Dropbox, Inc. (DBX) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.45B | 1.17B | 1.08B | 1.11B | 1.33B | 1.74B | 1.05B | 1.23B | 1.34B | 1.52B | 1.47B | 1.38B | 1.4B | 1.49B | 1.58B | 1.59B | 1.62B | 1.85B | 2.06B | 2.07B |
| Cash & Short-Term Investments | 1.29B | 1.04B | 925.3M | 954.7M | 1.18B | 1.59B | 890.8M | 1.06B | 1.18B | 1.36B | 1.31B | 1.23B | 1.25B | 1.34B | 1.45B | 1.45B | 1.5B | 1.72B | 1.93B | 1.94B |
| Cash Only | 1.21B | 891.3M | 730.7M | 736.3M | 942.2M | 1.33B | 517.6M | 515.1M | 548.9M | 614.9M | 604.3M | 510.3M | 332.7M | 232.8M | 372M | 352.1M | 445.5M | 533M | 688.9M | 885.3M |
| Short-Term Investments | 81.4M | 146.9M | 194.6M | 218.4M | 237.8M | 265.9M | 373.2M | 547.4M | 627M | 741.1M | 704.6M | 717.2M | 920.4M | 1.11B | 1.08B | 1.09B | 1.05B | 1.19B | 1.24B | 1.06B |
| Accounts Receivable | 74.7M | 79.1M | 73.9M | 75.8M | 71.6M | 70.4M | 69.5M | 67.1M | 66.7M | 68.7M | 64.1M | 60.3M | 57.6M | 53.8M | 49.7M | 46.7M | 44.6M | 49.6M | 40.9M | 52.2M |
| Days Sales Outstanding | 10.99 | 11.06 | 10.85 | 10.72 | 10.23 | 10 | 9.84 | 9.59 | 9.76 | 9.62 | 9.04 | 8.62 | 8.2 | 7.95 | 7.5 | 7.25 | 7.54 | 7.36 | 7.78 | 8.81 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 84.9M | 53.9M | 0 | 83M | 83.2M | 73.8M | 85.2M | 101.8M | 96.6M | 91.9M | 94.1M | 92.7M | 89M | 92.6M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 1.58B | 1.74B | 1.71B | 1.67B | 1.62B | 1.59B | 1.53B | 1.49B | 1.46B | 1.47B | 1.54B | 1.56B | 1.59B | 1.62B | 1.12B | 1.17B | 1.23B | 1.24B | 1.28B | 1.26B |
| Property, Plant & Equipment | 619M | 649.1M | 657.6M | 585.3M | 546M | 517.7M | 514.2M | 500.6M | 492.6M | 493M | 543.3M | 537.4M | 555.4M | 569M | 661.2M | 693.1M | 736.4M | 735.9M | 810.6M | 780.5M |
| Fixed Asset Turnover | 0.99x | 0.97x | 1.02x | 1.11x | 1.17x | 1.25x | 1.26x | 1.28x | 1.28x | 1.23x | 1.17x | 1.14x | 1.09x | 0.97x | 0.87x | 0.80x | 0.76x | 0.73x | 0.69x | 0.68x |
| Goodwill | 455.5M | 454.9M | 453.4M | 452.3M | 442.6M | 442.8M | 442.7M | 411.9M | 401.8M | 402.2M | 400.5M | 402.1M | 402.5M | 403.3M | 352.6M | 353.9M | 355.9M | 356.6M | 347.2M | 346.8M |
| Intangible Assets | 27.4M | 33.7M | 40.4M | 42.5M | 48.8M | 54.9M | 62.2M | 56.4M | 51.6M | 58.1M | 65.8M | 73.5M | 80.8M | 88.3M | 42.6M | 46.5M | 50M | 53.6M | 49.6M | 48.9M |
| Long-Term Investments | 0 | 14.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 75.3M | 103.5M | 561.7M | 120.4M | 119.9M | 104.7M | 54M | 56.7M | 51.7M | 53.2M | 47M | 53.9M | 59.9M | 61M | 66.7M | 72.2M | 86.8M | 54.2M | 75.4M | 84.6M |
