Box, Inc.
In the published model solve dated 2026-Q2, anchored at $32.50, Box, Inc. (BOX) is priced for today's economics sustained for ~6.6 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Box sells one product line, cloud content management, into large regulated enterprises, and the subscriptions stick: the FY2026 annual report states ⟦we expect our net retention rate to remain above 100% for the foreseeable future⟧, and revenue in the April quarter reached $306 million, up 11% on the year [Source: Box first quarter fiscal 2027 results, May 26, 2026]. • Stock compensation absorbs roughly two thirds of the free cash flow this business generates before any of it belongs to an own
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384 institutional managers reported holding BOX in 13F filings for the quarter ended 2026-03-31. Together they hold about 92% of the company; the top 10 hold 53%. 58 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 13.5M shares were sold short as of the 2026-06-15 count, about 10% of shares outstanding (6.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
BOX has cut its share count 13.7% over the past five years, spending $1.63B on repurchases. It pays no dividend. Cash returned over the past three years: $752.07M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at BOX over the trailing three years. Absence is a fact about the company, not a signal. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
BOX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-09-01 | -11.5% | -5.3% |
| 2023-12-07 | -9.6% | +11.7% |
| 2024-03-12 | +6.2% | -11.1% |
| 2024-05-31 | +7.6% | -0.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
BOX's latest 8-K filings: 2026-07-01 (items 5.02, 5.07, 9.01); 2026-05-26 (items 2.02, 9.01); 2026-03-03 (items 2.02, 9.01); 2025-12-02 (items 2.02, 9.01); 2025-08-26 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.