![]() ![]() The firm’s operating costs grew from $647.7 million in 2016 to $851.6 million in 2017, inclusive of share-based compensation. Dropbox’s ability to expand its gross margins while also growing its top line is impressive. From 2015 to 2016, for comparison, the company grew over 39 percent.ĭropbox grew its gross profit more quickly than its revenue in the last year, pushing that figure from a $454.2 million in 2016 to $737.9 million in 2017. In 2017, Dropbox had revenue of $1.11 billion, up 31 percent from its 2016 result of $844.8 million. And with historical rival Box trading near all-time highs, the Y Combinator-backed Dropbox has picked its moment well. Underscoring the latter point, if you strip out its share-based compensation costs and Dropbox has positive earnings per share. The firm generated free cash flow of more than $300 million in 2017.ĭropbox’s financials paint the portrait of a sound SaaS player looking to go public when it doesn’t need the cash, with a history of improving operating metrics and cash generation. The firm, as we have long known, generates cash. You can see its high-level performance detailed in the following chart: Notably, in 2017, even as its revenue grew, Dropbox’s cost of revenue fell. The firm’s net loss (GAAP) fell to just over $100 million, or about half over the same period. In brief, Dropbox’s revenue rose over $1 billion in 2017, growing over 30 percent. The firm’s SEC filing indicates that it may raise up to $500 million in its debut, a number that is likely a placeholder. Dropbox famously raised just over $607 million in equity funding during its life, reaching a $4.05 billion post-money valuation in 2014 after its $250 million Series B round.įollow Crunchbase News on Twitter & Facebook Today, Dropbox publicly filed its S-1 document on its path to the public markets, detailing its historical financial performance and providing a wealth of information for investors and the market alike. We’ve been waiting for this one for a long time. Freelance Writers: How To Pitch Crunchbase News. ![]()
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