Box (BOX)


Market Price (8/31/2026): $34.995 | Market Cap: $4.8 BilSector: Information Technology | Industry: Application Software

Box (BOX)


Market Price (8/31/2026): $34.995
Market Cap: $4.8 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 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%

Attractive yield
FCF Yield is 7.3%

Low stock price volatility
Vol 12M is 37%

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

Trading close to highs
Dist 52W High is 0.0%

Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -58%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%

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 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%
1 Attractive yield
FCF Yield is 7.3%
2 Low stock price volatility
Vol 12M is 37%
3 Megatrend and thematic drivers
Megatrends include Cloud Computing, and Cybersecurity. Themes include Software as a Service (SaaS), and Cloud Security.
4 Trading close to highs
Dist 52W High is 0.0%
5 Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -58%
6 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11%
7 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 19%
8 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%
ITOT0.01%
IWM0.14%
IJR0.24%
VB0.05%
SLYG0.35%
IJT0.32%
IWO0.25%
+16 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/27/2026

Box (BOX) stock has gained about 45% since 4/30/2026 because of the following key factors:

1. Strong Fiscal Q1 and Q2 2027 Financial Results Exceeding Expectations. Box reported robust financial performance for both its fiscal Q1 2027 (ended April 30, 2026) and fiscal Q2 2027 (ended July 31, 2026), consistently surpassing analyst estimates. In fiscal Q1 2027, the company achieved an 11% year-over-year revenue growth in constant currency, marking its first double-digit growth in over 12 quarters. This momentum continued into fiscal Q2 2027, with revenue reaching $321.1 million, a 9% increase year-over-year (11% in constant currency), exceeding estimates of $319.33 million. Non-GAAP diluted earnings per share (EPS) for Q2 2027 stood at $0.40, meeting consensus estimates and showing a significant increase from $0.33 in the prior year period. Billings surged 17% year-over-year to $309.5 million, far outpacing previous mid-single-digit growth trends.

2. Accelerated Adoption of Enterprise Advanced and AI-Driven Offerings. The rapid customer adoption of Box's "Enterprise Advanced" tier has been a primary catalyst for growth, driving constant currency revenue acceleration for the fifth consecutive quarter. This tier bundles advanced security features, Box Automate, and AI extraction, leading to 30-40% price uplifts upon renewal and contributing to larger customer expansions. The company's strategic focus on its Intelligent Content Management platform and AI capabilities, including the introduction of Box Automate in April 2026—an agentic workflow automation solution leveraging AI—and its partnership with IBM to integrate watsonx AI models, has bolstered demand and enhanced its competitive positioning.

Show more
Updated on 8/27/2026

Box (BOX) stock has gained about 45% since 4/30/2026 because of the following key factors:

1. Strong Fiscal Q1 and Q2 2027 Financial Results Exceeding Expectations. Box reported robust financial performance for both its fiscal Q1 2027 (ended April 30, 2026) and fiscal Q2 2027 (ended July 31, 2026), consistently surpassing analyst estimates. In fiscal Q1 2027, the company achieved an 11% year-over-year revenue growth in constant currency, marking its first double-digit growth in over 12 quarters. This momentum continued into fiscal Q2 2027, with revenue reaching $321.1 million, a 9% increase year-over-year (11% in constant currency), exceeding estimates of $319.33 million. Non-GAAP diluted earnings per share (EPS) for Q2 2027 stood at $0.40, meeting consensus estimates and showing a significant increase from $0.33 in the prior year period. Billings surged 17% year-over-year to $309.5 million, far outpacing previous mid-single-digit growth trends.

2. Accelerated Adoption of Enterprise Advanced and AI-Driven Offerings. The rapid customer adoption of Box's "Enterprise Advanced" tier has been a primary catalyst for growth, driving constant currency revenue acceleration for the fifth consecutive quarter. This tier bundles advanced security features, Box Automate, and AI extraction, leading to 30-40% price uplifts upon renewal and contributing to larger customer expansions. The company's strategic focus on its Intelligent Content Management platform and AI capabilities, including the introduction of Box Automate in April 2026—an agentic workflow automation solution leveraging AI—and its partnership with IBM to integrate watsonx AI models, has bolstered demand and enhanced its competitive positioning.

