Dropbox (DBX) Tops Q3 EPS by 10c, Beats on Revenue

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Dropbox Announces Fiscal 2025 Third Quarter Results

November 6, 2025 4:04 PM EST

Third Quarter GAAP Operating Margin of 27.5% and Non-GAAP Operating Margin of 41.1%

Net Cash Provided by Operating Activities of $302.1 Million and Free Cash Flow of $293.7 Million

Revenue of $634.4 Million, down 0.7% year-over-year; on a constant currency basis, down 1.2% year-over-year

SAN FRANCISCO--(BUSINESS WIRE)-- Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its third quarter ended September 30, 2025.

"We delivered a strong Q3, exceeding our revenue guidance and expanding operating margins as we continue to drive efficiency across the business," said Drew Houston, Dropbox... More