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Dropbox DBX Free cash flow

Free cash flow at other companies

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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%

Valuation

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Market cap$6.06B-32.5%
Enterprise value$5.68B-41.1%
P/E12.8×-6.3×
P/S2.4×-1.1×

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×
Current ratio1.2×+0.5×

Where this comes from

Calculated from Dropbox’s reported figures.

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 free cash flow?
Dropbox (DBX) reported free cash flow of $203.3M in Q1 2026.
How has Dropbox's free cash flow changed year-over-year?
Dropbox's free cash flow increased by 32.3% year-over-year, from $153.7M to $203.3M.
What is the long-term trend for Dropbox's free cash flow?
Over 4 years (2021 to 2025), Dropbox's free cash flow has grown at a 7.1% compound annual growth rate (CAGR), from $707.7M to $930.8M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.