DBX - Dropbox, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$26.50
DETAILS
HIGH:
$30.00
LOW:
$23.00
MEDIAN:
$26.50
CONSENSUS:
$26.50
DOWNSIDE:
3.39%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 2,521 | 2,548.2 | 2,501.6 | 2,324.9 | 2,157.9 | 1,913.9 | 1,661.3 | 1,391.7 | 1,106.8 | 844.8 | 603.8 |
| Cost of Revenue | 500.8 | 445.1 | 478.5 | 444.2 | 444.2 | 414.6 | 411 | 394.7 | 368.9 | 390.6 | 407.4 |
| Gross Profit | 2,020.2 | 2,103.1 | 2,023.1 | 1,880.7 | 1,713.7 | 1,499.3 | 1,250.3 | 997 | 737.9 | 454.2 | 196.4 |
| Operating Expenses | |||||||||||
| R&D Expenses | 732 | 914.9 | 936.5 | 891.9 | 755.9 | 727.5 | 662.1 | 768.2 | 380.3 | 289.7 | 201.6 |
| SG&A Expenses | 600.4 | 701.9 | 703.1 | 632.3 | 652.1 | 650.6 | 668.7 | 722.8 | 471.3 | 358 | 301 |
| Other Expenses | 0 | 0.1 | (155.2) | 175.2 | 31.3 | 398.2 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 1,332.4 | 1,616.9 | 1,484.4 | 1,699.4 | 1,439.3 | 1,776.3 | 1,330.8 | 1,491 | 851.6 | 647.7 | 502.6 |
| Operating Income | |||||||||||
| Operating Income | 691.5 | 486.2 | 538.7 | 181.3 | 274.4 | (277) | (80.5) | (494) | (113.7) | (193.5) | (306.2) |
| Interest Expense | 114.8 | 25.1 | 15.2 | 12.4 | 12.7 | 10.8 | 10.3 | 0 | 11 | 16.4 | 15.2 |
| Interest Income | 36.2 | 39 | 34.6 | 15.7 | 7.5 | 12.5 | 22.8 | 7.1 | 0 | 0 | 0 |
| Profitability | |||||||||||
| EBITDA | 889.9 | 623.6 | 553.5 | 513.6 | 457.1 | 280.5 | 93 | (327.2) | 68.1 | (1.9) | (156.6) |
| EBIT | 732.4 | 486.3 | 383.5 | 356.5 | 305.7 | 121.2 | (80.5) | (494) | (113.7) | (193.5) | (306.2) |
| Income Before Tax | 617.6 | 509.8 | 554.4 | 192.7 | 299.3 | (250.2) | (52) | (480.1) | (111.5) | (205) | (325.6) |
| Income Tax Expense | 109.2 | 57.5 | 100.8 | (360.5) | (36.5) | 6.1 | 0.7 | 4.8 | 0.2 | 5.2 | 0.3 |
| Net Income | 508.4 | 452.3 | 453.6 | 553.2 | 335.8 | (256.3) | (52.7) | (484.9) | (111.7) | (210.2) | (325.9) |
| Per Share Data | |||||||||||
| EPS (Basic) | 1.89 | 1.42 | 1.33 | 1.53 | 0.87 | -0.62 | -0.13 | -1.35 | -0.28 | -0.59 | -1.74 |
| EPS (Diluted) | 1.86 | 1.40 | 1.31 | 1.52 | 0.85 | -0.62 | -0.13 | -1.35 | -0.28 | -0.59 | -1.74 |
| Shares Outstanding | 268.3 | 318.2 | 341.2 | 361.2 | 388 | 414.3 | 411.6 | 358.6 | 393.0 | 358.6 | 187.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 891.3 | 1,328.3 | 614.9 | 232.8 | 533 | 314.9 | 551.3 | 519.3 | 430 | 352.7 |
| Short-Term Investments | 146.9 | 265.9 | 741.1 | 1,110.6 | 1,185.1 | 806.4 | 607.7 | 570 | 0 | 0 |
| Net Receivables | 79.1 | 70.4 | 68.7 | 53.8 | 49.6 | 43.4 | 36.7 | 28.6 | 29.3 | 13.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 53.9 | 73.8 | 91.9 | 92.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1,173.4 | 1,738.4 | 1,516.6 | 1,489.8 | 1,849.8 | 1,227.5 | 1,243.2 | 1,210.2 | 518.1 | 413.4 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 649.1 | 517.7 | 493 | 569 | 735.9 | 809.2 | 1,103.2 | 310.6 | 341.9 | 444 |
| Goodwill | 454.9 | 442.8 | 402.2 | 403.3 | 356.6 | 236.9 | 234.5 | 96.5 | 98.9 | 96 |