3. Raised Fiscal Year 2027 Guidance and Share Repurchases. Following its strong performance, Box increased its full-year fiscal 2027 revenue guidance by $10 million to approximately $1.29 billion, implying a 10% year-over-year growth (11% in constant currency), and raised its EPS outlook to approximately $1.54. Furthermore, the company's commitment to returning value to shareholders through its share repurchase program has supported per-share earnings. In fiscal Q2 2027 alone, Box repurchased 2.6 million shares for approximately $66 million, and in the first six months of fiscal 2027, it repurchased 7.386 million shares for $180.7 million.

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Stock Movement Drivers

Fundamental Drivers

The 44.5% change in BOX stock from 4/30/2026 to 8/30/2026 was primarily driven by a 22.5% change in the company's P/E Multiple.
(LTM values as of)43020268302026Change
Stock Price ($)24.2034.9844.5%
Change Contribution By: 
Total Revenues ($ Mil)1,1771,2344.8%
Net Income Margin (%)9.8%10.6%8.1%
P/E Multiple30.036.822.5%
Shares Outstanding (Mil)1431374.1%
Cumulative Contribution44.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/30/2026
ReturnCorrelation
BOX44.5% 
Market (SPY)7.1%-9.1%
Sector (XLK)16.4%-20.7%

Fundamental Drivers

The 38.0% change in BOX stock from 1/31/2026 to 8/30/2026 was primarily driven by a 128.8% change in the company's P/E Multiple.
(LTM values as of)13120268302026Change
Stock Price ($)25.3534.9838.0%
Change Contribution By: 
Total Revenues ($ Mil)1,1511,2347.2%
Net Income Margin (%)19.8%10.6%-46.5%
P/E Multiple16.136.8128.8%
Shares Outstanding (Mil)1441375.1%
Cumulative Contribution38.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/30/2026
ReturnCorrelation
BOX38.0% 
Market (SPY)11.5%4.3%
Sector (XLK)29.2%-3.1%

Fundamental Drivers

The 9.0% change in BOX stock from 7/31/2025 to 8/30/2026 was primarily driven by a 86.8% change in the company's P/E Multiple.
(LTM values as of)73120258302026Change
Stock Price ($)32.1034.989.0%
Change Contribution By: 
Total Revenues ($ Mil)1,1021,23412.0%
Net Income Margin (%)21.4%10.6%-50.5%
P/E Multiple19.736.886.8%
Shares Outstanding (Mil)1441375.1%
Cumulative Contribution9.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/30/2026
ReturnCorrelation
BOX9.0% 
Market (SPY)22.7%10.9%
Sector (XLK)41.9%4.2%

Fundamental Drivers

The 11.9% change in BOX stock from 7/31/2023 to 8/30/2026 was primarily driven by a 167.0% change in the company's Net Income Margin (%).
(LTM values as of)73120238302026Change
Stock Price ($)31.2534.9811.9%
Change Contribution By: 
Total Revenues ($ Mil)1,0041,23422.9%
Net Income Margin (%)4.0%10.6%167.0%
P/E Multiple113.636.8-67.6%
Shares Outstanding (Mil)1451375.4%
Cumulative Contribution11.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/30/2026
ReturnCorrelation
BOX11.9% 
Market (SPY)74.0%23.4%
Sector (XLK)112.1%16.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BOX Return45%19%-18%23%-5%16%92%
Peers Return26%-30%43%6%20%10%76%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
BOX Win Rate58%42%58%58%42%62% 
Peers Win Rate65%37%63%62%58%45% 
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 8/28/2026 (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)

