Symbols / DBX Stock $24.69 +0.41% Dropbox, Inc.

Technology • Software - Infrastructure • United States • NMS
DBX (Stock) Chart
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About

Dropbox, Inc. provides a content collaboration platform in the United States and internationally. The company's platform enables individuals, families, teams, and organizations to collaborate for free through its website or app, or through a paid subscription plan for premium features. Its platform consists of various elements, such as unified home for content, global sharing network, and product experiences and integrations. The company serves customers in the professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

Stock Fundamentals
Scroll to Statements
Market Cap 5.89B Enterprise Value 8.50B Income 508.40M Sales 2.52B Book/sh -7.40 Cash/sh 4.30
Dividend Yield — Payout 0.00% Employees 2113 IPO — P/E 13.27 Forward P/E 7.33
PEG 11.82 P/S 2.34 P/B -3.34 P/C — EV/EBITDA 10.02 EV/Sales 3.37
Quick Ratio 0.59 Current Ratio 0.63 Debt/Eq — LT Debt/Eq — EPS (ttm) 1.86 EPS next Y 3.37
EPS Growth 27.20% Revenue Growth -1.20% Earnings 2026-05-07 ROA 14.01% ROE — ROIC —
Gross Margin 80.15% Oper. Margin 24.88% Profit Margin 20.17% Shs Outstand 163.26M Shs Float 151.72M Short Float 26.49%
Short Ratio 7.83 Short Interest — 52W High 32.40 52W Low 21.70 Beta 0.62 Avg Volume 4.08M
Volume 2.36M Target Price $25.50 Recom None Prev Close $24.59 Price $24.69 Change 0.41%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$25.50
Mean price target
2. Current target
$24.69
Latest analyst target
3. DCF / Fair value
$88.19
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$24.69
Low
$21.00
High
$30.00
Mean
$25.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-23 down William Blair Market Perform → Underperform —
2026-02-20 main JP Morgan Neutral → Neutral $25
2026-02-20 main UBS Sell → Sell $23
2026-02-20 main RBC Capital Outperform → Outperform $30
2026-01-05 main RBC Capital Outperform → Outperform $35
2025-11-07 main RBC Capital Outperform → Outperform $38
2025-08-08 main UBS Neutral → Neutral $29
2025-05-09 main UBS Buy → Buy $31
2025-05-09 main Citigroup Neutral → Neutral $32
2025-02-21 reit Citizens Capital Markets Market Perform → Market Perform —
2025-01-06 main Jefferies Hold → Hold $30
2024-08-09 main UBS Buy → Buy $28
2024-06-26 main Citigroup Neutral → Neutral $25
2024-03-22 main Citigroup Neutral → Neutral $27
2024-02-16 down Goldman Sachs Neutral → Sell $24
2024-02-16 down B of A Securities Buy → Underperform $28
2024-02-16 down JMP Securities Market Outperform → Market Perform —
2024-02-16 down JP Morgan Overweight → Neutral $30
2024-01-19 main Keybanc Overweight → Overweight $37
2023-12-15 init UBS — → Buy $36
News
RSS: Latest DBX news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-15 SCHUBACH SARAH ELIZABETH Officer — 1,415 $22.99 $32,531
2026-04-01 HOUSTON ANDREW W Chief Executive Officer — 111,166 $22.89 $2,544,601
2026-04-01 HOUSTON ANDREW W Chief Executive Officer — 111,166 — —
2026-04-01 DASDAN ALI Chief Technology Officer — 40,152 $0.00 $0
2026-04-01 YOON WILLIAM T Officer — 200,762 $0.00 $0
2026-04-01 ALKARMI ASHRAF Officer — 231,680 $0.00 $0
2026-04-01 SCHUBACH SARAH ELIZABETH Officer — 57,217 $0.00 $0
2026-03-31 SCHUBACH SARAH ELIZABETH Officer — 1,416 $22.60 $32,002
2026-03-16 SCHUBACH SARAH ELIZABETH Officer — 1,415 $25.76 $36,450
2026-03-11 PEACOCK KAREN Director — 2,000 $26.50 $53,000
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,521.00
-1.07%
2,548.20
+1.86%
2,501.60
+7.60%
2,324.90
Operating Revenue
2,521.00
-1.07%
2,548.20
+1.86%
2,501.60
+7.60%
2,324.90
Cost Of Revenue
500.80
+12.51%
445.10
-6.98%
478.50
+7.72%
444.20
Reconciled Cost Of Revenue
500.80
+12.51%
445.10
-6.98%
478.50
+7.72%
444.20
Gross Profit
2,020.20
-3.94%
2,103.10
+3.95%
2,023.10
+7.57%
1,880.70
Operating Expense
1,332.40
-17.59%
1,616.80
-1.39%
1,639.60
+7.57%
1,524.20
Research And Development
732.00
-19.99%
914.90
-2.31%
936.50
+5.00%
891.90
Selling General And Administration
600.40
-14.46%
701.90
-0.17%
703.10
+11.20%
632.30
Selling And Marketing Expense
369.90
-19.71%
460.70
-1.14%
466.00
+13.83%
409.40
General And Administrative Expense
230.50
-4.44%
241.20
+1.73%
237.10
+6.37%
222.90
Other Gand A
230.50
-4.44%
241.20
+1.73%
237.10
+6.37%
222.90
Total Expenses
1,833.20
-11.09%
2,061.90
-2.65%
2,118.10
+7.61%
1,968.40
Operating Income
687.80
+41.44%
486.30
+26.81%
383.50
+7.57%
356.50
Total Operating Income As Reported
689.10
+41.73%
486.20
-9.75%
538.70
+197.13%
181.30
EBITDA
853.60
+36.88%
623.60
+12.66%
553.50
+7.77%
513.60
Normalized EBITDA
852.30
+36.65%
623.70
+56.59%
398.30
-42.17%
688.80
Reconciled Depreciation
157.40
+14.64%
137.30
-19.24%
170.00
+8.21%
157.10
EBIT
696.20
+43.16%
486.30
+26.81%
383.50
+7.57%
356.50
Total Unusual Items
1.30
+1400.00%
-0.10
-100.06%
155.20
+188.58%
-175.20
Total Unusual Items Excluding Goodwill
1.30
+1400.00%
-0.10
-100.06%
155.20
+188.58%
-175.20
Special Income Charges
—
-0.10
-100.06%
155.20
+188.58%
-175.20
Other Special Charges
—
—
-155.20
-188.58%
175.20
Impairment Of Capital Assets
—
—
—
175.20
Net Income
508.40
+12.40%
452.30
-0.29%
453.60
-18.00%
553.20
Pretax Income
617.60
+21.15%
509.80
-8.04%
554.40
+187.70%
192.70
Net Non Operating Interest Income Expense
-78.60
-665.47%
13.90
-28.35%
19.40
+487.88%
3.30
Interest Expense Non Operating
78.60
—
—
—
Net Interest Income
-78.60
-665.47%
13.90
-28.35%
19.40
+487.88%
3.30
Interest Expense
78.60
—
—
—
Interest Income Non Operating
—
13.90
-28.35%
19.40
+487.88%
3.30
Interest Income
—
13.90
-28.35%
19.40
+487.88%
3.30
Other Income Expense
8.40
-12.50%
9.60
-93.66%
151.50
+190.66%
-167.10
Other Non Operating Income Expenses
7.10
-26.80%
9.70
+362.16%
-3.70
-145.68%
8.10
Gain On Sale Of Security
1.30
+1400.00%
-0.10
-100.06%
155.20
+188.58%
-175.20
Tax Provision
109.20
+89.91%
57.50
-42.96%
100.80
+127.96%
-360.50
Tax Rate For Calcs
0.00
+56.64%
0.00
-37.91%
0.00
-13.33%
0.00
Tax Effect Of Unusual Items
0.23
+2136.28%
-0.01
-100.04%
28.25
+176.77%
-36.79
Net Income Including Noncontrolling Interests
508.40
+12.40%
452.30
-0.29%
453.60
-18.00%
553.20
Net Income From Continuing Operation Net Minority Interest
508.40
+12.40%
452.30
-0.29%
453.60
-18.00%
553.20
Net Income From Continuing And Discontinued Operation
508.40
+12.40%
452.30
-0.29%
453.60
-18.00%
553.20
Net Income Continuous Operations
508.40
+12.40%
452.30
-0.29%
453.60
-18.00%
553.20
Normalized Income
507.33
+12.14%
452.39
+38.49%
326.65
-52.77%
691.61
Net Income Common Stockholders
508.40
+12.40%
452.30
-0.29%
453.60
-18.00%
553.20
Diluted EPS
—
1.40
+6.87%
1.31
-13.82%
1.52
Basic EPS
—
1.42
+6.77%
1.33
-13.07%
1.53
Basic Average Shares
—
318.20
-6.74%
341.20
-5.54%
361.20
Diluted Average Shares
—
323.40
-6.42%
345.60
-4.87%
363.30
Diluted NI Availto Com Stockholders
508.40
+12.40%
452.30
-0.29%
453.60
-18.00%
553.20
Gain On Sale Of PPE
—
-0.10
-100.06%
155.20
+188.58%
-175.20
Total Other Finance Cost
—
—
-19.40
-487.88%
-3.30
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,844.90
-14.44%
3,325.20
+11.45%
2,983.50
-4.07%
3,110.10
Current Assets
1,190.50
-31.52%
1,738.40
+14.62%
1,516.60
+1.80%
1,489.80
Cash Cash Equivalents And Short Term Investments
1,038.20
-34.88%
1,594.20
+17.57%
1,356.00
+0.94%
1,343.40
Cash And Cash Equivalents
891.30
-32.90%
1,328.30
+116.02%
614.90
+164.13%
232.80
Cash Equivalents
764.80
-37.82%
1,230.00
+130.51%
533.60
+273.93%
142.70
Cash Financial
126.50
+28.69%
98.30
+20.91%
81.30
-9.77%
90.10
Other Short Term Investments
146.90
-44.75%
265.90
-64.12%
741.10
-33.27%
1,110.60
Receivables
79.10
+12.36%
70.40
+2.47%
68.70
+27.70%
53.80
Accounts Receivable
79.10
+12.36%
70.40
+2.47%
68.70
+27.70%
53.80
Gross Accounts Receivable
—
—
69.80
+28.07%
54.50
Allowance For Doubtful Accounts Receivable
—
—
-1.10
-57.14%
-0.70
Prepaid Assets
—
—
—
—
Other Current Assets
73.20
-0.81%
73.80
-19.70%
91.90
-0.76%
92.60
Total Non Current Assets
1,654.40
+4.26%
1,586.80
+8.17%
1,466.90
-9.47%
1,620.30
Net PPE
649.10
+25.38%
517.70
+5.01%
493.00
-13.36%
569.00
Gross PPE
1,208.30
+9.66%
1,101.90
+2.09%
1,079.30
+0.63%
1,072.50
Accumulated Depreciation
-559.20
+4.28%
-584.20
+0.36%
-586.30
-16.44%
-503.50
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
832.90
-0.95%
840.90
+5.80%
794.80
+15.01%
691.10
Construction In Progress
0.40
+100.00%
0.20
-95.65%
4.60
+64.29%
2.80
Other Properties
270.70
+70.36%
158.90
-13.55%
183.80
-29.47%
260.60
Leases
104.30
+2.36%
101.90
+6.04%
96.10
-18.56%
118.00
Goodwill And Other Intangible Assets
488.60
-1.83%
497.70
+8.13%
460.30
-6.37%
491.60
Goodwill
454.90
+2.73%
442.80
+10.09%
402.20
-0.27%
403.30
Other Intangible Assets
33.70
-38.62%
54.90
-5.51%
58.10
-34.20%
88.30
Non Current Deferred Assets
415.70
-10.93%
466.70
+1.37%
460.40
-7.68%
498.70
Non Current Deferred Taxes Assets
415.70
-10.93%
466.70
+1.37%
460.40
-7.68%
498.70
Other Non Current Assets
101.00
-3.53%
104.70
+96.80%
53.20
-12.79%
61.00
Total Liabilities Net Minority Interest
4,642.10
+13.84%
4,077.60
+29.48%
3,149.30
-7.90%
3,419.50
Current Liabilities
1,893.50
+56.38%
1,210.80
+0.77%
1,201.50
+0.42%
1,196.50
Payables And Accrued Expenses
146.00
-18.75%
179.70
-7.23%
193.70
+8.52%
178.50
Payables
83.20
-13.06%
95.70
-4.11%
99.80
-13.22%
115.00
Accounts Payable
24.30
-33.42%
36.50
-5.19%
38.50
-0.26%
38.60
Current Accrued Expenses
62.80
-25.24%
84.00
-10.54%
93.90
+47.87%
63.50
Pensionand Other Post Retirement Benefit Plans Current
111.80
+6.27%
105.20
-3.66%
109.20
-17.08%
131.70
Total Tax Payable
58.90
-0.51%
59.20
-3.43%
61.30
-19.76%
76.40
Current Debt And Capital Lease Obligation
906.00
+357.11%
198.20
+14.17%
173.60
-5.50%
183.70
Current Debt
710.40
+7004.00%
10.00
—
—
Other Current Borrowings
710.40
+7004.00%
10.00
—
—
Current Capital Lease Obligation
195.60
+3.93%
188.20
+8.41%
173.60
-5.50%
183.70
Current Deferred Liabilities
729.70
+0.27%
727.70
+0.37%
725.00
+3.19%
702.60
Current Deferred Revenue
729.70
+0.27%
727.70
+0.37%
725.00
+3.19%
702.60
Total Non Current Liabilities Net Minority Interest
2,748.60
-4.12%
2,866.80
+47.18%
1,947.80
-12.38%
2,223.00
Long Term Debt And Capital Lease Obligation
2,681.00
-4.20%
2,798.40
+50.69%
1,857.00
-12.03%
2,110.90
Long Term Debt
2,123.60
-9.42%
2,344.50
+70.16%
1,377.80
+0.28%
1,374.00
Long Term Capital Lease Obligation
557.40
+22.80%
453.90
-5.28%
479.20
-34.97%
736.90
Other Non Current Liabilities
67.60
-1.17%
68.40
-24.67%
90.80
-19.00%
112.10
Stockholders Equity
-1,797.20
-138.86%
-752.40
-353.80%
-165.80
+46.41%
-309.40
Common Stock Equity
-1,797.20
-138.86%
-752.40
-353.80%
-165.80
+46.41%
-309.40
Capital Stock
0.00
0.00
0.00
0.00
Common Stock
0.00
0.00
0.00
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
242.90
-17.91%
295.90
-12.12%
336.70
-3.63%
349.40
Ordinary Shares Number
242.90
-17.91%
295.90
-12.12%
336.70
-3.63%
349.40
Additional Paid In Capital
2,012.20
-16.30%
2,404.20
-7.46%
2,598.00
+3.44%
2,511.60
Retained Earnings
-3,815.10
-21.25%
-3,146.50
-14.74%
-2,742.30
+1.07%
-2,772.10
Gains Losses Not Affecting Retained Earnings
5.70
+156.44%
-10.10
+53.02%
-21.50
+56.03%
-48.90
Other Equity Adjustments
5.70
+156.44%
-10.10
+53.02%
-21.50
