Company / Working Capital
Dropbox Working Capital History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$703.0M
FY2025
5-year range
-$703.0M / $674.0M
FY2021-FY2025
Trend
-233.2%
vs FY2024
Sector context
#303 of 311
Information Technology
What the data says
Working Capital changed -233% YoY in FY2025, a notable deviation from the 8-year average annual change of +45%.
Based on SEC 10-K filings.
-$703M in FY2025.
Declined from $315M to -$703M over the past 2 years.
Information Technology sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 3% in Information TechnologyTop 97% of 311This company -$703.0M Sector average $1.7B
▼
-141.0% below sector average
Key checks
Key Insights
- In FY2025, working capital decreased 233.2% year-over-year.
- Ranks #303 out of 311 companies in the Information Technology sector.
- Peak working capital was recorded in FY2021.
Company context
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.
Annual data
| Year | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$703.0M | -233.2% |
| FY2024 | $527.6M | +67.4% |
| FY2023 | $315.1M | +7.4% |
| FY2022 | $293.3M | -56.5% |
| FY2021 | $674.0M | +382.5% |
| FY2020 | $139.7M | -38.8% |
| FY2019 | $228.4M | -38.7% |
| FY2018 | $372.7M | +269.2% |
| FY2017 | -$220.3M | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026