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
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Dropbox, Inc. (DBX) 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 | Free account |
Against its own ten years
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)
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