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Dropbox DBX Q2 2025 earnings

Reported August 7, 2025 · After market close

Revenue$625.7MBeat by $5.8M
EPS$0.71Beat by $0.08
Revenue estimate$619.9M
EPS estimate$0.63

Next report

Nov 5, 2026 (in a month)
Revenue estimate$629.7M
EPS estimate$0.73

Financials

Q2 2025

Income statement

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Revenue$625.7M-1.4%
Gross profit$502.0M-4.8%
Operating income$168.4M+32.6%
Net income$125.6M+13.7%
EPS (diluted)$0.45+32.4%

Balance sheet

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Cash & equivalents$769.2M+49.3%
Total debt$1.5B-29.2%
Total equity-$1.3B-252%
Total assets$2.8B+2.2%

Cash flow

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Operating cash flow$260.5M+13.0%
CapEx$2.0M-66.1%
Free cash flow$258.5M+15.0%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$7.88B+9.0%
Enterprise value$8.62B-2.5%
P/E16.2×+3.9×
P/S3.1×+0.3×

Profitability

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Gross margin81.3%-0.7pp
Operating margin22.4%-4.0pp
Net margin19.2%-3.9pp
FCF margin35.2%+2.6pp

Returns & leverage

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Current ratio0.6×-0.4×

Segments

By geography

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United States$354.1M—

FAQ

When did Dropbox report Q2 2025 earnings?
Dropbox (DBX) reported Q2 2025 earnings on August 7, 2025 after market close.
What were Dropbox's Q2 2025 revenue and EPS?
Dropbox reported revenue of $625.7M and eps of $0.71 for Q2 2025.
Did Dropbox beat estimates in Q2 2025?
Revenue beat the consensus estimate of $619.9M by $5.8M. EPS beat the consensus estimate of $0.63 by $0.08.
How did Dropbox's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.4% from $634.5M a year earlier and eps grew 18.3% from $0.60.
Where can I find Dropbox's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001467623-25-000114) and the 10-Q periodic report (0001467623-25-000117) directly on SEC EDGAR. The filing index links above go to sec.gov.