Dropbox forecasts Q4 revenue of USD 630 million–633 million
DBX•Dropbox forecast fourth-quarter 2026 revenue of USD 630 million to USD 633 million and projected fiscal 2026 unlevered free cash flow of at least USD 1.08 billion.
1. Revenue and cash flow outlook
Dropbox forecast fourth-quarter 2026 revenue of USD 630 million to USD 633 million. It projected fiscal 2026 unlevered free cash flow at or above USD 1.08 billion, with capital expenditures of USD 20 million to USD 25 million.
2. Third-quarter trends
Third-quarter unlevered free cash flow was USD 303.9 million, compared with USD 314.2 million a year earlier. Paying users grew for a fourth consecutive quarter, while revenue excluding FormSwift recorded a fifth consecutive quarter of growth.




