Dropbox is a file hosting service that offers cloud storage, file synchronization, personal cloud and client software. It creates a special folder on the user's computer, the contents of which are then synchronized to Dropbox's servers and to other computers and devices that the user has installed Dropbox on, keeping the same files up-to-date on all devices. Dropbox uses a freemium business model, where users are offered a free account with a set storage size, with paid subscriptions available that offer more capacity and additional features.

Employee Rating

4.2More
TypePublic
HQSan Francisco, US
Founded2007
Size (employees)1,858 (est)+24%
Websitedropbox.com
Dropbox was founded in 2007 and is headquartered in San Francisco, US
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Key People/Management at Dropbox

Drew Houston

Drew Houston

Co-Founder and CEO
Arash Ferdowsi

Arash Ferdowsi

Co-Founder
Quentin Clark

Quentin Clark

SVP Engineering, Product, and Design
Arden Hoffman

Arden Hoffman

VP People
Yamini Rangan

Yamini Rangan

Chief Customer Officer
Ajay Vashee

Ajay Vashee

CFO
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Dropbox Office Locations

Dropbox has offices in Paris, Hamburg, Dublin, Mountain View and in 8 other locations
San Francisco, US (HQ)
333 Brannan Street
Austin, US
501 Congress Ave
Mountain View, US
200 W Evelyn Ave
New York, US
9th Street
San Francisco, US
333 Brannan
Seattle, US
701 5th Ave
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Dropbox Financials and Metrics

Dropbox Revenue

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Dropbox's revenue was reported to be $1.11 b in FY, 2017 which is a 31% increase from the previous period.
USD

Revenue (Q2, 2018)

339.2m

Gross profit (Q2, 2018)

249.7m

Gross profit margin (Q2, 2018), %

73.6%

Net income (Q2, 2018)

(4.1m)

EBIT (Q2, 2018)

(7.2m)

Market capitalization (9-Nov-2018)

10.3b

Closing stock price (9-Nov-2018)

25.6

Cash (30-Jun-2018)

504.1m

EV

9.9b
Dropbox's current market capitalization is $10.3 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

603.8m844.8m1.1b

Revenue growth, %

40%31%

Cost of goods sold

407.4m390.6m368.9m

Gross profit

196.4m454.2m737.9m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018

Revenue

185.0m200.8m221.0m238.0m247.9m266.7m286.7m305.5m316.3m339.2m

Cost of goods sold

98.8m102.7m98.8m89.3m93.5m92.2m91.5m91.7m120.6m89.5m

Gross profit

86.2m98.1m122.2m148.7m154.4m174.5m195.2m213.8m195.7m249.7m

Gross profit Margin, %

47%49%55%62%62%65%68%70%62%74%
Annual
USDFY, 2016FY, 2017

Cash

352.7m430.0m

Accounts Receivable

13.2m29.3m

Prepaid Expenses

47.5m58.8m

Current Assets

413.4m518.1m
Quarterly
USDQ1, 2018Q2, 2018

Cash

665.3m504.1m

Accounts Receivable

26.2m31.2m

Prepaid Expenses

57.7m86.8m

Current Assets

929.9m1.1b
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

(325.9m)(210.2m)(111.7m)

Depreciation and Amortization

149.6m191.6m181.8m

Accounts Payable

9.2m5.5m16.2m

Cash From Operating Activities

14.8m252.6m330.3m
Quarterly
USDQ1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

(33.1m)(59.9m)(465.5m)(469.6m)

Depreciation and Amortization

48.0m94.4m35.9m75.9m

Accounts Payable

800.0k2.6m(2.8m)(8.5m)

Cash From Operating Activities

61.6m147.7m61.8m173.7m
USDY, 2018

EV/EBIT

-1.4 k x

EV/CFO

57.2 x

EV/FCF

64.5 x

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.5 x
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Dropbox Operating Metrics

Dropbox's Registered Users was reported to be 500 m in Q1, 2018.
Nov, 2015FY, 2015Mar, 2016Jul, 2016FY, 2016Q1, 2017FY, 2017Feb, 2018Q1, 2018

Paying Users

6.50 m8.80 m9.30 m11 m11.50 m

ARPU

$113.54 $110.54 $110.79 $111.91 $114.30

Registered Users

500 m500 m500 m

Paying Business Customers

150 k150 k200 k300 k
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Dropbox Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
VerstNovember 30, 2017
ClementineJuly 22, 2015
UmanoMay 13, 2015
PixelapseJanuary 26, 2015
CloudOnJanuary 21, 2015$100 m
Predictive EdgeJuly 01, 2014
ParastructureJune 16, 2014
MobileSpanJune 10, 2014
DroptalkJune 05, 2014
BubbliMay 21, 2014
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Dropbox Revenue Breakdown

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Dropbox revenue breakdown by geographic segment: 48.0% from International and 52.0% from United States

Human Capital Metrics

Dropbox's employees are reported to be approximately 36% female and 64% male.
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Dropbox Online and Social Media Presence

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Dropbox News and Updates

$9.95 billion Dropbox beats Wall Street expectations, but analysts still aren't sure if it can crack the enterprise space (DBX)

Dropbox posted $360.3 million in revenue in the third quarter. That beat Wall Street's forecasts, but analysts' expectations were low. Dropbox has been trying to break into the enterprise space, but investors and analysts see that as a big challenge, since its service was originally targeted at c…

Dropbox rises after beating estimates on revenue and earnings

Dropbox stock rose more than 9 percent after the company beat estimates on third-quarter revenue and profit.

Earnings Results: Dropbox earnings handily beat expectations, stock gains in late trading

Dropbox Inc. earned more cash from each user and grew its paying customer base in the third quarter, as the company continued to narrow its losses and grew sales faster than Wall Street expectations.

Dropbox tops quarterly revenue estimates

File sharing and storage company Dropbox Inc on Thursday topped Wall Street targets for quarterly revenue, benefiting from an expanded customer base and higher revenue per user.

Israeli cybersecurity firm Coronet partners with Dropbox

Coronet said on Thursday it has entered into a partnership with Dropbox that is expected to bring the Israeli cybersecurity firm millions of new users for its data breach protection platform.

Dropbox partners with Google Cloud Identity for advanced security features

Drobpox announced a security-focused collaboration with Google Cloud Identity and expanded partnerships with BetterCloud, Coronet, and Sailpoint.
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Dropbox Company Life and Culture

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Dropbox Frequently Asked Questions

  • When was Dropbox founded?

    Dropbox was founded in 2007.

  • Who are Dropbox key executives?

    Dropbox's key executives are Drew Houston, Arash Ferdowsi and Quentin Clark.

  • How many employees does Dropbox have?

    Dropbox has 1,858 employees.

  • What is Dropbox revenue?

    Latest Dropbox annual revenue is $1.1 b.

  • What is Dropbox revenue per employee?

    Latest Dropbox revenue per employee is $595.7 k.

  • Who are Dropbox competitors?

    Competitors of Dropbox include Cloudian, Amazon Web Services and Box.

  • Where is Dropbox headquarters?

    Dropbox headquarters is located at 333 Brannan Street, San Francisco.

  • Where are Dropbox offices?

    Dropbox has offices in Paris, Hamburg, Dublin, Mountain View and in 8 other locations.

  • How many offices does Dropbox have?

    Dropbox has 13 offices.