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. Dropbox Basic users are given 2 gigabytes of free storage space. Dropbox Plus users are given 1 terabyte of storage space, as well as additional features, including advanced sharing controls, remote wipe and an optional extended version history add-on.
Type
Public
HQ
San Francisco, US
Founded
2007
Size (employees)
1,850 (est)
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
Ajay Vashee

Ajay Vashee

CFO
Bart Volkmer

Bart Volkmer

General Counsel
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Dropbox Office Locations

Dropbox has offices in Seattle, New York, Austin, San Francisco and in 6 other locations
San Francisco, US (HQ)
185 Berry St 4th Floor
Austin, US
Congress Ave
New York, US
9th Street
San Francisco, US
333 Brannan
Seattle, US
701 5th Ave
Sydney, AU
345 George St
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Dropbox Financials and Metrics

Dropbox Financials

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

Revenue (Q1, 2018)

316.3 m

Gross profit (Q1, 2018)

195.7 m

Gross profit margin (Q1, 2018), %

61.9%

Net income (Q1, 2018)

(465.5 m)

EBIT (Q1, 2018)

(465.9 m)

Market capitalization (15-May-2018)

11.6 b

Closing share price (15-May-2018)

29.6

Cash (31-Mar-2018)

665.3 m

EV

11.1 b
Dropbox's current market capitalization is $11.6 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

603.8 m844.8 m1.1 b

Revenue growth, %

40%31%

Cost of goods sold

407.4 m390.6 m368.9 m

Gross profit

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

Revenue

185 m200.8 m221 m238 m247.9 m266.7 m286.7 m305.5 m316.3 m

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

352.7 m430 m

Accounts Receivable

13.2 m29.3 m

Prepaid Expenses

47.5 m58.8 m

Current Assets

413.4 m518.1 m
Quarterly
USDQ1, 2018

Cash

665.3 m

Accounts Receivable

26.2 m

Prepaid Expenses

57.7 m

Current Assets

929.9 m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

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

Depreciation and Amortization

149.6 m191.6 m181.8 m

Accounts Payable

9.2 m5.5 m16.2 m

Cash From Operating Activities

14.8 m252.6 m330.3 m
Quarterly
USDQ1, 2018

Net Income

(465.5 m)

Depreciation and Amortization

35.9 m

Accounts Payable

2.8 m

Cash From Operating Activities

61.8 m
USDY, 2018

EV/EBIT

-23.8 x

EV/CFO

179.4 x

EV/FCF

213.6 x

Revenue/Employee

171 k

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.8 x
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Dropbox Operating Metrics

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

Paying Users

6.50 m8.80 m11 m

ARPU

$113.54 $110.54 $111.91

Registered Users

500 m500 m

Paying Business Customers

150 k200 k300 k
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Dropbox Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Verst (34)November 30, 2017
Clementine July 22, 2015
Umano May 13, 2015
Pixelapse January 26, 2015
CloudOn January 21, 2015$100 m
Predictive Edge July 01, 2014
Parastructure June 16, 2014
MobileSpan June 10, 2014
Droptalk June 05, 2014
Bubbli May 21, 2014
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Dropbox News and Updates

Dropbox eyes security, machine learning technologies in Israel

TEL AVIV (Reuters) - U.S. file-sharing and storage company Dropbox plans to expand its development center in Tel Aviv by hiring more staff and looking out for acquisition opportunities in security and machine-learning.

Dropbox Releases Team Events API for its Business Platform

Dropbox has re-written the API from the ground-up The post Dropbox Releases Team Events API for its Business Platform  appeared first on Computer Business Review.

Dropbox beats estimates in first results since going public

(Reuters) — File sharing and storage company Dropbox beat Wall Street expectations for quarterly results and topped estimates for paying subscribers in its first financial report as a publicly traded company. However, the company’s shares, which had gained 10 percent this week ahead of the earnings,…

Dropbox beats forecasts in its first earnings report since market debut

Dropbox Inc. has posted a solid first quarter in its first earnings report since the launch of its initial public offering in March. The file storage company beat out Wall Street’s expectations, reporting earnings after certain costs such as stock compensation of 4 cents per share on revenue of $316…
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