NASDAQ$DBX

Dropbox Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Announced fiscal 2021 first quarter results with a revenue increase of 12% year-over-year and strong free cash flow.

Dropbox's Q1 2021 results showed strong revenue growth, profitability, and free cash flow. The company completed the acquisition of DocSend and saw momentum with HelloSign. Total revenue was $511.6 million, up 12% year-over-year, and free cash flow was $108.8 million.

  • Total revenue reached $511.6 million, a 12% increase year-over-year.
  • Total ARR ended at $2.112 billion, up 13% from the same period last year.
  • Paying users increased to 15.83 million, compared to 14.59 million in the same period last year.
  • Free cash flow was $108.8 million, compared to $25.5 million in the same period last year.

Headline financials

Total Revenue

$512M

Previous: $455M+12.4%
EPS (adj)

$0.35

Previous: $0.17+105.9%
Paying Users

15.8M

Previous: 14.6M+8.4%
ARPU

$132.55

Previous: $126.30+4.9%
Total ARR

$2.11B

Previous: $1.86B+13.3%
Capital Expenditures

-$6.9M

Previous: -$27.8M+75.2%
Free Cash Flow

$40.7M

Previous: $11.5M+253.9%
Net Income

$47.6M

Previous: $39.3M+21.1%
Operating Income

$42.5M

Previous: $26.8M+58.6%
Gross Profit

$402M

Previous: $352M+14.3%
Cash & Equivalents

$846M

Previous: $486M+73.8%
Total Assets

$3.31B

Previous: $2.72B+21.7%
Stock-Based Comp

$67.9M

Previous: $39.8M+70.6%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$512M

Q1 2021+12.4%vs Q1 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Dropbox will provide forward-looking guidance in connection with this quarterly earnings announcement on its conference call, webcast, and on its investor relations website

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.1%

Avg return

Earnings day

-2.7%

Avg return

5 days after

-2.4%

Avg return

30 days after

38%

12 / 32 earnings

Positive

+22.5%

Q4 2019

Best reaction

-22.6%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.2%+4.5%+9.7%
Q4 2025+2.7%-1.2%+1.2%
Q3 2025+7.6%+7.6%+2.3%
Q1 2025-0.7%-0.3%-0.7%
Q4 2024-16.2%-16.6%-16.9%
Q3 2024-3.1%+0.1%+4.2%
Q2 2024+3.5%+3.7%+6.5%
Q1 2024-0.8%+3.0%-8.1%
Q4 2023-22.6%-25.2%-26.5%
Q3 2023-0.6%-1.0%+10.0%
Q2 2023+6.3%+7.5%+7.7%
Q1 2023+7.2%+6.6%+19.1%
Q4 2022-12.2%-11.9%-17.2%
Q3 2022+3.5%+4.4%+12.8%
Q2 2022-0.8%+1.4%-10.8%
Q1 2022-5.6%-7.8%+1.9%
Q4 2021-7.6%-13.3%-7.5%
Q3 2021-9.5%-7.1%-22.0%
Q2 2021+2.5%+3.0%+3.1%
Q1 2021-0.6%+2.8%+14.6%
Q4 2020-2.7%-3.8%+11.5%
Q3 2020+3.2%-0.4%+9.7%
Q2 2020-10.9%-15.3%-14.9%
Q1 2020+7.5%+8.8%+8.0%
Q4 2019+22.5%+12.7%-4.0%
Q3 2019-3.7%-8.0%-11.1%
Q2 2019-9.9%-11.5%-8.6%
Q1 2019-0.7%-6.3%-2.7%
Q4 2018-8.0%-4.5%-14.8%
Q3 2018+2.2%-5.4%-14.0%
Q2 2018-1.6%-8.2%-15.2%
Q1 2018-0.4%-5.9%-4.6%
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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