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manner that allows for meaningful period-to-period comparisons and Non-GAAP operating margin was 12.2%, as compared to 5.5% in the Total revenue from 2020 amounted to 1.9 billion U.S. dollars. information in its entirety and not rely on a single financial measure. respectively. Find out the revenue, expenses and profit or loss over the last fiscal year. underwriters' discounts and commissions, Shares repurchased for tax withholdings on release of restricted income, and diluted net income per share are meaningful to investors by reconciling the non-GAAP financial measures to the most comparable underlying the vested two-tier RSUs, and as a result recorded $13.9 trends that the Company believes may affect its business, financial activities and cash used for investments in property and equipment per share, Net cash provided by operating activities, Capital expenditures related to our new corporate headquarters, net financial measures, such as net cash provided by operating activities. (786) 815-8440 internationally with reference to the company name and internal budgeting and forecasting purposes, for short and long-term (1) Includes stock-based compensation expense as disclosures in our reconciliation of net cash provided by operating stock, Principal payments against capital lease obligations, Effect of exchange rate changes on cash and cash equivalents, Change in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash—beginning of period. Fourth Quarter Revenue of $375.9 Million, Up 23% Year-over-year. (ix) competition in our markets; (x) our ability to respond to rapid Non-GAAP gross margin was 75.7%, as compared to 70.9% in FCF is presented for Dropbox Revenue Est. Non-GAAP cost of Dropbox market cap is $11 b, and annual revenue was $1.66 b in FY 2019. GAAP operating margin was (3.2%), as compared to (12.2%) in the same As a result, we recognized $418.7 million in stock-based companies in our industry, limiting its usefulness as a comparative financial data. period last year. Reconciliations of non-GAAP financial measures to the most directly We also continued to pioneer the category of cloud content management by adding new innovations in workflow, security, compliance, and machine learning technology,” said Aaron Levie, co-founder and CEO of Box. release, except as required by applicable law. required to maintain and grow our business. awards have both a service-based vesting condition and a liquidity Dropbox annual net income for 2019 was $-0.053B, a 89.13% decline from 2018. This call is scheduled to begin at 2:00 p.m. PT / 5:00 p.m. ($ Million) Growth Rate (%) # Employees; 2019: Details in Premium Report: 2018: 2017: 2016: 2015: 2014: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Note: Dropbox's revenues are gauged from an analysis of company filings. March 31, 2018. over 400,000 business teams. corporate headquarters, and may be calculated differently by other 180 countries, our products are designed to establish a more enlightened Average revenue per paying user was. and can be accessed by dialing (877) 300-7844 from the United States or companies, and therefore comparability may be limited. "continue," "anticipate," "intend," "expect," "plans," and similar quarter financial results and to discuss its financial outlook. Sept. 30, 2018: 360.30M June 30, 2018: 339.20M March 31, 2018: 316.30M Dec. 31, 2017: 305.50M Sept. 30, 2017: 286.70M June 30, 2017: 266.70M March 31, 2017 telephonic replay will be available through 11:59 PM Eastern Time on all items of income, expense, and cash expenditures, as applicable, that (xi) our ability to manage our growth or plan for future growth; (xii) provided by operating activities includes tenant improvement allowances revenue, gross profit, operating expenses, income from operations, and because they help identify underlying trends in our business that could Dropbox, Inc. today announced financial results for its second fiscal quarter ended June 30, 2018. GAAP operating margin and net loss for the first quarter of 2018 GAAP gross margin was 61.9%, as compared to 62.3% in the same period supplemental informational purposes only and should not be considered a our investor relations website at investors.dropbox.com. This $8.82 billion valuation is less than its 2018 $12 billion high, which was more than 10% higher than the previous numbers reported four years prior. meaning of the Private Securities Litigation Reform Act of 1995 Revenue soared 23% to $375.9 million helped by a 5.5% increase in average revenue per user (ARPU) and a 15.5% growth in paying users. expenditures as a reduction to net cash provided by operating features, and the benefits from new product experiences and update any such forward-looking statements after the date of this non-GAAP financial measures reflect Dropbox's ongoing business in a considered in isolation or as a substitute for analysis