NASDAQ$DBX

Dropbox Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Dropbox reported a solid fourth quarter and fiscal year 2022 results, with revenue up 5.9% year-over-year and increased profitability and free cash flow.

Dropbox's Q4 2022 results showed a revenue increase of 5.9% year-over-year to $598.8 million. The company's Total ARR ended at $2.514 billion, up 11.2% year-over-year. GAAP net income was $328.3 million, compared to $124.6 million in the same period last year.

  • Total revenue was $598.8 million, up 5.9% year-over-year.
  • Total ARR ended at $2.514 billion, up 11.2% year-over-year.
  • Paying users ended at 17.77 million, compared to 16.79 million for the same period last year.
  • GAAP net income was $328.3 million, compared to $124.6 million in the same period last year.

Headline financials

Total Revenue

$599M

Previous: $566M+5.9%
EPS (adj)

$0.40

Previous: $0.41-2.4%
Paying Users

17.8M

Previous: 16.8M+5.8%
ARPU

$134.53

Previous: $134.78-0.2%
Total ARR

$2.51B

Previous: $2.26B+11.2%
Capital Expenditures

$12.9M

Previous: $1.3M+892.3%
Free Cash Flow

$182M

Previous: $161M+12.6%
Net Income

$328M

Previous: $125M+163.5%
Operating Income

-$80.4M

Previous: $70.2M-214.5%
Gross Profit

$483M

Previous: $450M+7.4%
Cash & Equivalents

$233M

Previous: $533M-56.3%
Total Assets

$3.11B

Previous: $3.09B+0.6%
Stock-Based Comp

$87.3M

Previous: $72.5M+20.4%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$599M

Q4 2022+5.9%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
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 2022

Historical avgQ4 2022

-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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