# Dropbox, Inc.: overview

DBX · Nasdaq · CIK 1467623 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/dbx.md) · [Financials](/companies/dbx/financials.md) · [Filings](/companies/dbx/filings.md) · [Insiders](/companies/dbx/insiders.md)

Latest reported revenue: [$631.5m](/filings/0001467623-26-000049.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 7, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001467623-26-000049).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [639](/filings/0001467623-25-000129.md) | [644 d](/filings/0001467623-26-000008.md) | [625](/filings/0001467623-26-000031.md) | [626](/filings/0001467623-26-000049.md) | [634](/filings/0001467623-25-000129.md) | [636 d](/filings/0001467623-26-000008.md) | [630](/filings/0001467623-26-000031.md) | [632](/filings/0001467623-26-000049.md) |
| Gross margin | % | [82.5%](/filings/0001467623-25-000129.md) | [81.2% d](/filings/0001467623-26-000008.md) | [81.3%](/filings/0001467623-26-000031.md) | [80.2%](/filings/0001467623-26-000049.md) | [79.8%](/filings/0001467623-25-000129.md) | [79.2% d](/filings/0001467623-26-000008.md) | [79.7%](/filings/0001467623-26-000031.md) | [80.2%](/filings/0001467623-26-000049.md) |
| Operating margin | % | [20.0%](/filings/0001467623-25-000129.md) | [13.7% d](/filings/0001467623-26-000008.md) | [29.4%](/filings/0001467623-26-000031.md) | [26.9%](/filings/0001467623-26-000049.md) | [27.5%](/filings/0001467623-25-000129.md) | [25.5% d](/filings/0001467623-26-000008.md) | [27.5%](/filings/0001467623-26-000031.md) | [26.1%](/filings/0001467623-26-000049.md) |
| Net margin | % | [16.7%](/filings/0001467623-25-000129.md) | [16.0% d](/filings/0001467623-26-000008.md) | [24.1%](/filings/0001467623-26-000031.md) | [20.1%](/filings/0001467623-26-000049.md) | [19.5%](/filings/0001467623-25-000129.md) | [17.1% d](/filings/0001467623-26-000008.md) | [18.2%](/filings/0001467623-26-000031.md) | [15.2%](/filings/0001467623-26-000049.md) |
| Diluted EPS | $ per share | [0.34](/filings/0001467623-25-000129.md) | not reported | [0.51](/filings/0001467623-26-000031.md) | [0.45](/filings/0001467623-26-000049.md) | [0.47](/filings/0001467623-25-000129.md) | not reported | [0.48](/filings/0001467623-26-000031.md) | [0.42](/filings/0001467623-26-000049.md) |
| Free cash flow | $m | [270 d](/filings/0001467623-25-000129.md) | [211 d](/filings/0001467623-26-000008.md) | [154](/filings/0001467623-26-000031.md) | [259 d](/filings/0001467623-26-000049.md) | [294 d](/filings/0001467623-25-000129.md) | [225 d](/filings/0001467623-26-000008.md) | [203](/filings/0001467623-26-000031.md) | [235 d](/filings/0001467623-26-000049.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,158](/filings/0001467623-24-000008.md) | [2,325](/filings/0001467623-25-000011.md) | [2,502](/filings/0001467623-26-000008.md) | [2,548](/filings/0001467623-26-000008.md) | [2,521](/filings/0001467623-26-000008.md) |
| Gross margin | % | [79.4%](/filings/0001467623-24-000008.md) | [80.9%](/filings/0001467623-25-000011.md) | [80.9%](/filings/0001467623-26-000008.md) | [82.5%](/filings/0001467623-26-000008.md) | [80.1%](/filings/0001467623-26-000008.md) |
| Operating margin | % | [12.7%](/filings/0001467623-24-000008.md) | [7.8%](/filings/0001467623-25-000011.md) | [21.5%](/filings/0001467623-26-000008.md) | [19.1%](/filings/0001467623-26-000008.md) | [27.3%](/filings/0001467623-26-000008.md) |
| Net margin | % | [15.6%](/filings/0001467623-24-000008.md) | [23.8%](/filings/0001467623-25-000011.md) | [18.1%](/filings/0001467623-26-000008.md) | [17.7%](/filings/0001467623-26-000008.md) | [20.2%](/filings/0001467623-26-000008.md) |
| Diluted EPS | $ per share | [0.85](/filings/0001467623-24-000008.md) | [1.52](/filings/0001467623-25-000011.md) | [1.31](/filings/0001467623-26-000008.md) | [1.40](/filings/0001467623-26-000008.md) | [1.86](/filings/0001467623-26-000008.md) |
| Free cash flow | $m | [708](/filings/0001467623-24-000008.md) | [764](/filings/0001467623-25-000011.md) | [759](/filings/0001467623-26-000008.md) | [872](/filings/0001467623-26-000008.md) | [931](/filings/0001467623-26-000008.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/dbx/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $506.8m | 18,450,111 |  | Reduced −2,388,980 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $290.7m | 10,582,149 |  | Reduced −1,647,313 |
| [ARROWSTREET CAPITAL, LIMITED PARTNERSHIP](/funds/1164508.md) | 2026-06-30 | $215.4m | 7,840,023 |  | Reduced −693,713 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $198.2m | 7,213,667 |  | Reduced −507,400 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $179.7m | 6,541,220 |  | Reduced −459,988 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $179.6m | 6,536,911 | Call | Unchanged |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $151.6m | 5,518,521 |  | Reduced −733,860 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $146.8m | 5,344,133 |  | Reduced −424,230 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $128.6m | 4,679,914 |  | Added +144,439 |
| [JACOBS LEVY EQUITY MANAGEMENT, INC](/funds/884414.md) | 2026-06-30 | $119.7m | 4,356,717 |  | Reduced −446,504 |

## Recent filings

[All 1,139 filings](/companies/dbx/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-28 | 09:05 ET | [8-K](/filings/0001467623-26-000052.md) | 2.02 Results of operations; 2.05 Exit or disposal costs; 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001467623-26-000052 |
| 2026-08-07 | 16:06 ET | [10-Q](/filings/0001467623-26-000049.md) | Quarterly report, period 2026-06-30 | 0001467623-26-000049 |
| 2026-08-06 | 16:08 ET | [8-K](/filings/0001467623-26-000045.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001467623-26-000045 |
| 2026-06-01 | 09:06 ET | [8-K](/filings/0001467623-26-000040.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001467623-26-000040 |
| 2026-05-26 | 16:06 ET | [8-K](/filings/0001467623-26-000036.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001467623-26-000036 |
| 2026-05-26 | 09:15 ET | [8-K](/filings/0001467623-26-000034.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001467623-26-000034 |
| 2026-05-08 | 16:10 ET | [10-Q](/filings/0001467623-26-000031.md) | Quarterly report, period 2026-03-31 | 0001467623-26-000031 |
| 2026-05-07 | 16:10 ET | [8-K](/filings/0001467623-26-000027.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001467623-26-000027 |
| 2026-04-07 | 16:06 ET | [DEF 14A](/filings/0001467623-26-000020.md) | Proxy statement, period 2026-05-21 | 0001467623-26-000020 |
| 2026-02-20 | 16:08 ET | [10-K](/filings/0001467623-26-000008.md) | Annual report, period 2025-12-31 | 0001467623-26-000008 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001467623-26-000008.md), filed Feb 20, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/06a33bf7-afe4-41d9-8788-d93ba7ff3b94)

## About the filer

- CIK: 1467623
- Tickers: DBX
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: NV
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 28, 2026, 09:06 ET. No prices; not investment advice.