/30/202605/27/202610-Q
01/31/202603/09/202610-K
10/31/202512/03/202510-Q
07/31/202508/27/202510-Q
04/30/202505/29/202510-Q
01/31/202503/10/202510-K
10/31/202412/04/202410-Q
07/31/202408/30/202410-Q
04/30/202405/30/202410-Q
01/31/202403/11/202410-K
10/31/202312/06/202310-Q
07/31/202308/31/202310-Q
04/30/202305/31/202310-Q
01/31/202303/13/202310-K
10/31/202212/02/202210-Q
07/31/202208/31/202210-Q
Collapse to Preview
Report DateFiling DateFiling
04/30/202605/27/202610-Q
01/31/202603/09/202610-K
10/31/202512/03/202510-Q
07/31/202508/27/202510-Q
04/30/202505/29/202510-Q
01/31/202503/10/202510-K
10/31/202412/04/202410-Q
07/31/202408/30/202410-Q
04/30/202405/30/202410-Q
01/31/202403/11/202410-K
10/31/202312/06/202310-Q
07/31/202308/31/202310-Q
04/30/202305/31/202310-Q
01/31/202303/13/202310-K
10/31/202212/02/202210-Q
07/31/202208/31/202210-Q
04/30/202206/02/202210-Q
01/31/202203/16/202210-K
10/31/202112/03/202110-Q
07/31/202109/03/202110-Q
04/30/202106/04/202110-Q
01/31/202103/19/202110-K
10/31/202012/07/202010-Q
07/31/202009/04/202010-Q
04/30/202006/04/202010-Q
01/31/202003/19/202010-K
10/31/201912/06/201910-Q
07/31/201909/06/201910-Q

Recent Forward Guidance

Updated 5/31/2026

Latest: Q1 2027 Earnings Reported 5/26/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2027 Revenue 319.00 Mil 4.9% RaisedGuidance: 304.00 Mil for Q1 2027
Q2 2027 GAAP Operating Margin 10.0% 17.6%1.5%RaisedGuidance: 8.5% for Q1 2027
Q2 2027 Non-GAAP Operating Margin 28.5% 3.6%1.0%RaisedGuidance: 27.5% for Q1 2027
Q2 2027 GAAP EPS 0.11 22.2% RaisedGuidance: 0.09 for Q1 2027
Q2 2027 Non-GAAP EPS 0.39 8.3% RaisedGuidance: 0.36 for Q1 2027
2027 Revenue 1.28 Bil 0.4% RaisedGuidance: 1.27 Bil for 2027
2027 GAAP Operating Margin 9.0% -5.3%-0.5%LoweredGuidance: 9.5% for 2027
2027 Non-GAAP Operating Margin 28.0% 00AffirmedGuidance: 28.0% for 2027
2027 GAAP EPS 0.4 -11.1% LoweredGuidance: 0.45 for 2027
2027 Non-GAAP EPS 1.56 0.6% RaisedGuidance: 1.55 for 2027

Prior: Q4 2026 Earnings Reported 3/3/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Revenue 304.00 Mil 0 AffirmedGuidance: 304.00 Mil for Q4 2026
Q1 2027 GAAP Operating Margin 8.5% -22.7%-2.5%LoweredGuidance: 11.0% for Q4 2026
Q1 2027 Non-GAAP Operating Margin 27.5% -8.3%-2.5%LoweredGuidance: 30.0% for Q4 2026
Q1 2027 GAAP EPS 0.09 50.0% RaisedGuidance: 0.06 for Q4 2026
Q1 2027 Non-GAAP EPS 0.36 9.1% RaisedGuidance: 0.33 for Q4 2026
2027 Revenue 1.27 Bil 8.5% Higher NewGuidance: 1.18 Bil for 2026
2027 GAAP Operating Margin 9.5% 35.7%2.5%Higher NewGuidance: 7.0% for 2026
2027 Non-GAAP Operating Margin 28.0% 00Same NewGuidance: 28.0% for 2026
2027 GAAP EPS 0.45 136.8% Higher NewGuidance: 0.19 for 2026
2027 Non-GAAP EPS 1.55 21.1% Higher NewGuidance: 1.28 for 2026

