DBX Chart
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.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Infrastructur Market Cap 6.35B
Enterprise Value 8.40B Income 508.40M Sales 2.52B
Book/sh -7.40 Cash/sh 4.30 Dividend Yield —
Payout 0.00% Employees 2113 IPO —
P/E 13.80 Forward P/E 7.21 PEG —
P/S 2.52 P/B -3.28 P/C —
EV/EBITDA 9.90 EV/Sales 3.33 Quick Ratio 0.59
Current Ratio 0.63 Debt/Eq — LT Debt/Eq —
EPS (ttm) 1.76 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 174.42M
Shs Float 153.03M Short Float 27.54% Short Ratio 8.63
Short Interest — 52W High 32.40 52W Low 23.62
Beta 0.63 Avg Volume 3.91M Volume 6.32M
Target Price $25.50 Recom Hold Prev Close $24.50
Price $24.28 Change -0.90%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$25.50
Mean price target
2. Current target
$24.28
Latest analyst target
3. DCF / Fair value
$82.55
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$24.28
Low
$21.00
High
$30.00
Mean
$25.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
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
2023-09-18 main Citigroup Neutral → Neutral $30
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1416 34678.0 — Sale at price 24.49 per share. SCHUBACH SARAH ELIZABETH Officer — 2026-02-18 00:00:00 D
1 164502 4221088.0 — Sale at price 25.66 per share. HOUSTON ANDREW W Chief Executive Officer — 2026-02-02 00:00:00 I
2 164502 nan — — HOUSTON ANDREW W Chief Executive Officer — 2026-02-02 00:00:00 I
3 1462 37705.0 — Sale at price 25.79 per share. SCHUBACH SARAH ELIZABETH Officer — 2026-01-30 00:00:00 D
4 1168 31349.0 — Sale at price 26.84 per share. SCHUBACH SARAH ELIZABETH Officer — 2026-01-15 00:00:00 D
5 60000 1651456.0 — Sale at price 27.51 - 27.54 per share. HOUSTON ANDREW W Chief Executive Officer — 2026-01-12 00:00:00 I
6 60000 nan — — HOUSTON ANDREW W Chief Executive Officer — 2026-01-12 00:00:00 I
7 92668 2493371.0 — Sale at price 26.79 - 27.58 per share. HOUSTON ANDREW W Chief Executive Officer — 2026-01-02 00:00:00 I
8 92668 nan — — HOUSTON ANDREW W Chief Executive Officer — 2026-01-02 00:00:00 I
9 814426 — — Stock Award(Grant) at price 0.00 per share. TENNENBAUM ROSS J Chief Financial Officer — 2025-12-31 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-11.28K28.22M-36.79M-8.45M
TaxRateForCalcs0.110.180.210.27
NormalizedEBITDA623.70M398.30M688.80M488.40M
TotalUnusualItems-100.00K155.20M-175.20M-31.30M
TotalUnusualItemsExcludingGoodwill-100.00K155.20M-175.20M-31.30M
NetIncomeFromContinuingOperationNetMinorityInterest452.30M453.60M553.20M335.80M
ReconciledDepreciation137.30M170.00M157.10M151.40M
ReconciledCostOfRevenue445.10M478.50M444.20M444.20M
EBITDA623.60M553.50M513.60M457.10M
EBIT486.30M383.50M356.50M305.70M
NetInterestIncome13.90M19.40M3.30M-5.20M
InterestIncome13.90M19.40M3.30M
NormalizedIncome452.39M326.62M691.61M358.65M
NetIncomeFromContinuingAndDiscontinuedOperation452.30M453.60M553.20M335.80M
TotalExpenses2.06B2.12B1.97B1.85B
TotalOperatingIncomeAsReported486.20M538.70M181.30M274.40M
DilutedAverageShares323.40M345.60M363.30M395.80M
BasicAverageShares318.20M341.20M361.20M388.00M
DilutedEPS1.401.311.520.85
BasicEPS1.421.331.530.87
DilutedNIAvailtoComStockholders452.30M453.60M553.20M335.80M
NetIncomeCommonStockholders452.30M453.60M553.20M335.80M
NetIncome452.30M453.60M553.20M335.80M
NetIncomeIncludingNoncontrollingInterests452.30M453.60M553.20M335.80M
NetIncomeContinuousOperations452.30M453.60M553.20M335.80M
TaxProvision57.50M100.80M-360.50M-36.50M
PretaxIncome509.80M554.40M192.70M299.30M
OtherIncomeExpense9.60M151.50M-167.10M-1.20M
