Dropbox Q3 2024 Financial Results
Dropbox Q3 2024 investor presentation for analysts and shareholders covering quarterly and annual financial results, product strategy, and capital allocation.
Show all
Key numbers: $2.54B TTM revenue, 3.0% TTM growth, 83.8% non-GAAP gross margin, 18.24M paying users, and $1.36B liquidity. The deck introduces Dropbox Dash for Business (launched Oct 15, 2024) and covers guidance, buyback progress, and debt maturities.
- Slide 1: Dropbox: Financial Results & Investor Presentation (Q3 2024)
- Slide 2: Forward‑looking statements disclaimer outlining risks, uncertainties, and the use
- Slide 3: Dropbox reports $2.54B trailing‑12‑month revenue, 3.0% TTM growth, 83.8% non‑GAAP
- Slide 4: Seven investor highlights: scale from core File/Sync/Share product, subscription recurring
- Slide 5: Section header introducing a deeper look at Dropbox's business, products
- Slide 6: Design a more enlightened way of working
- Slide 7: Chronology from Dropbox's 2008 launch through its File, Sync
- Slide 8: A workplace for digital collaboration
- Slide 9: File Sync and Share (FSS) Plans
- Slide 10: Robust security features protect proprietary information
- Slide 11: Effortless file organization with smart search
- Slide 12: Simple, efficient sharing and access controls
- Slide 13: Dropbox DocSend and Dropbox Sign
- Slide 14: Scaled user base and rising ARPU
- Slide 15: Globally recognized brand in 180 countries
- Slide 16: Served by scaled infrastructure
- Slide 17: Securing and organizing 1T+ pieces of content
- Slide 18: Our FSS business: a category leader
- Slide 19: Ranked by G2 as a leader in customer satisfaction and market presence
- Slide 20: Growth drivers: Activate, Convert, Upsell, Retain
- Slide 21: Why customers choose Dropbox
- Slide 22: Forces Impacting the Landscape
- Slide 23: Dash for Business: Find anything. Protect everything
- Slide 24: Unlock the power of your data
- Slide 25: Your company will feel the impact daily
- Slide 26: Worldwide Search and Knowledge Discovery Software* TAM
- Slide 27: Outlines a two-product GTM: Core FSS (self-serve first, low onboarding
- Slide 28: Dropbox Dash for Business
- Slide 29: Enhancing value through corporate responsibility
- Slide 30: Section header introducing the deck's Financial Highlights section and upcoming
- Slide 31: Revenue grew to $2.50B in 2023, non-GAAP gross margin improved
- Slide 32: Q3'24 revenue was $638.8M with non-GAAP operating income around $231.5M
- Slide 33: Constant-currency ARR rose to $2.523B in 2023, paying users reached
- Slide 34: Q3'24 constant-currency ARR hit $2.579B, paying users were 18.24M
- Slide 35: Available liquidity totaled $1.36B as of 9/30/24, comprised of $891M
- Slide 36: Convertible senior notes maturing in 2026 ($696M) and 2028 ($693M)
- Slide 37: Year-to-date the company repurchased approximately $896M (~37M shares); the Board
- Slide 38: Fiscal 2024 guidance targets GAAP revenue of $2.542–$2.545B, constant-currency revenue
- Slide 39: Section header introducing the appendix, which contains supplemental schedules, reconciliations
- Slide 40: Reconciles GAAP income from operations to Non-GAAP results; Non-GAAP income
- Slide 41: Non-GAAP reconciliation and operating margin (quarterly)
- Slide 42: Free cash flow reconciliation, twelve months ended
- Slide 43: Free cash flow reconciliation, three months ended
- Slide 44: Non-GAAP reconciliation by expense line, Q3 2024
- Slide 45: Non-GAAP reconciliation by expense line, Q3 2023
Related decks
Fresh decks, weekly
A roundup of what's new in the gallery