Dropbox (DBX) Financials

$28.67 +0.01 (+0.03%)

Closing price 04:00 PM Eastern

Extended Trading

$28.64 -0.03 (-0.09%)

As of 05:23 PM Eastern

Annual Income Statements for Dropbox

This table shows Dropbox's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Net Income / (Loss) Attributable to Common Shareholders	452	454	553	336	-256	-53	-485	-112	-210
Consolidated Net Income / (Loss)	452	454	553	336	-256	-53	-485	-112	-210
Net Income / (Loss) Continuing Operations	452	454	553	336	-256	-53	-485	-112	-210
Total Pre-Tax Income	510	554	193	299	-250	-52	-480	-112	-205
Total Operating Income	486	539	181	274	-277	-81	-494	-114	-194
Total Gross Profit	2,103	2,023	1,881	1,714	1,499	1,250	997	738	454
Total Revenue	2,548	2,502	2,325	2,158	1,914	1,661	1,392	1,107	845
Operating Revenue	2,548	2,502	2,325	2,158	1,914	1,661	1,392	1,107	845
Total Cost of Revenue	445	479	444	444	415	411	395	369	391
Operating Cost of Revenue	445	479	444	444	415	411	395	369	391
Total Operating Expenses	1,617	1,484	1,699	1,439	1,776	1,331	1,491	852	648
Selling, General & Admin Expense	241	237	223	225	228	245	283	157	107
Marketing Expense	461	466	409	428	423	423	440	314	251
Research & Development Expense	915	937	892	756	728	662	768	380	290
Impairment Charge	0.10	-155	175	-	398	0.00	0.00	-	-
Total Other Income / (Expense), net	24	16	11	25	27	29	14	2.20	-12
Interest & Investment Income	14	19	3.30	-5.20	1.70	13	7.10	-11	-16
Other Income / (Expense), net	9.70	-3.70	8.10	30	25	16	6.80	13	4.90
Income Tax Expense	58	101	-361	-37	6.10	0.70	4.80	0.20	5.20
Basic Earnings per Share	$1.42	$1.33	$1.53	$0.87	($0.62)	($0.13)	($1.35)	($0.57)	($1.11)
Weighted Average Basic Shares Outstanding	318.20M	341.20M	361.20M	388M	414.30M	411.60M	358.60M	195.90M	189.10M
Diluted Earnings per Share	$1.40	$1.31	$1.52	$0.85	($0.62)	($0.13)	($1.35)	($0.57)	($1.11)
Weighted Average Diluted Shares Outstanding	323.40M	345.60M	363.30M	395.80M	414.30M	411.60M	358.60M	195.90M	189.10M
Weighted Average Basic & Diluted Shares Outstanding	301.75M	343.98M	357.86M	381.65M	414.30M	411.60M	358.60M	195.90M	189.10M

This table shows Dropbox's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	103	107	111	132	227	114	43	69	328	83
Consolidated Net Income / (Loss)	103	107	111	132	227	114	43	69	328	83
Net Income / (Loss) Continuing Operations	103	107	111	132	227	114	43	69	328	83
Total Pre-Tax Income	92	133	134	151	272	136	59	88	-78	98
Total Operating Income	88	128	127	144	267	131	57	84	-80	89
Total Gross Profit	523	527	528	526	513	513	502	494	483	481
Total Revenue	644	639	635	631	635	633	623	611	599	591
Operating Revenue	644	639	635	631	635	633	623	611	599	591
Total Cost of Revenue	121	112	107	106	122	120	120	117	116	110
Operating Cost of Revenue	121	112	107	106	122	120	120	117	116	110
Total Operating Expenses	435	400	401	382	246	383	446	410	563	392
Selling, General & Admin Expense	63	63	61	54	61	60	60	56	57	57
Marketing Expense	129	111	113	109	120	106	121	119	105	104
Research & Development Expense	243	226	227	219	222	216	263	235	239	228
Total Other Income / (Expense), net	4.50	4.90	6.60	7.60	4.90	4.80	2.50	3.50	2.00	8.90
Interest & Investment Income	-1.90	3.80	4.70	7.30	6.80	5.00	3.70	3.90	3.50	1.70
Other Income / (Expense), net	6.40	1.10	1.90	0.30	-1.90	-0.20	-1.20	-0.40	-1.50	7.20
Income Tax Expense	-10	26	23	19	45	21	16	19	-407	15
Basic Earnings per Share	$0.34	$0.34	$0.34	$0.40	$0.66	$0.34	$0.13	$0.20	$0.91	$0.23
Weighted Average Basic Shares Outstanding	318.20M	314.50M	322.40M	334.80M	341.20M	339.20M	341.40M	347.10M	361.20M	358.10M
Diluted Earnings per Share	$0.33	$0.34	$0.34	$0.39	$0.65	$0.33	$0.13	$0.20	$0.91	$0.23
Weighted Average Diluted Shares Outstanding	323.40M	316.40M	323.70M	340.70M	345.60M	346M	343.80M	348.80M	363.30M	360.10M
Weighted Average Basic & Diluted Shares Outstanding	301.75M	309.73M	325.42M	330.19M	343.98M	345.76M	347.80M	349.67M	357.86M	362.74M

