---
schema_version: "secwatch.filing_event.v1"
accession: "0001467623-25-000007"
form_type: "8-K"
ticker: "DBX"
cik: "0001467623"
company_name: "DROPBOX, INC."
filed_at: "2025-02-20T23:59:59+00:00"
generated_at: "2026-05-26T08:30:46.182376+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dropbox Q4 revenue $643.6M (+1.4% YoY); non-GAAP EPS $0.73 beats $0.50 last year

## Summary
- GAAP net income $102.8M ($0.34 diluted EPS) vs $227.3M ($0.66) last year; non-GAAP net income $222.6M ($0.73) vs $170.8M ($0.50).
- FY2024 revenue $2.548B (+1.9% YoY); GAAP operating margin 19.1%, non-GAAP operating margin 36.4%.
- ARR $2.574B (+2.0% YoY); paying users 18.22M (+0.1M YoY, -15K QoQ).
- Entered $2.0B private credit agreement; $1B initial term loans due 2029, $1B delayed draw.
- Repurchased 12.5M shares for $350.4M in Q4; new $1.2B buyback authorization in Dec 2024.

## SEC filing metadata
- accession: 0001467623-25-000007
- form_type: 8-K
- ticker: DBX
- cik: 0001467623
- company_name: DROPBOX, INC.
- filed_at: 2025-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467623/000146762325000007/0001467623-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467623/000146762325000007/dbx-20250220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001467623-25-000007
- JSON: https://secwatch.observer/filing/0001467623-25-000007.json
- Plain text: https://secwatch.observer/filing/0001467623-25-000007.txt

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