By Elias Schisgall

Box reported revenue in the third quarter above its previous guidance as the company said demand was growing for its artificial intelligence-powered content management platform.

The Redwood City, Calif.-based cloud storage company narrowed its third-quarter profit to $12.1 million, or 5 cents a share, compared with $12.9 million, or 5 cents a share, a year earlier.

Adjusted earnings were 31 cents a share, just behind Wall Street's expectations of 32 cents a share, according to FactSet. Box had forecast adjusted earnings between 31 cents and 32 cents a share.

Revenue rose to $301.1 million, up from $275.9 million a year earlier. Analysts surveyed by FactSet were targeting $299.1 million in revenue, and the company had guided for revenue between $298 million and $299 million.

The company reported $296 million in billings, up 12% from $264.7 million the year prior.

"Our strong third-quarter performance proves how quickly enterprises are embracing Box as their AI-powered intelligent content management platform," Box Chief Executive Aaron Levie said. "Enterprises want one platform that brings together security, compliance, collaboration and AI."

For the current fourth quarter, the company projected revenue of $304 million and adjusted earnings per share of 33 cents. It said the adjusted earnings guidance included an expected negative impact of 18 cents a share from the recognition of non-cash deferred tax expenses.

It projected that full-year revenue would be $1.18 billion, at the top end of its previous guidance for the full year. Box also forecast adjusted earnings of $1.28 per share, including a negative impact of 59 cents owing to deferred tax expenses.

Analysts are expecting adjusted earnings of 34 cents a share for the quarter and $1.29 for the year.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

December 02, 2025 16:05 ET (21:05 GMT)

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