Insider Activity

Updated 6/24/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Levie, AaronChief Executive OfficerDirectSell624202624.3215,000364,83069,917,797Form
2Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell622202625.322,70068,3752,861,080Form
3Smith, Dylan CChief Financial OfficerDirectSell610202626.0017,000441,96635,462,546Form
4Nottebohm, OliviaChief Operating OfficerDirectSell610202626.176,528170,83814,451,362Form
5Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell529202625.366,300159,7362,933,041Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Levie, AaronChief Executive OfficerDirectSell624202624.3215,000364,83069,917,797Form
2Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell622202625.322,70068,3752,861,080Form
3Smith, Dylan CChief Financial OfficerDirectSell610202626.0017,000441,96635,462,546Form
4Nottebohm, OliviaChief Operating OfficerDirectSell610202626.176,528170,83814,451,362Form
5Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell529202625.366,300159,7362,933,041Form
6Smith, Dylan CChief Financial OfficerDirectSell511202624.9623,720592,09434,473,463Form
7Nottebohm, OliviaChief Operating OfficerDirectSell511202625.1712,470313,88214,064,019Form
8Nottebohm, OliviaChief Operating OfficerDirectSell504202625.005,942148,55014,280,225Form
9Smith, Dylan CChief Financial OfficerDirectSell414202622.0910,280227,12629,052,969Form
10Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell408202623.8524,500584,3002,277,961Form
11Nottebohm, OliviaChief Operating OfficerDirectSell408202624.076,528157,12911,733,836Form
12Evan, Dana L DirectSell408202624.2417,034412,8702,751,619Form
13Nottebohm, OliviaChief Operating OfficerDirectSell326202624.105,942143,20212,504,092Form
14Smith, Dylan CChief Financial OfficerDirectSell312202624.7217,000420,17231,987,324Form
15Levie, AaronChief Executive OfficerDirectSell312202624.7215,000370,81571,864,689Form
16Nottebohm, OliviaChief Operating OfficerDirectSell309202625.784,612118,89711,993,346Form
17Smith, Dylan CChief Financial OfficerDirectSell211202624.7517,000420,68232,446,831Form
18Nottebohm, OliviaChief Operating OfficerDirectSell123202626.044,612120,10112,234,869Form
19Smith, Dylan CChief Financial OfficerDirectSell112202629.5717,000502,65639,272,070Form
20Nottebohm, OliviaChief Operating OfficerDirectSell1229202529.844,612137,60414,155,481Form
21Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell1217202529.965,163154,6833,705,573Form
22Levie, AaronChief Executive OfficerDirectSell1212202530.5315,000457,89089,197,888Form
23Smith, Dylan CChief Financial OfficerDirectSell1212202530.9717,000526,42243,972,123Form
24Lazar, Jack R DirectSell1205202531.772,50079,420805,478Form
25Smith, Dylan CChief Financial OfficerDirectSell1113202531.3617,000533,15445,067,602Form
26Nottebohm, OliviaChief Operating OfficerDirectSell1113202531.354,612144,58615,600,983Form
27Nottebohm, OliviaChief Operating OfficerDirectSell1022202533.094,612152,61116,619,486Form
28Smith, Dylan CChief Financial OfficerDirectSell1014202533.0517,000561,83348,053,676Form
29Nottebohm, OliviaChief Operating OfficerDirectSell1014202533.104,612152,65716,777,165Form
30Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell1008202532.773,500114,6784,221,672Form
31Lazar, Jack R DirectSell930202532.205,000160,975896,792Form
32Levie, AaronChief Executive OfficerDirectSell911202532.8115,000492,09096,352,206Form
33Smith, Dylan CChief Financial OfficerDirectSell911202532.8351,0001,674,43248,615,393Form
34Nottebohm, OliviaChief Operating OfficerDirectSell811202532.002,01364,41616,961,920Form
35Nottebohm, OliviaChief Operating OfficerDirectSell722202532.502,01365,42217,292,372Form
36Levie, AaronChief Executive OfficerDirectSell714202533.3515,000500,22098,444,296Form
37Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell714202533.343,000100,0264,463,394Form
38Evan, Dana L DirectSell710202533.517,590254,3263,877,713Form
39Mayer, Bethany DirectSell701202534.065,123174,510520,634Form
40Nottebohm, OliviaChief Operating OfficerDirectSell626202534.602,01369,65018,479,376Form
41Nottebohm, OliviaChief Operating OfficerDirectSell612202537.431,32949,74420,761,747Form
42Smith, Dylan CChief Financial OfficerDirectSell612202537.2313,000483,93856,120,056Form
43Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell602202537.705,924223,3175,231,213Form
44Levin, Daniel J See footnoteSell602202536.7437,499  Form
Core Cache Last Updated: 6/25/2026