Dropbox, Inc. (DBX)
NASDAQ: DBX · Real-Time Price · USD
30.54
+1.35 (4.62%)
At close: Jul 27, 2026, 4:00 PM EDT
30.54
0.00 (0.01%)
After-hours: Jul 27, 2026, 7:54 PM EDT
Dropbox Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
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 | 125 | 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% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
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 | 160.2 | 126.5 | 555.4 | 604.6 | 613.4 | 742.3 |
Cash Acquisitions | - | -13.1 | -57.8 | - | -75.4 | -140 |
Other Investing Activities | -1.9 | 19.9 | 31.2 | 23.9 | 19.6 | 40.2 |
Investing Cash Flow | 143 | 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 | Mar '26 Mar 31, 2026 | 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 |
Long-Term Debt Issued | - | 500 | 1,000 | - | - | 1,389 |
Long-Term Debt Repaid | -711.7 | -11.6 | - | - | - | - |
Net Long-Term Debt Issued (Repaid) | -711.7 | 488.4 | 1,000 | - | - | 1,389 |
Issuance of Common Stock | - | 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 | -164.6 | -154.3 | -197.2 | -126.7 | -127.5 | -196.5 |
Financing Cash Flow | -906 | -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 | Mar '26 Mar 31, 2026 | 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 |
Foreign Exchange Rate Adjustments | 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
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | 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 |
Free Cash Flow | 980.4 | 930.8 | 871.6 | 759.4 | 763.5 | 707.7 |
Free Cash Flow Growth | 14.13% | 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 | -157.9 | 1,013 | 1,459 | 465.9 | 557.7 | 1,728 |
Unlevered Free Cash Flow | 623.79 | 583.56 | 438.16 | 453.05 | 524.97 | 310.66 |