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Dropbox Announces Fiscal 2021 First Quarter Results

May 6, 2021

First Quarter Revenue of $511.6 Million, Up 12% Year-over-year

Net Cash Provided by Operating Activities of $115.7 Million and Free Cash Flow of $108.8 Million

GAAP and Non-GAAP Operating Income of $42.5 Million and $148.6 Million, Up 59% and 103% Year-over-year

SAN FRANCISCO--(BUSINESS WIRE)--May 6, 2021-- Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its first quarter ended March 31, 2021.

“We kicked off the year with a profitable Q1, along with strong revenue growth and free cash flow,” said Dropbox Co-Founder and Chief Executive Officer Drew Houston. “We welcomed DocSend to the team, saw great momentum with HelloSign, and continued to make meaningful progress against our 2021 priorities. In this new era of distributed work, we have a big opportunity to deliver more value to our customers and shareholders, and I’m excited for what’s ahead.”