Filing Flows › Box (BOX) › Q1 FY27
Box (BOX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 27, 2026
Box (BOX) reported revenue of $306M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and 0% from the quarter before. Operating margin was 9.0%, net earnings $17.7M (5.8% of revenue).
Box, Q1 FY27: revenue $306M (+11% year over year), operating margin 9.0%, net earnings $17.7M, operating cash flow $140M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $306M | 0% | +11% |
| Gross profit | $243M | -0.7% | +13% |
| Operating profit | $27.4M | -12% | +333% |
| Net earnings | $17.7M | -78% | +116% |
| Operating cash flow | $140M | +27% | +10% |
| Free cash flow | $139M | +28% | +10% |
What changed
Revenue was $305.9M in Q1 FY27, up 11% year over year and roughly flat from the previous quarter.
Gross margin was 79.5%, up 1.5 points from Q1 FY26. Operating profit was $27.4M, a 9.0% margin (up 6.7 points year over year). Of the extra revenue versus Q1 FY26, 71% reached operating profit, above the 2% margin then. Operating expenses grew 3% against revenue growth of 11%. Net earnings were $17.7M, up 116% year over year. The effective tax rate was 35.6%.
Operating cash flow was $140.2M (up 10% year over year), 791% of net earnings. Non-cash charges added back $9.3M of depreciation and amortization and $56.3M of share-based compensation. Working capital and other items added $56.9M. Capital expenditures of $1.3M left free cash flow of $138.9M.
Questions
What was Box's revenue in the first quarter fiscal 2027?
Box (BOX) reported revenue of $306M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and 0% from the quarter before.
Was Box profitable in the first quarter fiscal 2027?
Operating profit was $27.4M (9.0% of revenue) and net earnings $17.7M.
Source: Box 10-Q on SEC EDGAR.