Box Inc. Reports Q1 Earnings Beat with Revenue of $265M and EPS of $0.39, Light Guidance

May 28, 2024, 08:14 PM

Box Inc. reported its fiscal first-quarter 2025 financial results, showing a revenue of $265 million, which is a 5% increase year-over-year and 8% in constant currency, exceeding guidance. The company posted a GAAP operating margin of 6.8% and a non-GAAP operating margin of 26.6%, both surpassing expectations. GAAP net income per share was $0.08, while non-GAAP net income per share was $0.39, beating estimates of $0.36. Free cash flow was $123 million, up 14% year-over-year. Despite these positive results, Box provided a somewhat conservative outlook for the second quarter, forecasting revenue between $268 million and $270 million, slightly below the estimated $270.77 million. For fiscal year 2025, Box expects adjusted EPS to be between $1.54 and $1.58, with revenue projected to range from $1.075 billion to $1.08 billion. The stock saw a 1.4% decline in post-market trading, reflecting investor concerns over the light guidance.