secwatch.observer — SEC 8-K summary
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Issuer:     DROPBOX, INC. (DBX)
CIK:        0001467623
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001467623-25-000056
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dropbox Q1 revenue down 1.0% YoY to $624.7M; GAAP EPS $0.51, non-GAAP $0.70
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- Total revenue $624.7M, down 1.0% YoY; constant currency down 0.6%; ARR flat on cc basis.
- GAAP net income $150.3M vs $132.3M YoY; GAAP operating margin improved to 29.4% from 22.7%.
- Non-GAAP EPS $0.70 vs $0.58 YoY; non-GAAP operating margin 41.7% vs 36.5%.
- Paying users flat at 18.16M, down 60k QoQ; ARPU $139.26 vs $139.59 YoY.
- Free cash flow $153.7M, down from $166.3M; includes $36M lease termination fee and $10.2M workforce reduction costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1467623/000146762325000056/0001467623-25-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1467623/000146762325000056/dbx-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001467623-25-000056

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