Dropbox, Inc. (DBX) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 629.5M | 636.2M | 634.4M | 625.7M | 624.7M | 643.6M | 638.8M | 634.5M | 631.3M | 635M | 633M | 622.5M | 611.1M | 598.8M | 591M | 572.7M | 562.4M | 565.5M | 550.2M | 530.6M |
| Revenue Growth % | 0.77% | -1.15% | -0.69% | -1.39% | -1.05% | 1.35% | 0.92% | 1.93% | 3.31% | 6.05% | 7.11% | 8.7% | 8.66% | 5.89% | 7.42% | 7.93% | 9.93% | 12.18% | 12.88% | 13.52% |
| Cost of Goods Sold | 128.1M | 132.1M | 128.3M | 123.6M | 116.7M | 120.8M | 111.5M | 107M | 105.8M | 122M | 119.6M | 120.1M | 116.8M | 115.8M | 109.7M | 105.8M | 112.9M | 115.8M | 112M | 107.1M |
| COGS % of Revenue | 20.35% | 20.76% | 20.22% | 19.75% | 18.68% | 18.77% | 17.45% | 16.86% | 16.76% | 19.21% | 18.89% | 19.29% | 19.11% | 19.34% | 18.56% | 18.47% | 20.07% | 20.48% | 20.36% | 20.18% |
| Gross Profit | 501.4M | 504.1M | 506.1M | 502.1M | 508M | 522.8M | 527.3M | 527.5M | 525.5M | 513M | 513.4M | 502.4M | 494.3M | 483M | 481.3M | 466.9M | 449.5M | 449.7M | 438.2M | 423.5M |
| Gross Margin % | 79.65% | 79.24% | 79.78% | 80.25% | 81.32% | 81.23% | 82.55% | 83.14% | 83.24% | 80.79% | 81.11% | 80.71% | 80.89% | 80.66% | 81.44% | 81.53% | 79.93% | 79.52% | 79.64% | 79.82% |
| Gross Profit Growth % | -1.3% | -3.58% | -4.02% | -4.82% | -3.33% | 1.91% | 2.71% | 5% | 6.31% | 6.21% | 6.67% | 7.6% | 9.97% | 7.4% | 9.84% | 10.25% | 11.73% | 12.9% | 14.06% | 16.06% |
| Operating Expenses | 328.6M | 345.8M | 331.4M | 329.9M | 322.2M | 434.9M | 399.5M | 400.5M | 382M | 245.6M | 382.7M | 445.9M | 410.2M | 563.4M | 392M | 384M | 360M | 379.5M | 360.9M | 339.1M |
| OpEx % of Revenue | 52.2% | 54.35% | 52.24% | 52.72% | 51.58% | 67.57% | 62.54% | 63.12% | 60.51% | 38.68% | 60.46% | 71.63% | 67.12% | 94.09% | 66.33% | 67.05% | 64.01% | 67.11% | 65.59% | 63.91% |
| Selling, General & Admin | 144.4M | 158.9M | 149.1M | 146.1M | 145.8M | 191.8M | 173.8M | 173.4M | 162.9M | 180.9M | 166.3M | 180.9M | 175M | 162.4M | 160.4M | 160.3M | 149.2M | 163.6M | 173.6M | 153.6M |
| SG&A % of Revenue | 22.94% | 24.98% | 23.5% | 23.35% | 23.34% | 29.8% | 27.21% | 27.33% | 25.8% | 28.49% | 26.27% | 29.06% | 28.64% | 27.12% | 27.14% | 27.99% | 26.53% | 28.93% | 31.55% | 28.95% |
| Research & Development | 184.2M | 186.9M | 182.3M | 183.8M | 177.2M | 243M | 225.7M | 227.1M | 219.1M | 222.1M | 216.4M | 262.8M | 235.2M | 238.5M | 227.6M | 215M | 210.8M | 201.9M | 187.3M | 185.5M |
| R&D % of Revenue | 29.26% | 29.38% | 28.74% | 29.38% | 28.37% | 37.76% | 35.33% | 35.79% | 34.71% | 34.98% | 34.19% | 42.22% | 38.49% | 39.83% | 38.51% | 37.54% | 37.48% | 35.7% | 34.04% | 34.96% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | -800K | 100K | 0 | 0 | 0 | -1000K | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 0 | 0 |
| Operating Income | 172.8M | 158.3M | 174.7M | 172.2M | 186.1M | 87.9M | 127.8M | 127M | 143.5M | 267.4M | 130.7M | 56.5M | 84.1M | -80.4M | 89.3M | 82.9M | 89.5M | 70.2M | 77.3M | 84.4M |
| Operating Margin % | 27.45% | 24.88% | 27.54% | 27.52% | 29.79% | 13.66% | 20.01% | 20.02% | 22.73% | 42.11% | 20.65% | 9.08% | 13.76% | -13.43% | 15.11% | 14.48% | 15.91% | 12.41% | 14.05% | 15.91% |
| Operating Income Growth % | -7.15% | 80.09% | 36.7% | 35.59% | 29.69% | -67.13% | -2.22% | 124.78% | 70.63% | 432.59% | 46.36% | -31.85% | -6.03% | -214.53% | 15.52% | -1.78% | 110.59% | 120.25% | 157.67% | 559.38% |
| EBITDA | 211.9M | 199M | 214.3M | 211.1M | 224.2M | 126.1M | 163.1M | 159.4M | 174.9M | 310.4M | 172.5M | 99.2M | 126.6M | -40.8M | 128.2M | 122.1M | 128.9M | 111.3M | 116.1M | 121.2M |
| EBITDA Margin % | 33.66% | 31.28% | 33.78% | 33.74% | 35.89% | 19.59% | 25.53% | 25.12% | 27.7% | 48.88% | 27.25% | 15.94% | 20.72% | -6.81% | 21.69% | 21.32% | 22.92% | 19.68% | 21.1% | 22.84% |
| EBITDA Growth % | -5.49% | 57.81% | 31.39% | 32.43% | 28.19% | -59.38% | -5.45% | 60.69% | 38.15% | 860.78% | 34.56% | -18.76% | -1.78% | -136.66% | 10.42% | 0.74% | 66.97% | 136.16% | 63.75% | 129.11% |
| D&A (Non-Cash Add-back) | 39.1M | 40.7M | 39.6M | 38.9M | 38.1M | 38.2M | 35.3M | 32.4M | 31.4M | 43M | 41.8M | 42.7M | 42.5M | 39.6M | 38.9M | 39.2M | 39.4M | 41.1M | 38.8M | 36.8M |
| EBIT | 172.8M | 175.2M | 177.5M | 175.1M | 196.8M | 88M | 127.8M | 127M | 143.5M | 110M | 130.7M | 58.7M | 84.1M | 82.1M | 93.3M | 91.6M | 89.5M | 88.4M | 77.3M | 84.4M |
| Net Interest Income | -36.7M | -25.1M | -20.3M | -18.6M | -14.6M | -1.9M | 3.8M | 4.7M | 7.3M | 6.8M | 5M | 3.7M | 3.9M | 0 | 1.7M | -500K | -1.4M | -1.4M | -1.7M | -900K |
| Interest Income | 7.6M | 7M | 7.8M | 8.7M | 12.7M | 8.8M | 8.7M | 9.5M | 11.9M | 11M | 8.9M | 7.4M | 7.2M | 0 | 4.7M | 2.6M | 1.8M | 0 | 0 | 0 |
| Interest Expense | 44.3M | 32.1M | 28.1M | 27.3M | 27.3M | 10.7M | 4.9M | 4.8M | 4.6M | 4.2M | 3.9M | 3.7M | 3.3M | 0 | 3M | 3.1M | 3.2M | 1.4M | 1.7M | 900K |
| Other Income/Expense | -31.4M | -15.2M | -17.5M | -24.4M | -16.6M | 4.5M | 4.9M | 6.6M | 7.6M | 4.9M | 4.8M | 2.5M | 3.5M | 2M | 8.9M | -3.8M | 4.3M | 15.6M | -1.2M | 6.6M |
