$3.7 B

BOX Mkt cap, 20-Jul-2018

$140.5 M

Box Revenue Q1, 2019
Box Gross profit (Q1, 2019)101.4 M
Box Gross profit margin (Q1, 2019), %72.2%
Box Net income (Q1, 2019)-36.6 M
Box EBIT (Q1, 2019)-35.9 M
Box Cash, 30-Apr-2018217.1 M
Box EV3.5 B

Box Revenue

Box revenue was $506.14 m in FY, 2018 which is a 27% year over year increase from the previous period.

Embed Graph

Box Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

216.4 m302.7 m398.6 m506.1 m

Revenue growth, %

40%32%27%

Cost of goods sold

47.3 m87.1 m112.1 m135.2 m

Gross profit

169.2 m215.6 m286.5 m370.9 m

Gross profit Margin, %

78%71%72%73%

Sales and marketing expense

207.7 m242.2 m253 m303.3 m

R&D expense

66.4 m102.5 m115.9 m136.8 m

General and administrative expense

61.7 m71.9 m68.2 m84.8 m

Operating expense total

335.8 m416.6 m437.1 m524.9 m

EBIT

(166.7 m)(201 m)(150.7 m)(154 m)

EBIT margin, %

(77%)(66%)(38%)(30%)

Interest expense

2 m1.2 m896 k1 m

Pre tax profit

(168.8 m)(202.3 m)(150.9 m)(154.2 m)

Income tax expense

(569 k)690 k914 k715 k

Net Income

(168.2 m)(202.9 m)(151.8 m)(155 m)

Box Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

330.4 m185.7 m177.4 m208.1 m

Accounts Receivable

54.2 m99.5 m120.1 m162.1 m

Prepaid Expenses

12.1 m14.7 m10.8 m11.4 m

Current Assets

406.2 m320 m322.1 m399.2 m

PP&E

58.4 m120.5 m117.2 m124 m

Goodwill

11.2 m14.3 m16.3 m16.3 m

Total Assets

492.7 m497.5 m493.7 m553.6 m

Accounts Payable

17.5 m9.9 m6.7 m17 m

Current Liabilities

166.1 m250.5 m297.9 m394 m

Long-term debt

40 m40 m40 m40 m

Non-Current Liabilities

58.5 m109.1 m121 m144.6 m

Total Debt

40 m40 m40 m40 m

Total Liabilities

224.5 m359.6 m418.9 m538.6 m

Additional Paid-in Capital

798.7 m871.5 m960.1 m1.1 b

Retained Earnings

(529.4 m)(732.3 m)(884.1 m)(1 b)

Total Equity

268.1 m137.9 m74.7 m15 m

EPS

(11.5 )(1.7 )(1.2 )(1.2 )

Financial Leverage

1.8 x3.6 x6.6 x37 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

180 m140.1 m189.7 m182.7 m173.3 m167.8 m183.7 m165.3 m172.9 m217.1 m

Accounts Receivable

38.6 m54 m64.4 m57.6 m75.2 m86 m82.8 m107.9 m95.9 m91 m

Prepaid Expenses

39.3 m37.5 m21.7 m15.4 m13.8 m12.8 m14.8 m16.6 m13.9 m17.6 m

Current Assets

370.9 m343.3 m310.5 m267.4 m272.9 m277.2 m294.1 m303.1 m296 m340.8 m

PP&E

59.3 m79.6 m113.5 m112.1 m107.1 m113.4 m117.6 m117.1 m118.3 m124.5 m

Goodwill

11.7 m14.3 m14.3 m14.3 m14.3 m16.3 m16.3 m16.3 m16.3 m16.3 m

Total Assets

481.9 m480 m480 m434.2 m432.2 m443.4 m463.9 m473.7 m466.8 m528.5 m

Accounts Payable

15.1 m23 m28.9 m8.5 m7.6 m9.9 m13.8 m13.8 m11.3 m14.5 m

Current Liabilities

166 m189.5 m211.8 m200.7 m217.7 m240.2 m275.6 m297.1 m296.9 m340.8 m

Long-term debt

40 m40 m40 m40 m40 m40 m40 m40 m40 m40 m

Non-Current Liabilities

85 m89.9 m96.3 m111.9 m113.6 m114.3 m128.5 m134.7 m143.6 m141.1 m

Total Debt

40 m40 m40 m40 m40 m40 m40 m40 m40 m40 m

Total Liabilities

250.9 m279.4 m308.1 m312.6 m331.3 m354.5 m404 m431.8 m440.5 m481.9 m

Additional Paid-in Capital

808.9 m828.7 m855.1 m893.6 m911 m937.3 m985.3 m1 b1 b1.1 b

Retained Earnings

(576.7 m)(626.9 m)(682 m)(770.9 m)(809 m)(847.3 m)(924.2 m)(963.5 m)(1 b)(1 b)

