附近上门

Morning Report:聽罢辞诲补测听 will as a public company for the first time. Here’s what to expect.

Recent mega-unicorn IPO Dropbox will pass an important gauntlet today. The popular file storage and collaboration shop will report its first set of quarterly earnings as a public company.

Shares of Dropbox聽were up over 1.5 percent in midday trading ahead of the report. Worth $31.86 per share as of the time of writing, the company is valued sharply higher than its $21 per share IPO price.

Here is what you can expect when it drops its latest numbers:

• Revenue, profit.聽According to , Dropbox should report an adjusted per-share profit of $0.04 and $309.3 million in revenue. In the year-ago quarter, the firm generated a $247.9 million in top line. If Dropbox precisely matches expectations, it will grow by just under 25 percent.
• Losses.聽Dropbox will lose a pile of money in the quarter. As earlier this week, companies that just went public bear heavy stock vesting costs. Dropbox will take the stick for that, making its adjusted per-share profit the real line item to grok in its first report.
• Big items.聽Paying users will be key,聽. The percent growth of paying users will mimic the company’s broad top-line growth, the Journal says, which also notes that Dropbox “likely generated $113.20 from each user on average last quarter, up about 2% from a year ago” per an analyst.

Also on the agenda: cash generation, cash position, gross margin expansion or contraction, and the company’s聽resulting revenue multiple. If that list seems long, it’s because Dropbox not only wants to impress during its first earnings report, it’s also because the company is currently priced by great expectations.

We can see that in its multiples.

Yahoo Finance has Dropbox’s current, trailing revenue multiple at 5. That’s very steep by current standards鈥攏early double what many public SaaS companies enjoy鈥攊mplying that Dropbox has something special to make it worth more per dollar of revenue it generates than other cloud shops. For Dropbox, that special something has been its positive cash generation and steady revenue growth past the $1 billion yearly mark. It will need to keep both those moving if it wants to protect its multiple.

More this afternoon!

From The聽:

Stock and crypto trading platform聽聽has closed a $363 million Series D round that reportedly values the Silicon Valley company at a whopping $5.6 billion. DST Global led the financing, with participation from Iconiq, Kleiner Perkins, Sequoia and Capital G.

Pluralsight seeks IPO value over $1.5B

Another unicorn is marching toward public markets. Technical online education provider Pluralsight set a price range of up to $12 per share in its latest IPO filing. At that price, the Utah-based company would have a valuation over $1.5 billion.

Where startup CEOs went to school

There鈥檚 no degree required to be CEO of a venture-backed company. But it likely helps to graduate from Harvard, Stanford, or one of about a dozen other prominent universities that churn out a high number of top startup executives, a 附近上门 News analysis finds.

Not everyone is seeing valuations soar. Boston-based聽, a provider of messaging and video conferencing for the workplace, raised $150 million in a late-stage round led by Summit Partners. The financing reportedly cuts the company鈥檚 valuation in half from year-ago levels.