Dropbox, Inc. (DBX) — Financial statements
Income statement, balance sheet, and cash flow for Dropbox, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,521↓1.1% | 2,548↑1.9% | 2,502↑7.6% | 2,325↑7.7% | 2,158 | |
| Cost of Revenue | 501↑12.5% | 445↓7.0% | 479↑7.7% | 444↑0.0% | 444 | |
| Gross Profit | 2,020↓3.9% | 2,103↑4.0% | 2,023↑7.6% | 1,881↑9.7% | 1,714 | |
| Operating Expenses | ||||||
| R&D Expenses | 732↓20.0% | 915↓2.3% | 937↑5.0% | 892↑18.0% | 756 | |
| General & Administrative Expenses | 231↓4.4% | 241↑1.7% | 237↑6.4% | 223↓0.8% | 225 | |
| Selling & Marketing Expenses | 370↓19.7% | 461↓1.1% | 466↑13.8% | 409↓4.2% | 428 | |
| SG&A Expenses | 600↓14.5% | 702↓0.2% | 703↑11.2% | 632↓3.0% | 652 | |
| Other Expenses | 0.00↓100.0% | 0.10↑100.1% | -155↓188.6% | 175↑459.7% | 31 | |
| Operating Expenses | 1,332↓17.6% | 1,617↑8.9% | 1,484↓12.7% | 1,699↑18.1% | 1,439 | |
| Total Costs & Expenses | 1,830↓11.3% | 2,062↑5.0% | 1,963↓8.4% | 2,144↑13.8% | 1,884 | |
| Operating Results | ||||||
| Operating Income | 692↑42.2% | 486↓9.7% | 539↑197.1% | 181↓33.9% | 274 | |
| Depreciation & Amortization | 158↑14.7% | 137↓19.2% | 170↑8.2% | 157↑3.8% | 151 | |
| EBITDA | 890↑42.7% | 624↑12.7% | 554↑7.8% | 514↑12.4% | 457 | |
| EBIT | 732↑50.6% | 486↑26.8% | 384↑7.6% | 357↑16.6% | 306 | |
| Interest & Other Income | ||||||
| Net Interest Income | -79↓665.5% | 14↓28.4% | 19↑487.9% | 3↑163.5% | -5 | |
| Interest Income | 36↓7.2% | 39↑12.7% | 35↑120.4% | 16↑109.3% | 8 | |
| Interest Expense | 115↑357.4% | 25↑65.1% | 15↑22.6% | 12↓2.4% | 13 | |
| Non-Operating Income | -41↓40800.0% | -0.10↓100.1% | 155↑188.6% | -175↓459.7% | -31 | |
| Other Income / Expenses | -74↓413.1% | 24↑50.3% | 16↑37.7% | 11↓54.2% | 25 | |
| Income Before Tax | 618↑21.1% | 510↓8.0% | 554↑187.7% | 193↓35.6% | 299 | |
| Income Tax Expense | 109↑89.9% | 58↓43.0% | 101↑128.0% | -361↓887.7% | -37 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 508↑12.4% | 452↓0.3% | 454↓18.0% | 553↑64.7% | 336 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 508↑12.4% | 452↓0.3% | 454↓18.0% | 553↑64.7% | 336 | |
| Bottom-Line Net Income | 508↑12.4% | 452↓0.3% | 454↓18.0% | 553↑64.7% | 336 | |
| EPS (Basic) | 1.89↑33.1% | 1.42↑6.8% | 1.33↓13.1% | 1.53↑75.9% | 0.87 | |
| EPS (Diluted) | 1.86↑32.9% | 1.40↑6.9% | 1.31↓13.8% | 1.52↑78.8% | 0.85 | |
| Weighted Average Shares | 268↓15.7% | 318↓6.7% | 341↓5.5% | 361↓6.9% | 388 | |
| Weighted Average Diluted Shares | 273↓15.6% | 323↓6.4% | 346↓4.9% | 363↓8.2% | 396 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.