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Dropbox (DBX)

Nasdaq Information Technology Application Software S&P MidCap 400
$34.66
-1.10 (-3.08%)
Close of Nov 06, 2026 · end-of-day data
Source: Dropbox's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$844.80M$1.11B$1.39B$1.66B$1.91B$2.16B$2.32B$2.50B$2.55B$2.52B
Cost of revenue$390.60M$368.90M$394.70M$411.00M$414.60M$444.20M$444.20M$478.50M$445.10M$500.80M
Gross profit$454.20M$737.90M$997.00M$1.25B$1.50B$1.71B$1.88B$2.02B$2.10B$2.02B
Research & development$289.70M$380.30M$768.20M$662.10M$727.50M$755.90M$891.90M$936.50M$914.90M$732.00M
Operating income-$193.50M-$113.70M-$494.00M-$80.50M-$277.00M$274.40M$181.30M$538.70M$486.20M$689.10M
Pre-tax income-$205.00M-$111.50M-$480.10M-$52.00M-$250.20M$299.30M$192.70M$554.40M$509.80M$617.60M
Income tax$5.20M$200.00K$4.80M$700.00K$6.10M-$36.50M-$360.50M$100.80M$57.50M$109.20M
Net income-$210.20M-$111.70M-$484.90M-$52.70M-$256.30M$335.80M$553.20M$453.60M$452.30M$508.40M
EBITDA-$19.70M$57.00M-$335.40M$79.40M-$131.90M$410.10M$322.20M$678.40M$595.50M$820.70M
EPS (basic)$-1.11$-0.57$-1.35$-0.13$-0.62$0.87$1.53$1.33$1.42$1.89
EPS (diluted)$-1.11$-0.57$-1.35$-0.13$-0.62$0.85$1.52$1.31$1.40$1.86
Diluted shares189.10M195.90M358.60M411.60M414.30M395.80M363.30M345.60M323.40M272.80M
Gross margin53.8%66.7%71.6%75.3%78.3%79.4%80.9%80.9%82.5%80.1%
Operating margin-22.9%-10.3%-35.5%-4.8%-14.5%12.7%7.8%21.5%19.1%27.3%
Net margin-24.9%-10.1%-34.8%-3.2%-13.4%15.6%23.8%18.1%17.7%20.2%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$352.70M$430.00M$519.30M$551.30M$314.90M$533.00M$232.80M$614.90M$1.33B$891.30M
Short-term investments—$0$570.00M$607.70M$806.40M$1.19B$1.11B$741.10M$265.90M$146.90M
Receivables—$29.30M$28.60M$36.70M$43.40M$49.60M$53.80M$68.70M$70.40M$79.10M
Total current assets—$518.10M$1.21B$1.24B$1.23B$1.85B$1.49B$1.52B$1.74B$1.19B
Goodwill$96.00M$98.90M$96.50M$234.50M$236.90M$356.60M$403.30M$402.20M$442.80M$454.90M
Total assets—$1.02B$1.69B$2.70B$2.39B$3.09B$3.11B$2.98B$3.33B$2.84B
Total current liabilities—$738.40M$837.50M$1.01B$1.09B$1.18B$1.20B$1.20B$1.21B$1.89B
Total liabilities—$917.00M$1.02B$1.89B$2.05B$3.39B$3.42B$3.15B$4.08B$4.64B
Shareholders' equity$122.80M$102.90M$676.80M$808.40M$333.80M-$293.90M-$309.40M-$165.80M-$752.40M-$1.80B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$252.60M$330.30M$425.40M$528.50M$570.80M$729.80M$797.30M$783.70M$894.10M$951.80M
Capital expenditures$115.20M$25.30M$63.00M$136.10M$80.10M$22.10M$33.80M$24.30M$22.50M$21.00M
Free cash flow$137.40M$305.00M$362.40M$392.40M$490.70M$707.70M$763.50M$759.40M$871.60M$930.80M
Investing cash flow-$118.00M-$23.90M-$633.80M-$320.00M-$233.60M-$524.80M-$48.50M$395.20M$443.80M$111.90M
Financing cash flow-$134.50M-$231.70M$300.80M-$176.70M-$577.70M$16.20M-$1.04B-$799.20M-$586.60M-$1.53B
Share buybacks——$0$0$397.50M$1.06B$795.40M$539.90M$1.24B$1.71B
Stock-based compensation$147.60M$164.60M$650.10M$261.20M$261.50M$287.10M$330.70M$338.00M$346.50M$300.80M
Depreciation & amortization$173.80M$170.70M$158.60M$159.90M$145.10M$135.70M$140.90M$139.70M$109.30M$131.60M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.