| Total Assets | 3.03B | 2.92B | 2.8B | 2.78B | 2.96B | 3.33B | 2.58B | 2.72B | 2.8B | 2.98B | 3.01B | 2.94B | 2.99B | 3.11B | 2.7B | 2.76B | 2.85B | 3.09B | 3.34B | 3.33B |
| Asset Turnover | 0.21x | 0.22x | 0.23x | 0.22x | 0.20x | 0.22x | 0.24x | 0.23x | 0.22x | 0.21x | 0.21x | 0.21x | 0.20x | 0.21x | 0.22x | 0.20x | 0.19x | 0.18x | 0.17x | 0.16x |
| Asset Growth % | 2.49% | -12.3% | 8.5% | 2.24% | 5.7% | 11.45% | -14.41% | -7.49% | -6.55% | -4.07% | 11.39% | 6.52% | 4.97% | 0.61% | -19.06% | -17.11% | -13.77% | 29.49% | 16.66% | 21.36% |
| Total Current Liabilities | 1.18B | 1.89B | 1.9B | 1.86B | 1.84B | 1.21B | 1.2B | 1.18B | 1.17B | 1.2B | 1.2B | 1.18B | 1.15B | 1.2B | 1.16B | 1.14B | 1.12B | 1.18B | 1.18B | 1.13B |
| Accounts Payable | 32.1M | 24.3M | 37.3M | 38.2M | 33.6M | 36.5M | 35.5M | 37.8M | 32M | 38.5M | 45.2M | 44.3M | 38.6M | 38.6M | 34.4M | 30.3M | 24.4M | 25.7M | 23M | 31.6M |
| Days Payables Outstanding | 19.81 | 21.45 | 27.07 | 26.43 | 27.03 | 27.42 | 30.24 | 29.68 | 30.32 | 31.56 | 34.42 | 31.41 | 29.74 | 29 | 27.13 | 23.52 | 19.97 | 19.35 | 22.43 | 25.19 |
| Short-Term Debt | 212.1M | 906M | 706.4M | 704.3M | 703.8M | 10M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 746.9M | 729.7M | 0 | 742.6M | 739.8M | 727.7M | 739.8M | 743M | 741.8M | 725M | 734.7M | 734.5M | 727.7M | 702.6M | 698.6M | 691.9M | 691.7M | 671.5M | 668M | 657.5M |
| Other Current Liabilities | 184.6M | 121.7M | 740.6M | 74M | 48.6M | 105.2M | 91.3M | 84.1M | 42.7M | 109.2M | 86.4M | 66.5M | 40.1M | 131.7M | 102.3M | 73.5M | 44.6M | 139.1M | 107.1M | 76.4M |
| Current Ratio | 1.23x | 0.62x | 0.57x | 0.60x | 0.73x | 1.44x | 0.87x | 1.04x | 1.15x | 1.26x | 1.23x | 1.17x | 1.21x | 1.25x | 1.37x | 1.40x | 1.45x | 1.57x | 1.75x | 1.84x |
| Quick Ratio | 1.23x | 0.62x | 0.57x | 0.60x | 0.73x | 1.44x | 0.87x | 1.04x | 1.15x | 1.26x | 1.23x | 1.17x | 1.21x | 1.25x | 1.37x | 1.40x | 1.45x | 1.57x | 1.75x | 1.84x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 3.87B | 2.82B | 2.42B | 2.23B | 2.2B | 2.87B | 1.92B | 1.91B | 1.91B | 1.95B | 2.16B | 2.17B | 2.21B | 2.22B | 2.14B | 2.17B | 2.2B | 2.21B | 2.33B | 2.3B |
| Long-Term Debt | 1.21B | 2.48B | 1.79B | 1.65B | 1.65B | 2.34B | 1.38B | 1.38B | 1.38B | 1.38B | 1.38B | 1.38B | 1.38B | 1.37B | 1.37B | 1.37B | 1.37B | 1.37B | 1.37B | 1.37B |
| Capital Lease Obligations | 0 | 557.4M | 572.3M | 518.6M | 484.4M | 453.9M | 453.5M | 442.1M | 445.8M | 479.2M | 704.1M | 710.9M | 724.4M | 736.9M | 723M | 751.6M | 788.9M | 799.7M | 925.8M | 897.4M |
| Deferred Tax Liabilities | 0 | 71.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 74.1M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.65B | -288.3M | 59.6M | 61.4M | 61.2M | 68.4M | 86.6M | 84M | 83.6M | 90.8M | 83.1M | 86.5M | 107M | 112.1M | 41.6M | 42.2M | 37.8M | 39.4M | 31.5M | 32.1M |
| Total Liabilities | 5.04B | 4.71B | 4.33B | 4.08B | 4.03B | 4.08B | 3.12B | 3.09B | 3.07B | 3.15B | 3.36B | 3.35B | 3.36B | 3.42B | 3.29B | 3.3B | 3.32B | 3.39B | 3.5B | 3.42B |
| Total Debt | 1.42B | 3.94B | 3.25B | 3.04B | 3.01B | 3B | 2.02B | 2.01B | 2.01B | 2.03B | 2.26B | 2.27B | 2.28B | 2.29B | 2.28B | 2.32B | 2.36B | 2.37B | 2.5B | 2.47B |
| Net Debt | 216.6M | 3.05B | 2.52B | 2.31B | 2.07B | 1.67B | 1.51B | 1.49B | 1.47B | 1.42B | 1.66B | 1.76B | 1.95B | 2.06B | 1.91B | 1.96B | 1.92B | 1.84B | 1.81B | 1.58B |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | 6.72x | 19.81x | 15.19x | 14.42x | 13.42x | 23.76x | 12.40x | 12.59x | 11.52x | 6.54x | 13.11x | 22.86x | 18.00x | - | 17.78x | 18.97x | 18.32x | 21.28x | 21.54x | 20.35x |
| Net Debt / EBITDA | 1.02x | 15.33x | 11.78x | 10.93x | 9.22x | 13.23x | 9.23x | 9.36x | 8.38x | 4.56x | 9.60x | 17.71x | 15.37x | - | 14.88x | 16.09x | 14.87x | 16.49x | 15.61x | 13.05x |
| Interest Coverage | 3.90x | 5.46x | 6.32x | 6.41x | 7.21x | 8.22x | 26.08x | 26.46x | 31.20x | 26.19x | 33.51x | 15.86x | 25.48x | - | 31.10x | 29.55x | 27.97x | 63.14x | 45.47x | 93.78x |
| Total Equity | -2.01B | -1.8B | -1.53B | -1.31B | -1.08B | -752.4M | -546.1M | -371.3M | -277.2M | -165.8M | -350.3M | -411.9M | -365.2M | -309.4M | -591.3M | -542.9M | -463.3M | -293.9M | -162.6M | -94.8M |
| Equity Growth % | -87.01% | -138.86% | -180.39% | -251.6% | -288.06% | -353.8% | -55.89% | 9.86% | 24.1% | 46.41% | 40.76% | 24.13% | 21.17% | -5.27% | -263.65% | -472.68% | -458.19% | -188.05% | -119.1% | -111.8% |
| Book Value per Share | -8.50 | -7.07 | -5.78 | -4.72 | -3.64 | -2.45 | -1.73 | -1.15 | -0.81 | -0.48 | -1.01 | -1.20 | -1.05 | -0.87 | -1.64 | -1.48 | -1.24 | -0.76 | -0.41 | -0.24 |
| Total Shareholders' Equity | -2.01B | -1.8B | -1.53B | -1.31B | -1.08B | -752.4M | -546.1M | -371.3M | -277.2M | -165.8M | -350.3M | -411.9M | -365.2M | -309.4M | -591.3M | -542.9M | -463.3M | -293.9M | -162.6M | -94.8M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -3.92B | -3.82B | -3.63B | -3.49B | -3.34B | -3.15B | -2.99B | -2.87B | -2.81B | -2.74B | -2.87B | -2.9B | -2.83B | -2.77B | -2.97B | -2.93B | -2.85B | -2.74B | -2.64B | -2.55B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 5.9M | 5.7M | 2.1M | 1.1M | -7M | -10.1M | -7.6M | -18.6M | -20.4M | -21.5M | -36.9M | -38.2M | -39.3M | -48.9M | -58.1M | -40.9M | -28.1M | -2.6M | 4.8M | 5.8M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |