Dropbox (DBX) stock price, revenue and financials

+0.09 (+0.35%)

$10.3 B

DBX Mkt cap, 13-Feb-2019

Dropbox Revenue Q3, 2018

Dropbox Gross profit (Q3, 2018)270.1 M

Dropbox Gross profit margin (Q3, 2018), %75%

Dropbox Net income (Q3, 2018)-5.8 M

Dropbox EBIT (Q3, 2018)-8.9 M

Dropbox Cash, 30-Sep-2018536.2 M

Dropbox EV10 B

Dropbox revenue was $1.11 b in FY, 2017 which is a 31% year over year increase from the previous period.

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Dropbox revenue breakdown by geographic segment: 48.0% from International and 52.0% from United States

	Date	Shares Issued	Share Price	Amount Raised	Post-money Valuation	Valuation Step-up
Seed	Jun 2007			$15.0 k
Series A	Oct 2008	78,023,640	$0.02	$1.3 m
Series A	Nov 2008	95,810,910	$0.06	$6.0 m	$26.5 m
Series B	Feb 2012	29,268,103	$9.05	$264.8 m	$4.2 b	158.1
Series C	Jan 2014	23,558,728	$19.1	$450.0 m	$10.0 b	2.4
Late	Apr 2014			$500.0 m
Late	Mar 2017			$600.0 m

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USD	FY, 2015	FY, 2016	FY, 2017
Revenue	603.8m	844.8m	1.1b
Revenue growth, %		40%	31%
Cost of goods sold	407.4m	390.6m	368.9m
Gross profit	196.4m	454.2m	737.9m
Gross profit Margin, %	33%	54%	67%
Sales and marketing expense	193.1m	250.6m	314.0m
R&D expense	201.6m	289.7m	380.3m
General and administrative expense	107.9m	107.4m	157.3m
Operating expense total	502.6m	647.7m	851.6m
EBIT	(306.2m)	(193.5m)	(113.7m)
EBIT margin, %	(51%)	(23%)	(10%)
Interest expense	15.2m	16.4m	11.0m
Pre tax profit	(325.6m)	(205.0m)	(111.5m)
Income tax expense	300.0k	5.2m	200.0k
Net Income	(325.9m)	(210.2m)	(111.7m)

USD	Q1, 2016	Q2, 2016	Q3, 2016	Q4, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q4, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Revenue	185.0m	200.8m	221.0m	238.0m	247.9m	266.7m	286.7m	305.5m	316.3m	339.2m	360.3m
Cost of goods sold	98.8m	102.7m	98.8m	89.3m	93.5m	92.2m	91.5m	91.7m	120.6m	89.5m	90.2m
Gross profit	86.2m	98.1m	122.2m	148.7m	154.4m	174.5m	195.2m	213.8m	195.7m	249.7m	270.1m
Gross profit Margin, %	47%	49%	55%	62%	62%	65%	68%	70%	62%	74%	75%
Sales and marketing expense	73.8m	57.5m	55.4m	63.9m	67.2m	69.2m	74.7m	102.9m	157.0m	87.4m	95.0m
R&D expense	67.9m	72.6m	75.1m	74.1m	89.3m	89.8m	97.2m	104.0m	378.5m	119.7m	133.2m
General and administrative expense	25.3m	18.4m	32.8m	30.9m	31.3m	42.2m	39.6m	44.2m	126.1m	49.8m	50.8m
Operating expense total	167.0m	148.5m	163.3m	168.9m	187.8m	201.2m	211.5m	251.1m	661.6m	256.9m	279.0m
EBIT	(81.8m)	(50.4m)	(41.1m)	(20.2m)	(33.4m)	(26.7m)	(16.3m)	(37.3m)	(465.9m)	(7.2m)	(8.9m)
EBIT margin, %	(44%)	(25%)	(19%)	(8%)	(13%)	(10%)	(6%)	(12%)	(147%)	(2%)	(2%)
Interest expense					4.2m	3.0m			1.2m
Interest income										2.0m	2.4m
Pre tax profit					(32.8m)	(26.4m)			(463.7m)	(3.0m)	(6.0m)
Income tax expense					300.0k	400.0k			1.8m	1.1m	200.0k
Net Income					(33.1m)	(26.8m)			(465.5m)	(4.1m)	(5.8m)

