DBX
Dropbox Inc
NASDAQ: DBX · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$24.31
+1.33% today
Updated 2026-04-29
Market cap
$5.80B
P/E ratio
13.07
P/S ratio
2.30x
EPS (TTM)
$1.86
Dividend yield
—
52W range
$22 – $32
Volume
3.8M
Dropbox Inc (DBX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $603.80M | $844.80M | $1.11B | $1.39B | $1.66B | $1.91B | $2.16B | $2.32B | $2.50B | $2.55B | $2.52B |
| Revenue growth (YoY) | — | +39.9% | +31.0% | +25.7% | +19.4% | +15.2% | +12.7% | +7.7% | +7.6% | +1.9% | -1.1% |
| Cost of revenue | $407.40M | $390.60M | $368.90M | $394.70M | $411.00M | $414.60M | $444.20M | $444.20M | $478.50M | $445.10M | $500.80M |
| Gross profit | $196.40M | $454.20M | $737.90M | $997.00M | $1.25B | $1.50B | $1.71B | $1.88B | $2.02B | $2.10B | $2.02B |
| Gross margin | 32.5% | 53.8% | 66.7% | 71.6% | 75.3% | 78.3% | 79.4% | 80.9% | 80.9% | 82.5% | 80.1% |
| R&D | $201.60M | $289.70M | $380.30M | $768.20M | $662.10M | $727.50M | $755.90M | $891.90M | $936.50M | $914.90M | $732.00M |
| SG&A | $107.90M | $107.40M | $157.30M | $283.20M | $245.40M | $227.80M | $224.60M | $222.90M | $237.10M | $241.20M | $230.50M |
| Operating income | $-306.20M | $-193.50M | $-113.70M | $-494.00M | $-80.50M | $-277.00M | $274.40M | $181.30M | $538.70M | $486.20M | $691.50M |
| Operating margin | -50.7% | -22.9% | -10.3% | -35.5% | -4.8% | -14.5% | 12.7% | 7.8% | 21.5% | 19.1% | 27.4% |
| EBITDA | $-156.60M | $-1.90M | $68.10M | $-327.20M | $93.00M | $280.50M | $457.10M | $513.60M | $553.50M | $623.60M | $889.90M |
| EBITDA margin | -25.9% | -0.2% | 6.2% | -23.5% | 5.6% | 14.7% | 21.2% | 22.1% | 22.1% | 24.5% | 35.3% |
| EBIT | $-306.20M | $-193.50M | $-113.70M | $-494.00M | $-80.50M | $121.20M | $305.70M | $356.50M | $383.50M | $486.30M | $732.40M |
| Interest expense | $15.20M | $16.40M | $11.00M | $7.10M | $10.30M | $10.80M | $12.70M | $12.40M | $15.20M | $25.10M | $114.80M |
| Income tax | $300000.00 | $5.20M | $200000.00 | $4.80M | $700000.00 | $6.10M | $-36.50M | $-360.50M | $100.80M | $57.50M | — |
| Effective tax rate | -0.1% | -2.5% | -0.2% | -1.0% | -1.3% | -2.4% | -12.2% | -187.1% | 18.2% | 11.3% | 0.0% |
| Net income | $-325.90M | $-210.20M | $-111.70M | $-484.90M | $-52.70M | $-256.30M | $335.80M | $553.20M | $453.60M | $452.30M | $508.40M |
| Net income growth (YoY) | — | +35.5% | +46.9% | -334.1% | +89.1% | -386.3% | +231.0% | +64.7% | -18.0% | -0.3% | +12.4% |
| Profit margin | -54.0% | -24.9% | -10.1% | -34.8% | -3.2% | -13.4% | 15.6% | 23.8% | 18.1% | 17.7% | 20.2% |