Dropbox Q1 revenue $631.3M (+3.3% YoY); GAAP EPS $0.39, non-GAAP $0.58

DROPBOX, INC.

2024-Q1 EPS reported $0.39 revenue$631,300,000

GAAP operating margin 22.7% vs 13.8% last year; non-GAAP operating margin 36.5% vs 28.6%.
Paying users 18.16M (+35k QoQ); ARR $2.556B (+3.6% YoY, +2.8% constant currency).
Free cash flow $166.3M vs $138.0M last year; cash & equivalents $1.176B.
Extended useful lives of certain infrastructure assets from 4 to 5 years, reducing depreciation $10.4M.
Management to discuss forward guidance on conference call; investing in AI-powered product experiences.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

DROPBOX, INC. reported the quarter ended March 31, 2024 results: revenue $631.3 million, net income $132.3 million, EPS $0.39.

Period: the quarter ended March 31, 2024
Revenue: $631.3 million
Net income: $132.3 million
EPS: $0.39
Result: reported results

Exact text from the filing

current report on Form 8-K and is incorporated by reference herein. --- EX-99.1 (EX-99.1) --- Dropbox Announces Fiscal 2024 First Quarter Results First Quarter Revenue of $631.3 Million, up 3.3% year-over-year; on a constant currency basis, up 3.2% year-over-year GAAP Operating Margin of 22.7% and Non-GAAP Operating Margin of 36.5% Net Cash Provided by Operating

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DROPBOX, INC. filing history →

Source: SEC EDGAR

accession 0001467623-24-000027

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