---
schema_version: "secwatch.filing_event.v1"
accession: "0001467623-23-000025"
form_type: "8-K"
ticker: "DBX"
cik: "0001467623"
company_name: "DROPBOX, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:37:52.209635+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dropbox Q1 revenue $611M (+8.7% YoY); Non-GAAP EPS $0.42 beats guidance

## Summary
- Revenue $611.1M (+8.7% YoY, +11.6% constant currency); paying users 17.90M (+4.7%).
- GAAP net income $69.0M ($0.20 diluted EPS); Non-GAAP net income $146.1M ($0.42 EPS).
- Total ARR $2.468B (+7.8% YoY); ARPU $138.97 vs $134.63 YoY.
- Free cash flow $138.0M vs $130.7M YoY; cash & equivalents $1.253B.
- CEO cites AI opportunity to transform knowledge work; CFO presenting at upcoming conferences.

## SEC filing metadata
- accession: 0001467623-23-000025
- form_type: 8-K
- ticker: DBX
- cik: 0001467623
- company_name: DROPBOX, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467623/000146762323000025/0001467623-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467623/000146762323000025/dbx-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001467623-23-000025
- JSON: https://secwatch.observer/filing/0001467623-23-000025.json
- Plain text: https://secwatch.observer/filing/0001467623-23-000025.txt

## Key facts
- Earnings Releases
  DROPBOX, INC. reported first quarter ended March 31, 2023 results: revenue $611.1 million, net income $69.0 million, EPS $0.20.
  - Period: first quarter ended March 31, 2023
  - Revenue: $611.1 million
  - Net income: $69.0 million
  - EPS: $0.20
  - Result: reported results
  source text: Dropbox Announces Fiscal 2023 First Quarter Results First Quarter Revenue of $611.1 Million, up 8.7% year-over-year; on a constant currency basis, up 11.6% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467623/000146762323000025/0001467623-23-000025-index.htm

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