Box Reports Strong Q1 FY27 Results with 11% Revenue Growth and $114.4M Share Repurchases
BOX sits 16% above its 52-week low of $21.34 on elevated volume (2.2× avg).
Summary
Box reported strong Q1 FY27 financial results, including 11% revenue growth and a significant increase in net income, alongside substantial share repurchases.
Key Events · Earnings and Guidance · BOX
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Strong Q1 FY27 Financial Performance
Revenue increased 11% year-over-year to $305.9 million. Net income attributable to common stockholders surged to $11.9 million from $3.5 million in the prior year, with diluted EPS rising to $0.08 from $0.02. Operating income grew significantly to $27.4 million, up from $6.3 million.
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Substantial Share Repurchase Program
The company repurchased 4.8 million shares for $114.4 million during the quarter at a weighted average price of $23.74 per share. This follows a $500 million expansion of the repurchase plan authorized on March 19, 2026, with $445 million still available for future repurchases.
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Improved Operational Metrics
Remaining Performance Obligations (RPO) increased 12% to $1.6 billion, and billings grew 5% to $255.4 million. The net retention rate improved to 105% from 102% in the prior year, indicating strong customer retention and expansion.
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CEO Adopts 10b5-1 Trading Plan
CEO Aaron Levie adopted a Rule 10b5-1 trading arrangement on March 20, 2026, to sell up to 60,000 shares of Class A common stock between June 19, 2026, and April 1, 2027. This is a pre-planned sale and represents a modest amount relative to the company's market capitalization.
Analysis · BOX · Technology
Box, Inc. delivered robust first-quarter results, exceeding expectations with significant year-over-year growth in revenue, net income, and operating income. The company also continued its substantial share repurchase program, buying back $114.4 million in stock during the quarter, with $445 million remaining authorized. These financial improvements, coupled with an increase in remaining performance obligations and net retention rate, demonstrate strong operational execution and a commitment to shareholder returns. This filing provides the full details following the preliminary announcement on May 26, 2026.
At the time of this filing, BOX was trading at $24.67 on NYSE in the Technology sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $21.34 to $38.80. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.