{"schema_version":"secwatch.filing_event.v1","accession":"0001467623-24-000003","form_type":"8-K","ticker":"DBX","cik":"0001467623","company_name":"DROPBOX, INC.","filed_at":"2024-02-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.254760+00:00","generated_at":"2026-06-06T01:04:46.400037+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Dropbox Q4 revenue $635M (+6% YoY); ARR growth slows to 0.3%","bullets":["Q4 GAAP net income $227M ($0.66 diluted EPS) vs $328M last year; includes $158.8M real estate gain.","Non-GAAP EPS $0.50 vs $0.40; free cash flow $190.3M vs $181.7M.","Total ARR $2.523B, up just 0.3% YoY (3.8% constant currency); paying users 18.12M, down 0.05M QoQ.","FY 2023 revenue $2.502B (+7.6% YoY); non-GAAP operating margin 32.8% vs 30.9%.","CEO cites Q4 headwinds; investing in AI-powered Dash and focusing on core FSS profitability."],"urls":{"canonical":"https://secwatch.observer/filing/0001467623-24-000003","json":"https://secwatch.observer/filing/0001467623-24-000003.json","markdown":"https://secwatch.observer/filing/0001467623-24-000003.md","text":"https://secwatch.observer/filing/0001467623-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1467623/000146762324000003/0001467623-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1467623/000146762324000003/dbx-20240215.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T01:04:46.400037+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3b7223eca5206e85cb556c615b6ec7f072b4dbc1","claim":"DROPBOX, INC. reported the quarter ended December 31, 2023 results: revenue $635.0 million, net income $227.3 million, EPS $0.66.","evidence_excerpt":"Fourth Quarter Fiscal 2023 Results • Total revenue was $635.0 million, an increase of 6.0% from the same period last year. On a constant currency basis, year-over-year growth would have been 6.2%. (1) Total revenue increased $2.0 million quarter-over-quarter. • Total ARR was $2.523 billion, a slight increase of 0.3% from the same period last year. On a constant currency basis, year-over-year growth would have been 3.8%. (2) Total ARR decreased $2.2 million quarter-over-quarter. • Paying users was 18.12 million, as compared to 17.77 million for the same period last year. Average revenue per paying user was $138.83, as compared to $134.53 for the same period last year. Paying users decreased 0.05 million quarter-over-quarter. • GAAP gross margin was 80.8%, as compared to 80.7% for the same period last year. Non-GAAP gross margin was 82.3%, as compared to 82.0% for the same period last year. • GAAP operating margin was 42.1%, as compared to (13.4%) for the same period last year. In the fo","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1467623/000146762324000003/0001467623-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Revenue","value":"$635.0 million"},{"label":"Net income","value":"$227.3 million"},{"label":"EPS","value":"$0.66"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"512baf39a41b60300364e6cd1ecdb15bea5d119d","claim":"DROPBOX, INC. reported the fiscal year ended December 31, 2023 results: revenue $2.502 billion, net income $453.6 million, EPS $1.31.","evidence_excerpt":"Full Year Fiscal 2023 Results • Total revenue was $2.502 billion, an increase of 7.6% year over year. On a constant currency basis, year-over-year growth would have been 9.3%. (1) • Average revenue per paying user was $139.38, as compared to $134.51 in the prior year. • GAAP gross margin was 80.9%, consistent with the prior year. Non-GAAP gross margin was 82.5%, as compared to 82.3% in the prior year. • GAAP operating margin was 21.5%, as compared to 7.8% in the prior year. Non-GAAP operating margin was 32.8%, as compared to 30.9% in the prior year. • GAAP net income was $453.6 million, as compared to $553.2 million in the prior year. Non-GAAP net income was $685.0 million, as compared to $573.9 million in the prior year. • Net cash provided by operating activities was $783.7 million as compared to $797.3 million in the prior year. Free cash flow was $759.4 million as compared to $763.5 million in the prior year. • GAAP diluted net income per share attributable to common stockholders w","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1467623/000146762324000003/0001467623-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$2.502 billion"},{"label":"Net income","value":"$453.6 million"},{"label":"EPS","value":"$1.31"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}