Cash flow Dropbox, Inc.

Equities

DBX

US26210C1045

Software

Market Closed - Nasdaq Other stock markets 04:00:00 2026-01-16 pm EST			5-day change	1st Jan Change
26.13 ^USD	-1.43%		-4.22%	-6.01%

Jan. 13	Dropbox Insider Sold Shares Worth $1,651,456, According to a Recent SEC Filing	MT
Jan. 05	RBC Cuts Price Target on Dropbox to $35 From $38, Keeps Outperform Rating	MT

802b9a9ef9d5c78dcde691331111.O8Zws6tE0g6DbGv2Uun4TzFRIHwl0drWbBV2_HDF4zk.XYEb2d8qplrxKTS9HrOgHxwLZA1h4LaUVGQzsF3xlwp_kRH0yhyaXrUHHA

Published financial data: DROPBOX, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.91B	2.16B	2.32B	2.5B	2.55B
Total Revenues	1.91B	2.16B	2.32B	2.5B	2.55B
Cost of Goods Sold, Total	415M	444M	444M	478M	443M
Gross Profit	1.5B	1.71B	1.88B	2.02B	2.11B
Selling General & Admin Expenses, Total	651M	649M	631M	703M	687M
R&D Expenses	728M	756M	892M	936M	885M
Other Operating Expenses	-	2.3M	-	-	-
Other Operating Expenses, Total	1.38B	1.41B	1.52B	1.64B	1.57B
Operating Income	121M	307M	358M	384M	534M
Interest Expense, Total	-10.8M	-12.7M	-12.4M	-15.2M	-25.1M
Interest And Investment Income	12.5M	7.5M	15.7M	34.6M	39M
Net Interest Expenses	1.7M	-5.2M	3.3M	19.4M	13.9M
Currency Exchange Gains (Loss)	2.9M	-1.8M	200K	-3.2M	-
Other Non Operating Income (Expenses)	4.7M	4.2M	17.1M	-500K	4.5M
EBT, Excl. Unusual Items	130M	304M	378M	399M	552M
Restructuring Charges	-	-	-	-	-47.2M
Merger & Related Restructuring Charges	-	-1.2M	-1.3M	-	-
Gain (Loss) On Sale Of Investments	17.5M	-	5M	-	-200K
Gain (Loss) On Sale Of Assets	-	14.1M	-8M	155M	-
Asset Writedown	-398M	-31.3M	-175M	-	-100K
Other Unusual Items	-	13.6M	-6.2M	-	5.4M
EBT, Incl. Unusual Items	-250M	299M	193M	554M	510M
Income Tax Expense	6.1M	-36.5M	-360M	101M	57.5M
Earnings From Continuing Operations	-256M	336M	553M	454M	452M
Net Income to Company	-256M	336M	553M	454M	452M
Net Income - (IS)	-256M	336M	553M	454M	452M
Net Income to Common Incl Extra Items	-256M	336M	553M	454M	452M
Net Income to Common Excl. Extra Items	-256M	336M	553M	454M	452M
Per Share Items
Net EPS - Basic	-0.62	0.87	1.53	1.33	1.42
Basic EPS - Continuing Operations	-0.62	0.87	1.53	1.33	1.42
Basic Weighted Average Shares Outstanding	414M	388M	361M	341M	318M
Net EPS - Diluted	-0.62	0.85	1.53	1.33	1.4
Diluted EPS - Continuing Operations	-0.62	0.85	1.53	1.33	1.4
Diluted Weighted Average Shares Outstanding	414M	396M	363M	346M	403M
Normalized Basic EPS	0.2	0.49	0.65	0.73	1.08
Normalized Diluted EPS	0.2	0.48	0.65	0.72	0.86
Supplemental Items
EBITDA	280M	458M	515M	554M	671M
EBITA	135M	322M	374M	414M	561M
EBIT	121M	307M	358M	384M	534M
EBITDAR	399M	548M	586M	610M	721M
Effective Tax Rate - (Ratio)	-2.44	-12.2	-187.08	18.18	11.28
Current Domestic Taxes	2.7M	1.1M	28.5M	52.2M	32.9M
Current Foreign Taxes	6M	2.5M	7.5M	10.7M	30.9M
Total Current Taxes	8.7M	3.6M	36M	62.9M	63.8M
Deferred Domestic Taxes	-	-2.6M	-417M	20.3M	-7.1M
Deferred Foreign Taxes	-2.6M	-37.5M	20.2M	17.6M	800K
Total Deferred Taxes	-2.6M	-40.1M	-396M	37.9M	-6.3M
Normalized Net Income	81.56M	190M	236M	250M	345M
Interest on Long-Term Debt	9.1M	12M	11.2M	14.3M	23.8M
