Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
DROPBOX, INC. reported for the quarter ended March 31, 2026 results: revenue $629.5 million, net income $114.5 million, EPS $0.48.
- Period
- for the quarter ended March 31, 2026
- Revenue
- $629.5 million
- Net income
- $114.5 million
- EPS
- $0.48
- Result
- reported results
Exact text from the filing
Total revenue was $629.5 million, an increase of 0.8%. Excluding FormSwift, which we significantly reduced our investment in at the beginning of 2025 and plan to wind down operations by the end of 2026, revenue grew 2.0%. On a constant currency basis, total revenue excluding FormSwift increased by 0.4%. (1) • Total ARR was $2.560 billion, an increase of 0.3%. Excluding FormSwift, Total ARR was $2.540 billion, an increase of 1.3%. On a constant currency basis, Total ARR excluding FormSwift decreased 0.1% . Total ARR on a constant currency basis decreased $2.8 million quarter-over-quarter; excluding FormSwift, it decreased $0.8 million. (2) • Paying users totaled 18.09 million, as compared to 18.16 million. Average revenue per paying user was $141.18, as compared to $139.26. • GAAP gross margin was 79.7%, as compared to 81.3%. Non-GAAP gross margin was 81.1%, as compared to 82.9%. • GAAP operating margin was 27.5%, as compared to 29.4%. Non-GAAP operating margin was 40.1%, as compared to
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