This table details how cash moves in and out of Dropbox's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Net Change in Cash & Equivalents	746	382	-300	218	-236	32	92	77	-4.20
Net Cash From Operating Activities	894	784	797	730	571	529	425	330	253
Net Cash From Continuing Operating Activities	894	784	797	730	571	529	425	330	253
Net Income / (Loss) Continuing Operations	452	454	553	336	-256	-53	-485	-112	-210
Consolidated Net Income / (Loss)	452	454	553	336	-256	-53	-485	-112	-210
Depreciation Expense	137	170	157	151	159	174	167	182	192
Amortization Expense	35	43	44	36	25	18	12	6.60	3.70
Non-Cash Adjustments To Reconcile Net Income	372	199	486	350	666	300	648	172	149
Changes in Operating Assets and Liabilities, net	-102	-81	-443	-143	-23	90	83	81	119
Net Cash From Investing Activities	444	395	-49	-525	-234	-320	-634	-24	-118
Net Cash From Continuing Investing Activities	444	395	-49	-525	-234	-320	-634	-24	-118
Purchase of Property, Plant & Equipment	-23	-24	-34	-22	-80	-136	-63	-25	-115
Acquisitions	-58	-0.30	-77	-147	-0.20	-176	-3.00	-0.80	-8.50
Purchase of Investments	-62	-209	-571	-1,138	-756	-775	-850	0.00	-
Divestitures	0.00	0.00	11	0.00	26	-	-	-	-
Sale and/or Maturity of Investments	555	605	603	742	559	751	284	0.00	0.00
Other Investing Activities, net	31	24	20	40	17	16	-1.00	2.20	5.70
Net Cash From Financing Activities	-587	-799	-1,042	16	-578	-177	301	-232	-135
Net Cash From Continuing Financing Activities	-587	-799	-1,042	16	-578	-177	301	-232	-135
Repayment of Debt	-180	-127	0.00	-24	-0.80	-0.60	-6.50	-142	-143
Repurchase of Common Equity	-1,242	-540	-795	-1,059	-398	0.00	-4.50	-2.50	0.00
Issuance of Debt	1,000	0.00	0.00	1,389	0.00	0.00	-	-	-
Issuance of Common Equity	0.90	2.50	0.50	210	2.30	2.20	773	0.50	0.00
Other Financing Activities, net	-166	-135	-247	-501	-182	-178	-461	-88	8.80
Effect of Exchange Rate Changes	-5.70	2.40	-	-3.10	-	-	-	-	-4.30
Cash Interest Paid	15	11	8.20	8.50	9.60	9.80	8.30	11	15
Cash Income Taxes Paid	61	68	28	4.20	5.00	0.60	1.40	3.40	1.50

This table details how cash moves in and out of Dropbox's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	843	2.50	-34	-66	11	94	178	100	-139	20
Net Cash From Operating Activities	214	274	231	176	200	256	188	140	195	251
Net Cash From Continuing Operating Activities	214	274	231	176	200	256	188	140	195	251
Net Income / (Loss) Continuing Operations	103	107	111	132	227	114	43	69	328	83
Consolidated Net Income / (Loss)	103	107	111	132	227	114	43	69	328	83
Depreciation Expense	38	35	32	31	43	42	43	43	40	39
Amortization Expense	9.10	8.80	8.40	8.60	9.40	11	11	12	12	11
Non-Cash Adjustments To Reconcile Net Income	104	96	83	89	-95	132	73	89	171	115
Changes in Operating Assets and Liabilities, net	-40	27	-4.00	-85	16	-42	18	-73	-356	3.50
Net Cash From Investing Activities	114	153	63	114	-22	10	206	201	-105	7.50
Net Cash From Continuing Investing Activities	114	153	63	114	-22	10	206	201	-105	7.50
Purchase of Property, Plant & Equipment	-3.30	-4.10	-5.90	-9.20	-10	-9.40	-3.00	-1.90	-13	-6.20
Acquisitions	-0.20	-37	-	-	-0.30	-	-	-	-	-
Sale and/or Maturity of Investments	108	182	86	180	72	82	221	230	109	138
Other Investing Activities, net	9.40	12	4.60	5.70	13	2.50	5.40	3.30	6.80	3.30
Net Cash From Financing Activities	524	-431	-327	-353	-172	-169	-217	-241	-234	-233
Net Cash From Continuing Financing Activities	524	-431	-327	-353	-172	-169	-217	-241	-234	-233
Repayment of Debt	-180	-	32	-32	-127	-	32	-32	-	-
Repurchase of Common Equity	-353	-349	-260	-279	-106	-104	-154	-175	-174	-171
Issuance of Common Equity	0.60	0.20	-	0.10	0.10	1.20	1.00	0.20	0.10	0.10
Other Financing Activities, net	56	-83	-99	-41	61	-66	-96	-34	-60	-61
Effect of Exchange Rate Changes	-8.60	6.30	-0.90	-2.50	4.30	-	-	0.50	-	-6.50

