Box, Inc. (BOX) SEC Filings & Earnings Calls

Change in principal accounting officer; low risk as successor has prior Box experience.

“Eli Berkovitch resigned; Yuhjtman appointed effective Oct 19, 2026.”

Loss of key accounting officer; potential for temporary disruption in financial reporting.

“Resignation of principal accounting officer; search for permanent replacement ongoing.”

FX headwind from Yen strength

“The increases were partially offset by the weakening of foreign currency exchange rates, which negatively impacted our revenue growth rates by approximately 170 basis points” · word for word

Macro-driven sales cycle elongation

“We continue to face challenges from customers scrutinizing deals more closely due to the economic environment.” · word for word

Cloud hosting concentration risk

“We outsource a substantial majority of our cloud hosting to Google Cloud Platform (GCP), which hosts our products and platform.” · word for word

FX headwind from Japanese Yen exposure

“Approximately 35% of revenue outside U.S., ~70% of that in JPY; Q3 guidance includes ~170 bps FX headwind on revenue, ~80 bps on op margin”

Equity plan amendment increases potential dilution; 7.2M additional shares authorized.

“Increase the number of shares of Class A common stock reserved for issuance under the 2015 Plan by 7,200,000 shares.” · word for word

AI integration costs and regulatory compliance

“Developing, testing, and deploying third-party AI systems may also increase the cost profile of our product offerings due to the nature of the computing costs involved in such systems, which could impact our margins and adversely affect our business and operating results.” · word for word

Macroeconomic pressure on IT spending

“For example, our business continues to be impacted by pressure from customers’ lower headcount growth and greater budget scrutiny on IT decisions.” · word for word

Cybersecurity and data breach risk

“Actual or perceived security vulnerabilities in our services or any breaches of our security controls and unauthorized access to our or a customer’s data could harm our business and operating results.” · word for word

Approximately 35% of revenue from outside U.S., with ~70% of that in Japanese Yen, creating FX headwinds.

“Approximately 35% of Box’s revenue is generated outside of the U.S., of which approximately 70% is in Japanese Yen.” · word for word

Competitive Pressure

“The market in which we participate is intensely competitive, and if we do not compete effectively, our operating results could be harmed.” · word for word

AI Adoption Risk

“Issues relating to the use of artificial intelligence and machine learning could adversely affect our business and operating results.” · word for word

Macroeconomic Headwinds

“Adverse economic conditions have in the past and may in the future result in reduced sales, longer sales cycles, reduced renewal rates, slower adoption of new technologies and increased price competition.” · word for word

GAAP EPS includes significant tax benefits; core profitability may be overstated

“GAAP diluted EPS of $0.47, which includes a $0.01 year-over-year benefit from favorable foreign exchange rates, as well as $0.43 from various net tax benefits.”

Macroeconomic Pressure on Seat Expansion

“Our net retention rate continues to be impacted by heightened budget scrutiny, putting pressure on seat expansion within existing customers and increased partial customer churn.” · word for word

Foreign Exchange Headwind

“RPO growth was unfavorably impacted by fluctuations in foreign currency exchange rates by approximately 30 basis points.” · word for word

Cloud Cost Pressure on Margins

“The $6.0 million, or 11%, increase in cost of revenue for the three months ended October 31, 2025 was primarily due to a $3.6 million increase in amortization of capitalized software, a decrease of $2.5 million in gains related to the sale of data center assets, and a $1.8 million increase in public cloud infrastructure costs.” · word for word

Non-GAAP EPS decline due to higher deferred tax expenses; GAAP EPS flat.

“Non-GAAP diluted EPS of $0.31, compared to $0.45, impacted by $0.16 from non-cash deferred tax expenses” · word for word