Peer Outperformance in Application Software

BOX has outperformed 84% of its 121 Application Software peers over 5Y. Among the peers that beat it is ACIW. Application Software ranks 11th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Application Software constituents that BOX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
72%
of 151 industry peers · 7.2% return
3Y
76%
of 139 industry peers · 32.1% return
5Y
84%
of 121 industry peers · 35.7% return
Application Software peers with revenue growth within 4pp of BOX's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
BOX Box 6.6% 36.8x 7.2%32.1%35.7%
ACIW ACI Worldwide 9.9% 24.2x 9.1%121.7%67.0% +31pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Information Technology sector, ranked by 5Y. Application Software is BOX's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 9 56.2%165.0%302.2% TTMI 748% · FLEX 710% · JBL 395%
Semiconductor Materials & Equipment 27 128.6%61.6%94.4% AEHR 983% · AXTI 530% · KLAC 442%
Technology Distributors 9 25.5%53.8%68.2% CLMB 342% · AVT 148% · SNX 113%
Communications Equipment 36 24.7%77.1%68.1% AAOI 1349% · LITE 933% · ANET 746%
Electronic Components 26 53.4%56.6%51.4% CLS 3044% · BELFA 1257% · LPTH 393%
Semiconductors 54 31.0%17.6%21.9% POET 1741% · MU 1198% · NVDA 875%
Internet Services & Infrastructure 6 15.6%38.9%14.1% DOCN 80% · VRSN 37% · GDDY 33%
Technology Hardware, Storage & Peripherals 21 26.8%72.5%7.8% STX 1000% · DELL 923% · SMCI 915%
Electronic Equipment & Instruments 27 -7.5%5.2%-8.5% PI 192% · ACFN 120% · OSIS 109%
IT Consulting & Other Services 28 -23.6%-10.8%-20.6% CHRN 493058% · APLD 1578% · TSSI 641%
Application Software ← 122 -18.6%-13.6%-41.5% VIDA 269900% · INLX 5250% · PLTR 607%
Systems Software 69 -13.8%17.1%-55.8% QNC 540% · PAYS 418% · PANW 384%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BOXMSFTGOOGLDBXOTEXVEEVMedian
NameBox MicrosoftAlphabet Dropbox Open TextVeeva Sy. 
Mkt Price34.98513.53346.5935.7025.10276.69156.19
Mkt Cap4.83,813.54,211.48.06.144.926.5
Rev LTM1,234331,839445,8672,5325,2463,4584,352
Op Inc LTM116155,237147,6286711,2161,0351,125
FCF LTM35066,98753,2739548081,6651,310
FCF 3Y Avg31970,89060,2638917681,3371,114
CFO LTM394182,935185,6759801,0071,6651,336
CFO 3Y Avg354145,882141,4819159351,3371,136

Growth & Margins

BOXMSFTGOOGLDBXOTEXVEEVMedian
NameBox MicrosoftAlphabet Dropbox Open TextVeeva Sy. 
Rev Chg LTM9.6%17.8%20.1%-0.0%1.5%16.5%13.1%
Rev Chg 3Y Avg6.6%16.1%15.5%1.5%6.6%15.7%11.1%
Rev Chg Q9.2%17.7%24.2%0.9%2.9%17.6%13.4%
QoQ Delta Rev Chg LTM2.2%4.3%5.5%0.2%0.7%4.2%3.2%
Op Inc Chg LTM70.4%20.8%21.6%17.5%17.0%29.5%21.2%
Op Inc Chg 3Y Avg35.0%20.6%25.6%29.9%22.6%38.0%27.8%
Op Mgn LTM9.4%46.8%33.1%26.5%23.2%29.9%28.2%
Op Mgn 3Y Avg7.4%45.7%31.9%23.1%20.3%26.5%24.8%
QoQ Delta Op Mgn LTM0.8%-0.0%0.4%-0.3%1.3%1.1%0.6%
CFO/Rev LTM32.0%55.1%41.6%38.7%19.2%48.2%40.2%
CFO/Rev 3Y Avg31.0%50.6%36.5%36.1%17.3%44.1%36.3%
FCF/Rev LTM28.3%20.2%11.9%37.7%15.4%48.2%24.3%
FCF/Rev 3Y Avg28.0%25.3%16.1%35.2%14.2%44.1%26.6%

Valuation

BOXMSFTGOOGLDBXOTEXVEEVMedian
NameBox MicrosoftAlphabet Dropbox Open TextVeeva Sy. 
Mkt Cap4.83,813.54,211.48.06.144.926.5
P/S3.911.59.43.21.213.06.7
P/Op Inc41.324.628.512.05.043.426.5
P/EBIT36.622.614.011.85.043.418.3
P/E36.828.517.218.19.544.323.3
P/CFO12.220.822.78.26.027.016.5
Total Yield2.7%4.2%6.0%5.5%15.0%2.3%4.9%
Dividend Yield0.0%0.7%0.2%0.0%4.4%0.0%0.1%
FCF Yield 3Y Avg7.9%2.2%2.4%12.8%11.4%4.0%6.0%
D/E0.10.00.00.51.00.00.1
Net D/E0.0-0.0-0.00.40.8-0.20.0