USD	Q1, 2018	Q2, 2018	Q3, 2018
Cash	665.3m	504.1m	536.2m
Accounts Receivable	26.2m	31.2m	28.6m
Prepaid Expenses	57.7m	86.8m	96.0m
Current Assets	929.9m	1.1b	1.2b
PP&E	345.6m	330.8m	295.9m
Goodwill	99.0m	97.8m	98.0m
Total Assets	1.4b	1.6b	1.6b
Accounts Payable	29.4m	24.0m	27.9m
Short-term debt	92.8m	87.1m	80.5m
Current Liabilities	746.1m	793.3m	815.1m
Long-term debt	77.2m	73.1m	82.4m
Total Debt	170.0m	160.2m	162.9m
Total Liabilities	928.5m	971.5m	979.7m
Additional Paid-in Capital	2.1b	2.2b	2.3b
Retained Earnings	(1.6b)	(1.6b)	(1.6b)
Total Equity	510.2m	630.9m	643.4m
Debt to Equity Ratio	0.3 x	0.3 x	0.3 x
Debt to Assets Ratio	0.1 x	0.1 x	0.1 x
Financial Leverage	2.8 x	2.5 x	2.5 x

USD	FY, 2015	FY, 2016	FY, 2017
Net Income	(325.9m)	(210.2m)	(111.7m)
Depreciation and Amortization	149.6m	191.6m	181.8m
Accounts Receivable	(9.9m)	1.0m	(14.4m)
Accounts Payable	9.2m	5.5m	16.2m
Cash From Operating Activities	14.8m	252.6m	330.3m
Cash From Investing Activities	(85.6m)	(118.0m)	(23.9m)
Long-term Borrowings	(103.0m)	(139.5m)	(135.3m)
Cash From Financing Activities	(89.6m)	(134.5m)	(231.7m)
Net Change in Cash	(161.3m)	(4.2m)	77.3m
Interest Paid	13.2m	14.9m	10.8m
Income Taxes Paid	200.0k	1.5m	3.4m
Free Cash Flow	(63.9m)	137.4m	305.0m

USD	Q1, 2017	Q2, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Net Income	(33.1m)	(59.9m)	(465.5m)	(469.6m)	(475.4m)
Depreciation and Amortization	48.0m	94.4m	35.9m	75.9m	121.6m
Accounts Receivable	(400.0k)	(9.1m)	3.6m	(1.9m)	400.0k
Accounts Payable	800.0k	2.6m	(2.8m)	(8.5m)	(3.9m)
Cash From Operating Activities	61.6m	147.7m	61.8m	173.7m	301.7m
Cash From Investing Activities	(4.1m)	(7.7m)	(193.1m)	(497.6m)	(529.0m)
Long-term Borrowings	(34.6m)	(69.3m)	(29.8m)	(58.3m)	(84.1m)
Cash From Financing Activities	(59.8m)	(98.4m)	365.0m	399.4m	335.0m
Net Change in Cash	(1.5m)	43.0m	235.3m	74.1m	106.2m
Free Cash Flow	56.5m	138.9m	51.9m	154.1m	274.1m

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Dropbox's Registered Users was reported to be 500 m in Q1, 2018. Dropbox's Connections was reported to be 4.5 b in Feb, 2018.

	Nov, 2015	FY, 2015	Mar, 2016	Jul, 2016	FY, 2016	Jan, 2017	Q1, 2017	FY, 2017	Feb, 2018	Q1, 2018
Paying Users		6.50 m			8.80 m		9.30 m	11 m		11.50 m
ARPU		$113.54			$110.54		$110.79	$111.91		$114.30
Registered Users			500 m						500 m	500 m
Paying Business Customers	150 k		150 k	200 k				300 k
Patents Issued									600
Patent Applications									600
Connections									4.50 b
Pieces of Content									400 b
Countries									180	180
API Calls per Month								50 b
API Calls per Year			500 b
Total Connections Made by Users			3.30 b
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
Registered Developers								500 k

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	FY, 2017	FY, 2016	Q3, 2015
Male Management, percent	24.8 %
Female employees in the Technical Department	8.6 %	15.7 %
Male employees in the Technical Department	28.9 %	59 %
Female Management, percent	14.7 %	25.4 %
Female Engineers, percent			10.9 %
Male Engineers, percent			89.1 %