Thu, May 29, 8:07 PM (18 days ago)
**Box, Inc. (BOX) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $276.3 million, up 4% YoY (5% on a constant currency basis). - **Gross Profit:** $215.6 million, with a gross margin of 78%. - **Operating Income:** $6.3 million, with an operating margin of 2.3%. - **Net Income:** $8.19 million. - **Cash Flow from Operations:** $127.1 million. - **Non-GAAP Free Cash Flow:** $118.3 million. **Key Metrics:** - **Remaining Performance Obligations (RPO):** $1.469 billion, up 21% YoY. - **Billings:** $242.3 million, up 27% YoY. - **Net Retention Rate:** 102%, indicating strong customer retention. **Operational Highlights:** - **Workforce Reorganization:** $7.1 million in charges due to workforce reorganization. - **Macroeconomic Factors:** Challenges from foreign exchange rates and customer scrutiny. - **Product Innovations:** Introduction of Enterprise Advanced plan with new features. **Financial Position:** - **Cash & Investments:** $792.1 million in cash and short-term investments. - **Debt:** $460 million in 1.50% convertible senior notes due 2029 and $205 million in 0.00% convertible senior notes due 2026. - **Share Repurchase:** $49.6 million spent on repurchasing 1.6 million shares. **Outlook & Uncertainties:** - **Market Position:** Well-positioned to execute through dynamic economic times. - **Future Operations Impact:** Potential impacts from economic conditions, regulatory changes, and technological advancements. **Ticker:** BOX **Exchange:** New York Stock Exchange