Company Overview
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.
Why Investors Should Care
Return on capital employed stands at 72.3%.
Trades at a P/E of 16.6, below the sector median of 34.7.
Maintains a net profit margin of 18.7%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $2.52B (-1.1% YoY); net profit $508.40M.
- Trailing 12 Months Year-on-year growth — revenue +0.8%, earnings -5.9%.
- 5-Year Trend Long-term compounding — revenue CAGR 2.7%, profit CAGR -2.8%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 2.74% |
| 1 Year: | 0.80% |
Compounded Profit Growth
| 5 Years: | -2.78% |
| 1 Year: | -5.90% |
Stock Price Performance
| 1 Year: | +12.03% |
| 6 Months: | +11.05% |
| 3 Months: | +33.70% |
| 1 Month: | +12.03% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Dropbox provides cloud content collaboration and is adding AI (Dropbox Dash) for universal search and content intelligence.
Content storage and collaboration, with AI-powered universal search and organisation.
- Dropbox Dash (AI search) AI-powered universal search lets users find and organise content across connected apps.
- Content intelligence AI summarisation and organisation add value on top of stored content.
- Cash-generative core A large, profitable subscriber base funds the AI roadmap.
- Highly cash-generative content platform (net ~19%) layering on AI.
- Large installed base to monetise AI search/intelligence.
- Core growth is slow (~1%) — AI is the reacceleration bet.
- Competition from bigger productivity suites is a key risk.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 72.3%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -2.8% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | DBX Dropbox, Inc. AI | 30.35 | 16.58 | $4.80B | 0.00% | 72.29% | -28.29% | 2.74% | -2.78% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 212.50 | 32.59 | $5.15T | 0.47% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPX | 327.50 | 39.60 | $4.81T | 0.37% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 395.63 | 23.96 | $2.94T | 0.95% | 26.90% | 34.01% | 9.48% | 10.85% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 419.48 | 36.41 | $2.18T | 0.90% | 30.20% | 36.21% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXAI | 394.28 | 64.96 | $1.88T | 0.68% | 16.70% | 37.28% | 24.38% | 26.24% |
| 7 | MU Micron Technology, Inc. NDXSPXAI | 904.28 | 20.44 | $1.02T | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 529.14 | 172.36 | $862.82B | 0.00% | 6.33% | 8.06% | 13.64% | 48.64% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,815.27 | 59.79 | $699.64B | 0.51% | 42.97% | 52.24% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2017 | Jun 2017 | Sep 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | 316.30M | 339.20M | 360.30M | 385.60M | 401.50M | 428.20M | 455.00M | 467.40M | 487.40M | 511.60M | 530.60M | 550.20M | 562.40M | 572.70M | 591.00M | 611.10M | 622.50M | 633.00M | 631.30M | 634.50M | 638.80M | 624.70M | 625.70M | 634.40M | 629.50M |
| Gross Profit | 154.40M | 174.50M | 195.20M | 195.70M | 249.70M | 270.10M | 287.20M | 298.60M | 323.40M | 351.90M | 364.90M | 384.20M | 402.30M | 423.50M | 438.20M | 449.50M | 466.90M | 481.30M | 494.30M | 502.40M | 513.40M | 525.50M | 527.50M | 527.30M | 508.00M | 502.00M | 506.10M | 501.40M |
| Operating Income | -33.40M | -26.70M | -16.30M | -465.90M | -7.20M | -8.90M | -21.30M | -34.00M | -18.60M | 26.80M | 12.80M | 30.00M | 42.50M | 84.40M | 77.30M | 89.50M | 82.90M | 89.30M | 84.10M | 56.50M | 130.70M | 143.50M | 127.00M | 127.80M | 183.80M | 168.40M | 174.70M | 172.80M |
| Net Income | -33.10M | -26.80M | -14.10M | -465.50M | -4.10M | -5.80M | -7.70M | -21.40M | -17.00M | 39.30M | 17.50M | 32.70M | 47.60M | 88.00M | 75.60M | 79.70M | 62.00M | 83.20M | 69.00M | 43.20M | 114.10M | 132.30M | 110.50M | 106.70M | 150.30M | 125.60M | 123.80M | 114.50M |
| Diluted EPS | - | - | - | - | - | - | -0.02 | -0.05 | -0.04 | 0.09 | 0.04 | 0.08 | 0.12 | 0.22 | 0.19 | 0.21 | 0.17 | 0.23 | 0.20 | 0.13 | 0.33 | 0.39 | 0.34 | 0.34 | 0.51 | 0.45 | 0.47 | 0.48 |
| R&D Expense | 89.30M | 89.80M | 97.20M | 378.50M | 119.70M | 133.20M | 150.00M | 162.40M | 172.80M | 181.80M | 185.80M | 183.30M | 181.20M | 185.50M | 187.30M | 210.80M | 215.00M | 227.60M | 235.20M | 262.80M | 216.40M | 219.10M | 227.10M | 225.70M | 178.40M | 184.40M | 182.30M | 184.20M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 844.80M | 1.11B | 1.39B | 1.66B | 1.91B | - | 2.32B | 2.50B | 2.55B | 2.52B |
| Cost of Revenue | - | - | - | - | - | - | 444.20M | 478.50M | 445.10M | 500.80M |
| Gross Profit | 454.20M | 737.90M | 997.00M | 1.25B | 1.50B | - | 1.88B | 2.02B | 2.10B | 2.02B |
| Operating Expenses | - | - | - | - | - | - | 1.52B | 1.64B | 1.62B | 1.33B |
| Operating Income | -193.50M | -113.70M | -494.00M | -80.50M | -277.00M | - | 356.50M | 383.50M | 486.30M | 687.80M |
| EBITDA | - | - | - | - | - | - | 513.60M | 553.50M | 623.60M | 853.60M |
| Interest Expense | - | - | - | - | - | - | - | - | - | 78.60M |
| Pretax Income | - | - | - | - | - | - | 192.70M | 554.40M | 509.80M | 617.60M |
| Tax Provision | - | - | - | - | - | - | -360.50M | 100.80M | 57.50M | 109.20M |
| Net Income | -210.20M | -111.70M | -484.90M | -52.70M | -256.30M | - | 553.20M | 453.60M | 452.30M | 508.40M |
| Diluted EPS | - | - | - | -0.13 | -0.62 | - | 1.52 | 1.31 | 1.40 | 1.86 |
| R&D Expense | 289.70M | 380.30M | 768.20M | 662.10M | 727.50M | 755.90M | 891.90M | 936.50M | 914.90M | 732.00M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.02B | 1.69B | 2.70B | 2.39B | 3.09B | 3.11B | 2.98B | 3.33B | 2.84B |
| Total Equity | 185.60M | 122.80M | 102.90M | 676.80M | 808.40M | 333.80M | -293.90M | -309.40M | -165.80M | -752.40M | -1.80B |
| Cash & Equivalents | 356.90M | 352.70M | 430.00M | 519.30M | 551.30M | 314.90M | 533.00M | 232.80M | 614.90M | 1.33B | 891.30M |
| Total Liabilities | - | - | 917.00M | 1.02B | 1.89B | 2.05B | 3.39B | 3.42B | 3.15B | 4.08B | 4.64B |
| Current Liabilities | - | - | 738.40M | 837.50M | 1.01B | 1.09B | 1.18B | 1.20B | 1.20B | 1.21B | 1.89B |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 252.60M | 330.30M | 425.40M | 528.50M | 570.80M | 729.80M | 797.30M | 783.70M | 894.10M | 951.80M |
| 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 |
| Capital Expenditure | -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 |
| Share Buybacks | - | - | 0 | 0 | 397.50M | 1.06B | 795.40M | 539.90M | 1.24B | 1.71B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 53.8% | 66.7% | 71.6% | 75.3% | 78.3% | - | 80.9% | 80.9% | 82.5% | 80.1% |
| Operating Margin % | -22.9% | -10.3% | -35.5% | -4.8% | -14.5% | - | 15.3% | 15.3% | 19.1% | 27.3% |
| Net Margin % | -24.9% | -10.1% | -34.8% | -3.2% | -13.4% | - | 23.8% | 18.1% | 17.7% | 20.2% |
| ROE % | -171.2% | -108.6% | -71.6% | -6.5% | -76.8% | - | -178.8% | -273.6% | -60.1% | -28.3% |
| ROCE % | - | -40.4% | -57.7% | -4.8% | -21.3% | - | 18.6% | 21.5% | 23.0% | 72.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 13.19% | 20.84M | $624.55M |
| 2 | Vanguard Portfolio Management LLC | 7.74% | 12.23M | $366.52M |
| 3 | LSV Asset Management | 7.39% | 11.68M | $350.13M |
| 4 | Arrowstreet Capital, Limited Partnership | 5.40% | 8.53M | $255.76M |
| 5 | Renaissance Technologies, LLC | 4.89% | 7.72M | $231.40M |
| 6 | Vanguard Capital Management LLC | 4.43% | 7.00M | $209.83M |
| 7 | Morgan Stanley | 3.96% | 6.25M | $187.38M |
| 8 | State Street Corporation | 3.65% | 5.77M | $172.88M |
| 9 | Acadian Asset Management. LLC | 3.60% | 5.69M | $170.56M |
| 10 | Jacobs Levy Equity Management, Inc. | 3.04% | 4.80M | $143.95M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for DBX
Dropbox (DBX) Rises Higher Than Market: Key Facts - Yahoo Finance Singapore
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DBX — Frequently Asked Questions
What is the current share price of Dropbox, Inc. (DBX)?
As of 2026-07-15 16:51 PDT, Dropbox, Inc. (DBX) trades at $30.35 on NasdaqGS. Its 52-week range is $22.06 to $32.17.
What is the market capitalisation of DBX?
Dropbox, Inc. (DBX) has a market capitalisation of $4.80B on NasdaqGS.
What is the P/E ratio of DBX?
DBX trades at a trailing price-to-earnings (P/E) ratio of 16.58. The industry average P/E is 34.66. Its price-to-book (P/B) ratio is -3.43.
What is the return on equity (ROE) of DBX?
DBX has a return on equity (ROE) of -28.29%. Its return on capital employed (ROCE) is 72.29%.
Is DBX a good stock to buy?
This page provides a data-driven analysis of Dropbox, Inc. (DBX), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.