NASDAQ$DBX

Dropbox Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a solid quarter with record free cash flow and strong revenue growth.

Dropbox's Q3 2021 earnings showcased a 12.9% year-over-year revenue increase to $550.2 million, alongside substantial growth in GAAP and non-GAAP operating income. The company also reported a record free cash flow of $221.5 million.

  • Total revenue was $550.2 million, up 12.9% year-over-year.
  • Total ARR reached $2.218 billion, a 12.0% increase year-over-year.
  • Paying users totaled 16.49 million, compared to 15.25 million in the same period last year.
  • GAAP operating margin was 14.0%, compared to 6.2% in the same period last year.

Headline financials

Total Revenue

$550M

Previous: $487M+12.9%
EPS (adj)

$0.37

Previous: $0.26+42.3%
Paying Users

16.5M

Previous: 15.3M+8.1%
ARPU

$133.79

Previous: $128.03+4.5%
Total ARR

$2.22B

Previous: $1.98B+12.0%
Capital Expenditures

-$20.8M

Previous: -$67.8M+69.3%
Free Cash Flow

$54.8M

Previous: -$35.1M+256.1%
Net Income

$75.6M

Previous: $32.7M+131.2%
Operating Income

$77.3M

Previous: $30M+157.7%
Gross Profit

$438M

Previous: $384M+14.1%
Cash & Equivalents

$689M

Previous: $453M+52.2%
Total Assets

$3.34B

Previous: $2.86B+16.7%
Stock-Based Comp

$72.8M

Previous: $75.7M-3.8%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$550M

Q3 2021+12.9%vs Q3 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 Q3 2021

Historical avgQ3 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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