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Oct 31, 2024
Box Q3 2025 Earnings Report
Delivered strong Q3 financial results with revenue at the high-end of guidance and record gross and operating margins.
Key Takeaways
Box, Inc. reported revenue of $275.9 million, a 5% increase year-over-year, and record GAAP and non-GAAP operating margins for the third quarter of fiscal year 2025.
Revenue for the third quarter of fiscal 2025 was $275.9 million, a 5% increase year-over-year, or 6% growth on a constant currency basis.
Remaining performance obligations as of October 31, 2024 were $1.282 billion, a 13% increase year-over-year, or 14% growth on a constant currency basis.
GAAP operating income in the third quarter of fiscal 2025 was a record $23.4 million, or 8.5% of revenue.
Non-GAAP diluted net income per share attributable to common stockholders in the third quarter of fiscal 2025 was a record $0.45.
Forward Guidance
Box expects revenue of approximately $279 million, up 6% year-over-year, for Q4 FY25. Full year FY25 revenue is expected to be approximately $1.090 billion, up 5% year-over-year.
Positive Outlook
- Revenue is expected to be approximately $279 million, up 6% year-over-year, or 7% growth on a constant currency basis for Q4 FY25.
- GAAP operating margin is expected to be approximately 7.5%, and non-GAAP operating margin is expected to be approximately 27.5% for Q4 FY25.
- GAAP net income per share attributable to common stockholders is expected to be approximately $0.07 for Q4 FY25.
- Non-GAAP diluted net income per share attributable to common stockholders is expected to be approximately $0.41 for Q4 FY25.
- Weighted-average diluted shares outstanding are expected to be approximately 151 million for Q4 FY25.
Challenges Ahead
- GAAP EPS guidance includes an expected negative impact of $0.02 from unfavorable exchange rates and $0.01 from the recognition of deferred tax expenses in international countries for Q4 FY25.
- Non-GAAP EPS guidance includes an expected negative impact of $0.02 from unfavorable exchange rates and $0.01 from the recognition of deferred tax expenses in international countries for Q4 FY25.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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