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Dropbox DBX Q1 2025 earnings

Reported May 8, 2025 · After market close

Revenue$624.7MBeat by $4.6M
EPS$0.70Beat by $0.08
Revenue estimate$620.1M
EPS estimate$0.62

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$626.7M
EPS estimate$0.74

Financials

Q1 2025

Income statement

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Revenue$624.7M-1.0%
Gross profit$508.0M-3.3%
Operating income$183.8M+28.1%
Net income$150.3M+13.6%
EPS (diluted)$0.51+30.8%

Balance sheet

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Cash & equivalents$974.9M+77.6%
Total debt$1.5B-31.0%
Total equity-$1.1B-288%
Total assets$3.0B+5.7%

Cash flow

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Operating cash flow$153.8M-12.4%
CapEx$100.0K-98.9%
Free cash flow$153.7M-7.6%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$7.84B-6.3%
Enterprise value$8.34B-16.2%
P/E16.7×+0.5×
P/S3.1×-0.2×

Profitability

See full
Gross margin82.1%+0.6pp
Operating margin20.7%-3.0pp
Net margin18.5%-2.0pp
FCF margin33.8%+2.6pp

Returns & leverage

See full
Current ratio0.7×-0.4×

Segments

By geography

See full
United States$356.4M

Versus estimates

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Questions, answered.

When did Dropbox report Q1 2025 earnings?
Dropbox (DBX) reported Q1 2025 earnings on May 8, 2025 after market close.
What were Dropbox's Q1 2025 revenue and EPS?
Dropbox reported revenue of $624.7M and eps of $0.70 for Q1 2025.
Did Dropbox beat estimates in Q1 2025?
Revenue beat the consensus estimate of $620.1M by $4.6M. EPS beat the consensus estimate of $0.62 by $0.08.
How did Dropbox's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.0% from $631.3M a year earlier and eps grew 20.7% from $0.58.
Where can I find Dropbox's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001467623-25-000060) directly on SEC EDGAR. The filing index links above go to sec.gov.