Box (BOX) Cost of Revenue (2014 - 2026)

Box has reported Cost of Revenue for 13 years, with the latest figure at -$59.7 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 128.32% year-over-year to -$59.7 million; the trailing twelve-month figure through Jan 2026 stood at $162.5 million (down 61.3% YoY), and the FY2026 full-year result was $244.6 million, down 35.65% from the prior year.
• Cost of Revenue for Q1 2026 stood at -$59.7 million, down from $61.6 million in the prior quarter.
• The five-year high for Cost of Revenue was $210.8 million in Q1 2025, with the low at -$59.7 million in Q1 2026.
• Historically, Cost of Revenue has averaged $76.7 million across 5 years, with a median of $69.2 million in 2023.
• Annual changes were most pronounced in 2024 — Cost of Revenue surged 3264.14% — and 2026, when it sank 128.32%.
• Box's Cost of Revenue stood at $81.6 million in 2022, then retreated by 15.13% 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 slumped by 196.98% to -$59.7 million in 2026.
• The last three Cost of Revenue figures came in at -$59.7 million (Q1 2026), $61.6 million (Q4 2025), and $61.5 million (Q3 2025), per Business Quant data.