Box (BOX) Cost of Revenue (2014 - 2026)
Box's (BOX) quarterly Cost of Revenue came in at $60.9 million in Q1 2026, up 3.56% YoY from $58.8 million in Q1 2025, and down 1.13% on a QoQ basis from $61.6 million in Q4 2025.
Box (BOX) Cost of Revenue (2014 - 2026) Analysis & Trends
Box (BOX) has 13 years of Cost of Revenue data on file, last reported at $60.9 million in Q1 2026.
- Quarterly Cost of Revenue rose 3.56% year-over-year to $60.9 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $244.6 million (up 7.25% YoY) and the FY2026 annual result came in at $244.6 million, up 7.25% from the prior year.
- Cost of Revenue eased to $60.9 million in Q1 2026, from $61.6 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $69.2 million in Q4 2023 to a low of $55.5 million in Q3 2024.
- A 5-year average of $61.8 million and a median of $61.6 million in 2025 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2024 — Cost of Revenue fell 19.75% — and 2025, when it advanced 10.83%.
- Tracing BOX's Cost of Revenue over 5 years: stood at $64.5 million in 2022, then grew by 7.35% to $69.2 million in 2023, then slipped by 19.75% to $55.6 million in 2024, then advanced by 10.83% to $61.6 million in 2025, then decreased by 1.13% to $60.9 million in 2026.
- The last three Cost of Revenue figures came in at $60.9 million (Q1 2026), $61.6 million (Q4 2025), and $61.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Box | 4.69 Bn | 4.21 Bn | 245.00 Mn | 60.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 60.88 Mn |
| Jan 31, 2026 | 60.88 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 | 60.67 Mn |
| Apr 30, 2025 | 60.67 Mn |
| Jan 31, 2025 | 58.78 Mn |
| Jan 31, 2025 | 58.78 Mn |
| Oct 31, 2024 | 55.56 Mn |
| Oct 31, 2024 | 55.56 Mn |
| Jul 31, 2024 | 55.51 Mn |
| Jul 31, 2024 | 55.51 Mn |
| Apr 30, 2024 | 58.25 Mn |
| Apr 30, 2024 | 58.25 Mn |
| Jan 31, 2024 | 62.72 Mn |
| Jan 31, 2024 | 62.72 Mn |
| Oct 31, 2023 | 69.23 Mn |
| Oct 31, 2023 | 69.23 Mn |