Box, Inc. (BOX): history, ownership, mission, how it works & makes money

Box, Inc. (BOX): history, ownership, mission, how it works & makes money

US | Technology | Software - Infrastructure | NYSE

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A Brief History of Box, Inc. (BOX)

Company Overview

Box, Inc. is a cloud content management and file sharing service headquartered in Redwood City, California. Founded in 2005 by Aaron Levie and Dylan Smith.

Financial Performance

Fiscal Year 2024 Metrics Amount
Annual Revenue $1.02 billion
Net Income $48.3 million
Market Capitalization $3.8 billion
Stock Price (as of Q1 2024) $32.45

Product Offerings

  • Box Content Cloud
  • Box Shield
  • Box Governance
  • Box Sign

Customer Base

Enterprise Customers: Over 97,000 businesses worldwide

Geographical Presence

Region Customer Percentage
North America 68%
Europe 22%
Asia Pacific 10%

Key Leadership

  • Aaron Levie - Co-founder and CEO
  • Dylan Smith - Co-founder and Board Member

Stock Performance

NASDAQ: BOX trading volume average: 1.2 million shares per day



Who Owns Box, Inc. (BOX)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
The Vanguard Group, Inc. 14,237,280 13.02%
BlackRock Inc. 10,481,280 9.59%
Artemis Investment Management LLP 8,548,832 7.82%
Baillie Gifford & Co 7,323,652 6.70%

Insider Ownership

Aaron Levie (Co-founder and CEO): 4.7% of total shares

Top Institutional Investors

  • The Vanguard Group, Inc.
  • BlackRock Inc.
  • Artemis Investment Management LLP
  • Baillie Gifford & Co
  • State Street Corporation

Ownership Structure

Public Float: 109,310,000 shares

Total Outstanding Shares: 110,950,000 shares

Significant Ownership Percentages

Category Percentage
Institutional Investors 87.3%
Insider Ownership 6.2%
Retail Investors 6.5%


Box, Inc. (BOX) Mission Statement

Company Overview

Box, Inc. (NYSE: BOX) is a cloud content management and file sharing service for businesses headquartered in Redwood City, California.

Fiscal Year 2024 Key Metrics Value
Annual Revenue $1.03 billion
Net Income $38.2 million
Total Employees 2,400

Mission Statement Components

Box's mission focuses on powering how businesses transform digital content management and collaboration.

  • Enable secure content management across enterprise organizations
  • Provide cloud-based platform for file sharing and collaboration
  • Support digital transformation for global businesses

Strategic Objectives

Objective Target
Enterprise Customer Acquisition 97,000 enterprise customers
Platform Security 99.99% uptime guarantee
Global Market Penetration 70% Fortune 500 company adoption

Key Performance Indicators

  • Subscription Revenue Growth: 15.3%
  • Customer Retention Rate: 95%
  • Average Enterprise Contract Value: $75,000


How Box, Inc. (BOX) Works

Company Overview

Box, Inc. is a cloud content management and file sharing service headquartered in Redwood City, California. Founded in 2005, the company provides enterprise-level cloud storage, collaboration, and workflow automation solutions.

Financial Performance

Fiscal Year 2024 Metrics Amount
Annual Revenue $1.04 billion
Net Income $38.2 million
Total Employees 2,400
Market Capitalization $4.2 billion

Product Offerings

  • Box Content Cloud
  • Box Governance
  • Box Shield
  • Box Platform
  • Box Sign

Customer Base

Box serves 100,000+ enterprise customers across various industries including healthcare, financial services, and technology.

Pricing Tiers

Tier Monthly Cost Storage
Basic $10/user 100 GB
Business $20/user Unlimited
Enterprise $35/user Unlimited

Global Presence

Box operates in 15 countries with data centers located in North America, Europe, and Asia-Pacific regions.



How Box, Inc. (BOX) Makes Money

Revenue Streams

Box, Inc. generates revenue through multiple cloud content management and file sharing service channels:

  • Subscription-based cloud storage services
  • Enterprise content management solutions
  • Platform services and integrations

Subscription Pricing Tiers

Tier Monthly Price Annual Price
Business $20 per user $240 per user
Enterprise $35 per user $420 per user
Elite $50 per user $600 per user

Financial Performance

Box, Inc. reported for fiscal year 2024:

  • Total revenue: $1.022 billion
  • Subscription revenue: $965.4 million
  • Professional services revenue: $56.6 million

Customer Base

Box serves:

  • Over 100,000 enterprise customers
  • 97% of Fortune 500 companies
  • Customers across 250+ industries

Product Monetization

Box monetizes through:

  • Cloud storage pricing tiers
  • Advanced security features
  • Workflow automation tools
  • Enterprise integration services

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