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 |
Revenue growth, % | 31% | 26% | 19% |
Cost of goods sold | 368.9m | 394.7m | 411.0m |
Gross profit | 737.9m | 997.0m | 1.3b |
Gross profit Margin, % | 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) |
EBIT margin, % | (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 |
Gross profit Margin, % | 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 |
EBIT margin, % | (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 |
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 % |