Companies · BOX
Box
AI-generated · informational only · not investment advice · verify before relying.
Latest analysis
Updated Aug 26, 2026
Box Q2 FY27: RPO growth of 15% and NRR expansion to 106% signal AI-driven suite upsell is inflecting, with free cash flow up 67% YoY.
Box's Q2 FY27 results show the clearest evidence yet that its multi-product Suites and Box AI strategy is monetizing: net retention rate improved to 106% from 103% a year ago, RPO grew 15% to $1.7 billion (outpacing revenue growth of 9%), and non-GAAP free cash flow surged to $59.7 million, up 67% YoY. The expansion is driven by existing customers broadening deployment and converting to Enterprise Plus and Enterprise Advanced tiers, validating the platform consolidation thesis. Operating margin expanded 320 basis points YoY to 10.2%, while G&A leverage and sales efficiency gains are compounding as the renewal base grows.
Tone: bullishRevenue
$1.2B
BOX 10-K · FY 2026
Employees
2,912
Revenue growth YoY
+8%
Founded
2005
Profile
BOX 10-K Item 1 · Mar 9, 2026Box is a cloud-native Software-as-a-Service platform that provides Intelligent Content Management (ICM) to enterprises, enabling organizations to securely manage, collaborate on, and govern unstructured content across its entire lifecycle. The platform integrates advanced AI, e-signature, workflow automation, and security capabilities into a single content layer that connects with more than 1,500 enterprise applications. Box targets large enterprises across regulated industries including life sciences, financial services, retail, and the public sector.
Read filing description ↓ Collapse description ↑
Box is the leading Intelligent Content Management (ICM) provider. Box gives organizations a single platform for their unstructured data – which typically represents about 90% of all data within an organization. This data is content – from blueprints to wireframes, videos to documents, proprietary formats to PDFs – and it is the source of an organization's unique value. The Box ICM platform enables our customers to securely manage the entire content lifecycle, from the moment a file is created or ingested to when it is shared, edited, published, approved, signed, classified, and retained. Box keeps content secure and compliant, while also allowing easy access and sharing of this content from anywhere, on any device – both within the organization and with external partners. With our Software-as-a-Service (SaaS) platform, customers can work with their content as they need – from secure external collaboration and workspaces to e-signature processes and content workflows – improving employee productivity and accelerating business processes. IT teams can establish a space for compliant content management, and developers can easily create customized portals for white-labeled content collaboration. Administrators have a wide range of security, data protection, and compliance features they can activate to help meet legal and regulatory requirements, internal policies, and industry standards. The Box ICM platform enables a broad range of high-value business use cases and integrates with more than 1,500 leading business applications. With hundreds of file formats and media types supported, Box is compatible with multiple application environments, operating systems, and devices – ensuring that workers can securely access their critical business content whenever and wherever they need it.
Primary products
- Box ICM platform
- Box Shield
- Box Shield Pro
- Box Governance
- Box Zones
- Box Shuttle
End markets
Geographies
Named competitors
“We believe that we compete favorably on the basis of these factors, primarily because of our industry-leading security and compliance, cloud-native approach to real-time, internal and external collaboration, integrations and open platform.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Revenue grew 8% year-over-year (7% on a constant currency basis), driven primarily by seat growth, net of churn, and strong attach rates of multi-product Suites offerings, particularly Enterprise Plus and Enterprise Advanced.
The rest of BOX is for subscribers
Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.