Earnings ·
Dropbox reports Q3 revenue of $637.3M, announces $350M acquisition of Tigris Data
DBXDropbox, Inc.
Dropbox reported third-quarter 2026 total revenue of $637.3 million, a 0.5% increase year-over-year, with growth excluding FormSwift at 1.0%. The company posted a non-GAAP operating margin of 42.2%, up from 41.1% in the prior year period, and generated $303.9 million in unlevered free cash flow. Concurrently, Dropbox announced an agreement to acquire Tigris Data for approximately $350.0 million in cash, subject to customary closing conditions, with the transaction expected to close in the fourth quarter of 2026. The company also launched DBX Agent Cloud and a new user experience interface. Dropbox operates in the cloud storage and content collaboration industry.