Returns

BOXMSFTGOOGLDBXOTEXVEEVMedian
NameBox MicrosoftAlphabet Dropbox Open TextVeeva Sy. 
1M Rtn10.9%10.7%-2.7%9.6%-0.9%35.8%10.2%
3M Rtn29.7%14.3%-8.8%32.8%6.5%58.7%22.0%
6M Rtn48.5%31.3%11.3%42.9%3.6%52.0%37.1%
12M Rtn7.2%2.2%63.3%22.8%-21.1%2.8%5.0%
3Y Rtn32.1%60.3%156.8%28.5%-31.3%32.6%32.3%
1M Excs Rtn8.8%10.4%0.2%7.5%-4.7%33.6%8.2%
3M Excs Rtn28.0%12.5%-10.6%31.1%4.8%57.0%20.3%
6M Excs Rtn36.4%19.2%-0.8%30.7%-8.5%39.9%25.0%
12M Excs Rtn-11.2%-16.8%48.5%4.9%-39.9%-24.7%-14.0%
3Y Excs Rtn-58.1%-13.1%90.3%-42.8%-102.0%-26.4%-34.6%

Financials

Segment Financials

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


Price Behavior

Price Behavior
Market Price$34.98 
Market Cap ($ Bil)4.9 
First Trading Date10/28/2010 
Distance from 52W High0.0% 
   50 Days200 Days
DMA Price$30.29$27.29
DMA Trendindeterminateup
Distance from DMA15.5%28.2%
 3M1YR
Volatility37.5%36.9%
Downside Capture-36.0865.82
Upside Capture90.0559.64
Correlation (SPY)-3.2%9.1%
BOX Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta-0.85-0.41-0.540.070.270.49
Up Beta-4.69-2.06-2.22-0.93-0.330.51
Down Beta-0.370.180.09-0.15-0.090.44
Up Capture148%38%37%63%43%17%
Bmk +ve Days11223567138427
Stock +ve Days15233467121362
Down Capture-132%-70%-111%33%78%79%
Bmk -ve Days11212859114326
Stock -ve Days7202959131385

[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
BOX7.8%36.8%0.27-
Sector ETF (XLK)41.2%26.3%1.282.8%
Equity (SPY)20.1%12.8%1.169.1%
Gold (GLD)30.9%29.0%0.92-11.1%
Commodities (DBC)39.9%20.3%1.54-4.2%
Real Estate (VNQ)9.9%13.7%0.442.8%
Bitcoin (BTCUSD)-30.1%43.7%-0.7013.6%

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
BOX6.8%33.4%0.25-
Sector ETF (XLK)19.9%25.9%0.6834.2%
Equity (SPY)13.1%17.2%0.5939.3%
Gold (GLD)19.7%18.7%0.850.4%
Commodities (DBC)11.5%19.6%0.467.5%
Real Estate (VNQ)2.0%18.9%0.0031.6%
Bitcoin (BTCUSD)9.6%52.7%0.3722.0%

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
BOX10.5%38.8%0.38-
Sector ETF (XLK)24.3%25.0%0.8841.0%
Equity (SPY)15.2%17.9%0.7241.5%
Gold (GLD)12.2%16.3%0.610.5%
Commodities (DBC)7.3%18.0%0.3313.7%
Real Estate (VNQ)5.0%20.7%0.2029.2%
Bitcoin (BTCUSD)63.4%66.1%1.0314.5%

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

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity15.6 Mil
Short Interest: % Change Since 73120261.6%
Average Daily Volume3.0 Mil
Days-to-Cover Short Interest5.2 days
Basic Shares Quantity137.4 Mil
Short % of Basic Shares11.3%

Earnings Returns History

Updated 8/28/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/25/20261.2%  
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%
...
SUMMARY STATS   
# Positive151712
# Negative10712
Median Positive6.4%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
8/25/20261.2%  
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   
# Positive151712
# Negative10712
Median Positive6.4%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
07/31/202608/26/202610-Q
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
Collapse to Preview
Report DateFiling DateFiling
07/31/202608/26/202610-Q
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