Supplemental Operating Expense Items
Advertising Expense	81.4M	109M	94.8M	132M	143M
Selling and Marketing Expenses	423M	428M	409M	466M	448M
General and Administrative Expenses	228M	221M	222M	237M	239M
Research And Development Expense From Footnotes	728M	756M	892M	936M	915M
Net Rental Expense, Total	118M	90.2M	71.6M	56.3M	50.4M
Imputed Operating Lease Interest Expense	9.61M	5.25M	3.05M	3.17M	4.03M
Imputed Operating Lease Depreciation	109M	84.95M	68.55M	53.13M	46.37M
Stock-Based Comp., COGS (Total)	17.1M	23.2M	24.7M	23.3M	22.9M
Stock-Based Comp., R&D Exp. (Total)	174M	190M	232M	238M	248M
Stock-Based Comp., S&M Exp. (Total)	33.7M	25M	22.4M	22M	23.7M
Stock-Based Comp., G&A Exp. (Total)	36.6M	48.8M	51.3M	55.1M	52.3M
Total Stock-Based Compensation	262M	287M	331M	338M	346M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	315M	533M	233M	615M	1.33B
Short Term Investments	806M	1.19B	1.11B	741M	266M
Total Cash And Short Term Investments	1.12B	1.72B	1.34B	1.36B	1.59B
Accounts Receivable, Total	43.4M	49.6M	53.8M	68.7M	70.4M
Other Receivables	2.7M	4.1M	6.5M	6.9M	-
Total Receivables	46.1M	53.7M	60.3M	75.6M	70.4M
Prepaid Expenses	33.4M	47.2M	52.5M	61.6M	51.4M
Restricted Cash	-	-	-	-	1.1M
Other Current Assets, Total	26.7M	30.8M	33.6M	23.4M	21.3M
Total Current Assets	1.23B	1.85B	1.49B	1.52B	1.74B
Gross Property Plant And Equipment	1.26B	1.19B	1.07B	1.08B	1.1B
Accumulated Depreciation	-452M	-453M	-504M	-586M	-584M
Net Property Plant And Equipment	809M	736M	569M	493M	518M
Long-term Investments	-	-	-	-	-
Goodwill	237M	357M	403M	402M	443M
Other Intangibles, Total	33.5M	53.6M	88.3M	58.1M	54.9M
Deferred Tax Assets Long-Term	-	-	499M	460M	467M
Deferred Charges Long-Term	47.3M	34.6M	25.7M	22M	21.9M
Other Long-Term Assets, Total	32.8M	60.8M	35.3M	31.2M	82.8M
Total Assets	2.39B	3.09B	3.11B	2.98B	3.33B
Liabilities
Accounts Payable, Total	18.7M	25.7M	38.6M	38.5M	36.5M
Accrued Expenses, Total	270M	280M	272M	248M	244M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	10M
Current Portion of Leases	188M	199M	184M	174M	188M
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	610M	672M	703M	725M	728M
Other Current Liabilities	-	-	-	16.9M	4M
Total Current Liabilities	1.09B	1.18B	1.2B	1.2B	1.21B
Long-Term Debt	-	1.37B	1.37B	1.38B	2.34B
Long-Term Leases	931M	800M	737M	479M	454M
Other Non Current Liabilities	34.4M	39.4M	112M	90.8M	68.4M
Total Liabilities	2.05B	3.39B	3.42B	3.15B	4.08B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Additional Paid In Capital	2.56B	2.45B	2.51B	2.6B	2.4B
Retained Earnings	-2.24B	-2.74B	-2.77B	-2.74B	-3.15B
Comprehensive Income and Other	10.9M	-2.6M	-48.9M	-21.5M	-10.1M
Total Common Equity	334M	-294M	-309M	-166M	-752M
Total Equity	334M	-294M	-309M	-166M	-752M
Total Liabilities And Equity	2.39B	3.09B	3.11B	2.98B	3.33B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	415M	382M	358M	344M	302M
ECS Total Common Shares Outstanding	406M	376M	349M	337M	296M
Book Value / Share	0.82	-0.78	-0.89	-0.49	-2.54
Tangible Book Value	63.4M	-704M	-801M	-626M	-1.25B
