UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission File Number 001-38434 Dropbox, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

Financial Results & Investor Presentation Q1 2025 1 Safe Harbor Statement All third-party logos appearing in this presentation are trademarks or registered trademarks of their respective holders. Any such appearance does not necessarily imply any aliation with or endorsement of Dropbox. 2 Financial Performance $2.542 billion 0.8% 83.6% 37.7% TTM¹ revenue TTM revenue growth TTM Non-GAAP This presentation contains forward-looking statements. These statements may relate to, but are not limited to, plans for gr ...

Dropbox (DBX) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.90%. A quarter ago, it was expected that this online file-sharing company would post earnings of $0.62 per share when it actually produced earnings of $0.73, delivering a surprise of 17.74%.Over the last four quarters, t ...

Dropbox (DBX) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Hello, and welcome to Dropbox First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speaker's presentation, there will be a question and answer session. To ask the question during the session, you will need to press 11 on your telephone. You would then hear an automated message advising your hand Speaker1 is Speaker0 raised. To withdraw your question, please press 11 ...

Dropbox Announces Fiscal 2025 First Quarter Results First Quarter Revenue of $624.7 Million, down 1.0% year-over-year; on a constant currency basis, down 0.6% year-over-year GAAP Operating Margin of 29.4% and Non-GAAP Operating Margin of 41.7% Net Cash Provided by Operating Activities of $153.8 Million and Free Cash Flow of $153.7 Million SAN FRANCISCO, Calif. - May 8, 2025 - Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its first quarter ended March 31, 2025. "We've had a productive st ...

Dropbox (DBX) is scheduled to release first-quarter 2025 results on May 8.DBX expects first-quarter 2025 revenues between $618 million and $621 million. The Zacks Consensus Estimate for first-quarter revenues is pegged at $619.06 million, indicating a year-over-year decline of 1.94%.The consensus mark for earnings is pegged at 62 cents per share and remains unchanged over the past 30 days. The figure indicates a 6.9% increase from the year-ago quarter’s reported figure. DBX’s earnings beat the Zacks Consens ...

Dropbox’s chief customer officer, Eric Cox, plans to step down, according to a document filed with the SEC on Friday. Cox will remain in his current role for “a period of time” to help with the transition, per the filing, and then will continue as a “non-executive” employee through mid-August.Dropbox didn’t immediately respond to a request for comment. Cox joined Dropbox in November 2023 from Vimeo, where he was the COO overseeing sales, customer success, data, strategy, and operations. Prior to that, Cox ...

Company Performance - Dropbox (DBX) closed at $27.24, with a +0.41% change from the previous day, outperforming the S&P 500's gain of 0.16% [1] - Over the past month, Dropbox shares gained 3.31%, while the Computer and Technology sector lost 5.94% and the S&P 500 lost 3.59% [1] Earnings Projections - Dropbox is projected to report earnings of $0.62 per share, reflecting a year-over-year growth of 6.9%, with quarterly revenue estimated at $619.06 million, down 1.94% from the previous year [2] - For the full year, earnings are estimated at $2.54 per share and revenue at $2.47 billion, showing changes of +2.01% and -2.9% respectively from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Dropbox indicate short-term business trends, with upward revisions suggesting analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Dropbox as 1 (Strong Buy), indicating strong potential for stock performance [6] Valuation Metrics - Dropbox has a Forward P/E ratio of 10.67, significantly lower than the industry average of 20.69, suggesting it is trading at a discount [7] - The PEG ratio for Dropbox is 0.93, compared to the industry average of 1.35, indicating favorable valuation relative to expected earnings growth [7] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 151, placing it in the bottom 40% of over 250 industries [8] - Historical data shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - Dropbox (DBX) has faced challenges in revenue growth and competition, leading to an 11.8% decline in shares year to date, underperforming the broader technology sector and internet services industry [1] Group 1: Financial Performance - In the fourth quarter of 2024, Dropbox reported a year-over-year revenue growth of only 1.4%, indicating difficulties in expanding its customer base [1] - The average revenue per paying user (ARPU) increased to $140.23 from $139.38 in the previous year, reflecting successful monetization strategies [8] - The Zacks Consensus Estimate for first-quarter 2025 earnings is 62 cents, showing a 6.90% growth from the previous year, while the estimate for 2025 earnings is $2.54 per share, indicating a year-over-year growth of 2.01% [9] Group 2: User Base and Market Position - As of the fourth quarter of 2024, Dropbox reported 18.22 million paying users, demonstrating a steady increase and highlighting the company's ability to attract and retain customers [7] - Dropbox holds a 20.9% market share in the $11.6 billion content-sharing and collaboration applications market, positioning it as a leader in this sector [4] Group 3: Product Development and Innovation - Dropbox is expanding its AI-powered solutions and enterprise-focused services, which are expected to enhance platform value and drive user adoption [2] - The successful launch of Dropbox Dash, a universal search tool, received positive customer feedback and exceeded sales goals in the fourth quarter of 2024 [5] - Dropbox Sign and DocSend enhance secure document management and sharing capabilities, driving user adoption and increasing enterprise engagement [6] Group 4: Competitive Landscape - Despite Dropbox's challenges, it has outperformed peers like Akamai Technologies, Sprout Social, and Inuvo, which have seen declines of 15.3%, 18.1%, and 32.6% year to date, respectively [3][2]

Company Performance - Dropbox's stock closed at $26.39, reflecting a +0.42% change from the previous session, outperforming the S&P 500's daily loss of 1.07% [1] - Over the past month, Dropbox shares have decreased by 19.83, while the Computer and Technology sector and the S&P 500 have lost 11.12% and 7.03%, respectively [1] Earnings Forecast - The upcoming earnings report for Dropbox is anticipated to show an EPS of $0.62, representing a 6.9% growth compared to the same quarter last year [2] - Revenue is expected to be $619.06 million, indicating a 1.94% decline from the year-ago quarter [2] Annual Estimates - For the entire year, the Zacks Consensus Estimates predict earnings of $2.54 per share and revenue of $2.47 billion, reflecting changes of +2.01% and -2.9% compared to the previous year [3] Analyst Projections - Recent shifts in analyst projections for Dropbox are important as they indicate changing near-term business trends, with positive revisions suggesting analysts' confidence in the company's performance [4] Stock Performance Correlation - Research indicates that adjustments in earnings estimates are directly linked to imminent stock price performance, with the Zacks Rank model providing actionable ratings based on these changes [5] Zacks Rank - Dropbox currently holds a Zacks Rank of 1 (Strong Buy), with the consensus EPS estimate having increased by 6.09% over the last 30 days [6] Valuation Metrics - Dropbox is trading at a Forward P/E ratio of 10.34, significantly lower than the industry average of 21.64, indicating a discount [7] - The company's PEG ratio is 0.9, compared to the industry average of 1.34, suggesting favorable valuation relative to expected earnings growth [7] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 159, placing it in the bottom 37% of over 250 industries [8] - The top 50% rated industries tend to outperform the bottom half by a factor of 2 to 1 [8]