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Mar 31, 2021
Dropbox Q1 2021 Earnings Report
Announced fiscal 2021 first quarter results with a revenue increase of 12% year-over-year and strong free cash flow.
Key Takeaways
Dropbox's Q1 2021 results showed strong revenue growth, profitability, and free cash flow. The company completed the acquisition of DocSend and saw momentum with HelloSign. Total revenue was $511.6 million, up 12% year-over-year, and free cash flow was $108.8 million.
Total revenue reached $511.6 million, a 12% increase year-over-year.
Total ARR ended at $2.112 billion, up 13% from the same period last year.
Paying users increased to 15.83 million, compared to 14.59 million in the same period last year.
Free cash flow was $108.8 million, compared to $25.5 million in the same period last year.
Dropbox
Dropbox
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