Tearsheet

Dropbox (DBX)

Market Price (9/16/2025): $31.87 | Market Cap: $8.7 Bil
Sector: Information Technology | Industry: Application Software

Dropbox (DBX)

Market Price (9/16/2025): $31.87
Market Cap: $8.7 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, FCF Yield is 10%	Trading close to highs Dist 52W High is -4.2%, Dist 3Y High is -4.2%	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -1.4%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%	Weak multi-year price returns 2Y Excs Rtn is -33%, 3Y Excs Rtn is -21%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 35%
3	Low stock price volatility Vol 12M is 31%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, FCF Yield is 10%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 35%
3	Low stock price volatility Vol 12M is 31%
4	Trading close to highs Dist 52W High is -4.2%, Dist 3Y High is -4.2%
5	Weak multi-year price returns 2Y Excs Rtn is -33%, 3Y Excs Rtn is -21%
6	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -1.4%

Market Valuation

	9/16/25	2024	2023	2022	2021
Share Price CYE	$31.87	$30.04	$29.48	$22.38	$24.54
Market Cap CYE ($ Bil)	8.7	9.0	9.9	7.9	9.3
Total Debt ($ Bil)	3.0	3.0	2.0	2.3	2.4
Total Cash ($ Bil)	1.0	1.6	1.4	1.3	1.7
Enterprise Value ($ Bil)	10.8	12.0	11.9	10.2	11.7
Valuation Ratios
P/S TTM	3.4	3.8	4.0	3.5	4.4
P/EBIT TTM	15.2	19.7	26.2	22.7	31.1
P/E TTM	17.9	21.1	22.2	14.6	28.4
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8	2.5	5.0
P/EBIT TTM (Sector)	4.0	-0.0	-0.1	-0.5	1.9
P/E TTM (Sector)	-0.4	-0.3	-0.4	-0.5	0.1

	9/16/25	2024	2023
Share Price CYE	$31.87	$30.04	$29.48
Market Cap CYE ($ Bil)	8.7	9.0	9.9
Total Debt ($ Bil)	3.0	3.0	2.0
Total Cash ($ Bil)	1.0	1.6	1.4
Enterprise Value ($ Bil)	10.8	12.0	11.9
Valuation Ratios
P/S TTM	3.4	3.8	4.0
P/EBIT TTM	15.2	19.7	26.2
P/E TTM	17.9	21.1	22.2
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8
P/EBIT TTM (Sector)	4.0	-0.0	-0.1
P/E TTM (Sector)	-0.4	-0.3	-0.4

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Dropbox, Inc. provides a content collaboration platform worldwide. Its platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
DBX Return	24%	11%	-9%	32%	2%	6%	73%
Peers Return	28%	25%	-28%	64%	101%	50%	472%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GOOGL, AMZN, BOX, ORCL, PLTR. See DBX Returns vs. Peers.
[3] 2025 data is for the year up to 9/15/2025 (YTD)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Dropbox Earnings Notes
2	Dropbox vs Merck: Which Is A Better Investment?	Counter-Intuitive Comparisons
3	Dropbox vs First Solar: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	How Does DBX Stack Up Against Its Peers?	Peer Comparison
5	Better Bet Than DBX Stock: Pay Less Than Dropbox To Get More From MRK, D
6	Better Bet Than DBX Stock: Pay Less Than Dropbox To Get More From FSLR, GEN
7	Better Bet Than DBX Stock: Pay Less Than Dropbox To Get More From ACIW
8	DBX Dip Buy Analysis
9	Dropbox Total Shareholder Return (TSR): 1.9% in 2024 and 7.0% 3-yr compounded annual returns (above peer average)
10	Dropbox (DBX) worth $8.9 Bil (down $-1.7 Bil), still more valuable than Enphase Energy	Notification
11	ARTICLES
12	Dropbox Stock At $30: What’s Next?		February 21st, 2025
13	How Dropbox Stock Might React To Upcoming Earnings		February 19th, 2025
14	Is This Beaten Down Tech Theme Worth A Look?		August 10th, 2022

