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Wednesday 4 November 2026 Export DBX’s income statement to Excel — free account

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Dropbox, Inc. (DBX) EV/EBITDA

Alert me on EV/EBITDA

As of 3 November 2026, Dropbox, Inc. (DBX) trades at a EV/EBITDA of 11.8×. Over the past ten years it has ranged from 0.0× (September 2021) to 293× (November 2021); the current reading is higher than 40% of that period. That is below the Software Infrastructure industry median of 15.0× and below the Technology sector median of 15.3×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 10.7× (32.95%)
FY2024 16.0× 17.79%
FY2023 13.6× (39.42%)
FY2022 22.4× 8.44%
FY2021 20.7× —
FY2020 0.0× —
FY2019 58.6× —
FY2018 0.0× —
FY2017 69.9× 0.00%
FY2016 69.9× 0.00%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 9.8× 13.68%
Mar 2026 8.6× (19.35%)
Dec 2025 10.7× (10.64%)
Sep 2025 12.0× (3.57%)
34 more quarters

Against its own ten years

Low 0.0× High 293×
Ten-year median 14.2×
Current reading's percentile 40

EV/EBITDA against peers

Company EV/EBITDA
NTSK Netskope Inc. compare n/m
S SentinelOne, Inc. compare n/m
PAYP PayPay Corporation compare n/m
GTLB GitLab Inc. compare n/m
DOX Amdocs Limited compare 8.7×
DBX Dropbox, Inc. 11.8×
PATH UiPath, Inc. compare 19.0×
QLYS Qualys, Inc. compare 27.6×
ZETA Zeta Global Holdings Corp. compare 69.5×
Software Infrastructure industry median 15.0×
Technology sector median 15.3×
Market median 11.2×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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