What is Dropbox's R&D?

Dropbox (DBX) reported R&D of $184.2M in Q1 2026.

How has Dropbox's R&D changed year-over-year?

Dropbox's R&D increased by 3.3% year-over-year, from $178.4M to $184.2M.

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.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Dropbox DBX R&D

R&D at other companies

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$11.42B+33.6%

MicrosoftMSFT

$8.92B+8.7%

DocuSignDOCU

$159.59M+0.1%

BoxBOX

$75.91M+5.0%

ServiceNowNOW

$823M+17.1%

Alphabet Inc.GOOGL

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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%

Free cash flow$203.3M+32.3%

Valuation

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Market cap$6.2B-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×—

Current ratio1.2×+0.5×

Where this comes from

Reported directly by Dropbox in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Dropbox (DBX) reported R&D of $184.2M in Q1 2026.
How has Dropbox's R&D changed year-over-year?: Dropbox's R&D increased by 3.3% year-over-year, from $178.4M to $184.2M.
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.