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. 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.
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Dropbox, Inc. (DBX) EV/Sales
As of 16 October 2026, Dropbox, Inc. (DBX) trades at a EV/Sales of 4.1×. Over the past ten years it has ranged from 2.9× (April 2026) to 10.3× (August 2018); the current reading is higher than 53% of that period. That is above the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.7×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 3.8× | (9.17%) |
| FY2024 | 4.1× | 1.31% |
| FY2023 | 4.1× | 10.73% |
| FY2022 | 3.7× | (16.74%) |
| FY2021 | 4.4× | 0.36% |
| FY2020 | 4.4× | 12.46% |
| FY2019 | 3.9× | (13.83%) |
| FY2018 | 4.5× | (3.63%) |
| FY2017 | 4.7× | 0.00% |
| FY2016 | 4.7× | 0.00% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 3.4× | 12.75% |
| Mar 2026 | 3.0× | (20.44%) |
| Dec 2025 | 3.8× | (1.89%) |
| Sep 2025 | 3.8× | 3.12% |
| 34 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| DOX Amdocs Limited compare | 1.5× |
| WEX WEX Inc. compare | 1.7× |
| PATH UiPath, Inc. compare | 3.1× |
| DBX Dropbox, Inc. | 4.1× |
| ZETA Zeta Global Holdings Corp. compare | 4.9× |
| S SentinelOne, Inc. compare | 6.1× |
| GTLB GitLab Inc. compare | 7.2× |
| QLYS Qualys, Inc. compare | 8.4× |
| NTSK Netskope Inc. compare | 9.1× |
| Software Infrastructure industry median | 2.9× |
| Technology sector median | 2.7× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)