Box, Inc. Announces Fiscal Q3 2025 Financial Results
Box, Inc. (NYSE: BOX) has unveiled its financial performance for the third fiscal quarter ending on October 31, 2024. The company showed modest growth, highlighted by increased revenues and earnings in both GAAP and non-GAAP terms.
Key Financial Metrics
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Total Revenue | $275.9 million | $261.5 million | +5% |
| GAAP Net Income Per Share | $0.05 | $0.04 | +25% |
| Non-GAAP Net Income Per Share | $0.45 | $0.36 | +25% |
| GAAP Operating Margin | 8.5% | 4.4% | +93% |
| Non-GAAP Operating Margin | 29.1% | 24.7% | +18% |
Box reported a total revenue of $275.9 million, representing a year-over-year growth of 5%. Operating margins reached record levels, with a significant year-over-year increase. Earnings per share also saw notable growth under both GAAP and non-GAAP measures.
Key Developments and Operational Highlights
- Record GAAP and non-GAAP operating margins achieved during the quarter.
- Successful launch of new transformational product offerings under the Intelligent Content Management platform.
- Strategic partnerships expanded, including collaborations with industry leaders like AWS.
- Completion of a $460 million capital raise via a convertible debt offering.
Management Commentary
CEO Aaron Levie emphasized the transformational nature of the new product lineup, highlighting its potential to unlock content value, drive process automation, and ensure information security. CFO Dylan Smith attributed strong financial performance to operational discipline and an efficient cost structure that supports continued investment in strategic initiatives.
Shareholder Returns and Stock Movement
There was no mention of dividends or share repurchase plans in the current release. Following the earnings announcement, Box's stock price experienced a decline of approximately 2.13%.
Forward Guidance
Looking ahead, Box provided guidance for Q4 FY25, with expected revenue of approximately $279 million, reflecting a 6% increase year-over-year. The company also anticipates GAAP and non-GAAP operating margins to be 7.5% and 27.5%, respectively. The projection takes into account the anticipated negative impact of foreign exchange rates on earnings.
Box continues to focus on expanding its Intelligent Content Management platform and exploring further strategic partnerships and innovative product developments to drive growth.
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