DBX logo
Dropbox Inc.
DBX
36.48 (-3.00%) 1.09
Market cap
$7.93(B)
Earnings date
Nov-05-2026
Category
Sector
Information Technology
Industry
Software
Dropbox Inc. provides a content collaboration platform in the United States and internationally. The company’s platform enables individuals families teams and organizations to collaborate for free through its website or app or through a paid subscription plan for premium features. Its platform consists of various elements such as unified home for content global sharing network and product experiences and integrations. The company serves customers in the professional services technology media education industrial consumer and retail and financial services industries. The company was formerly known as Evenflow Inc. and changed its name to Dropbox Inc. in October 2009. Dropbox Inc. was incorporated in 2007 and is headquartered in San Francisco California.
EV: $8.53(B)
Total Equity: $-2.19(B)
Debt/Equity: 12187
Dividend/share: $0.0
Div. yield: 0.00%
P/E: 20.04
Forward P/E: 11.88
P/FCF: 8.37
P/S: 3.50
P/B: N/A
EPS: $1.8
EPS (fwd): $3.1
FCF/share: $4.4
Revenue/share: $10.4
Book value/share: $-10.0
ROIC: 35.5%
ROA: 18.7%
ROE:
Margins: Gross | Op. | Net
79.7% | 24.4% | 17.5%
0.0%of Portfolio
My holdings
Day change
Total change
PEvaluation
24%
$45.2
Valuation summary
Min
Max
Average
Median
Valuation comparison
Current price$36.5
Quality checklist score
6/8
Based on your selected metrics.
5Y Shares Out Change < 0% ROIC > 10% Current Ratio > 1 Net Margin > 10% Past Net Income CAGR > 0% Est. EPS Growth > 5%
Debt/Equity < 1 Quick Ratio > 1

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$2.53(B)
Gross profit$2.02(B)
EBITDA$830.10(M)
Net income$442.80(M)
Gross margin79.7%
Operating margin24.4%
Net margin17.5%
Shares outstanding217.44(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsEquityCurrent liabilitiesLong term debtOther LT liabilities
Total assets$2.83(B)
Current assets$1.27(B)
Total liabilities$5.01(B)
Current liabilities$1.18(B)
Cash & Short-term inv.$1.11(B)
Long-term debt$3.27(B)
Total intangibles$479.30(M)
PP&E$599.60(M)

Cash flow (TTM)

CFOCFICFF
FCF$957.10(M)
CapEx$-23.40(M)
Dividends paid$0
Stock issued$0
Stock repurchased$-1.64(B)
Stock-based comp.$304.40(M)
Debt issued$1.70(B)
Debt repaid$-854.90(M)

Per share data (TTM)

Price
Price
$36.5
Income
Revenue
$10.43.5x|28.6%
Gross profit
$9.283.9x|25.4%
Earnings (EPS)
$1.8220.0x|5.0%
Cash flow
FCF
$4.368.4x|12.0%
Stock-based comp.
$1.4026.1x|3.8%
CapEx
$0.11339.0x|0.3%
Dividend
$0.00|0.0%
Balance sheet
Total assets
$13.02.8x|35.6%
Total liabilities
$23.11.6x|63.2%
Book value
-$9.96-3.7x|-27.3%
Cash & ST inv.
$5.127.1x|14.0%
Debt
$15.12.4x|41.3%
Forward earnings
EPS FY+1
$3.0711.9x|8.4%
EPS FY+2
$3.3211.0x|9.1%
EPS FY+3
$3.939.3x|10.8%
Forward FCF
FCF FY+1
$4.228.7x|11.6%
FCF FY+2
$4.558.0x|12.5%

Summary

DBX Valuation & Price Targets

Favorite Valuation Methods

PEvaluation
Analyst targets
DCF (2-stage)

More Valuation Methods

DCF (simple)
DCF (exit mult.)
DDM
EPS growth
Revenue growth
Peter Lynch FV
Graham No.

