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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 642M | 0.7% |
| Gross Profit | 527M | 0% |
| Cost of Revenue | 301M | 2.1% |
| Operating expense | 400M | 0.2% |
| Net Income | 107M | 3.4% |
| EBITDA | 149M | 0.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.58B | 5.2% |
| Total Liabilities | 3.12B | 1.1% |
| Shares Outstanding | 315M | 2.5% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 274M | 18.9% |
| Cash from investing | 153M | 142.2% |
| Cash from financing | -431M | 32% |
EPS
Financial Highlights for Dropbox in Q3 '24
Dropbox reported a revenue of 642M, which is a 0.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 527M, marking a -0% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 301M, a 2.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 400M, showing a -0.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 107M, showing a -3.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 149M, showing a 0.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Dropbox faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
