(DBX) Dropbox - Overview

Sector: Technology | Industry: Software - Infrastructure | Exchange: NASDAQ (USA) | Market Cap: 5.547m USD | Total Return: -15.1% in 12m

Stock Cloud Storage, File Sharing, Collaboration Tools, Digital Workspace
Total Rating 43
Risk 33
Buy Signal -0.11
Software - Infrastructure +9.5
Application Software +5.2
Market Cap: 5,547m
Avg Trading Vol: 81.5M USD
ATR: 3.66%
Peers RS (IBD): 68.4
Risk 5d forecast
Volatility28.8%
Rel. Tail Risk-1.95%
Reward TTM
Sharpe Ratio-0.58
Alpha-30.89
Character TTM
Beta0.862
Beta Downside1.507
Drawdowns 3y
Max DD37.39%
CAGR/Max DD0.06
EPS (Earnings per Share) EPS (Earnings per Share) of DBX over the last years for every Quarter: "2021-03": 0.35, "2021-06": 0.4, "2021-09": 0.37, "2021-12": 0.41, "2022-03": 0.38, "2022-06": 0.38, "2022-09": 0.43, "2022-12": 0.4, "2023-03": 0.42, "2023-06": 0.51, "2023-09": 0.56, "2023-12": 0.5, "2024-03": 0.58, "2024-06": 0.6, "2024-09": 0.6, "2024-12": 0.73, "2025-03": 0.7, "2025-06": 0.71, "2025-09": 0.74, "2025-12": 0.68, "2026-03": 0,
EPS CAGR: -41.91%
EPS Trend: 20.1%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of DBX over the last years for every Quarter: 2021-03: 511.6, 2021-06: 530.6, 2021-09: 550.2, 2021-12: 565.5, 2022-03: 562.4, 2022-06: 572.7, 2022-09: 591, 2022-12: 598.8, 2023-03: 611.1, 2023-06: 622.5, 2023-09: 633, 2023-12: 635, 2024-03: 631.3, 2024-06: 634.5, 2024-09: 638.8, 2024-12: 643.6, 2025-03: 624.7, 2025-06: 625.7, 2025-09: 634.4, 2025-12: 636.2, 2026-03: null,
Rev. CAGR: 3.34%
Rev. Trend: 80.5%
Last SUE: 3.80
Qual. Beats: 5
Description: DBX Dropbox

Dropbox, Inc. (DBX) offers a content collaboration platform globally. This software as a service (SaaS) model provides both free and subscription-based access to features like content organization and sharing.

The company serves diverse sectors, including technology, education, and financial services. Its platform integrates various tools to facilitate teamwork and content management.

For further in-depth analysis, consider exploring ValueRays comprehensive reports.

