DBX · XBRL financial data
Dropbox financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (DBX's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue from contracts with customers | 1,914 | 2,158 | 2,325 | 2,502 | 2,548 | 2,521 |
| Cost of goods and services sold | 415 | 444 | 444 | 479 | 445 | 501 |
| Gross profit | 1,499 | 1,714 | 1,881 | 2,023 | 2,103 | 2,020 |
| Research and development | 728 | 756 | 892 | 937 | 915 | 732 |
| General and administrative | 228 | 225 | 223 | 237 | 241 | 231 |
| Total operating expenses | 1,776 | 1,439 | 1,699 | 1,484 | 1,617 | 1,331 |
| Operating income (loss) | (277) | 274 | 181 | 539 | 486 | 689 |
| Other income (expense) | 25 | 30 | 8 | (4) | 10 | 7 |
| Income tax expense (benefit) | 6 | (37) | (361) | 101 | 58 | 109 |
| Net income (loss) | (256) | 336 | 553 | 454 | 452 | 508 |
| Earnings per share, basic USD per share | (0.62) | 0.87 | 1.53 | 1.33 | 1.42 | 1.89 |
| Earnings per share, diluted USD per share | (0.62) | 0.85 | 1.52 | 1.31 | 1.40 | 1.86 |
| Weighted average shares, basic millions of shares | 414 | 388 | 361 | 341 | 318 | 268 |
| Weighted average shares, diluted millions of shares | 414 | 396 | 363 | 346 | 323 | 273 |
Balance sheet
CSVFiscal years (DBX's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 315 | 533 | 233 | 615 | 1,328 | 891 |
| Marketable securities | 806 | 1,185 | 1,111 | 741 | 266 | 147 |
| Accounts receivable | 43 | 50 | 54 | 69 | 70 | 79 |
| Prepaid and other current assets | 63 | 82 | 93 | 92 | 74 | 73 |
| Total current assets | 1,228 | 1,850 | 1,490 | 1,517 | 1,738 | 1,191 |
| Property and equipment, net | 339 | 322 | 308 | 309 | 359 | 378 |
| Right-of-use asset | 471 | 414 | 261 | 184 | 159 | 271 |
| Goodwill | 237 | 357 | 403 | 402 | 443 | 455 |
| Total assets | 2,387 | 3,091 | 3,110 | 2,984 | 3,325 | 2,845 |
| Accounts payable | 19 | 26 | 39 | 39 | 37 | 24 |
| Total current liabilities | 1,088 | 1,176 | 1,197 | 1,202 | 1,211 | 1,894 |
| Lease liability, non-current | 760 | 632 | 585 | 311 | 250 | 356 |
| Total liabilities | 2,053 | 3,385 | 3,420 | 3,149 | 4,078 | 4,642 |
| Accumulated deficit | (2,241) | (2,739) | (2,772) | (2,742) | (3,147) | (3,815) |
| Total stockholders' equity | 334 | (294) | (309) | (166) | (752) | (1,797) |
| Total liabilities and equity | 2,387 | 3,091 | 3,110 | 2,984 | 3,325 | 2,845 |
Cash flows
CSVFiscal years (DBX's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (256) | 336 | 553 | 454 | 452 | 508 |
| Stock-based compensation | 262 | 287 | 331 | 338 | 347 | 301 |
| Net cash from operating activities | 571 | 730 | 797 | 784 | 894 | 952 |
| Purchases of property and equipment | 80 | 22 | 34 | 24 | 23 | 21 |
| Net cash from investing activities | (234) | (525) | (49) | 395 | 444 | 112 |
| Proceeds from issuing common stock | 2 | 7 | 1 | 3 | 1 | 0 |
| Share repurchases | 398 | 1,059 | 795 | 540 | 1,242 | 1,714 |
| Net cash from financing activities | (578) | 16 | (1,042) | (799) | (587) | (1,531) |
| Net change in cash | (236) | 218 | (300) | 382 | 746 | (455) |
Compare with peers
SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Dropbox | 1,056 | 632 | 239* | not reported | 10-QJun 30, 2026 |
| Freshworks | 467 | 245 | 78* | not reported | 10-QSep 30, 2026 |
| Blackline | 243 | 188 | 45* | 58.1M | 10-QJun 30, 2026 |
| AvePoint | 417 | 124 | 16* | 211.6M | 10-QJun 30, 2026 |
| ZoomInfo Technologies | 148 | 310 | 87* | 291.1M | 10-QJun 30, 2026 |
| Aci Worldwide | 167 | 430 | 71* | 101.0M | 10-QJun 30, 2026 |
| Workiva | 252 | 255 | 78 | not reported | 10-QJun 30, 2026 |
| People | 1,319 | 431 | 50* | not reported | 10-QSep 30, 2026 |
| Braze | 167 | 227 | 24* | 113.6M | 10-QJul 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.