Dilution profile // every instrument, one screen, from SEC filings

BOX INC (BOX)

CIK 1372612 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$332M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
LOWwarrants = 0% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-4% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-08-312026-04-30

Latest: 138.4M shares as of Apr 30, 2026 (10-Q).

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 87,140 underlying shares, as reported Jan 31, 2014 (10-K).

Reported exercise price: $0.29 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 138.5M = 138.4M O/S + 87,140 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
One Point Five Zero Percent Convertible Notes Due Two Thousand Twenty Nine$460.0Mnot tagged1.5%
One Point Five Zero Percentage Convertible Senior Notes Due September Fifteen Two Thousand Twenty Nine$460.0M$451.6M$43.461.5%~10.6M sh

If every note above converted at its tagged price: ~10.6M new shares on 138.4M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed May 27, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding138.4MApr 30, 2026
+ Warrants (aggregate, as tagged) (if exercised)87,140Jan 31, 2014
+ One Point Five Zero Percentage Convertible Senior Notes Due September Fifteen Two Thousand Twenty Nine (if fully converted)10.6MApr 30, 2026
Fully diluted estimate149.1M+7.7% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $332.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3ASRMay 12, 2025$332.0M registeredfiling →

Last 12 months: 0 executed · 0 registered.

REGISTEREDMay 12, 2025Automatic shelf registration — effective immediately (large filers)S-3ASR
EXECUTEDSep 20, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
REGISTEREDMay 12, 2022Automatic shelf registration — effective immediately (large filers)S-3ASR
EXECUTEDMay 18, 2021Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDApr 8, 2021Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJan 15, 2021Unregistered share sale disclosed (8-K item 3.02)8-K

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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