+56.03%
-48.90
Total Equity Gross Minority Interest
-1,797.20
-138.86%
-752.40
-353.80%
-165.80
+46.41%
-309.40
Total Capitalization
326.40
-79.50%
1,592.10
+31.36%
1,212.00
+13.85%
1,064.60
Working Capital
-703.00
-233.24%
527.60
+67.44%
315.10
+7.43%
293.30
Invested Capital
1,036.80
-35.28%
1,602.10
+32.19%
1,212.00
+13.85%
1,064.60
Total Debt
3,587.00
+19.70%
2,996.60
+47.57%
2,030.60
-11.51%
2,294.60
Net Debt
1,942.70
+89.31%
1,026.20
+34.51%
762.90
-33.15%
1,141.20
Capital Lease Obligations
753.00
+17.27%
642.10
-1.64%
652.80
-29.09%
920.60
Net Tangible Assets
-2,285.80
-82.85%
-1,250.10
-99.66%
-626.10
+21.84%
-801.00
Tangible Book Value
-2,285.80
-82.85%
-1,250.10
-99.66%
-626.10
+21.84%
-801.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
951.80
+6.45%
894.10
+14.09%
783.70
-1.71%
797.30
Cash Flow From Continuing Operating Activities
951.80
+6.45%
894.10
+14.09%
783.70
-1.71%
797.30
Net Income From Continuing Operations
508.40
+12.40%
452.30
-0.29%
453.60
-18.00%
553.20
Depreciation Amortization Depletion
157.40
+14.64%
137.30
-19.24%
170.00
+8.21%
157.10
Depreciation
131.60
+20.40%
109.30
-21.76%
139.70
-0.85%
140.90
Amortization Cash Flow
25.90
-6.83%
27.80
-8.55%
30.40
+86.50%
16.30
Depreciation And Amortization
157.40
+14.64%
137.30
-19.24%
170.00
+8.21%
157.10
Amortization Of Intangibles
25.90
-6.83%
27.80
-8.55%
30.40
+86.50%
16.30
Other Non Cash Items
26.30
-55.95%
59.70
+3.65%
57.60
-46.02%
106.70
Stock Based Compensation
300.80
-13.19%
346.50
+2.51%
338.00
+2.21%
330.70
Asset Impairment Charge
—
—
—
175.20
Deferred Tax
51.70
+1057.41%
-5.40
-114.06%
38.40
+109.69%
-396.30
Deferred Income Tax
51.70
+1057.41%
-5.40
-114.06%
38.40
+109.69%
-396.30
Operating Gains Losses
-2.00
-766.67%
0.30
+100.19%
-155.20
-191.19%
170.20
Gain Loss On Investment Securities
-1.30
-1400.00%
0.10
+100.06%
-155.20
-188.58%
175.20
Change In Working Capital
-90.80
+6.00%
-96.60
+18.62%
-118.70
+4.51%
-124.30
Change In Receivables
-6.70
-179.17%
-2.40
+83.45%
-14.50
-163.64%
-5.50
Change In Prepaid Assets
-26.20
-385.19%
-5.40
+86.86%
-41.10
+17.80%
-50.00
Change In Payables And Accrued Expense
-36.10
-8.41%
-33.30
+21.09%
-42.20
-487.16%
10.90
Change In Accrued Expense
-23.50
+18.40%
-28.80
+33.64%
-43.40
-1966.67%
-2.10
Change In Payable
-12.60
-180.00%
-4.50
-475.00%
1.20
-90.77%
13.00
Change In Account Payable
-12.60
-180.00%
-4.50
-475.00%
1.20
-90.77%
13.00
Change In Other Working Capital
2.00
+33.33%
1.50
-93.39%
22.70
-33.82%
34.30
Change In Other Current Assets
6.90
+7.81%
6.40
-72.53%
23.30
+340.21%
-9.70
Change In Other Current Liabilities
-30.70
+51.58%
-63.40
+5.23%
-66.90
+35.86%
-104.30
Investing Cash Flow
111.90
-74.79%
443.80
+12.30%
395.20
+914.85%
-48.50
Cash Flow From Continuing Investing Activities
111.90
-74.79%
443.80
+12.30%
