Dropbox Inc - Class A
Research Dropbox Inc - Class A (DBX) on Bullrun: valuation model: fairly valued, market cap USD 8.14B, P/E 19.4. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerDBX
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustrySoftware-Infrastructure
- CurrencyUSD
- Valuation signalfairly valued
- Market capUSD 8.14B
- P/E19.4
- Financial periodQ2 2026
- RevenueUSD 631.50M
- Net incomeUSD 95.80M
- Free cash flowUSD 231.90M
- Gross margin80.2%
Valuation Snapshot
Bullrun's latest valuation model marks Dropbox Inc - Class A as fairly valued; latest market cap is USD 8.14B; P/E is 19.4.
Peer valuation comparison
Latest P/E is 19.39x versus a Technology sector median of 28.7x (32.4% below).
Latest P/E is 19.39x versus a United States median of 23.75x (18.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 2.52B | USD 508.40M | USD 930.80M | 80.1% | 1.86 | USD 891.30M | USD 3.59B | -USD 1.80B |
| FY2024 | USD 2.55B | USD 452.30M | USD 871.60M | 82.5% | 1.4 | USD 1.33B | USD 3.00B | -USD 752.40M |
| FY2023 | USD 2.50B | USD 453.60M | USD 759.40M | 80.9% | 1.31 | USD 614.90M | USD 2.03B | -USD 165.80M |
| FY2022 | USD 2.32B | USD 553.20M | USD 763.50M | 80.9% | 1.52 | USD 232.80M | USD 2.29B | -USD 309.40M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 8.14B | 19.4 | n/a | n/a |
| 2025 | 2025-12-31 | USD 6.75B | 14.9 | n/a | n/a |
| 2024 | 2024-12-31 | USD 8.89B | 21.5 | n/a | n/a |
| 2023 | 2023-12-29 | USD 9.93B | 18.7 | n/a | n/a |
| 2022 | 2022-12-30 | USD 7.88B | 23.8 | n/a | n/a |
| 2021 | 2021-12-31 | USD 9.21B | 28.9 | n/a | n/a |
About Dropbox Inc - Class A
Dropbox, Inc. provides a content collaboration platform in the United States and internationally. The company's platform enables individuals, families, teams, and organizations to collaborate for free through its website or app, or through a paid subscription plan for premium features. Its platform consists of various elements, such as unified home for content, global sharing network, and product experiences and integrations.
ETFs that hold Dropbox Inc - Class A
Dropbox Inc - Class A is one of the ten largest holdings of one ETF that investors in Europe can buy:
| ETF | Weight | TER |
|---|---|---|
| Global X Cloud Computing UCITS ETF USD Acc | 3.68% | 0.55% |
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Frequently asked questions
Is Dropbox Inc - Class A overvalued or undervalued?
Bullrun's valuation model currently marks Dropbox Inc - Class A as fairly valued.
What is Dropbox Inc - Class A's market cap?
Dropbox Inc - Class A's market capitalization is USD 8.14B.
What is Dropbox Inc - Class A's P/E ratio?
Dropbox Inc - Class A's price-to-earnings (P/E) ratio is 19.4.
What does Dropbox Inc - Class A do?
Dropbox, Inc. provides a content collaboration platform in the United States and internationally. The company's platform enables individuals, families, teams, and organizations to collaborate for free through its website or app, or through a paid subscription plan for premium features. Its platform consists of various elements, such as unified home for content, global sharing network, and product experiences and integrations. The company serves customers in the professional services, technology, media, education, industrial, consumer and retail, and financial services industries.