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Jun 30, 2022

Dropbox Q2 2022 Earnings Report

Second quarter results were announced with revenue up 7.9% year-over-year.

Key Takeaways

Dropbox announced its Q2 2022 results with a total revenue of $572.7 million, up 7.9% year-over-year. The company's paying users reached 17.37 million, and ARR ended at $2.333 billion.

Total revenue was $572.7 million, an increase of 7.9% from the same period last year.

Total ARR ended at $2.333 billion, an increase of 7.7% year-over-year.

Paying users ended at 17.37 million, as compared to 16.14 million for the same period last year.

GAAP operating margin was 14.5%, and non-GAAP operating margin was 31.9%.

Total Revenue
$573M
Previous year: $531M
+7.9%
EPS
$0.38
Previous year: $0.4
-5.0%
Paying Users
17.37M
Previous year: 16.14M
+7.6%
ARPU
$133
Previous year: $133
+0.1%
Annual Recurring Revenue
$2.33B
Previous year: $2.17B
+7.7%
Gross Profit
$467M
Previous year: $424M
+10.2%
Cash and Equivalents
$352M
Previous year: $885M
-60.2%
Free Cash Flow
$206M
Previous year: $216M
-4.7%
Total Assets
$2.76B
Previous year: $3.33B
-17.1%

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