Tangible Book Value Per Share	0.16	-1.88	-2.29	-1.86	-4.22
Total Debt	1.12B	2.37B	2.29B	2.03B	3B
Net Debt	-1.8M	651M	951M	675M	1.4B
Debt Equivalent Oper. Leases	946M	722M	573M	450M	403M
Account Code - Inventory Valuation	3	3	-	3	3
Buildings, Total	-	-	-	-	-
Machinery, Total	673M	656M	691M	795M	841M
Full Time Employees	2.76K	2.67K	3.12K	2.69K	2.2K
Accumulated Allowance for Doubtful Accounts (Supple)	500K	1M	700K	1.1M	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-256M	336M	553M	454M	452M
Depreciation & Amortization - CF	145M	136M	141M	140M	110M
Amortization of Goodwill and Intangible Assets - (CF)	14.1M	15.6M	16.3M	30.4M	27.8M
Depreciation & Amortization, Total	159M	151M	157M	170M	137M
Amortization of Deferred Charges, Total - (CF)	24.4M	36.1M	43.7M	42.8M	34.9M
(Gain) Loss From Sale Of Asset	-	-	-	-155M	-
(Gain) Loss on Sale of Investments - (CF)	-17.5M	-	-5M	-	200K
Asset Writedown & Restructuring Costs	398M	31.3M	175M	-	100K
Stock-Based Compensation (CF)	262M	287M	331M	338M	346M
Other Operating Activities, Total	-2.6M	-50M	-333M	53.2M	19.4M
Change In Accounts Receivable	-5.5M	-6.2M	-5.5M	-14.5M	-2.4M
Change In Accounts Payable	-19.9M	7.6M	13M	1.2M	-4.5M
Change in Unearned Revenues	55.1M	59.8M	25.6M	21.6M	1.5M
Change in Other Net Operating Assets	-25.9M	-123M	-157M	-127M	-91.2M
Cash from Operations	571M	730M	797M	784M	894M
Capital Expenditure	-80.1M	-22.1M	-33.8M	-24.3M	-22.5M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-140M	-75.4M	-	-57.8M
Sale (Purchase) of Intangible assets	-200K	-6.8M	-1.1M	-300K	-200K
Investment in Marketable and Equity Securities, Total	-171M	-396M	42.2M	396M	493M
Other Investing Activities, Total	17.3M	40.2M	19.6M	23.9M	31.2M
Cash from Investing	-234M	-525M	-48.5M	395M	444M
Long-Term Debt Issued, Total	-	1.39B	-	-	1B
Total Debt Issued	-	1.39B	-	-	1B
Long-Term Debt Repaid, Total	-89.5M	-110M	-128M	-127M	-129M
Total Debt Repaid	-89.5M	-110M	-128M	-127M	-129M
Issuance of Common Stock	2.3M	6.9M	500K	2.5M	900K
Repurchase of Common Stock	-490M	-1.18B	-915M	-675M	-1.39B
Other Financing Activities, Total	-800K	-86.1M	-	-100K	-67.8M
Cash from Financing	-578M	16.2M	-1.04B	-799M	-587M
Foreign Exchange Rate Adjustments	4.1M	-3.1M	-7.2M	2.4M	-5.7M
Net Change in Cash	-236M	218M	-300M	382M	746M
Supplemental Items
Cash Interest Paid	9.6M	8.5M	8.2M	10.5M	15.2M
Cash Income Tax Paid (Refund)	5M	4.2M	27.6M	68.2M	61M
Levered Free Cash Flow	453M	682M	733M	757M	815M
Unlevered Free Cash Flow	460M	686M	737M	763M	826M
Change In Net Working Capital	-19.3M	-52.1M	-21M	-900K	-1.1M
Net Debt Issued / Repaid	-89.5M	1.28B	-128M	-127M	871M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.98	7	7.21	7.87	10.57
Return on Total Capital	4.64	10.87	11.02	12.45	16.23
Return On Equity %	-44.88	1.68K	-183.39	-190.91	-98.52
Return on Common Equity	-44.88	1.68K	-183.39	-190.91	-98.52
Margin Analysis
Gross Profit Margin %	78.34	79.42	80.89	80.87	82.63
SG&A Margin	33.99	30.06	27.14	28.11	26.95
EBITDA Margin %	14.66	21.24	22.15	22.13	26.32
EBITA Margin %	7.07	14.94	16.09	16.55	22.03
EBIT Margin %	6.33	14.22	15.39	15.33	20.94
