NASDAQ$DBX

Dropbox Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Dropbox reported strong Q4 results, marking the end of an exciting year with the launch of their vision for the smart workspace.

Dropbox's Q4 2019 revenue reached $446.0 million, a 19% increase year-over-year. The company closed the year with over $1.6 billion in revenue and 14.3 million paying users.

  • Total revenue was $446.0 million, up 19% year-over-year.
  • Annual recurring revenue reached $1.820 billion, a 19% increase from the prior year.
  • Paying users totaled 14.3 million, compared to 12.7 million in the prior year.
  • Free cash flow was $161.3 million, compared to $88.3 million in the same period last year.

Headline financials

Total Revenue

$446M

Previous: $376M+18.6%
EPS (adj)

$0.16

Previous: $0.10+60.0%
Paying Users

14.3M

Previous: 12.7M+12.6%
ARPU

$125.00

Previous: $119.61+4.5%
Total ARR

$1.82B

No prior period
Capital Expenditures

$25.5M

No prior period
Free Cash Flow

$161M

No prior period
Net Income

-$6.6M

No prior period
Operating Income

-$6.6M

No prior period
Gross Profit

$341M

No prior period
Cash & Equivalents

$551M

No prior period
Total Assets

$2.7B

No prior period
Stock-Based Comp

$69.3M

No prior period

Revenue & EPS history

Dropbox · Revenue · Quarterly

$446M

Q4 2019+18.6%vs Q4 2018
Beat estimate in 11 of 11 quarters(100%)
ActualEstimate

Forward guidance

Dropbox will provide forward-looking guidance in connection with this quarterly earnings announcement on our conference call, webcast, and on our investor relations website at investors.dropbox.com.

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 Q4 2019

Historical avgQ4 2019

-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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