Dropbox, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Andrew W. Houston
- Full Time Employees
- 2,204
- Sector
- Technology
- Industry
- Software - Infrastructure
- Address
- 1800 Owens Street San Francisco CA United States of America 94158
- IPO Date
- Mar 23, 2018
- CIK
- 0001467623
- Website
- dropbox.com
- Similar Companies
- Business
- Dropbox, Inc. engages primarily in the development and provision of cloud-based file storage, collaboration, and productivity solutions. The company offers a range of core products and services that include Dropbox Basic, Plus, and Professional subscription plans providing secure cloud storage with features such as file synchronization, file sharing, advanced sharing controls, remote wipe capabilities, and extended version history. Additionally, Dropbox offers Dropbox Business plans designed for teams and enterprises that provide increased storage capacity, advanced security and administration controls, collaboration tools, team folders, smart workspace organization, and admin management features. The company's recent product innovation prominently features Dropbox Dash, an AI-powered search and organizational tool that enables users to quickly find content across multiple platforms including apps and emails, enhancing workflow efficiency. Dropbox operates primarily in the technology software sector with a focus on cloud infrastructure and digital content collaboration, serving over 700 million registered users globally across approximately 180 countries. Founded in 2007 and headquartered in San Francisco, California, Dropbox has recently undergone significant strategic and operational changes. In 2024, the company restructured its core business to enhance operational efficiency, including a 20% reduction in its global workforce to streamline costs and improve productivity. Dropbox has concentrated efforts on scaling the AI-powered Dropbox Dash product and simplifying its business model to better address the evolving cloud-native and AI-driven market environment. The company has also repurchased and retired approximately 49.5 million shares of Class A common stock for about $1.2 billion during 2024, signaling a focus on shareholder value. Dropbox is exploring additional financing options to support future growth initiatives, including acquisitions and investments that complement its cloud storage and collaboration offerings. Its revenue growth strategy involves expanding market penetration among larger enterprises while also continuing to serve individual and small business users. Dropbox generates a substantial portion of its revenue from subscription plans, with more than 18 million paying subscribers, predominantly in the U.S., where over 55% of its revenue is sourced. The company’s business segments include cloud storage services, productivity and collaboration software, and security solutions, catering to diverse customer bases from individuals and small businesses to large enterprises. Dropbox maintains compliance with industry standards such as ISO certification and GDPR, ensuring data security and privacy for its customers. The company is publicly traded on the NASDAQ under the ticker symbol DBX and continues to invest in infrastructure while driving product innovation within the competitive cloud computing industry.
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