secwatch.observer — SEC 8-K summary
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Issuer:     DROPBOX, INC. (DBX)
CIK:        0001467623
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001467623-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dropbox Q4 revenue $635M (+6% YoY); ARR growth slows to 0.3%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467623/000146762324000003/0001467623-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467623/000146762324000003/dbx-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001467623-24-000003

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