Box Inc. (BXNCP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
900 JEFFERSON AVE REDWOOD CITY, CA 94063 |
| State of Incorp. | DE |
| Fiscal Year End | January 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 1/31/2025 | 1/31/2024 | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | 1/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 256,216 | 231,202 | 586,274 | 595,082 | 195,586 | 217,518 | |||
| Cash and cash equivalent | 383,742 | 428,465 | 416,274 | 595,082 | 195,586 | 217,518 | |||
| Short-term investments | 96,948 | 32,783 | 170,000 | ||||||
| Other undisclosed cash, cash equivalents, and short-term investments | (224,474) | (230,046) | |||||||
| Receivables | 281,487 | 264,515 | 256,312 | 228,309 | 209,434 | 175,130 | |||
| Prepaid expense | 11,672 | 16,416 | 10,986 | ||||||
| Contract with customer, asset, after allowance for credit loss | 1,100 | ||||||||
| Capitalized contract cost | 45,817 | 48,040 | 46,025 | 39,110 | 30,841 | ||||
| Other current assets | 34,186 | 32,960 | 3,441 | 4,247 | 3,237 | ||||
| Other undisclosed current assets | 224,474 | 230,046 | 26,853 | 1,672 | 1,202 | 21,683 | |||
| Total current assets: | 842,180 | 806,763 | 916,564 | 879,286 | 457,726 | 428,554 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 99,354 | 131,172 | 172,808 | 194,253 | 197,806 | ✕ | |||
| Property, plant and equipment | 31,353 | 69,972 | 105,755 | 160,148 | 190,976 | 137,703 | |||
| Intangible assets, net (including goodwill) | 76,750 | 73,863 | 74,466 | 18,740 | 18,740 | 18,740 | |||
| Goodwill | 76,750 | 73,863 | 74,466 | 18,740 | 18,740 | 18,740 | |||
| Capitalized contract cost, net | 63,541 | 71,999 | 72,884 | 66,481 | 62,762 | ||||
| Restricted cash and investments | 238 | ||||||||
| Deferred income tax assets | 75,665 | ✕ | |||||||
| Other noncurrent assets | 52,320 | 53,396 | 49,532 | 32,774 | 31,981 | 11,046 | |||
| Other undisclosed noncurrent assets | 53,880 | ||||||||
| Total noncurrent assets: | 398,983 | 400,402 | 475,445 | 472,396 | 502,265 | 221,607 | |||
| TOTAL ASSETS: | 1,241,163 | 1,207,165 | 1,392,009 | 1,351,682 | 959,991 | 650,161 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 36,872 | 44,086 | 54,705 | 43,669 | 49,268 | 49,915 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 54,705 | 39,123 | 32,516 | 34,484 | ||
| Accounts payable | 4,546 | 16,752 | 15,431 | ||||||
| Accrued liabilities | 36,872 | 44,086 | |||||||
| Deferred revenue | 562,859 | 544,179 | 519,485 | 443,929 | 407,493 | ✕ | |||
| Debt | 29,318 | 41,235 | 49,888 | 94,973 | 28,317 | ||||
| Deferred rent credit | 3,670 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 353,590 | ||
| Other undisclosed current liabilities | 79,549 | 98,244 | 103,550 | 75,353 | 25,700 | 27,708 | |||
| Total current liabilities: | 679,280 | 715,827 | 718,975 | 612,839 | 577,434 | 463,200 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 370,822 | 369,351 | 556,491 | 550,496 | 329,568 | 84,597 | |||
| Long-term debt, excluding current maturities | 370,822 | 369,351 | 367,463 | 297,614 | 40,000 | 40,000 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 44,597 | ||
| Finance lease, liability | 20,836 | 60,351 | 83,427 | ✕ | |||||
| Liabilities, other than long-term debt | 130,028 | 155,848 | 23,750 | 37,282 | 30,632 | 70,959 | |||
| Deferred revenue | 14,757 | 21,684 | 16,356 | ✕ | |||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 21,451 | ||
| Deferred rent credit | 45,034 | ||||||||
| Other liabilities | 35,863 | 37,847 | 8,993 | 15,598 | 14,276 | 4,474 | |||
| Operating lease, liability | 94,165 | 118,001 | 168,192 | 192,531 | 206,141 | ✕ | |||
| Total noncurrent liabilities: | 500,850 | 525,199 | 580,241 | 587,778 | 360,200 | 155,556 | |||
