Dropbox, Inc. (DBX)

Dropbox Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	2,502	2,325	2,158	1,914	1,661
Revenue Growth (YoY)	7.60%	7.74%	12.75%	15.20%	19.37%
Cost of Revenue	478.5	444.2	444.2	414.6	411
Gross Profit	2,023	1,881	1,714	1,499	1,250
Selling, General & Admin	703.1	632.3	652.1	650.6	668.7
Research & Development	936.5	891.9	755.9	727.5	662.1
Other Operating Expenses	-155.2	175.2	31.3	398.2	0
Operating Expenses	1,484	1,699	1,439	1,776	1,331
Operating Income	538.7	181.3	274.4	-277	-80.5
Interest Expense / Income	-19.4	-3.3	5.2	-1.7	-12.5
Other Expense / Income	3.7	-8.1	-30.1	-25.1	-16
Pretax Income	554.4	192.7	299.3	-250.2	-52
Income Tax	100.8	-360.5	-36.5	6.1	0.7
Net Income	453.6	553.2	335.8	-256.3	-52.7
Net Income Growth	-18.00%	64.74%	-	-	-
Shares Outstanding (Basic)	341	361	388	414	412
Shares Outstanding (Diluted)	346	363	396	414	412
Shares Change	-4.87%	-8.21%	-4.47%	0.66%	14.78%
EPS (Basic)	1.33	1.53	0.87	-0.62	-0.13
EPS (Diluted)	1.31	1.52	0.85	-0.62	-0.13
EPS Growth	-13.82%	78.82%	-	-	-
Free Cash Flow	759.4	763.5	707.7	490.7	392.4
Free Cash Flow Per Share	2.23	2.11	1.82	1.18	0.95
Gross Margin	80.87%	80.89%	79.42%	78.34%	75.26%
Operating Margin	21.53%	7.80%	12.72%	-14.47%	-4.85%
Profit Margin	18.13%	23.79%	15.56%	-13.39%	-3.17%
Free Cash Flow Margin	30.36%	32.84%	32.80%	25.64%	23.62%
Effective Tax Rate	18.18%	-187.08%	-12.20%	-	-
EBITDA	748.5	410.3	532.2	-11.5	109
EBITDA Margin	29.92%	17.65%	24.66%	-0.60%	6.56%
Depreciation & Amortization	213.5	220.9	227.7	240.4	173.5
EBIT	535	189.4	304.5	-251.9	-64.5
EBIT Margin	21.39%	8.15%	14.11%	-13.16%	-3.88%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).