PEvaluation

CURRENT PRICE
$36
24% Undervalued
BEAR
BASE
BULL
Fair P/E
Margin of safety
EPS
Market Model
ROICRevenue growthFCF MarginShares outstan...Debt/EquityDebt/EBITDA
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+12.93.13.27
FY+23.03.33.57
FY+33.83.94.02

Analyst Price Targets

CURRENT PRICE
$36
10% Overvalued
BEAR
BASE
BULL

Analyst Recommendations

Strong Buy1
Buy0
Hold4
Sell1
Strong Sell1

2-stage DCF

First Stage Duration: 5 Years
Starting Free Cash Flow
First Stage Growth Rate
Low
Mid
High
Terminal Growth Rate
Low
Mid
High
Discount Rate

Discounted Cash Flow

Forecast years: 5 Years
Terminal Growth Rate
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years: 5 Years
Exit FCF Multiple
Low
Mid
High
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Dividend Discount Model

Annual Dividend
First Stage Length (Years): 0 Years
First Stage Growth Rate
Low
Mid
High
Final Growth Rate
Low
Mid
High
Discount Rate

EPS Growth

Forecast years: 5 Years
Starting EPS
EPS Growth Rate
Low
Mid
High
Final P/E
Low
Mid
High
Discount Rate

Revenue Growth Valuation

Forecast Years: 10 Years
Base Revenue
Revenue Growth Rate
Low
Mid
High
Final Net Margin
Low
Mid
High
Final P/E Ratio
Low
Mid
High
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate
Low
Mid
High

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Low
Mid
High
Government Bond Rate

Growth Estimates

Revenue

CAGR-0.2%
TTMFY+1FY+2FY+3
TTM
$2.53(B)
FY+1
6
1%
$2.52(B)
FY+2
6
0%
$2.51(B)
FY+3
2
0%
$2.51(B)

Net Income

CAGR18.1%
TTMFY+1FY+2FY+3
TTM
$442.80(M)
FY+1
6
58%
$701.14(M)
FY+2
6
0%
$697.89(M)
FY+3
2
4%
$728.55(M)

EPS

CAGR29.3%
TTMFY+1FY+2FY+3
TTM
$1.82
FY+1
7
69%
$3.07
FY+2
7
8%
$3.32
FY+3
2
18%
$3.93

FCF per share

CAGR2.2%
TTMFY+1FY+2
TTM
$4.36
FY+1
3
3%
$4.22
FY+2
3
8%
$4.55

Historical Financials (in USD)

Income(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.0500.0(M)1.0(B)1.5(B)2.0(B)2.5(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomeOther Non-operating IncomePre-tax incomeIncome tax
Cash flow(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.0200.0(M)400.0(M)600.0(M)800.0(M)
Stock-based Comp. FCFCFONet IncomeD&AChange in Working CapitalCFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.01.0(B)2.0(B)3.0(B)4.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesShort-Term DebtAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.00.51.01.52.02.53.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.05.010.015.020.0
P/E P/S EV/EarningsP/FCFP/BDebt/EquityPayout ratio
Margins(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0%20%40%60%80%
Net Income Margin Operating Margin Gross MarginEBITDA Margin
Returns(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0%5%10%15%20%25%30%35%
ROIC ROAROCEROE
Shares outstanding(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.0100.0(M)200.0(M)300.0(M)400.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.(show more...)
Q3'20 (TTM)Q3'21 (TTM)Q3'22 (TTM)Q3'23 (TTM)Q3'24 (TTM)Q3'25 (TTM)0.02.0(B)4.0(B)6.0(B)8.0(B)10.0(B)
Market Cap.

DBX vs Peers

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 8.68%
Institutions: 130.58%

Institutional ownership

12.25% Blackrock Inc.7.65% LSV Asset Management7.03% Vanguard Portfolio Man...5.21% Arrowstreet Capital, L...4.79% Renaissance Technologi...4.34% Vanguard Capital Manag...4.03% Acadian Asset Manageme...3.67% Morgan Stanley3.55% State Street Corporati...3.11% Geode Capital Manageme...74.95% Others

Trading Summary

In the past year, insiders have sold a net of $30.95(M).

Total insider buys: $0.00
Total insider sells: $30.95(M)

In the past year, Congress members have had a net of $0.

