Dropbox, Inc.

Dropbox, Inc.

37.76
USD
+1.11
(+3.02%)
1.80EPS
14.90P/E
5.97BMarket Cap
Nov 05Next Earn

Total Valuation

USD

As of June 30, 2026, Dropbox, Inc. Class A carries a market capitalization of 5.97B, placing it among publicly traded companies globally. Its enterprise value stands at 8.83B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap5.97B
Enterprise Value8.83B

Important Dates

Dropbox, Inc. Class A's next confirmed earnings release is scheduled for November 5, 2026.

Earnings Date11/5/2026

Share Statistics

As of June 30, 2026, Dropbox, Inc. Class A has 219.70M shares outstanding.

Shares Outstanding219.70M

Valuation Ratios

As of June 30, 2026, Dropbox, Inc. Class A trades at a trailing price-to-earnings ratio of 14.90. The price-to-sales ratio is 2.61, and the price-to-book ratio stands at -2.73.

PE Ratio14.90
PS Ratio2.61
PB Ratio-2.73
P/TBV Ratio-2.24
P/FCF Ratio6.83
P/OCF Ratio6.73

Enterprise Valuation

As of June 30, 2026, Dropbox, Inc. Class A trades at an EV/EBITDA multiple of 10.63 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 3.49 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 13.09 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Dropbox, Inc. Class A trades at an EV/FCF ratio of 9.03, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 8.83B versus a market cap of 5.97B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales3.49
EV / EBITDA10.63
EV / EBIT13.09
EV / FCF9.03

Financial Position

As of June 30, 2026, Dropbox, Inc. Class A maintains a current ratio of 1.07, meaning it holds 1.1x the short-term assets needed to cover near-term liabilities.

Current Ratio1.07
Quick Ratio1.01
Debt / Equity-181.67
Debt / EBITDA4.79

Financial Efficiency

USD

These figures cover the twelve months ended June 30, 2026. Return on invested capital (ROIC) comes in at 29.33 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 15.80, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 25.12, useful for judging operating efficiency across full business cycles. The company generates approximately 1.19M in revenue per employee across its workforce of 2,135.75, a quick read on workforce productivity versus industry peers.

Return on Assets (ROA)15.80
Return on Invested Capital (ROIC)29.33
Return on Capital Employed (ROCE)25.12
Revenue Per Employee1.19M
Employee Count2,135.75

Taxes

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Over the twelve months ended June 30, 2026, Dropbox, Inc. Class A recorded 116.60M in income tax expense. That works out to an effective tax rate of 20.84, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 559.40M, leaving 442.80M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax116.60M
Effective Tax Rate20.84

Stock Price Statistics

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As of the close on October 22, 2026, Dropbox, Inc. Class A's stock has gained approximately 28.24% over the past 52 weeks. The 50-day moving average sits at 34.85, while the 200-day moving average is 28.67.

52-Week Price Change28.24%
50-Day Moving Average34.85
200-Day Moving Average28.67

Income Statement

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Over the twelve months ended June 30, 2026, Dropbox, Inc. Class A generated 2.53B in revenue and converted that into 442.80M in net income, yielding earnings per share of 1.80. EBITDA reached 830.30M, while operating income came in at 670.60M.

Revenue2.53B
Gross Profit2.02B
Operating Income670.60M
Pretax Income559.40M
Net Income442.80M
EBITDA830.30M
EBIT674.50M
Earnings Per Share (EPS)1.80

Balance Sheet

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As of June 30, 2026, Dropbox, Inc. Class A holds 1.11B in cash and equivalents against 3.98B in total debt, resulting in a net debt position of 2.24B. Total book value stands at -2.19B, with working capital of 87.30M providing operational flexibility.

Cash & Cash Equivalents1.11B
Total Debt3.98B
Net Debt2.24B
Equity (Book Value)-2.19B
Book Value Per Share-9.96
Working Capital87.30M

Cash Flow

USD

Dropbox, Inc. Class A produced 980.50M in operating cash flow over the twelve months ended June 30, 2026. After subtracting -3.30M in capital expenditures, free cash flow totaled 977.20M - equivalent to 4.02 per share.

Operating Cash Flow980.50M
Capital Expenditures-3.30M
Free Cash Flow977.20M
FCF Per Share4.02

Margins

Over the twelve months ended June 30, 2026, Dropbox, Inc. Class A posted a gross margin of 79.72, reflecting its pricing power and cost economics. The operating margin of 26.49 and net profit margin of 17.49 provide insight into operational efficiency.

Gross Margin79.72
Operating Margin26.49
Pretax Margin22.10
Profit Margin17.49
EBITDA Margin32.80

Dividends & Yields

These figures cover the twelve months ended June 30, 2026. Free cash flow yield stands at 14.64, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 13.88, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Dropbox, Inc. Class A shareholders.

Shareholder Yield13.88
FCF Yield14.64

Scores

As of June 30, 2026, Dropbox, Inc. Class A has an Altman Z-Score of 0.38, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score0.38