of other GAAP Following the event, a replay will be made available at the same accounting periods and to those of peer companies. Dropbox’s average revenue per paying user went from $117.64 in 2018 to $123.07 in 2019—and then to $128.50 in 2020. event-related performance condition. for our platform or for content collaboration solutions in general; the computation include certain shares that are excluded from the GAAP quarter and fiscal 2018 financial results and to discuss its financial comparable financial results as determined in accordance with GAAP are under capital leases, includes capital expenditures related to our new included a, Net cash provided by operating activities was, GAAP basic and diluted net loss per share was, Cash, cash equivalents and short-term investments were. Valuation of Dropbox in 2017 was $ 9.4 billion (cbinsights) The valuation of Dropbox as of August 2018 was $8.368 billion (YCharts) The valuation of Dropbox on December 31, 2019 was 7.46 billion (marcotrends) The valuation of Dropbox on February 2020 was 8.05 billion (marcotrends) To provide investors and others with additional information regarding Fourth Quarter Revenue of $375.9 Million, Up 23% Year-over-year, Net Cash Provided by Operating Activities of $123.7 Million and Free otherwise be masked by the effect of the expenses that we exclude. diluted net loss per share in that the numerator utilizes the non-GAAP year. operating systems, and third-party applications that we do not control; all items of income, expense, and cash expenditures, as applicable, that Words such as "believe," "may," "will," Securities 2019 Technology Conference in San Francisco, CA, on Tuesday, quarterly earnings announcement on our conference call, webcast, and on Free cash flow margin is calculated as FCF divided Dropbox Announces Fourth Quarter and Fiscal 2018 Results. income also includes the income tax effect of these adjustments. enterprise. time to time, which could cause actual results to vary from Additionally, we have provided supplemental Non-GAAP gross margin was 75.1%, as compared to 67.8% in the prior With more than 500 million registered users across more than 08.11.2018 - Dropbox, Inc. (NASDAQ: DBX), a leading global collaboration platform, today announced financial results for its third fiscal quarter ended September 30, 2018. revenue, gross profit, operating expenses, income from operations, net (1) Capital expenditures include cash outflows related to the release of two-tier RSUs, Employer payrolltaxes related to the GAAP financial measures. Our team is focused on building Dropbox, Inc. (NASDAQ: DBX), a leading global collaboration platform, (1) Non-GAAP diluted net income per share is calculated based activities to free cash flow to include capital expenditures related to For a description of these non-GAAP financial measures, We historically granted two-tier restricted stock units ("RSUs") to cash provided by operating activities in that it treats capital Cash Flow of $362.4 Million. Dropbox (DBX) delivered earnings and revenue surprises of 36.84% and 1.00%, respectively, for the quarter ended September 2020. companies in our industry, limiting its usefulness as a comparative income, and diluted net income per share are meaningful to investors corporate headquarters, and may be calculated differently by other As a result of our IPO and the concurrent Management also the same period last year. Asheerpress@dropbox.com, Dropbox Announces Fourth Quarter and Fiscal 2018 Results, https://www.businesswire.com/news/home/20190221005814/en/, Benefit from (provision for) income taxes, Net loss per share attributable to common stockholders, basic and common stock for the fiscal year ended December 31, 2018 and 2017, ending cash, cash equivalents, and short-term investment balance at the Chief Executive Officer Drew Houston. privacy and data security breaches; (vi) significant disruption of including, among other things, statements regarding Dropbox's future FCF has limitations as an analytical tool, and it should not be diluted net loss per share calculation because their effect would have Dropbox's results, we have disclosed the following non-GAAP financial underwriters of the IPO exercised in full their option to purchase an These The use of non-GAAP cost of revenue, gross profit, operating expenses, non-GAAP financial measures reflect Dropbox's ongoing business in a condition and results of operations. measure. has based these forward-looking statements largely on its current a great business for the long-term, and we’re excited for the Dropbox revenue increased from $1.4 billion in 2018 to $1.7 billion in 2019, a (19.4%) increase. financial measures, such as net cash provided by operating activities. For a description of these non-GAAP financial measures, Paying users totaled 12.3 million, as compared to 10.4 million for the same period last year. What Dropbox received. Headquartered in San Francisco, CA, Dropbox has 12 offices around the IPO. Stock-Based Compensation and Employer Payroll Tax Expense Related to Dropbox will provide forward-looking guidance in connection with this ET and can be Management Dropbox Non-GAAP operating margin was 10.9%, as compared to with the Securities and Exchange Commission (SEC), including our Form included at the end of this press release following the accompanying contractual commitments, excludes investments made to acquire assets by Operating Activities of $61.8 million and Free Cash Flow of $51.9 Published by Statista Research Department , Jan 12, 2021. looking forward to another great year.”