DBX Q1 2024 Earnings — Dropbox, Inc. Revenue & Financial Results | Market Cap Arena

DBXDropbox, Inc.

$7B

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$631M+3.3% YoY

Gross Profit

$526M83.2% margin

Operating Income

$144M22.7% margin

Net Income

$132M21.0% margin

EPS (Diluted)

$0.39

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$176M

Free Cash Flow

$166M

Stock-Based Comp.

$78M

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$3.1B

Stockholders' Equity

-$277M

Cash & Equivalents

$549M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$631M	$611M	+3.3%
Gross Profit	$526M	$494M	+6.3%
Operating Income	$144M	$84M	+70.6%
Net Income	$132M	$69M	+91.7%

Geographic Segments

UNITED STATES

$358M57%

Non-US

$273M43%