	Title
0	DASHBOARDS
1	Dropbox Stock At $30: What’s Next?
2	How Dropbox Stock Might React To Upcoming Earnings
3	Is This Beaten Down Tech Theme Worth A Look?
4	ARTICLES
5	Dropbox Earnings Notes
6	Dropbox vs Merck: Which Is A Better Investment?
7	Dropbox vs First Solar: Which Is A Better Investment?
8	How Does DBX Stack Up Against Its Peers?
9	Better Bet Than DBX Stock: Pay Less Than Dropbox To Get More From MRK, D
10	Better Bet Than DBX Stock: Pay Less Than Dropbox To Get More From FSLR, GEN
11	Better Bet Than DBX Stock: Pay Less Than Dropbox To Get More From ACIW
12	DBX Dip Buy Analysis
13	Dropbox Total Shareholder Return (TSR): 1.9% in 2024 and 7.0% 3-yr compounded annual returns (above peer average)
14	Dropbox (DBX) worth $8.9 Bil (down $-1.7 Bil), still more valuable than Enphase Energy

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11963.5%	11963.5%
2	GIBO	GIBO	7309.3%
3	CHSN	Chanson International	5551.3%	-99.3%
4	LNZA	LanzaTech Global	5145.9%	-85.7%
5	QMMM	QMMM	2490.3%	5505.5%
6	NXTT	Next Technology	2167.7%	1080.3%
7	VTAK	Catheter Precision	1543.9%	-70.5%
8	CURX	Curanex Pharmaceuticals	1282.0%	1282.0%
9	VCIG	VCI Global	1278.3%	-66.8%
10	OCTO	Eightco	800.6%	562.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-93.3%	-95.1%
2	ELPW	Elong Power	-92.4%	-76.5%
3	STFS	Star Fashion Culture	-92.1%	-97.9%
4	ETS	Elite Express	-92.0%	-92.0%
5	NAKA	Kindly MD	-91.7%
6	BINI	Bollinger Innovations	-90.5%	-100.0%
7	FLYE	Fly-E	-89.8%	-81.2%
8	JEM	707 Cayman	-89.8%	-98.3%
9	NUTR	NusaTrip	-86.7%	-86.7%
10	CUPR	Cuprina	-84.9%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

Peer Comparisons for Dropbox

Financials

	DBX	GOOGL	AMZN	BOX	ORCL	PLTR	Median
Name	Dropbox	Alphabet	Amazon.c.	Box	Oracle	Palantir.
Mkt Price	31.87	251.61	231.43	32.51	302.14	171.21	201.32
Mkt Cap	8.7	3,050.0	2,461.7	4.7	848.1	404.9	626.5
Rev LTM	2,533	371,399	670,038	1,126	57,399	3,441	30,420
Op Inc LTM	571	121,370	76,190	68	18,052	570	9,311
FCF LTM	892	66,728	13,481	302	-394	1,709	1,300
FCF 3Y Avg	823	66,203	21,677	301	6,628	927	3,777
CFO LTM	902	133,708	121,137	338	20,821	1,730	11,275
CFO 3Y Avg	846	112,636	96,977	329	18,886	947	9,917

Growth & Margins

	DBX	GOOGL	AMZN	BOX	ORCL	PLTR	Median
Name	Dropbox	Alphabet	Amazon.c.	Box	Oracle	Palantir.
Rev Chg LTM	-0.0%	13.1%	10.9%	6.3%	8.4%	38.8%	9.6%
Rev Chg 3Y Avg	4.1%	10.2%	11.3%	6.1%	10.7%	25.7%	10.5%
Rev Chg Q	-1.4%	13.8%	13.3%	8.9%	11.3%	48.0%	12.3%
QoQ Delta Rev Chg LTM	-0.3%	3.2%	3.0%	2.2%	2.9%	10.5%	3.0%
Op Mgn LTM	22.5%	32.7%	11.4%	6.1%	31.5%	16.6%	19.5%
Op Mgn 3Y Avg	18.6%	29.4%	7.9%	5.9%	29.8%	8.4%	13.5%
QoQ Delta Op Mgn LTM	1.8%	0.0%	0.3%	-0.1%	-0.4%	3.5%	0.2%
CFO/Rev LTM	35.6%	36.0%	18.1%	30.0%	36.3%	50.3%	35.8%
CFO/Rev 3Y Avg	33.9%	34.1%	15.8%	30.8%	35.3%	32.9%	33.4%
FCF/Rev LTM	35.2%	18.0%	2.0%	26.8%	-0.7%	49.7%	22.4%
FCF/Rev 3Y Avg	32.9%	20.3%	3.5%	28.2%	12.9%	32.0%	24.3%

