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Dropbox stock

DBXNASDAQ

Dropbox, Inc., TechnologyISIN US26210C1045

$33.16▲ $0.76 (+2.3%)Closing price of 11 Nov 2026

71Score 71 out of 100, Strong

Turn on early warning

Price and trend

58 / 100

Price history

+6.6% in one year

The chart shows daily closes over 9 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Above the 200-day line: the price is 13% above it.

Trend change

Since July 2026 the 50-day line has been above the 200-day line; the trend has turned up.

Momentum

Sharply down: the price has fallen very quickly lately (RSI 26).

Distance to the high

The price is 12% below its 52-week high. Largest decline in 9 years: 63% (June 2018 to March 2020).

Chart figures for advanced users
SMA 50$35.15
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$29.33
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)26
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDbelow the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$22.06
The lowest closing price of the last twelve months.
Resistance$37.83
The highest closing price of the last twelve months.
What would $1,000 in Dropbox have become?Return triangle for Dropbox
Market cap
$7.21B
Div. yield
no dividend
17.2
on reported earnings of the last twelve months
10.1
on earnings for the next twelve months ($3.27 per share)
Fair value
$51.78

Snapshot

Computed from the data by fixed rules, no AI

  • Dropbox, Inc. belongs to the Software (Infrastructure) industry (United States) and, with a market value of $7.21B, is number 39 of 97 companies in its industry on MEQIRI.
  • In fiscal 2025 it reported revenue of $2.52B (down 1.1% year on year) and earnings of $508.4M (up 12.4%).
  • For fiscal 2026, analysts expect on average revenue of $2.52B (down 0%) and adjusted earnings per share of $3.06 (up 8.2%).
Show more
  • MEQIRI Score 71 out of 100 (Strong): rank 203 of 857 in Technology, median 61.
  • The P/E is 17.2 (Software (Infrastructure) median 26.3, own median of recent years 21.2).
  • Our model puts fair value at $51.78, with the price 36% below it.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • High return on capitalReturn on invested capital 64.8% in fiscal 2025, Software (Infrastructure) median 5.3%.Profitability 86
  • Share buybacksShare count down 35% since 2020.Capital allocation 91
  • Earnings turn into cashFree cash flow 210% of earnings over the last 12 months.Fundamentals 80

Weaknesses

  • Margin may fall backOperating margin 27.4%, average of the prior years 12.7%, which ranged from −14.5% to 21.5%. After peaks like this, the margin was more than a quarter lower two years later in 44 of 100 cases, against 24 of 100 for other companies with high margins.
71/ 100
MEQIRI Score
Strong

Its standout strengths are capital allocation and profitability.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

Fundamentals are strong, with strong cash generation.

Profit consistency50% of years
Cash conversion (free cash flow to earnings, 12 months)210%
ROIC (12 months)70.2%
Positive free cash flow100% of years
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk medium

How well MEQIRI warns

In the middle among smaller stocks.

From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.

What lowers it

  • solid fundamentals

Valuation

Valuation signal

Significantly undervalued
Price
$33.16
Fair value
$51.78
Gap to fair value
−36%

In our model the price counts as cheap below $39.83 and expensive above $73.97 (uncertainty medium, based on the price swings of the past year).

The two parts of the fair value come to $52.76 (cash-flow model) and $50.80 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.

Calculated with a cost of equity of 11.3%. At 12.3% the fair value would be $48.71, at 10.3% it would be $55.80.

Valuation metrics

2.37
11.9
Fair value (model)
$51.78
Earnings part $50.80 (earnings per share $1.93 × 26.3)

Half from the cash-flow model, half from earnings times the industry P/E (26.3).

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

11 years

In the twelve months to 30 Sep 2026, revenue rose 0.2% on the twelve months before. Revenue has grown strongly since 2015, at around 15% per year.

Margins

11 years
  • Gross margin
  • Operating margin
  • Net margin

In fiscal 2025: gross 80%, operating 27%, net 20%.

Debt & balance sheet

latest quarter
−2.19
6.4x
1.07
Cash & equivalents
$1.14B

Debt is elevated. Keep an eye on the interest burden and refinancing.

