Box, Inc. (BOX) Stock

Box, Inc. (BOX) is a Technology stock trading at $32.90 (as of 2026-08-20), with a market capitalization of $4.55B and a trailing P/E of 88.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Box, Inc. provides a cloud platform for storing, managing, and sharing organizational content, with tools for internal and external collaboration, workflow automation, and building custom applications. Its services also support data protection, security, and compliance, delivered via web, mobile, and desktop applications to organizations across industries.

Understand Box, Inc.: how it makes money

Box provides a cloud content management platform delivered as a SaaS service, helping organizations manage, share, and collaborate on content from anywhere on any device, and it also offers tools for automating content-driven processes and adding data protection, security, and compliance capabilities.

Box's profit model depends on recurring SaaS demand, where Remaining Performance Obligations represent contracted future revenue to be recognized, and Net Revenue Retention captures whether existing customers expand or churn as Box sells more and retains accounts.

Business quality (Weak): Box shows strong gross margin (79.5%), but a comparatively lower operating margin (9.0%), meaning operating profitability is sensitive to spending levels after gross profit.

Valuation: Trades at 40× trailing earnings · $4B market cap.

Bull case

  • Net Revenue Retention Rate is above 100%: A Net Revenue Retention Rate of 104.0% suggests existing customers, on net, are expanding more than they are contracting over the period.
  • Contracted demand is visible in Remaining Performance Obligations: Remaining Performance Obligations were USD 1.6B, with USD 0.88B short-term and USD 0.76B long-term, indicating a reservoir of expected future revenue.

Bear case

  • Churn indicates ongoing customer loss pressure: Annualized Full Churn Rate is 3.0%, which reflects ongoing attrition risk that can offset new business gains.
  • Profitability cushion is not large at the operating level: Operating margin is 9.0%, so if expenses rise faster than gross profit, operating results could come under pressure even with a high gross margin (79.5%).
Valuation — source: SEC EDGAR (first-party)
Price$32.90
Market Cap$4.55B
P/E Ratio88.6
EV / EBITDA41.2
Price / Sales3.87
FCF Yield8.4%
DCF Value (model)$54.40
DCF Upside vs Price65.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.18B
Net Margin9.8%
Revenue Growth (YoY)10.7%
EPS Growth (YoY)350.0%
FCF Growth (YoY)9.6%
Financial Health — source: SEC EDGAR
Altman Z-Score1.72 (distress)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E88.6
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector161.0%
vs Industry195.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($598.54M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOAaron Levie
Employees2,810
CountryUS
IPO Date2015-01-23

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BOX earnings history · BOX institutional & insider holders · BOX KPIs & operating metrics · BOX financials · BOX investor presentations & press releases · BOX SEC filings · BOX peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.