NASDAQ$DBX

Dropbox Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Dropbox's Q1 2022 results were announced, marked by revenue growth and increased profitability.

Dropbox announced strong Q1 2022 results with a 9.9% year-over-year revenue increase to $562.4 million, GAAP operating income up 110.6% to $89.5 million, and free cash flow of $130.7 million.

  • Total revenue reached $562.4 million, a 9.9% increase year-over-year.
  • Total ARR ended at $2.290 billion, up 8.4% from the previous year.
  • Paying users totaled 17.09 million, compared to 15.83 million in the same period last year.
  • GAAP net income was $79.7 million, compared to $47.6 million for the same period last year.

Headline financials

Total Revenue

$562M

Previous: $512M+9.9%
EPS (adj)

$0.38

Previous: $0.35+8.6%
Paying Users

17.1M

Previous: 15.8M+8.0%
ARPU

$134.63

Previous: $132.55+1.6%
Total ARR

$2.29B

Previous: $2.11B+8.4%
Capital Expenditures

-$10.7M

Previous: -$6.9M-55.1%
Free Cash Flow

$69M

Previous: $40.7M+69.5%
Net Income

$79.7M

Previous: $47.6M+67.4%
Operating Income

$89.5M

Previous: $42.5M+110.6%
Gross Profit

$450M

Previous: $402M+11.7%
Cash & Equivalents

$446M

Previous: $846M-47.3%
Total Assets

$2.85B

Previous: $3.31B-13.8%
Stock-Based Comp

$72.3M

Previous: $67.9M+6.5%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$562M

Q1 2022+9.9%vs Q1 2021
Beat estimate in 15 of 16 quarters(94%)
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 2022

Historical avgQ1 2022

-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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