Box (BOX) Research & Development (2014 - 2026)
Box (BOX) posted Research & Development of $186.0 million for Q1 2026, up 151.57% on a QoQ basis from $73.9 million in Q4 2025, and up 170.11% year-over-year from $68.9 million in Q1 2025.
Box (BOX) Research & Development (2014 - 2026) Analysis & Trends
Box's Research & Development history runs 13 years deep, the most recent figure standing at $186.0 million for 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 was $186.0 million for Q1 2026 at Box, up from $73.9 million in the prior quarter.
- Across five years, Research & Development topped out at $186.0 million in Q1 2026 and bottomed at -$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 slumped 100.91% — and 2023, when it surged 13776.58%.
- Box's Research & Development stood at $81.6 million in 2022, then advanced by 7.8% to $87.9 million in 2023, then increased by 8.5% to $95.4 million in 2024, then dropped by 22.49% to $73.9 million in 2025, then soared by 151.57% to $186.0 million in 2026.
- Business Quant data shows BOX's Research & Development at $186.0 million in Q1 2026, $73.9 million in Q4 2025, and $71.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 6.81 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | - |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 4.01 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 160.98 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 823.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 802.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 636.30 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 271.60 Mn |
| 10 | Box | 4.55 Bn | 4.07 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 |