Valuation

	DBX	GOOGL	AMZN	BOX	ORCL	PLTR	Median
Name	Dropbox	Alphabet	Amazon.c.	Box	Oracle	Palantir.
Mkt Cap	8.7	3,050.0	2,461.7	4.7	848.1	404.9	626.5
P/S	3.4	8.2	3.7	4.2	14.8	117.7	6.2
P/EBIT	15.2	21.8	28.9	49.5	47.8	711.0	38.4
P/E	17.9	26.4	34.9	20.6	68.2	530.5	30.6
P/CFO	9.6	22.8	20.3	13.9	40.7	234.1	21.6
Total Yield	5.6%	4.1%	2.9%	4.9%	2.0%	0.2%	3.5%
Dividend Yield	0.0%	0.3%	0.0%	0.0%	0.6%	0.0%	0.0%
FCF Yield 3Y Avg	10.4%	3.5%	1.1%	7.0%	1.9%	1.0%	2.7%
D/E	0.4	0.0	0.1	0.1	0.1	0.0	0.1
Net D/E	0.2	-0.0	0.0	-0.0	0.1	-0.0	0.0

Returns

	DBX	GOOGL	AMZN	BOX	ORCL	PLTR	Median
Name	Dropbox	Alphabet	Amazon.c.	Box	Oracle	Palantir.
1M Rtn	14.6%	23.5%	0.2%	2.9%	21.7%	-3.4%	8.7%
3M Rtn	11.2%	42.5%	7.1%	-9.0%	43.4%	21.1%	16.2%
6M Rtn	21.3%	53.5%	18.2%	4.9%	97.3%	96.0%	37.4%
12M Rtn	29.6%	60.5%	24.1%	-2.3%	88.4%	381.1%	45.1%
3Y Rtn	46.9%	146.4%	87.3%	23.6%	357.1%	2,100.6%	116.9%
1M Excs Rtn	12.7%	21.8%	-2.1%	2.5%	21.1%	-7.7%	7.6%
3M Excs Rtn	2.8%	33.5%	-1.6%	-19.3%	30.0%	13.9%	8.4%
6M Excs Rtn	7.1%	35.0%	-0.4%	-13.2%	86.3%	81.2%	21.1%
12M Excs Rtn	12.9%	48.1%	6.3%	-20.8%	75.1%	372.2%	30.5%
3Y Excs Rtn	-20.9%	68.6%	13.1%	-42.9%	256.4%	2,108.6%	40.9%

Comparison Analyses

	Title
0	How Does DBX Stack Up Against Its Peers?
1	Dropbox vs Manhattan Associates: Industry Peers; Which Stock Is A Better Bet?
2	Dropbox vs Fair Isaac: Industry Peers; Which Stock Is A Better Bet?
3	Dropbox vs Alphabet: Industry Peers; Which Stock Is A Better Bet?
4	Dropbox vs Amazon: Industry Peers; Which Stock Is A Better Bet?
5	Dropbox vs Box: Industry Peers; Which Stock Is A Better Bet?
6	Dropbox vs Novocure Limited: Similar Market Cap; Which Stock Is A Better Bet?
7	Dropbox vs First Solar: Similar Market Cap; Which Stock Is A Better Bet?
8	Dropbox vs Watsco: Similar Market Cap; Which Stock Is A Better Bet?
9	Dropbox vs Etsy: Similar Revenue; Which Stock Is A Better Bet?

