Dropbox Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	891.3	1,328	614.9	232.8	533
Short-Term Investments	146.9	265.9	741.1	1,111	1,185
Cash & Short-Term Investments	1,038	1,594	1,356	1,343	1,718
Cash Growth	-34.88%	17.57%	0.94%	-21.81%	53.22%
Accounts Receivable	79.1	70.4	68.7	53.8	49.6
Other Current Assets	73.2	73.8	91.9	92.6	82.1
Total Current Assets	1,191	1,738	1,517	1,490	1,850
Net Property, Plant & Equipment	649.1	517.7	493	569	735.9
Other Intangible Assets	33.7	54.9	58.1	88.3	53.6
Goodwill	454.9	442.8	402.2	403.3	356.6
Other Long-Term Assets	516.7	571.4	513.6	559.7	95.4
Total Assets	2,845	3,325	2,984	3,110	3,091
Accounts Payable	24.3	36.5	38.5	38.6	25.7
Accrued Expenses	233.5	248.4	264.4	271.6	279.9
Current Portion of Long-Term Debt	710.4	10	-	-	-
Current Portion of Leases	195.6	188.2	173.6	183.7	198.7
Unearned Revenue	729.7	727.7	725	702.6	671.5
Total Current Liabilities	1,894	1,211	1,202	1,197	1,176
Long-Term Debt	2,124	2,345	1,378	1,374	1,370
Long-Term Leases	557.4	453.9	479.2	736.9	799.7
Other Long-Term Liabilities	67.6	68.4	90.8	112.1	39.4
Total Long-Term Liabilities	2,749	2,867	1,948	2,223	2,209
Total Liabilities	4,642	4,078	3,149	3,420	3,385
Additional Paid-in Capital	2,012	2,404	2,598	2,512	2,448
Accumulated Other Comprehensive Income	5.7	-10.1	-21.5	-48.9	-2.6
Retained Earnings	-3,815	-3,147	-2,742	-2,772	-2,739
Shareholders' Equity	-1,797	-752.4	-165.8	-309.4	-293.9
Total Liabilities & Equity	2,845	3,325	2,984	3,110	3,091
Total Debt	3,587	2,997	2,031	2,295	2,369
Net Cash (Debt)	-2,549	-1,402	-674.6	-951.2	-650.6
Net Cash Per Share	-9.34	-4.34	-1.95	-2.62	-1.64
Book Value	-1,797	-752.4	-165.8	-309.4	-293.9
Book Value Per Share	-6.59	-2.33	-0.48	-0.85	-0.74
Tangible Book Value	-2,286	-1,250	-626.1	-801	-704.1
Tangible Book Value Per Share	-8.38	-3.87	-1.81	-2.20	-1.78

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.