Total congressional buys (avg): $0.00
Total congressional sells (avg): $0.00

Based on the reported ranges: buys $0.00–$0.00, sells $0.00–$0.00.

Insider transactions

$0.002026-10$0.00
$5906312026-09$0.00
$1.04(M)2026-08$0.00
$6040982026-07$0.00
$7391032026-06$0.00
$2.65(M)2026-05$0.00
$2.62(M)2026-04$0.00
$3.45(M)2026-03$0.00
$4.44(M)2026-02$0.00
$4.21(M)2026-01$0.00
$3.13(M)2025-12$0.00
$4.02(M)2025-11$0.00
$3.34(M)2025-10$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2026-09-044,598159,92934.8CAMPBELL LISA MDirector
Sell2026-09-0412,382430,70234.8YOON WILLIAM TOfficer
Grant2026-09-0128,94500.0YOON WILLIAM TOfficer
Grant2026-09-0121,70900.0SCHUBACH SARAH ELIZABETHOfficer
Grant2026-09-0128,94500.0TENNENBAUM ROSS JChief Financial Officer
Sell2026-08-311,63157,90035.5SCHUBACH SARAH ELIZABETHOfficer
Sell2026-08-201,63155,47034.0SCHUBACH SARAH ELIZABETHOfficer
Sell2026-08-1815,830539,69434.1WEBSTER ERIC TOfficer
Sell2026-08-1811,332386,73234.1DASDAN ALIChief Technology Officer
Sell2026-07-311,63251,58831.6SCHUBACH SARAH ELIZABETHOfficer
Sell2026-07-292,00066,00033.0PEACOCK KARENDirector
Sell2026-07-151,30639,35030.1SCHUBACH SARAH ELIZABETHOfficer
Sell2026-07-1412,972389,16030.0DASDAN ALIChief Technology Officer
Sell2026-07-072,00058,00029.0PEACOCK KARENDirector
Sell2026-06-301,30535,37927.1SCHUBACH SARAH ELIZABETHOfficer
Sell2026-06-151,30635,13126.9SCHUBACH SARAH ELIZABETHOfficer
Sell2026-06-0222,700632,49727.9ALKARMI ASHRAFChief Executive Officer
Sell2026-06-011,30536,09627.7SCHUBACH SARAH ELIZABETHOfficer
Grant2026-06-01478,55100.0ALKARMI ASHRAFChief Executive Officer
Grant2026-05-219,07100.0MOORE ANDREW WILLIAMDirector
Grant2026-05-219,07100.0PEACOCK KARENDirector
Grant2026-05-219,07100.0SEIBEL MICHAELDirector
Grant2026-05-219,07100.0JENSON WARREN CDirector
Grant2026-05-219,07100.0PARASNIS ABHAYDirector
Grant2026-05-219,07100.0CAMPBELL LISA MDirector
Sell2026-05-191,30636,75128.1SCHUBACH SARAH ELIZABETHOfficer
Sell2026-05-185,666156,15627.6DASDAN ALIChief Technology Officer
Sell2026-05-188,443232,78327.6MOORE ANDREW WILLIAMDirector
Sell2026-05-187,230199,33827.6YOON WILLIAM TOfficer
Sell2026-05-1830,332834,13027.5HOUSTON ANDREW WChief Executive Officer
Sell2026-05-154,222111,92426.5CAMPBELL LISA MDirector
Sell2026-05-154,000106,01926.5PEACOCK KARENDirector
Sell2026-05-1437,498973,54926.0HOUSTON ANDREW WChief Executive Officer
Sell2026-04-301,76942,36824.0SCHUBACH SARAH ELIZABETHOfficer
Sell2026-04-151,41532,53123.0SCHUBACH SARAH ELIZABETHOfficer
Sell2026-04-01111,1662,544,60122.9HOUSTON ANDREW WChief Executive Officer
Grant2026-04-0140,15200.0DASDAN ALIChief Technology Officer
Grant2026-04-01200,76200.0YOON WILLIAM TOfficer
Grant2026-04-01231,68000.0ALKARMI ASHRAFOfficer
Grant2026-04-0157,21700.0SCHUBACH SARAH ELIZABETHOfficer
