Dropbox, Inc. (DBX)
Technology · Software - Infrastructure · NasdaqGS
Dropbox, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $844.80M | $1.11B | $1.39B | $1.66B | $1.91B | $2.16B | $2.32B | $2.50B | $2.55B | $2.52B |
| Gross profit | $454.20M | $737.90M | $997.00M | $1.25B | $1.50B | $1.71B | $1.88B | $2.02B | $2.10B | $2.02B |
| Net income | $-210.20M | $-111.70M | $-484.90M | $-52.70M | $-256.30M | $335.80M | $553.20M | $453.60M | $452.30M | $508.40M |
| Net margin | -24.9% | -10.1% | -34.8% | -3.2% | -13.4% | 15.6% | 23.8% | 18.1% | 17.7% | 20.2% |
Source: Dropbox, Inc. SEC filings (10-K).
What growth is priced into DBX stock?
At today's market cap of $6.45B, Dropbox, Inc. is priced for free-cash-flow growth of about -7.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $930.80M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 13.7%/yr over the last five fiscal years and revenue 5.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 10 years of Dropbox, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Dropbox, Inc. financial history by metric
About Dropbox, Inc.
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.
Dropbox, Inc. — frequently asked questions
What is Dropbox, Inc.'s revenue?
Dropbox, Inc. (DBX) reported revenue of $2.52B for fiscal year 2025, down 1.1% from the prior year, according to its SEC filings.
Is Dropbox, Inc. profitable?
Yes. DBX earned net income of $508.40M in fiscal 2025, a net margin of 20.2%.
What is DBX's P/E ratio?
Dropbox, Inc. trades at a price-to-earnings ratio of about 15.1 based on the latest data in our nightly-refreshed cache.
How fast is Dropbox, Inc. growing?
DBX's revenue grew at roughly 5.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Dropbox, Inc. have?
As of fiscal year 2025, DBX carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Dropbox, Inc.'s gross margin?
DBX's gross margin was 80.1% in fiscal 2025 — gross profit of $2.02B on revenue of $2.52B.
What is Dropbox, Inc.'s market cap?
Dropbox, Inc. (DBX) has a market capitalization of about $6.45B, based on the latest data in our nightly-refreshed cache.
When does Dropbox, Inc.'s fiscal year end?
DBX's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into DBX stock?
At today's market cap of $6.45B, Dropbox, Inc. is priced for free-cash-flow growth of about -7.1% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $930.80M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 13.7%/yr over the last five fiscal years and revenue 5.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Dropbox, Inc.'s official SEC filings (10-K and 10-Q), covering 10 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.