Dropbox (DBX) stock price, revenue, and financials

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

DBX Mkt cap, 02-Mar-2021

$467.4 M

Dropbox Revenue Q2, 2020
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

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

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Dropbox Revenue Breakdown

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

Dropbox Income Statement

Annual

USDFY, 2017FY, 2018FY, 2019

Revenue

1.1b1.4b1.7b

Revenue growth, %

31%26%19%

Cost of goods sold

368.9m394.7m411.0m

Gross profit

737.9m997.0m1.3b

Gross profit Margin, %

67%72%75%

Sales and marketing expense

314.0m439.6m423.3m

R&D expense

380.3m768.2m662.1m

General and administrative expense

157.3m283.2m245.4m

Operating expense total

851.6m1.5b1.3b

EBIT

(113.7m)(494.0m)(80.5m)

EBIT margin, %

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

Interest expense

11.0m

Interest income

7.1m12.5m

Pre tax profit

(111.5m)(480.1m)(52.0m)

Income tax expense

200.0k4.8m700.0k

Net Income

(111.7m)(484.9m)(52.7m)

EPS

(0.4)(1.3)(0.1)

Quarterly

USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

316.3m339.2m360.3m385.6m401.5m428.2m455.0m467.4m

Cost of goods sold

120.6m89.5m90.2m98.4m102.9m104.8m103.1m102.5m

Gross profit

195.7m249.7m270.1m287.2m298.6m323.4m351.9m364.9m

Gross profit Margin, %

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

Sales and marketing expense

157.0m87.4m95.0m101.5m107.3m108.2m104.3m102.8m

R&D expense

378.5m119.7m133.2m150.0m162.4m172.8m181.8m185.8m

General and administrative expense

126.1m49.8m50.8m57.0m62.9m61.0m39.0m63.5m

Operating expense total

661.6m256.9m279.0m308.5m332.6m342.0m325.1m352.1m

EBIT

(465.9m)(7.2m)(8.9m)(21.3m)(34.0m)(18.6m)26.8m12.8m

EBIT margin, %

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

Interest expense

1.2m

Interest income

2.0m2.4m3.7m3.2m3.0m2.4m100.0k

Pre tax profit

(463.7m)(3.0m)(6.0m)(13.4m)(20.8m)(15.4m)39.8m21.9m

Income tax expense

1.8m1.1m(200.0k)5.7m600.0k1.6m500.0k4.4m

Net Income

(465.5m)(4.1m)(5.8m)(7.7m)(21.4m)(17.0m)39.3m17.5m

EPS

(2.1)0.00.00.00.00.00.10.0

Dropbox Balance Sheet

Annual

USDFY, 2017FY, 2018FY, 2019

Cash

430.0m519.3m551.3m

Accounts Receivable

29.3m28.6m36.7m

Prepaid Expenses

58.8m92.3m47.5m

Current Assets

518.1m1.2b1.2b

PP&E

341.9m310.6m445.3m

Goodwill

98.9m96.5m234.5m

Total Assets

1.0b1.7b2.7b

Accounts Payable

31.9m33.3m40.7m

Short-term debt

102.7m73.8m156.6m

Current Liabilities

738.4m837.5m1.0b

Long-term debt

71.6m89.9m850.1m

Total Debt

174.3m163.7m1.0b

Total Liabilities

917.0m1.0b1.9b

Preferred Stock

615.3m

Additional Paid-in Capital

533.1m2.3b2.5b

Retained Earnings

(1.0b)(1.7b)(1.7b)

Total Equity

102.9m676.8m808.4m

Debt to Equity Ratio

1.7 x0.2 x1.2 x

Debt to Assets Ratio

0.2 x0.1 x0.4 x

Financial Leverage

9.9 x2.5 x3.3 x

Quarterly

USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

665.3m504.1m536.2m359.2m343.6m443.2m486.4m334.1m

Accounts Receivable

26.2m31.2m28.6m34.1m37.6m38.4m36.9m45.6m

Prepaid Expenses

57.7m86.8m96.0m58.3m57.3m64.3m57.5m59.1m

Current Assets

929.9m1.1b1.2b1.0b1.0b1.1b1.2b1.2b

PP&E

345.6m330.8m295.9m340.9m369.3m416.6m473.2m475.6m

Goodwill

99.0m97.8m98.0m230.4m230.9m231.8m233.3m234.7m

Total Assets

1.4b1.6b1.6b2.1b2.4b2.5b2.7b2.7b

Accounts Payable

29.4m24.0m27.9m27.4m31.8m31.3m38.8m26.3m

Short-term debt

92.8m87.1m80.5m144.8m147.2m146.9m164.4m166.4m

Current Liabilities

746.1m793.3m815.1m865.8m903.1m948.3m970.8m981.8m

Long-term debt

77.2m73.1m82.4m548.2m721.0m754.2m919.5m923.4m

Total Debt

170.0m160.2m162.9m693.0m868.2m901.1m1.1b1.1b

Total Liabilities

928.5m971.5m979.7m1.4b1.6b1.7b1.9b1.9b

Additional Paid-in Capital

2.1b2.2b2.3b2.4b2.4b2.5b2.5b2.6b

Retained Earnings

(1.6b)(1.6b)(1.6b)(1.7b)(1.7b)(1.7b)(1.7b)(1.8b)

