Dropbox financials
$32.70+2.44%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $631.5M | $629.5M | $636.2M | $634.4M | $625.7M | $624.7M | $643.6M | $638.8M | $634.5M | $631.3M | $635.0M | $633.0M |
| Gross profit | $506.5M | $501.4M | $504.1M | $506.1M | $502.0M | $508.0M | $522.8M | $527.3M | $527.5M | $525.5M | $513.0M | $513.4M |
| Gross margin | 80.2% | 79.7% | 79.2% | 79.8% | 80.2% | 81.3% | 81.2% | 82.5% | 83.1% | 83.2% | 80.8% | 81.1% |
| Operating income | $164.8M | $172.8M | $159.6M | $174.7M | $168.4M | $183.8M | $87.9M | $127.8M | $127.0M | $143.5M | $267.4M | $130.7M |
| Net income | $95.8M | $114.5M | $108.7M | $123.8M | $125.6M | $150.3M | $102.8M | $106.7M | $110.5M | $132.3M | $227.3M | $114.1M |
| Net margin | 15.2% | 18.2% | 17.1% | 19.5% | 20.1% | 24.1% | 16.0% | 16.7% | 17.4% | 21.0% | 35.8% | 18.0% |
| Diluted EPS | $0.42 | $0.48 | $0.43 | $0.47 | $0.45 | $0.51 | $0.33 | $0.34 | $0.34 | $0.39 | $0.66 | $0.33 |
| EBITDA | $195.7M | $217.4M | $206.0M | $220.5M | $202.8M | $229.1M | $133.8M | $170.8M | $166.8M | $182.4M | $110.0M | $181.9M |
| Operating cash flow | $238.5M | $204.5M | $235.4M | $302.1M | $260.5M | $153.8M | $213.8M | $274.2M | $230.6M | $175.5M | $200.3M | $255.9M |
| Free cash flow | $235.2M | $203.3M | $224.9M | $293.7M | $258.5M | $153.7M | $210.5M | $270.1M | $224.7M | $166.3M | $190.3M | $246.5M |
| Diluted shares | 226.8M | 236.7M | 253.7M | 265.1M | 276.7M | 295.7M | 312.8M | 316.4M | 323.7M | 340.7M | 343.8M | 346.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.06B | $1.21B | $891.3M | $730.7M | $736.3M | $942.2M |
| Short-term investments | $57.6M | $81.4M | $146.9M | $194.6M | $218.4M | $237.8M |
| Total debt | $3.59B | $3.62B | $3.18B | $2.84B | $2.68B | $2.69B |
| Total assets | $2.83B | $3.03B | $2.84B | $2.80B | $2.78B | $2.96B |
| Total liabilities | $5.01B | $5.04B | $4.64B | $4.33B | $4.08B | $4.03B |
| Shareholders' equity | -$2.19B | -$2.01B | -$1.80B | -$1.53B | -$1.31B | -$1.08B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology