Executive Summary
Box Inc delivered a respectable QQ2 2025 quarter characterized by sustainable topline performance, healthy profitability, and meaningful cash generation, against a backdrop of a competitive SaaS market. Revenue reached $270.039 million, up 3.29% year over year (YoY) and 2.03% quarter over quarter (QoQ). The gross margin stood at 79.4% with gross profit of $214.526 million, supporting an operating income of $20.28 million and net income of $20.496 million. Diluted earnings per share (EPS) came in at $0.0979, while basic EPS was $0.0995. Free cash flow totaled $29.787 million, underscoring Box’s ability to translate earnings into cash despite ongoing investment activity.
Key Performance Indicators
QoQ: 12.62% | YoY:105.37%
QoQ: -17.08% | YoY:33.02%
Key Insights
Revenue: $270.039M; YoY +3.29%, QoQ +2.03% | Gross Profit: $214.526M, GM 79.44% YoY +10.34%, QoQ +3.93% | Operating Income: $20.28M, margin 7.51% YoY substantial improvement | EBITDA: $25.576M; EBITDA margin ~9.47% | Net Income: $20.496M, net margin 7.59% | EPS (basic/diluted): $0.0995 / $0.0979 | Deferred Revenue: $483.987M | Cash & Equivalents: $406.62M | Net Debt: $73.04M | Operating Cash Flow: $36.298M | Free Cash Flow: $29.787M | Capex: $-6.511M | D&A: $5.296M | Weighted Avg Shares:...
Financial Highlights
Revenue: $270.039M; YoY +3.29%, QoQ +2.03% | Gross Profit: $214.526M, GM 79.44% YoY +10.34%, QoQ +3.93% | Operating Income: $20.28M, margin 7.51% YoY substantial improvement | EBITDA: $25.576M; EBITDA margin ~9.47% | Net Income: $20.496M, net margin 7.59% | EPS (basic/diluted): $0.0995 / $0.0979 | Deferred Revenue: $483.987M | Cash & Equivalents: $406.62M | Net Debt: $73.04M | Operating Cash Flow: $36.298M | Free Cash Flow: $29.787M | Capex: $-6.511M | D&A: $5.296M | Weighted Avg Shares: 144.07M (basic) / 146.53M (diluted)
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
270.04M |
3.29% |
2.03% |
| Gross Profit |
214.53M |
10.34% |
3.93% |
| Operating Income |
20.28M |
105.37% |
12.62% |
| Net Income |
20.50M |
89.94% |
19.01% |
| EPS |
0.10 |
33.02% |
-17.08% |
Key Financial Ratios
operatingProfitMargin
7.51%
operatingCashFlowPerShare
$0.25
freeCashFlowPerShare
$0.25
dividendPayoutRatio
18.3%
Management Commentary
No earnings call transcript text was provided in the dataset. Consequently, no verbatim management quotes or thematic highlights from the QQ2 2025 call could be extracted. In lieu of transcript-specific highlights, the analysis relies on reported results and channel checks against typical guidance patterns in the SaaS sector.
Forward Guidance
The provided data does not include formal forward guidance for Box QQ3 2025 or beyond. Given the quarter’s annualized metrics and cash-flow strength, investors should monitor: (1) trajectory of ARR and net new logo additions in strategic verticals, (2) progression of deferred revenue and renewal rates, (3) operating efficiency and non-GAAP profitability as Box scales, and (4) ongoing stock-based compensation as a driver of non-GAAP adjustments. In the absence of explicit guidance, the execution plan and macro tailwinds for cloud content collaboration remain key upside catalysts if Box continues to capture enterprise licenses and expands usage of its platform modules.