Quarterly ResultMay 8, 2026, 04:17 PM
Dropbox Q1 Net Income $114.5M, down 23.8%; Revenue $629.5M
AI Summary
Dropbox reported a net income of $114.5 million for the first quarter of 2026, a 23.8% decrease from $150.3 million in the prior year. Revenue saw a modest increase of 0.77% to $629.5 million. The company engaged in significant financing activities, including securing a new term loan facility of $1.2 billion and repaying $695.8 million in convertible senior notes, while also repurchasing $366.8 million of common stock.
Key Highlights
- Q1 2026 net income decreased 23.8% to $114.5 million from $150.3 million YoY.
- Q1 2026 revenue increased 0.77% to $629.5 million from $624.7 million YoY.
- Diluted net income per share was $0.48, down from $0.51 in Q1 2025.
- Secured $1.2 billion from a new term loan facility in Q1 2026.
- Repaid $695.8 million in convertible senior notes during Q1 2026.
- Repurchased $366.8 million of common stock in Q1 2026.
- Net cash from operating activities rose 32.96% to $204.5 million.
- Interest expense, net, increased 151.4% to $36.7 million from $14.6 million.
Price Impact
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