Dropbox Q2 revenue $634.5M (+1.9% YoY); GAAP net income $110.5M; Non-GAAP EPS $0.60

DROPBOX, INC.

2024-Q2 EPS reported $0.73 revenue$1,265,800,000

GAAP op margin improved to 20.0% from 9.1% YoY (prior Q2 included $37.5M workforce reduction costs).
Non-GAAP net income $194.1M, up from $174.0M; Non-GAAP diluted EPS $0.60 vs $0.51.
Free cash flow $224.7M, up from $184.6M; cash and short-term investments $1.063B.
Paying users 18.22M (+63K QoQ); ARPU $139.93 vs $138.94; Total ARR $2.573B (+2.9% YoY).
CEO cites core product improvements and AI investments while remaining cost-disciplined.

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