---
schema_version: "secwatch.filing_event.v1"
accession: "0001467623-24-000027"
form_type: "8-K"
ticker: "DBX"
cik: "0001467623"
company_name: "DROPBOX, INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:27:44.222394+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001467623-24-000027
- form_type: 8-K
- ticker: DBX
- cik: 0001467623
- company_name: DROPBOX, INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467623/000146762324000027/0001467623-24-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467623/000146762324000027/dbx-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001467623-24-000027
- JSON: https://secwatch.observer/filing/0001467623-24-000027.json
- Plain text: https://secwatch.observer/filing/0001467623-24-000027.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467623/000146762324000027/0001467623-24-000027-index.htm

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