Dropbox Income Statement
DBX / Information Technology|10 years of annual SEC 10-K data (FY2016-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 10 fiscal years. All figures from audited SEC 10-K filings.
Dropbox reported $2.5B in revenue and $508M in net income for FY2025. Revenue has grown at a 12.9% compound annual rate over the past 9 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.16 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B | $2.5B | $2.5B | $2.3B | $2.2B | $1.9B | $1.7B | $1.4B | $1.1B | $844.8M |
| Cost of Revenue | $500.8M | $445.1M | $478.5M | $444.2M | $444.2M | $414.6M | $411.0M | $394.7M | $368.9M | $390.6M |
| Gross Profit | $2.0B | $2.1B | $2.0B | $1.9B | $1.7B | $1.5B | $1.3B | $997.0M | $737.9M | $454.2M |
| SG&A Expense | $230.5M | $241.2M | $237.1M | $222.9M | $224.6M | $227.8M | $245.4M | $283.2M | $157.3M | $107.4M |
| R&D Expense | $732.0M | $914.9M | $936.5M | $891.9M | $755.9M | $727.5M | $662.1M | $768.2M | $380.3M | $289.7M |
| Operating Income | $689.1M | $486.2M | $538.7M | $181.3M | $274.4M | -$277.0M | -$80.5M | -$494.0M | -$113.7M | -$193.5M |
| Income Tax | $109.2M | $57.5M | $100.8M | -$360.5M | -$36.5M | $6.1M | $700.0K | $4.8M | $200.0K | $5.2M |
| Net Income | $508.4M | $452.3M | $453.6M | $553.2M | $335.8M | -$256.3M | -$52.7M | -$484.9M | -$111.7M | -$210.2M |
| EPS (Basic) | $1.89 | $1.42 | $1.33 | $1.53 | $0.87 | -$0.62 | -$0.13 | - | - | - |
| EPS (Diluted) | $1.86 | $1.40 | $1.31 | $1.52 | $0.85 | -$0.62 | -$0.13 | -$1.35 | - | -$1.11 |
| Shares Outstanding | 272.8M | 323.4M | 345.6M | 363.3M | 395.8M | 414.3M | 411.6M | 358.6M | 195.9M | 189.1M |
| Gross Margin | 80.1% | 82.5% | 80.9% | 80.9% | 79.4% | 78.3% | 75.3% | 71.6% | 66.7% | 53.8% |
| Operating Margin | 27.3% | 19.1% | 21.5% | 7.8% | 12.7% | -14.5% | -4.9% | -35.5% | -10.3% | -22.9% |
| Profit Margin | 20.2% | 17.8% | 18.1% | 23.8% | 15.6% | -13.4% | -3.2% | -34.8% | -10.1% | -24.9% |