Dropbox financials
$32.70+2.44%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.52B | $2.55B | $2.50B | $2.32B | $2.16B | $1.91B | $1.66B | $1.39B |
| Gross profit | $2.02B | $2.10B | $2.02B | $1.88B | $1.71B | $1.50B | $1.25B | $997.0M |
| Gross margin | 80.1% | 82.5% | 80.9% | 80.9% | 79.4% | 78.3% | 75.3% | 71.6% |
| Operating income | $689.1M | $486.2M | $538.7M | $181.3M | $305.7M | -$277.0M | -$80.5M | -$494.0M |
| Net income | $508.4M | $452.3M | $453.6M | $553.2M | $335.8M | -$256.3M | -$52.7M | -$484.9M |
| Net margin | 20.2% | 17.7% | 18.1% | 23.8% | 15.6% | −13.4% | −3.2% | −34.8% |
| Diluted EPS | $1.86 | $1.40 | $1.31 | $1.52 | $0.85 | $-0.62 | $-0.13 | $-1.35 |
| EBITDA | $872.4M | $653.8M | $747.3M | $553.1M | $565.7M | $386.0M | $110.5M | -$315.1M |
| Operating cash flow | $951.8M | $894.1M | $783.7M | $797.3M | $729.8M | $570.8M | $528.5M | $425.4M |
| Free cash flow | $930.8M | $871.6M | $759.4M | $763.5M | $707.7M | $490.7M | $392.4M | $362.4M |
| Diluted shares | 272.8M | 323.4M | 345.6M | 363.3M | 395.8M | 414.3M | 411.6M | 358.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $891.3M | $1.33B | $614.9M | $232.8M | $533.0M | $314.9M |
| Short-term investments | $146.9M | $265.9M | $741.1M | $1.11B | $1.19B | $806.4M |
| Total debt | $3.18B | $2.68B | $1.66B | $1.64B | $1.66B | $271.2M |
| Total assets | $2.84B | $3.33B | $2.98B | $3.11B | $3.09B | $2.39B |
| Total liabilities | $4.64B | $4.08B | $3.15B | $3.42B | $3.39B | $2.05B |
| Shareholders' equity | -$1.80B | -$752.4M | -$165.8M | -$309.4M | -$293.9M | $333.8M |
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