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Dec 31, 2022

Dropbox Q4 2022 Earnings Report

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.

Key Takeaways

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.

Total Revenue
$599M
Previous year: $566M
+5.9%
EPS
$0.4
Previous year: $0.41
-2.4%
Paying Users
17.77M
Previous year: 16.79M
+5.8%
ARPU
$135
Previous year: $135
-0.2%
Annual Recurring Revenue
$2.51B
Previous year: $2.26B
+11.2%
Gross Profit
$483M
Previous year: $450M
+7.4%
Cash and Equivalents
$233M
Previous year: $533M
-56.3%
Free Cash Flow
$182M
Previous year: $161M
+12.6%
Total Assets
$3.11B
Previous year: $3.09B
+0.6%

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