Highest-materiality recent filing
Dropbox secures $400M revolving credit facility, authorizes $900M share repurchase program
New senior secured revolving credit facility provides up to $400M borrowing capacity, expandable to $500M.
Ashraf Alkarmi, previously GM Core, appointed co-CEO effective May 26, 2026; will become sole CEO after transition; Drew Houston to become Executive Chairman.
Dropbox Q1 2026 revenue $629.5M (+0.8% YoY); GAAP net income $114.5M
GAAP diluted EPS $0.48; non-GAAP diluted EPS $0.76 (vs. $0.51 and $0.70 YoY).
Dropbox Q4 revenue $636.2M (-1.1% YoY); GAAP EPS $0.43, non-GAAP $0.68
Q4 revenue $636.2M, down 1.1% YoY; excluding FormSwift up 0.4%. ARR $2.526B (-1.9%).
Dropbox CFO Tim Regan resigns; Ross Tennenbaum named CFO; guidance reaffirmed
CFO Tim Regan resigns effective Dec 16, 2025; will stay as non-exec employee through Mar 15, 2026.
Dropbox Q3 revenue $634.4M (-0.7% YoY), GAAP EPS $0.47, non-GAAP op margin 41.1%
Revenue $634.4M (-0.7% YoY, constant currency -1.2%); ARR $2.536B (-1.7% YoY).
Dropbox adds $700M delayed draw term loans for 2026 notes; authorizes $1.5B buyback
Amended credit agreement provides up to $700M in additional delayed draw term loans; total facility now $2.7B.
GAAP diluted EPS $0.45 vs $0.34 YoY; non-GAAP diluted EPS $0.71 vs $0.60.
Dropbox Q1 revenue down 1.0% YoY to $624.7M; GAAP EPS $0.51, non-GAAP $0.70
Total revenue $624.7M, down 1.0% YoY; constant currency down 0.6%; ARR flat on cc basis.
Dropbox Q4 revenue $643.6M (+1.4% YoY); non-GAAP EPS $0.73 beats $0.50 last year
GAAP net income $102.8M ($0.34 diluted EPS) vs $227.3M ($0.66) last year; non-GAAP net income $222.6M ($0.73) vs $170.8M ($0.50).
Dropbox secures $2B term loan, announces $1.2B buyback; reaffirms FY2024 guidance
Entered into Credit Agreement providing up to $2.0B secured term loan due 2029; initial $1.0B borrowed.
Dropbox Q3 revenue $638.8M (+0.9% YoY); GAAP EPS $0.34, Non-GAAP $0.60
Revenue $638.8M, up 0.9% YoY; ARR $2.579B, up 2.1% YoY.
Dropbox cuts 20% of workforce (528 roles); expects $63-68M in severance costs
Global workforce reduced by ~20% (528 employees) to streamline structure and align with long-term goals.
Dropbox Q2 revenue $634.5M (+1.9% YoY); GAAP net income $110.5M; Non-GAAP EPS $0.60
GAAP op margin improved to 20.0% from 9.1% YoY (prior Q2 included $37.5M workforce reduction costs).
Dropbox Q1 revenue $631.3M (+3.3% YoY); GAAP EPS $0.39, non-GAAP $0.58
GAAP operating margin 22.7% vs 13.8% last year; non-GAAP operating margin 36.5% vs 28.6%.
Dropbox Q4 revenue $635M (+6% YoY); ARR growth slows to 0.3%
Q4 GAAP net income $227M ($0.66 diluted EPS) vs $328M last year; includes $158.8M real estate gain.
Dropbox Q3 revenue $633M, up 7.1% YoY; GAAP EPS $0.33, non-GAAP EPS $0.56
Revenue $633.0M (+7.1% YoY; +8.3% constant currency); ARR $2.525B (+3.8% YoY).
Lease amendment surrenders 165,244 sq ft in three tranches through Q1 2025; total termination payments of $79M.
Dropbox Q2 revenue $622.5M (+8.7% YoY), non-GAAP EPS $0.51, authorizes $1.2B buyback
Revenue $622.5M (+8.7% YoY, +11.2% constant currency); Total ARR $2.500B (+7.2% YoY).
Dropbox Q1 revenue $611M (+8.7% YoY); Non-GAAP EPS $0.42 beats guidance
Revenue $611.1M (+8.7% YoY, +11.6% constant currency); paying users 17.90M (+4.7%).
Dropbox cuts 16% of workforce, estimates $37M-$42M charges; Q1 results in-line with guidance
Preliminary Q1 2023 revenue, constant currency revenue, and non-GAAP operating margin expected in-line or above prior guidance.
Q4 revenue $598.8M (+5.9% YoY; +9.2% constant currency); ARR $2.514B (+11.2% YoY).
Dropbox Q3 revenue $591M (+7.4% YoY); non-GAAP EPS $0.43 vs $0.37 YoY
Revenue $591.0M (+7.4% YoY; +9.7% constant currency); ARR $2.431B (+9.6% YoY).
Dropbox Q2 FY2022 revenue $572.7M (+7.9% YoY); GAAP EPS $0.17, Non-GAAP $0.38
Paying users 17.37M (+7.6% YoY); ARPU $133.34 vs $133.15 a year ago.
Dropbox Q1 revenue $562.4M, up 9.9% YoY; GAAP EPS $0.21 vs $0.12
Revenue $562.4M (+9.9% YoY); constant currency +9.7%.
Q4 revenue $565.5M (+12.2% YoY); GAAP net income $124.6M vs loss $345.8M a year ago.
Dropbox Q3 FY2021 revenue rises 13% to $550.2M, non-GAAP EPS $0.37
Revenue $550.2M (+12.9% YoY); total ARR $2.218B (+12% YoY).
Dropbox Q2 revenue $530.6M (+13.5% YoY); GAAP EPS $0.22, non-GAAP EPS $0.40
Revenue $530.6M, +13.5% YoY; ARR $2.166B (+12.2% YoY).
On May 21, 2026, the Board of Directors (the “Board”) of Dropbox, Inc. (“we”, “our”, the “Company”, or “Dropbox”) appointed Ashraf Alkarmi, our General Manager, Core, as Co-Chief Executive Officer and as a member of the Board, effective May 26, 2026.
On April 11, 2025, Dropbox, Inc. announced that Eric Cox plans to step down as Chief Customer Officer.
The Company’s Board of Directors (the “Board”) has appointed William Yoon, the Company’s Vice President, Product Counseling & Privacy, to succeed Mr. Volkmer as Chief Legal Officer, effective March 28, 2025.
On March 3, 2025, Bart Volkmer, Chief Legal Officer of Dropbox, Inc. (“Dropbox” or the “Company”) notified the Company of his decision to resign after more than thirteen years with the Company.
On January 17, 2025, the Board of Directors (the “Board”) of Dropbox, Inc. (the “Company”) appointed Warren Jenson to serve as a member of the Board.
On December 13, 2023, the Board of Directors (the “Board”) of Dropbox, Inc. (the “Company”) appointed Andrew Moore to serve as a member of the Board.
On January 18, 2023, Dropbox announced that Timothy Young has given notice of his decision to resign as President, effective February 1, 2023.
On March 25, 2022, the Board of Directors (the “Board”) of Dropbox, Inc. (the “Company”) appointed Abhay Parasnis to serve as a member of the Board.
On July 28, 2021, the Board appointed Sara Mathew to serve as a member of the Board.
On July 28, 2021, Robert J. Mylod resigned as a member of the Board of Directors (the “Board”) of Dropbox, Inc. (the “Company”).
Max materiality 0.80 · Median 0.65 · Most common event earnings