Every 8-K that Dropbox, Inc. (DBX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow DBX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DBX filings page.
Dropbox, Inc. reported second quarter 2026 revenue of $631.5 million, up from $625.7 million a year earlier; excluding FormSwift, revenue grew 1.7% year-over-year. Total ARR reached $2.566 billion, while paying users rose to 18.19 million and average revenue per paying user increased to $139.68.
GAAP operating margin was 26.1% and non-GAAP operating margin 39.7%. GAAP net income declined to $95.8 million from $125.6 million, with non-GAAP net income at $170.0 million. Net cash provided by operating activities was $238.5 million, and unlevered free cash flow was $283.5 million, as cash, cash equivalents and short-term investments totaled $1.114 billion at quarter end.
Dropbox, Inc. entered into a new senior secured revolving credit facility providing up to $400 million in borrowing capacity, alongside authorization of an additional $900 million Class A common stock repurchase program. The revolver includes a $65 million letter-of-credit sublimit and a $15 million swingline sublimit, and may be increased to $500 million subject to conditions.
The revolving credit facility matures on December 11, 2029, is secured by substantially all of the Company’s and certain subsidiaries’ assets, and is currently undrawn. It carries interest based on an alternate base rate or term SOFR plus a margin tied to Dropbox’s consolidated secured leverage ratio, a 0.25% commitment fee on unused commitments, and a maximum consolidated leverage ratio covenant of 5.00 to 1.00. An amendment to the existing term loan agreement permits this new revolver, and both facilities share pari passu collateral.
Dropbox, Inc. held its 2026 Annual Meeting of Stockholders on May 21, 2026, where all proposals received the required approvals. Stockholders elected seven directors, each receiving over 764 million "for" votes, with Andrew Moore and Abhay Parasnis both topping 882 million.
Stockholders ratified Ernst & Young LLP as auditors for the fiscal year ending December 31, 2026, with about 889 million votes in favor. They also approved, on an advisory basis, compensation for the named executive officers and approved an amendment and restatement of the articles of incorporation to waive jury trials for internal actions, along with contextual and ministerial changes.
Dropbox, Inc. is reorganizing its leadership team while reaffirming its financial outlook. The Board appointed Ashraf Alkarmi, currently General Manager, Core, as Co-Chief Executive Officer and director effective May 26, 2026, alongside co‑founder Andrew Houston.
After a transition period, Houston is expected to become Executive Chairman and Alkarmi the sole CEO. Alkarmi’s updated compensation includes a $825,000 annual base salary, a target cash bonus equal to 100% of base salary, and restricted stock units valued at $12,656,250, vesting over multiple years, subject to continued service. He also entered into an enhanced change in control and severance agreement.
Separately, the Board appointed Michael Torres as Chief Product Officer effective July 7, 2026. Dropbox also announced that it expects its second quarter 2026 and full-year 2026 financial results to be in-line with or above previously provided guidance ranges.
Dropbox reported modest growth for the first quarter of 2026, while strengthening profitability and cash generation. Revenue reached $629.5 million, up 0.8% year-over-year, or 2.0% excluding FormSwift. Total annual recurring revenue was $2.560 billion, up 0.3% overall and 1.3% excluding FormSwift.
Paying users edged down to 18.09 million from 18.16 million, but average revenue per paying user increased to $141.18 from $139.26. GAAP operating margin was 27.5% and non-GAAP operating margin 40.1%. GAAP net income was $114.5 million and non-GAAP net income $180.4 million. Net cash from operating activities rose to $204.5 million, with unlevered free cash flow of $236.4 million.
Dropbox reported 2025 results showing stronger profitability but slightly lower revenue. Full-year revenue was $2.521 billion, down 1.1%, though excluding FormSwift it inched up 0.2%. Fourth-quarter revenue was $636.2 million, also down 1.1%.
Margins improved meaningfully. Fiscal 2025 GAAP operating margin rose to 27.3% from 19.1%, and non-GAAP operating margin increased to 40.6% from 36.4%. GAAP net income grew to $508.4 million, while non-GAAP net income was $775.4 million. The quarter delivered a 25.5% GAAP operating margin and 38.2% non-GAAP margin.
Cash generation remained strong. Net cash provided by operating activities reached $951.8 million for the year, with unlevered free cash flow of $1.016 billion. Dropbox repurchased about 60.4 million shares for $1.7 billion in 2025, funded alongside higher term-loan borrowings and existing cash resources.
Dropbox, Inc. reported that it issued a press release on November 6, 2025 announcing its financial results for the quarter ended September 30, 2025, and scheduled a conference call to discuss those results. The press release is included as an exhibit titled “Dropbox Announces Fiscal 2025 Third Quarter Results.”
Dropbox also posted supplemental investor materials on its investors.dropbox.com website and stated that it intends to use this site to disclose material non‑public information and satisfy its Regulation FD disclosure obligations. The information in this report and its exhibits is furnished rather than filed, which limits certain Exchange Act liability and incorporation-by-reference effects.
Dropbox announced amendments to its credit agreement adding 2025 Delayed Draw Term Loans available until March 15, 2026. Borrowings under this delayed facility mature on September 9, 2030, and must be repaid in equal quarterly installments of 0.25% of the original principal beginning the quarter after funding. The loans are subject to the same mandatory prepayments as the company’s existing term loans and may not be reborrowed once repaid. Interest may be elected at an alternate base rate plus a 2.75% margin or at a term SOFR rate plus a 3.75% margin, with interest payable quarterly. A quarterly commitment fee accrues at 1.00% per annum on unused commitments. The filing notes customary relationships between lenders and the company, and that Matthews South served as financial advisor. Other material terms remain unchanged and details are in the attached exhibit.
Dropbox, Inc. has appointed Sarah Schubach as its Chief Accounting Officer, effective August 21, 2025, making her the company’s principal accounting officer. She joined Dropbox in 2013 and most recently served as Vice President, Controller since August 2022, after earlier roles including Senior Director, Controller and Assistant Controller. Before joining Dropbox, she worked in the assurance practice at Ernst & Young LLP and holds a Bachelor of Science in Accounting from Santa Clara University’s Leavey School of Business. The company states there are no special arrangements or family relationships related to her appointment, and she will enter into Dropbox’s standard indemnification agreement.