This table presents Dropbox's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Total Assets	3,325	2,984	3,110	3,091	2,387	2,699	1,694	1,020
Total Current Assets	1,738	1,517	1,490	1,850	1,228	1,243	1,210	518
Cash & Equivalents	1,328	615	233	533	315	551	519	430
Short-Term Investments	266	741	1,111	1,185	806	608	570	0.00
Accounts Receivable	70	69	54	50	43	37	29	29
Prepaid Expenses	74	92	93	82	63	48	92	59
Plant, Property, & Equipment, net	359	309	308	322	339	445	311	342
Total Noncurrent Assets	1,228	1,158	1,312	920	821	1,011	173	160
Goodwill	443	402	403	357	237	235	97	99
Intangible Assets	55	58	88	54	34	47	15	17
Noncurrent Deferred & Refundable Income Taxes	467	460	499	41	-	-	-	-
Other Noncurrent Operating Assets	264	237	322	468	551	729	62	44
Total Liabilities & Shareholders' Equity	3,325	2,984	3,110	3,091	2,387	2,699	1,694	1,020
Total Liabilities	4,078	3,149	3,420	3,385	2,053	1,891	1,017	917
Total Current Liabilities	1,211	1,202	1,197	1,176	1,088	1,015	838	738
Short-Term Debt	10	0.00	-	-	-	-	74	103
Accounts Payable	37	39	39	26	19	41	33	32
Accrued Expenses	143	155	140	141	157	162	165	130
Current Deferred Revenue	728	725	703	672	611	554	485	418
Current Employee Benefit Liabilities	105	109	132	139	114	101	81	56
Other Current Liabilities	188	174	184	199	188	157	-	-
Total Noncurrent Liabilities	2,867	1,948	2,223	2,209	966	876	180	179
Long-Term Debt	2,345	1,378	1,374	1,370	0.00	-	-	-
Capital Lease Obligations	204	169	152	-	-	-	90	72
Other Noncurrent Operating Liabilities	319	402	697	839	966	876	90	37
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-752	-166	-309	-294	334	808	677	103
Total Preferred & Common Equity	-752	-166	-309	-294	334	808	677	103
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-752	-166	-309	-294	334	808	677	103
Common Stock	2,404	2,598	2,512	2,448	2,564	2,531	2,338	533
Retained Earnings	-3,147	-2,742	-2,772	-2,739	-2,241	-1,726	-1,660	-1,050
Accumulated Other Comprehensive Income / (Loss)	-10	-22	-49	-2.60	11	3.30	-1.20	4.20

This table presents Dropbox's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,577	2,719	2,798	3,011	2,939	2,994	2,703
Total Current Assets	1,046	1,231	1,339	1,467	1,381	1,400	1,580
Cash & Equivalents	518	515	549	604	510	333	372
Short-Term Investments	373	547	627	705	717	920	1,081
Accounts Receivable	70	67	67	64	60	58	50
Prepaid Expenses	85	102	97	94	93	89	77
Plant, Property, & Equipment, net	346	324	315	299	299	307	281
Total Noncurrent Assets	1,185	1,163	1,144	1,245	1,260	1,287	842
Goodwill	443	412	402	401	402	403	353
Intangible Assets	62	56	52	66	74	81	43
Noncurrent Deferred & Refundable Income Taxes	458	462	461	487	491	495	-
Other Noncurrent Operating Assets	222	234	229	291	293	308	447
Total Liabilities & Shareholders' Equity	2,577	2,719	2,798	3,011	2,939	2,994	2,703
Total Liabilities	3,123	3,090	3,075	3,361	3,351	3,359	3,294
Total Current Liabilities	1,202	1,184	1,167	1,197	1,177	1,153	1,156
Accounts Payable	36	38	32	45	44	39	34
Accrued Expenses	147	152	160	151	151	167	137
Current Deferred Revenue	740	743	742	735	735	728	699
Current Employee Benefit Liabilities	91	67	43	86	67	40	102
Other Current Liabilities	189	185	190	180	181	179	184
Total Noncurrent Liabilities	1,921	1,906	1,908	2,164	2,173	2,206	2,138
Long-Term Debt	1,381	1,380	1,379	1,377	1,376	1,375	1,373
Capital Lease Obligations	189	167	164	153	157	155	133
Other Noncurrent Operating Liabilities	352	359	365	634	640	677	631
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-546	-371	-277	-350	-412	-365	-591
Total Preferred & Common Equity	-546	-371	-277	-350	-412	-365	-591
Total Common Equity	-546	-371	-277	-350	-412	-365	-591
Common Stock	2,455	2,520	2,555	2,561	2,522	2,502	2,439
Retained Earnings	-2,993	-2,873	-2,812	-2,875	-2,896	-2,828	-2,972
Accumulated Other Comprehensive Income / (Loss)	-7.60	-19	-20	-37	-38	-39	-58

