← DROPBOX, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1b |
$1.4b
+25.74%
|
$1.7b
+19.37%
|
$1.9b
+15.20%
|
$2.2b
+12.75%
|
$2.3b
+7.74%
|
$2.5b
+7.60%
|
$2.5b
+1.86%
|
$2.5b
-1.07%
|
$2.5b
+0.42%
|
|
| Cost of revenue | $368.9m |
$394.7m
+6.99%
|
$411.0m
+4.13%
|
$414.6m
+0.88%
|
$444.2m
+7.14%
|
$444.2m
0.00%
|
$478.5m
+7.72%
|
$445.1m
-6.98%
|
$500.8m
+12.51%
|
$513.5m
+2.54%
|
|
| Gross profit | $737.9m |
$997.0m
+35.11%
|
$1.3b
+25.41%
|
$1.5b
+19.92%
|
$1.7b
+14.30%
|
$1.9b
+9.74%
|
$2.0b
+7.57%
|
$2.1b
+3.95%
|
$2.0b
-3.94%
|
$2.0b
-0.10%
|
|
| Research and development | $380.3m | $768.2m | $662.1m | $727.5m | $755.9m | $891.9m | $936.5m | $914.9m | $732.0m | $741.5m | |
| Sales and marketing | $314.0m | $439.6m | $423.3m | $422.8m | $427.5m | $409.4m | $466.0m | $460.7m | $369.9m | — | |
| General and administrative | $157.3m | $283.2m | $245.4m | $227.8m | $224.6m | $222.9m | $237.1m | $241.2m | $230.5m | $239.2m | |
| Total operating expenses | $851.6m | $1.5b | $1.3b | $1.8b | $1.4b | $1.7b | $1.5b | $1.6b | $1.3b | $1.3b | |
| Income from operations | ($113.7m) |
($494.0m)
-334.48%
|
($80.5m)
+83.70%
|
($277.0m)
-244.10%
|
$274.4m
+199.06%
|
$181.3m
-33.93%
|
$538.7m
+197.13%
|
$486.2m
-9.75%
|
$689.1m
+41.73%
|
$670.6m
-2.68%
|
|
| Other income (loss), net | $13.2m | $6.8m | $16.0m | $25.1m | $30.1m | $8.1m | ($3.7m) | $9.7m | $7.1m | — | |
| Income before income taxes | ($111.5m) | ($480.1m) | ($52.0m) | ($250.2m) | $299.3m | $192.7m | $554.4m | $509.8m | $617.6m | $559.4m | |
| Provision for income taxes | ($200k) | ($4.8m) | ($700k) | ($6.1m) | $36.5m | $360.5m | ($100.8m) | ($57.5m) | ($109.2m) | — | |
| Net income | ($111.7m) |
($484.9m)
-334.11%
|
($52.7m)
+89.13%
|
($256.3m)
-386.34%
|
$335.8m
+231.02%
|
$553.2m
+64.74%
|
$453.6m
-18.00%
|
$452.3m
-0.29%
|
$508.4m
+12.40%
|
$442.8m
-12.90%
|
|
| Basic net income per share (in dollars per share) | — | — | ($0) | ($1) | $1 | $2 | $1 | $1 | $2 | — | |
| Diluted net income per share (in dollars per share) | — | — | ($0) | ($1) | $1 | $2 | $1 | $1 | $2 | — | |
| Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares) | — | — | ($0) | ($1) | $1 | $2 | $1 | $1 | $2 | — | |
| Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares) | — | — | ($0) | ($1) | $1 | $2 | $1 | $1 | $2 | — | |
| Net (gain) loss on real estate assets | — | — | — | — | $31.3m | $175.2m | ($155.2m) | $100k | ($1.3m) | — | |
| Interest (expense) income, net | ($11.0m) | $7.1m | $12.5m | $1.7m | ($5.2m) | $3.3m | $19.4m | $13.9m | ($78.6m) | $78.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.