What move does the options market price into Box's report?

Implied ±8.4%, either direction.

How often does Box move more than the options market prices?

1 of the last 8 reports moved at least as far as the implied move.

BOXNYSEServices-Prepackaged Software

Box Inc (BOX) earnings date, market-implied expected move, and options open interest by expiry

43.01

pre 43.50 +1.14%

Pre-market08:22 ETdelayed

Open43.60Volume3.2MMkt cap$5.9BP/E30.00EPS1.45

Day43.35 – 43.6060%52-wk21.34 – 43.8698%

BOX

Box Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±8.4%implied · report alone

8Q avg ±6.8%·×1.25·rich

39.3846.64

straddle ±12.0%

spot 43.01exp Dec 18ATM strike 43ATM straddle 6.08IV 51%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Dec 1

after close · in 27 days

est.Q3 FY27

Calendar

Next report

Last report

+1.18%

vs ±9.6% implied · ×0.12

shaded = implied · ▲▼ = realized

Aug 25 '26 · confirmed

Implied vs realized

Largest filed tie

—

Largest filed tie

13F top-10 QoQ

+1.61%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

399 managers

Top fund weight

0.11%

BOX weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Box (BOX) is expected to report on Dec 1 after close (estimated date).

Implied vs realized

8 reports

1 of 8≥ implied

avg implied: ±9.4%
avg realized: ±6.8%

Dec 3 '24Dec 3 '24confirmed±8.3%▼−7.70%×0.93

Mar 4 '25Mar 4 '25confirmed±8.4%▼−3.23%×0.38

May 27 '25May 27 '25confirmed±8.4%▲+17.23%×2.06

Aug 26 '25Aug 26 '25confirmed±9.2%▲+4.17%×0.45

Q3 FY25Dec 2 '25confirmed±8.8%▲+6.66%×0.76

Mar 3 '26Mar 3 '26confirmed±11.1%▲+10.16%×0.92

Q1 FY26May 26 '26confirmed±11.4%▼−3.71%×0.33

Q2 FY26Aug 25 '26confirmed±9.6%▲+1.18%×0.12

quarterimplied−20%0+20%realized×

Q2 FY26±9.6%▲+1.18%×0.12

Q1 FY26±11.4%▼−3.71%×0.33

Mar '26±11.1%▲+10.16%×0.92

Q3 FY25±8.8%▲+6.66%×0.76

Aug '25±9.2%▲+4.17%×0.45

May '25±8.4%▲+17.23%×2.06

2 older reports

Mar '25±8.4%▼−3.23%×0.38

Dec '24±8.3%▼−7.70%×0.93

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

1.18OI · 4 expiries · Oct 30 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

3,792+2%Nov 2016d0.983,8690%0.98

report · Dec 1 · after close · est.

2,315−10%Dec 1844d1,956+6%

2,563−1%Jan 1572d0.1913,2090%0.19

3,2340%Mar 19135d0.615,280+6%0.61

ExpiryPutsCallsP/C

Nov 2016d3,792+2%3,8690%0.98

report · Dec 1 · after close · est.

Dec 1844d2,315−10%1,956+6%1.18

Jan 1572d2,563−1%13,2090%0.19

Mar 19135d3,2340%5,280+6%0.61

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±12.0%

Funds 4

IWM±0.0%

UWM±0.0%

VTI±0.0%

VT±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

5.99%as filednet margin · revenue +4.97% QoQ · +9.23% YoY

Revenue

$321M+4.97% QoQ

Gross profit

$254M+4.42% QoQ

79.08% margin

Operating income

$33M+18.92% QoQ

10.16% margin

Pre-tax income

$32M+15.80% QoQ

Net income

$19M+8.43% QoQ

5.99% margin

Cost of revenue

$67M+7.09% QoQ

Operating expenses

$221M+2.58% QoQ

Marketing $107M

R&D $78M

SG&A $36M

Other expense

$779,000

Tax

$13M+29.15% QoQ

Revenue$321M+4.97%

Gross profit

$254M+4.42%

79.08% margin

Operating income

$33M+18.92%

10.16% margin

Pre-tax income

$32M+15.80%

Net income

$19M+8.43%

5.99% margin

Cost of revenue

$67M+7.09%

Operating expenses

$221M+2.58%

Marketing $107M

R&D $78M

SG&A $36M

Other expense

$779,000

Tax$13M+29.15%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jul 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 08:15 ET

Intraday

Event sensitivity

CPI ×1.38· ±1.9% vs ±1.4% · 10 releases

eventrelease day|move|up · n×base

CPIconsumer prices±1.9%3 of 10×1.38

PPIproducer prices±1.8%3 of 10×1.32

NFPjobs report±1.7%5 of 10×1.24

CPROFcorporate profits±1.6%7 of 12×1.18

PCEpersonal income & outlays±1.4%10 of 19×1.00

GDPgross domestic product±1.3%10 of 19×0.99

FOMCrate decision±1.3%9 of 24×0.93

Bar = avg |move| to ±2% · tick = ±1.4% avg day · ×base = |move| ÷ ±1.4% · min 6 releases

Earnings history

EPS 0.09 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 25 '26 · confirmed	0.09	—
Q1 FY26	May 26 '26 · confirmed	0.08	—
Q3 FY25	Dec 2 '25 · confirmed	0.05	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod