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Dropbox, Inc.(DBX)Earnings, Financials & Key Ratios
DBX•NASDAQ
$24.69
$7.98B mkt cap·17.6× P/E·Price updated May 6, 2026
AboutDropbox, Inc. provides a content collaboration platform worldwide. Its platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. As of December 31, 2021, the company had approximately 700 million registered users. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.Show more
- Revenue$2.55B+1.9%
- EBITDA$624M-12.0%
- Net Income$452M-0.3%
- EPS (Diluted)1.40+6.9%
- Gross Margin82.53%+2.1%
- EBITDA Margin24.47%-13.6%
- Operating Margin19.08%-11.4%
- Net Margin17.75%-2.1%
- ROIC33.67%+25.1%
- Interest Coverage19.37-45.3%
DBX Key Insights
Dropbox, Inc. (DBX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 34.2% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Share count reduced 6.4% through buybacks
- ✓Healthy 5Y average net margin of 12.4%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DBX Price & Volume
Dropbox, Inc. (DBX) stock price & volume — 10-year historical chart
Loading chart...
DBX Growth Metrics
Dropbox, Inc. (DBX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years8.93%
3 Years5.7%
TTM-1.07%
Profit CAGR
10 Years-
5 Years-
3 Years10.44%
TTM12.4%
EPS CAGR
10 Years-
5 Years-
3 Years18.1%
TTM31.91%
Return on Capital
10 Years-17.55%
5 Years12.42%
3 Years21.19%
Last Year24.96%
DBX Recent Earnings
Dropbox, Inc. (DBX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 12/12 qtrs (100%)
Q1 2026Latest
Feb 19, 2026EPS
$0.68
Est $0.66
+3.0%
Revenue
$636M
Est $629M
+1.2%
Q4 2025
Nov 6, 2025EPS
$0.74
Est $0.65
+14.2%
Revenue
$634M
Est $624M
+1.7%
Q3 2025
Aug 7, 2025EPS
$0.71
Est $0.63
+12.7%
Revenue
$626M
Est $620M
+0.9%
Q2 2025
May 8, 2025EPS
$0.70
Est $0.62
+12.5%
Revenue
$625M
Est $620M
+0.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.68vs $0.66+3.0% | $636Mvs $629M+1.2% |
| Q4 2025 | Nov 6, 2025 | $0.74vs $0.65+14.2% | $634Mvs $624M+1.7% |
| Q3 2025 | Aug 7, 2025 | $0.71vs $0.63+12.7% | $626Mvs $620M+0.9% |
| Q2 2025 | May 8, 2025 | $0.70vs $0.62+12.5% | $625Mvs $620M+0.7% |
Based on last 12 quarters of dataView full earnings history →
DBX Peer Comparison
Dropbox, Inc. (DBX) competitors in Content collaboration and file sharing — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BOX | 3.5B | 24.24 | 41.08 | 7.99% | 8.61% | 47.86% | 0.39 | |
 DOCN | 16.49B | 161.01 | 63.89 | 15.48% | 26.8% | 165.69% | ||
 MSFT | 3.07T | 413.87 | 30.34 | 14.93% | 39.34% | 33.13% | 0.33 | |
 GOOGL | 4.81T | 397.82 | 36.80 | 15.13% | 37.91% | 38.98% | 0.14 | |
 AAPL | 4.22T | 287.46 | 38.53 | 6.43% | 27.15% | 146.69% | 1.52 | |
 AMZN | 2.96T | 274.95 | 38.35 | 12.38% | 12.22% | 23.34% | 0.37 | |
 OTEX | 5.8B | 23.03 | 13.96 | -7.31% | 8.42% | 10.79% | 1.69 | |
 OKTA | 13.98B | 77.47 | 59.13 | 11.84% | 8.05% | 3.45% | 0.06 |
Compare DBX vs Peers
Dropbox, Inc. (DBX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DBX Income Statement
Dropbox, Inc. (DBX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 844.8M | 1.11B | 1.39B | 1.66B | 1.91B | 2.16B | 2.32B | 2.5B | 2.55B | 2.52B |
| Revenue Growth % | 39.91% | 31.01% | 25.74% | 19.37% | 15.2% | 12.75% | 7.74% | 7.6% | 1.86% | -1.07% |
| Cost of Goods Sold | 390.6M | 368.9M | 394.7M | 411M | 414.6M | 444.2M | 444.2M | 478.5M | 445.1M | 500.7M |
| COGS % of Revenue | 46.24% | 33.33% | 28.36% | 24.74% | 21.66% | 20.58% | 19.11% | 19.13% | 17.47% | - |
| Gross Profit | 454.2M▲ 0% | 737.9M▲ 62.5% | 997M▲ 35.1% | 1.25B▲ 25.4% | 1.5B▲ 19.9% | 1.71B▲ 14.3% | 1.88B▲ 9.7% | 2.02B▲ 7.6% | 2.1B▲ 4.0% | 2.02B▲ 0% |
| Gross Margin % | 53.76% | 66.67% | 71.64% | 75.26% | 78.34% | 79.42% | 80.89% | 80.87% | 82.53% | 80.14% |
| Gross Profit Growth % | 131.26% | 62.46% | 35.11% | 25.41% | 19.92% | 14.3% | 9.74% | 7.57% | 3.95% | - |
| Operating Expenses | 647.7M | 851.6M | 1.49B | 1.33B | 1.78B | 1.44B | 1.7B | 1.48B | 1.62B | 1.33B |
| OpEx % of Revenue | 76.67% | 76.94% | 107.14% | 80.11% | 92.81% | 66.7% | 73.1% | 59.34% | 63.45% | - |
| Selling, General & Admin | 358M | 471.3M | 722.8M | 668.7M | 650.6M | 652.1M | 632.3M | 703.1M | 701.9M | 599.9M |
| SG&A % of Revenue | 42.38% | 42.58% | 51.94% | 40.25% | 33.99% | 30.22% | 27.2% | 28.11% | 27.54% | - |
| Research & Development | 289.7M | 380.3M | 768.2M | 662.1M | 727.5M | 755.9M | 891.9M | 936.5M | 914.9M | 730.2M |
| R&D % of Revenue | 34.29% | 34.36% | 55.2% | 39.85% | 38.01% | 35.03% | 38.36% | 37.44% | 35.9% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 398.2M | 31.3M | 175.2M | -155.2M | 100K | -800K |
| Operating Income | -193.5M▲ 0% | -113.7M▲ 41.2% | -494M▼ 334.5% | -80.5M▲ 83.7% | -277M▼ 244.1% | 274.4M▲ 199.1% | 181.3M▼ 33.9% | 538.7M▲ 197.1% | 486.2M▼ 9.7% | 689.1M▲ 0% |
| Operating Margin % | -22.9% | -10.27% | -35.5% | -4.85% | -14.47% | 12.72% | 7.8% | 21.53% | 19.08% | 27.33% |
| Operating Income Growth % | 36.81% | 41.24% | -334.48% | 83.7% | -244.1% | 199.06% | -33.93% | 197.13% | -9.75% | - |
| EBITDA | -1.9M | 68.1M | -327.2M | 93M | -117.7M | 425.8M | 338.4M | 708.7M | 623.5M | 811.8M |
| EBITDA Margin % | -0.22% | 6.15% | -23.51% | 5.6% | -6.15% | 19.73% | 14.56% | 28.33% | 24.47% | 32.2% |
| EBITDA Growth % | 98.79% | 3684.21% | -580.47% | 128.42% | -226.56% | 461.77% | -20.53% | 109.43% | -12.02% | 30.2% |
| D&A (Non-Cash Add-back) | 191.6M | 181.8M | 166.8M | 173.5M | 159.3M | 151.4M | 157.1M | 170M | 137.3M | 116.6M |
| EBIT | -193.5M | -113.7M | -494M | -80.5M | 121.2M | 305.7M | 356.5M | 383.5M | 486.3M | 549.4M |
| Net Interest Income | -16.4M | -11M | 7.1M | 12.5M | 1.7M | -5.2M | 3.3M | 19.4M | 13.9M | -53.5M |
| Interest Income | 0 | 0 | 7.1M | 22.8M | 12.5M | 7.5M | 15.7M | 34.6M | 39M | 29.2M |
| Interest Expense | 16.4M | 11M | 0 | 10.3M | 10.8M | 12.7M | 12.4M | 15.2M | 25.1M | 57.6M |
| Other Income/Expense | -11.5M | 2.2M | 13.9M | 28.5M | 26.8M | 24.9M | 11.4M | 15.7M | 23.6M | -71.5M |
| Pretax Income | -205M▲ 0% | -111.5M▲ 45.6% | -480.1M▼ 330.6% | -52M▲ 89.2% | -250.2M▼ 381.2% | 299.3M▲ 219.6% | 192.7M▼ 35.6% | 554.4M▲ 187.7% | 509.8M▼ 8.0% | 617.6M▲ 0% |
| Pretax Margin % | -24.27% | -10.07% | -34.5% | -3.13% | -13.07% | 13.87% | 8.29% | 22.16% | 20.01% | 24.5% |
| Income Tax | 5.2M | 200K | 4.8M | 700K | 6.1M | -36.5M | -360.5M | 100.8M | 57.5M | 40.4M |
| Effective Tax Rate % | -2.54% | -0.18% | -1% | -1.35% | -2.44% | -12.2% | -187.08% | 18.18% | 11.28% | 6.54% |
| Net Income | -210.2M▲ 0% | -111.7M▲ 46.9% | -484.9M▼ 334.1% | -52.7M▲ 89.1% | -256.3M▼ 386.3% | 335.8M▲ 231.0% | 553.2M▲ 64.7% | 453.6M▼ 18.0% | 452.3M▼ 0.3% | 508.4M▲ 0% |
| Net Margin % | -24.88% | -10.09% | -34.84% | -3.17% | -13.39% | 15.56% | 23.79% | 18.13% | 17.75% | 20.17% |
| Net Income Growth % | 35.5% | 46.86% | -334.11% | 89.13% | -386.34% | 231.02% | 64.74% | -18% | -0.29% | 12.4% |
| Net Income (Continuing) | -210.2M | -111.7M | -484.9M | -52.7M | -256.3M | 335.8M | 553.2M | 453.6M | 452.3M | 508.4M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.59▲ 0% | -0.28▲ 52.5% | -1.35▼ 382.1% | -0.13▲ 90.4% | -0.62▼ 376.9% | 0.85▲ 237.1% | 1.52▲ 78.8% | 1.31▼ 13.8% | 1.40▲ 6.9% | 2.00▲ 0% |
| EPS Growth % | 66.09% | 52.54% | -382.14% | 90.37% | -376.92% | 237.1% | 78.82% | -13.82% | 6.87% | 31.91% |
| EPS (Basic) | -0.59 | -0.28 | -1.35 | -0.13 | -0.62 | 0.87 | 1.53 | 1.33 | 1.42 | - |
| Diluted Shares Outstanding | 358.6M | 393.02M | 358.6M | 411.6M | 414.3M | 395.8M | 363.3M | 345.6M | 323.4M | 254.2M |
| Basic Shares Outstanding | 358.6M | 393.02M | 358.6M | 411.6M | 414.3M | 388M | 361.2M | 341.2M | 318.2M | 250.4M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
DBX Balance Sheet
Dropbox, Inc. (DBX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 413.4M | 518.1M | 1.21B | 1.24B | 1.23B | 1.85B | 1.49B | 1.52B | 1.74B | 1.19B |
| Cash & Short-Term Investments | 352.7M | 430M | 1.09B | 1.16B | 1.12B | 1.72B | 1.34B | 1.36B | 1.59B | 1.04B |
| Cash Only | 352.7M | 430M | 519.3M | 551.3M | 314.9M | 533M | 232.8M | 614.9M | 1.33B | 891.3M |
| Short-Term Investments | 0 | 0 | 570M | 607.7M | 806.4M | 1.19B | 1.11B | 741.1M | 265.9M | 146.9M |
| Accounts Receivable | 13.2M | 29.3M | 28.6M | 36.7M | 43.4M | 49.6M | 53.8M | 68.7M | 70.4M | 79.1M |
| Days Sales Outstanding | 5.7 | 9.66 | 7.5 | 8.06 | 8.28 | 8.39 | 8.45 | 10.02 | 10.08 | 10.87 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 92.6M | 91.9M | 73.8M | 73.2M |
| Total Non-Current Assets | 590.8M | 501.8M | 483.9M | 1.46B | 1.16B | 1.24B | 1.62B | 1.47B | 1.59B | 1.65B |
| Property, Plant & Equipment | 444M | 341.9M | 310.6M | 1.1B | 809.2M | 735.9M | 569M | 493M | 517.7M | 649.1M |
| Fixed Asset Turnover | 1.90x | 3.24x | 4.48x | 1.51x | 2.37x | 2.93x | 4.09x | 5.07x | 4.92x | 4.14x |
| Goodwill | 96M | 98.9M | 96.5M | 234.5M | 236.9M | 356.6M | 403.3M | 402.2M | 442.8M | 454.9M |
| Intangible Assets | 24.2M | 17M | 14.7M | 47.4M | 33.5M | 53.6M | 88.3M | 58.1M | 54.9M | 33.7M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 26.6M | 44M | 62.1M | 70.9M | 80.1M | 54.2M | 61M | 53.2M | 104.7M | 903M |
| Total Assets | 1B▲ 0% | 1.02B▲ 1.6% | 1.69B▲ 66.1% | 2.7B▲ 59.3% | 2.39B▼ 11.6% | 3.09B▲ 29.5% | 3.11B▲ 0.6% | 2.98B▼ 4.1% | 3.33B▲ 11.5% | 2.84B▲ 0% |
| Asset Turnover | 0.84x | 1.09x | 0.82x | 0.62x | 0.80x | 0.70x | 0.75x | 0.84x | 0.77x | 0.89x |
| Asset Growth % | -0.62% | 1.56% | 66.1% | 59.33% | -11.56% | 29.49% | 0.61% | -4.07% | 11.45% | 2% |
| Total Current Liabilities | 635.3M | 738.4M | 837.5M | 1.01B | 1.09B | 1.18B | 1.2B | 1.2B | 1.21B | 1.89B |
| Accounts Payable | 15.5M | 31.9M | 33.3M | 40.7M | 18.7M | 25.7M | 38.6M | 38.5M | 36.5M | 24.3M |
| Days Payables Outstanding | 14.48 | 31.56 | 30.79 | 36.14 | 16.46 | 21.12 | 31.72 | 29.37 | 29.93 | 24.31 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10M | 210.6M |
| Deferred Revenue (Current) | 353M | 417.9M | 485M | 554.2M | 610.5M | 671.5M | 702.6M | 725M | 727.7M | 2.21B |
| Other Current Liabilities | 52.3M | 70.7M | 121.9M | 101.4M | 113.6M | 139.1M | 131.7M | 109.2M | 105.2M | 953.2M |
| Current Ratio | 0.65x | 0.70x | 1.45x | 1.23x | 1.13x | 1.57x | 1.25x | 1.26x | 1.44x | 1.44x |
| Quick Ratio | 0.65x | 0.70x | 1.45x | 1.23x | 1.13x | 1.57x | 1.25x | 1.26x | 1.44x | 1.44x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | -13.44 |
| Total Non-Current Liabilities | 246.1M | 178.6M | 179.8M | 876M | 965.6M | 2.21B | 2.22B | 1.95B | 2.87B | 2.75B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 1.37B | 1.37B | 1.38B | 2.34B | 1.94B |
| Capital Lease Obligations | 129.6M | 71.6M | 89.9M | 850.1M | 931.2M | 799.7M | 736.9M | 479.2M | 453.9M | 1.58B |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 74.1M | 0 | 0 | 0 |
| Other Non-Current Liabilities | 44M | 37.2M | 8.9M | 25.9M | 34.4M | 39.4M | 112.1M | 90.8M | 68.4M | 988.1M |
| Total Liabilities | 881.4M | 917M | 1.02B | 1.89B | 2.05B | 3.39B | 3.42B | 3.15B | 4.08B | 4.64B |
| Total Debt | 257.2M | 174.3M | 163.7M | 1.01B | 1.12B | 2.37B | 2.29B | 2.03B | 3B | 2.15B |
| Net Debt | -95.5M | -255.7M | -355.6M | 455.4M | 804.6M | 1.84B | 2.06B | 1.42B | 1.67B | 1.26B |
| Debt / Equity | 2.09x | 1.69x | 0.24x | 1.25x | 3.35x | - | - | - | - | -1.20x |
| Debt / EBITDA | - | 2.56x | - | 10.82x | - | 5.56x | 6.78x | 2.87x | 4.81x | 2.65x |
| Net Debt / EBITDA | - | -3.75x | - | 4.90x | - | 4.31x | 6.09x | 2.00x | 2.68x | 2.68x |
| Interest Coverage | -11.80x | -10.34x | - | -7.82x | -25.65x | 21.61x | 14.62x | 35.44x | 19.37x | 9.54x |
| Total Equity | 122.8M▲ 0% | 102.9M▼ 16.2% | 676.8M▲ 557.7% | 808.4M▲ 19.4% | 333.8M▼ 58.7% | -293.9M▼ 188.0% | -309.4M▼ 5.3% | -165.8M▲ 46.4% | -752.4M▼ 353.8% | -1.8B▲ 0% |
| Equity Growth % | -33.84% | -16.21% | 557.73% | 19.44% | -58.71% | -188.05% | -5.27% | 46.41% | -353.8% | -858.91% |
| Book Value per Share | 0.34 | 0.26 | 1.89 | 1.96 | 0.81 | -0.74 | -0.85 | -0.48 | -2.33 | -7.07 |
| Total Shareholders' Equity | 122.8M | 102.9M | 676.8M | 808.4M | 333.8M | -293.9M | -309.4M | -165.8M | -752.4M | -1.8B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -937.5M | -1.05B | -1.66B | -1.73B | -2.24B | -2.74B | -2.77B | -2.74B | -3.15B | -3.82B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1M | 4.2M | -1.2M | 3.3M | 10.9M | -2.6M | -48.9M | -21.5M | -10.1M | 5.7M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
DBX Cash Flow Statement
Dropbox, Inc. (DBX) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 252.6M | 330.3M | 425.4M | 528.5M | 570.8M | 729.8M | 797.3M | 783.7M | 894.1M | 894.1M |
| Operating CF Margin % | 29.9% | 29.84% | 30.57% | 31.81% | 29.82% | 33.82% | 34.29% | 31.33% | 35.09% | - |
| Operating CF Growth % | 1606.76% | 30.76% | 28.79% | 24.24% | 8% | 27.86% | 9.25% | -1.71% | 14.09% | 20.88% |
| Net Income | -210.2M | -111.7M | -484.9M | -52.7M | -256.3M | 335.8M | 553.2M | 453.6M | 452.3M | 508.4M |
| Depreciation & Amortization | 191.6M | 181.8M | 166.8M | 173.5M | 159.3M | 151.4M | 157.1M | 170M | 137.3M | 166M |
| Stock-Based Compensation | 147.6M | 164.6M | 650.1M | 261.2M | 261.5M | 287.1M | 330.7M | 338M | 346.5M | 222.2M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 380.7M | 31.3M | -396.3M | 38.4M | -5.4M | 20.3M |
| Other Non-Cash Items | 4.8M | 14.3M | 10.2M | 900K | 21.8M | -13.9M | 252.5M | -97.6M | 60M | 108.5M |
| Working Capital Changes | 118.8M | 81.3M | 83.2M | 145.6M | 3.8M | -61.9M | -99.9M | -118.7M | -96.6M | -73.6M |
| Change in Receivables | 1M | -14.4M | 100K | -7.5M | -5.5M | -6.2M | -5.5M | -14.5M | -2.4M | -1.9M |
| Change in Inventory | 0 | 0 | 0 | 7.5M | 5.5M | 6.2M | 5.5M | 0 | 0 | 0 |
| Change in Payables | 5.5M | 16.2M | -1.7M | 6.4M | -19.9M | 7.6M | 13M | 1.2M | -4.5M | -12.6M |
| Cash from Investing | -118M | -23.9M | -633.8M | -320M | -233.6M | -524.8M | -48.5M | 395.2M | 443.8M | 111.9M |
| Capital Expenditures | -123.7M | -26.1M | -66M | -137.8M | -80.3M | -28.9M | -34.9M | -24.6M | -22.5M | -21M |
| CapEx % of Revenue | 14.64% | 2.36% | 4.74% | 8.29% | 4.2% | 1.34% | 1.5% | 0.98% | 0.88% | - |
| Acquisitions | 2.1M | 0 | 66M | -173.9M | 80.3M | -140M | -64.8M | 0 | -57.8M | -13.1M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 5.7M | 2.2M | -67M | 16.2M | -63M | 40.2M | 19.6M | 23.9M | 31M | 44.6M |
| Cash from Financing | -134.5M | -231.7M | 300.8M | -176.7M | -577.7M | 16.2M | -1.04B | -799.2M | -586.6M | -1.53B |
| Debt Issued (Net) | -132.9M | -139.2M | -109.1M | -92.9M | -89.5M | 1.01B | -127.5M | -126.6M | 870.6M | 40.2M |
| Equity Issued (Net) | 0 | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -3M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -87.9M | -351.9M | 0 | -397.5M | -1.06B | -795.4M | -539.9M | -1.24B | -1.75B |
| Other Financing | -1.6M | -5.1M | -6.5M | -600K | -93M | 54.4M | -119.4M | -135.2M | -216.5M | -236.3M |
| Net Change in Cash | -4.2M▲ 0% | 77.3M▲ 1940.5% | 89.3M▲ 15.5% | 32M▼ 64.2% | -236.4M▼ 838.7% | 218.1M▲ 192.3% | -300.2M▼ 237.6% | 382.1M▲ 227.3% | 745.6M▲ 95.1% | -454.6M▲ 0% |
| Free Cash Flow | 128.9M▲ 0% | 304.2M▲ 136.0% | 359.4M▲ 18.1% | 390.7M▲ 8.7% | 490.5M▲ 25.5% | 700.9M▲ 42.9% | 762.4M▲ 8.8% | 759.1M▼ 0.4% | 871.6M▲ 14.8% | 930.8M▲ 0% |
| FCF Margin % | 15.26% | 27.48% | 25.82% | 23.52% | 25.63% | 32.48% | 32.79% | 30.34% | 34.2% | 36.92% |
| FCF Growth % | 288.18% | 136% | 18.15% | 8.71% | 25.54% | 42.9% | 8.77% | -0.43% | 14.82% | 6.79% |
| FCF per Share | 0.36 | 0.77 | 1.00 | 0.95 | 1.18 | 1.77 | 2.10 | 2.20 | 2.70 | 2.70 |
| FCF Conversion (FCF/Net Income) | -1.20x | -2.96x | -0.88x | -10.03x | -2.23x | 2.17x | 1.44x | 1.73x | 1.98x | 1.83x |
| Interest Paid | 14.9M | 10.8M | 8.3M | 9.8M | 9.6M | 8.5M | 8.2M | 10.5M | 15.2M | 0 |
| Taxes Paid | 1.5M | 3.4M | 1.4M | 600K | 5M | 4.2M | 27.6M | 68.2M | 61M | 0 |
DBX Key Ratios
Dropbox, Inc. (DBX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -136.32% | -98.98% | -124.38% | -7.1% | -44.88% | 1683.21% | - | - | - | -35.62% |
| Return on Invested Capital (ROIC) | -181.18% | - | -440.02% | -7.62% | -17.3% | 15.36% | 8.26% | 26.91% | 33.67% | 33.67% |
| Gross Margin | 53.76% | 66.67% | 71.64% | 75.26% | 78.34% | 79.42% | 80.89% | 80.87% | 82.53% | 80.14% |
| Net Margin | -24.88% | -10.09% | -34.84% | -3.17% | -13.39% | 15.56% | 23.79% | 18.13% | 17.75% | 20.17% |
| Debt / Equity | 2.09x | 1.69x | 0.24x | 1.25x | 3.35x | - | - | - | - | -1.20x |
| Interest Coverage | -11.80x | -10.34x | - | -7.82x | -25.65x | 21.61x | 14.62x | 35.44x | 19.37x | 9.54x |
| FCF Conversion | -1.20x | -2.96x | -0.88x | -10.03x | -2.23x | 2.17x | 1.44x | 1.73x | 1.98x | 1.83x |
| Revenue Growth | 39.91% | 31.01% | 25.74% | 19.37% | 15.2% | 12.75% | 7.74% | 7.6% | 1.86% | -1.07% |
DBX SEC Filings & Documents
Dropbox, Inc. (DBX) SEC filings — annual & quarterly reports (10-K, 10-Q)
DBX Frequently Asked Questions
Dropbox, Inc. (DBX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Dropbox, Inc. (DBX) reported $2.52B in revenue for fiscal year 2024. This represents a 318% increase from $603.8M in 2015.
Dropbox, Inc. (DBX) grew revenue by 1.9% over the past year. Growth has been modest.
Yes, Dropbox, Inc. (DBX) is profitable, generating $508.4M in net income for fiscal year 2024 (17.7% net margin).
Dividend & Returns
Dropbox, Inc. (DBX) generated $930.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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