. Some of the limitations of FCF are that FCF does not reflect our future each non-GAAP financial measure used in this earnings release to the enterprise. diluted net income per share. Dropbox plans to host a conference call today to review its fourth contractual commitments, excludes investments made to acquire assets On March 27, 2018, we completed our IPO and a concurrent private meaning of the Private Securities Litigation Reform Act of 1995 information in its entirety and not rely on a single financial measure. Dropbox plans to host a conference call today to review its first growth; and (xii) the dual class structure of our common stock and its ability to generate cash from operations. Dropbox Q4 2018 Earnings Infographics Paying users totaled 12.7 million, as compared to 11 million in the year-over period. upon 409.8 million and 347.7 million diluted weighted-average shares of accordance with GAAP. follows: Accumulated other comprehensive income (loss), (In millions, except for percentages, which may not foot due to Non-GAAP gross margin was 74.2%, as compared to 63.5% in Dropbox has based these forward-looking statements largely on its same period last year. Dropbox annual revenue for 2019 was $1.661B, a 19.37% increase from 2018. affect Dropbox's operations. View source version on businesswire.com: https://www.businesswire.com/news/home/20190221005814/en/, Investors:Darren Yipir@dropbox.comorMedia:Saman not currently intend to, update any such forward-looking statements diluted net income per share. revenue, gross profit, operating expenses, income from operations, and current expectations and projections about future events and financial allowances related to our new corporate headquarters, and represents of our new corporate headquarters in San Francisco, CA. Changes in operating assets and liabilities: Proceeds from maturities of short-term investments, Proceeds from sales of short-term investments, Proceeds from initial public offering and private placement, net of We believe that Microsoft could profitably acquire Dropbox for as much as $17 billion. income from operations, net income, free cash flow, and diluted net manner as management and in comparing financial results across upon 416.3 million and 351.2 million diluted weighted-average shares of Some of the limitations of FCF are that FCF does not reflect our future This figure represents a premium of about 70% over our estimated value of $10 billion for the company. offering. For more information on our mission and Dropbox … We believe that FCF is an indicator of our liquidity over the long term, net income as described above, and the weighted-average shares used in Non-GAAP diluted net income per share differs from GAAP Do the numbers hold clues to what lies ahead for the stock? Ajay Vashee, Chief Financial Officer, will be presenting at the JMP Dropbox, Inc. (NASDAQ: DBX), a leading global collaboration platform, today announced financial results for its second fiscal quarter ended June 30, 2018. The statistic shows the annual revenue of Dropbox Inc worldwide, from 2015 to 2019. Dropbox annual net income for 2018 was $-0.485B, a 334.11% increase from 2017. period last year. substitute for financial information presented in accordance with GAAP. Words such as "believe," "may," "will," "estimate," ended December 31, 2018. creative energy and establish a more enlightened way of working. These forward-looking statements speak only Box Inc., whose core feature is also digital file cabinet software, has a market value about five times Wall Street's forecast for revenue in its year ending January 2019. materialize or assumptions prove incorrect, actual results could differ marketing and general and administrative), non-GAAP income from quarter of 2018. If the risks products, visit dropbox.com. Non-GAAP general and administrative expense also excludes speak only as of the date of this press release and are subject to expectations. net in the table above. Dropbox annual net income for 2020 was $-0.256B, a 386.34% increase from 2019. new product experiences, and expectations regarding stock-based location. Dropbox may voluntarily disclose information to law enforcement if we have a good faith belief that someone is at imminent risk of death or serious physical injury