Dropbox, Inc. (DBX)

Dropbox Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	442.8	508.4	452.3	453.6	553.2	335.8
Depreciation & Amortization	155.8	157.4	137.3	170	157.1	151.4
Other Amortization	36.8	35.9	34.9	42.8	43.7	36.1
Loss (Gain) From Sale of Assets	-	-	-	-	-	17.7
Asset Writedown & Restructuring Costs	-3.9	-1.3	0.1	-155.2	175.2	-
Loss (Gain) From Sale of Investments	-1.2	-0.7	0.2	-	-5	-
Stock-Based Compensation	304.4	300.8	346.5	338	330.7	287.1
Other Operating Activities	98.3	42.1	19.4	53.2	-333.3	2.4
Change in Accounts Receivable	-1.2	-6.7	-2.4	-14.5	-5.5	-6.2
Change in Accounts Payable	2	-12.6	-4.5	1.2	13	7.6
Change in Unearned Revenue	5.7	2	1.5	21.6	25.6	59.8
Change in Other Net Operating Assets	-59	-73.5	-91.2	-127	-157.4	-161.9
Operating Cash Flow	980.5	951.8	894.1	783.7	797.3	729.8
Operating Cash Flow Growth	8.67%	6.45%	14.09%	-1.71%	9.25%	27.86%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-23.4	-21	-22.5	-24.3	-33.8	-22.1
Cash Acquisitions	-4.7	-13.1	-57.8	-	-75.4	-140
Sale (Purchase) of Intangibles	-3.3	-0.4	-0.2	-0.3	-1.1	-6.8
Investment in Securities	165	126.5	493.1	395.9	42.2	-396.1
Other Investing Activities	16.2	19.9	31.2	23.9	19.6	40.2
Investing Cash Flow	149.8	111.9	443.8	395.2	-48.5	-524.8

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	500	1,000	-	-	1,389
Long-Term Debt Repaid	-	-140.2	-129.4	-126.6	-127.5	-110.4
Net Debt Issued (Repaid)	845.1	359.8	870.6	-126.6	-127.5	1,279
Issuance of Common Stock	-	0.1	0.9	2.5	0.5	6.9
Repurchase of Common Stock	-1,638	-1,865	-1,390	-675	-914.8	-1,183
Other Financing Activities	-35.6	-25.7	-67.8	-0.1	-	-86.1
Financing Cash Flow	-828.2	-1,531	-586.6	-799.2	-1,042	16.2

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-2.9	12.4	-5.7	2.4	-7.2	-3.1
Net Cash Flow	299.2	-454.6	745.6	382.1	-300.2	218.1

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	957.1	930.8	871.6	759.4	763.5	707.7
Free Cash Flow Growth	7.20%	6.79%	14.77%	-0.54%	7.89%	44.22%
Free Cash Flow Margin	37.81%	36.92%	34.21%	30.36%	32.84%	32.80%
Free Cash Flow Per Share	3.90	3.41	2.69	2.20	1.71	1.79
Levered Free Cash Flow	783.08	799.94	814.85	781.85	732.66	681.68
Unlevered Free Cash Flow	871.44	861.69	825.94	787.15	736.21	685.81

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	105.9	105.9	15.2	10.5	8.2	8.5
Cash Income Tax Paid	56.9	56.9	61	68.2	27.6	4.2
Change in Working Capital	-52.5	-90.8	-96.6	-118.7	-124.3	-100.7

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 13, 2026

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