Income From Continuing Operations Margin %	-13.39	15.56	23.79	18.13	17.75
Net Income Margin %	-13.39	15.56	23.79	18.13	17.75
Net Avail. For Common Margin %	-13.39	15.56	23.79	18.13	17.75
Normalized Net Income Margin	4.26	8.81	10.17	9.97	13.54
Levered Free Cash Flow Margin	23.68	31.59	31.55	30.27	31.98
Unlevered Free Cash Flow Margin	24.03	31.78	31.7	30.48	32.41
Asset Turnover
Asset Turnover	0.75	0.79	0.75	0.82	0.81
Fixed Assets Turnover	2	2.79	3.56	4.71	5.04
Receivables Turnover (Average Receivables)	47.79	46.41	44.97	40.84	36.64
Short Term Liquidity
Current Ratio	1.13	1.57	1.25	1.26	1.44
Quick Ratio	1.07	1.51	1.17	1.19	1.37
Operating Cash Flow to Current Liabilities	0.52	0.62	0.67	0.65	0.74
Days Sales Outstanding (Average Receivables)	7.66	7.87	8.12	8.94	9.99
Average Days Payable Outstanding	26.22	18.24	26.42	29.41	31
Long Term Solvency
Total Debt/Equity	335.38	-805.95	-741.63	-1.22K	-398.27
Total Debt / Total Capital	77.03	114.17	115.59	108.89	133.53
LT Debt/Equity	278.97	-738.35	-682.26	-1.12K	-371.93
Long-Term Debt / Total Capital	64.07	104.59	106.33	99.58	124.69
Total Liabilities / Total Assets	86.02	109.51	109.95	105.56	122.63
EBIT / Interest Expense	11.22	24.17	28.85	25.23	21.25
EBITDA / Interest Expense	36.93	43.19	47.3	40.12	28.73
(EBITDA - Capex) / Interest Expense	29.51	41.45	44.57	38.52	27.84
Total Debt / EBITDA	2.81	4.32	3.91	3.33	4.16
Net Debt / EBITDA	-0	1.19	1.62	1.11	1.94
Total Debt / (EBITDA - Capex)	3.51	4.5	4.15	3.47	4.29
Net Debt / (EBITDA - Capex)	-0.01	1.24	1.72	1.15	2.01
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.2	12.75	7.74	7.6	1.86
Gross Profit, 1 Yr. Growth %	19.92	14.3	9.74	7.57	3.92
EBITDA, 1 Yr. Growth %	198.4	63.39	12.35	7.5	13.16
EBITA, 1 Yr. Growth %	-305.31	138.36	16	10.64	23.85
EBIT, 1 Yr. Growth %	-252.45	153.22	16.59	7.18	26.18
Earnings From Cont. Operations, 1 Yr. Growth %	386.34	-231.02	64.74	-18	-0.29
Net Income, 1 Yr. Growth %	386.34	-231.02	64.74	-18	-0.29
Normalized Net Income, 1 Yr. Growth %	-355.88	133.03	18.92	9.61	25.86
Diluted EPS Before Extra, 1 Yr. Growth %	383.17	-237.1	76.96	-13.2	6.57
Accounts Receivable, 1 Yr. Growth %	18.26	14.29	8.47	27.7	2.47
Net Property, Plant and Equip., 1 Yr. Growth %	-26.65	-9.06	-22.68	-13.36	5.01
Total Assets, 1 Yr. Growth %	-11.56	29.49	0.61	-4.07	11.45
Tangible Book Value, 1 Yr. Growth %	-87.96	-1.21K	13.76	-21.84	99.66
Common Equity, 1 Yr. Growth %	-58.71	-188.05	5.27	-46.41	353.8
Cash From Operations, 1 Yr. Growth %	8	27.86	9.25	-1.71	14.09
Capital Expenditures, 1 Yr. Growth %	-41.15	-72.41	52.94	-28.11	-7.41
Levered Free Cash Flow, 1 Yr. Growth %	16.36	50.21	7.6	3.25	4.22
Unlevered Free Cash Flow, 1 Yr. Growth %	16.17	49.11	7.47	3.47	4.93
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	17.27	13.97	10.22	7.67	4.69
Gross Profit, 2 Yr. CAGR %	22.63	17.07	12	8.65	5.81
EBITDA, 2 Yr. CAGR %	-7.41	121.99	35.49	9.9	14.28
EBITA, 2 Yr. CAGR %	-47.34	119.56	66.28	13.29	22.7
EBIT, 2 Yr. CAGR %	-50.47	95.25	71.82	11.79	22.33
Earnings From Cont. Operations, 2 Yr. CAGR %	-27.3	152.43	46.92	16.22	-9.58
