Dropbox, Inc.

DBX Technology Software Infrastructure

Dropbox, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, down 1.07% from fiscal 2024.

Revenue
+0.93%
EPS
−6.52%
Free cash flow
−10.3%
Total debt
+35.3%

Quarter to June 2026, against a year earlier

34.96 0.68 −1.91%
Market cap
$7.6B
P/E
19.2×
Fwd P/E
20.7×
Dividend yield
—
F-score
7/9
Altman Z
0.48
Beneish M
−3.07
Dividend safety
n/a

Dropbox, Inc. (DBX) Current ratio

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Dropbox, Inc.'s current ratio at the end of the quarter to 30 June 2026 was 1.1×, up 0.4× from fiscal 2025 (0.6×). Over the past ten years it has ranged from 0.6× (fiscal 2025) to 1.6× (fiscal 2021) — the current reading is the lowest in ten years. That is below the Software Infrastructure industry median of 1.5× and below the Technology sector median of 1.9×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 0.6× (56.21%)
FY2024 1.4× 13.74%
FY2023 1.3× 1.38%
FY2022 1.2× (20.86%)
FY2021 1.6× 39.42%
FY2020 1.1× (7.89%)
FY2019 1.2× (15.22%)
FY2018 1.4× 105.93%
FY2017 0.7× 7.84%
FY2016 0.7× —

Quarterly newest first

Period Current ratio Change
Jun 2026 1.1× (12.81%)
Mar 2026 1.2× 95.94%
Dec 2025 0.6× 10.51%
Sep 2025 0.6× (5.21%)
32 more quarters

Against its own ten years

Low 0.6× High 1.6×
Ten-year median 1.2×
Current reading's percentile 10

Current ratio against peers

Company Current ratio
GTLB GitLab Inc. compare 2.4×
PATH UiPath, Inc. compare 2.4×
ZETA Zeta Global Holdings Corp. compare 2.4×
NTSK Netskope Inc. compare 2.0×
S SentinelOne, Inc. compare 1.4×
QLYS Qualys, Inc. compare 1.4×
DBX Dropbox, Inc. 1.1×
PAYP PayPay Corporation compare 1.0×
DOX Amdocs Limited compare 0.9×
Software Infrastructure industry median 1.5×
Technology sector median 1.9×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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