secwatch.observer — SEC 8-K summary
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Issuer:     DROPBOX, INC. (DBX)
CIK:        0001467623
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001467623-22-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dropbox Q4 revenue up 12.2% to $565.5M; first full-year GAAP profitability; board authorizes $1.2B buyback
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- Q4 revenue $565.5M (+12.2% YoY); GAAP net income $124.6M vs loss $345.8M a year ago.
- Q4 non-GAAP EPS $0.41 (up from $0.28); full-year non-GAAP EPS $1.54 (up from $0.93).
- Paying users 16.79M (+8.5% YoY); ARPU $134.78 (up 3.5%).
- Full-year free cash flow $707.7M (+44.2% YoY); board authorized $1.2B share repurchase.
- GAAP operating margin improved to 12.4% from (68.8%) in Q4 2020.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467623/000146762322000007/0001467623-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467623/000146762322000007/dbx-20220217.htm
  HTML page:      https://secwatch.observer/filing/0001467623-22-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer