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NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Dropbox, Inc. DBX

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.5B
▼ 1.1% YoY
$508.4M
▲ 12.4% YoY
$930.8M
▲ 6.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It offers a range of subscription plans for its users, including a free Basic plan, paid Personal plans, and Business plans. It generates over 90% of its revenue from self-serve channels, meaning users who purchase a subscription through its app or website. In 2025, 2024, and 2023, no customer accounted for more than 1% of its revenue. It has datacenter co-location facilities in Oregon, Texas, Virginia, Paris and Hamburg. As of December 31, 2025, it had 2,113 full-time employees, of whom 1,612 were located in the United States and 501 were located outside of the United States. Dropbox, Inc. was incorporated in May 2007 as Evenflow, Inc., a Delaware corporation, changed its name to Dropbox, Inc. in October 2009, and reincorporated in the state of Nevada in March 2025.

Written from the business description in DROPBOX, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.5B
Revenue, FY2025 · full 10-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.5 · Net income 0.5
1.0B2.0B-0.2B-0.4B
2016201920222025
Compound annual growth
+2.7%
+5.7%
−2.8%
+7.0%
+29.2%
+34.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.7% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

20 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 27.3% · Net 20.2%
10%20%-10%-20%-30%
201620202025
ROE
FY2020 · ROE -44.9%
-50%-100%-150%
201620202025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: 45%.

Cash & shareholders

USD 1.7B
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 930.8
400M800M
201620202025
Net buybacks $B Dividends $B
FY2025 · Dividends · · Net buybacks 1.7
1B2B
20182019202020212022202320242025

USD 1.7B in buybacks — 337% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.8B
EquityUSD -1.8B
CashUSD 891.3M
Current ratio0.63×

Equity funds -63% of total assets.

The 10-year record

10 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
DBX, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue $B2.52.52.52.32.21.91.71.41.10.8
Operating income $B0.70.50.50.20.3−0.3−0.1−0.5−0.1−0.2
EBITDA $B0.80.60.70.30.4−0.10.1−0.30.1−0.0
Income tax $B0.10.10.1−0.4−0.00.00.00.00.00.0
Net income $B0.50.50.50.60.3−0.3−0.1−0.5−0.1−0.2
Free cash flow $B0.90.90.80.80.70.50.40.40.30.1
EPS, diluted $1.861.401.311.520.85−0.62−0.13−1.35−0.57−1.11
Dividend / sh $◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————
ROE %—————−44.9−7.1−124.4−99.0−171.2

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 10 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. Nine checks were skipped: EPS is not tagged before 2016. Nine checks were skipped: revenue is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
Data on record since2016

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