Dropbox Q4 revenue $643.6M (+1.4% YoY); non-GAAP EPS $0.73 beats $0.50 last year

DROPBOX, INC.

2024-FY EPS reported $1.40 revenue$2,548,200,000

GAAP net income $102.8M ($0.34 diluted EPS) vs $227.3M ($0.66) last year; non-GAAP net income $222.6M ($0.73) vs $170.8M ($0.50).
FY2024 revenue $2.548B (+1.9% YoY); GAAP operating margin 19.1%, non-GAAP operating margin 36.4%.
ARR $2.574B (+2.0% YoY); paying users 18.22M (+0.1M YoY, -15K QoQ).
Entered $2.0B private credit agreement; $1B initial term loans due 2029, $1B delayed draw.
Repurchased 12.5M shares for $350.4M in Q4; new $1.2B buyback authorization in Dec 2024.

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