Quarterly ResultNov 5, 2026, 04:14 PM
Dropbox Q3 Revenue $637.3M; Acquires Tigris Data for $350M
AI Summary
Dropbox announced its third quarter 2026 financial results, reporting revenue of $637.3 million, a 0.5% increase year-over-year (1.0% excluding FormSwift). The company also revealed plans to acquire Tigris Data for approximately $350 million to bolster its AI infrastructure offerings and launched DBX Agent Cloud. Dropbox reported a GAAP operating margin of 27.5% and a non-GAAP operating margin of 42.2%. Net cash provided by operating activities was $259.2 million, and unlevered free cash flow was $303.9 million.
Key Highlights
- Dropbox Q3 2026 revenue $637.3M, up 0.5% YoY (1.0% excluding FormSwift).
- Announced $350M planned acquisition of Tigris Data, an object storage platform for AI.
- Launched DBX Agent Cloud, a new infrastructure business for AI applications.
- Q3 2026 GAAP operating margin 27.5%; Non-GAAP operating margin 42.2%.
- Q3 2026 GAAP net income $116.1M, EPS $0.52; Non-GAAP net income $197.8M, EPS $0.88.
- Net cash provided by operating activities $259.2M; Unlevered free cash flow $303.9M.
- Total ARR $2.555B, up 0.8% YoY (1.9% excluding FormSwift).
Price Impact
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