Box Inc reported a strong QQ3 2025 performance characterized by robust top-line growth, expanding margins, and meaningful progress on its Intelligent Content Management strategy. Revenue reached $275.9 million, up 5% year over year (6% in constant currency), while remaining disciplined on costs to deliver record gross margins of 81.9% and a 29.1% operating margin. The quarter benefited from the sale of remaining data center assets, which contributed roughly 70 basis points to gross margin. Remaining performance obligations (RPO) grew 13% year over year to $1.30 billion, signaling durable demand and a favorable mix toward longer-duration contracts. Management continues to emphasize Box AI and advanced workflow capabilities as key enablers of next‑phase growth, with Enterprise Plus including unlimited Box AI access and Enterprise Advanced expanding the platform with no-code apps, forms, document generation, AI agents, and Archive for long-tail content management.
Management guided for continued strength into Q4 and FY25, with Q4 revenue of about $279 million (around 6% YoY growth) and FY25 revenue of roughly $1.09 billion (about 5% YoY, ~7% in constant currency). The company projects a non-GAAP full-year EPS of ~$1.70 and a non-GAAP Q4 EPS of ~$0.41, accounting for FX headwinds and BoxWorks-related expenses. Box reiterates a long‑term, high‑teens to double-digit trajectory for RPO growth and emphasizes a diversified go-to-market strategy anchored by strategic partnerships (including Slalom and AWS) and a broadened product lineup (Enterprise Plus, Enterprise Advanced, Box Apps, Box Forms, Box Doc Gen, Box AI Studio, and Box Archive). In short, Box is positioning to convert AI-enabled workflow automation into expanded ARR, higher attach rates, and greater platform monetization over the next 12–24 months, while maintaining strong cash generation and balance-sheet discipline.