Box Inc (0HP1.L) Q2 2026 Earnings Report

Executive Summary

Box Inc reported solid top-line growth in QQ2 2026 with revenue of $293.999 million, up 8.9% year over year and 6.4% quarter over quarter, reflecting continued demand for its cloud content management platform. Gross margin remained robust at 79.07%, supporting a healthy gross profit of $232.477 million and an operating income of $20.578 million (operating margin approx. 7.0%). Free cash flow was strong at $43.894 million, and the company ended the period with substantial liquidity (cash and cash equivalents of $657.826 million; total cash and short-term investments of $757.858 million). Box also carried a meaningful deferred revenue balance of $533.729 million, underscoring revenue recognition from a large installed base.

Key Performance Indicators

Revenue

294.00M

QoQ: 6.42% | YoY:8.87%

Gross Profit

232.48M

79.07% margin

QoQ: 7.83% | YoY:8.37%

Operating Income

20.58M

QoQ: 224.68% | YoY:1.47%

Net Income

8.10M

QoQ: -1.18% | YoY:-60.49%

EPS

0.06

QoQ: 200.00% | YoY:-39.70%

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Revenue and profitability metrics show Box continuing to scale with margin discipline improving as the business leverages its SaaS model. Key figures for QQ2 2026 include: Revenue $293.999 million; YoY growth 8.87%, QoQ growth 6.42%. Gross Profit $232.477 million; Gross Margin 79.07%; Operating Income $20.578 million; Operating Margin 6.99%. Net Income $8.097 million; Net Margin 2.75%; Earnings Per Share (basic) $0.06; Diluted EPS $0.05. On a cash flow basis, Operating Cash Flow was $45.964 million, with Free Cash Flow of $43.894 million. Cash at period end: $659.553 million. Net debt stands at a negative $453.350 million, reflecting a robust liquidity position. Deferred Revenue sits at $533.729 million, illustrating a strong balance sheet backing future revenue. Weighted-average shares outstanding: 144.896 million (basic) and 151.102 million (diluted).

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	294.00M	8.87%	6.42%
Gross Profit	232.48M	8.37%	7.83%
Operating Income	20.58M	1.47%	224.68%
Net Income	8.10M	-60.49%	-1.18%
EPS	0.06	-39.70%	200.00%

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio
0HP1.L Focus	79.07%	N/A	N/A	N/A

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2026	294.00	0.05	+8.9%	View
Q1 2026	276.27	0.02	+4.4%	View
Q4 2025	279.52	1.12	+6.3%	View
Q3 2025	275.91	0.05	+5.5%	View
Q2 2025	270.04	0.10	+3.3%	View

Box Inc (0HP1.L) Q2 2026 Earnings Report

Earnings Highlights

Box Inc (0HP1.L) QQ2 2026 Earnings Analysis: Revenue Momentum, Cash Rich Balance Sheet and Path to Profitability in Cloud Content Management

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

Box Inc (0HP1.L) Q2 2026 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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