Total Equity

231 m200.6 m171.9 m121.6 m100.8 m88.9 m59.8 m41.9 m26.3 m46.6 m

EPS

(0.4 )(0.4 )(0.5 )(0.3 )(0.3 )(0.3 )(0.3 )(0.3 )(0.3 )(0.3 )

Financial Leverage

2.1 x2.4 x2.8 x3.6 x4.3 x5 x7.8 x11.3 x17.7 x11.3 x

Box Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(168.2 m)(202.9 m)(151.8 m)(155 m)

Depreciation and Amortization

29 m40.4 m40.2 m40.1 m

Accounts Receivable

(11.5 m)(45.4 m)(20.6 m)(42 m)

Accounts Payable

3.2 m(4 m)(1.1 m)6.9 m

Cash From Operating Activities

(84.9 m)(66.3 m)(1.2 m)61.8 m

Purchases of PP&E

(38.7 m)(72.9 m)(15 m)(11.8 m)

Cash From Investing Activities

(38.9 m)(80.9 m)(7.6 m)(11.7 m)

Long-term Borrowings

(40 m)

Cash From Financing Activities

345.4 m2.5 m479 k(19.8 m)

Net Change in Cash

221.6 m(144.7 m)(8.4 m)30.7 m

Interest Paid

1.1 m1.2 m1.2 m1.9 m

Income Taxes Paid

157 k832 k239 k1.3 m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

(47.3 m)(50.2 m)(55.1 m)(38.6 m)(38.1 m)(38.2 m)(40.1 m)(39.3 m)(42.9 m)(36.6 m)

Depreciation and Amortization

9.2 m9.9 m9.9 m12.1 m10.7 m8.7 m9.6 m9.8 m9.9 m11.4 m

Accounts Receivable

15.6 m(15.5 m)(10.3 m)41.9 m(17.6 m)(10.8 m)37.3 m(25.1 m)12 m71.7 m

Accounts Payable

266 k8.6 m(7 m)266 k(550 k)2.4 m7.2 m(121 k)(2.6 m)475 k

Cash From Operating Activities

(32.2 m)(21.7 m)(17.3 m)(4.2 m)(4.9 m)(6.8 m)8.5 m(9.5 m)14.1 m18.4 m

Purchases of PP&E

(9.9 m)(17.9 m)(20 m)(11 m)(771 k)(1.9 m)(784 k)(1 m)(3 m)(4 m)

Cash From Investing Activities

(113.3 m)(16.8 m)56.5 m(757 k)12 k(1.9 m)(4.4 m)(1 m)(3 m)(4 m)

Cash From Financing Activities

(5 m)(1.4 m)10.4 m5.5 m(4.4 m)3.2 m(1.5 m)(8 m)(3.4 m)(5.2 m)

Net Change in Cash

(150.4 m)(39.9 m)49.6 m(3.1 m)(9.4 m)(5.5 m)6.3 m(18.4 m)7.6 m(5.2 m)

Interest Paid

359 k293 k297 k233 k555 k50 k423 k466 k527 k585 k

Income Taxes Paid

458 k242 k132 k118 k(2 k)95 k545 k188 k425 k861 k

Box Ratios

USDY, 2018

EV/EBIT

-97.4 x

EV/CFO

189.3 x

Financial Leverage

11.3 x

P/E Ratio

(100.5 )
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Box Operating Metrics

Box's Enterprise Customers was reported to be 275 k in Q3, 2015. Box's Registered Users was reported to be 60 m in Q1, 2019. Box's Backlog was reported to be $278m in FY, 2018.
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Box Human Capital

Box's employees are reported to be approximately 35% female and 65% male.

Ethnicity

Y, 2017
White59.4 %
Hispanic5.9 %
Asian28.7 %
Other5.9 %

Gender

Y, 2017
Male65 %
Female35 %
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