FY2025 · ended Dec 31, 2025 · Revenue $2.52B, -1.1% YoY · Filed Feb 20, 2026
Dropbox, Inc. (DBX) files with the SEC under industry code 7372, Services-Prepackaged Software. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $2.5 billion and net income of $508.4 million. Free cash flow was $930.8 million. As of Jun 30, 2026 it held $1.1 billion in cash and investments and $675.2 million in total debt.
Revenue (TTM)
$2.53B
-0.0% vs year-ago TTM
Net income (TTM)
$442.80M
-8.8% vs year-ago TTM
Operating cash flow (TTM)
$980.50M
+8.7% vs year-ago TTM
Free cash flow (TTM)
$957.10M
+7.2% vs year-ago TTM
EPS (TTM)
$1.80
+11.4% vs year-ago TTM
Dividend per share
None
Shares outstanding
—
Net cash
$438.60M
as of Jun 30, 2026
Operating margin
26.6%
FY 2026
Company profile
- Industry
- Services-Prepackaged Software (SIC 7372)
- Listed as
- DBX (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- San Francisco, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1467623
- Former names
- Evenflow, Inc. (until Jul 7, 2009)
Other Services-Prepackaged Software companies
- Microsoft Corp MSFT
- Palantir Technologies Inc. PLTR
- Oracle Corp ORCL
- Sap SE SAP
- CrowdStrike Holdings, Inc. CRWD
- Shopify Inc. SHOP
- Salesforce, Inc. CRM
- ServiceNow, Inc. NOW
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.5B | $2.3B | $2.2B |
| Operating income | $689.1M | $486.2M | $538.7M | $181.3M | $274.4M |
| Net income | $508.4M | $452.3M | $453.6M | $553.2M | $335.8M |
| Diluted EPS | $1.86 | $1.40 | $1.31 | $1.52 | $0.85 |
| Operating cash flow | $951.8M | $894.1M | $783.7M | $797.3M | $729.8M |
| Free cash flow | $930.8M | $871.6M | $759.4M | $763.5M | $707.7M |
| Total assets | $2.8B | $3.3B | $3.0B | $3.1B | $3.1B |
| Total liabilities | $4.6B | $4.1B | $3.1B | $3.4B | $3.4B |
| Stockholders' equity | -$1.8B | -$752.4M | -$165.8M | -$309.4M | -$293.9M |
| Cash and investments | $1.0B | $1.6B | $1.4B | $1.3B | $1.7B |
| Total debt | $753.0M | $642.1M | $652.7M | $920.6M | $998.4M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Nov 5, 2026 | Nov 3, 2026 |
| 8-K |
Current report
Results of operations, Exit or restructuring costs, Officer or director change
|
Oct 28, 2026 | Oct 28, 2026 |
| 10-Q | Quarterly report | Aug 7, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Aug 6, 2026 | Aug 6, 2026 |
| 8-K |
Current report
Material agreement, New debt, Regulation FD disclosure, Other events
|
Jun 1, 2026 | Jun 1, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 26, 2026 | May 21, 2026 |
All 1001 Dropbox, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.