Box Shares Fall After Q4 Results, Weak Q1 Guidance

Box, Inc. BOX released its fourth-quarter results after Tuesday's closing bell. Here's a look at the details from the report. 

The Details: Box reported quarterly earnings of 42 cents per share which met the analyst consensus estimate. Quarterly revenue came in at $280 million which beat the analyst consensus estimate of $279.42 million and is an increase over revenue of $262.87 million from the same period last year.

For the fourth quarter, Box reported:

• Remaining performance obligations of $1.466 billion, up 12%, or 14% on a constant currency basis.
• Billings of $398.6 million, up 5%, or 7% on a constant currency basis. Billings were impacted by a 150 basis point headwind from unfavorable foreign exchange rates, compared to its prior expectation of an 80 basis point headwind.
• Record non-GAAP gross profit of $226.4 million, or 81% of revenue, up from $206.1 million, or 78.4% of revenue.

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“Fiscal 2025 was a pivotal year for Box,” said Aaron Levie, CEO of Box. “We delivered our strongest set of AI-powered innovations and launched Enterprise Advanced, integrating the full capabilities of our platform into one solution.”

“Early customer adoption highlights that customers are choosing Box to power intelligent metadata extraction from documents, automate workflows and dashboards with Box Apps, customize Box AI with the AI Studio, power complete business processes with Box Sign, Forms and Doc Gen, and so much more,” Levie added.

Outlook: Box sees first quarter earnings of 25 cents to 26 cents, versus the 43-cent estimate, and revenue in a range of $274 million to $275 million, versus the $279.5 million estimate.

BOX Price Action: According to data from Benzinga Pro, Box shares are down 8.7% after hours at $30.56 Tuesday.  

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