Box (BOX) Cost of Revenue (2014 - 2026)
Box (BOX) posted Cost of Revenue of -$59.7 million for Q1 2026, down 196.98% quarter-over-quarter from $61.6 million in Q4 2025, and down 128.32% year-on-year from $210.8 million in Q1 2025.
Box (BOX) Cost of Revenue (2014 - 2026) Analysis & Trends
Box (BOX) has reported Cost of Revenue for 13 consecutive years, with -$59.7 million the latest figure, recorded in Q1 2026.
- Cost of Revenue for Q1 2026 came in at -$59.7 million, down 128.32% year-over-year; the trailing twelve-month figure through Jan 2026 was $162.5 million (down 61.3% YoY), and the FY2026 annual result was $244.6 million, down 35.65% from the prior year.
- Cost of Revenue was -$59.7 million for Q1 2026 at Box, down from $61.6 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $210.8 million in Q1 2025 and troughed at -$59.7 million in Q1 2026.
- Average Cost of Revenue over 5 years is $76.7 million, with a median of $69.2 million recorded in 2023.
- Year-over-year, Cost of Revenue jumped 3264.14% in 2024 and tumbled 128.32% in 2026.
- Over 5 years, Cost of Revenue stood at $81.6 million in 2022, then dropped by 15.13% to $69.2 million in 2023, then fell by 19.75% to $55.6 million in 2024, then increased by 10.83% to $61.6 million in 2025, then sank by 196.98% to -$59.7 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were -$59.7 million in Q1 2026, $61.6 million in Q4 2025, and $61.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 6.81 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 2.07 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 215.80 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 823.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 463.58 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 636.30 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 184.16 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 396.38 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.15 Bn |
| 10 | Box | 384,439.99 | -477.68 Mn | 245.00 Mn | -59.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -59.72 Mn |
| Jan 31, 2026 | -59.72 Mn |
| Oct 31, 2025 | 61.58 Mn |
| Oct 31, 2025 | 61.58 Mn |
| Jul 31, 2025 | 61.52 Mn |
| Jul 31, 2025 | 61.52 Mn |
| Apr 30, 2025 | 99.10 Mn |
| Apr 30, 2025 | 99.10 Mn |
| Jan 31, 2025 | 210.83 Mn |
| Jan 31, 2025 | 210.83 Mn |
| Oct 31, 2024 | 55.56 Mn |
| Oct 31, 2024 | 55.56 Mn |
| Jul 31, 2024 | 95.24 Mn |
| Jul 31, 2024 | 95.24 Mn |
| Apr 30, 2024 | 58.25 Mn |
| Apr 30, 2024 | 58.25 Mn |
| Jan 31, 2024 | 150.75 Mn |
| Jan 31, 2024 | 150.75 Mn |
| Oct 31, 2023 | 69.23 Mn |
| Oct 31, 2023 | 69.23 Mn |