Filing Flows › Box (BOX) › Q1 FY27 › vs Q4 FY26
Box (BOX) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Box's revenue rose $66K (0%) from $306M in Q4 FY26 to $306M in Q1 FY27. Gross margin 79.5% against 80.1% (-0.6 pts).
Box, Q1 FY27: revenue $306M (+11% year over year), operating margin 9.0%, net earnings $17.7M, operating cash flow $140M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 79.5% | 80.1% | -0.6 pts |
| Operating margin | 9.0% | 10.2% | -1.2 pts |
| Net margin | 5.8% | 26.7% | -20.9 pts |
| Free cash flow margin | 45.4% | 35.5% | +9.9 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $306M | $306M | $66K | 0% |
| Gross profit | $243M | $245M | −$1.8M | -0.7% |
| Cost of revenue | $62.7M | $60.9M | $1.9M | +3% |
| Operating profit | $27.4M | $31.2M | −$3.8M | -12% |
| Operating expenses | $216M | $214M | $2.0M | +0.9% |
| Pre-tax earnings | $27.5M | $34.4M | −$6.9M | -20% |
| Research & development | $75.9M | $76.6M | −$664K | -0.9% |
| Sales & marketing | $102M | $99.6M | $2.2M | +2% |
| General & admin | $38.0M | $37.6M | $399K | +1% |
| Net earnings | $17.7M | $81.7M | −$64.0M | -78% |
| Income tax | $9.8M | −$47.2M | $57.0M | — |
| Depreciation & amortization | $9.3M | $9.3M | −$38K | -0.4% |
| Share-based compensation | $56.3M | $58.8M | −$2.4M | -4% |
| Working capital & other | $56.9M | −$39.4M | $96.2M | — |
| Operating cash flow | $140M | $110M | $29.8M | +27% |
| Free cash flow (OCF − capex) | $139M | $108M | $30.5M | +28% |
| Capital expenditures | $1.3M | $1.9M | −$649K | -34% |
Questions
How much did Box's revenue grow quarter over quarter in Q1 FY27?
Box's revenue rose $66K (0%) from $306M in Q4 FY26 to $306M in Q1 FY27. Gross margin 79.5% against 80.1% (-0.6 pts).