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AI brief of an SEC Form 8-K · Dropbox (DBX)

Dropbox Q1 2026 revenue rises 0.8% to $629.5 million; net income falls to $114.5 million

Mixed Impact 3 of 5 earnings Written later

Dropbox reported first-quarter 2026 revenue of $629.5 million, up 0.8% from a year earlier, and excluding FormSwift, up 2.0%. GAAP net income fell to $114.5 million from $150.3 million, mainly because interest expense rose on additional draws on its term loan, so shareholders see higher sales but lower profit. The filing does not include forward guidance; the company said it will provide guidance on its conference call and website.

Key points

  • Revenue was $629.5 million, up 0.8% year over year; excluding FormSwift, revenue rose 2.0%.
  • GAAP diluted EPS was $0.48, down from $0.51; non-GAAP diluted EPS was $0.76, up from $0.70.
  • GAAP operating margin was 27.5%, down from 29.4%; interest expense, net was $36.7 million, up from $14.6 million.
  • Net cash provided by operating activities was $204.5 million, up from $153.8 million; common stock repurchases were $366.8 million.

The filing

CompanyDropbox (DBX)
Form8-K, current report
Filed with the SECMay 7, 2026, 4:10 PM ET
Accession number0001467623-26-000027

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 May 07, 2026.

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.