OtherNonOperatingIncomeExpenses9.70M-3.70M8.10M30.10M
SpecialIncomeCharges-100.00K155.20M-175.20M-31.30M
GainOnSaleOfPPE-100.00K155.20M-175.20M-31.30M
OtherSpecialCharges-155.20M175.20M31.30M
ImpairmentOfCapitalAssets175.20M31.30M
GainOnSaleOfSecurity-100.00K155.20M-175.20M-31.30M
NetNonOperatingInterestIncomeExpense13.90M19.40M3.30M-5.20M
TotalOtherFinanceCost-19.40M-3.30M5.20M
InterestIncomeNonOperating13.90M19.40M3.30M
OperatingIncome486.30M383.50M356.50M305.70M
OperatingExpense1.62B1.64B1.52B1.41B
ResearchAndDevelopment914.90M936.50M891.90M755.90M
SellingGeneralAndAdministration701.90M703.10M632.30M652.10M
SellingAndMarketingExpense460.70M466.00M409.40M427.50M
GeneralAndAdministrativeExpense241.20M237.10M222.90M224.60M
OtherGandA241.20M237.10M222.90M224.60M
GrossProfit2.10B2.02B1.88B1.71B
CostOfRevenue445.10M478.50M444.20M444.20M
TotalRevenue2.55B2.50B2.32B2.16B
OperatingRevenue2.55B2.50B2.32B2.16B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber295.90M336.70M349.40M375.50M
ShareIssued295.90M336.70M349.40M375.50M
NetDebt1.03B762.90M1.14B837.30M
TotalDebt3.00B2.03B2.29B2.37B
TangibleBookValue-1.25B-626.10M-801.00M-704.10M
InvestedCapital1.60B1.21B1.06B1.08B
WorkingCapital527.60M315.10M293.30M674.00M
NetTangibleAssets-1.25B-626.10M-801.00M-704.10M
CapitalLeaseObligations642.10M652.80M920.60M998.40M
CommonStockEquity-752.40M-165.80M-309.40M-293.90M
TotalCapitalization1.59B1.21B1.06B1.08B
TotalEquityGrossMinorityInterest-752.40M-165.80M-309.40M-293.90M
StockholdersEquity-752.40M-165.80M-309.40M-293.90M
GainsLossesNotAffectingRetainedEarnings-10.10M-21.50M-48.90M-2.60M
OtherEquityAdjustments-10.10M-21.50M-48.90M-2.60M
RetainedEarnings-3.15B-2.74B-2.77B-2.74B
AdditionalPaidInCapital2.40B2.60B2.51B2.45B
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest4.08B3.15B3.42B3.39B
TotalNonCurrentLiabilitiesNetMinorityInterest2.87B1.95B2.22B2.21B
OtherNonCurrentLiabilities68.40M90.80M112.10M39.40M
LongTermDebtAndCapitalLeaseObligation2.80B1.86B2.11B2.17B
LongTermCapitalLeaseObligation453.90M479.20M736.90M799.70M
LongTermDebt2.34B1.38B1.37B1.37B
CurrentLiabilities1.21B1.20B1.20B1.18B
CurrentDeferredLiabilities727.70M725.00M702.60M671.50M
CurrentDeferredRevenue727.70M725.00M702.60M671.50M
CurrentDebtAndCapitalLeaseObligation198.20M173.60M183.70M198.70M
CurrentCapitalLeaseObligation188.20M173.60M183.70M198.70M
CurrentDebt10.00M
OtherCurrentBorrowings10.00M
PensionandOtherPostRetirementBenefitPlansCurrent105.20M109.20M131.70M139.10M
PayablesAndAccruedExpenses179.70M193.70M178.50M166.50M
CurrentAccruedExpenses84.00M93.90M63.50M63.40M
Payables95.70M99.80M115.00M103.10M
TotalTaxPayable59.20M61.30M76.40M77.40M
AccountsPayable36.50M38.50M38.60M25.70M
TotalAssets3.33B2.98B3.11B3.09B
TotalNonCurrentAssets1.59B1.47B1.62B1.24B
OtherNonCurrentAssets104.70M53.20M61.00M54.20M
NonCurrentDeferredAssets466.70M460.40M498.70M41.20M
NonCurrentDeferredTaxesAssets466.70M460.40M498.70M41.20M
GoodwillAndOtherIntangibleAssets497.70M460.30M491.60M410.20M
OtherIntangibleAssets54.90M58.10M88.30M53.60M
Goodwill442.80M402.20M403.30M356.60M
NetPPE517.70M493.00M569.00M735.90M
AccumulatedDepreciation-584.20M-586.30M-503.50M-452.60M
GrossPPE1.10B1.08B1.07B1.19B
Leases101.90M96.10M118.00M106.70M
ConstructionInProgress200.00K4.60M2.80M11.70M
OtherProperties158.90M183.80M260.60M413.90M
MachineryFurnitureEquipment840.90M794.80M691.10M656.20M
Properties0.000.000.000.00
CurrentAssets1.74B1.52B1.49B1.85B
OtherCurrentAssets73.80M91.90M92.60M82.10M
PrepaidAssets82.10M
Receivables70.40M68.70M53.80M49.60M
AccountsReceivable70.40M68.70M53.80M49.60M
