Dropbox : DBX Investor Supplement - Q4'24

Published: 2025-02-24 10:19:04 ET DBX

Dropbox Q1 2025 and Fiscal 2025 Guidance

As of February 20, 2025

GAAP revenue (1)

Constant currency revenue (2) Non-GAAPgross margin (3) Non-GAAPoperating margin (4) Capital expenditures Unlevered free cash flow (5)(6)(7) Lease buyout (6)

Payments related to reduction in force (7) Diluted weighted average shares outstanding

(In millions, except percentages)

Q1 2025

Fiscal 2025

$618

- $621

$2,465

- $2,480

$621

- $624

$2,483

- $2,498

~82.0%

~38.5%

37.5%

- 38.0%

$25

- $30

~$940

$36

~$11

299

- 304

283

- 288

Forward-Looking Statements

These supplemental investor materials contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Dropbox's future financial performance and guidance for Q1 2025 and FY 2025. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. These forward-looking statements speak only as of the date these supplemental investor materials are first posted to Dropbox's investor relations website and are subject to risks, uncertainties, and assumptions, including, but not limited to, our expectations regarding general economic, political, and market trends and their respective impacts on our business, and our future financial performance, including trends in revenue, costs of revenues, gross profit or gross margin, operating expenses, paying users, free cash flow, and unlevered free cash flow. Further information on risks that could affect Dropbox's results is included in our filings with the Securities and Exchange Commission (SEC), including our quarterly report on Form 10-Q for the quarter ended September 30, 2024 that we filed with the SEC on November 8, 2024. Additional information will be made available in our annual report on Form 10-K for the year ended December 31, 2024 and in other reports that we may file with the SEC from time to time, which could cause actual results to vary from expectations. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Dropbox assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date these supplemental investor materials are first posted to Dropbox's investor relations website, except as required by applicable law.

Additional information on our non-GAAP measures is included in our earnings release, which was furnished with our Form 8-K filed with the SEC on February 20, 2025.

Disclaimer

Dropbox Inc. published this content on February 24, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 24, 2025 at 15:18:05.047.