Dropbox Q4 revenue up 12.2% to $565.5M; first full-year GAAP profitability; board authorizes $1.2B buyback

DROPBOX, INC.

2021-FY EPS reported $0.85 revenue$2,157,900,000

Q4 revenue $565.5M (+12.2% YoY); GAAP net income $124.6M vs loss $345.8M a year ago.
Q4 non-GAAP EPS $0.41 (up from $0.28); full-year non-GAAP EPS $1.54 (up from $0.93).
Paying users 16.79M (+8.5% YoY); ARPU $134.78 (up 3.5%).
Full-year free cash flow $707.7M (+44.2% YoY); board authorized $1.2B share repurchase.
GAAP operating margin improved to 12.4% from (68.8%) in Q4 2020.

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