Dropbox Results Presentation Deck

Financial Strategy Long-term targets 80%-82% Non-GAAP Gross Margin(¹) 30%-32% Non-GAAP Operating Margin(¹)(2) (1) All descriptions of any future targets in these materials, including, without limitation, on this slide, are described as of August 3, 2023. (2) Operating margin is non-GAAP and excludes stock-based compensation expense and certain non-recurring adjustments. See appendix for non-GAAP reconciliation. (3) Free cash flow is GAAP net cash provided by operating activities less capital expenditures. See appendix for non-GAAP reconciliation. (4) Inclusive of $36M in impact we presently expect from R&D tax legislation Dropbox ~$964 M Free Cash Flow by 2024(1)(3)(4) 24

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