Redeemable Convertible Preferred Stock and Stockholders' Deficit |
3 Months Ended |
|---|---|
Apr. 30, 2026 | |
| Stockholders' Equity Note [Abstract] | |
| Redeemable Convertible Preferred Stock and Stockholders' Deficit | Note 8. Redeemable Convertible Preferred Stock and Stockholders’ Deficit Series A Convertible Preferred Stock On April 7, 2021, we entered into an investment agreement with a group of investors led by KKR & Co. Inc. (collectively “KKR”) relating to the issuance and sale of 500,000 shares of our Series A Convertible Preferred Stock, par value $0.0001 per share, for an aggregate purchase price of $500 million, or $1,000 per share. There have been no changes to the terms and conditions of the Series A Preferred Stock during the three months ended April 30, 2026 from those disclosed in Item 8. Financial Statements and Supplementary Data in our Annual Report on Form 10-K for the year ended January 31, 2026. During the three months ended April 30, 2026, we paid cash dividends to our Series A Preferred Stockholders in the amount of $3.8 million and as of April 30, 2026, we had accrued dividends of $1.2 million on the Series A Preferred Stock. Accrued dividends are recorded against additional paid-in capital due to Box being in an accumulated deficit position. Share Repurchase Plan Our Board of Directors has authorized a share repurchase plan to opportunistically repurchase shares of our outstanding Class A common stock in open market transactions. On March 19, 2026, we announced that our Board of Directors authorized a $500 million expansion of the share repurchase plan. We periodically enter into pre-set trading plans adopted in accordance with Rule 10b5-1 to effect repurchases under our share repurchase plan. During the three months ended April 30, 2026, we repurchased 4.8 million shares at a weighted average price of $23.74 per share for a total amount of $114.4 million. During the three months ended April 30, 2025, we repurchased 1.6 million shares at a weighted average price of $31.28 per share for a total amount of $49.6 million. As of April 30, 2026, approximately $445 million remained authorized and available for additional repurchases. |