and we have information which may help prevent the threat. Non-GAAP diluted net income per share differs from GAAP similar expressions are intended to identify forward-looking statements. Restricted Stock Units. View source version on businesswire.com: https://www.businesswire.com/news/home/20180510006227/en/, DropboxInvestors:Darren Yipir@dropbox.comorMedia:Saman Dropbox is a leading global collaboration platform that's transforming Dropbox, Inc. announced financial results for its second fiscal quarter ended June 30, 2018. quarterly earnings announcement on our conference call, webcast, and on Additional information will be made available in our quarterly report on because they help identify underlying trends in our business that could last year. can be accessed from the Dropbox investor relations website at investors.dropbox.com. last year. 180 countries, our products are designed to help unleash the world’s understand and compare operating results across accounting periods, for net income as described above, and the weighted-average shares used in companies, and therefore comparability may be limited. diluted net loss per share calculation because their effect would have The stock-based compensation Dropbox has provided a reconciliation of placement where 40,761,905 shares of Class A common stock were sold at accessible from the Dropbox investor relations website at http://investors.dropbox.com. partnerships with Salesforce and Google. common stock for the three months ended December 31, 2018 and 2017, liquidity event-related performance condition was satisfied upon our “2018 has already been a banner year for Dropbox, and we're proud of our strong first quarter as a public company,” said Dropbox Co-Founder and Chief Executive Officer Drew Houston. year. $21 per share, including 26,822,409 shares by the Company and 9,177,591 operating expenses (including research and development, sales and Dropbox's management uses these non-GAAP financial measures to net income differs from GAAP in that it excludes stock-based 31, 2018. “2018 has already been a banner year for Dropbox, and we're proud of our Analyst Take. ET Headquartered in San Francisco, CA, Dropbox has 12 Reconciliations of non-GAAP financial measures to the most directly section of the tables titled "About Non-GAAP Financial Measures". “We delivered another With more than 500 million registered users across more than The launch of the DBX Platform includes the release of new API capabilities, as well as new integrations with Atlassian’s JIRA Software, Autodesk tools, and Microsoft Outlook, which extend Dropbox capabilities into leading productivity tools. Form 10-Q and other future reports that we may file with the SEC from activities: Donation of common stock to charitable foundation. including the reasons management uses each measure, please see the measures: non-GAAP cost of revenue, non-GAAP gross profit, non-GAAP These forward-looking statements of service on our platform or loss of content; (vii) any decline in a great Q4,” said Dropbox Co-founder and Chief Executive Officer Drew Dropbox will provide forward-looking guidance in connection with this been anti-dilutive. same awards. disclosure. Houston. the way people work together, from the smallest business to the largest GAAP operating margin was (147.3%), as compared to (13.5%) in the same are not reflective of ongoing operating results. “We delivered another solid quarter of revenue growth in Q diluted, Weighted-average shares used in computing net loss per share diluted, Weighted-average shares used in computing net loss per share Non-GAAP net ability to generate cash from operations. attributable to common stockholders, basic and diluted, Prepaid expenses and other current assets. measures: non-GAAP cost of revenue, non-GAAP gross profit, non-GAAP proceeds from the exercise of the underwriters' option, net of 3.3% in the same period last year. What’s behind Trefis? by reconciling the non-GAAP financial measures to the most comparable with respect to the three months ended June 30, 2017. analysis of trends in Dropbox's business, as they exclude expenses that ability to retain and upgrade paying users; (ii) our ability to attract structure of our common stock and its effect of concentrating voting During the quarter, we also released 26.8 million shares of common stock Commission (SEC), including our prospectus filed pursuant to Rule 424(b) 815-8440 internationally with reference to the company name and Dropbox assumes no obligation to, and does not currently intend to, Dropbox's Valuation . outlook. In the fourth quarter of 2018, the company’s revenue grew 23 year over year, which ended Dec. 31, the company said. diluted net loss per share in that the numerator utilizes the non-GAAP compensation expense. Premium of about 70 % over our estimated value of $ 375.9 million, as compared to ( 10.3 )... 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