Dropbox, Inc. (DBX)
NASDAQ: DBX · Real-Time Price · USD
34.66
-1.10 (-3.08%)
Nov 6, 2026, 4:00 PM EST - Market closed

Dropbox Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,5352,5212,5482,5022,3252,158
Revenue Growth
0.24%-1.07%1.86%7.60%7.74%12.75%
Gross Profit
2,0252,0212,1062,0261,8811,714
Operating Income
685691.5533.5422.8356.5306.9
Net Income
435.1508.4452.3453.6553.2335.8
Earnings Per Share
1.841.861.401.311.520.87
EPS Growth
5.50%32.86%6.87%-13.96%75.92%-

Revenue by Geography

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
-1,4211,4491,4191,2641,130
International
-1,1001,1001,0821,0611,028
Revenue (Total)
2,5352,5212,5482,5022,3252,158

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,1421,0381,5941,3561,3431,718
Total Debt
3,9563,5872,9972,0312,2952,369
Net Cash (Debt)
-2,814-2,549-1,402-674.6-951.2-650.6
Net Cash Growth
------
Net Cash Per Share
-11.94-9.34-4.34-1.95-2.13-1.64

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
937.6951.8894.1783.7797.3729.8
Capital Expenditures
-22.4-21-22.5-24.3-33.8-22.1
Free Cash Flow
915.2930.8871.6759.4763.5707.7
Free Cash Flow Growth
-0.13%6.79%14.77%-0.54%7.89%44.22%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
79.90%80.15%82.63%80.99%80.89%79.42%
Operating Margin
27.03%27.43%20.94%16.90%15.33%14.22%
Pretax Margin
20.98%24.50%20.01%22.16%8.29%13.87%
Profit Margin
17.17%20.17%17.75%18.13%23.79%15.56%
FCF Margin
36.11%36.92%34.21%30.36%32.84%32.80%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
18.8113.6920.0021.8914.2427.77
Forward PE
10.819.4511.8014.6113.3416.17
P/FCF Ratio
8.157.4810.3813.0810.3213.18
PS Ratio
2.942.763.553.973.394.32