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R&D at other companies

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AppleAAPL
$11.73B+32.3%
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MicrosoftMSFT
$10B+13.2%
DocuSign logo
DocuSignDOCU
$159.59M+0.1%
Box logo
BoxBOX
$75.91M+5.0%
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ServiceNowNOW
$915M+24.7%
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$631.5M+0.9%
Gross profit$506.5M+0.9%
Operating income$164.8M-2.1%
Net income$95.8M-23.7%
EPS (diluted)$0.42-6.7%

Balance sheet

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Cash & equivalents$1.1B+38.9%
Total debt$804.1M-46.7%
Total equity-$2.2B-67.6%
Total assets$2.8B+1.7%

Cash flow

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Operating cash flow$238.5M-8.4%
CapEx$3.3M+65.0%
Free cash flow$235.2M-9.0%

Valuation

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Market cap$8.06B+11.3%
Enterprise value$7.79B-2.4%
P/E18.2×+3.3×
P/S3.2×+0.3×

Profitability

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Gross margin79.7%-1.6pp
Operating margin26.6%+4.2pp
Net margin17.5%-1.7pp
FCF margin37.8%+2.6pp

Returns & leverage

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Return on equity-44.9%
Debt / equity3.7×
Current ratio1.1×+0.5×

Where this comes from

Reported directly by Dropbox in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Dropbox’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001467623-26-000049
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of revenue(1)(2)125.0123.7253.1240.4
Gross profit506.5502.01,007.91,010.0
Operating expenses:
Research and development(1)(2)188.1184.4372.3362.8
Sales and marketing(1)(2)89.887.8176.7179.8
General and administrative(1)(2)63.858.8121.3112.6
Net loss on real estate assets2.62.6
Total operating expenses341.7333.6670.3657.8

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Dropbox's R&D?
Dropbox (DBX) reported R&D of $188.1M in Q2 2026.
How has Dropbox's R&D changed year-over-year?
Dropbox's R&D increased by 2.0% year-over-year, from $184.4M to $188.1M.
What is the long-term trend for Dropbox's R&D?
Over 4 years (2021 to 2025), Dropbox's R&D has grown at a -0.8% compound annual growth rate (CAGR), from $755.9M to $732M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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