NASDAQ$DBX

Dropbox Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Dropbox announced Q4 and Fiscal year 2020 results, with revenue up 13% year-over-year.

Dropbox's Q4 2020 results showed a 13% increase in revenue year-over-year, reaching $504.1 million. The company's ARR exceeded $2 billion, with paying users reaching 15.48 million. However, GAAP net loss was ($345.8) million due to non-recurring impairment charges.

  • Total revenue was $504.1 million, up 13% year-over-year.
  • Total ARR ended at $2.022 billion, an increase of 11% year-over-year.
  • Paying users ended at 15.48 million, compared to 14.31 million in the same period last year.
  • GAAP net loss was ($345.8) million, compared to ($6.6) million in the same period last year due to non-recurring impairment charges.

Headline financials

Total Revenue

$504M

Previous: $446M+13.0%
EPS (adj)

$0.28

Previous: $0.16+75.0%
Paying Users

15.5M

Previous: 14.3M+8.3%
ARPU

$130.17

Previous: $125.00+4.1%
Total ARR

$2.02B

Previous: $1.82B+11.1%
Capital Expenditures

$12.3M

Previous: $25.5M-51.8%
Free Cash Flow

$158M

Previous: $161M-1.8%
Net Income

-$346M

Previous: -$6.6M-5139.4%
Operating Income

-$347M

Previous: -$6.6M-5151.5%
Gross Profit

$398M

Previous: $341M+16.8%
Cash & Equivalents

$315M

Previous: $551M-42.9%
Total Assets

$2.39B

Previous: $2.7B-11.6%
Stock-Based Comp

$69.4M

Previous: $69.3M+0.1%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$504M

Q4 2020+13%vs Q4 2019
Beat estimate in 15 of 15 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 Q4 2020

Historical avgQ4 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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