Dropbox Investor Presentation Deck
Non-GAAP reconciliation
Gross profit
Gross margin
Research and development
Research and development margin
Sales and marketing
Sales and marketing margin
General and administrative
General and administrative margin
Impairment related to real estate assets
Impairment related to real estate assets margin
Income (loss) from operations
Operating margin
$
GAAP
1,499.3
78%
727.5
38%
422.8
22%
227.8
12%
398.2
21%
(277.0)
-14%
$
Stock-based
compensation
17.1
1%
(174.1)
-9%
(33.7)
-2%
(36.6)
-2%
261.5
14%
Twelve months ended - 2020
Acquisition-related and
other expenses
$
(16.8)
-1%
(0.1)
16.9
1%
Amortization of
acquired intangible
$
assets
3.9
(5.6)
9.5
Impairment related
to real estate assets
$
(398.2)
-21%
398.2
21%
$
Non-GAAP
1,520.3
79%
536.6
28%
383.5
20%
191.1
10%
409.1
21%
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