This table displays calculated financial ratios and metrics derived from Dropbox's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	1.86%	7.60%	7.74%	12.75%	15.21%	19.37%	25.74%	31.01%	0.00%
EBITDA Growth	-10.66%	91.65%	-20.69%	827.81%	-153.19%	141.23%	-450.74%	1,211.94%	0.00%
EBIT Growth	-7.31%	182.47%	-37.80%	220.88%	-290.54%	86.76%	-384.78%	46.71%	0.00%
NOPAT Growth	-2.13%	-15.32%	69.06%	258.77%	-244.10%	83.70%	-334.48%	41.24%	0.00%
Net Income Growth	-0.29%	-18.00%	64.74%	231.02%	-386.34%	89.13%	-334.11%	46.86%	0.00%
EPS Growth	6.87%	-13.82%	78.82%	237.10%	-376.92%	90.37%	-136.84%	48.65%	0.00%
Operating Cash Flow Growth	14.09%	-1.71%	9.25%	27.86%	8.00%	24.24%	28.79%	30.76%	0.00%
Free Cash Flow Firm Growth	-15.46%	4,823.40%	-96.38%	-33.31%	434.65%	118.19%	-441.21%	0.00%	0.00%
Invested Capital Growth	762.86%	119.28%	80.19%	18.51%	-124.61%	-40.92%	-62.83%	0.00%	0.00%
Revenue Q/Q Growth	0.34%	1.47%	1.45%	2.93%	3.13%	4.41%	5.33%	0.00%	0.00%
EBITDA Q/Q Growth	-20.88%	87.28%	-30.17%	789.69%	-124.81%	3.17%	8.79%	0.00%	0.00%
EBIT Q/Q Growth	-25.66%	185.18%	-47.17%	339.20%	-387.23%	8.90%	5.03%	0.00%	0.00%
NOPAT Q/Q Growth	-22.52%	-15.20%	60.14%	408.85%	-444.90%	6.29%	4.87%	0.00%	0.00%
Net Income Q/Q Growth	-21.58%	-18.21%	58.28%	349.48%	-409.17%	5.22%	5.50%	0.00%	0.00%
EPS Q/Q Growth	-18.60%	-16.56%	63.44%	383.33%	-426.32%	-118.84%	42.31%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	1.53%	0.73%	4.17%	-1.08%	-2.74%	13.56%	14.11%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-17.25%	161.80%	-95.84%	-34.42%	48.97%	284.53%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	59.79%	118.99%	76.39%	11.12%	-109.89%	-30.67%	-6.87%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	82.53%	80.87%	80.89%	79.42%	78.34%	75.26%	71.64%	66.67%	53.76%
EBITDA Margin	26.22%	29.89%	16.78%	22.80%	-3.53%	7.65%	-22.15%	7.94%	0.79%
Operating Margin	19.08%	21.53%	7.80%	12.72%	-14.47%	-4.85%	-35.50%	-10.27%	-22.90%
EBIT Margin	19.46%	21.39%	8.15%	14.11%	-13.16%	-3.88%	-35.01%	-9.08%	-22.32%
Profit (Net Income) Margin	17.75%	18.13%	23.79%	15.56%	-13.39%	-3.17%	-34.84%	-10.09%	-24.88%
Tax Burden Percent	88.72%	81.82%	287.08%	112.20%	102.44%	101.35%	101.00%	100.18%	102.54%
Interest Burden Percent	102.80%	103.63%	101.74%	98.29%	99.33%	80.62%	98.54%	110.95%	108.70%
Effective Tax Rate	11.28%	18.18%	-187.08%	-12.20%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	365.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	369.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-464.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-98.52%	-190.91%	-183.39%	1,683.21%	-44.88%	-7.10%	-124.38%	-108.55%	0.00%
Cash Return on Invested Capital (CROIC)	207.26%	1,180.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	15.72%	17.56%	6.11%	11.12%	-9.90%	-2.94%	-35.90%	-9.85%	0.00%
Return on Assets (ROA)	14.34%	14.89%	17.84%	12.26%	-10.08%	-2.40%	-35.73%	-10.95%	0.00%
Return on Common Equity (ROCE)	-98.52%	-190.91%	-183.39%	1,683.21%	-44.88%	-7.10%	-124.38%	-108.55%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-60.11%	-273.58%	-178.80%	-114.26%	-76.78%	-6.52%	-71.65%	-108.55%	0.00%
Net Operating Profit after Tax (NOPAT)	431	441	520	308	-194	-56	-346	-80	-135
NOPAT Margin	16.93%	17.62%	22.39%	14.27%	-10.13%	-3.39%	-24.85%	-7.19%	-16.03%
Net Nonoperating Expense Percent (NNEP)	-3.63%	-6.90%	39.55%	3.80%	-5.47%	0.35%	-23.55%	-25.12%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	23.89%	31.93%	42.79%	-	-	-	-	-	-
Cost of Revenue to Revenue	17.47%	19.13%	19.11%	20.58%	21.66%	24.74%	28.36%	33.33%	46.24%
SG&A Expenses to Revenue	9.47%	9.48%	9.59%	10.41%	11.90%	14.77%	20.35%	14.21%	12.71%
R&D to Revenue	35.90%	37.44%	38.36%	35.03%	38.01%	39.85%	55.20%	34.36%	34.29%
Operating Expenses to Revenue	63.45%	59.34%	73.10%	66.70%	92.81%	80.11%	107.14%	76.94%	76.67%
Earnings before Interest and Taxes (EBIT)	496	535	189	305	-252	-65	-487	-101	-189
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	668	748	390	492	-68	127	-308	88	6.70
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	27.50	9.20	12.27	7.35	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	144.77	14.13	14.68	0.00	0.00
Price to Revenue (P/Rev)	3.65	4.07	3.49	4.47	4.80	4.48	5.97	0.68	0.89
Price to Earnings (P/E)	20.57	22.47	14.67	28.71	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.86%	4.45%	6.81%	3.48%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	48.57	423.81	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.03	4.15	3.57	4.31	4.21	3.78	5.30	0.45	0.00
Enterprise Value to EBITDA (EV/EBITDA)	15.37	13.89	21.27	18.89	0.00	49.41	0.00	5.69	0.00
Enterprise Value to EBIT (EV/EBIT)	20.71	19.41	43.82	30.51	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	23.80	23.56	15.95	30.18	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	11.48	13.25	10.41	12.73	14.12	11.88	17.35	1.51	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	42.00	35.91	1,413.29	57.33	33.16	138.16	0.00	6.83	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.40	-9.33	-4.93	-4.66	0.00	0.00	0.24	1.69	0.00
