Dropbox Investor Presentation Deck

Q1'21 Financial Highlights $455 Q1 20 Revenue ($M) $512 Q1 21 $73 16% $149 Q1 20 - Non-GAAP operating margin Operating income is non-GAAP and excludes stock-based compensation expense and certain non-recurring adjustments. See appendix for non-GAAP reconciliation. 29% Q1 21 Operating Income ($M) 24

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