Nov 5, 4:06 PM ET
Dropbox reported third-quarter 2026 revenue of $637.3 million, representing a 0.5% year-over-year increase, alongside GAAP net income of $116.1 million. The company also announced a planned $350.0 million cash acquisition of Tigris Data and the launch of DBX Agent Cloud to expand into AI infrastructure.
- Total revenue was $637.3 million for the quarter ended September 30, 2026, up 0.5% year-over-year.
- GAAP net income was $116.1 million, and non-GAAP net income reached $197.8 million.
- Announced an agreement to acquire Tigris Data for approximately $350.0 million in cash.
- Total annual recurring revenue reached $2.555 billion, an increase of 0.8% year-over-year.
Read the filing on SEC.gov ↗
Nov 5, 9:05 AM ET
Dropbox agreed on November 3, 2026 to buy all outstanding equity of Tigris Data Inc., an object storage platform built for AI workloads, for cash consideration of about $350 million, subject to customary price adjustments. The company also launched DBX Agent Cloud, a storage offering that initially provides standalone object storage, and closing is expected in the fourth quarter of 2026 subject to customary conditions.
- Cash consideration of approximately $350 million, subject to customary purchase price adjustments
- Definitive agreement entered November 3, 2026; closing expected in the fourth quarter of 2026
- DBX Agent Cloud starts with S3-compatible object storage; AI features have rolled out to more than 70,000 teams
- Initial rollout focuses on eligible Standard and Advanced teams in the US, UK, and Australia; broader availability planned for 2027
Read the filing on SEC.gov ↗
Oct 28, 9:05 AM ET
Dropbox announced a reduction of about 9% of its global workforce to align investments with its top product and growth priorities, with estimated cash costs of $27 million to $33 million and $20 million to $25 million of incremental expense. The company also said its preliminary third quarter 2026 results are expected to be in line with or above its guidance ranges for revenue, constant currency revenue and non-GAAP operating margin, and that Chief Technology Officer Ali Dasdan will step down on November 18, 2026.
- Global workforce reduction of approximately 9%, with most cash payments and expense recognized in Q4 2026
- Estimated total cash expenditures of $27 million to $33 million; incremental expense of $20 million to $25 million
- Preliminary Q3 2026 results expected in line with or above guidance; full results due November 5, 2026
- CTO Ali Dasdan steps down effective November 18, 2026, with a $515,000 pro rata bonus and a lump sum payment of about $1.3 million
Read the filing on SEC.gov ↗
Aug 6, 4:08 PM ET
Dropbox reported results for the quarter ended June 30, 2026, with revenue up 0.9% year over year to $631.5 million. GAAP net income and GAAP diluted earnings per share declined from a year earlier, while non-GAAP diluted earnings per share rose to $0.75 from $0.71. The filing does not include forward guidance; the company said it will provide guidance on its conference call.
- Revenue was $631.5 million, up from $625.7 million; excluding FormSwift, revenue rose 1.7%.
- GAAP net income was $95.8 million versus $125.6 million; GAAP diluted EPS was $0.42 versus $0.45.
- Non-GAAP diluted EPS was $0.75 versus $0.71; non-GAAP operating margin was 39.7% versus 41.5%.
- Common stock repurchases were $330.3 million in the quarter; unlevered free cash flow was $283.5 million.
Read the filing on SEC.gov ↗
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