Saturday 17 October 2026 Export DBX’s income statement to Excel — free account

Dropbox, Inc.

Dropbox, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, down 1.07% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 6.52%, free cash flow fell 10.3% and total debt rose 35.3%, each against the same quarter a year earlier.

35.57 0.97 −2.65%

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Market cap: $8.0B
P/E: 19.5×
Fwd P/E: 15.5×
Dividend yield: —
F-score: 7/9
Altman Z: 0.48
Beneish M: −3.07
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	—	5	5	3	8	7	6	6	7
P/E ratio Full definition →	0.00	0.00	0.00	0.00	0.00	27.89	14.63	21.49	21.15	14.79
Altman Z-Score Full definition →	—	—	3.07	2.06	1.86	1.70	1.22	2.19	1.52	0.48
P/S ratio Full definition →	5.04	5.04	5.26	4.44	4.80	4.41	3.52	3.93	3.75	2.96
P/FCF ratio Full definition →	18.34	18.34	20.41	19.01	18.92	13.68	10.87	13.08	10.97	8.02
Altman Z″-Score (non-manufacturers) Full definition →	(5.64)	(5.40)	(3.01)	(1.28)	(3.29)	(0.95)	(1.99)	(1.15)	(1.26)	(4.77)
Beneish M-Score Full definition →	—	(3.70)	(5.09)	(2.06)	(4.06)	(3.21)	(2.60)	(2.82)	(3.15)	(3.07)
P/Operating CF Full definition →	78.47	78.47	59.23	39.46	53.86	58.52	42.10	49.06	44.71	31.69
P/B ratio Full definition →	0.00	0.00	10.82	9.12	27.54	0.00	0.00	0.00	0.00	0.00
Price to Tangible BV Full definition →	0.00	0.00	12.95	14.00	145.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	4.72	4.72	4.55	3.92	4.41	4.42	3.68	4.08	4.13	3.75
EV/EBITDA Full definition →	69.89	69.89	0.00	58.58	0.00	20.65	22.40	13.57	15.98	10.72
EV/Operating CF Full definition →	15.81	15.81	14.87	12.31	14.77	13.07	10.73	13.01	11.77	9.93
EV/FCF Full definition →	17.16	17.16	17.63	16.79	17.36	13.71	11.36	13.58	12.08	10.16
Quick Ratio Full definition →	0.58	0.62	1.33	1.18	1.07	1.50	1.17	1.19	1.37	0.59
Current Ratio Full definition →	0.65	0.70	1.45	1.23	1.13	1.57	1.25	1.26	1.44	0.63
Net Debt/EBITDA Full definition →	(52.84)	(3.42)	2.94	(7.77)	8.22	0.04	0.96	0.25	1.46	2.26
Debt/Assets Full definition →	25.65%	17.12%	9.67%	10.94%	15.06%	56.19%	54.97%	51.83%	76.93%	106.70%
Debt/Equity Full definition →	2.10	1.70	0.24	0.37	1.08	(5.91)	(5.53)	(9.33)	(3.40)	(1.69)
Asset Turnover Full definition →	1.68	1.09	1.03	0.76	0.75	0.79	0.75	0.82	0.81	0.82
Operating CF/Net income Full definition →	(1.20)	(2.96)	(0.88)	(10.03)	(2.23)	2.17	1.44	1.73	1.98	1.87
Capex/Depreciation Full definition →	(0.63)	(0.14)	(0.37)	(0.72)	(0.44)	(0.15)	(0.17)	(0.12)	(0.13)	(0.11)
Interest Coverage Full definition →	(11.80)	(10.34)	(70.57)	6.44	162.94	52.77	(54.94)	(27.77)	(34.98)	8.77
ROE Full definition →	41.85%	22.23%	(589.90%)	(7.10%)	(44.88%)	1,683.20%	(183.39%)	(190.91%)	(98.52%)	(39.88%)
ROA Full definition →	(41.86%)	(11.04%)	(35.73%)	(2.40%)	(10.08%)	12.26%	17.84%	14.89%	14.34%	16.48%
ROIC Full definition →	(436.60%)	0.00%	0.00%	0.00%	0.00%	0.00%	199.14%	1,374.23%	143.74%	215.24%
Return on Tangible Assets Full definition →	(94.64%)	(91.86%)	(70.96%)	(7.82%)	(53.57%)	33.71%	91.94%	72.66%	51.03%	(156.62%)
Average Days of Receivables Full definition →	5.70	9.66	7.50	8.06	8.28	8.39	8.45	10.02	10.08	11.45
Research and Development Expense of Revenue Full definition →	34.29%	34.36%	55.20%	39.85%	38.01%	35.03%	38.36%	37.44%	35.90%	29.04%
Selling, General and Administrative Expense of Revenue Full definition →	42.38%	42.58%	51.94%	40.25%	33.99%	30.22%	27.20%	28.11%	27.54%	23.82%
Intangible Assets out of Total Assets Full definition →	0.12	0.11	0.07	0.10	0.11	0.13	0.16	0.15	0.15	0.17
Share Based Compensation of Revenue Full definition →	17.47%	15.72%	46.71%	15.72%	13.66%	13.30%	14.22%	13.51%	13.60%	11.93%
Graham Net Nets Full definition →	(0.07)	(0.07)	0.03	(0.09)	(0.09)	(0.16)	(0.24)	(0.17)	(0.24)	(0.46)
Graham Number Full definition →	0.00	5.79	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	(2.00%)	(2.00%)	(10.64%)	(0.73%)	(2.84%)	3.59%	6.83%	4.65%	4.73%	6.76%
Free Cash Flow Yield Full definition →	5.45%	5.45%	4.90%	5.26%	5.28%	7.31%	9.20%	7.64%	9.12%	12.47%
Revenue per Share Full definition →	4.47	5.65	3.88	4.04	4.62	5.56	6.44	7.33	8.01	9.40
Operating CF per Share Full definition →	1.34	1.69	1.19	1.28	1.38	1.88	2.21	2.30	2.81	3.55
Capex per Share Full definition →	(0.65)	(0.13)	(0.18)	(0.33)	(0.19)	(0.07)	(0.10)	(0.07)	(0.07)	(0.08)
Free Cash Flow per Share Full definition →	0.68	1.55	1.00	0.95	1.18	1.81	2.11	2.22	2.74	3.47
Cash per Share Full definition →	1.87	2.20	3.04	2.82	2.71	4.43	3.72	3.97	5.01	3.87
Shareholders Equity per Share Full definition →	0.65	0.53	1.89	1.96	0.81	(0.76)	(0.86)	(0.49)	(2.36)	(6.70)
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	0.65	0.53	1.89	1.96	0.81	(0.76)	(0.86)	(0.49)	(2.36)	(6.70)
Free Cash Flow Full definition →	128.90	304.20	359.40	390.70	490.50	700.90	762.40	759.10	871.40	930.40
Working Capital Full definition →	(221.90)	(220.30)	372.70	228.40	139.70	674.00	293.30	315.10	527.60	(703.00)
Capital Expenditures Full definition →	(123.70)	(26.10)	(66.00)	(137.80)	(80.30)	(28.90)	(34.90)	(24.60)	(22.70)	(21.40)
Net Current Asset Value Full definition →	(468.00)	(398.90)	192.90	(647.60)	(825.90)	(1,535.40)	(1,929.70)	(1,632.70)	(2,339.20)	(3,451.60)
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	34.77	47.21	18.93	21.64	13.72
Capex to Sales Full definition →	0.15	0.02	0.05	0.08	0.04	0.01	0.02	0.01	0.01	0.01
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00	0.00	34.70	45.18	18.24	19.66	10.82
Other line items
Depreciation/Fixed assets Full definition →	0.44	0.55	0.58	0.43	0.54	0.58	0.65	0.69	0.48	0.51
Cash ROIC Full definition →	17.58%	43.00%	18.62%	17.27%	27.03%	22.17%	27.79%	27.74%	25.63%	40.87%
Accounts Receivable Turnover Full definition →	35.05	52.08	48.07	50.88	47.79	46.41	44.97	40.84	36.64	33.73
Accounts Payable Turnover Full definition →	16.45	15.57	12.11	11.11	13.96	20.01	13.82	12.41	11.87	16.47
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	14.48	31.56	30.79	36.14	16.46	21.12	31.72	29.37	29.93	17.71
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	24.10	21.25	28.95	32.65	40.05	46.50	51.70	61.25	69.55	74.75
Average Payables Full definition →	23.75	23.70	32.60	37.00	29.70	22.20	32.15	38.55	37.50	30.40
Average Assets Full definition →	502.10	1,012.05	1,357.00	2,196.65	2,543.20	2,739.25	3,100.70	3,046.80	3,154.35	3,085.05
Average Common Equity Full definition →	(502.25)	(502.45)	82.20	742.60	571.10	19.95	(301.65)	(237.60)	(459.10)	(1,274.80)

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Columns are period end dates

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