Company / R&D Expense
Box, Inc. R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$294.5M
FY2025
5-year range
$218.5M / $294.5M
FY2021-FY2025
Trend
+11.2%
vs FY2024
Sector context
#97 of 264
Information Technology
What the data says
At $295M, Box, Inc.'s r&d expense ranks #97 of 264 in the Information Technology sector. R&D Expense has increased for 9 consecutive years, from $116M in FY2016 to $295M in FY2025.
Based on SEC 10-K filings.
$295M in FY2025 with a 5-year CAGR of +7.9%.
Improved from $249M to $295M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +6.5%
- 5-Year CAGR
- +7.9%
- 10-Year CAGR
- -
Sector benchmark
#97 of 264 in Information TechnologyTop 37% of 264This company $294.5M Sector average $924.6M
▼
-68.1% below sector average
Key checks
Key Insights
- Box, Inc.'s r&d expense has grown for 9 consecutive years.
- 5-year CAGR of +7.9%, indicating consistent growth.
- In FY2025, r&d expense increased 11.2% year-over-year.
- Ranks #97 out of 264 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 0.44 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $294.5M | +11.2% |
| FY2024 | $264.9M | +6.5% |
| FY2023 | $248.8M | +2.2% |
| FY2022 | $243.5M | +11.4% |
| FY2021 | $218.5M | +8.6% |
| FY2020 | $201.3M | +0.8% |
| FY2019 | $199.8M | +22.0% |
| FY2018 | $163.8M | +19.7% |
| FY2017 | $136.8M | +18.0% |
| FY2016 | $115.9M | +13.1% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026