Recent Forward Guidance

Updated 8/26/2026

Latest: Q2 2027 Earnings Reported 8/25/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q3 2027 Revenue 329.00 Mil 3.1% Higher NewGuidance: 319.00 Mil for Q2 2027
Q3 2027 GAAP Operating Margin 10.0%  0.0%Same NewGuidance: 10.0% for Q2 2027
Q3 2027 Non-GAAP Operating Margin 28.0%  -0.5%Lower NewGuidance: 28.5% for Q2 2027
Q3 2027 GAAP EPS 0.12 9.1% Higher NewGuidance: 0.11 for Q2 2027
Q3 2027 Non-GAAP EPS 0.39 0.0% Same NewGuidance: 0.39 for Q2 2027
2027 Revenue 1.29 Bil 0.8% RaisedGuidance: 1.28 Bil for 2027
2027 GAAP Operating Margin 9.5%  0.5%RaisedGuidance: 9.0% for 2027
2027 Non-GAAP Operating Margin 28.0%  0.0%AffirmedGuidance: 28.0% for 2027
2027 GAAP EPS 0.38 -5.0% LoweredGuidance: 0.4 for 2027
2027 Non-GAAP EPS 1.54 -1.3% LoweredGuidance: 1.56 for 2027

Prior: Q1 2027 Earnings Reported 5/26/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2027 Revenue 319.00 Mil 4.9% Higher NewGuidance: 304.00 Mil for Q1 2027
Q2 2027 GAAP Operating Margin 10.0%  1.5%Higher NewGuidance: 8.5% for Q1 2027
Q2 2027 Non-GAAP Operating Margin 28.5%  1.0%Higher NewGuidance: 27.5% for Q1 2027
Q2 2027 GAAP EPS 0.11 22.2% Higher NewGuidance: 0.09 for Q1 2027
Q2 2027 Non-GAAP EPS 0.39 8.3% Higher NewGuidance: 0.36 for Q1 2027
2027 Revenue 1.28 Bil 0.4% RaisedGuidance: 1.27 Bil for 2027
2027 GAAP Operating Margin 9.0%  -0.5%LoweredGuidance: 9.5% for 2027
2027 Non-GAAP Operating Margin 28.0%  0.0%AffirmedGuidance: 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

Q4 2026 Earnings Reported 3/3/2026

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

Q3 2026 Earnings Reported 12/2/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Revenue 304.00 Mil 1.8% Higher NewGuidance: 298.50 Mil for Q3 2026
Q4 2026 GAAP Operating Margin 11.0%  3.0%Higher NewGuidance: 8.0% for Q3 2026
Q4 2026 Non-GAAP Operating Margin 30.0%  2.0%Higher NewGuidance: 28.0% for Q3 2026
Q4 2026 GAAP EPS 0.06 9.1% Higher NewGuidance: 0.06 for Q3 2026
Q4 2026 Non-GAAP EPS 0.33 4.8% Higher NewGuidance: 0.32 for Q3 2026
2026 Revenue 1.18 Bil 0.2% RaisedGuidance: 1.17 Bil for 2026
2026 GAAP Operating Margin 7.0%  0.0%AffirmedGuidance: 7.0% for 2026
2026 Non-GAAP Operating Margin 28.0%  0.0%AffirmedGuidance: 28.0% for 2026
2026 GAAP EPS 0.19 0.0% AffirmedGuidance: 0.19 for 2026
2026 Non-GAAP EPS 1.28 0.8% RaisedGuidance: 1.27 for 2026

