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Mar 31, 2020
Dropbox Q1 2020 Earnings Report
Dropbox had a strong first quarter, supported customers and community, delivered healthy growth, record operating margins, and GAAP profitability.
Key Takeaways
Dropbox announced its Q1 2020 results with a total revenue of $455.0 million, up 18% year-over-year. The company achieved GAAP profitability for the first time. Net cash provided by operating activities was $53.3 million, and free cash flow was $25.5 million.
Total revenue was $455.0 million, an increase of 18% from the same period last year.
Total ARR ended at $1.864 billion, an increase of 16% from the same period last year.
Paying users ended at 14.6 million, as compared to 13.2 million for the same period last year.
GAAP net income was $39.3 million, as compared to ($7.7) million in the same period last year.
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 at investors.dropbox.com.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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