---
schema_version: "secwatch.filing_event.v1"
accession: "0001467623-25-000127"
form_type: "8-K"
ticker: "DBX"
cik: "0001467623"
company_name: "DROPBOX, INC."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:36:52.049451+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dropbox Q3 revenue $634.4M (-0.7% YoY), GAAP EPS $0.47, non-GAAP op margin 41.1%

## Summary
- Revenue $634.4M (-0.7% YoY, constant currency -1.2%); ARR $2.536B (-1.7% YoY).
- GAAP net income $123.8M ($0.47 diluted EPS) vs $106.7M ($0.34) YoY; non-GAAP net income $196.7M ($0.74 EPS).
- GAAP operating margin 27.5% vs 20.0% YoY; non-GAAP operating margin 41.1% vs 36.2% YoY on lower headcount costs.
- Free cash flow $293.7M vs $270.1M YoY; cash and equivalents $925.3M at quarter end.
- Launched self-serve Dash AI assistant with deep Dropbox integration; early customer response positive.

## SEC filing metadata
- accession: 0001467623-25-000127
- form_type: 8-K
- ticker: DBX
- cik: 0001467623
- company_name: DROPBOX, INC.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467623/000146762325000127/0001467623-25-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467623/000146762325000127/dbx-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001467623-25-000127
- JSON: https://secwatch.observer/filing/0001467623-25-000127.json
- Plain text: https://secwatch.observer/filing/0001467623-25-000127.txt

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