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Independent equity research reports across 100+ public software companies, built for investing in great software to earn high returns. Ratings and research summaries stay free for everyone. Full Access unlocks the full research reports, the archive and the CSV export.
Research summaries stay free. Full Access unlocks the full research reports and the archive.
Box, Inc. (BOX) operates in Application SaaS within our 130-company software coverage universe. BOX's Golden Door Quality Rating, 4-pillar universe percentile ranks, and archived equity research are unlocked with Full Access. Ratings and research summaries stay free for everyone.
Box, which stores and governs enterprise content, grew revenue 9.2% in its fiscal second quarter while billings rose 17% and net retention climbed to 106%. It turns about $389M of trailing free cash flow into almost exactly as much in buybacks, while stock pay absorbs 61% of that cash.
Anthropic's new sheets still send serious work back to Excel, but owner cash after capex and stock pay fell 46.64% in two years and the market value assumes about 57% yearly growth. Avoid, conviction 3 of 5.
Equity markets price Dropbox for a 22.9% annual revenue collapse, ignoring $652.7M in SBC-burdened Owner FCF and relentless share cannibalization that cut diluted float by 42.7% since FY2021.
Microsoft booked $10.0B of revenue from OpenAI in the September quarter, 10.84% of the company total, up from 7.26% across fiscal 2026. Cash capex doubled to $39.37B and free cash flow fell 27%. The superintelligence buildout is real, and a growing share of it is sold to a related party.
In the twelve months to Sep 30, 2026, Microsoft put $135.92B of capex against $195.88B of operating cash. Owner free cash flow was $47.40B and has fallen three years running, Azure grew 48% to $33.17B, and one 24%-owned affiliate now pays more than a tenth of revenue.
F5 had a hardware year in fiscal 2026. Systems revenue grew 31% while software grew 8%, inventory more than tripled, and the fiscal 2027 guide calls for slower growth and thinner margins.
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Rows 5 to 130: Unlock Full Access Unlocks all 130 software quality ratings and the full equity research archive. | ||||||||
| Application SaaS · 2026-07 | Locked | Locked | Locked | Locked | Locked | 2026-07 | ||
| Application SaaS · 2026-06 | Locked | Locked | Locked | Locked | Locked | 2026-06 | ||
