Box Inc. (BOX) Earnings: Q3 2026 — Revenue Up 9%, EPS Miss

Box Inc. (BOX) — Q3 2026 results

Key financials and performance for Box Inc. (BOX):

Total revenue: $301.1 million (up 9.1% year‑over‑year) — compared with an analyst estimate of $302.1 million, a slight miss.

Gross profit: $239.5 million (up 8.7% year‑over‑year).

Cost of sales: $61.6 million (up 10.8% year‑over‑year).

Operating profit: $25.1 million (up 7.1% year‑over‑year).

Net income attributable to common shareholders: $6.9 million (down 9.6% year‑over‑year).

Diluted EPS: $0.05 (flat year‑over‑year) versus an EPS estimate of $0.32, a meaningful shortfall versus expectations.

Cash flow and balance sheet highlights:

Cash from operating activities: $73.0 million (up 16.7% year‑over‑year), showing stronger cash generation.

Purchases of property, plant and equipment (capex): ($1.7 million) (capex increased 536.9% year‑over‑year from a low base).

Cash and cash equivalents: $633.2 million (up 4.0% year‑over‑year), leaving the company with a solid cash reserve.

Total liabilities: $1.4 billion (up 4.4% year‑over‑year).

Takeaways:

Revenue growth of about 9% demonstrates continued top‑line momentum for Box Inc. (BOX), though results slightly missed consensus revenue.

Profitability metrics show modest improvements in gross and operating profit, but net income and EPS lagged, with EPS notably below estimates.

Operating cash flow strengthened, and the company maintains healthy cash balances, while capex rose from a low base and liabilities increased modestly.

Overall: revenue and cash flow trends are positive, but the sizable gap between reported EPS and estimate will likely draw investor attention.

Box Inc. Insider Trading Activity

Box Inc. insiders have traded $BOX stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.

Here’s a breakdown of recent trading of $BOX stock by insiders over the last 6 months:

GALIANO PAOLO TIRAMANI (Co-Chief Executive Officer) sold 6,250,000 shares for an estimated $5,000,000
DYLAN C SMITH (Chief Financial Officer) has made 0 purchases and 4 sales selling 98,000 shares for an estimated $3,253,357.
AARON LEVIE (Chief Executive Officer) has made 0 purchases and 2 sales selling 30,000 shares for an estimated $992,310.
OLIVIA NOTTEBOHM (Chief Operating Officer) has made 0 purchases and 7 sales selling 21,204 shares for an estimated $699,087.
DANA L EVAN sold 7,590 shares for an estimated $254,325
ELI BERKOVITCH (VP Chief Acct Ofr & Controller) has made 0 purchases and 2 sales selling 6,500 shares for an estimated $214,703.
BETHANY MAYER sold 5,123 shares for an estimated $174,509
JACK R LAZAR sold 5,000 shares for an estimated $160,975

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Box Inc. Hedge Fund Activity

We have seen 188 institutional investors add shares of Box Inc. stock to their portfolio, and 242 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

TWO SIGMA ADVISERS, LP removed 1,373,200 shares (-62.9%) from their portfolio in Q3 2025, for an estimated $44,313,164
TWO SIGMA INVESTMENTS, LP removed 1,017,399 shares (-50.2%) from their portfolio in Q3 2025, for an estimated $32,831,465
NOMURA HOLDINGS INC removed 1,005,954 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $32,462,135
WELLS FARGO & COMPANY/MN added 939,591 shares (+57.0%) to their portfolio in Q3 2025, for an estimated $30,320,601
NEUBERGER BERMAN GROUP LLC removed 906,886 shares (-94.9%) from their portfolio in Q3 2025, for an estimated $29,265,211
D. E. SHAW & CO., INC. removed 809,878 shares (-63.5%) from their portfolio in Q3 2025, for an estimated $26,134,763
MARSHALL WACE, LLP added 778,684 shares (+193.7%) to their portfolio in Q3 2025, for an estimated $25,128,132

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Box Inc. Analyst Ratings

Wall Street analysts have issued reports on $BOX in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Raymond James issued a "Outperform" rating on 08/27/2025
Citigroup issued a "Buy" rating on 08/27/2025

To track analyst ratings and price targets for Box Inc., check out Quiver Quantitative's $BOX forecast page.

Box Inc. Price Targets

Multiple analysts have issued price targets for $BOX recently. We have seen 5 analysts offer price targets for $BOX in the last 6 months, with a median target of $40.0.

Here are some recent targets:

Seth Gilbert from UBS set a target price of $36.0 on 09/18/2025
Steven Enders from Citigroup set a target price of $40.0 on 08/27/2025
Rishi Jaluria from RBC Capital set a target price of $26.0 on 08/27/2025
Brian Peterson from Raymond James set a target price of $42.0 on 08/27/2025