Below are the financial statements of Box, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 1,090.13a | 1,037.74a | 990.87a |
| Cost of revenue | -228.11a | -260.61a | -252.56a |
| Gross profit | 862.03a | 777.13a | 738.32a |
| Operating expenses | — | — | — |
| Research and development | -264.85a | -248.77a | -243.53a |
| Sales and marketing | -380.15a | -348.64a | -331.4a |
| General and administrative | -137.38a | -128.97a | -126.55a |
| Total operating expenses | -782.39a | -726.38a | -701.48a |
| Income from operations | 79.63a | 50.75a | 36.84a |
| Interest income | 23.71a | 18.71a | 5.9a |
| Interest expense | -6.08a | -3.84a | -4.87a |
| Other expense, net | -12.11a | -3.04a | -3.47a |
| Income before income taxes | 85.16a | 62.59a | 34.41a |
| (Benefit from) provision for income taxes | -159.46a | -66.45a | -7.62a |
| Net income | 244.62a | 129.03a | 26.78a |
| Accretion and dividend on series A convertible preferred stock | -17.14a | -17.11a | -17.11a |
| Undistributed earnings attributable to preferred stockholders | -25.91a | -12.78a | -1.11a |
| Net income attributable to common stockholders | 201.57a | 99.15a | 8.57a |
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