Dropbox Inc Class A

DBX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Dropbox Earnings: File-Sharing Holds Firm, While Focus Shifts to Content Management

Mark Giarelli , Martin Szumski

May 9, 2025

Dropbox shares are flat after first-quarter earnings were announced, with most major metrics beating management guidance and FactSet analyst expectations. Non-GAAP adjusted EBITDA reached $293.7 million on a record 47% margin. Paying users decreased to 18.16 million from 18.22 million.

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Dropbox Inc Class A

Dropbox Earnings: File-Sharing Holds Firm, While Focus Shifts to Content Management

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