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
398.3
79%
176.6
35%
109.9
22%
60.2
12%
398.2
79%
(346.6)
-69%
$
Three months ended December 31, 2020
Stock-based
compensation
4.5
1%
(43.0)
-9%
(8.6)
-2%
(13.3)
-3%
69.4
14%
Acquisition-related and
other expenses
$
(4.2)
-1%
4.2
1%
Amortization of
acquired intangible
$
assets
0.9
(1.5)
2.4
Impairment related
to real estate assets
$
(398.2)
-79%
398.2
79%
$
Non-GAAP
403.7
80%
129.4
26%
99.8
20%
46.9
9%
127.6
25%
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