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		2/21/2025	2/16/2024	2/23/2023	2/18/2022	2/19/2021	2/21/2020
Key Financials
Total Revenue	2,533	2,548	2,502	2,325	2,158	1,914	1,661
Ebitda	721	624	554	514	457	280	93
Operating Income	571	486	384	356	306	121	-80
Net Income	485	452	454	553	336	-256	-53
EPS	1.66	1.42	1.33	1.53	0.87	-0.62	-0.13
Growth Rates
Total Revenue Growth	-0.0%	1.9%	7.6%	7.7%	12.7%	15.2%	19.4%
EBITDA Growth	9.3%	12.7%	7.8%	12.4%	63.0%	201.6%	128.4%
Operating Income Growth	11.6%	26.8%	7.6%	16.6%	152.2%	250.6%	83.7%
Net Income Growth	-16.9%	-0.3%	-18.0%	64.7%	231.0%	-386.3%	89.1%
Margins
EBITDA Margin	28.5%	24.5%	22.1%	22.1%	21.2%	14.7%	5.6%
Operating Income Margin	22.5%	19.1%	15.3%	15.3%	14.2%	6.3%	-4.8%
Net Income Margin	19.2%	17.7%	18.1%	23.8%	15.6%	-13.4%	-3.2%
Cash & Debt
Total Cash	955	1,594	1,356	1,343	1,718	1,121	1,159
Total Debt	3,043	2,997	2,031	2,295	2,369	1,120	1,007
Net Debt / (Cash)	2,088	1,402	675	951	651	-2	-152
Cash Flows
Net Cash from Operations	902	894	784	797	730	571	528
Free Cash from Operations	892	871	759	762	701	490	391
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	1,611	1,242	540	795	1,058	398	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/8/2025	5/9/2025	2/21/2025	11/8/2024	8/9/2024	5/10/2024	2/16/2024	11/3/2023	8/4/2023	5/9/2023	2/23/2023	11/4/2022
Key Financials Quarterly
Total Revenue	626	625	644	639	634	631	635	633	622	611	599	591
Ebitda	210	222	126	163	159	175	153	172	101	127	122	132
Operating Income	171	184	88	128	127	144	110	131	59	84	82	93
Net Income	126	150	103	107	110	132	227	114	43	69	328	83
EPS	0.46	0.52	0.34	0.34	0.34	0.40	0.67	0.34	0.13	0.20	0.93	0.23
Key Financials TTM
Total Revenue TTM	2,533	2,542	2,548	2,540	2,534	2,522	2,502	2,465	2,423	2,374	2,325	2,292
Ebitda TTM	721	671	624	650	660	602	554	522	482	511	514	517
Operating Income TTM	571	527	486	508	511	443	384	356	318	351	356	359
Net Income TTM	485	470	452	577	584	517	454	555	524	542	553	350
Growth Rates Quarterly
Total Revenue Growth	-1.4%	-1.0%	1.4%	0.9%	1.9%	3.3%	6.0%	7.1%	8.7%	8.7%	5.9%	7.4%
EBITDA Growth	31.7%	26.9%	-17.5%	-5.4%	57.2%	38.2%	25.7%	30.5%	-22.5%	-1.8%	-2.9%	13.9%
Operating Income Growth	34.6%	28.1%	-20.0%	-2.2%	116.4%	70.6%	34.0%	40.1%	-35.9%	-6.0%	-2.5%	20.7%
Net Income Growth	13.7%	13.6%	-54.8%	-6.5%	155.8%	91.7%	-30.8%	37.1%	-30.3%	-13.4%	163.5%	10.1%
Margins Quarterly
EBITDA Margin	33.6%	35.5%	19.6%	25.5%	25.1%	27.7%	24.1%	27.3%	16.3%	20.7%	20.3%	22.4%
Operating Income Margin	27.3%	29.4%	13.7%	20.0%	20.0%	22.7%	17.3%	20.6%	9.4%	13.8%	13.7%	15.8%
Net Income Margin	20.1%	24.1%	16.0%	16.7%	17.4%	21.0%	35.8%	18.0%	6.9%	11.3%	54.8%	14.1%
Cash & Debt
Total Cash	955	1,180	1,594	891	1,062	1,176	1,356	1,309	1,228	1,253	1,343	1,453
Total Debt	3,043	3,010	2,997	2,023	2,006	2,015	2,031	2,261	2,268	2,278	2,295	2,280
Net Debt / (Cash)	2,088	1,830	1,402	1,132	944	839	675	952	1,040	1,025	951	827
Cash Flows Quarterly
FCF from Operations	260	154	214	274	231	176	200	256	188	140	195	251
Cash Flows TTM
FCF from Operations TTM	902	872	894	881	862	819	784	778	774	796	797	765
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	410	499	353	349	260	279	106	104	154	175	174	171
Return on Invested Capital (ROIC) Quarterly
ROIC	13.6%	15.9%	9.3%	11.5%	12.2%	14.9%	11.3%	12.7%	4.9%	7.6%	9.6%	9.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	12.0%	11.5%	11.4%	11.9%	12.5%	11.0%	9.7%	10.2%	9.0%	10.1%	10.4%	10.9%

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$31.87
Market Cap ($ Bil)	8.7
First Trading Date	03/23/2018
Distance from 52W High	-4.2%
	50 Days	200 Days
DMA Price	$28.10	$28.63
DMA Trend	up	indeterminate
Distance from DMA	13.4%	11.3%
	3M	1YR
Volatility	24.1%	30.8%
Downside Capture	159.86	92.01
Upside Capture	137.81	102.15
Correlation (SPY)	43.7%	54.7%

DBX Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.27	1.37	0.88	0.74	0.88	0.96
Up Beta	0.85	0.97	0.78	0.79	0.77	0.86
Down Beta	1.48	1.52	0.00	0.60	0.90	0.94
Up Capture	167%	148%	87%	79%	97%	100%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	13	22	33	64	134	400
Down Capture	94%	163%	156%	80%	99%	102%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	8	19	28	58	109	341

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	17,317,826
Short Interest: % Change Since 8152025	-3.0%
Average Daily Volume	3,283,159
Days-to-Cover Short Interest	5.27
Basic Shares Quantity	272,400,000
Short % of Basic Shares	6.4%

Returns Analyses

	Title
0	Dropbox Stock Return Comparison
1	Dropbox Total Shareholder Return (TSR): -8.8% in 2022 and 7.7% 3-yr returns (below peer average)
2	Dropbox (DBX) Stock Return: AI Predicts DBX Average and Excess Return After a Fall or Rise

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/7/2025	2.7%	5.8%	15.8%
5/8/2025	-0.8%	-0.8%	-0.7%
2/20/2025	-16.2%	-18.6%	-16.9%
10/30/2024	1.4%	3.3%	8.4%
8/8/2024	3.3%	4.9%	6.5%
5/9/2024	-0.0%	3.5%	-7.8%
2/15/2024	-22.9%	-26.2%	-26.3%
11/2/2023	-1.6%	-0.7%	7.1%
...
SUMMARY STATS
# Positive	9	10	13
# Negative	13	12	9
Median Positive	3.3%	4.2%	7.4%
Median Negative	-2.4%	-6.9%	-11.8%
Max Positive	20.0%	10.7%	22.0%
Max Negative	-22.9%	-26.2%	-26.3%

	Forward Returns
8/7/2025	2.7%	5.8%	15.8%
5/8/2025	-0.8%	-0.8%	-0.7%
2/20/2025	-16.2%	-18.6%	-16.9%
10/30/2024	1.4%	3.3%	8.4%
8/8/2024	3.3%	4.9%	6.5%
5/9/2024	-0.0%	3.5%	-7.8%
2/15/2024	-22.9%	-26.2%	-26.3%
11/2/2023	-1.6%	-0.7%	7.1%
8/3/2023	5.9%	6.6%	7.4%
5/4/2023	8.6%	10.7%	22.0%
11/3/2022	4.7%	9.9%	10.0%
8/4/2022	-1.8%	2.4%	-11.8%
5/5/2022	-0.8%	-6.3%	5.7%
2/17/2022	-2.4%	-7.2%	-2.8%
11/4/2021	-10.3%	-13.4%	-22.8%
8/5/2021	2.0%	2.1%	2.6%
5/6/2021	0.7%	-0.4%	18.8%
2/18/2021	-3.8%	-7.1%	10.2%
11/5/2020	-4.8%	-6.7%	1.9%
8/6/2020	-11.1%	-15.6%	-15.1%
5/7/2020	-0.0%	-1.8%	3.0%
2/20/2020	20.0%	3.3%	-6.0%
SUMMARY STATS
# Positive	9	10	13
# Negative	13	12	9
Median Positive	3.3%	4.2%	7.4%
Median Negative	-2.4%	-6.9%	-11.8%
Max Positive	20.0%	10.7%	22.0%
Max Negative	-22.9%	-26.2%	-26.3%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8082025	10-Q 6/30/2025
3312025	5092025	10-Q 3/31/2025
12312024	2212025	10-K 12/31/2024
9302024	11082024	10-Q 9/30/2024
6302024	8092024	10-Q 6/30/2024
3312024	5102024	10-Q 3/31/2024
12312023	2162024	10-K 12/31/2023
9302023	11032023	10-Q 9/30/2023
6302023	8042023	10-Q 6/30/2023
3312023	5092023	10-Q 3/31/2023
12312022	2232023	10-K 12/31/2022
9302022	11042022	10-Q 9/30/2022
6302022	8052022	10-Q 6/30/2022
3312022	5062022	10-Q 3/31/2022
12312021	2182022	10-K 12/31/2021
9302021	11052021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Parasnis Abhay		8222025	Sell	28.26	3,564	100,719	1,145,152	Form
1	Dasdan Ali	Chief Technology Officer	8202025	Sell	27.30	5,666	154,701	15,395,623	Form
2	Dasdan Ali	Chief Technology Officer	8182025	Sell	27.82	7,146	198,809	16,380,810	Form
3	Regan Timothy	Chief Financial Officer	7172025	Sell	26.83	2,500	67,070	13,778,700	Form
4	Regan Timothy	Chief Financial Officer	7022025	Sell	28.40	2,500	71,000	14,941,070	Form

