REDWOOD CITY, Calif. - Box, Inc. (NYSE:BOX) reported third quarter earnings that topped analyst expectations, while providing fourth quarter guidance largely in line with estimates. The cloud content management company's shares were little changed in after-hours trading.
Box posted adjusted earnings per share of $0.45 for Q3, exceeding the consensus estimate of $0.42. Revenue came in at $276 million, slightly above analysts' projections of $275.44 million and up 5% YoY.
"We delivered strong Q3 financial results and unveiled the most transformational product line-up in Box history," said Aaron Levie, co-founder and CEO of Box.
For the fourth quarter, Box expects revenue of approximately $279 million, representing 6% YoY growth. The company forecasts non-GAAP EPS of $0.41, matching Wall Street's estimate.
Box highlighted its record GAAP operating margin of 8.5% and non-GAAP operating margin of 29.1% in Q3. The company also noted that remaining performance obligations grew 13% YoY to $1.3 billion.
CFO Dylan Smith said Box's "efficient cost structure enables us to continue to make meaningful investments in our sales and marketing programs and product roadmap as we deliver the leading Intelligent Content Cloud for the enterprise."
Looking ahead, Box maintained its full fiscal year 2025 revenue outlook of approximately $1.09 billion, up 5% YoY. The company expects non-GAAP EPS of $1.70 for the full year.
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