Dropbox Q4 revenue rises 1.4% to $643.6 million; GAAP EPS falls to $0.34
Dropbox reported fourth-quarter 2024 revenue of $643.6 million, up 1.4% year over year, and fiscal 2024 revenue of $2.548 billion, up 1.9%. GAAP diluted earnings per share fell to $0.34 from $0.66, mainly because of $47.2 million in workforce reduction expenses and a prior-year real estate gain, while non-GAAP diluted EPS rose to $0.73 from $0.50. The release did not include forward guidance, which the company said would be given on its conference call.
Key points
- Q4 2024 revenue was $643.6 million, up 1.4%; constant currency growth was 1.1%.
- GAAP net income was $102.8 million, down from $227.3 million, including $47.2 million in workforce reduction expenses.
- Non-GAAP diluted EPS was $0.73, versus $0.50 a year earlier; fiscal 2024 free cash flow was $871.6 million.
- Dropbox said forward-looking guidance would be provided on its February 20, 2025 conference call and website.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 20, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.