| Intangible Assets | 33.7 | 54.9 | 58.1 | 88.3 | 53.6 | 33.5 | 47.4 | 14.7 | 17 | 24.2 |
| Long-Term Investments | 14.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 103.5 | 104.7 | 53.2 | 61 | 54.2 | 80.1 | 70.9 | 62.1 | 44 | 26.6 |
| Total Non-Current Assets | 1,742.9 | 1,586.8 | 1,466.9 | 1,620.3 | 1,241.5 | 1,159.7 | 1,456 | 483.9 | 501.8 | 590.8 |
| Total Assets | 2,916.3 | 3,325.2 | 2,983.5 | 3,110.1 | 3,091.3 | 2,387.2 | 2,699.2 | 1,694.1 | 1,019.9 | 1,004.2 |
| Current Liabilities | ||||||||||
| Account Payables | 24.3 | 36.5 | 38.5 | 38.6 | 25.7 | 18.7 | 40.7 | 33.3 | 31.9 | 15.5 |
| Short-Term Debt | 906 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 729.7 | 727.7 | 725 | 702.6 | 671.5 | 610.5 | 554.2 | 485 | 417.9 | 353 |
| Other Current Liabilities | 121.7 | 105.2 | 109.2 | 131.7 | 139.1 | 113.6 | 101.4 | 121.9 | 70.7 | 52.3 |
| Total Current Liabilities | 1,893.5 | 1,210.8 | 1,201.5 | 1,196.5 | 1,175.8 | 1,087.8 | 1,014.8 | 837.5 | 738.4 | 635.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,479.5 | 2,344.5 | 1,377.8 | 1,374 | 1,370.3 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 71.4 | 0 | 0 | 74.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (288.3) | 68.4 | 90.8 | 112.1 | 39.4 | 34.4 | 25.9 | 8.9 | 37.2 | 44 |
| Total Non-Current Liabilities | 2,820 | 2,866.8 | 1,947.8 | 2,223 | 2,209.4 | 965.6 | 876 | 179.8 | 178.6 | 246.1 |
| Total Liabilities | 4,713.5 | 4,077.6 | 3,149.3 | 3,419.5 | 3,385.2 | 2,053.4 | 1,890.8 | 1,017.3 | 917 | 881.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | (3,815.1) | (3,146.5) | (2,742.3) | (2,772.1) | (2,739.4) | (2,241.4) | (1,726.2) | (1,659.5) | (1,049.7) | (937.5) |
| Accumulated Other Comprehensive Income | 5.7 | (10.1) | (21.5) | (48.9) | (2.6) | 10.9 | 3.3 | (1.2) | 4.2 | (1) |
| Total Stockholders' Equity | (1,797.2) | (752.4) | (165.8) | (309.4) | (293.9) | 333.8 | 808.4 | 676.8 | 102.9 | 122.8 |
| Total Liabilities & Equity | 2,916.3 | 3,325.2 | 2,983.5 | 3,110.1 | 3,091.3 | 2,387.2 | 2,699.2 | 1,694.1 | 1,019.9 | 1,004.2 |
| Debt Metrics | ||||||||||
| Total Debt | 3,942.9 | 2,996.6 | 2,030.6 | 2,294.6 | 2,368.7 | 1,119.5 | 1,006.7 | 163.7 | 174.3 | 257.2 |
| Net Debt | 3,051.6 | 1,668.3 | 1,415.7 | 2,061.8 | 1,835.7 | 804.6 | 455.4 | (355.6) | (255.7) | (95.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 508.4 | 452.3 | 453.6 | 553.2 | 335.8 | (256.3) | (52.7) | (484.9) | (111.7) | (210.2) |
| Depreciation & Amortization | 157.4 | 137.3 | 170 | 157.1 | 151.4 | 159.3 | 173.5 | 166.8 | 181.8 | 191.6 |
| Stock-Based Compensation | 300.8 | 346.5 | 338 | 330.7 | 287.1 | 261.5 | 261.2 | 650.1 | 164.6 | 147.6 |
| Change in Working Capital | (126.8) | (96.6) | (118.7) | (99.9) | (61.9) | 3.8 | 145.6 | 83.2 | 81.3 | 118.8 |
| Other Non-Cash Items | 60.3 | 60 | (97.6) | 252.5 | (13.9) | 21.8 | 0.9 | 10.2 | 14.3 | 4.8 |
| Operating Cash Flow | 951.8 | 894.1 | 783.7 | 797.3 | 729.8 | 570.8 | 528.5 | 425.4 | 330.3 | 252.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (21) | (22.5) | (24.6) | (34.9) | (28.9) | (80.3) | (137.8) | (66) | (26.1) | (123.7) |