Collapse to Preview

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Parasnis Abhay		8222025	Sell	28.26	3,564	100,719	1,145,152	Form
1	Dasdan Ali	Chief Technology Officer	8202025	Sell	27.30	5,666	154,701	15,395,623	Form
2	Dasdan Ali	Chief Technology Officer	8182025	Sell	27.82	7,146	198,809	16,380,810	Form
3	Regan Timothy	Chief Financial Officer	7172025	Sell	26.83	2,500	67,070	13,778,700	Form
4	Regan Timothy	Chief Financial Officer	7022025	Sell	28.40	2,500	71,000	14,941,070	Form
5	Regan Timothy	Chief Financial Officer	6172025	Sell	28.10	2,500	70,245	14,852,434	Form
6	Alkarmi Ashraf	General Manager, Core	6172025	Sell	28.10	10,098	283,740	13,848,564	Form
7	Regan Timothy	Chief Financial Officer	6032025	Sell	28.78	2,500	71,950	15,284,885	Form
8	Peacock Karen		5292025	Sell	28.53	7,000	199,687	721,583	Form
9	Regan Timothy	Chief Financial Officer	5022025	Sell	28.29	2,500	70,731	15,916,399	Form
10	Regan Timothy	Chief Financial Officer	4172025	Sell	26.94	2,500	67,338	15,220,276	Form
11	Regan Timothy	Chief Financial Officer	4012025	Sell	26.57	2,500	66,432	9,773,237	Form
12	Regan Timothy	Chief Financial Officer	3182025	Sell	25.27	2,500	63,170	9,356,476	Form
13	Yoon William T	VP Product Counsel & Privacy	3172025	Sell	24.74	6,386	157,974	1,699,993	Form
14	Regan Timothy	Chief Financial Officer	3042025	Sell	25.88	2,500	64,704	9,648,390	Form
15	Cox Eric	Chief Customer Officer	3032025	Sell	26.30	3,765	99,009	8,140,329	Form
16	Regan Timothy	Chief Financial Officer	2112025	Sell	32.19	2,500	80,487	12,757,680	Form
17	Regan Timothy	Chief Financial Officer	2032025	Sell	32.17	2,500	80,437	12,830,152	Form
18	Regan Timothy	Chief Financial Officer	1172025	Sell	30.37	2,500	75,936	12,188,153	Form
19	Regan Timothy	Chief Financial Officer	1062025	Sell	29.65	10,000	296,485	11,970,997	Form
20	Regan Timothy	Chief Financial Officer	1022025	Sell	30.38	2,500	75,950	12,570,150	Form
21	Regan Timothy	Chief Financial Officer	12172024	Sell	29.99	2,500	74,975	12,483,716	Form
22	Regan Timothy	Chief Financial Officer	12132024	Sell	30.01	15,000	450,171	12,567,694	Form
23	Regan Timothy	Chief Financial Officer	12032024	Sell	27.87	2,500	69,679	12,089,653	Form
24	Campbell Lisa M		11252024	Sell	27.43	6,149	168,666	439,316	Form
25	Regan Timothy	Chief Financial Officer	10312024	Sell	25.71	2,500	64,277	11,936,162	Form
26	Regan Timothy	Chief Financial Officer	10172024	Sell	26.18	2,500	65,443	12,218,130	Form
27	Regan Timothy	Chief Financial Officer	10022024	Sell	25.44	2,500	63,591	12,190,318	Form
28	Regan Timothy	Chief Financial Officer	9232024	Sell	25.00	3,177	79,425	12,043,675	Form
29	Regan Timothy	Chief Financial Officer	9172024	Sell	24.35	2,500	60,875	11,827,379	Form
30	Regan Timothy	Chief Financial Officer	9042024	Sell	25.15	3,000	75,443	12,429,175	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Dropbox (DBX)

Market Price (9/16/2025): $31.87 | Market Cap: $8.7 BilSector: Information Technology | Industry: Application Software

Dropbox (DBX)

Market Price (9/16/2025): $31.87Market Cap: $8.7 BilSector: Information TechnologyIndustry: Application Software

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Market Price (9/16/2025): $31.87 | Market Cap: $8.7 Bil
Sector: Information Technology | Industry: Application Software

Market Price (9/16/2025): $31.87
Market Cap: $8.7 Bil
Sector: Information Technology
Industry: Application Software