Net Income, 2 Yr. CAGR %	-27.3	152.43	46.92	16.22	-9.58
Normalized Net Income, 2 Yr. CAGR %	-47.86	141.83	70.28	12.01	23.32
Diluted EPS Before Extra, 2 Yr. CAGR %	-32.36	155.7	57.17	23.94	-4.15
Accounts Receivable, 2 Yr. CAGR %	23.19	16.25	11.34	17.69	14.39
Net Property, Plant and Equip., 2 Yr. CAGR %	61.41	-18.33	-16.15	-18.15	-4.61
Total Assets, 2 Yr. CAGR %	18.71	7.02	14.14	-1.76	3.4
Tangible Book Value, 2 Yr. CAGR %	-66.52	15.64	255.44	-5.7	24.93
Common Equity, 2 Yr. CAGR %	-29.77	-39.7	-3.72	-24.89	55.94
Cash From Operations, 2 Yr. CAGR %	15.84	17.51	18.19	3.63	5.9
Capital Expenditures, 2 Yr. CAGR %	12.76	-59.7	-35.04	4.86	-18.41
Levered Free Cash Flow, 2 Yr. CAGR %	-9.48	32.3	27.13	5.4	5.46
Unlevered Free Cash Flow, 2 Yr. CAGR %	-9.3	31.72	26.59	5.45	5.92
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	20.03	15.74	11.85	9.34	5.7
Gross Profit, 3 Yr. CAGR %	26.66	19.79	14.58	10.5	7.1
EBITDA, 3 Yr. CAGR %	60.3	11.89	76.91	25.43	13.54
EBITA, 3 Yr. CAGR %	9.45	-12.89	77.5	45.17	20.29
EBIT, 3 Yr. CAGR %	2.15	-14.67	64.42	46.81	20.24
Earnings From Cont. Operations, 3 Yr. CAGR %	31.9	-11.53	118.96	20.96	10.44
Net Income, 3 Yr. CAGR %	31.9	-11.53	118.96	20.96	10.44
Normalized Net Income, 3 Yr. CAGR %	5.38	-14.12	93.78	45.16	20.15
Diluted EPS Before Extra, 3 Yr. CAGR %	2.76	-14.34	127.54	28.95	17.36
Accounts Receivable, 3 Yr. CAGR %	13.99	20.14	13.6	16.54	12.38
Net Property, Plant and Equip., 3 Yr. CAGR %	33.27	33.31	-19.8	-15.23	-11.06
Total Assets, 3 Yr. CAGR %	32.77	22.2	4.84	7.72	2.46
Tangible Book Value, 3 Yr. CAGR %	-53.44	7.57	15.01	114.54	21.09
Common Equity, 3 Yr. CAGR %	-13.31	-24.27	-27.4	-20.8	36.8
Cash From Operations, 3 Yr. CAGR %	20	19.71	14.69	11.14	7
Capital Expenditures, 3 Yr. CAGR %	46.84	-29.47	-37.14	-32.81	0.6
Levered Free Cash Flow, 3 Yr. CAGR %	9.06	7.22	23.49	18.61	6.13
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.7	7.04	23.08	18.36	6.39
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	25.95	20.63	16	12.44	8.93
Gross Profit, 5 Yr. CAGR %	50.16	30.42	20.58	15.2	10.99
EBITDA, 5 Yr. CAGR %	12.36	199.56	49.87	11.09	48.46
EBITA, 5 Yr. CAGR %	-13.78	12.85	29.38	-3.24	53.02
EBIT, 5 Yr. CAGR %	-16.92	9.66	25.77	-4.94	45.97
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.69	9.82	37.71	-1.33	53.72
Net Income, 5 Yr. CAGR %	-4.69	9.82	37.71	-1.33	53.72
Normalized Net Income, 5 Yr. CAGR %	-16.71	8.21	27.68	-3.62	60.39
Diluted EPS Before Extra, 5 Yr. CAGR %	-18.93	-5.22	21.85	-0.34	60.83
Accounts Receivable, 5 Yr. CAGR %	24.86	30.51	12.92	19.16	13.92
Net Property, Plant and Equip., 5 Yr. CAGR %	13.08	10.63	10.72	9.68	-14.04
Total Assets, 5 Yr. CAGR %	18.76	25.22	24.98	11.98	4.26
Tangible Book Value, 5 Yr. CAGR %	-35.29	2.82	4.98	2.05	18.88
Common Equity, 5 Yr. CAGR %	-4.93	-9.81	-9.6	-24.52	-1.43
Cash From Operations, 5 Yr. CAGR %	107.61	23.64	19.27	13	11.09
Capital Expenditures, 5 Yr. CAGR %	0.35	-28.12	5.96	-17.35	-30.23
Levered Free Cash Flow, 5 Yr. CAGR %	-	28.63	15.99	6.49	15.91
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	27.4	15.53	6.4	15.88