Overview Dividends

(DBX) Dropbox - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US26210C1045

Cloud Storage, File Sync, Team Collaboration, E-Sign

Application Software
Market Cap in USD: 7,349m

IPO / Inception: 2018-03-23
Return 12m vs S&P 500: -20.3%

EPS (Earnings per Share)

EPS CAGR: 17.05%
EPS Trend: 96.1%

Last SUE: 3.74
Qual. Beats: 7

Revenue

Rev. CAGR: 3.11%
Rev. Trend: 86.7%

Last SUE: 2.49
Qual. Beats: 4

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	27.4%
Value at Risk 5%th	43.9%
Relative Tail Risk	-2.65%

Reward TTM
Sharpe Ratio	-0.23
Alpha	-22.60
CAGR/Max DD	0.21

Character TTM
Hurst Exponent	0.393
Beta	0.807
Beta Downside	0.794

Drawdowns 3y
Max DD	37.39%
Mean DD	13.99%
Median DD	13.15%

Description: DBX Dropbox November 03, 2025

Dropbox, Inc. (NASDAQ:DBX) operates a cloud-based content collaboration platform that lets individuals, families, teams, and organizations store, share, and co-edit files. Users can sign up for free and upgrade to paid plans that unlock premium features such as advanced admin controls, increased storage, and integrated e-signatures. The service is deployed across a broad set of verticals-including professional services, technology, media, education, industrial, consumer-retail, and financial services-and is headquartered in San Francisco, California.

Key recent metrics: FY 2023 revenue reached $2.2 billion, with subscription revenue growing ≈ 14 % YoY and an annual churn rate of roughly 4 % among paid users. The company’s operating margin has improved to about 10 % as it scales enterprise contracts, while the broader cloud-storage market is projected to expand at a CAGR of ≈ 15 % through 2028, driven by remote-work adoption and AI-enhanced workflow automation. Competitive pressure remains high from integrated suites such as Google Drive and Microsoft OneDrive, prompting Dropbox to double-down on AI-driven collaboration tools and tighter security integrations.

If you want a data-rich, side-by-side comparison of Dropbox’s valuation and growth outlook versus its peers, the analyst dashboards on ValueRay provide a useful next step for deeper research.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (500.7m TTM) > 0 and > 6% of Revenue (6% = 152.2m TTM)

FCFTA 0.33 (>2.0%) and ΔFCFTA -0.25pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -32.34% (prev -6.17%; Δ -26.17pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.33 (>3.0%) and CFO 930.2m > Net Income 500.7m (YES >=105%, WARN >=100%)

Net Debt (1.77b) to EBITDA (578.2m) ratio: 3.06 <= 3.0 (WARN <= 3.5)

Current Ratio 0.57 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (255.5m) change vs 12m ago -19.25% (target <= -2.0% for YES)

Gross Margin 80.53% (prev 82.43%; Δ -1.90pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 94.45% (prev 98.56%; Δ -4.11pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 6.99 (EBITDA TTM 578.2m / Interest Expense TTM 66.1m) >= 6 (WARN >= 3)

Altman Z'' -5.89

(A) -0.29 = (Total Current Assets 1.08b - Total Current Liabilities 1.90b) / Total Assets 2.80b

(B) -1.30 = Retained Earnings (Balance) -3.63b / Total Assets 2.80b

warn (B) unusual magnitude: -1.30 — check mapping/units

(D) -0.84 = Book Value of Equity -3.63b / Total Liabilities 4.33b

Total Rating: -5.89 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 79.73

1. Piotroski 5.50pt

2. FCF Yield 9.53%

3. FCF Margin 36.12%

4. Debt/Equity -1.96

5. Debt/Ebitda 3.06

6. ROIC - WACC (= 23.14)%

7. RoE -40.95%

8. Rev. Trend 86.70%

9. EPS Trend 96.05%

What is the price of DBX shares?

As of January 02, 2026, the stock is trading at USD 27.80 with a total of 3,224,807 shares traded.
Over the past week, the price has changed by -0.71%, over one month by -5.18%, over three months by -5.83% and over the past year by -5.95%.

