Box (BOX) Research & Development (2014 - 2026)
Box's (BOX) quarterly Research & Development came in at $186.0 million in Q1 2026, up 170.11% YoY from $68.9 million in Q1 2025, and up 151.57% on a QoQ basis from $73.9 million in Q4 2025.
Box (BOX) Research & Development (2014 - 2026) Analysis & Trends
Box (BOX) has 13 years of Research & Development data on file, last reported at $186.0 million in Q1 2026.
- Quarterly Research & Development rose 170.11% year-over-year to $186.0 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $430.8 million (up 22.32% YoY) and the FY2026 annual result came in at $404.0 million, up 52.53% from the prior year.
- Research & Development improved to $186.0 million in Q1 2026, from $73.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $186.0 million in Q1 2026 to a low of -$444000.0 in Q1 2022.
- A 5-year average of $80.8 million and a median of $81.6 million in 2022 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development tumbled 100.91% — and 2023, when it surged 13776.58%.
- Tracing BOX's Research & Development over 5 years: stood at $81.6 million in 2022, then rose by 7.8% to $87.9 million in 2023, then climbed by 8.5% to $95.4 million in 2024, then decreased by 22.49% to $73.9 million in 2025, then jumped by 151.57% to $186.0 million in 2026.
- The last three Research & Development figures came in at $186.0 million (Q1 2026), $73.9 million (Q4 2025), and $71.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Box | 4.69 Bn | 4.21 Bn | 245.00 Mn | 186.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 186.03 Mn |
| Oct 31, 2025 | 73.95 Mn |
| Jul 31, 2025 | 71.72 Mn |
| Apr 30, 2025 | 99.10 Mn |
| Jan 31, 2025 | 68.87 Mn |
| Oct 31, 2024 | 95.41 Mn |
| Jul 31, 2024 | 95.24 Mn |
| Apr 30, 2024 | 92.67 Mn |
| Jan 31, 2024 | 85.89 Mn |
| Oct 31, 2023 | 87.93 Mn |
| Jul 31, 2023 | 88.61 Mn |
| Apr 30, 2023 | 62.52 Mn |
| Jan 31, 2023 | 60.72 Mn |
| Oct 31, 2022 | 81.57 Mn |
| Jul 31, 2022 | 61.97 Mn |
| Apr 30, 2022 | 61.73 Mn |
| Jan 31, 2022 | -444,000.00 |
| Oct 31, 2021 | 55.84 Mn |
| Jul 31, 2021 | 52.72 Mn |
| Apr 30, 2021 | 69.81 Mn |