![]() ![]() For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see the section of the tables titled "About Non-GAAP Financial Measures." Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. For more information on our mission and products, visit. ![]() Dropbox is headquartered in San Francisco, CA, and has employees around the world. With more than 700 million registered users across approximately 180 countries, we're on a mission to design a more enlightened way of working. Following the event, a replay will be made available at the same location.ĭropbox is the one place to keep life organized and keep work moving. Tim Regan, Chief Financial Officer, will be hosting meetings at the Bank of America Securities Global Technology Conference on Wednesday, June 7, 2023.ĭuring these events, a live webcast will be accessible from the Dropbox investor relations website at. Morgan Global Technology, Media and Communications Conference on Monday, May 22, 2023. Tim Regan, Chief Financial Officer, will be presenting at the J.P. ET and can be accessed by using the web link at. This call is scheduled to begin at 2:00 p.m. ĭropbox plans to host a conference call today to review its first quarter financial results and to discuss its financial outlook. (3) GAAP and Non-GAAP diluted net income per share attributable to common stockholders is calculated based upon 348.8 million and 372.9 million diluted weighted-average shares of common stock for the three months ended Maand 2022, respectively.ĭropbox will provide forward-looking guidance in connection with this quarterly earnings announcement on its conference call, webcast, and on its investor relations website at. (3)Ĭash, cash equivalents and short-term investments ended at $1.253 billion. Non-GAAP diluted net income per share attributable to common stockholders was $0.42, as compared to $0.38 for the same period last year. GAAP diluted net income per share attributable to common stockholders was $0.20, as compared to $0.21 for the same period last year. Free cash flow was $138.0 million, as compared to $130.7 million for the same period last year. Net cash provided by operating activities was $139.9 million, as compared to $141.4 million for the same period last year. Non-GAAP net income was $146.1 million, as compared to $141.5 million for the same period last year. GAAP net income was $69.0 million, as compared to $79.7 million for the same period last year. Non-GAAP operating margin was 28.6%, as compared to 30.3% for the same period last year. ![]() GAAP operating margin was 13.8%, as compared to 15.9% for the same period last year. Non-GAAP gross margin was 82.4%, as compared to 81.3% for the same period last year. GAAP gross margin was 80.9%, as compared to 79.9% for the same period last year. Average revenue per paying user was $138.97, as compared to $134.63 for the same period last year. Paying users ended at 17.90 million, as compared to 17.09 million for the same period last year. ![]() On a constant currency basis, Total ARR grew $37.5 million quarter-over-quarter, and year-over-year growth would have been 11.6%. Total ARR ended at $2.468 billion, an increase of 7.8% from the same period last year. On a constant currency basis, year-over-year growth would have been 11.6%. Total revenue was $611.1 million, an increase of 8.7% from the same period last year. I’m committed to ensuring Dropbox is at the forefront of this era and excited to bring more AI-powered products to market for our customers." "While the economic backdrop remains tough for our existing businesses, the AI era of computing has arrived and we see a huge opportunity to apply AI/ML to our products to transform knowledge work. "We’re pleased with our financial results in Q1, beating our guidance across all metrics," said Dropbox Co-Founder and Chief Executive Officer Drew Houston. (NASDAQ: DBX), today announced financial results for its first quarter ended March 31, 2023. SAN FRANCISCO, May 04, 2023-( BUSINESS WIRE)-Dropbox, Inc. Net Cash Provided by Operating Activities of $139.9 Million and Free Cash Flow of $138.0 Million First Quarter Revenue of $611.1 Million, up 8.7% year-over-year on a constant currency basis, up 11.6% year-over-year ![]()
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