Long-Term Debt to Equity	-3.39	-9.33	-4.93	-4.66	0.00	0.00	0.13	0.70	0.00
Financial Leverage	-1.26	-0.78	0.27	-36.82	-2.00	-1.40	-1.52	-2.48	0.00
Leverage Ratio	-6.87	-12.82	-10.28	137.31	4.45	2.96	3.48	9.91	0.00
Compound Leverage Factor	-7.06	-13.29	-10.46	134.96	4.42	2.38	3.43	11.00	0.00
Debt to Total Capital	141.67%	112.01%	125.44%	127.30%	0.00%	0.00%	19.48%	62.88%	0.00%
Short-Term Debt to Total Capital	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%	8.78%	37.05%	0.00%
Long-Term Debt to Total Capital	141.12%	112.01%	125.44%	127.30%	0.00%	0.00%	10.70%	25.83%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-41.67%	-12.01%	-25.44%	-27.30%	100.00%	100.00%	80.52%	37.12%	0.00%
Debt to EBITDA	3.83	2.07	3.91	2.79	0.00	0.00	-0.53	1.98	0.00
Net Debt to EBITDA	1.44	0.25	0.47	-0.71	0.00	0.00	3.00	-2.91	0.00
Long-Term Debt to EBITDA	3.81	2.07	3.91	2.79	0.00	0.00	-0.29	0.81	0.00
Debt to NOPAT	5.93	3.51	2.93	4.45	0.00	0.00	-0.47	-2.19	0.00
Net Debt to NOPAT	2.23	0.43	0.35	-1.13	0.00	0.00	2.68	3.21	0.00
Long-Term Debt to NOPAT	5.91	3.51	2.93	4.45	0.00	0.00	-0.26	-0.90	0.00
Altman Z-Score	1.49	2.21	1.24	1.75	1.89	2.10	3.66	-0.45	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.44	1.26	1.25	1.57	1.13	1.23	1.45	0.70	0.00
Quick Ratio	1.37	1.19	1.17	1.50	1.07	1.18	1.33	0.62	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	244	289	5.87	162	243	45	-250	73	0.00
Operating Cash Flow to CapEx	3,973.78%	3,225.10%	2,358.88%	3,302.26%	712.61%	388.32%	675.24%	1,305.53%	219.27%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.81	0.82	0.75	0.79	0.75	0.76	1.03	1.09	0.00
Accounts Receivable Turnover	36.64	40.84	44.97	46.41	47.79	50.88	48.07	37.77	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.63	8.10	7.38	6.53	4.88	4.40	4.27	3.24	0.00
Accounts Payable Turnover	11.87	12.41	13.82	20.01	13.96	11.11	12.11	11.56	0.00
Days Sales Outstanding (DSO)	9.96	8.94	8.12	7.87	7.64	7.17	7.59	9.66	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	30.75	29.41	26.42	18.24	26.15	32.86	30.15	31.56	0.00
Cash Conversion Cycle (CCC)	-20.79	-20.47	-18.30	-10.38	-18.51	-25.69	-22.55	-21.90	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	211	25	-127	-642	-788	-351	-249	-153	0.00
Invested Capital Turnover	21.60	-48.76	-6.05	-3.02	-3.36	-5.54	-6.93	-14.49	0.00
Increase / (Decrease) in Invested Capital	187	152	515	146	-437	-102	-96	-153	0.00
Enterprise Value (EV)	10,268	10,383	8,300	9,292	8,057	6,279	7,380	500	0.00
Market Capitalization	9,304	10,193	8,118	9,639	9,178	7,438	8,305	756	756
Book Value per Share	($2.43)	($0.48)	($0.85)	($0.75)	$0.81	$1.95	$1.66	$0.53	$0.00
Tangible Book Value per Share	($4.04)	($1.81)	($2.21)	($1.79)	$0.15	$1.27	$1.39	($0.07)	$0.00
Total Capital	1,806	1,381	1,216	1,076	334	808	841	277	0.00
Total Debt	2,558	1,546	1,526	1,370	0.00	0.00	164	174	0.00
Total Long-Term Debt	2,548	1,546	1,526	1,370	0.00	0.00	90	72	0.00
Net Debt	964	190	182	-348	-1,121	-1,159	-926	-256	0.00
Capital Expenditures (CapEx)	23	24	34	22	80	136	63	25	115
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,057	-1,041	-1,050	-1,044	-982	-931	-643	-548	0.00
Debt-free Net Working Capital (DFNWC)	538	315	293	674	140	228	447	-118	0.00
Net Working Capital (NWC)	528	315	293	674	140	228	373	-220	0.00
Net Nonoperating Expense (NNE)	-21	-13	-33	-28	62	-3.65	139	32	75
Net Nonoperating Obligations (NNO)	964	190	182	-348	-1,121	-1,159	-926	-256	0.00
Total Depreciation and Amortization (D&A)	172	213	201	188	184	192	179	188	195
Debt-free, Cash-free Net Working Capital to Revenue	-41.46%	-41.61%	-45.17%	-48.39%	-51.29%	-56.02%	-46.19%	-49.48%	0.00%
Debt-free Net Working Capital to Revenue	21.10%	12.60%	12.62%	31.23%	7.30%	13.75%	32.08%	-10.63%	0.00%
Net Working Capital to Revenue	20.70%	12.60%	12.62%	31.23%	7.30%	13.75%	26.78%	-19.90%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.42	$1.33	$1.53	$0.87	($0.62)	($0.13)	($1.35)	($0.57)	($1.11)
Adjusted Weighted Average Basic Shares Outstanding	318.20M	341.20M	361.20M	388M	414.72M	418.85M	411.27M	195.90M	189.10M
Adjusted Diluted Earnings per Share	$1.40	$1.31	$1.52	$0.85	($0.62)	($0.13)	($1.35)	($0.57)	($1.11)
Adjusted Weighted Average Diluted Shares Outstanding	323.40M	345.60M	363.30M	395.80M	414.72M	418.85M	411.27M	195.90M	189.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($0.62)	($0.13)	($1.35)	($0.57)	($1.11)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	301.75M	343.98M	357.86M	381.65M	414.30M	411.60M	358.60M	195.90M	189.10M
Normalized Net Operating Profit after Tax (NOPAT)	431	314	250	192	85	-56	-346	-80	-135
Normalized NOPAT Margin	16.93%	12.54%	10.73%	8.90%	4.43%	-3.39%	-24.85%	-7.19%	-16.03%
Pre Tax Income Margin	20.01%	22.16%	8.29%	13.87%	-13.07%	-3.13%	-34.50%	-10.07%	-24.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	274.51%	119.03%	143.78%	315.22%	-155.09%	0.00%	-0.93%	-2.24%	0.00%

