Filing Flows › Box (BOX) › Q2 FY27 › vs Q1 FY27
Box (BOX) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Box's revenue rose $15.2M (+5%) from $306M in Q1 FY27 to $321M in Q2 FY27. Gross margin 79.1% against 79.5% (-0.4 pts).
Box, Q2 FY27: revenue $321M (+9% year over year), operating margin 10.2%, net earnings $19.2M, operating cash flow $70.8M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 79.1% | 79.5% | -0.4 pts |
| Operating margin | 10.2% | 9.0% | +1.2 pts |
| Net margin | 6.0% | 5.8% | +0.2 pts |
| Free cash flow margin | 22.0% | 45.4% | -23.4 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Revenue | $321M | $306M | $15.2M | +5% |
| Gross profit | $254M | $243M | $10.8M | +4% |
| Cost of revenue | $67.2M | $62.7M | $4.4M | +7% |
| Operating profit | $32.6M | $27.4M | $5.2M | +19% |
| Operating expenses | $221M | $216M | $5.6M | +3% |
| Pre-tax earnings | $31.9M | $27.5M | $4.3M | +16% |
| Research & development | $78.4M | $75.9M | $2.5M | +3% |
| Sales & marketing | $107M | $102M | $4.8M | +5% |
| General & admin | $36.2M | $38.0M | −$1.8M | -5% |
| Net earnings | $19.2M | $17.7M | $1.5M | +8% |
| Income tax | $12.6M | $9.8M | $2.9M | +29% |
| Operating cash sources | $90.5M | $83.3M | $7.2M | +9% |
| Depreciation & amortization | $9.9M | $9.3M | $665K | +7% |
| Share-based compensation | $61.4M | $56.3M | $5.0M | +9% |
| Working capital & other | $19.7M | −$56.9M | $76.6M | — |
| Operating cash flow | $70.8M | $140M | −$69.3M | -49% |
| Free cash flow (OCF − capex) | $70.7M | $139M | −$68.2M | -49% |
| Capital expenditures | $121K | $1.3M | −$1.2M | -90% |
Questions
How much did Box's revenue grow quarter over quarter in Q2 FY27?
Box's revenue rose $15.2M (+5%) from $306M in Q1 FY27 to $321M in Q2 FY27. Gross margin 79.1% against 79.5% (-0.4 pts).