Box, Inc. (BOX) Q3 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.419 Unless otherwise indicated, all references to financial measures are made on a non-GAAP 00:00:05.419 -- 00:00:09.825 basis. Thank you. With that, let me turn the call over to Aaron. 00:00:09.825 -- 00:00:14.432 Thanks, everyone, for joining us today. Building on the momentum and strong results we 00:00:14.432 -- 00:00:17.236 delivered in the first half of FY26, 00:00:17.236 -- 00:00:22.263 third quarter revenue exceeded our guidance, growing 9% year over year and 00:00:22.263 -- 00:00:25.625 producing operating margins of 28.6%. 00:00:25.850 -- 00:00:31.855 We drove a net retention rate of 104% ahead of our expectations of 103% driven 00:00:31.855 -- 00:00:35.558 by both price per seat increases and seat expansion. 00:00:35.558 -- 00:00:40.883 Our ongoing strategic investments and go to market and products are driving growth reflected 00:00:40.883 -- 00:00:46.648 in our Q3 billings growth of 12% year over year and RPO growth of 18% 00:00:46.648 -- 00:00:51.652 year over year. Our strong financial results clearly demonstrate that 00:00:51.652 -- 00:00:55.465 our intelligent content management platform is building momentum in the market. 00:00:55.465 -- 00:01:00.491 Just a few weeks ago, I met with dozens of CIOs and IT leaders in New York, and 00:01:00.491 -- 00:01:05.096 what struck me was how the conversations have evolved over time, where the vast majority 00:01:05.096 -- 00:01:10.382 of these discussions now focus on new use cases for Box around using AI 00:01:10.382 -- 00:01:15.568 agents for extracting structured data and insights from documents, using AI agents to 00:01:15.568 -- 00:01:20.894 automate knowledge worker tasks, or leveraging AI agents to democratize access 00:01:20.894 -- 00:01:24.119 to expertise across their o...