DBX on Nasdaq

Dropbox Inc.

American company.1

Price unavailable

Last updated Oct 16, 2026.

Overview

$2.5BRevenue, fiscal 20253
$508.4MNet income, fiscal 20253
2007Founded1

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  • TickerDBX on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersSan Francisco1
  • Websitewww.dropbox.com
  • Incorporated inNV4
  • Business address50 Hawthorne St., San Francisco, Ca 941054
  • Filer categoryLarge accelerated filer4

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Dropbox Inc. image from its website
Image: dropbox.com5

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

80.1%Gross margin3
27.3%Operating margin3
20.2%Net margin3
-1.1%Revenue growth, 20253
$930.8MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 56% of the revenue Dropbox Inc. broke down this way in fiscal 2025.

  1. United States$1.4B356%down 2% from 2024
  2. Outside the United States$1.1B344%down 0% from 2024
Regions by year
Regions202320242025
United States$1.4B$1.4B$1.4B
Outside the United States$1.1B$1.1B$1.1B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue20¢$500.8M
  • Research and development29¢$732.0M
  • Other costs27¢$670.6M
  • Income tax4¢$109.2M
  • Profit20¢$508.4M

Out of $2.5B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$21.0M
  • Share buybacks99¢$1.7B

Out of $951.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3

Financial statements

Revenue6789103$2.5B in 2025+81% since 2018
0$1.0B$2.0B$3.0B2018: $1.4B$1.4B20182019: $1.7B$1.7B2019+19%2020: $1.9B$1.9B2020+15%2021: $2.2B$2.2B2021+13%2022: $2.3B$2.3B2022+8%2023: $2.5B$2.5B2023+8%2024: $2.5B$2.5B2024+2%2025: $2.5B$2.5B2025−1%
Gross profit6789103$2.0B in 2025+103% since 2018
0$1.0B$2.0B$3.0B2018: $997.0M$997.0M20182019: $1.3B$1.3B2019+25%2020: $1.5B$1.5B2020+20%2021: $1.7B$1.7B2021+14%2022: $1.9B$1.9B2022+10%2023: $2.0B$2.0B2023+8%2024: $2.1B$2.1B2024+4%2025: $2.0B$2.0B2025−4%
Operating income6789103$689.1M in 2025
-$500.0M0$500.0M$1.0B2018: -$494.0M-$494.0M20182019: -$80.5M-$80.5M2019−84%2020: -$277.0M-$277.0M2020+244%2021: $274.4M$274.4M20212022: $181.3M$181.3M2022−34%2023: $538.7M$538.7M2023+197%2024: $486.2M$486.2M2024−10%2025: $689.1M$689.1M2025+42%
Net income6789103$508.4M in 2025
-$500.0M0$500.0M$1.0B2018: -$484.9M-$484.9M20182019: -$52.7M-$52.7M2019−89%2020: -$256.3M-$256.3M2020+386%2021: $335.8M$335.8M20212022: $553.2M$553.2M2022+65%2023: $453.6M$453.6M2023−18%2024: $452.3M$452.3M2024−0%2025: $508.4M$508.4M2025+12%

Every line of the income statement in the latest annual report, as filed.3

Period ending2025-12-312024-12-312023-12-31
Revenue$2.5B$2.5B$2.5B
Cost of revenue$500.8M$445.1M$478.5M
Gross profit$2.0B$2.1B$2.0B
Research and development$732.0M$914.9M$936.5M
Sales and marketing$369.9M$460.7M$466.0M
General and administrative$230.5M$241.2M$237.1M
Net (gain) loss on real estate assets-$1.3M$100.0K-$155.2M
Total operating expenses$1.3B$1.6B$1.5B
Income from operations$689.1M$486.2M$538.7M
Interest (expense) income, net-$78.6M$13.9M$19.4M
Other income (loss), net$7.1M$9.7M-$3.7M
Income before income taxes$617.6M$509.8M$554.4M
Provision for income taxes-$109.2M-$57.5M-$100.8M
Net income$508.4M$452.3M$453.6M
Basic net income per share (in dollars per share)$1.89$1.42$1.33
Diluted net income per share (in dollars per share)$1.86$1.40$1.31
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)268.3M shares318.2M shares341.2M shares
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)272.8M shares323.4M shares345.6M shares
Allocated share-based compensation expense (reversal)$300.8M$346.5M$338.0M

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The story

Founded by Arash Ferdowsi and Drew Houston in 2007.1

Leadership

Who has led Dropbox Inc., and when. Pick a name to see everywhere that person has worked.

Products and brands

  • software

Listed on Wikidata.1

Subsidiaries and ownership

Also owns

From Wikidata.1

Employees over time

  • 20161,2001

Former names

  • Evenflow, Inc.Jul 7, 2009 to Jul 7, 20094

Timeline

  1. 2018Went public Listed on NASDAQ1
  2. 2007Founded Founded1

Recent filings

  1. Oct 13, 2026144
  2. Oct 5, 20264
  3. Oct 2, 20264
  4. Oct 1, 2026144
  5. Sep 30, 2026144
  6. Sep 17, 20264
  7. Sep 15, 2026144
  8. Sep 15, 20264
  9. Sep 14, 20264
  10. Sep 14, 20264
  11. Sep 11, 2026144
  12. Sep 10, 2026144
  13. Sep 10, 2026144
  14. Sep 9, 20264
  15. Sep 9, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Company websiteDropbox Inc. photo
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