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BOX (BOX) Q2 FY2025 earnings: revenue $270 million, up 3.3% on the year

BOX Inc. (BOX) reported revenue of $270 million for Q2 FY2025, the quarter ended 31 July 2024, up 3.3% on the same quarter a year earlier. Net income was $20 million, up 89.9% on the year, and diluted earnings per share $0.10. The figures are the company's own, from the 10-Q it filed with the SEC on 30 August 2024.

Revenue$270 millionup 3.3%
Net income$20 millionup 89.9%
Diluted EPS$0.10
QuarterQ2 FY2025ended 31 July 2024

The quarter, against the one before and a year earlier

LineQ2 FY2025Q1 FY2025A year earlierChange on the year
Revenue270265n/an/a
Cost of revenue55.558.3n/an/a
Gross profit215206n/an/a
Gross margin79.4%78.0%n/a
Research and development65.462.7n/an/a
Operating income20.318.0n/an/a
Operating margin7.5%6.8%n/a
Interest expense0.80.8n/an/a
Pre-tax income25.021.9n/an/a
Income tax4.54.6n/an/a
Effective tax rate17.9%21.2%n/a
Net income20.517.2n/an/a
Net margin7.6%6.5%n/a
Diluted EPS$0.10$0.08n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ2 FY2025Q1 FY2025A year earlierChange on the year
Operating cash flow36.3131n/an/a
Capital expenditure0.41.3n/an/a
Free cash flow35.9130n/an/a
Free cash flow margin13.3%49.1%n/a
Cash from investing38.8-23.2n/an/a
Cash from financing-121-35.7n/an/a
Depreciation and amortisation5.34.7n/an/a
Share-based compensation55.151.2n/an/a
Buybacks10732.1n/an/a
Diluted shares, weighted147m149mn/an/a
Shares outstanding at period end143m146mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ2 FY2025Q1 FY2025A year earlierChange on the year
Shareholders' equity-439-398n/an/a
Redeemable equity493493n/an/a
Debt372371n/an/a
Operating lease liabilities82.288.3n/an/a
Other liabilities613622n/an/a
Total liabilities and equity1,1211,176n/an/a
Goodwill76.876.4n/an/a
Investments75.6117n/an/a
Cash and equivalents407450n/an/a
Receivables177143n/an/a
Other assets384391n/an/a
Total assets1,1211,176n/an/a

Questions

What was BOX's revenue in Q2 FY2025?

BOX (BOX) reported revenue of $270 million for Q2 FY2025, the quarter ended 31 July 2024, up 3.3% on the same quarter a year earlier.

How much did BOX earn in Q2 FY2025?

Net income for Q2 FY2025 was $20 million, up 89.9% on the year, and diluted earnings per share $0.10.

When did BOX report Q2 FY2025 results?

BOX filed its 10-Q for the quarter ended 31 July 2024 with the SEC on 30 August 2024.

Quarterly results, the last 12 quarters

Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026 †Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027Q2 FY2027
Revenue262263265270276280276294301306306321
Cost of revenue69.262.758.355.555.658.860.761.561.660.962.767.2
Gross profit192200206215220221216232240245243254
Gross margin74%76%78%79%80%79%78%79%80%80%79%79%
R&D61.061.962.765.467.968.972.371.773.976.675.978.4
Operating income11.421.218.020.323.417.96.320.625.131.227.432.6
Operating margin4%8%7%8%8%6%2%7%8%10%9%10%
Interest expensen/an/a0.80.81.62.92.72.72.72.62.42.4
Pre-tax income13.225.621.925.017.321.013.123.727.434.427.531.9
Tax rate19%-288%21%18%25%-823%38%43%56%-137%36%40%
Net income10.799.217.220.512.91948.213.412.181.717.719.2
Net margin4%38%7%8%5%69%3%5%4%27%6%6%
Diluted EPS$0.04$0.57$0.08$0.10$0.05$1.12$0.02$0.05$0.05$0.47$0.08$0.09
Operating cash flow71.889.313136.362.610212746.073.011014070.8
Capital expenditure2.50.21.30.40.30.60.32.11.71.91.30.1
Free cash flow69.389.113035.962.310212743.971.310813970.7
Buybacks51.021.232.110730.042.449.739.976.912311669.3
Shares outstanding144m144m146m143m144m144m145m145m144m141m138m137m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 July 2024, filed 30 August 2024, accession 0000950170-24-102328: the filing on EDGAR. All of BOX Inc.'s filings: EDGAR company page.

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