Total Equity

510.2m630.9m643.4m704.9m730.2m762.6m800.4m803.4m

Debt to Equity Ratio

0.3 x0.3 x0.3 x1 x1.2 x1.2 x1.4 x1.4 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.3 x0.4 x0.4 x0.4 x0.4 x

Financial Leverage

2.8 x2.5 x2.5 x3 x3.2 x3.3 x3.4 x3.4 x

Dropbox Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019

Net Income

(111.7m)(484.9m)(52.7m)

Depreciation and Amortization

181.8m166.8m173.5m

Accounts Receivable

(14.4m)100.0k(7.5m)

Accounts Payable

16.2m(1.7m)6.4m

Cash From Operating Activities

330.3m425.4m528.5m

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

77.3m89.3m32.0m

Interest Paid

10.8m8.3m9.8m

Income Taxes Paid

3.4m1.4m600.0k

Free Cash Flow

305.0m362.4m392.4m

Quarterly

USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(465.5m)(469.6m)(475.4m)(7.7m)(29.1m)(46.1m)39.3m56.8m

Depreciation and Amortization

35.9m75.9m121.6m45.8m91.9m132.5m39.5m79.6m

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

61.8m173.7m301.7m63.2m192.0m341.7m53.3m199.2m

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

365.0m399.4m335.0m(51.0m)(97.4m)(137.3m)(104.3m)(226.2m)

Net Change in Cash

235.3m74.1m106.2m(160.1m)(175.7m)(76.1m)(2.2m)(217.2m)

Free Cash Flow

51.9m154.1m274.1m33.5m128.6m231.1m25.5m145.3m

Dropbox Ratios

USDFY, 2017

Revenue/Employee

595.7k

Debt/Equity

1.7 x

Debt/Assets

0.2 x

Financial Leverage

9.9 x

Dropbox Operating Metrics

Dropbox's Registered Users was reported to be 600 m in Q2, 2020.
Nov, 2015FY, 2015Mar, 2016Jul, 2016FY, 2016Jan, 2017Q1, 2017FY, 2017Feb, 2018Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Jun, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020

Registered Users

500 m500 m500 m500 m500 m500 m500 m500 m600 m600 m600 m600 m

Paying Users

6.50 m8.80 m9.30 m11 m11.50 m11.90 m12.30 m12.70 m13.20 m13.60 m13.60 m14 m14.30 m14.60 m15 m

Paying Business Customers

150 k150 k200 k300 k400 k450 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 k500 k750 k

Total Connections Made by Users

3.30 b4.50 b4.50 b4.50 b

API Calls per Month

50 b50 b50 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

Dropbox Human Capital

Job Roles

Y, 2019Y, 2018Y, 2017Y, 2016
Male (Leadership), percent14.8 %16.3 %14.8 %
Female (Leadership), percent10.3 %8.8 %6.7 %
Male (New Hires), percent15.3 %14.8 %12.9 %
Female (New Hires), percent9.8 %10.3 %8.6 %
Male (Tech), percent18.8 %19.3 %16.5 %59 %
Female (Tech), percent6.3 %5.8 %15.7 %
Male (Management), percent14.8 %15.5 %14.2 %
Female (Management), percent10.3 %9.5 %8.4 %25.4 %
Other4.9 %

Gender

Y, 2019Y, 2018Y, 2017Y, 2016Y, 2015
Female, percent39 %38 %36 %33 %32 %
Male, percent61 %62 %64 %67 %68 %

Ethnicity

Y, 2019Y, 2018Y, 2017Y, 2016
White, percent48 %51 %54.5 %59 %
Asian, percent34 %33.3 %31.7 %30 %
Hispanic, percent9 %6.9 %5.9 %6 %
Other9 %8.8 %7.9 %5 %

Dropbox Employee Rating

3.9670 votes
Culture & Values
4.3
Work/Life Balance
4.2
Senior Management
3.6
Salary & Benefits
4.3
Career Opportunities
3.6
Source
View Dropbox profile

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