AllowanceForDoubtfulAccountsReceivable-1.10M-700.00K-1.00M
GrossAccountsReceivable69.80M54.50M50.60M
CashCashEquivalentsAndShortTermInvestments1.59B1.36B1.34B1.72B
OtherShortTermInvestments265.90M741.10M1.11B1.19B
CashAndCashEquivalents1.33B614.90M232.80M533.00M
CashEquivalents1.23B533.60M142.70M390.30M
CashFinancial98.30M81.30M90.10M142.70M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow871.40M759.10M762.40M700.90M
RepurchaseOfCapitalStock-1.24B-539.90M-795.40M-1.06B
RepaymentOfDebt-129.40M-126.60M-127.50M-375.70M
IssuanceOfDebt1.00B0.000.001.39B
IssuanceOfCapitalStock900.00K2.50M500.00K6.90M
CapitalExpenditure-22.70M-24.60M-34.90M-28.90M
InterestPaidSupplementalData15.20M10.50M8.20M8.50M
IncomeTaxPaidSupplementalData61.00M68.20M27.60M4.20M
EndCashPosition1.36B614.90M232.80M533.00M
BeginningCashPosition614.90M232.80M533.00M314.90M
EffectOfExchangeRateChanges-5.70M2.40M-7.20M-3.10M
ChangesInCash751.30M379.70M-293.00M221.20M
FinancingCashFlow-586.60M-799.20M-1.04B16.20M
CashFlowFromContinuingFinancingActivities-586.60M-799.20M-1.04B16.20M
NetOtherFinancingCharges-216.50M-135.20M-119.40M-148.50M
ProceedsFromStockOptionExercised0.000.00202.90M
NetCommonStockIssuance-1.24B-537.40M-794.90M-1.05B
CommonStockPayments-1.24B-539.90M-795.40M-1.06B
CommonStockIssuance900.00K2.50M500.00K6.90M
NetIssuancePaymentsOfDebt870.60M-126.60M-127.50M1.01B
NetLongTermDebtIssuance870.60M-126.60M-127.50M1.01B
LongTermDebtPayments-129.40M-126.60M-127.50M-375.70M
LongTermDebtIssuance1.00B0.000.001.39B
InvestingCashFlow443.80M395.20M-48.50M-524.80M
CashFlowFromContinuingInvestingActivities443.80M395.20M-48.50M-524.80M
NetOtherInvestingChanges31.20M23.90M19.60M40.20M
NetInvestmentPurchaseAndSale493.10M395.90M31.60M-396.10M
SaleOfInvestment555.40M604.60M602.80M742.30M
PurchaseOfInvestment-62.30M-208.70M-571.20M-1.14B
NetBusinessPurchaseAndSale-57.80M0.00-64.80M-140.00M
SaleOfBusiness0.000.0010.60M0.00
PurchaseOfBusiness-57.80M0.00-75.40M-140.00M
NetIntangiblesPurchaseAndSale-200.00K-300.00K-1.10M-6.80M
PurchaseOfIntangibles-200.00K-300.00K-1.10M-6.80M
CapitalExpenditureReported-22.50M-24.30M-33.80M-22.10M
OperatingCashFlow894.10M783.70M797.30M729.80M
CashFlowFromContinuingOperatingActivities894.10M783.70M797.30M729.80M
ChangeInWorkingCapital-96.60M-118.70M-124.30M-100.70M
ChangeInOtherWorkingCapital1.50M22.70M34.30M88.40M
ChangeInOtherCurrentLiabilities-63.40M-66.90M-104.30M-115.20M
ChangeInOtherCurrentAssets6.40M23.30M-9.70M11.70M
ChangeInPayablesAndAccruedExpense-33.30M-42.20M10.90M-21.00M
ChangeInAccruedExpense-28.80M-43.40M-2.10M-28.60M
ChangeInPayable-4.50M1.20M13.00M7.60M
ChangeInAccountPayable-4.50M1.20M13.00M7.60M
ChangeInPrepaidAssets-5.40M-41.10M-50.00M-58.40M
ChangeInReceivables-2.40M-14.50M-5.50M-6.20M
OtherNonCashItems59.70M57.60M106.70M76.00M
StockBasedCompensation346.50M338.00M330.70M287.10M
AssetImpairmentCharge175.20M31.30M
DeferredTax-5.40M38.40M-396.30M-37.50M
DeferredIncomeTax-5.40M38.40M-396.30M-37.50M
DepreciationAmortizationDepletion137.30M170.00M157.10M151.40M
DepreciationAndAmortization137.30M170.00M157.10M151.40M
AmortizationCashFlow27.80M30.40M16.30M15.60M
AmortizationOfIntangibles27.80M30.40M16.30M15.60M
Depreciation109.30M139.70M140.90M135.70M
OperatingGainsLosses300.00K-155.20M170.20M17.70M
EarningsLossesFromEquityInvestments200.00K0.00-5.00M0.00
GainLossOnInvestmentSecurities100.00K-155.20M175.20M17.70M
NetIncomeFromContinuingOperations452.30M453.60M553.20M335.80M
SEC Filings

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

Public Trades for DBX
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