| Acquisitions | (13.1) | (57.8) | 0 | (64.8) | (140) | 80.3 | (173.9) | 66 | 0 | 2.1 |
| Purchases of Investments | 0 | (62.3) | (208.7) | (571.2) | (1,138.4) | (756.1) | (775.4) | (850.4) | 0 | 0 |
| Sales/Maturities of Investments | 126.5 | 555.4 | 604.6 | 602.8 | 742.3 | 585.5 | 750.9 | 283.6 | 0 | 0 |
| Other Investing Activities | 19.5 | 31 | 23.9 | 19.6 | 40.2 | (63) | 16.2 | (67) | 2.2 | 5.7 |
| Investing Cash Flow | 111.9 | 443.8 | 395.2 | (48.5) | (524.8) | (233.6) | (320) | (633.8) | (23.9) | (118) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 338.2 | 870.6 | (126.6) | (127.5) | 1,013.4 | (89.5) | (92.9) | (109.1) | (139.2) | (132.9) |
| Stock Repurchased | (1,713.9) | (1,241.6) | (539.9) | (795.4) | (1,058.5) | (397.5) | 0 | (351.9) | (87.9) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (155.1) | (216.5) | (135.2) | (119.4) | 54.4 | (93) | (0.6) | (6.5) | (5.1) | (1.6) |
| Financing Cash Flow | (1,530.7) | (586.6) | (799.2) | (1,041.8) | 16.2 | (577.7) | (176.7) | 300.8 | (231.7) | (134.5) |
| Cash Position | ||||||||||
| Net Change in Cash | (454.6) | 745.6 | 382.1 | (300.2) | 218.1 | (236.4) | 32 | 89.3 | 77.3 | (4.2) |
| Cash at Beginning | 1,360.5 | 614.9 | 232.8 | 533 | 314.9 | 551.3 | 519.3 | 430 | 352.7 | 356.9 |
| Cash at End | 905.9 | 1,360.5 | 614.9 | 232.8 | 533 | 314.9 | 551.3 | 519.3 | 430 | 352.7 |
| Free Cash Flow | 930.8 | 871.6 | 759.1 | 762.4 | 700.9 | 490.5 | 390.7 | 359.4 | 304.2 | 128.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 2,521 | 2,548.2 | 2,501.6 | 2,324.9 | 2,157.9 | 1,913.9 | 1,661.3 | 1,391.7 | 1,106.8 | 844.8 | 603.8 |
| Gross Profit | 2,020.2 | 2,103.1 | 2,023.1 | 1,880.7 | 1,713.7 | 1,499.3 | 1,250.3 | 997 | 737.9 | 454.2 | 196.4 |
| Operating Income | 691.5 | 486.2 | 538.7 | 181.3 | 274.4 | (277) | (80.5) | (494) | (113.7) | (193.5) | (306.2) |
| Net Income | 508.4 | 452.3 | 453.6 | 553.2 | 335.8 | (256.3) | (52.7) | (484.9) | (111.7) | (210.2) | (325.9) |
| EPS (Diluted) | 1.86 | 1.40 | 1.31 | 1.52 | 0.85 | -0.62 | -0.13 | -1.35 | -0.28 | -0.59 | -1.74 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 891.3 | 1,328.3 | 614.9 | 232.8 | 533 | 314.9 | 551.3 | 519.3 | 430 | 352.7 | |
| Total Assets | 2,916.3 | 3,325.2 | 2,983.5 | 3,110.1 | 3,091.3 | 2,387.2 | 2,699.2 | 1,694.1 | 1,019.9 | 1,004.2 | |
| Total Debt | 3,942.9 | 2,996.6 | 2,030.6 | 2,294.6 | 2,368.7 | 1,119.5 | 1,006.7 | 163.7 | 174.3 | 257.2 | |
| Stockholders' Equity | (1,797.2) | (752.4) | (165.8) | (309.4) | (293.9) | 333.8 | 808.4 | 676.8 | 102.9 | 122.8 | |
| Cash Flow | |||||||||||
| Operating Cash Flow | 951.8 | 894.1 | 783.7 | 797.3 | 729.8 | 570.8 | 528.5 | 425.4 | 330.3 | 252.6 | |
| Capital Expenditure | (21) | (22.5) | (24.6) | (34.9) | (28.9) | (80.3) | (137.8) | (66) | (26.1) | (123.7) | |
| Free Cash Flow | 930.8 | 871.6 | 759.1 | 762.4 | 700.9 | 490.5 | 390.7 | 359.4 | 304.2 | 128.9 | |