earnings
confidence high
sentiment positive
materiality 0.75
Dropbox Q2 revenue down 1.4% to $625.7M, EPS beats at $0.71 non-GAAP, operating margin expands to 41.5%
DROPBOX, INC.
2025-Q2 EPS reported
$0.96
revenue$1,250,400,000
- GAAP diluted EPS $0.45 vs $0.34 YoY; non-GAAP diluted EPS $0.71 vs $0.60.
- Paying users 18.13M, down 34k QoQ; ARPU $138.32 vs $139.93 YoY.
- GAAP operating margin 26.9% vs 20.0% YoY; non-GAAP 41.5% vs 35.9%.
- Free cash flow $258.5M, up from $224.7M YoY; cash & equivalents $954.7M.
- CEO cites early stability in Core FSS and momentum for AI-powered Dash.