(DBX) Dropbox - Overview

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

Stock: Cloud Storage, File Sharing, Collaboration Tools

Total Rating 37
Risk 30
Buy Signal -1.14

EPS (Earnings per Share)

EPS (Earnings per Share) of DBX over the last years for every Quarter: "2020-12": 0.28, "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,

Revenue

Revenue of DBX over the last years for every Quarter: 2020-12: 504.1, 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: 634.4, 2025-09: 634.4,
Risk 5d forecast
Volatility 28.4%
Relative Tail Risk -2.05%
Reward TTM
Sharpe Ratio -0.86
Alpha -36.76
Character TTM
Beta 0.828
Beta Downside 0.800
Drawdowns 3y
Max DD 37.39%
CAGR/Max DD 0.03

Description: DBX Dropbox January 06, 2026

Dropbox, Inc. (NASDAQ: DBX) operates a cloud-based content collaboration platform that serves individuals, families, teams, and enterprises across a broad range of industries-including professional services, technology, media, education, industrial, consumer-retail, and financial services. Users can sign up for a free tier and upgrade to paid subscriptions for premium features such as advanced security, admin controls, and increased storage. The company, originally incorporated in 2007 as Evenflow, Inc., rebranded to Dropbox in October 2009 and is headquartered in San Francisco, California.

As of FY 2024, Dropbox reported revenue of roughly $2.2 billion, reflecting a year-over-year increase of about 14 % driven largely by growth in its paid user base, now estimated at ≈ 15 million subscribers. The firm’s churn rate for paid plans has stabilized near 5 %, and its operating margin has improved modestly after a multi-year investment in AI-enhanced collaboration tools (e.g., “Dropbox Spaces”). A key sector driver is the continued expansion of enterprise SaaS spending, which the IDC forecasts to grow at ~10 % annually, supporting higher adoption of integrated workflow solutions.

If you want a deeper, data-centric view of Dropbox’s valuation dynamics, a quick look at the ValueRay platform can help you surface the most relevant metrics and scenario analyses.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income: 500.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.33 > 0.02 and ΔFCF/TA -0.25 > 1.0
NWC/Revenue: -32.34% < 20% (prev -6.17%; Δ -26.17% < -1%)
CFO/TA 0.33 > 3% & CFO 930.2m > Net Income 500.7m
Net Debt (1.77b) to EBITDA (578.2m): 3.06 < 3
Current Ratio: 0.57 > 1.5 & < 3
Outstanding Shares: last quarter (255.5m) vs 12m ago -19.25% < -2%
Gross Margin: 80.53% > 18% (prev 0.82%; Δ 7970 % > 0.5%)
Asset Turnover: 94.45% > 50% (prev 98.56%; Δ -4.11% > 0%)
Interest Coverage Ratio: 6.99 > 6 (EBITDA TTM 578.2m / Interest Expense TTM 66.1m)

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 -3.63b / Total Assets 2.80b)
C: 0.17 (EBIT TTM 462.3m / Avg Total Assets 2.69b)
D: -0.84 (Book Value of Equity -3.63b / Total Liabilities 4.33b)
Altman-Z'' Score: -5.89 = D

Beneish M -3.14

DSRI: 1.06 (Receivables 73.9m/69.5m, Revenue 2.54b/2.54b)
GMI: 1.02 (GM 80.53% / 82.43%)
AQI: 0.96 (AQ_t 0.38 / AQ_t-1 0.39)
SGI: 1.00 (Revenue 2.54b / 2.54b)
TATA: -0.15 (NI 500.7m - CFO 930.2m) / TA 2.80b)
Beneish M-Score: -3.14 (Cap -4..+1) = AA

What is the price of DBX shares?

As of February 07, 2026, the stock is trading at USD 24.44 with a total of 6,027,538 shares traded.
Over the past week, the price has changed by -5.38%, over one month by -9.35%, over three months by -16.10% and over the past year by -25.10%.

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?

Issuer Target Up/Down from current
Wallstreet Target Price 28.6 16.9%
Analysts Target Price 28.6 16.9%
ValueRay Target Price 22.4 -8.3%

DBX Fundamental Data Overview February 03, 2026

P/E Trailing = 14.6437
P/E Forward = 8.5324
P/S = 2.6355
P/B = 29.8101
P/EG = 1.6415
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 = 8.93b USD (6.66b + Debt 3.00b - CCE 730.7m)
Interest Coverage Ratio = 6.99 (Ebit TTM 462.3m / Interest Expense TTM 66.1m)
EV/FCF = 9.74x (Enterprise Value 8.93b / FCF TTM 916.4m)
FCF Yield = 10.26% (FCF TTM 916.4m / Enterprise Value 8.93b)
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 = 3.19 (Enterprise Value 8.93b / 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 = 18.64% (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 = 6.42% (E(6.66b)/V(9.66b) * Re(8.97%) + D(3.00b)/V(9.66b) * Rd(0.94%) * (1-Tc(0.21)))
Discount Rate = 8.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -13.81%
[DCF Debug] Terminal Value 84.94% ; FCFF base≈890.3m ; Y1≈952.2m ; Y5≈1.15b
Fair Price DCF = 156.8 (EV 29.11b - Net Debt 1.77b = Equity 27.34b / Shares 174.4m; r=6.42% [WACC]; 5y FCF grow 7.78% → 2.90% )
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=0.73 | Chg30d=-0.005 | Revisions Net=+2 | Analysts=7
EPS next Year (2026-12-31): EPS=2.99 | Chg30d=-0.008 | Revisions Net=+4 | Growth EPS=+6.2% | Growth Revenue=-0.8%

Additional Sources for DBX Stock

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