Dropbox, Inc. (DBX)
NASDAQ: DBX · Real-Time Price · USD
34.42
-1.51 (-4.20%)
Aug 14, 2026, 4:00 PM EDT - Market closed

Dropbox Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,5322,5212,5482,5022,3252,158
Revenue Growth
-0.05%-1.07%1.86%7.60%7.74%12.75%
Gross Profit
2,0192,0212,1062,0261,8811,714
Operating Income
674.3691.5533.5422.8356.5306.9
Net Income
442.8508.4452.3453.6553.2335.8
Earnings Per Share
1.811.861.401.311.520.87
EPS Growth
11.87%32.86%6.87%-13.96%75.92%-

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
1,4151,4211,4491,4191,2641,130
International
1,0531,1001,1001,0821,0611,028
Revenue (Total)
2,5322,5212,5482,5022,3252,158

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,1141,0381,5941,3561,3431,718
Total Debt
3,9753,5872,9972,0312,2952,369
Net Cash (Debt)
-2,862-2,549-1,402-674.6-951.2-650.6
Net Cash Growth
------
Net Cash Per Share
-11.65-9.34-4.34-1.95-2.13-1.64

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
980.5951.8894.1783.7797.3729.8
Capital Expenditures
-23.4-21-22.5-24.3-33.8-22.1
Free Cash Flow
957.1930.8871.6759.4763.5707.7
Free Cash Flow Growth
7.20%6.79%14.77%-0.54%7.89%44.22%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
79.73%80.15%82.63%80.99%80.89%79.42%
Operating Margin
26.63%27.43%20.94%16.90%15.33%14.22%
Pretax Margin
22.10%24.50%20.01%22.16%8.29%13.87%
Profit Margin
17.49%20.17%17.75%18.13%23.79%15.56%
FCF Margin
37.81%36.92%34.21%30.36%32.84%32.80%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
19.0613.6920.0021.8914.2427.77
Forward PE
10.919.4511.8014.6113.3416.17
P/FCF Ratio
7.827.4810.3813.0810.3213.18
PS Ratio
2.962.763.553.973.394.32