profit from every $100 of sales.
$0$100
Dropbox
$33.53+0.06% today
+10.3% in 1 year
1-year low $22.061-year high $37.83
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
You pay $14.20 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Dropbox sold, what it kept, and what it did with the cash.
Sales went from $2.32 billion in 2022 to $2.52 billion in 2025, with $508 million of profit last year.
SalesProfit
Dropbox handed back more cash to shareholders than it generated last year.
Buybacks $1.7B
Free cash flow 2025$930M
Bought back its own shares$1.7B
Paid as dividends–
Cash vs. debt$891M vs. $3.6B
Dropbox vs. similar companies
Dropbox grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Dropbox | 14.2× · Cheap | ||
 Microsoft | 29.1× · Fair price | ||
 Palantir Technologies | 249.1× · Very expensive | ||
 Oracle | 22.9× · Fair price | ||
 Palo Alto Networks | 232.6× · Very expensive |
AI analysis
An AI analyst reads Dropbox's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 1,914 | 2,158 | 2,325 | 2,502 | 2,548 | 2,521 | |
| 1,499 | 1,714 | 1,881 | 2,023 | 2,103 | 2,020 | |
| -277 | 274 | 357 | 384 | 486 | 688 | |
| -118 | 426 | 514 | 554 | 624 | 854 | |
| -256 | 336 | 553 | 454 | 452 | 508 | |
| -0.62 | 0.85 | 1.52 | 1.31 | 1.40 | 1.86 | |
| 78.3% | 79.4% | 80.9% | 80.9% | 82.5% | 80.1% | |
| -14.5% | 12.7% | 15.3% | 15.3% | 19.1% | 27.3% | |
| -13.4% | 15.6% | 23.8% | 18.1% | 17.7% | 20.2% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 2,387 | 3,091 | 3,110 | 2,984 | 3,325 | 2,845 |
| Cash | 315 | 533 | 233 | 615 | 1,328 | 891 |
| Total debt | – | – | 2,295 | 2,031 | 2,997 | 3,587 |
| Total liabilities | 2,053 | 3,385 | 3,420 | 3,149 | 4,078 | 4,642 |
| 334 | -294 | -309 | -166 | -752 | -1,797 | |
| 414 | 396 | 363 | 346 | 323 | 273 | |
| -65.6% | – | 14.2% | 16.2% | 17.1% | 30.7% | |
| -76.8% | -114.3% | -178.8% | -273.6% | -60.1% | -28.3% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 571 | 730 | 797 | 784 | 894 | 952 | |
| 80 | 22 | 35 | 25 | 23 | 21 | |
| 491 | 708 | 762 | 759 | 871 | 930 | |
| Dividends paid | – | – | – | – | – | – |
| 398 | 1,059 | 795 | 540 | 1,242 | 1,714 | |
| 262 | 287 | 331 | 338 | 347 | 301 |
Valuation
- 14.2×
- 11.2×
- –
- -4.3×
- 2.9×
- 7.8×
- 11.6×
- 12.9%
- 7.0%
- 0.0%
Profitability
- 80.1%
- 27.3%
- 20.2%
- 34.0%
- 31.5%
- 20.1%
- -28.4%
- 15.6%
- 36.5%
- 29.2%
Growth
- +5.7%
- –
- +6.8%
- –
- −9.1%
Financial health
- 3.2×
- -2.00
- 47.0%
- 8.9×
- 0.63
- 1.23
- 0.83
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 4%of 973
Top 7%of 979
Top 15%of 746
Bottom 41%of 979
Top 5%of 981
What analysts expect
- Average price target
- $26.50
- Range
- $23.00 – $30.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 0.76 | 0.71 | +7.0% |
| Feb 19, 2026 | 0.68 | 0.66 | +3.0% |
| Nov 6, 2025 | 0.74 | 0.65 | +14.2% |
| Aug 7, 2025 | 0.71 | 0.63 | +12.7% |
| May 8, 2025 | 0.70 | 0.62 | +12.5% |
| Feb 20, 2025 | 0.73 | 0.62 | +17.7% |
| Nov 7, 2024 | 0.60 | 0.53 | +12.8% |
| Aug 8, 2024 | 0.60 | 0.52 | +15.4% |
News
Dropbox upsizes convertible notes offering to $1.1BSeeking Alpha · Nov 10, 2026Dropbox (DBX) Stock Drops Despite Market Gains: Important Facts to NoteYahoo Finance · Sep 18, 2026Dropbox (DBX) Laps the Stock Market: Here's WhyYahoo Finance · Sep 11, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
7/7Passes 7 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
85Pass
Benjamin Graham
75Pass
Philip Fisher
78Pass
Peter Lynch
64Pass
Joel Greenblatt
68Pass
Charlie Munger
83Pass
Terry Smith
78Pass
Questions about Dropbox
Is Dropbox a good stock to buy?
A business with weak numbers, and the price looks low. 7 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Dropbox AI analysis
What does Dropbox do?
Dropbox, Inc. provides a content collaboration platform in the United States and internationally. It is in Software - Infrastructure, based in San Francisco, CA, United States, with 2,113 employees.
Does Dropbox pay a dividend?
No. Dropbox does not pay a dividend at the moment; in 2025 it returned $1.71 billion to shareholders by buying back its own shares.
Is Dropbox stock halal?
No. Dropbox does not pass our halal screen: its debt is 50% of its market value, at or above the 33% limit. How we check
How has Dropbox stock done over the past year?
Up 10.3% over the past twelve months, to $33.53. It traded between $22.06 and $37.83 and is 11.4% below its high.
Who are Dropbox's competitors?
The largest listed companies in the same industry are Microsoft, Palantir Technologies, Oracle and Palo Alto Networks. The peers table on this page compares their profit, growth and price with Dropbox's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.