---
schema_version: "secwatch.filing_event.v1"
accession: "0001467623-26-000027"
form_type: "8-K"
ticker: "DBX"
cik: "0001467623"
company_name: "DROPBOX, INC."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:34:39.311441+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Dropbox Q1 2026 revenue $629.5M (+0.8% YoY); GAAP net income $114.5M

## Summary
- 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.

## SEC filing metadata
- accession: 0001467623-26-000027
- form_type: 8-K
- ticker: DBX
- cik: 0001467623
- company_name: DROPBOX, INC.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467623/000146762326000027/0001467623-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467623/000146762326000027/dbx-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001467623-26-000027
- JSON: https://secwatch.observer/filing/0001467623-26-000027.json
- Plain text: https://secwatch.observer/filing/0001467623-26-000027.txt

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