What is Dropbox's cash ratio?

Dropbox (DBX) reported cash ratio of 1× in Q1 2026.

How has Dropbox's cash ratio changed year-over-year?

Dropbox's cash ratio increased by 95.9% year-over-year, from 0.5× to 1×.

What is the long-term trend for Dropbox's cash ratio?

Over 5 years (2020 to 2025), Dropbox's cash ratio has grown at a 10.6% compound annual growth rate (CAGR), from 0.3× to 0.5×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Dropbox DBX Cash ratio

Cash ratio at other companies

AppleAAPL

0.3×+0.1×

MicrosoftMSFT

0.2×0.0×

AdobeADBE

0.4×-0.1×

AmazonAMZN

0.5×+0.1×

DocuSignDOCU

0.1×-0.1×

BoxBOX

0.5×-0.3×

Other financials

Income statement

See full

Revenue$629.5M+0.8%

Gross profit$501.4M-1.3%

Operating income$172.8M-6.0%

Net income$114.5M-23.8%

EPS (diluted)$0.48-5.9%

Balance sheet

See full

Cash & equivalents$1.2B+25.4%

Total debt$840.2M-43.1%

Total equity-$2.0B-87.0%

Total assets$3.0B+2.5%

Cash flow

See full

Operating cash flow$204.5M+33.0%

CapEx$1.2M+1,100%

Free cash flow$203.3M+32.3%

Valuation

See full

Market cap$6.2B-32.5%

Profitability

See full

Gross margin79.7%-2.3pp

Operating margin26.8%+6.1pp

Net margin18.7%+0.2pp

FCF margin38.8%+5.0pp

Returns & leverage

See full

Return on equity-44.9%—

Debt / equity3.7×—

Current ratio1.2×+0.5×

Where this comes from

Calculated from Dropbox’s reported figures.

cash and equivalents/total current liabilities=1×

Based on the most recent quarter.

The official record: Dropbox’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

Ask your AI about Dropbox's cash ratio.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Dropbox's cash ratio?: Dropbox (DBX) reported cash ratio of 1× in Q1 2026.
How has Dropbox's cash ratio changed year-over-year?: Dropbox's cash ratio increased by 95.9% year-over-year, from 0.5× to 1×.
What is the long-term trend for Dropbox's cash ratio?: Over 5 years (2020 to 2025), Dropbox's cash ratio has grown at a 10.6% compound annual growth rate (CAGR), from 0.3× to 0.5×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.