DBX

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Dropbox, Inc.

Recurring revenue Consumer brandTags from an AI model reading the company description.

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Key Metrics

Previous Close: $33.90
52-Week Range: $21.70 – $38.17
Market Cap: $7.45B
P/E (TTM): 18.92
EPS (TTM): 1.81
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: —
PEG Ratio: 25.61
Return on Equity: —
Return on Assets: 15.04%
Gross Margin: 79.73%
Operating Margin: 26.10%
Profit Margin: 17.49%
Current Ratio: 1.07
Debt/Equity: —
Total Debt: $3.98B
Free Cash Flow: $783.08M
Revenue Growth: 0.90%
Earnings Growth: -6.70%
Enterprise Value: $10.23B

DBX Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.32B	$2.50B	$2.55B	$2.52B
Cost of Revenue	$444.20M	$478.50M	$445.10M	$500.80M
Gross Profit	$1.88B	$2.02B	$2.10B	$2.02B
Research & Development	$891.90M	$936.50M	$914.90M	$732.00M
Selling, General & Admin	$632.30M	$703.10M	$701.90M	$600.40M
Operating Expenses	$1.52B	$1.64B	$1.62B	$1.33B
Operating Income	$356.50M	$383.50M	$486.30M	$687.80M
EBITDA	$513.60M	$553.50M	$623.60M	$853.60M
Pretax Income	$192.70M	$554.40M	$509.80M	$617.60M
Income Tax	-$360.50M	$100.80M	$57.50M	$109.20M
Net Income	$553.20M	$453.60M	$452.30M	$508.40M
Diluted EPS	1.52	1.31	1.40	1.86
Diluted Shares	363.30M	345.60M	323.40M	272.80M

DBX Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$232.80M	$614.90M	$1.33B	$891.30M
Receivables	$53.80M	$68.70M	$70.40M	$79.10M
Current Assets	$1.49B	$1.52B	$1.74B	$1.19B
Total Assets	$3.11B	$2.98B	$3.33B	$2.84B
Current Liabilities	$1.20B	$1.20B	$1.21B	$1.89B
Long-Term Debt	$1.37B	$1.38B	$2.34B	$2.12B
Total Debt	$2.29B	$2.03B	$3.00B	$3.59B
Total Liabilities	$3.42B	$3.15B	$4.08B	$4.64B
Retained Earnings	-$2.77B	-$2.74B	-$3.15B	-$3.82B
Shareholders' Equity	-$309.40M	-$165.80M	-$752.40M	-$1.80B
Working Capital	$293.30M	$315.10M	$527.60M	-$703.00M
Net Debt	$1.14B	$762.90M	$1.03B	$1.94B

DBX Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$797.30M	$783.70M	$894.10M	$951.80M
Capital Expenditure	-$34.90M	-$24.60M	-$22.70M	-$21.40M
Free Cash Flow	$762.40M	$759.10M	$871.40M	$930.40M
Depreciation & Amortisation	$157.10M	$170.00M	$137.30M	$157.40M
Stock-Based Compensation	$330.70M	$338.00M	$346.50M	$300.80M
Investing Cash Flow	-$48.50M	$395.20M	$443.80M	$111.90M
Financing Cash Flow	-$1.04B	-$799.20M	-$586.60M	-$1.53B
Share Repurchases	-$795.40M	-$539.90M	-$1.24B	-$1.71B
Net Change in Cash	-$293.00M	$379.70M	$751.30M	-$467.00M

DBX Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$624.70M	$625.70M	$634.40M	$636.20M	$629.50M	$631.50M
Cost of Revenue	$116.70M	$123.70M	$128.30M	$132.10M	$128.10M	$125.00M
Gross Profit	$508.00M	$502.00M	$506.10M	$504.10M	$501.40M	$506.50M
Research & Development	$178.40M	$184.40M	$182.30M	$186.90M	$184.20M	$188.10M
Selling, General & Admin	$145.80M	$146.60M	$149.10M	$158.90M	$144.40M	$153.60M
Operating Expenses	$324.20M	$331.00M	$331.40M	$345.80M	$328.60M	$341.70M
Operating Income	$183.80M	$171.00M	$174.70M	$158.30M	$172.80M	$164.80M
EBITDA	$221.90M	$210.00M	$214.30M	$207.40M	$211.90M	$201.20M
Pretax Income	$169.50M	$147.80M	$157.20M	$143.10M	$141.40M	$117.70M
Income Tax	$19.20M	$22.20M	$33.40M	$34.40M	$26.90M	$21.90M
Net Income	$150.30M	$125.60M	$123.80M	$108.70M	$114.50M	$95.80M
Diluted EPS	0.51	0.45	0.47	0.43	0.48	0.42
Diluted Shares	295.70M	276.70M	265.10M	254.20M	236.70M	226.80M

DBX Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$942.20M	$736.30M	$730.70M	$891.30M	$1.21B	$1.06B
Receivables	$71.60M	$75.80M	$73.90M	$79.10M	$74.70M	$76.30M
Current Assets	$1.33B	$1.11B	$1.08B	$1.19B	$1.45B	$1.27B
Total Assets	$2.96B	$2.78B	$2.80B	$2.84B	$3.03B	$2.83B
Current Liabilities	$1.84B	$1.86B	$1.90B	$1.89B	$1.18B	$1.18B
Long-Term Debt	$1.65B	$1.65B	$1.79B	$2.12B	$3.27B	$3.27B
Total Debt	$3.01B	$3.04B	$3.25B	$3.59B	$4.01B	$3.98B
Total Liabilities	$4.03B	$4.08B	$4.33B	$4.64B	$5.04B	$5.01B
Retained Earnings	-$3.34B	-$3.49B	-$3.63B	-$3.82B	-$3.92B	-$4.02B
Shareholders' Equity	-$1.08B	-$1.31B	-$1.53B	-$1.80B	-$2.01B	-$2.19B
Working Capital	-$502.20M	-$741.70M	-$820.50M	-$703.00M	$272.70M	$87.30M
Net Debt	$1.41B	$1.62B	$1.77B	$1.94B	$2.09B	$2.24B

DBX Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$153.80M	$260.50M	$302.10M	$235.40M	$204.50M	$238.50M
Capital Expenditure	-$500.00K	-$2.00M	-$8.40M	-$10.50M	-$1.20M	-$6.60M
Free Cash Flow	$153.30M	$258.50M	$293.70M	$224.90M	$203.30M	$231.90M
Depreciation & Amortisation	$38.10M	$39.00M	$39.60M	$40.70M	$39.10M	$36.40M
Stock-Based Compensation	$67.10M	$77.70M	$78.60M	$77.40M	$71.10M	$77.30M
Investing Cash Flow	$35.80M	$12.40M	$17.80M	$45.90M	$66.90M	$19.20M
Financing Cash Flow	-$578.50M	-$487.80M	-$323.60M	-$140.80M	$46.20M	-$410.00M
Share Repurchases	-$499.10M	-$410.00M	-$389.80M	-$415.00M	-$369.40M	-$330.30M
Net Change in Cash	-$388.90M	-$214.90M	-$3.70M	$140.50M	$317.60M	-$152.30M

Market Snapshot

About

Dropbox, Inc. operates a content collaboration platform that enables users to store, share, and collaborate on files across devices. The company's platform includes file synchronization, cloud storage, and team collaboration tools used by individuals and businesses. Dropbox generates revenue primarily through subscription-based pricing tiers for personal and business users. The company competes in the crowded cloud storage and productivity software market against major technology companies.