NASDAQ$DBX

Dropbox Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Dropbox reported strong Q4 2021 results, with revenue up 12.2% year-over-year and GAAP operating income up 120.3%.

Dropbox's Q4 2021 earnings revealed a strong performance with a 12.2% increase in revenue, reaching $565.5 million. The company also saw significant growth in GAAP and non-GAAP operating income, alongside a rise in paying users and average revenue per paying user.

  • Total revenue was $565.5 million, up 12.2% year-over-year.
  • Total ARR ended at $2.261 billion, an increase of 11.8% year-over-year.
  • Paying users reached 16.79 million, compared to 15.48 million in the same period last year.
  • GAAP net income was $124.6 million, compared to a loss of $345.8 million in the same period last year.

Headline financials

Total Revenue

$566M

Previous: $504M+12.2%
EPS (adj)

$0.41

Previous: $0.28+46.4%
Paying Users

16.8M

Previous: 15.5M+8.5%
ARPU

$134.78

Previous: $130.17+3.5%
Total ARR

$2.26B

Previous: $2.02B+11.8%
Capital Expenditures

$1.3M

Previous: $12.3M-89.4%
Free Cash Flow

$161M

Previous: $158M+1.9%
Net Income

$125M

Previous: -$346M+136.0%
Operating Income

$70.2M

Previous: -$347M+120.3%
Gross Profit

$450M

Previous: $398M+12.9%
Cash & Equivalents

$533M

Previous: $315M+69.3%
Total Assets

$3.09B

Previous: $2.39B+29.5%
Stock-Based Comp

$72.5M

Previous: $69.4M+4.5%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$566M

Q4 2021+12.2%vs Q4 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 Q4 2021

Historical avgQ4 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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