DROPBOX, INC.
DBXOther · Large accelerated filer · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $2.52B | $2.55B | $2.50B | $2.32B | $2.16B | $1.91B |
| Operating income | $689.1M | $486.2M | $538.7M | $181.3M | $274.4M | −$277.0M |
| Net income | $508.4M | $452.3M | $453.6M | $553.2M | $335.8M | −$256.3M |
| Total assets | $2.84B | $3.33B | $2.98B | $3.11B | $3.09B | $2.39B |
| Total liabilities | $4.64B | $4.08B | $3.15B | $3.42B | $3.39B | $2.05B |
| Equity | −$1.80B | −$752.4M | −$165.8M | −$309.4M | −$293.9M | $333.8M |
| EPS (diluted) | $1.86 | $1.40 | $1.31 | $1.52 | $0.85 | $-0.62 |
| Shares out. | 272.8M | 323.4M | 345.6M | 363.3M | 395.8M | 414.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 27.3%
- Net margin
- 20.2%
- Return on equity
- −28.3%
- Return on assets
- 17.9%
- Return on capital (ROCE)
- 72.4%
- Liabilities / assets
- 163.2%
- Debt / equity
- —
- Book value / share
- $-6.59
- Revenue growth (YoY)
- −1.1%
- Net income growth (YoY)
- 12.4%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -4.77distress
- Accruals / assets
- −15.6%clean
- Beneish M-Score
- -3.10normal
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 2 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Arrowstreet Capital, Limited PartnershipPassive (13G)May 15, 2026
- Houston AndrewPassive (13G)May 1, 2026
- Vanguard Portfolio Management LlcPassive (13G)Apr 29, 2026
- Vanguard Capital Management LlcPassive (13G)Apr 29, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Renaissance Technologies LlcPassive (13G)Feb 12, 2026
- Lsv Asset ManagementPassive (13G)Nov 7, 2025
- Ameriprise Financial IncPassive (13G)Aug 14, 2025
- Blackrock, Inc.Passive (13G)Apr 23, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 26.9M | 5.8 | +6.8% |
| Apr 30, 2026 | 25.2M | 8.4 | -3.9% |
| Apr 15, 2026 | 26.2M | 7.5 | -4.8% |
| Mar 31, 2026 | 27.5M | 8.2 | +5.1% |
| Mar 13, 2026 | 26.2M | 7.3 | -4.1% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligation · Regulation FD disclosure · Other material eventJun 1, 2026
- Shareholder voteMay 26, 2026
- Director / officer change · Regulation FD disclosureMay 26, 2026
- Results of operations · Regulation FD disclosureMay 7, 2026
- Results of operations · Regulation FD disclosureFeb 19, 2026
- Director / officer change · Regulation FD disclosureDec 10, 2025
- Results of operations · Regulation FD disclosureNov 6, 2025
- Entered a material agreement · New financial obligation · Regulation FD disclosure · Other material eventSep 9, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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