Headlines to Watch Out For
  • Subscription growth drives recurring revenue
  • Enterprise adoption expands customer base
  • Competition from cloud storage providers intensifies
  • Data privacy regulations increase compliance costs
  • Macroeconomic slowdown impacts small business spending
Piotroski VR‑10 (Strict) 8.5
Net Income: 508.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.32 > 0.02 and ΔFCF/TA 5.71 > 1.0
NWC/Revenue: -28.56% < 20% (prev 20.70%; Δ -49.27% < -1%)
CFO/TA 0.33 > 3% & CFO 951.8m > Net Income 508.4m
Net Debt (3.05b) to EBITDA (881.9m): 3.46 < 3
Current Ratio: 0.62 > 1.5 & < 3
Outstanding Shares: last quarter (254.2m) vs 12m ago -17.14% < -2%
Gross Margin: 80.14% > 18% (prev 0.83%; Δ 7.93k% > 0.5%)
Asset Turnover: 80.78% > 50% (prev 76.63%; Δ 4.15% > 0%)
Interest Coverage Ratio: 6.31 > 6 (EBITDA TTM 881.9m / Interest Expense TTM 114.8m)
Altman Z'' -5.17
A: -0.25 (Total Current Assets 1.17b - Total Current Liabilities 1.89b) / Total Assets 2.92b
B: -1.31 (Retained Earnings -3.82b / Total Assets 2.92b)
C: 0.23 (EBIT TTM 724.6m / Avg Total Assets 3.12b)
D: -0.81 (Book Value of Equity -3.81b / Total Liabilities 4.71b)
Altman-Z'' Score: -5.17 = D
Beneish M -2.95
DSRI: 1.14 (Receivables 79.1m/70.4m, Revenue 2.52b/2.55b)
GMI: 1.03 (GM 80.14% / 82.53%)
AQI: 1.17 (AQ_t 0.38 / AQ_t-1 0.32)
SGI: 0.99 (Revenue 2.52b / 2.55b)
TATA: -0.15 (NI 508.4m - CFO 951.8m) / TA 2.92b)
Beneish M-Score: -2.95 (Cap -4..+1) = A
What is the price of DBX shares? As of April 02, 2026, the stock is trading at USD 22.72 with a total of 2,337,078 shares traded.
Over the past week, the price has changed by +1.63%, over one month by -7.57%, over three months by -14.33% and over the past year by -15.12%.
Is DBX a buy, sell or hold? Dropbox has received a consensus analysts rating of 2.83. Therefor, it is recommend to hold DBX.
  • StrongBuy: 0
  • Buy: 1
  • Hold: 8
  • Sell: 3
  • StrongSell: 0
What are the forecasts/targets for the DBX price?
Wallstreet Target Price 25.5 12.2%
Analysts Target Price 25.5 12.2%
DBX Fundamental Data Overview as of 31 March 2026
P/E Trailing = 11.9086
P/E Forward = 7.5188
P/S = 2.2003
P/B = 29.8101
P/EG = 10.7446
Revenue TTM = 2.52b USD
EBIT TTM = 724.6m USD
EBITDA TTM = 881.9m USD
Long Term Debt = 2.12b USD (from longTermDebt, last quarter)
Short Term Debt = 906.0m USD (from shortTermDebt, last quarter)
Debt = 3.94b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.05b USD (from netDebt column, last quarter)
Enterprise Value = 8.45b USD (5.55b + Debt 3.94b - CCE 1.04b)
Interest Coverage Ratio = 6.31 (Ebit TTM 724.6m / Interest Expense TTM 114.8m)
EV/FCF = 9.08x (Enterprise Value 8.45b / FCF TTM 930.8m)
FCF Yield = 11.01% (FCF TTM 930.8m / Enterprise Value 8.45b)
FCF Margin = 36.92% (FCF TTM 930.8m / Revenue TTM 2.52b)
Net Margin = 20.17% (Net Income TTM 508.4m / Revenue TTM 2.52b)
Gross Margin = 80.14% ((Revenue TTM 2.52b - Cost of Revenue TTM 500.7m) / Revenue TTM)
Gross Margin QoQ = 79.24% (prev 79.78%)
Tobins Q-Ratio = 2.90 (Enterprise Value 8.45b / Total Assets 2.92b)
Interest Expense / Debt = 0.81% (Interest Expense 32.1m / Debt 3.94b)
Taxrate = 24.04% (34.4m / 143.1m)
NOPAT = 550.4m (EBIT 724.6m * (1 - 24.04%))
Current Ratio = 0.62 (Total Current Assets 1.17b / Total Current Liabilities 1.89b)
 Debt / Equity = -2.19 (negative equity) (Debt 3.94b / totalStockholderEquity, last quarter -1.80b)
 Debt / EBITDA = 3.46 (Net Debt 3.05b / EBITDA 881.9m)
Debt / FCF = 3.28 (Net Debt 3.05b / FCF TTM 930.8m)
Total Stockholder Equity = -1.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 16.29% (Net Income 508.4m / Total Assets 2.92b)
 RoE = -35.62% (negative equity) (Net Income TTM 508.4m / Total Stockholder Equity -1.43b)
 RoCE = 104.1% (EBIT 724.6m / Capital Employed (Equity -1.43b + L.T.Debt 2.12b))
RoIC = 50.84% (NOPAT 550.4m / Invested Capital 1.08b)
WACC = 5.52% (E(5.55b)/V(9.49b) * Re(9.01%) + D(3.94b)/V(9.49b) * Rd(0.81%) * (1-Tc(0.24)))
Discount Rate = 9.01% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -14.03%
[DCF] Terminal Value 86.94% ; FCFF base≈907.1m ; Y1≈966.2m ; Y5≈1.16b
[DCF] Fair Price = 198.6 (EV 34.32b - Net Debt 3.05b = Equity 31.27b / Shares 157.4m; r=6.0% [WACC]; 5y FCF grow 7.23% → 3.0% )
EPS Correlation: 20.10 | EPS CAGR: -41.91% | SUE: -4.0 | # QB: 0
Revenue Correlation: 80.49 | Revenue CAGR: 3.34% | SUE: 3.80 | # QB: 5
EPS next Quarter (2026-06-30): EPS=0.74 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=6
EPS current Year (2026-12-31): EPS=2.98 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+4.8% | Growth Revenue=-0.9%
EPS next Year (2027-12-31): EPS=3.37 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+13.2% | Growth Revenue=-0.7%
[Analyst] Revisions Ratio: -0.20 (2 Up / 3 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 0.6% (Discount Rate 9.0% - Earnings Yield 8.4%)
[Growth] Growth Spread = -1.3% (Analyst -0.7% - Implied 0.6%)
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