Dropbox, Inc. (DBX)

Dropbox Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	472.6	508.4	452.3	453.6	553.2	335.8
Depreciation & Amortization	158.4	157.4	137.3	170	157.1	151.4
Stock-Based Compensation	304.8	300.8	346.5	338	330.7	287.1
Other Adjustments	123.7	112	69.5	-31.1	-119.4	88.2
Change in Receivables	-1.9	-6.7	-2.4	-14.5	-5.5	-6.2
Changes in Accounts Payable	-1	-12.6	-4.5	1.2	13	7.6
Changes in Accrued Expenses	-4.1	-23.5	-28.8	-43.4	-2.1	-5.1
Changes in Unearned Revenue	8.3	2	1.5	21.6	25.6	59.8
Changes in Other Operating Activities	-58.3	-86	-76.2	-112.8	-155.3	-188.8
Operating Cash Flow	1,003	951.8	894.1	783.7	797.3	729.8
Operating Cash Flow Growth	14.91%	6.45%	14.09%	-1.71%	9.25%	27.86%
Capital Expenditures	-22.1	-21	-22.5	-24.3	-33.8	-22.1
Purchases of Intangible Assets	-	-0.4	-0.2	-0.3	-1.1	-6.8
Purchases of Investments	-	-	-62.3	-208.7	-571.2	-1,138
Proceeds from Sale of Investments	162.1	126.5	555.4	604.6	613.4	742.3
Payments for Business Acquisitions	-13.1	-13.1	-57.8	-	-75.4	-140
Other Investing Activities	6.5	19.9	31.2	23.9	19.6	40.2
Investing Cash Flow	143	111.9	443.8	395.2	-48.5	-524.8
Long-Term Debt Issued	1,700	500	1,000	-	-	1,389
Long-Term Debt Repaid	-711.7	-11.6	-	-	-	-
Net Long-Term Debt Issued (Repaid)	988.3	488.4	1,000	-	-	1,389
Issuance of Common Stock	0.1	0.1	0.9	2.5	0.5	6.9
Repurchase of Common Stock	-1,723	-1,865	-1,390	-675	-914.8	-1,183
Net Common Stock Issued (Repurchased)	-1,723	-1,865	-1,389	-672.5	-914.3	-1,176
Other Financing Activities	-171.3	-154.3	-197.2	-126.7	-127.5	-196.5
Financing Cash Flow	-906	-1,531	-586.6	-799.2	-1,042	16.2
Effect of Exchange Rate Changes on Cash and Cash Equivalents	7.7	12.4	-5.7	2.4	-7.2	-3.1
Net Cash Flow	247.2	-454.6	745.6	382.1	-300.2	218.1
Free Cash Flow	980.4	930.8	871.6	759.4	763.5	707.7
Free Cash Flow Growth	5.33%	6.79%	14.77%	-0.54%	7.89%	44.22%
FCF Margin	38.82%	36.92%	34.20%	30.36%	32.84%	32.80%
Free Cash Flow Per Share	3.80	3.41	2.70	2.20	2.10	1.79
Levered Free Cash Flow	1,542	1,013	1,459	465.9	557.7	1,728
Unlevered Free Cash Flow	624.83	583.56	438.16	453.06	524.97	310.66

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q