Dropbox Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	730.7	1,328	614.9	232.8	533	314.9
Short-Term Investments	194.6	265.9	741.1	1,111	1,185	806.4
Cash & Short-Term Investments	925.3	1,594	1,356	1,343	1,718	1,121
Cash Growth	3.87%	17.57%	0.94%	-21.81%	53.22%	-3.25%
Accounts Receivable	73.9	70.4	68.7	53.8	49.6	43.4
Other Receivables	-	-	-	6.5	4.1	2.7
Receivables	73.9	70.4	68.7	60.3	53.7	46.1
Prepaid Expenses	63.3	51.4	68.5	52.5	47.2	33.4
Restricted Cash	2.8	1.1	-	-	-	-
Other Current Assets	17.4	21.3	23.4	33.6	30.8	26.7
Total Current Assets	1,083	1,738	1,517	1,490	1,850	1,228
Property, Plant & Equipment	657.6	517.7	493	569	735.9	809.2
Goodwill	453.4	442.8	402.2	403.3	356.6	236.9
Other Intangible Assets	40.4	54.9	58.1	88.3	53.6	33.5
Long-Term Deferred Tax Assets	433.9	466.7	460.4	498.7	41.2	-
Long-Term Deferred Charges	19.1	21.9	22	25.7	34.6	47.3
Other Long-Term Assets	108.7	82.8	31.2	35.3	19.6	32.8
Total Assets	2,796	3,325	2,984	3,110	3,091	2,387
Accounts Payable	37.3	36.5	38.5	38.6	25.7	18.7
Accrued Expenses	226.3	244.4	247.5	271.6	279.9	270.3
Current Portion of Long-Term Debt	706.4	10	-	-	-	-
Current Portion of Leases	184.1	188.2	173.6	183.7	198.7	188.3
Current Unearned Revenue	740.6	727.7	725	702.6	671.5	610.5
Other Current Liabilities	8.5	4	16.9	-	-	-
Total Current Liabilities	1,903	1,211	1,202	1,197	1,176	1,088
Long-Term Debt	1,792	2,345	1,378	1,374	1,370	-
Long-Term Leases	572.3	453.9	479.2	736.9	799.7	931.2
Other Long-Term Liabilities	59.6	68.4	90.8	112.1	39.4	34.4
Total Liabilities	4,327	4,078	3,149	3,420	3,385	2,053
Additional Paid-In Capital	2,100	2,404	2,598	2,512	2,448	2,564
Retained Earnings	-3,634	-3,147	-2,742	-2,772	-2,739	-2,241
Comprehensive Income & Other	2.1	-10.1	-21.5	-48.9	-2.6	10.9
Total Common Equity	-1,531	-752.4	-165.8	-309.4	-293.9	333.8
Shareholders' Equity	-1,531	-752.4	-165.8	-309.4	-293.9	333.8
Total Liabilities & Equity	2,796	3,325	2,984	3,110	3,091	2,387
Total Debt	3,255	2,997	2,031	2,295	2,369	1,120
Net Cash (Debt)	-2,329	-1,402	-674.6	-951.2	-650.6	1.8
Net Cash Growth	-	-	-	-	-	-98.82%
Net Cash Per Share	-6.35	-3.48	-1.58	-2.13	-1.64	0.00
Filing Date Shares Outstanding	258.74	301.75	343.98	357.86	381.65	414.72
Total Common Shares Outstanding	255.5	295.9	336.7	349.4	375.5	405.8
Working Capital	-820.5	527.6	315.1	293.3	674	139.7
Book Value Per Share	-5.99	-2.54	-0.49	-0.89	-0.78	0.82
Tangible Book Value	-2,025	-1,250	-626.1	-801	-704.1	63.4
Tangible Book Value Per Share	-7.93	-4.22	-1.86	-2.29	-1.88	0.16
Machinery	807.3	840.9	794.8	691.1	656.2	672.6
Construction In Progress	28.8	0.2	4.6	2.8	11.7	21
Leasehold Improvements	95.1	101.9	96.1	118	106.7	96.9

Source: S&P Global Market Intelligence. Standard template. Financial Sources.