Dropbox market cap is $9.5 b, and annual revenue was $1.66 b in FY 2019

Dropbox Gross profit (Q2, 2020)364.9 M

Dropbox Gross profit margin (Q2, 2020), %78.1%

Dropbox Net income (Q2, 2020)17.5 M

Dropbox EBIT (Q2, 2020)12.8 M

Dropbox Cash, 30-Jun-2020334.1 M

Dropbox EV10.3 B

Dropbox revenue was $1.66 b in FY, 2019 which is a 19.4% year over year increase from the previous period.

Dropbox revenue breakdown by geographic segment: 48.6% from International and 51.4% from United States

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Revenue | 1.1b | 1.4b | 1.7b |

| 31% | 26% | 19% |

## Cost of goods sold | 368.9m | 394.7m | 411.0m |

## Gross profit | 737.9m | 997.0m | 1.3b |

| 67% | 72% | 75% |

## Sales and marketing expense | 314.0m | 439.6m | 423.3m |

## R&D expense | 380.3m | 768.2m | 662.1m |

## General and administrative expense | 157.3m | 283.2m | 245.4m |

## Operating expense total | 851.6m | 1.5b | 1.3b |

## EBIT | (113.7m) | (494.0m) | (80.5m) |

| (10%) | (35%) | (5%) |

## Interest expense | 11.0m | ||

## Interest income | 7.1m | 12.5m | |

## Pre tax profit | (111.5m) | (480.1m) | (52.0m) |

## Income tax expense | 200.0k | 4.8m | 700.0k |

## Net Income | (111.7m) | (484.9m) | (52.7m) |

## EPS | (0.4) | (1.3) | (0.1) |

USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
---|---|---|---|---|---|---|---|---|

## Revenue | 316.3m | 339.2m | 360.3m | 385.6m | 401.5m | 428.2m | 455.0m | 467.4m |

## Cost of goods sold | 120.6m | 89.5m | 90.2m | 98.4m | 102.9m | 104.8m | 103.1m | 102.5m |

## Gross profit | 195.7m | 249.7m | 270.1m | 287.2m | 298.6m | 323.4m | 351.9m | 364.9m |

| 62% | 74% | 75% | 74% | 74% | 76% | 77% | 78% |

## Sales and marketing expense | 157.0m | 87.4m | 95.0m | 101.5m | 107.3m | 108.2m | 104.3m | 102.8m |

## R&D expense | 378.5m | 119.7m | 133.2m | 150.0m | 162.4m | 172.8m | 181.8m | 185.8m |

## General and administrative expense | 126.1m | 49.8m | 50.8m | 57.0m | 62.9m | 61.0m | 39.0m | 63.5m |

## Operating expense total | 661.6m | 256.9m | 279.0m | 308.5m | 332.6m | 342.0m | 325.1m | 352.1m |

## EBIT | (465.9m) | (7.2m) | (8.9m) | (21.3m) | (34.0m) | (18.6m) | 26.8m | 12.8m |

| (147%) | (2%) | (2%) | (6%) | (8%) | (4%) | 6% | 3% |

## Interest expense | 1.2m | |||||||

## Interest income | 2.0m | 2.4m | 3.7m | 3.2m | 3.0m | 2.4m | 100.0k | |

## Pre tax profit | (463.7m) | (3.0m) | (6.0m) | (13.4m) | (20.8m) | (15.4m) | 39.8m | 21.9m |

## Income tax expense | 1.8m | 1.1m | (200.0k) | 5.7m | 600.0k | 1.6m | 500.0k | 4.4m |

## Net Income | (465.5m) | (4.1m) | (5.8m) | (7.7m) | (21.4m) | (17.0m) | 39.3m | 17.5m |

## EPS | (2.1) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 |

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Cash | 430.0m | 519.3m | 551.3m |

## Accounts Receivable | 29.3m | 28.6m | 36.7m |

## Prepaid Expenses | 58.8m | 92.3m | 47.5m |

## Current Assets | 518.1m | 1.2b | 1.2b |

## PP&E | 341.9m | 310.6m | 445.3m |

## Goodwill | 98.9m | 96.5m | 234.5m |

## Total Assets | 1.0b | 1.7b | 2.7b |

## Accounts Payable | 31.9m | 33.3m | 40.7m |

## Short-term debt | 102.7m | 73.8m | 156.6m |

## Current Liabilities | 738.4m | 837.5m | 1.0b |

## Long-term debt | 71.6m | 89.9m | 850.1m |

## Total Debt | 174.3m | 163.7m | 1.0b |

## Total Liabilities | 917.0m | 1.0b | 1.9b |

## Preferred Stock | 615.3m | ||

## Additional Paid-in Capital | 533.1m | 2.3b | 2.5b |

## Retained Earnings | (1.0b) | (1.7b) | (1.7b) |

## Total Equity | 102.9m | 676.8m | 808.4m |

## Debt to Equity Ratio | 1.7 x | 0.2 x | 1.2 x |

## Debt to Assets Ratio | 0.2 x | 0.1 x | 0.4 x |

## Financial Leverage | 9.9 x | 2.5 x | 3.3 x |

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Net Income | (111.7m) | (484.9m) | (52.7m) |

## Depreciation and Amortization | 181.8m | 166.8m | 173.5m |

## Accounts Receivable | (14.4m) | 100.0k | (7.5m) |

## Accounts Payable | 16.2m | (1.7m) | 6.4m |

## Cash From Operating Activities | 330.3m | 425.4m | 528.5m |

## Capital Expenditures | (25.3m) | (63.0m) | (136.1m) |

## Cash From Investing Activities | (23.9m) | (633.8m) | (320.0m) |

## Long-term Borrowings | (135.3m) | (112.6m) | (92.9m) |

## Cash From Financing Activities | (231.7m) | 300.8m | (176.7m) |

## Net Change in Cash | 77.3m | 89.3m | 32.0m |

## Interest Paid | 10.8m | 8.3m | 9.8m |

## Income Taxes Paid | 3.4m | 1.4m | 600.0k |

## Free Cash Flow | 305.0m | 362.4m | 392.4m |

USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
---|---|---|---|---|---|---|---|---|

## Net Income | (465.5m) | (469.6m) | (475.4m) | (7.7m) | (29.1m) | (46.1m) | 39.3m | 56.8m |

## Depreciation and Amortization | 35.9m | 75.9m | 121.6m | 45.8m | 91.9m | 132.5m | 39.5m | 79.6m |

## Accounts Receivable | 3.6m | (1.9m) | 400.0k | (5.1m) | (8.5m) | (9.5m) | (1.2m) | (8.8m) |

## Accounts Payable | (2.8m) | (8.5m) | (3.9m) | (5.2m) | (1.8m) | (2.4m) | (7.8m) | (12.8m) |

## Cash From Operating Activities | 61.8m | 173.7m | 301.7m | 63.2m | 192.0m | 341.7m | 53.3m | 199.2m |

## Capital Expenditures | (9.9m) | (19.6m) | (27.6m) | (29.7m) | (63.4m) | (110.6m) | (27.8m) | (53.9m) |

## Cash From Investing Activities | (193.1m) | (497.6m) | (529.0m) | (173.3m) | (270.5m) | (278.8m) | (11.7m) | (189.6m) |

## Long-term Borrowings | (29.8m) | (58.3m) | (84.1m) | (26.2m) | (50.6m) | (71.8m) | (21.7m) | (43.4m) |

## Cash From Financing Activities | 365.0m | 399.4m | 335.0m | (51.0m) | (97.4m) | (137.3m) | (104.3m) | (226.2m) |

## Net Change in Cash | 235.3m | 74.1m | 106.2m | (160.1m) | (175.7m) | (76.1m) | (2.2m) | (217.2m) |

## Free Cash Flow | 51.9m | 154.1m | 274.1m | 33.5m | 128.6m | 231.1m | 25.5m | 145.3m |

USD | FY, 2017 |
---|---|

## Revenue/Employee | 595.7k |

## Debt/Equity | 1.7 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 9.9 x |

Dropbox's Registered Users was reported to be 600 m in Q2, 2020.

Nov, 2015 | FY, 2015 | Mar, 2016 | Jul, 2016 | FY, 2016 | Jan, 2017 | Q1, 2017 | FY, 2017 | Feb, 2018 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Jun, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Registered Users | 500 m | 500 m | 500 m | 500 m | 500 m | 500 m | 500 m | 500 m | 600 m | 600 m | 600 m | 600 m | ||||||||

## Paying Users | 6.50 m | 8.80 m | 9.30 m | 11 m | 11.50 m | 11.90 m | 12.30 m | 12.70 m | 13.20 m | 13.60 m | 13.60 m | 14 m | 14.30 m | 14.60 m | 15 m | |||||

## Paying Business Customers | 150 k | 150 k | 200 k | 300 k | 400 k | 450 k | ||||||||||||||

## ARPU | $113.54 | $110.54 | $110.79 | $111.91 | $114.30 | $116.66 | $118.60 | $117.64 | $121.04 | $120.48 | $120.48 | $123.15 | $117.64 | $126.30 | $126.88 | |||||

## Registered Developers | 500 k | 500 k | 750 k | |||||||||||||||||

## Total Connections Made by Users | 3.30 b | 4.50 b | 4.50 b | 4.50 b | ||||||||||||||||

## API Calls per Month | 50 b | 50 b | 50 b | |||||||||||||||||

## API Calls per Year | 500 b | |||||||||||||||||||

## Countries | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | |||||||||

## Patents Issued | 600 | 750 | 1 k | |||||||||||||||||

## Patent Applications | 600 | 600 | 500 | |||||||||||||||||

## Annualized Net Revenue Retention | 90% | |||||||||||||||||||

## Annualized Net Revenue Retention (Business Customers) | 100% | |||||||||||||||||||

## Cost per User | $62.68 | $44.39 | $10.05 | $33.54 | $10.49 | |||||||||||||||

## Languages | 21 | |||||||||||||||||||

## New Users | 100 m | |||||||||||||||||||

## Offices | 12 | |||||||||||||||||||

## Pieces of Content | 400 b |

Y, 2019 | Y, 2018 | Y, 2017 | Y, 2016 | |
---|---|---|---|---|

Male (Leadership), percent | 14.8 % | 16.3 % | 14.8 % | |

Female (Leadership), percent | 10.3 % | 8.8 % | 6.7 % | |

Male (New Hires), percent | 15.3 % | 14.8 % | 12.9 % | |

Female (New Hires), percent | 9.8 % | 10.3 % | 8.6 % | |

Male (Tech), percent | 18.8 % | 19.3 % | 16.5 % | 59 % |

Female (Tech), percent | 6.3 % | 5.8 % | 15.7 % | |

Male (Management), percent | 14.8 % | 15.5 % | 14.2 % | |

Female (Management), percent | 10.3 % | 9.5 % | 8.4 % | 25.4 % |

Other | 4.9 % |

Y, 2019 | Y, 2018 | Y, 2017 | Y, 2016 | Y, 2015 | |
---|---|---|---|---|---|

Female, percent | 39 % | 38 % | 36 % | 33 % | 32 % |

Male, percent | 61 % | 62 % | 64 % | 67 % | 68 % |

Y, 2019 | Y, 2018 | Y, 2017 | Y, 2016 | |
---|---|---|---|---|

White, percent | 48 % | 51 % | 54.5 % | 59 % |

Asian, percent | 34 % | 33.3 % | 31.7 % | 30 % |

Hispanic, percent | 9 % | 6.9 % | 5.9 % | 6 % |

Other | 9 % | 8.8 % | 7.9 % | 5 % |