---
schema_version: "secwatch.filing_event.v1"
accession: "0001467623-23-000006"
form_type: "8-K"
ticker: "DBX"
cik: "0001467623"
company_name: "DROPBOX, INC."
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:11:50.557706+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dropbox Q4 revenue $598.8M (+5.9% YoY); records $162.5M real estate impairment; acquires FormSwift for ~$95M

## Summary
- Q4 revenue $598.8M (+5.9% YoY; +9.2% constant currency); ARR $2.514B (+11.2% YoY).
- GAAP net income $328.3M includes $420.2M one-time tax benefit; GAAP EPS $0.93; non-GAAP EPS $0.40.
- Recorded $162.5M real estate impairment in Q4 2022; cumulative impairment of $604M since Virtual First shift.
- Acquired FormSwift for ~$95M (cash) on Dec 15, 2022 to expand document workflow capabilities.
- Free cash flow $181.7M in Q4, up 12.6% YoY; full-year FCF $763.5M.

## SEC filing metadata
- accession: 0001467623-23-000006
- form_type: 8-K
- ticker: DBX
- cik: 0001467623
- company_name: DROPBOX, INC.
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 2.06, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467623/000146762323000006/0001467623-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467623/000146762323000006/dbx-20230216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001467623-23-000006
- JSON: https://secwatch.observer/filing/0001467623-23-000006.json
- Plain text: https://secwatch.observer/filing/0001467623-23-000006.txt

## Key facts
- Earnings Releases
  DROPBOX, INC. reported financial results for fourth quarter and fiscal year ended December 31, 2022.
  - Period: fourth quarter and fiscal year ended December 31, 2022
  - Result: reported results
  source text: On February 16, 2023, Dropbox, Inc. ("Dropbox" or the "Company") issued a press release and will hold a conference call announcing its financial results for the quarter and fiscal year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467623/000146762323000006/0001467623-23-000006-index.htm
- Restructurings & Charges
  DROPBOX, INC. announced a impairment with charges of $162.5 million and $175.2 million affecting corporate office real estate assets.
  - Type: impairment
  - Charge: $162.5 million and $175.2 million
  - Affected area: corporate office real estate assets
  source text: the Company recorded additional impairment charges related to its corporate office real estate assets of $162.5 million and $175.2 million during the fourth quarter and full-year 2022, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467623/000146762323000006/0001467623-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.