Box Inc. recently released its 10-Q report, offering a comprehensive insight into the company's financial condition and operational performance. Box Inc. operates as a cloud content management platform, facilitating organizations to manage and share content across various devices. The company's Software-as-a-Service (SaaS) platform allows users to work with their content securely, enhancing productivity and accelerating business processes. As of July 31, 2025, Box Inc. reported revenue of $294.0 million for the three months ended July 31, 2025, representing a 9% year-over-year growth. The company's remaining performance obligations stood at $1.476 billion, indicating a 16% increase from the previous year. Additionally, Box Inc. reported a gross profit of $232.5 million and an operating income of $20.6 million for the same period.
The company's billings for the three and six months ended July 31, 2025, were $264.9 million and $507.2 million, respectively, showcasing a 3% increase from the corresponding period in 2024 and a 13% increase from the six months ended July 31, 2024. Box Inc. also demonstrated a 27% increase in net cash provided by operating activities, reaching $46.0 million for the three months ended July 31, 2025, compared to $36.3 million for the same period in 2024. Moreover, the company's non-GAAP free cash flow for the three months ended July 31, 2025, was $35.7 million, marking a 9% increase from the prior year.
Box Inc.'s remaining performance obligations, standing at $1.476 billion as of July 31, 2025, witnessed a significant increase of 16% from the previous year. The short-term remaining performance obligations amounted to $811.9 million, while the long-term remaining performance obligations stood at $664.4 million, indicating increases of 12% and 21%, respectively, from July 31, 2024. The company also highlighted a workforce reorganization effort during the six months ended July 31, 2025, resulting in charges of approximately $1.1 million and $8.2 million for the three and six months ended July 31, 2025, respectively.
Box Inc. acknowledged the impact of macroeconomic factors on its business, citing worldwide economic and geopolitical conditions, including inflation, higher interest rates, and currency exchange rate trends, as potential influencers on its results of operations and financial performance. The company's billings growth was also affected by fluctuations in foreign currency exchange rates, with the three months ended July 31, 2025, reflecting an unfavorable impact of approximately 250 basis points and the six months ended July 31, 2025, experiencing a favorable impact of approximately 280 basis points.
Today the company's shares have moved 3.43% to a price of $32.23. For more information, read the company's full 10-Q submission here.