395.20
+914.85%
-48.50
Net PPE Purchase And Sale
17.10
-47.06%
32.30
+30.24%
24.80
—
Sale Of PPE
17.10
-47.06%
32.30
+30.24%
24.80
—
Capital Expenditure
-21.40
+5.73%
-22.70
+7.72%
-24.60
+29.51%
-34.90
Capital Expenditure Reported
-21.00
+6.67%
-22.50
+7.41%
-24.30
+28.11%
-33.80
Net Investment Purchase And Sale
124.80
-74.69%
493.10
+24.55%
395.90
+1152.85%
31.60
Purchase Of Investment
0.00
+100.00%
-62.30
+70.15%
-208.70
+63.46%
-571.20
Sale Of Investment
124.80
-77.53%
555.40
-8.14%
604.60
+0.30%
602.80
Net Business Purchase And Sale
-11.40
+80.28%
-57.80
0.00
+100.00%
-64.80
Purchase Of Business
-13.10
+77.34%
-57.80
0.00
+100.00%
-75.40
Net Intangibles Purchase And Sale
-0.40
-100.00%
-0.20
+33.33%
-0.30
+72.73%
-1.10
Purchase Of Intangibles
-0.40
-100.00%
-0.20
+33.33%
-0.30
+72.73%
-1.10
Net Other Investing Changes
2.80
+354.55%
-1.10
-22.22%
-0.90
-104.59%
19.60
Financing Cash Flow
-1,530.70
-160.94%
-586.60
+26.60%
-799.20
+23.29%
-1,041.80
Cash Flow From Continuing Financing Activities
-1,530.70
-160.94%
-586.60
+26.60%
-799.20
+23.29%
-1,041.80
Net Issuance Payments Of Debt
359.80
-58.67%
870.60
+787.68%
-126.60
+0.71%
-127.50
Issuance Of Debt
500.00
-50.00%
1,000.00
0.00
0.00
Repayment Of Debt
-140.20
-8.35%
-129.40
-2.21%
-126.60
+0.71%
-127.50
Long Term Debt Issuance
500.00
-50.00%
1,000.00
0.00
0.00
Long Term Debt Payments
-140.20
-8.35%
-129.40
-2.21%
-126.60
+0.71%
-127.50
Net Long Term Debt Issuance
359.80
-58.67%
870.60
+787.68%
-126.60
+0.71%
-127.50
Net Common Stock Issuance
-1,713.80
-38.13%
-1,240.70
-130.87%
-537.40
+32.39%
-794.90
Common Stock Payments
-1,713.90
-38.04%
-1,241.60
-129.97%
-539.90
+32.12%
-795.40
Repurchase Of Capital Stock
-1,713.90
-38.04%
-1,241.60
-129.97%
-539.90
+32.12%
-795.40
Proceeds From Stock Option Exercised
—
—
0.00
0.00
Net Other Financing Charges
-176.70
+18.38%
-216.50
-60.13%
-135.20
-13.23%
-119.40
Changes In Cash
-467.00
-162.16%
751.30
+97.87%
379.70
+229.59%
-293.00
Effect Of Exchange Rate Changes
12.40
+317.54%
-5.70
-337.50%
2.40
+133.33%
-7.20
Beginning Cash Position
1,360.50
+121.26%
614.90
+164.13%
232.80
-56.32%
533.00
End Cash Position
905.90
-33.41%
1,360.50
+121.26%
614.90
+164.13%
232.80
Free Cash Flow
930.40
+6.77%
871.40
+14.79%
759.10
-0.43%
762.40
Interest Paid Supplemental Data
105.90
+596.71%
15.20
+44.76%
10.50
+28.05%
8.20
Income Tax Paid Supplemental Data
56.90
-6.72%
61.00
-10.56%
68.20
+147.10%
27.60
Common Stock Issuance
0.10
-88.89%
0.90
-64.00%
2.50
+400.00%
0.50
Earnings Losses From Equity Investments
-0.70
-450.00%
0.20
0.00
+100.00%
-5.00
Issuance Of Capital Stock
0.10
-88.89%
0.90
-64.00%
2.50
+400.00%
0.50
Sale Of Business
1.70
0.00
0.00
-100.00%
10.60
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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