Dropbox Investor Presentation Deck

Non-GAAP reconciliation Loss from operations - GAAP Stock-based compensation Donation of common stock to the Dropbox Foundation Employer payroll taxes related to the release of two-tier RSUS Acquisition-related and other expenses Amortization of acquired intangible assets Income from operations - Non-GAAP $ 2017 (113.7) 164.6 9.4 60.3 Twelve months ended 2018 $ $ (494.0) 650.1 13.9 170.0 $ 2019 (80.5) 261.2 15.9 8.4 205.0

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