BOX Box (BOX) Q1 FY27 earnings call
Box delivered a strong Q1 FY27, achieving double-digit revenue growth for the first time in over three years, fueled by robust adoption of its Enterprise Advanced suite and AI-powered solutions. The company exceeded guidance across key financial metrics, demonstrating accelerating top-line momentum and expanding profitability. Management highlighted the increasing demand for its intelligent content management platform as enterprises seek to securely integrate AI agents with unstructured data, driving continued investment in product innovation and strategic partnerships.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
BOX operating KPIs by quarter
| KPI | Jan 2026 Q4 FY26 | This call Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|
| Remaining performance obligation (RPO) | $1.7BWe ended Q4 with remaining performance obligations, or RPO, of $1.7 billion, representing 17% year-over-year growth or 16% in constant currency and providing us with greater visibility into future revenue.Source: earnings call transcript | $1.6BWe ended Q1 with remaining performance obligations, or RPO, of $1.6 billion, a 12% year-over-year increase or 16% in constant currency.Source: earnings call transcript | $1.7BWe ended Q2 with remaining performance obligations, or RPO, of $1.7 billion, a 15% year-over-year increase or 17% in constant currency.Source: earnings call transcript | +6.3% |
| Net revenue retention rate | 104%We ended Q4 with a net retention rate of 104% and up from 102% in the year ago period, driven by continued improvements in both pricing and net seat expansion trends.Source: earnings call transcript | 105%In Q1, our Enterprise Advanced net retention rate was higher than our overall net retention rate of 105%.Source: earnings call transcript | 106%We drove a net retention rate of 106% ahead of our expectations of 105%, driven by both price per seat increases and seat expansion.Source: earnings call transcript | +1 pt |
| Annualized full churn rate | — | 3%Our annualized full churn rate remained at 3%.Source: earnings call transcript | 3%Our annualized full churn rate remained at 3%.Source: earnings call transcript | 0 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.