Welcome to our dedicated page for Dropbox news (Ticker: DBX), a resource for investors and traders seeking the latest updates and insights on Dropbox stock.
Dropbox, Inc. (NASDAQ: DBX) is a leading provider of cloud storage and content collaboration tools, emphasizing its services for individuals and small to medium-sized businesses (SMBs). Founded in 2007, Dropbox was a pioneer in the cloud storage and cross-platform file syncing space. Today, over 700 million users across 180 countries rely on Dropbox to stay organized and keep their work moving.
Headquartered in San Francisco, Dropbox has expanded its product lineup through both organic and inorganic growth. Notable acquisitions include the secure document sharing platform DocSend, which offers real-time actionable feedback and security for business-critical documents. With its core business rooted in cloud storage, Dropbox has been diversifying its product offerings, aiming to create a more comprehensive suite of tools that simplify life for millions around the globe.
Recently, Dropbox's subsidiary DocSend reported promising trends in startup fundraising. According to their latest data analysis, there was increased investor engagement with pitch decks, showing positive momentum for the first time in six quarters. Despite a challenging economic environment, investor activity rose 1.7% quarter-over-quarter, indicating a hopeful outlook for deal-making in 2024.
Dropbox continues to innovate and develop new products to meet the evolving needs of its users. The company’s commitment to creating collaborative tools and solutions has solidified its position as a significant player in the tech industry. With a global team and offices worldwide, Dropbox is poised for continuous growth and aims to design a more enlightened way of working.
For more information about Dropbox's mission and product offerings, visit dropbox.com. For career opportunities, explore Dropbox Careers.
Dropbox, Inc. (NASDAQ: DBX) reported impressive financial results for Q2 2021, with total revenue of $530.6 million, a 13.5% increase year-over-year. Annual recurring revenue (ARR) grew to $2.166 billion, reflecting a 12.2% increase. The company also saw its paying users rise to 16.14 million and average revenue per user increase to $133.15. GAAP net income surged to $88.0 million, up from $17.5 million in Q2 2020. Additionally, free cash flow reached $216.0 million, highlighting strong operating cash flow of $219.9 million.
Dropbox, Inc. (NASDAQ: DBX) is set to release its financial results for Q2 2021 on August 5, 2021, after market close. A conference call will follow at 2:00 PM PT / 5:00 PM ET to discuss the results with investors. The call can be accessed by calling (877) 300-7844 in the U.S. and (786) 815-8440 internationally. Additionally, a live webcast will be available on the Dropbox investor relations website. Dropbox has over 700 million registered users and operates in 180 countries, focusing on enhancing workplace organization.
Dropbox, Inc. (DBX) announced its Q1 2021 financial results, reporting total revenue of $511.6 million, up 12% year-over-year. The company achieved an annual recurring revenue (ARR) of $2.112 billion, a 13% increase compared to last year, with 15.83 million paying users.
GAAP net income rose to $47.6 million, and non-GAAP net income increased to $141.8 million. Dropbox completed the acquisition of DocSend for $165 million, enhancing its document workflow capabilities.
Dropbox's DocSend released a report detailing the fundraising landscape for startup founder teams. In 2020, teams with minority members raised 30% more than those without, while all-female teams raised 70% less than all-male teams, averaging $195,000 versus $659,529. The report analyzed data from 200 startups, highlighting that all-female teams spent 21% less time fundraising and had fewer investor meetings. Despite progress for minority-led teams, the report emphasizes the need for more support for all-female teams in securing funding.
Dropbox (NASDAQ: DBX) will announce its financial results for Q1 2021 after market close on May 6, 2021. The announcement will be followed by a conference call at 2:00 PM PT / 5:00 PM ET to discuss the results. Investors can access the call by dialing U.S. (877) 300-7844 or internationally (786) 815-8440. A live webcast will also be available on the Dropbox investor relations website. The telephonic replay will be accessible until May 13, 2021. With over 700 million registered users, Dropbox continues to enhance productivity and organization for users globally.
Dropbox, Inc. (NASDAQ: DBX) has completed the acquisition of DocSend, a secure document sharing and analytics company with over 17,000 customers. This strategic move aims to enhance Dropbox's offerings by integrating DocSend's capabilities with HelloSign, allowing for more efficient document workflows that encompass collaboration, sharing, and e-signatures. As the companies combine their resources, Dropbox aims to provide greater control to customers across various industries, ultimately impacting business results positively.
Dropbox (NASDAQ: DBX) has announced its acquisition of DocSend for $165 million in cash, aimed at enhancing document-sharing capabilities. With over 17,000 customers, DocSend provides secure document sharing and analytics. This strategic acquisition is expected to close in Q1 2021 and will have an immaterial impact on Dropbox's operating results for the year. Both companies aim to streamline document workflows by integrating their platforms, improving customer visibility and control over document engagements.
Dropbox announced the pricing of $653 million in convertible senior notes due 2026 and 2028, increasing the total offering size to $1.286 billion in net proceeds. The initial purchasers have a 13-day option for an additional $65.3 million in each note series. The proceeds will fund share repurchases, convertible note hedge transactions, and general corporate purposes. The 2026 Notes convert at a rate of 26.1458 shares per $1,000 and the 2028 Notes at 28.2889 shares. The company may redeem the notes starting in 2024 and plans to engage in share purchases, impacting its stock performance.
Dropbox plans to offer $567.5 million of convertible senior notes maturing in 2026 and 2028. The notes will be senior, unsecured obligations, with interest payable semi-annually. Upon conversion, Dropbox can pay in cash or Class A common stock. The company will engage in convertible note hedge and warrant transactions to minimize dilution of its shares. Proceeds will be used to cover costs associated with these transactions and to repurchase its Class A common stock. The offering is being made to qualified institutional buyers under Rule 144A.
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