Stocks Technology DBX
NASDAQ · TechnologyDropbox, Inc. (DBX)
Dropbox, Inc. brought in $2.5B of revenue over the twelve months to September 30, 2026, up 0.2% from a year earlier. Net income was $435.1M, a net margin of 17.2%. Operating cash flow minus capital spending left $930.8M of free cash flow in fiscal 2025. At September 30, 2026 it held $1.1B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 6, 2026.
Key facts about Dropbox, Inc.
- Net worth
- Dropbox, Inc. has a market value (market cap) of $7.3B at the latest share price, and shareholders' equity of -$2.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $2.5B (-1.1% year on year), with net income of $508.4M. Over the 12 months to September 30, 2026: revenue $2.5B, net income $435.1M.
- Cash flow
- In fiscal 2025 operations brought in $951.8M of cash; after $21M of capital spending, free cash flow was $930.8M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 6, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Dropbox, Inc.'s next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Dropbox, Inc. does
Dropbox, Inc. is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker DBX.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $2.5B | $508.4M | $1.86 | $930.8M |
| 2024 | $2.5B | $452.3M | $1.40 | $871.6M |
| 2023 | $2.5B | $453.6M | $1.31 | $759.4M |
| 2022 | $2.3B | $553.2M | $1.52 | $763.5M |
| 2021 | $2.2B | $335.8M | $0.85 | $707.7M |
| 2020 | $1.9B | -$256.3M | -$0.62 | $490.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where DBX ranks in Technology
Latest SEC filings
What Dropbox, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Quarterly report 10-Q · period to September 30, 2026Revenue was flat at $637.3M versus the same quarter last year; diluted EPS $0.52 versus $0.47.
- November 5, 2026
- November 5, 2026
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- October 28, 2026
- August 7, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 0.9% to $631.5M versus the same quarter last year; diluted EPS $0.42 versus $0.45.
- August 6, 2026Passive stake changed SCHEDULE 13G/A
- August 6, 2026
- July 31, 2026Passive stake changed SCHEDULE 13G/A
- June 1, 2026
What is DBX worth? A DCF from its reported cash flow
Insider trades
What the people running Dropbox, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $32.8M worth of shares in the last 90 days and bought none on the open market. Most of the selling (98%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 2, 2026 | Houston AndrewCo-CEO, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 0 | - |
| October 30, 2026 | Schubach Sarah ElizabethChief Accounting Officer | Soldpre-planned (10b5-1) | 0 | - |
| October 15, 2026 | Schubach Sarah ElizabethChief Accounting Officer | Soldpre-planned (10b5-1) | 2,056 | $73.6K |
| October 12, 2026 | Houston AndrewCo-CEO, Director, 10% owner | Exercised optionsindirect | 29,500 | - |
| October 12, 2026 | Houston AndrewCo-CEO, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 29,500 | $1M |
| October 1, 2026 | Houston AndrewCo-CEO, Director, 10% owner | Exercised optionsindirect | 354,300 | - |
| October 1, 2026 | Houston AndrewCo-CEO, Director, 10% owner | Soldpre-planned (10b5-1), indirect | 354,300 | $12M |
| September 30, 2026 | Schubach Sarah ElizabethChief Accounting Officer | Soldpre-planned (10b5-1) | 1,991 | $64.8K |
Who owns DBX
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Andrew Houston13G, passive | 35.3% | May 1, 2026 |
| Vanguard Portfolio Management13G, passive | 7.46% | April 29, 2026 |
| Lsv Asset Management13G, passive | 7.3% | August 6, 2026 |
| Arrowstreet Capital, Limited Partnership13G, passive with 1 related filers | 5.4% | May 15, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 452 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 18,450,111 | -2,388,980 |
| Vanguard Portfolio Management LLC | 10,582,149 | -1,647,313 |
| Arrowstreet Capital, Limited Partnership | 7,840,023 | -693,713 |
| Renaissance Technologies LLC | 7,213,667 | -507,400 |
| Vanguard Capital Management LLC | 6,541,220 | -459,988 |
| Morgan Stanley | 5,518,521 | -733,860 |
| State Street Corp | 5,344,133 | -424,230 |
| Geode Capital Management, LLC | 4,679,914 | +144,439 |
| Jacobs Levy Equity Management, Inc | 4,356,717 | -446,504 |
| Royal Bank of Canada | 4,089,121 | +3,627,168 |
| Two Sigma Investments, LP | 3,955,667 | -391,974 |
| Goldman Sachs Group Inc | 3,663,183 | +1,537,292 |
| Allianz Asset Management GmbH | 3,562,257 | -85,401 |
| Robeco Institutional Asset Management B.V. | 3,144,127 | +29,097 |
| UBS Group AG | 3,096,895 | -142,737 |
| Wedge Capital Management L L P | 3,005,173 | +627,111 |
| Dimensional Fund Advisors LP | 2,806,149 | +44,264 |
| Barclays PLC | 2,327,240 | +642,434 |
| Charles Schwab Investment Management Inc | 2,274,622 | -205,707 |
| Gotham Asset Management, LLC | 2,238,153 | +1,060,964 |
Insiders
15 insiders reported holding 4,927,617 shares in total, about $159.7M at the last price.
| Holder | Shares |
|---|---|
| Alkarmi AshrafCo-CEO, Director | 1,004,081 |
| Torres Michael IvanChief Product Officer | 842,316 |
| Tennenbaum RossChief Financial Officer | 690,666 |
| Dasdan AliChief Technology Officer | 471,052 |
| Regan TimothyChief Financial Officer | 437,647 |
| Webster Eric TChief Business Officer | 416,236 |
| Houston AndrewCo-CEO, Director, 10% owner | 383,800383,800 held indirectly |
| Yoon William TChief Legal Officer | 366,693 |
| Schubach Sarah ElizabethChief Accounting Officer | 130,821 |
| Seibel MichaelDirector | 65,333 |
Questions about DBX
What does Dropbox, Inc. do?
Dropbox, Inc. is a company in the Technology sector, listed on NASDAQ as DBX. Its shares trade on NASDAQ under the ticker DBX.
What is Dropbox, Inc.'s net worth?
Dropbox, Inc. has a market value (market cap) of $7.3B at the latest share price, and shareholders' equity of -$2.2B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Dropbox, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $435.1M on revenue of $2.5B, a net margin of 17.2%.
How much revenue does Dropbox, Inc. make?
Over the twelve months to September 30, 2026 Dropbox, Inc. reported revenue of $2.5B. That is 0.2% more than a year earlier.
When did Dropbox, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 6, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade (amended) from November 9, 2026.
When is Dropbox, Inc.'s next earnings report?
Dropbox, Inc.'s next report is expected around February 18, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Dropbox, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.