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Dropbox DBX Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$634.4MBeat by $10.4M
EPS$0.74Beat by $0.09
Revenue estimate$624.0M
EPS estimate$0.65

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$626.7M
EPS estimate$0.74

Financials

Q3 2025

Income statement

See full
Revenue$634.4M-0.7%
Gross profit$506.1M-4.0%
Operating income$174.7M+36.7%
Net income$123.8M+16.0%
EPS (diluted)$0.47+38.2%

Balance sheet

See full
Cash & equivalents$764.2M+47.6%
Total debt$1.6B-26.4%
Total equity-$1.5B-180%
Total assets$2.8B+8.5%

Cash flow

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Operating cash flow$302.1M+10.2%
CapEx$8.4M+105%
Free cash flow$293.7M+8.7%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$8.15B+1.2%
Enterprise value$8.97B-7.4%
P/E16.2×+2.3×
P/S3.2×+0.1×

Profitability

See full
Gross margin80.6%-1.8pp
Operating margin24.3%-1.9pp
Net margin19.9%-2.8pp
FCF margin36.2%+2.7pp

Returns & leverage

See full
Current ratio0.6×-0.3×

Versus estimates

Revenue

Q1 2026$629.5MBeat by $8.9MQ4 2025$636.2MBeat by $7.3M
Q3 2025$634.4MBeat by $10.4M
Q2 2025$625.7MBeat by $5.8MQ1 2025$624.7MBeat by $4.6MQ4 2024$643.6MBeat by $5.0M

Diluted EPS

Q1 2026$0.76Beat by $0.05Q4 2025$0.68Beat by $0.02
Q3 2025$0.74Beat by $0.09
Q2 2025$0.71Beat by $0.08Q1 2025$0.70Beat by $0.08Q4 2024$0.73Beat by $0.11

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Questions, answered.

When did Dropbox report Q3 2025 earnings?
Dropbox (DBX) reported Q3 2025 earnings on November 6, 2025 after market close.
What were Dropbox's Q3 2025 revenue and EPS?
Dropbox reported revenue of $634.4M and eps of $0.74 for Q3 2025.
Did Dropbox beat estimates in Q3 2025?
Revenue beat the consensus estimate of $624.0M by $10.4M. EPS beat the consensus estimate of $0.65 by $0.09.
How did Dropbox's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.7% from $638.8M a year earlier and eps grew 23.3% from $0.60.
Where can I find Dropbox's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001467623-25-000127) and the 10-Q periodic report (0001467623-25-000129) directly on SEC EDGAR. The filing index links above go to sec.gov.