This table displays calculated financial ratios and metrics derived from Dropbox's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.35%	0.92%	1.93%	3.31%	6.05%	7.11%	8.70%	8.66%	5.89%	7.42%
EBITDA Growth	-55.46%	-5.36%	55.40%	33.29%	1,138.89%	24.69%	-15.74%	-4.63%	-122.17%	16.44%
EBIT Growth	-64.48%	-1.23%	133.09%	71.80%	424.18%	35.23%	-30.53%	-12.08%	-193.92%	24.04%
NOPAT Growth	-56.19%	-6.63%	153.91%	89.67%	496.61%	45.47%	-36.33%	-12.89%	-155.21%	-1.47%
Net Income Growth	-54.77%	-6.49%	155.79%	91.74%	-30.76%	37.14%	-30.32%	-13.43%	163.48%	10.05%
EPS Growth	-49.23%	3.03%	161.54%	95.00%	-28.57%	43.48%	-23.53%	-4.76%	184.38%	21.05%
Operating Cash Flow Growth	6.74%	7.15%	22.92%	25.45%	2.93%	1.79%	-10.62%	-1.06%	19.61%	8.60%
Free Cash Flow Firm Growth	-224.43%	47.02%	75.61%	80.95%	112.54%	-176.97%	-4,223.83%	-121.34%	-1,201.76%	-125.51%
Invested Capital Growth	762.86%	202.56%	206.30%	201.47%	119.28%	76.04%	82.76%	79.47%	80.19%	25.44%
Revenue Q/Q Growth	0.75%	0.68%	0.51%	-0.58%	0.32%	1.69%	1.87%	2.05%	1.32%	3.20%
EBITDA Q/Q Growth	-18.15%	1.94%	-7.67%	-42.18%	73.91%	67.40%	-20.81%	550.65%	-120.87%	13.12%
EBIT Q/Q Growth	-26.84%	0.00%	-10.36%	-45.84%	103.45%	135.99%	-33.93%	202.20%	-184.87%	21.23%
NOPAT Q/Q Growth	-4.83%	-2.17%	-16.40%	-43.71%	102.81%	166.04%	-37.55%	217.70%	-174.39%	16.44%
Net Income Q/Q Growth	-3.66%	-3.44%	-16.48%	-41.80%	99.21%	164.12%	-37.39%	-78.98%	294.59%	34.19%
EPS Q/Q Growth	-2.94%	0.00%	-12.82%	-40.00%	96.97%	153.85%	-35.00%	-78.02%	295.65%	35.29%
Operating Cash Flow Q/Q Growth	-22.03%	18.91%	31.40%	-12.38%	-21.73%	36.41%	34.10%	-28.11%	-22.59%	19.77%
Free Cash Flow Firm Q/Q Growth	43.80%	-38.51%	-117.38%	-173.53%	123.93%	36.23%	-69.79%	51.59%	-428.39%	-1,049.51%
Invested Capital Q/Q Growth	59.79%	16.98%	25.95%	266.53%	118.99%	-21.24%	-20.23%	30.37%	76.39%	12.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.23%	82.55%	83.14%	83.24%	80.79%	81.11%	80.71%	80.89%	80.66%	81.44%
EBITDA Margin	22.00%	27.08%	26.75%	29.11%	50.06%	28.88%	17.54%	22.57%	-5.11%	24.81%
Operating Margin	13.66%	20.01%	20.02%	22.73%	42.11%	20.65%	9.08%	13.76%	-13.43%	15.11%
EBIT Margin	14.65%	20.18%	20.32%	22.78%	41.81%	20.62%	8.88%	13.70%	-13.68%	16.33%
Profit (Net Income) Margin	15.97%	16.70%	17.42%	20.96%	35.80%	18.03%	6.94%	11.29%	54.83%	14.08%
Tax Burden Percent	111.26%	80.41%	82.71%	87.56%	83.47%	84.21%	73.22%	78.77%	-418.75%	84.73%
Interest Burden Percent	97.99%	102.95%	103.65%	105.08%	102.56%	103.83%	106.69%	104.66%	95.73%	101.76%
Effective Tax Rate	-11.26%	19.59%	17.29%	12.44%	16.53%	15.79%	26.78%	21.23%	0.00%	15.27%
Return on Invested Capital (ROIC)	328.27%	24,759.44%	12,521.47%	77,216.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	329.14%	24,760.32%	12,522.86%	77,218.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-413.70%	-24,851.47%	-12,629.98%	-77,374.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-85.43%	-92.03%	-108.51%	-158.33%	-190.91%	-117.80%	-109.70%	-130.96%	-183.39%	-92.72%
Cash Return on Invested Capital (CROIC)	207.26%	223.30%	304.63%	358.62%	1,180.22%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	11.84%	18.34%	18.20%	19.84%	34.33%	17.79%	7.56%	11.12%	-10.26%	12.39%
Return on Assets (ROA)	12.90%	15.18%	15.60%	18.25%	29.39%	15.56%	5.90%	9.17%	41.11%	10.68%
Return on Common Equity (ROCE)	-85.43%	-92.03%	-108.51%	-158.33%	-190.91%	-117.80%	-109.70%	-130.96%	-183.39%	-92.72%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-105.62%	-157.34%	-186.47%	0.00%	-158.32%	-127.14%	-148.55%	0.00%	-59.11%
Net Operating Profit after Tax (NOPAT)	98	103	105	126	223	110	41	66	-56	76
NOPAT Margin	15.19%	16.09%	16.56%	19.90%	35.15%	17.39%	6.65%	10.84%	-9.40%	12.80%
Net Nonoperating Expense Percent (NNEP)	-0.87%	-0.88%	-1.38%	-2.07%	-2.20%	-2.95%	-1.58%	-1.78%	464.75%	2.98%
Return On Investment Capital (ROIC_SIMPLE)	5.42%	-	-	-	16.17%	-	-	-	-4.63%	-
Cost of Revenue to Revenue	18.77%	17.45%	16.86%	16.76%	19.21%	18.89%	19.29%	19.11%	19.34%	18.56%
SG&A Expenses to Revenue	9.77%	9.91%	9.60%	8.57%	9.65%	9.48%	9.64%	9.13%	9.57%	9.61%
R&D to Revenue	37.76%	35.33%	35.79%	34.71%	34.98%	34.19%	42.22%	38.49%	39.83%	38.51%
Operating Expenses to Revenue	67.57%	62.54%	63.12%	60.51%	38.68%	60.46%	71.63%	67.12%	94.09%	66.33%
Earnings before Interest and Taxes (EBIT)	94	129	129	144	266	131	55	84	-82	97
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	142	173	170	184	318	183	109	138	-31	147
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.65	3.26	2.93	3.33	4.07	3.84	3.85	3.26	3.49	3.33
Price to Earnings (P/E)	20.57	14.35	12.70	16.25	22.47	17.08	17.81	14.26	14.67	21.86
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.86%	6.97%	7.87%	6.15%	4.45%	5.86%	5.62%	7.01%	6.81%	4.57%
Enterprise Value to Invested Capital (EV/IC)	48.57	67.68	69.88	97.65	423.81	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.03	3.53	3.12	3.48	4.15	3.93	3.97	3.38	3.57	3.36
Enterprise Value to EBITDA (EV/EBITDA)	15.37	10.60	9.25	11.05	13.89	24.27	26.52	20.90	21.27	13.77
Enterprise Value to EBIT (EV/EBIT)	20.71	13.42	11.82	14.74	19.41	51.66	62.70	45.05	43.82	21.46
Enterprise Value to NOPAT (EV/NOPAT)	23.80	16.08	14.01	17.53	23.56	18.65	20.47	15.66	15.95	23.67
Enterprise Value to Operating Cash Flow (EV/OCF)	11.48	10.17	9.17	10.70	13.25	12.46	12.45	10.07	10.41	10.05