Insider Activity

Updated 8/7/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Nottebohm, OliviaChief Operating OfficerDirectSell807202632.315,834188,50816,588,399Form
2Nottebohm, OliviaChief Operating OfficerDirectSell722202630.135,834175,77815,643,978Form
3Smith, Dylan CChief Financial OfficerDirectSell710202629.0517,000493,90138,846,040Form
4Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell710202628.951,80052,1103,162,903Form
5Mayer, Bethany DirectSell629202626.004,060105,561447,933Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Nottebohm, OliviaChief Operating OfficerDirectSell807202632.315,834188,50816,588,399Form
2Nottebohm, OliviaChief Operating OfficerDirectSell722202630.135,834175,77815,643,978Form
3Smith, Dylan CChief Financial OfficerDirectSell710202629.0517,000493,90138,846,040Form
4Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell710202628.951,80052,1103,162,903Form
5Mayer, Bethany DirectSell629202626.004,060105,561447,933Form
6Nottebohm, OliviaChief Operating OfficerDirectSell629202624.975,834145,67513,110,498Form
7Levie, AaronChief Executive OfficerDirectSell624202624.3215,000364,83069,917,797Form
8Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell622202625.322,70068,3752,861,080Form
9Smith, Dylan CChief Financial OfficerDirectSell610202626.0017,000441,96635,462,546Form
10Nottebohm, OliviaChief Operating OfficerDirectSell610202626.176,528170,83814,451,362Form
11Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell529202625.366,300159,7362,933,041Form
12Smith, Dylan CChief Financial OfficerDirectSell511202624.9623,720592,09434,473,463Form
13Nottebohm, OliviaChief Operating OfficerDirectSell511202625.1712,470313,88214,064,019Form
14Nottebohm, OliviaChief Operating OfficerDirectSell504202625.005,942148,55014,280,225Form
15Smith, Dylan CChief Financial OfficerDirectSell414202622.0910,280227,12629,052,969Form
16Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell408202623.8524,500584,3002,277,961Form
17Nottebohm, OliviaChief Operating OfficerDirectSell408202624.076,528157,12911,733,836Form
18Evan, Dana L DirectSell408202624.2417,034412,8702,751,619Form
19Nottebohm, OliviaChief Operating OfficerDirectSell326202624.105,942143,20212,504,092Form
20Smith, Dylan CChief Financial OfficerDirectSell312202624.7217,000420,17231,987,324Form
21Levie, AaronChief Executive OfficerDirectSell312202624.7215,000370,81571,864,689Form
22Nottebohm, OliviaChief Operating OfficerDirectSell309202625.784,612118,89711,993,346Form
23Smith, Dylan CChief Financial OfficerDirectSell211202624.7517,000420,68232,446,831Form
24Nottebohm, OliviaChief Operating OfficerDirectSell123202626.044,612120,10112,234,869Form
25Smith, Dylan CChief Financial OfficerDirectSell112202629.5717,000502,65639,272,070Form
26Nottebohm, OliviaChief Operating OfficerDirectSell1229202529.844,612137,60414,155,481Form
27Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell1217202529.965,163154,6833,705,573Form
28Levie, AaronChief Executive OfficerDirectSell1212202530.5315,000457,89089,197,888Form
29Smith, Dylan CChief Financial OfficerDirectSell1212202530.9717,000526,42243,972,123Form
30Lazar, Jack R DirectSell1205202531.772,50079,420805,478Form
31Smith, Dylan CChief Financial OfficerDirectSell1113202531.3617,000533,15445,067,602Form
32Nottebohm, OliviaChief Operating OfficerDirectSell1113202531.354,612144,58615,600,983Form
33Nottebohm, OliviaChief Operating OfficerDirectSell1022202533.094,612152,61116,619,486Form
34Smith, Dylan CChief Financial OfficerDirectSell1014202533.0517,000561,83348,053,676Form
35Nottebohm, OliviaChief Operating OfficerDirectSell1014202533.104,612152,65716,777,165Form
36Berkovitch, EliVP Chief Acct Ofr & ControllerDirectSell1008202532.773,500114,6784,221,672Form
37Lazar, Jack R DirectSell930202532.205,000160,975896,792Form
38Levie, AaronChief Executive OfficerDirectSell911202532.8115,000492,09096,352,206Form
39Smith, Dylan CChief Financial OfficerDirectSell911202532.8351,0001,674,43248,615,393Form
40Nottebohm, OliviaChief Operating OfficerDirectSell811202532.002,01364,41616,961,920Form

Investor Activity (13F)

Updated Aug 31, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Divisar Capital Management LLC$15.1 Mil3.8%26ADD +239.3%13F
Opti Capital Management, LP$45.7 Mil3.3%36ADD +296.0%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Opti Capital Management, LP$45.7 Mil3.3%36ADD +296.0%13F
Divisar Capital Management LLC$15.1 Mil3.8%26ADD +239.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
RGM Capital, LLC$99.6 Mil4.8%17Exited13F
Steelhead Partners LLC$62.7 Mil4.6%24Exited13F
Sunriver Management LLC$52.1 Mil5.5%23Exited13F
Angelo Gordon & Co., L.P.$17.5 Mil1.7%46Exited13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Opti Capital Management, LP$45.7 Mil3.3%36ADD +296.0%13F
Divisar Capital Management LLC$15.1 Mil3.8%26ADD +239.3%13F
Core Cache Last Updated: 8/30/2026