Below are the financial statements of Dropbox, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 2,548.2a | 2,501.6a | 2,324.9a |
| Cost of revenue | -445.1a | -478.5a | -444.2a |
| Gross profit | 2,103.1a | 2,023.1a | 1,880.7a |
| Operating expenses | — | — | — |
| Research and development | -914.9a | -936.5a | -891.9a |
| Sales and marketing | -460.7a | -466a | -409.4a |
| General and administrative | -241.2a | -237.1a | -222.9a |
| Net loss (gain) on real estate assets | -0.1a | -155.2a | -175.2a |
| Total operating expenses | -1,616.9a | -1,484.4a | -1,699.4a |
| Income from operations | 486.2a | 538.7a | 181.3a |
| Interest income, net | 13.9a | 19.4a | 3.3a |
| Other income (loss), net | 9.7a | -3.7a | 8.1a |
| Income before income taxes | 509.8a | 554.4a | 192.7a |
| (Provision for) benefit from income taxes | -57.5a | -100.8a | -360.5a |
| Net income | 452.3a | 453.6a | 553.2a |
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