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Companies / Technology / DROPBOX, INC.
DBX

DROPBOX, INC.

TechnologyPrepackaged Software
Ticker DBXSAN FRANCISCO, CAFiscal year ends DecemberBook value per share $-9.44Diluted shares 231.8M

Dropbox, Inc. (NASDAQ: DBX) operates as a leading content collaboration platform designed to help individuals, teams, and organizations work more effectively by centralizing information flow and reducing time spent on administrative tasks. The company's website is located at www.dropbox.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.52B
−1.1% year over year
Last 12 mo $2.53B
27.33%
+8.3 percentage points
Last 12 mo 26.64%
$508.40M
+12.4% year over year
Last 12 mo $442.80M
-28.29%
+31.8 percentage points
Last 12 mo -20.23%
Cash & financing
$951.80M
+6.5% year over year
Last 12 mo $980.50M
$930.80M
+6.8% year over year
Last 12 mo $957.10M
-1.77
Was -3.56× a year earlier
Last 12 mo -1.64
272.8M
−15.6% year over year
Last 12 mo 231.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What DROPBOX, INC. does

In the company’s own words

Dropbox, Inc. (NASDAQ: DBX) operates as a leading content collaboration platform designed to help individuals, teams, and organizations work more effectively by centralizing information flow and reducing time spent on administrative tasks. The company's website is located at www.dropbox.com.

Founded in 2007, Dropbox has evolved from a file synchronization service into a comprehensive digital workspace platform. The company serves over 700 million registered users and 18.08 million paying users as of December 31, 2025, across approximately 575,000 paying Dropbox Business teams. The customer base spans all organization sizes, from freelancers and small businesses to Fortune 100 companies, operating across industries including professional services, technology, media, education, industrial, consumer and retail, and financial services.

The platform's core capabilities encompass content creation through tools like Dropbox Paper and document scanning, access and organization features including AI-powered search through Dropbox Dash, comprehensive sharing functionality, and collaboration tools such as comments, annotations, and real-time presence indicators. Dropbox also offers specialized products including Dropbox Sign for eSignature workflows, DocSend for secure document sharing with analytics, Dropbox Backup for automatic cloud synchronization, Dropbox Transfer for large file sharing, and Reclaim for AI-powered scheduling.

Dropbox generates over ninety percent of its revenue through self-serve channels, reflecting a bottom-up adoption model where users purchase subscriptions directly through the platform. The company offers tiered subscription plans ranging from free Basic access to premium Personal and Business offerings. The business model emphasizes network effects, as increased content creation and sharing expands the platform's utility and user stickiness.

The company maintains custom-built infrastructure across multiple geographic regions, with additional capacity provided through Amazon Web Services. As of December 31, 2025, Dropbox employed 2,113 full-time employees, with 1,612 located in the United States and 501 internationally. The company operates under a Virtual First work model emphasizing distributed remote work supported by periodic in-person collaboration opportunities.

Company details
Sector
Technology
Industry
Prepackaged Software
Headquarters
SAN FRANCISCO, CA
Fiscal year end
December
CIK
1467623
SIC
7372

Financial performance, year by year

Fiscal 2018–2025 · USD
$-788.21M$121.72M$1.03B$1.94B$2.85B20182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns DROPBOX, INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

433
funds hold it
0 of 35
superinvestors hold it
$1.66B
held by funds, at market
41.3%
of shares held by funds
1
bond issues held by funds

Largest fund holders · DROPBOX, INC.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.11%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
0.07%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets
PIMCO RAE US Small Fund
PMJIX · PIMCO Equity Series
1.46%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

DROPBOX, INC.’s bonds, as funds hold them

Funds report holding 1 issues of DROPBOX, INC.’s debt, $62.34M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 0.00%, maturing 2028 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do DROPBOX, INC. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of DROPBOX, INC.'s earnings go — cash, debt, buybacks, reinvestment?”
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