| Total liabilities: | 1,180,130 | 1,241,026 | 1,299,216 | 1,200,617 | 937,634 | 618,756 | |||
| Temporary equity, including noncontrolling interest | 492,095 | 489,990 | 487,880 | ||||||
| Equity | |||||||||
| Equity, attributable to parent | (431,062) | (523,851) | (395,087) | 151,065 | 22,357 | 31,405 | |||
| Common stock | 14 | 14 | 15 | 16 | 15 | 14 | |||
| Treasury stock, value | (1,177) | (1,177) | (1,177) | ||||||
| Additional paid in capital | 785,374 | 818,996 | 972,020 | 1,474,843 | 1,302,072 | 1,166,443 | |||
| Accumulated other comprehensive income (loss) | (9,686) | (7,065) | (4,543) | (938) | (307) | 23 | |||
| Accumulated deficit | (1,206,764) | (1,335,796) | (1,362,579) | (1,321,679) | (1,278,246) | (1,133,898) | |||
| Total equity: | (431,062) | (523,851) | (395,087) | 151,065 | 22,357 | 31,405 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,241,163 | 1,207,165 | 1,392,009 | 1,351,682 | 959,991 | 650,161 | |||
Income Statement (P&L) ($ in thousands)
| 1/31/2025 | 1/31/2024 | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | 1/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,037,741 | 990,874 | 874,332 | 770,770 | 696,264 | 608,386 | ||
| Cost of revenue (Cost of Product and Service Sold) | (260,612) | (252,556) | (249,484) | (224,738) | (215,577) | (173,594) | ||
| Gross profit: | 777,129 | 738,318 | 624,848 | 546,032 | 480,687 | 434,792 | ||
| Operating expenses | (726,376) | (701,478) | (652,474) | (583,674) | (620,159) | (569,029) | ||
| Operating income (loss): | 50,753 | 36,840 | (27,626) | (37,642) | (139,472) | (134,237) | ||
| Nonoperating income (expense) | 11,833 | (2,433) | (9,838) | 2,426 | (1,128) | 1,339 | ||
| Investment income, nonoperating | ||||||||
| Other nonoperating income (expense) | 11,833 | (2,433) | (9,838) | 2,426 | (1,128) | 1,339 | ||
| Interest and debt expense | (773) | (2,112) | (3,913) | (5,753) | (4,483) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 61,813 | 32,295 | (41,377) | (40,969) | (145,083) | (132,898) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 773 | 2,112 | 3,913 | (1,257) | 2,145 | (316) | ||
| Income (loss) from continuing operations before income taxes: | 62,586 | 34,407 | (37,464) | (42,226) | (142,938) | (133,214) | ||
| Income tax expense (benefit) | 66,446 | (7,624) | (3,995) | (1,207) | (1,410) | (1,398) | ||
| Income (loss) from continuing operations: | 129,032 | 26,783 | (41,459) | (43,433) | (144,348) | (134,612) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (41,459) | (43,433) | (144,348) | (134,612) | |
| Net income (loss) attributable to parent: | 129,032 | 26,783 | (41,459) | (43,433) | (144,348) | (134,612) | ||
| Preferred stock dividends and other adjustments | (10,911) | |||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (12,780) | (1,106) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (17,105) | (17,110) | (1,508) | |||||
| Net income (loss) available to common stockholders, diluted: | 99,147 | 8,567 | (53,878) | (43,433) | (144,348) | (134,612) | ||
Comprehensive Income ($ in thousands)
| 1/31/2025 | 1/31/2024 | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | 1/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 129,032 | 26,783 | (41,459) | (43,433) | (144,348) | (134,612) | ||
| Comprehensive income (loss): | 129,032 | 26,783 | (41,459) | (43,433) | (144,348) | (134,612) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (2,621) | (2,522) | (3,605) | (631) | (330) | (265) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 126,411 | 24,261 | (45,064) | (44,064) | (144,678) | (134,877) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.