Dropbox Announces First Quarter 2026 Results
Dropbox delivered Q1 revenue of $629.5 million, exceeding the high end of guidance, with non-GAAP operating margin expanding to 40.1%. Unlevered free cash flow surged 36% year-over-year to $236.4 million, driven by strong operating performance and disciplined investment.
Key figures
- Eps
- 0.48
- Revenue
- $629.5 million
- Revenue Yoy
- 0.8%
- Arppu
- $141.18
- Total arr
- $2.560 billion
- Non gaap eps
- 0.76
- Paying users
- 18.09 million
- Free cash flow
- 203300000
- Operating margin gaap
- 27.5%
- Unlevered free cash flow
- 236400000
- Operating margin non gaap
- 40.1%
AI analysis
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