DBX
Dropbox, Inc.28.59
+0.73+2.62%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
7.48BP/E (TTM)
16.24Basic EPS (TTM)
1.76Dividend Yield
0%Recent Filings
8-K
8-K
8-K
Dropbox amends credit agreement for $700M term loans; launches $1.5B stock buyback.
Dropbox, Inc. amended its Credit and Guaranty Agreement on September 9, 2025, adding up to $700 million in delayed draw secured term loans, primarily to repay its 2026 convertible senior notes. The amendment expands the total term loan facility to $2.7 billion, with the new loans maturing in 2030 and carrying interest at term SOFR plus 3.75% or ABR plus 2.75%. As of the amendment date, $995 million in existing term loans remain outstanding. Concurrently, Dropbox authorized a new $1.5 billion share repurchase program for its Class A common stock, to be executed opportunistically under applicable regulations.
8-K
Schubach named CAO
Dropbox appointed Sarah Schubach as Chief Accounting Officer effective August 21, 2025, elevating her from Vice President, Controller since 2022. With over a decade at the company and prior experience at Ernst & Young, she steps up as principal accounting officer. No related arrangements or conflicts disclosed. This internal promotion bolsters financial oversight amid growth demands.
10-Q
Q2 FY2025 results
Dropbox's Q2 FY2025 revenue dipped 1.4% y/y to $625.7M, yet operating income surged 32.6% to $168.4M on 18.8% lower R&D and 22.0% reduced sales and marketing expenses, thanks to the 2024 workforce cut. Gross margin slipped to 80.3% from 83.2% amid a 15.6% rise in infrastructure costs for datacenter upgrades, while diluted EPS climbed 32.4% to $0.45, aligning with 276.7M weighted shares. Cash from operations hit $414.3M YTD, yielding $412.2M free cash flow after minimal $2.1M capex, but aggressive $907.0M stock buybacks slashed cash to $736.3M against $2.7B total debt including a $995.0M term loan due 2029. A small $8.4M acquisition added $7.0M goodwill. Still, Teams plans face churn in a tough economy.
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