Enterprise Value to Free Cash Flow (EV/FCFF)	42.00	30.31	22.94	27.23	35.91	87.75	0.00	47.40	1,413.29	54.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.40	-2.87	-4.17	-5.57	-9.33	-4.37	-3.72	-4.19	-4.93	-2.55
Long-Term Debt to Equity	-3.39	-2.87	-4.17	-5.57	-9.33	-4.37	-3.72	-4.19	-4.93	-2.55
Financial Leverage	-1.26	-1.00	-1.01	-1.00	-0.78	-0.29	-0.24	-0.37	0.27	0.67
Leverage Ratio	-6.87	-6.23	-7.22	-9.02	-12.82	-6.07	-5.97	-7.06	-10.28	-8.01
Compound Leverage Factor	-6.73	-6.42	-7.49	-9.47	-13.15	-6.30	-6.37	-7.38	-9.84	-8.16
Debt to Total Capital	141.67%	153.38%	131.58%	121.90%	112.01%	129.69%	136.74%	131.36%	125.44%	164.62%
Short-Term Debt to Total Capital	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	141.12%	153.38%	131.58%	121.90%	112.01%	129.69%	136.74%	131.36%	125.44%	164.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-41.67%	-53.38%	-31.58%	-21.90%	-12.01%	-29.69%	-36.74%	-31.36%	-25.44%	-64.62%
Debt to EBITDA	3.83	1.86	1.81	1.94	2.07	3.83	4.22	3.99	3.91	2.70
Net Debt to EBITDA	1.44	0.80	0.57	0.46	0.25	0.55	0.84	0.72	0.47	0.09
Long-Term Debt to EBITDA	3.81	1.86	1.81	1.94	2.07	3.83	4.22	3.99	3.91	2.70
Debt to NOPAT	5.93	2.82	2.74	3.08	3.51	2.94	3.26	2.99	2.93	4.63
Net Debt to NOPAT	2.23	1.22	0.86	0.73	0.43	0.43	0.65	0.54	0.35	0.16
Long-Term Debt to NOPAT	5.91	2.82	2.74	3.08	3.51	2.94	3.26	2.99	2.93	4.63
Altman Z-Score	1.09	1.04	1.07	1.38	1.91	1.42	1.26	1.04	0.95	1.01
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.44	0.87	1.04	1.15	1.26	1.23	1.17	1.21	1.25	1.37
Quick Ratio	1.37	0.80	0.95	1.07	1.19	1.15	1.09	1.14	1.17	1.30
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-89	-159	-114	-53	72	-299	-469	-276	-571	-108
Operating Cash Flow to CapEx	6,478.79%	6,687.80%	3,908.47%	1,907.61%	2,003.00%	2,722.34%	6,253.33%	7,363.16%	1,508.53%	4,054.84%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.81	0.91	0.90	0.87	0.82	0.86	0.85	0.81	0.75	0.76
Accounts Receivable Turnover	36.64	38.02	39.78	40.58	40.84	43.33	45.30	46.45	44.97	50.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.63	7.87	8.14	8.11	8.10	8.50	8.15	7.62	7.38	7.31
Accounts Payable Turnover	11.87	11.06	11.07	13.24	12.41	11.87	12.40	14.23	13.82	15.48
Days Sales Outstanding (DSO)	9.96	9.60	9.18	9.00	8.94	8.42	8.06	7.86	8.12	7.22
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	30.75	33.00	32.97	27.56	29.41	30.76	29.44	25.66	26.42	23.58
Cash Conversion Cycle (CCC)	-20.79	-23.40	-23.80	-18.57	-20.47	-22.33	-21.39	-17.80	-18.30	-16.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	211	132	113	90	25	-129	-106	-89	-127	-538
Invested Capital Turnover	21.60	1,539.15	756.36	3,879.69	-48.76	-7.39	-6.70	-9.14	-6.05	-3.64
Increase / (Decrease) in Invested Capital	187	261	220	178	152	409	511	343	515	184
Enterprise Value (EV)	10,268	8,954	7,904	8,769	10,383	9,692	9,631	8,014	8,300	7,695
Market Capitalization	9,304	8,275	7,419	8,402	10,193	9,471	9,326	7,737	8,118	7,642
Book Value per Share	($2.43)	($1.68)	($1.12)	($0.83)	($0.48)	($1.01)	($1.18)	($1.02)	($0.85)	($1.60)
Tangible Book Value per Share	($4.04)	($3.23)	($2.54)	($2.18)	($1.81)	($2.35)	($2.54)	($2.37)	($2.21)	($2.67)
Total Capital	1,806	1,023	1,176	1,266	1,381	1,180	1,121	1,165	1,216	915
Total Debt	2,558	1,569	1,547	1,543	1,546	1,530	1,533	1,530	1,526	1,506
Total Long-Term Debt	2,548	1,569	1,547	1,543	1,546	1,530	1,533	1,530	1,526	1,506
Net Debt	964	678	484	367	190	221	306	277	182	53
Capital Expenditures (CapEx)	3.30	4.10	5.90	9.20	10	9.40	3.00	1.90	13	6.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,057	-1,047	-1,015	-1,004	-1,041	-1,039	-1,024	-1,006	-1,050	-1,030
Debt-free Net Working Capital (DFNWC)	538	-157	47	172	315	270	203	247	293	423
Net Working Capital (NWC)	528	-157	47	172	315	270	203	247	293	423
Net Nonoperating Expense (NNE)	-5.01	-3.94	-5.46	-6.65	-4.09	-4.04	-1.83	-2.76	-385	-7.54
Net Nonoperating Obligations (NNO)	964	678	484	367	190	221	306	277	182	53
Total Depreciation and Amortization (D&A)	47	44	41	40	52	52	54	54	51	50
Debt-free, Cash-free Net Working Capital to Revenue	-41.46%	-41.24%	-40.06%	-39.79%	-41.61%	-42.13%	-42.26%	-42.38%	-45.17%	-44.95%
Debt-free Net Working Capital to Revenue	21.10%	-6.17%	1.87%	6.84%	12.60%	10.96%	8.39%	10.41%	12.62%	18.47%
Net Working Capital to Revenue	20.70%	-6.17%	1.87%	6.84%	12.60%	10.96%	8.39%	10.41%	12.62%	18.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.34	$0.34	$0.34	$0.40	$0.66	$0.34	$0.13	$0.20	$0.91	$0.23
Adjusted Weighted Average Basic Shares Outstanding	318.20M	314.50M	322.40M	334.80M	341.20M	339.20M	341.40M	347.10M	361.20M	358.10M
Adjusted Diluted Earnings per Share	$0.33	$0.34	$0.34	$0.39	$0.65	$0.33	$0.13	$0.20	$0.91	$0.23
Adjusted Weighted Average Diluted Shares Outstanding	323.40M	316.40M	323.70M	340.70M	345.60M	346M	343.80M	348.80M	363.30M	360.10M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	301.75M	309.73M	325.42M	330.19M	343.98M	345.76M	347.80M	349.67M	357.86M	362.74M
Normalized Net Operating Profit after Tax (NOPAT)	62	103	105	126	223	110	43	66	-56	79
Normalized NOPAT Margin	9.56%	16.09%	16.56%	19.90%	35.15%	17.39%	6.90%	10.84%	-9.40%	13.38%
Pre Tax Income Margin	14.36%	20.77%	21.06%	23.93%	42.88%	21.41%	9.48%	14.33%	-13.09%	16.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	274.51%	172.42%	128.36%	124.57%	119.03%	109.63%	128.95%	131.04%	143.78%	262.06%

