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.
TypePublic
HQSan Francisco, US
Founded2007
Size (employees)1,850 (est)
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 Seattle, New York, Austin, San Francisco and in 6 other locations
San Francisco, US (HQ)
333 Brannan Street
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 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 (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 (20-Sep-2018)

10.7 b

Closing stock price (20-Sep-2018)

26.5

Cash (31-Mar-2018)

665.3 m

EV

10.2 b
Dropbox's current market capitalization is $10.7 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, 2017Q1, 2018

Net Income

(33.1 m)(465.5 m)

Depreciation and Amortization

48 m35.9 m

Accounts Payable

800 k(2.8 m)

Cash From Operating Activities

61.6 m61.8 m
USDY, 2018

EV/EBIT

-21.8 x

EV/CFO

164.5 x

EV/FCF

195.9 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 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

Salesforce updates Quip with Quip Slides, Dropbox, and Box integrations

It’s been about two years since Salesforce acquired Quip, a cloud-based word processor to compete with the likes of Google Docs, Zoho Docs, and Microsoft 365. Since then, it’s expanded upon the platform with custom-built applications that can be embedded directly into any Quip document, plus pre-bui…

Web Services Cloud Market Report 2025: Amazon, Microsoft, Google, Apple, ATT, Oracle, Box, Citrix, Dell, Dropbox

Web Services Cloud Market is estimated to grow at a compound annual growth rate of +11.2% between 2018 and 2025, to reach $XX billion Major Key Players In This ReportAmazon , Microsoft , Google, Apple, ATT, Box, Citrix, Dell , Dropbox, Flexiant, Hewlett-Packard, IBM, Oracle , Rackspace, Re…

Dropbox may be adding an e-signature feature, user survey indicates

A recent user survey sent out by Dropbox confirms the company is considering the addition of an electronic signature feature to its Dropbox Professional product, which it refers to simply as “E-Signature from Dropbox.” The point of the survey is to solicit feedback about how likely users are to use …

Goldman Sachs was an early backer of Uber, Dropbox and Spotify—here's what its CFO says the bank looks for in a startup investment (GS, SPOT, DBX)

Goldman Sachs is the most active tech startup investor that's not a tech company itself —with venture capital investments in around 640 different tech startups. The investment bank saw big returns on Spotify, and was an early investor in companies like Uber and Dropbox.  Speaking at TechCrunch Dis…

Dropbox stock on track to close at new all-time low

Shares of Dropbox Inc. are on track to close at a new all-time low, as the stock continues its steady decline since the company's mid-August earnings report. The stock reached a new intraday low of $25.19 in Thursday's session and are currently trading at $25.44. That would mark a new all-time low …

Dropbox CEO Drew Houston heard going public was 'finding a way to live in hell without dying' — but after the IPO, he's seeing the light (DBX)

Two weeks before going public in March, Dropbox CEO Drew Houston overheard a conversation that really freaked him out.  Houston overheard an interview where someone suggested that going public is "finding a way to live in hell without dying." So far in his experience, Houston said, there have bee…
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Dropbox Company Life and Culture

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