DROPBOX, INC.DBXEarnings & Financial Report
Dropbox is a file hosting service operated by the American company Dropbox, Inc., headquartered in San Francisco, California, that offers cloud storage, file synchronization, personal cloud, and client software. Dropbox was founded in 2007 by MIT students Drew Houston and Arash Ferdowsi as a startup company, with initial funding from seed accelerator Y Combinator.
DBX Q3 2025 Key Financial Metrics
Revenue
$634.4M
Gross Profit
$506.1M
Operating Profit
$174.7M
Net Profit
$123.8M
Gross Margin
79.8%
Operating Margin
27.5%
Net Margin
19.5%
YoY Growth
-0.7%
EPS
$0.47
Financial Flow
DROPBOX, INC. Q3 2025 Financial Summary
DROPBOX, INC. reported revenue of $634.4M for Q3 2025, with a net profit of $123.8M (19.5% margin). Cost of goods sold was $128.3M, operating expenses totaled $331.4M.
Key Financial Metrics
| Total Revenue | $634.4M |
|---|---|
| Net Profit | $123.8M |
| Gross Margin | 79.8% |
| Operating Margin | 27.5% |
| Report Period | Q3 2025 |
DROPBOX, INC. Annual Revenue by Year
DROPBOX, INC. annual revenue history includes year-by-year totals (for example, 2024 revenue was $2.5B).
| Year | Annual Revenue |
|---|---|
| 2024 | $2.5B |
| 2023 | $2.5B |
| 2022 | $2.3B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $635.0M | $631.3M | $634.5M | $638.8M | $643.6M | $624.7M | $625.7M | $634.4M |
| YoY Growth | 6.0% | 3.3% | 1.9% | 0.9% | 1.4% | -1.0% | -1.4% | -0.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.98B | $2.80B | $2.72B | $2.58B | $3.33B | $2.96B | $2.78B | $2.80B |
| Liabilities | $3.15B | $3.07B | $3.09B | $3.12B | $4.08B | $4.03B | $4.08B | $4.33B |
| Equity | $-165.8M | $-277.2M | $-371.3M | $-546.1M | $-752.4M | $-1.08B | $-1.31B | $-1.53B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $200.3M | $175.5M | $230.6M | $274.2M | $213.8M | $153.8M | $260.5M | $302.1M |