Frequently Asked Questions About Dropbox's Financials

When does Dropbox's financial year end?

According to the most recent income statement we have on file, Dropbox's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Dropbox's net income changed over the last 8 years?

Dropbox's net income appears to be on an upward trend, with a most recent value of $452.30 million in 2024, falling from -$210.20 million in 2016. The previous period was $453.60 million in 2023. Check out Dropbox's forecast to explore projected trends and price targets.

What is Dropbox's operating income?

Dropbox's total operating income in 2024 was $486.20 million, based on the following breakdown:

Total Gross Profit: $2.10 billion
Total Operating Expenses: $1.62 billion

How has Dropbox revenue changed over the last 8 years?

Over the last 8 years, Dropbox's total revenue changed from $844.80 million in 2016 to $2.55 billion in 2024, a change of 201.6%.

How much debt does Dropbox have?

Dropbox's total liabilities were at $4.08 billion at the end of 2024, a 29.5% increase from 2023, and a 344.7% increase since 2017.

How much cash does Dropbox have?

In the past 7 years, Dropbox's cash and equivalents has ranged from $232.80 million in 2022 to $1.33 billion in 2024, and is currently $1.33 billion as of their latest financial filing in 2024.

How has Dropbox's book value per share changed over the last 8 years?

Over the last 8 years, Dropbox's book value per share changed from 0.00 in 2016 to -2.43 in 2024, a change of -242.9%.

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This page (NASDAQ:DBX) was last updated on 5/29/2025 by MarketBeat.com Staff

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Dropbox (DBX) Financials

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Dropbox (DBX) Financials

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