Dropbox market cap is $9.3 b, and annual revenue was $1.39 b in FY 2018

Dropbox Gross profit (Q3, 2019)323.4 M

Dropbox Gross profit margin (Q3, 2019), %75.5%

Dropbox Net income (Q3, 2019)-17 M

Dropbox EBIT (Q3, 2019)-18.6 M

Dropbox Cash, 30-Sept-2019443.2 M

Dropbox EV9.7 B

Dropbox revenue was $1.39 b in FY, 2018 which is a 25.7% year over year increase from the previous period.

Dropbox revenue breakdown by geographic segment: 49.2% from International and 50.8% from United States

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Revenue | 844.8m | 1.1b | 1.4b |

| 40% | 31% | 26% |

## Cost of goods sold | 390.6m | 368.9m | 394.7m |

## Gross profit | 454.2m | 737.9m | 997.0m |

| 54% | 67% | 72% |

## Sales and marketing expense | 250.6m | 314.0m | 439.6m |

## R&D expense | 289.7m | 380.3m | 768.2m |

## General and administrative expense | 107.4m | 157.3m | 283.2m |

## Operating expense total | 647.7m | 851.6m | 1.5b |

## EBIT | (193.5m) | (113.7m) | (494.0m) |

| (23%) | (10%) | (35%) |

## Interest expense | 16.4m | 11.0m | |

## Interest income | 7.1m | ||

## Pre tax profit | (205.0m) | (111.5m) | (480.1m) |

## Income tax expense | 5.2m | 200.0k | 4.8m |

## Net Income | (210.2m) | (111.7m) | (484.9m) |

## EPS | (0.7) | (0.4) | (1.3) |

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Cash | 352.7m | 430.0m | 519.3m |

## Accounts Receivable | 13.2m | 29.3m | 28.6m |

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

## Current Assets | 413.4m | 518.1m | 1.2b |

## PP&E | 444.0m | 341.9m | 310.6m |

## Goodwill | 96.0m | 98.9m | 96.5m |

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

## Accounts Payable | 15.5m | 31.9m | 33.3m |

## Short-term debt | 127.6m | 102.7m | 73.8m |

## Current Liabilities | 635.3m | 738.4m | 837.5m |

## Long-term debt | 129.6m | 71.6m | 89.9m |

## Total Debt | 257.2m | 174.3m | 163.7m |

## Total Liabilities | 881.4m | 917.0m | 1.0b |

## Preferred Stock | 615.3m | 615.3m | |

## Additional Paid-in Capital | 446.0m | 533.1m | 2.3b |

## Retained Earnings | (937.5m) | (1.0b) | (1.7b) |

## Total Equity | 122.8m | 102.9m | 676.8m |

## Debt to Equity Ratio | 2.1 x | 1.7 x | 0.2 x |

## Debt to Assets Ratio | 0.3 x | 0.2 x | 0.1 x |

## Financial Leverage | 8.2 x | 9.9 x | 2.5 x |

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

## Cash | 665.3m | 504.1m | 536.2m | 359.2m | 343.6m | 443.2m |

## Accounts Receivable | 26.2m | 31.2m | 28.6m | 34.1m | 37.6m | 38.4m |

## Prepaid Expenses | 57.7m | 86.8m | 96.0m | 58.3m | 57.3m | 64.3m |

## Current Assets | 929.9m | 1.1b | 1.2b | 1.0b | 1.0b | 1.1b |

## PP&E | 345.6m | 330.8m | 295.9m | 340.9m | 369.3m | 416.6m |

## Goodwill | 99.0m | 97.8m | 98.0m | 230.4m | 230.9m | 231.8m |

## Total Assets | 1.4b | 1.6b | 1.6b | 2.1b | 2.4b | 2.5b |

## Accounts Payable | 29.4m | 24.0m | 27.9m | 27.4m | 31.8m | 31.3m |

## Short-term debt | 92.8m | 87.1m | 80.5m | 144.8m | 147.2m | 146.9m |

## Current Liabilities | 746.1m | 793.3m | 815.1m | 865.8m | 903.1m | 948.3m |

## Long-term debt | 77.2m | 73.1m | 82.4m | 548.2m | 721.0m | 754.2m |

## Total Debt | 170.0m | 160.2m | 162.9m | 693.0m | 868.2m | 901.1m |

## Total Liabilities | 928.5m | 971.5m | 979.7m | 1.4b | 1.6b | 1.7b |

## Additional Paid-in Capital | 2.1b | 2.2b | 2.3b | 2.4b | 2.4b | 2.5b |

## Retained Earnings | (1.6b) | (1.6b) | (1.6b) | (1.7b) | (1.7b) | (1.7b) |

## Total Equity | 510.2m | 630.9m | 643.4m | 704.9m | 730.2m | 762.6m |

## Debt to Equity Ratio | 0.3 x | 0.3 x | 0.3 x | 1 x | 1.2 x | 1.2 x |

## Debt to Assets Ratio | 0.1 x | 0.1 x | 0.1 x | 0.3 x | 0.4 x | 0.4 x |

## Financial Leverage | 2.8 x | 2.5 x | 2.5 x | 3 x | 3.2 x | 3.3 x |

USD | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|

## Net Income | (210.2m) | (111.7m) | (484.9m) |

## Depreciation and Amortization | 191.6m | 181.8m | 166.8m |

## Accounts Receivable | 1.0m | (14.4m) | 100.0k |

## Accounts Payable | 5.5m | 16.2m | (1.7m) |

## Cash From Operating Activities | 252.6m | 330.3m | 425.4m |

## Capital Expenditures | (115.2m) | (25.3m) | (63.0m) |

## Cash From Investing Activities | (118.0m) | (23.9m) | (633.8m) |

## Long-term Borrowings | (139.5m) | (135.3m) | (112.6m) |

## Cash From Financing Activities | (134.5m) | (231.7m) | 300.8m |

## Net Change in Cash | (4.2m) | 77.3m | 89.3m |

## Interest Paid | 14.9m | 10.8m | 8.3m |

## Income Taxes Paid | 1.5m | 3.4m | 1.4m |

## Free Cash Flow | 137.4m | 305.0m | 362.4m |

USD | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|

## Net Income | (33.1m) | (59.9m) | (465.5m) | (469.6m) | (475.4m) | (7.7m) | (29.1m) | (46.1m) |

## Depreciation and Amortization | 48.0m | 94.4m | 35.9m | 75.9m | 121.6m | 45.8m | 91.9m | 132.5m |

## Accounts Receivable | (400.0k) | (9.1m) | 3.6m | (1.9m) | 400.0k | (5.1m) | (8.5m) | (9.5m) |

## Accounts Payable | 800.0k | 2.6m | (2.8m) | (8.5m) | (3.9m) | (5.2m) | (1.8m) | (2.4m) |

## Cash From Operating Activities | 61.6m | 147.7m | 61.8m | 173.7m | 301.7m | 63.2m | 192.0m | 341.7m |

## Capital Expenditures | (5.1m) | (8.8m) | (9.9m) | (19.6m) | (27.6m) | (29.7m) | (63.4m) | (110.6m) |

## Cash From Investing Activities | (4.1m) | (7.7m) | (193.1m) | (497.6m) | (529.0m) | (173.3m) | (270.5m) | (278.8m) |

## Long-term Borrowings | (34.6m) | (69.3m) | (29.8m) | (58.3m) | (84.1m) | (26.2m) | (50.6m) | (71.8m) |

## Cash From Financing Activities | (59.8m) | (98.4m) | 365.0m | 399.4m | 335.0m | (51.0m) | (97.4m) | (137.3m) |

## Net Change in Cash | (1.5m) | 43.0m | 235.3m | 74.1m | 106.2m | (160.1m) | (175.7m) | (76.1m) |

## Free Cash Flow | 56.5m | 138.9m | 51.9m | 154.1m | 274.1m | 33.5m | 128.6m | 231.1m |

USD | FY, 2016 |
---|---|

## Debt/Equity | 2.1 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 8.2 x |

Dropbox's Registered Users was reported to be 600 m in Q3, 2019.

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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

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

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

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

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

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

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

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

## Patents Issued | 600 | 750 | |||||||||||||||

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

## 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 % |