NASDAQ$DBX

Dropbox Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported revenue of $487.4 million, up 14% year-over-year, and strong operating income, profitability, and free cash flow.

Dropbox announced strong Q3 2020 results with revenue of $487.4 million, a 14% increase year-over-year. The company reported GAAP net income of $32.7 million and free cash flow of $187.0 million.

  • Total revenue was $487.4 million, an increase of 14% from the same period last year.
  • Total ARR ended at $1.981 billion, an increase of 12% year-over-year.
  • Paying users ended at 15.25 million, as compared to 14.00 million for the same period last year.
  • GAAP operating margin was 6.2%, as compared to (4.3)% in the same period last year.

Headline financials

Total Revenue

$487M

Previous: $428M+13.8%
EPS (adj)

$0.26

Previous: $0.13+100.0%
Paying Users

15.3M

Previous: 14.0M+8.9%
ARPU

$128.03

Previous: $123.15+4.0%
Total ARR

$1.98B

Previous: $1.77B+12.1%
Capital Expenditures

-$67.8M

Previous: -$111M+38.7%
Free Cash Flow

-$35.1M

Previous: -$128M+72.5%
Net Income

$32.7M

Previous: -$17M+292.4%
Operating Income

$30M

Previous: -$18.6M+261.3%
Gross Profit

$384M

Previous: $323M+18.8%
Cash & Equivalents

$453M

Previous: $443M+2.1%
Total Assets

$2.86B

Previous: $2.49B+15.1%
Stock-Based Comp

$75.7M

Previous: $68.2M+11.0%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$487M

Q3 2020+13.8%vs Q3 2019
Beat estimate in 14 of 14 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 Q3 2020

Historical avgQ3 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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