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

Key Takeaways DBX beat Q4 earnings estimates as revenues and ARR declined y/y.DBX posted a 38.2% non-GAAP operating margin, up 130 bps y/y on lower expenses.DBX expects 2026 revenues of $2.485-$2.5B and a free cash flow of $1.04B or above.Dropbox (DBX) reported fourth-quarter 2025 non-GAAP earnings of 68 cents per share, which surpassed the Zacks Consensus Estimate by 2.52% and decreased 6.8% year over year.Revenues of $636.2 million declined 1.1% year over year but beat the consensus mark by 1.39%. On a co ...