Filing Flows

Filing Flows › Companies › Box › Cash flow

Box cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$70.7M in Q2 FY27 · $389M over twelve months

Operating cash flow$70.8M
Capital spending−$121K
Free cash flow+$70.7M
Cash / net income3.7×

Analysis

In Q2 FY27, Box generated $70.8M of operating cash flow and spent $121K on capital projects, leaving free cash flow of $70.7M. That is $26.6M more than in Q2 FY26 ($44.1M).

Over the twelve months to Jul 31, 2026, operating cash flow was $394M; the largest uses were buybacks ($386M), other financing ($225M), taxes on employees’ shares ($74.8M); besides operations, cash came from shares issued ($26.4M); the cash balance fell by $315M.

Operating cash flow was $70.8M against net income of $19.2M — 3.7× profit, cash ran ahead of reported earnings. The largest differences: stock-based pay +$61.4M, receivables −$21.2M, depreciation & amortization +$9.9M.

Free cash flow

Box: free cash flow by quarterBox: free cash flow by quarter$62.3MQ3 FY25$102MQ4 FY25$127MQ1 FY26$44.1MQ2 FY26$71.1MQ3 FY26$108MQ4 FY26$139MQ1 FY27$70.7MQ2 FY27
Operating cash flow less capital spending.
Box: operating cash flow against capital spendingBox: operating cash flow against capital spendingOperating cash flowCapital spending$62.6M$271KQ3 FY25$102M$628KQ4 FY25$127M$311KQ1 FY26$46.0M$1.9MQ2 FY26$73.0M$2.0MQ3 FY26$110M$1.9MQ4 FY26$140M$1.3MQ1 FY27$70.8M$121KQ2 FY27
Latest (Q2 FY27): Operating cash flow $70.8M, Capital spending $121K.

Capital allocation, year by year

Box: where the cash came from (up) and went (down), by fiscal yearBox: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY22: Operating cash flow $235MFY22: Net borrowing −$50.4MFY22: Shares issued $25.4MFY22: Acquisitions −$59.4MFY22: Buybacks −$562M$260MFY22FY23: Operating cash flow $298MFY23: Net borrowing −$40.4MFY23: Shares issued $32.2MFY23: Asset sales $601KFY23: Capital spending −$5.0MFY23: Buybacks −$274M$331MFY23FY24: Operating cash flow $319MFY24: Net borrowing −$30.2MFY24: Shares issued $28.2MFY24: Asset sales $2.9MFY24: Capital spending −$4.7MFY24: Acquisitions −$2.7MFY24: Buybacks −$177M$350MFY24FY25: Operating cash flow $332MFY25: Net borrowing $416MFY25: Shares issued $45.0MFY25: Asset sales $8.4MFY25: Capital spending −$2.6MFY25: Buybacks −$211M$801MFY25FY26: Operating cash flow $356MFY26: Shares issued $28.6MFY26: Asset sales $309KFY26: Capital spending −$6.1MFY26: Buybacks −$290M$385MFY26
Over these 5 years operating cash flow totalled $1.5B; the largest uses were buybacks ($1.5B) and net borrowing ($121M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$444M
Debt$452M
Net debt$8.1M

Box funds itself: free cash flow was $389M over the last twelve months, and $444M of cash and investments stands against $452M of debt.

Where the cash came from and went

Box: sources (+) and uses (−) of cash, Q2 FY27Box: sources (+) and uses (−) of cash, Q2 FY27Operating cash flow$70.8MBuybacks−$69.3MCash drawn (+) / kept (−)$36.1MTaxes on employees’ shares−$16.4MOther investing−$13.9MOther financing−$4.9MExchange rates−$2.3MCapital spending−$121K
Box: sources (+) and uses (−) of cash, TTM to Q2 FY27Box: sources (+) and uses (−) of cash, TTM to Q2 FY27Operating cash flow$394MBuybacks−$386MCash drawn (+) / kept (−)$315MOther financing−$225MTaxes on employees’ shares−$74.8MOther investing−$38.7MShares issued$26.4MExchange rates−$6.9MCapital spending−$5.3M

From profit to cash

Box: net income to operating cash flow, Q2 FY27Box: net income to operating cash flow, Q2 FY27Net income$19.2MDepreciation & amortization$9.9MStock-based pay$61.4MDeferred taxes$6.6MOther non-cash$1.7MReceivables−$21.2MDeferred revenue−$9.0MPrepaid and other assets−$4.1MOperating cash flow$70.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27$70.8M−$121K−$69.3M——$36.1M$70.7M
Q1 FY27$140M−$1.3M−$116M—$15.9M−$3.7M$139M
Q4 FY26$110M−$1.9M−$123M——$258M$108M
Q3 FY26$73.0M−$2.0M−$76.9M—$10.5M$24.7M$71.1M
Q2 FY26$46.0M−$1.9M−$39.9M—$1.3M$31.7M$44.1M
Q1 FY26$127M−$311K−$49.7M—$16.9M−$65.2M$127M
Q4 FY25$102M−$628K−$42.4M−$1.2M$2.9M−$16.1M$102M
Q3 FY25$62.6M−$271K−$30.0M—$11.1M−$202M$62.3M

Box: income statement and cash flow

Box, Q2 FY27: revenue $321M (+9% year over year), operating margin 10.2%. The chart follows the revenue to costs, profit and cash.

Box: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.