Company profile · free preview
Dropbox
DBX · Updated 11/13/2026
Revenue
$2.5B
Fiscal 2025
Net income
$508.4M
Fiscal 2025
Free cash flow
$930.8M
Fiscal 2025
Net cash / (debt)
—
Fiscal 2025
Five-year financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.5B | $2.3B | $2.2B |
| Net income | $508.4M | $452.3M | $453.6M | $553.2M | $335.8M |
| Diluted EPS | — | — | — | — | — |
| Operating cash flow | $951.8M | $894.1M | $783.7M | $797.3M | $729.8M |
| Free cash flow | $930.8M | $871.6M | $759.4M | $763.5M | $707.7M |
| Cash | $891.3M | $1.3B | $614.9M | $232.8M | $533.0M |
| Total debt | — | — | — | — | — |
Financial trends
Historical · FY2021–FY2025
Source: Reported annual filings (10-K / 20-F) and provider data. Fiscal years as reported; margins are calculated from the reported figures shown.
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Create free accountWhere the cash went
Cumulative, fiscal 2021–2025, straight from the reported cash-flow statements.
Reinvested in capex
3.0%
of operating cash flow
Returned to owners
—
of free cash flow (buybacks + dividends)
Diluted share count
—
change 2021–2025
| Operating cash flow | $4.2B |
| Capital expenditure | ($123.7M) |
| Free cash flow | $4.0B |
| Share buybacks | — |
| Dividends paid | — |
| Acquisitions (net) | — |
| Net debt issued / (repaid) | — |
| Stock-based compensation (non-cash) | — |
"—" means a year didn't report that line, so no total is shown rather than an estimate.
Dropbox return on capital (fiscal 2025)
ROIC
27.3%
Return on capital
28.4%
Return on equity
—
Return on assets
16.5%
Gross margin
80.1%
Operating margin
27.3%
Net debt / EBITDA
2.29x
Dropbox insider buying and selling
Recent open-market trades reported on Form 4. Context only — not a reason to buy or sell.
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-11-02 | Houston Andrew | Sale | 383,800 | $35.81 |
| 2026-10-30 | Schubach Sarah Elizabeth | Sale | 2,055 | $36.44 |
| 2026-10-12 | Houston Andrew | Sale | 29,500 | $35.09 |
| 2026-10-01 | Houston Andrew | Sale | 354,300 | $34.01 |
SEC filings
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