secwatch.observer — SEC 8-K summary
======================================

Issuer:     DROPBOX, INC. (DBX)
CIK:        0001467623
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001467623-24-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dropbox Q3 revenue $638.8M (+0.9% YoY); GAAP EPS $0.34, Non-GAAP $0.60
----------------------------------------------------------------------

- Revenue $638.8M, up 0.9% YoY; ARR $2.579B, up 2.1% YoY.
- GAAP net income $106.7M ($0.34 diluted EPS); Non-GAAP net income $190.4M ($0.60 diluted EPS).
- GAAP operating margin 20.0%, Non-GAAP 36.2%; Free cash flow $270.1M, up from $246.5M.
- Paying users 18.24M (+19k QoQ); ARPU $139.05 vs $138.71 YoY.
- CEO cites workforce reduction to strengthen core business and accelerate new bets like Dropbox Dash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467623/000146762324000049/0001467623-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467623/000146762324000049/dbx-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001467623-24-000049

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