Is DBX a buy, sell or hold?

Dropbox has received a consensus analysts rating of 2.83. Therefor, it is recommend to hold DBX.

Strong Buy: 0
Buy: 1
Hold: 8
Sell: 3
Strong Sell: 0

What are the forecasts/targets for the DBX price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	28.3	1.6%
Analysts Target Price	28.3	1.6%
ValueRay Target Price	28.3	1.8%

DBX Fundamental Data Overview December 27, 2025

Market Cap USD = 7.35b (7.35b USD * 1.0 USD.USD)
P/E Trailing = 15.9659
P/E Forward = 9.2851
P/S = 2.9065
P/B = 29.8101
P/EG = 1.7858
Beta = 0.636
Revenue TTM = 2.54b USD
EBIT TTM = 462.3m USD
EBITDA TTM = 578.2m USD
Long Term Debt = 1.79b USD (from longTermDebt, last quarter)
Short Term Debt = 706.4m USD (from shortLongTermDebt, last quarter)
Debt = 3.00b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 1.77b USD (from netDebt column, last quarter)
Enterprise Value = 9.61b USD (7.35b + Debt 3.00b - CCE 730.7m)
Interest Coverage Ratio = 6.99 (Ebit TTM 462.3m / Interest Expense TTM 66.1m)
FCF Yield = 9.53% (FCF TTM 916.4m / Enterprise Value 9.61b)
FCF Margin = 36.12% (FCF TTM 916.4m / Revenue TTM 2.54b)
Net Margin = 19.74% (Net Income TTM 500.7m / Revenue TTM 2.54b)
Gross Margin = 80.53% ((Revenue TTM 2.54b - Cost of Revenue TTM 494.1m) / Revenue TTM)
Gross Margin QoQ = 79.78% (prev 79.78%)
Tobins Q-Ratio = 3.44 (Enterprise Value 9.61b / Total Assets 2.80b)
Interest Expense / Debt = 0.94% (Interest Expense 28.1m / Debt 3.00b)
Taxrate = 21.25% (33.4m / 157.2m)
NOPAT = 364.1m (EBIT 462.3m * (1 - 21.25%))
Current Ratio = 0.57 (Total Current Assets 1.08b / Total Current Liabilities 1.90b)
Debt / Equity = -1.96 (negative equity) (Debt 3.00b / totalStockholderEquity, last quarter -1.53b)
Debt / EBITDA = 3.06 (Net Debt 1.77b / EBITDA 578.2m)
Debt / FCF = 1.93 (Net Debt 1.77b / FCF TTM 916.4m)
Total Stockholder Equity = -1.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.91% (Net Income 500.7m / Total Assets 2.80b)
RoE = -40.95% (negative equity) (Net Income TTM 500.7m / Total Stockholder Equity -1.22b)
RoCE = 81.21% (EBIT 462.3m / Capital Employed (Equity -1.22b + L.T.Debt 1.79b))
RoIC = 29.74% (NOPAT 364.1m / Invested Capital 1.22b)
WACC = 6.60% (E(7.35b)/V(10.35b) * Re(8.99%) + D(3.00b)/V(10.35b) * Rd(0.94%) * (1-Tc(0.21)))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -13.81%
[DCF Debug] Terminal Value 75.97% ; FCFE base≈890.3m ; Y1≈952.3m ; Y5≈1.16b
Fair Price DCF = 97.55 (DCF Value 17.01b / Shares Outstanding 174.4m; 5y FCF grow 7.78% → 3.0% )
EPS Correlation: 96.05 | EPS CAGR: 17.05% | SUE: 3.74 | # QB: 7
Revenue Correlation: 86.70 | Revenue CAGR: 3.11% | SUE: 2.49 | # QB: 4
EPS next Quarter (2026-03-31): EPS=0.74 | Chg30d=+0.011 | Revisions Net=+2 | Analysts=8
EPS next Year (2026-12-31): EPS=2.99 | Chg30d=+0.005 | Revisions Net=+4 | Growth EPS=+6.6% | Growth Revenue=-0.9%

Additional Sources for DBX Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle