earnings
confidence high
sentiment neutral
materiality 0.65
Dropbox Q1 2026 revenue $629.5M (+0.8% YoY); GAAP net income $114.5M
DROPBOX, INC.
2026-Q1 EPS reported
$0.48
revenue$629,500,000
- GAAP diluted EPS $0.48; non-GAAP diluted EPS $0.76 (vs. $0.51 and $0.70 YoY).
- Revenue grew 2.0% YoY excluding FormSwift; GAAP operating margin 27.5%, non-GAAP 40.1%.
- Total ARR $2.560B (+0.3% YoY); paying users 18.09M (down from 18.16M YoY).
- Net cash from operations $204.5M; unlevered FCF $236.4M, up from $174.4M YoY.
- Company exceeded high end of revenue and operating margin guidance for the quarter.