DBX Q4 Earnings Surpass Estimates, Revenues Fall Y/Y, Shares Rise

Dropbox tops Q4 earnings estimates despite y/y revenue and ARR declines, shares inch up as cost cuts lift margins, and the 2026 guidance sets a cautious tone.

Zacks Investment Research • Feb 20, 2026

Dropbox: Rich FCF That Can't Be Sustained As Users Leave

Dropbox faces structural headwinds, with Q4 results revealing user contraction and declining ARPU, reinforcing my 'Sell' rating. DBX guides for FY26 revenue of $2.485–$2.5 billion, implying -1.6% to -0.8% y/y growth and margin de-leverage to 39.0–39.5%. Despite a low 8.5x EV/FY26 FCF multiple, DBX's profit sustainability is questionable amid ongoing user and revenue declines.

Seeking Alpha • Feb 20, 2026

Dropbox, Inc. (DBX) Q4 2025 Earnings Call Transcript

Dropbox, Inc. (DBX) Q4 2025 Earnings Call Transcript

Seeking Alpha • Feb 20, 2026

Dropbox Announces Fourth Quarter and Fiscal 2025 Results

SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its fourth quarter and fiscal year ended December 31, 2025. “We closed out 2025 on a strong note, exceeding the high end of our revenue and operating margin guidance and demonstrating our continued operating discipline,” said Drew Houston, Dropbox Co-Founder and Chief Executive Officer. “Last year, we began reshaping how we invest in and evolve the business, and we're starting to see results. We'r.

Business Wire • Feb 19, 2026

Dropbox (DBX) Q4 Earnings and Revenues Surpass Estimates

Dropbox (DBX) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.73 per share a year ago.

Zacks Investment Research • Feb 19, 2026

Why Dropbox (DBX) Dipped More Than Broader Market Today

Dropbox (DBX) closed the most recent trading day at $24.41, moving 2.28% from the previous trading session.

Zacks Investment Research • Feb 12, 2026

Hedge funds made $24 billion shorting software stocks so far in 2026 — And they are increasing the bet

Hedge funds are increasing their short bets against software stocks, contributing to the brutal sell-off in the space so far this year, according to sources at two major funds on Wall Street.

CNBC • Feb 4, 2026

Dropbox (DBX) Sees a More Significant Dip Than Broader Market: Some Facts to Know

In the closing of the recent trading day, Dropbox (DBX) stood at $25.11, denoting a -2.14% move from the preceding trading day.

Zacks Investment Research • Feb 4, 2026

Dropbox to Announce Fourth Quarter and Fiscal 2025 Earnings Results

SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (NASDAQ: DBX) announced today that it will report financial results for the fourth quarter and fiscal year ended December 31, 2025 after market close on Thursday, February 19, 2026. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call will be accessible on the Dropbox investor relations website at http:/.

Business Wire • Jan 29, 2026

Dropbox (DBX) Exceeds Market Returns: Some Facts to Consider

Dropbox (DBX) closed at $26.58 in the latest trading session, marking a +1.06% move from the prior day.

Zacks Investment Research • Jan 27, 2026