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) Debt to equity

Alert me on Debt to equity

Dropbox, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was −1.6×, up 0.1× from fiscal 2025 (−1.7×). Over the past ten years it has ranged from −9.3× (fiscal 2023) to 2.1× (fiscal 2016); the current reading is higher than 45% of that period. That is below the Software Infrastructure industry median of 0.0× and below the Technology sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 −1.7× —
FY2024 −3.4× —
FY2023 −9.3× —
FY2022 −5.5× —
FY2021 −5.9× —
FY2020 1.1× 194.99%
FY2019 0.4× 50.78%
FY2018 0.2× (85.73%)
FY2017 1.7× (19.11%)
FY2016 2.1× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 −1.6× —
Mar 2026 −1.7× —
Dec 2025 −1.7× —
Sep 2025 −1.8× —
36 more quarters

Against its own ten years

Low −9.3× High 2.1×
Ten-year median 0.0×
Current reading's percentile 45

Debt to equity against peers

Company Debt to equity
DBX Dropbox, Inc. −1.6×
QLYS Qualys, Inc. compare 0.0×
S SentinelOne, Inc. compare 0.0×
PATH UiPath, Inc. compare 0.0×
GTLB GitLab Inc. compare 0.0×
ZETA Zeta Global Holdings Corp. compare 0.2×
DOX Amdocs Limited compare 0.3×
PAYP PayPay Corporation compare 1.7×
NTSK Netskope Inc. compare 4.5×
Software Infrastructure industry median 0.0×
Technology sector median 0.0×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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