NASDAQ$DBX

Dropbox Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported solid revenue growth, robust margin expansion, and continued GAAP profitability.

Dropbox announced its Q2 2020 results with a revenue of $467.4 million, up 16% year-over-year. The company reported a GAAP net income of $17.5 million and a free cash flow of $119.8 million.

  • Total revenue was $467.4 million, an increase of 16% from the same period last year.
  • Total ARR ended at $1.931 billion, an increase of 17% year-over-year.
  • Paying users ended at 15.0 million, as compared to 13.6 million for the same period last year.
  • GAAP net income was $17.5 million, as compared to ($21.4) million in the same period last year.

Headline financials

Total Revenue

$467M

Previous: $402M+16.4%
EPS (adj)

$0.22

Previous: $0.10+120.0%
Paying Users

15.0M

Previous: 13.6M+10.3%
ARPU

$126.88

Previous: $120.48+5.3%
Total ARR

$1.93B

No prior period
Capital Expenditures

-$53.9M

Previous: -$63.4M+15.0%
Free Cash Flow

-$36.4M

Previous: -$84.8M+57.1%
Net Income

$17.5M

Previous: -$21.4M+181.8%
Operating Income

$12.8M

Previous: -$34M+137.6%
Gross Profit

$365M

Previous: $299M+22.2%
Cash & Equivalents

$334M

Previous: $344M-2.7%
Total Assets

$2.74B

Previous: $2.36B+16.0%
Stock-Based Comp

$76.6M

Previous: $68.1M+12.5%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$467M

Q2 2020+16.4%vs Q2 2019
Beat estimate in 13 of 13 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 Q2 2020

Historical avgQ2 2020

-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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