Box, Inc.

BOX

Financial Statements

Income Statement (Annual)

Amounts in millions

2025

1/31/2025

Revenue

1,090

Cost of Revenue

228

Gross Profit

862

Gross Margin

79.1%

Operating Income

Operating Margin

7.3%

Net Income

245

Net Margin

22.4%

EPS (Basic)

$1.40

EPS (Diluted)

$1.36

EBITDA

113

EBITDA Margin

10.4%

2024

1/31/2024

Revenue

1,038

Cost of Revenue

261

Gross Profit

777

Gross Margin

74.9%

Operating Income

Operating Margin

4.9%

Net Income

129

Net Margin

12.4%

EPS (Basic)

$0.69

EPS (Diluted)

$0.67

EBITDA

102

EBITDA Margin

9.8%

2023

1/31/2023

Revenue

991

Cost of Revenue

253

Gross Profit

738

Gross Margin

74.5%

Operating Income

Operating Margin

3.7%

Net Income

Net Margin

2.7%

EPS (Basic)

$0.19

EPS (Diluted)

$0.18

EBITDA

103

EBITDA Margin

10.4%

2022

1/31/2022

Revenue

874

Cost of Revenue

249

Gross Profit

625

Gross Margin

71.5%

Operating Income

-28

Operating Margin

-3.2%

Net Income

-41

Net Margin

-4.7%

EPS (Basic)

$-0.27

EPS (Diluted)

$-0.27

EBITDA

EBITDA Margin

6.1%

2021

1/31/2021

Revenue

771

Cost of Revenue

225

Gross Profit

546

Gross Margin

70.8%

Operating Income

-35

Operating Margin

-4.6%

Net Income

-43

Net Margin

-5.6%

EPS (Basic)

$-0.28

EPS (Diluted)

$-0.28

EBITDA

EBITDA Margin

4.9%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2025	2024	2023	2022	2021
Revenue	1,090	1,038	991	874	771
Cost of Revenue	228	261	253	249	225
Gross Profit	862	777	738	625	546
Gross Margin	79.1%	74.9%	74.5%	71.5%	70.8%
Operating Income	80	51	37	-28	-35
Operating Margin	7.3%	4.9%	3.7%	-3.2%	-4.6%
Net Income	245	129	27	-41	-43
Net Margin	22.4%	12.4%	2.7%	-4.7%	-5.6%
EPS (Basic)	$1.40	$0.69	$0.19	$-0.27	$-0.28
EPS (Diluted)	$1.36	$0.67	$0.18	$-0.27	$-0.28
EBITDA	113	102	103	54	38
EBITDA Margin	10.4%	9.8%	10.4%	6.1%	4.9%