What is Dropbox's current ratio?

Dropbox (DBX) reported current ratio of 1.2× in Q1 2026.

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

Dropbox's current ratio increased by 69.5% year-over-year, from 0.7× to 1.2×.

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

Over 5 years (2020 to 2025), Dropbox's current ratio has grown at a -11.0% compound annual growth rate (CAGR), from 1.1× to 0.6×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Dropbox DBX Current ratio

Current ratio at other companies

AppleAAPL

1.1×+0.2×

MicrosoftMSFT

1.3×-0.1×

AdobeADBE

0.8×-0.2×

AmazonAMZN

1.2×+0.1×

DocuSignDOCU

0.7×-0.1×

BoxBOX

1.1×-0.1×

Other financials

Income statement

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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

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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

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Operating cash flow$204.5M+33.0%

CapEx$1.2M+1,100%

Free cash flow$203.3M+32.3%

Valuation

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Market cap$6.06B-32.5%

Profitability

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Gross margin79.7%-2.3pp

Operating margin26.8%+6.1pp

Net margin18.7%+0.2pp

FCF margin38.8%+5.0pp

Returns & leverage

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Return on equity-44.9%—

Debt / equity3.7×—

Where this comes from

Calculated from Dropbox’s reported figures.

total current assets/total current liabilities=1.2×

Based on the most recent quarter.

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

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Questions, answered.

What is Dropbox's current ratio?: Dropbox (DBX) reported current ratio of 1.2× in Q1 2026.
How has Dropbox's current ratio changed year-over-year?: Dropbox's current ratio increased by 69.5% year-over-year, from 0.7× to 1.2×.
What is the long-term trend for Dropbox's current ratio?: Over 5 years (2020 to 2025), Dropbox's current ratio has grown at a -11.0% compound annual growth rate (CAGR), from 1.1× to 0.6×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.