Sell2026-03-311,41632,00222.6SCHUBACH SARAH ELIZABETHOfficer
Sell2026-03-161,41536,45025.8SCHUBACH SARAH ELIZABETHOfficer
Sell2026-03-119,175237,89725.9YOON WILLIAM TOfficer
Sell2026-03-112,00053,00026.5PEACOCK KARENDirector
Sell2026-03-0312,472324,27226.0ALKARMI ASHRAFOfficer
Sell2026-03-021,41535,03524.8SCHUBACH SARAH ELIZABETHOfficer
Sell2026-03-02109,4982,731,36224.9HOUSTON ANDREW WChief Executive Officer
Sell2026-02-267,306181,85624.9DASDAN ALIChief Technology Officer
Sell2026-02-181,41634,67824.5SCHUBACH SARAH ELIZABETHOfficer
Sell2026-02-02164,5024,221,08825.7HOUSTON ANDREW WChief Executive Officer
Sell2026-01-301,46237,70525.8SCHUBACH SARAH ELIZABETHOfficer
Sell2026-01-151,16831,34926.8SCHUBACH SARAH ELIZABETHOfficer
Sell2026-01-1260,0001,651,45627.5HOUSTON ANDREW WChief Executive Officer
Sell2026-01-0292,6682,493,37126.9HOUSTON ANDREW WChief Executive Officer
Grant2025-12-31814,42600.0TENNENBAUM ROSS JChief Financial Officer
Sell2025-12-291,16832,56427.9SCHUBACH SARAH ELIZABETHOfficer
Sell2025-12-151,16833,11328.4SCHUBACH SARAH ELIZABETHOfficer
Sell2025-12-151,50042,52528.4REGAN TIMOTHYChief Financial Officer
Sell2025-12-039,167275,01030.0HOUSTON ANDREW WChief Executive Officer
Sell2025-12-011,16834,57329.6SCHUBACH SARAH ELIZABETHOfficer
Sell2025-12-0192,0002,716,91629.5HOUSTON ANDREW WChief Executive Officer
Sell2025-11-281,50044,46029.6REGAN TIMOTHYChief Financial Officer
Sell2025-11-245,666169,98030.0DASDAN ALIChief Technology Officer
Sell2025-11-201,16834,37429.4SCHUBACH SARAH ELIZABETHOfficer
Sell2025-11-185,666165,41729.2DASDAN ALIChief Technology Officer
Sell2025-11-187,142208,45629.2YOON WILLIAM TOfficer
Sell2025-11-1810,098294,67729.2ALKARMI ASHRAFOfficer
Sell2025-11-14101,1673,058,26830.2HOUSTON ANDREW WChief Executive Officer
Sell2025-11-141,50045,37430.2REGAN TIMOTHYChief Financial Officer
Sell2025-10-301,06630,27428.4SCHUBACH SARAH ELIZABETHOfficer
Sell2025-10-301,50042,60028.4REGAN TIMOTHYChief Financial Officer
Sell2025-10-151,06630,50928.6SCHUBACH SARAH ELIZABETHOfficer
Sell2025-10-151,50042,93028.6REGAN TIMOTHYChief Financial Officer
Sell2025-10-01101,1672,998,87629.6HOUSTON ANDREW WChief Executive Officer
Sell2025-10-016,500194,86430.0REGAN TIMOTHYChief Financial Officer
Sell2025-09-301,06632,73730.7SCHUBACH SARAH ELIZABETHOfficer
Sell2025-09-151,06632,90730.9SCHUBACH SARAH ELIZABETHOfficer
Sell2025-09-151,50046,30530.9REGAN TIMOTHYChief Financial Officer

Congressional trading

$0.002026-10$0.00
$0.002026-09$0.00
$0.002026-08$0.00
$0.002026-07$0.00
$0.002026-06$0.00
$0.002026-05$0.00
$0.002026-04$0.00
$0.002026-03$0.00
$0.002026-02$0.00
$0.002026-01$0.00
$0.002025-12$0.00
$0.002025-11$0.00
$0.002025-10$0.00
DatePoliticianPartyChamberAmount ($)

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