| Pretax Income | 141.4M | 143.1M | 157.2M | 147.8M | 169.5M | 92.4M | 132.7M | 133.6M | 151.1M | 272.3M | 135.5M | 59M | 87.6M | -78.4M | 98.2M | 79.1M | 93.8M | 85.8M | 76.1M | 91M |
| Pretax Margin % | 22.46% | 22.49% | 24.78% | 23.62% | 27.13% | 14.36% | 20.77% | 21.06% | 23.93% | 42.88% | 21.41% | 9.48% | 14.33% | -13.09% | 16.62% | 13.81% | 16.68% | 15.17% | 13.83% | 17.15% |
| Income Tax | 26.9M | 34.4M | 33.4M | 22.2M | 19.2M | -10.4M | 26M | 23.1M | 18.8M | 45M | 21.4M | 15.8M | 18.6M | -406.7M | 15M | 17.1M | 14.1M | -38.8M | 500K | 3M |
| Effective Tax Rate % | 19.02% | 24.04% | 21.25% | 15.02% | 11.33% | -11.26% | 19.59% | 17.29% | 12.44% | 16.53% | 15.79% | 26.78% | 21.23% | 518.75% | 15.27% | 21.62% | 15.03% | -45.22% | 0.66% | 3.3% |
| Net Income | 114.5M | 108.7M | 123.8M | 125.6M | 150.3M | 102.8M | 106.7M | 110.5M | 132.3M | 227.3M | 114.1M | 43.2M | 69M | 328.3M | 83.2M | 62M | 79.7M | 124.6M | 75.6M | 88M |
| Net Margin % | 18.19% | 17.09% | 19.51% | 20.07% | 24.06% | 15.97% | 16.7% | 17.42% | 20.96% | 35.8% | 18.03% | 6.94% | 11.29% | 54.83% | 14.08% | 10.83% | 14.17% | 22.03% | 13.74% | 16.59% |
| Net Income Growth % | -23.82% | 5.74% | 16.03% | 13.67% | 13.61% | -54.77% | -6.49% | 155.79% | 91.74% | -30.76% | 37.14% | -30.32% | -13.43% | 163.48% | 10.05% | -29.55% | 67.44% | 136.03% | 131.19% | 402.86% |
| Net Income (Continuing) | 114.5M | 108.7M | 123.8M | 125.6M | 150.3M | 102.8M | 106.7M | 110.5M | 132.3M | 227.3M | 114.1M | 43.2M | 69M | 328.3M | 83.2M | 62M | 79.7M | 124.6M | 75.6M | 88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.48 | 0.43 | 0.47 | 0.45 | 0.51 | 0.34 | 0.34 | 0.34 | 0.39 | 0.66 | 0.33 | 0.13 | 0.20 | 0.93 | 0.23 | 0.17 | 0.21 | 0.32 | 0.19 | 0.22 |
| EPS Growth % | -5.88% | 26.47% | 38.24% | 32.35% | 30.77% | -48.48% | 3.03% | 161.54% | 95% | -29.03% | 43.48% | -23.53% | -4.76% | 190.63% | 21.05% | -22.73% | 75% | 138.1% | 137.5% | 450% |
| EPS (Basic) | 0.49 | 0.43 | 0.47 | 0.46 | 0.52 | 0.34 | 0.34 | 0.34 | 0.40 | 0.67 | 0.34 | 0.13 | 0.20 | 0.93 | 0.23 | 0.17 | 0.22 | 0.33 | 0.20 | 0.23 |
| Diluted Shares Outstanding | 236.7M | 254.2M | 265.1M | 276.7M | 295.7M | 306.8M | 316.4M | 323.7M | 340.7M | 343.9M | 346M | 343.8M | 348.8M | 354M | 360.1M | 365.7M | 372.9M | 386.5M | 398.1M | 397M |
| Basic Shares Outstanding | 235.2M | 250.4M | 263.4M | 272.4M | 290.3M | 301.5M | 314.5M | 322.4M | 334.8M | 337.5M | 339.2M | 341.4M | 347.1M | 352.1M | 358.1M | 364.1M | 370.7M | 380.1M | 385.5M | 388.4M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |