Dropbox (DBX) stock price, revenue, and financials

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

DBX Mkt cap, 06-Jul-2020

$428.2 M

Dropbox Revenue Q3, 2019
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

Dropbox revenue was $1.39 b in FY, 2018 which is a 25.7% 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: 49.2% from International and 50.8% from United States

Dropbox Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018

Revenue

844.8m1.1b1.4b

Revenue growth, %

40%31%26%

Cost of goods sold

390.6m368.9m394.7m

Gross profit

454.2m737.9m997.0m

Gross profit Margin, %

54%67%72%

Sales and marketing expense

250.6m314.0m439.6m

R&D expense

289.7m380.3m768.2m

General and administrative expense

107.4m157.3m283.2m

Operating expense total

647.7m851.6m1.5b

EBIT

(193.5m)(113.7m)(494.0m)

EBIT margin, %

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

Interest expense

16.4m11.0m

Interest income

7.1m

Pre tax profit

(205.0m)(111.5m)(480.1m)

Income tax expense

5.2m200.0k4.8m

Net Income

(210.2m)(111.7m)(484.9m)

EPS

(0.7)(0.4)(1.3)

Quarterly

USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

247.9m266.7m286.7m316.3m339.2m360.3m385.6m401.5m428.2m

Cost of goods sold

93.5m92.2m91.5m120.6m89.5m90.2m98.4m102.9m104.8m

Gross profit

154.4m174.5m195.2m195.7m249.7m270.1m287.2m298.6m323.4m

Gross profit Margin, %

62%65%68%62%74%75%74%74%76%

Sales and marketing expense

67.2m69.2m74.7m157.0m87.4m95.0m101.5m107.3m108.2m

R&D expense

89.3m89.8m97.2m378.5m119.7m133.2m150.0m162.4m172.8m

General and administrative expense

31.3m42.2m39.6m126.1m49.8m50.8m57.0m62.9m61.0m

Operating expense total

187.8m201.2m211.5m661.6m256.9m279.0m308.5m332.6m342.0m

EBIT

(33.4m)(26.7m)(16.3m)(465.9m)(7.2m)(8.9m)(21.3m)(34.0m)(18.6m)

EBIT margin, %

(13%)(10%)(6%)(147%)(2%)(2%)(6%)(8%)(4%)

Interest expense

4.2m3.0m2.2m1.2m

Interest income

2.0m2.4m3.7m3.2m3.0m

Pre tax profit

(32.8m)(26.4m)(13.6m)(463.7m)(3.0m)(6.0m)(13.4m)(20.8m)(15.4m)

Income tax expense

300.0k400.0k500.0k1.8m1.1m(200.0k)5.7m600.0k1.6m

Net Income

(33.1m)(26.8m)(14.1m)(465.5m)(4.1m)(5.8m)(7.7m)(21.4m)(17.0m)

EPS

(2.1)0.00.00.00.00.0

Dropbox Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018

Cash

352.7m430.0m519.3m

Accounts Receivable

13.2m29.3m28.6m

Prepaid Expenses

47.5m58.8m92.3m

Current Assets

413.4m518.1m1.2b

PP&E

444.0m341.9m310.6m

Goodwill

96.0m98.9m96.5m

Total Assets

1.0b1.0b1.7b

Accounts Payable

15.5m31.9m33.3m

Short-term debt

127.6m102.7m73.8m

Current Liabilities

635.3m738.4m837.5m

Long-term debt

129.6m71.6m89.9m

Total Debt

257.2m174.3m163.7m

Total Liabilities

881.4m917.0m1.0b

Preferred Stock

615.3m615.3m

Additional Paid-in Capital

446.0m533.1m2.3b

Retained Earnings

(937.5m)(1.0b)(1.7b)

Total Equity

122.8m102.9m676.8m

Debt to Equity Ratio

2.1 x1.7 x0.2 x

Debt to Assets Ratio

0.3 x0.2 x0.1 x

Financial Leverage

8.2 x9.9 x2.5 x

Quarterly

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

Cash

665.3m504.1m536.2m359.2m343.6m443.2m

Accounts Receivable

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

Prepaid Expenses

57.7m86.8m96.0m58.3m57.3m64.3m

Current Assets

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

PP&E

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

Goodwill

99.0m97.8m98.0m230.4m230.9m231.8m

Total Assets

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

Accounts Payable

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

Short-term debt

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

Current Liabilities

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

Long-term debt

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

Total Debt

170.0m160.2m162.9m693.0m868.2m901.1m

Total Liabilities

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

Additional Paid-in Capital

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

Retained Earnings

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

Total Equity

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

Debt to Equity Ratio

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

Debt to Assets Ratio

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

Financial Leverage

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

Dropbox Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018

Net Income

(210.2m)(111.7m)(484.9m)

Depreciation and Amortization

191.6m181.8m166.8m

Accounts Receivable

1.0m(14.4m)100.0k

Accounts Payable

5.5m16.2m(1.7m)

Cash From Operating Activities

252.6m330.3m425.4m

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)77.3m89.3m

Interest Paid

14.9m10.8m8.3m

Income Taxes Paid

1.5m3.4m1.4m

Free Cash Flow

137.4m305.0m362.4m

Quarterly

USDQ1, 2017Q2, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(33.1m)(59.9m)(465.5m)(469.6m)(475.4m)(7.7m)(29.1m)(46.1m)

Depreciation and Amortization

48.0m94.4m35.9m75.9m121.6m45.8m91.9m132.5m

Accounts Receivable

(400.0k)(9.1m)3.6m(1.9m)400.0k(5.1m)(8.5m)(9.5m)

Accounts Payable

800.0k2.6m(2.8m)(8.5m)(3.9m)(5.2m)(1.8m)(2.4m)

Cash From Operating Activities

61.6m147.7m61.8m173.7m301.7m63.2m192.0m341.7m

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

Net Change in Cash

(1.5m)43.0m235.3m74.1m106.2m(160.1m)(175.7m)(76.1m)

Free Cash Flow

56.5m138.9m51.9m154.1m274.1m33.5m128.6m231.1m

Dropbox Ratios

USDFY, 2016

Debt/Equity

2.1 x

Debt/Assets

0.3 x

Financial Leverage

8.2 x

Dropbox Operating Metrics

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

Registered Users

500 m500 m500 m500 m500 m500 m500 m500 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 m

Paying Business Customers

150 k150 k200 k300 k400 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 k500 k

Total Connections Made by Users

3.30 b4.50 b4.50 b

API Calls per Month

50 b50 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

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

4532 votes
Culture & Values
4.3
Work/Life Balance
4.2
Senior Management
3.7
Salary & Benefits
4.4
Career Opportunities
3.8
Source
View Dropbox profile

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