Earnings

Next earnings
18 Feb 2027in 98 days
Last reported
5 Nov 2026EPS reported $0.88 (expected $0.73)above expectations

Analyst estimates

Earnings estimates have barely changed since 15 Oct 2026.

Fiscal 20265 analysts
Earnings per share
$3.06+0.1%
Revenue
$2.52B0.0%
Fiscal 20275 analysts
Earnings per share
$3.30−0.1%
Revenue
$2.52B0.0%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook raised

Share price after the results: −0.5%

2026 guidance raised: revenue of $2.513 billion to $2.523 billion (up $13.5 million at the midpoint), operating margin of 40.0% to 40.5%, and unlevered free cash flow of at least $1.07 billion.

Supporting passage from the call, verbatim
“For the full year 2026, we expect total revenue to be in the range of $2.513 billion to $2.523 billion, an increase of $13.5 million at the midpoint of guidance.”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 6 Aug 2026 (fiscal Q2 2026), read by AI.

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

No open-market purchases in the last 6 months. 10 insiders sold, $50.62M in total.

Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.

  • Houston AndrewSale

    2 Nov 2026, 10 percent owner, officer: Co-CEO

    Shares
    383,800
    Price
    $35.81
    Value
    $13.74M
  • Schubach Sarah ElizabethSale

    30 Oct 2026, Chief Accounting Officer

    Shares
    2,055
    Price
    $36.44
    Value
    $74,884
  • Schubach Sarah ElizabethSale

    15 Oct 2026, Chief Accounting Officer

    Shares
    2,056
    Price
    $35.79
    Value
    $73,584
Show 30 more
  • Houston AndrewSale

    12 Oct 2026, 10 percent owner, officer: Co-CEO

    Shares
    29,500
    Price
    $35.09
    Value
    $1.04M
  • Houston AndrewSale

    1 Oct 2026, 10 percent owner, officer: Co-CEO

    Shares
    354,300
    Price
    $34.01
    Value
    $12.05M
  • Schubach Sarah ElizabethSale

    30 Sept 2026, Chief Accounting Officer

    Shares
    1,991
    Price
    $32.54
    Value
    $64,787
  • Schubach Sarah ElizabethSale

    15 Sept 2026, Chief Accounting Officer

    Shares
    1,991
    Price
    $36.78
    Value
    $73,229
  • Alkarmi AshrafSale

    11 Sept 2026, Co-CEO

    Shares
    28,800
    Price
    $35.54
    Value
    $1.02M
  • Houston AndrewSale

    10 Sept 2026, 10 percent owner, officer: Co-CEO

    Shares
    383,800
    Price
    $35.02
    Value
    $13.44M
  • Tennenbaum RossSale

    10 Sept 2026, Chief Financial Officer

    Shares
    97,558
    Price
    $35.02
    Value
    $3.42M
  • Campbell Lisa MSale

    4 Sept 2026, Board

    Shares
    4,598
    Price
    $34.78
    Value
    $159,929
  • Yoon William TSale

    4 Sept 2026, Chief Legal Officer

    Shares
    12,382
    Price
    $34.78
    Value
    $430,702
  • Schubach Sarah ElizabethSale

    31 Aug 2026, Chief Accounting Officer

    Shares
    1,631
    Price
    $35.50
    Value
    $57,901
  • Schubach Sarah ElizabethSale

    20 Aug 2026, Chief Accounting Officer

    Shares
    1,631
    Price
    $34.01
    Value
    $55,470
  • Webster Eric TSale

    18 Aug 2026, Chief Business Officer

    Shares
    15,830
    Price
    $34.09
    Value
    $539,694
  • Dasdan AliSale

    18 Aug 2026, Chief Technology Officer

    Shares
    11,332
    Price
    $34.13
    Value
    $386,732
  • Schubach Sarah ElizabethSale

    31 Jul 2026, Chief Accounting Officer

    Shares
    1,632
    Price
    $31.61
    Value
    $51,588
  • Peacock KarenSale

    29 Jul 2026, Board

    Shares
    2,000
    Price
    $33.00
    Value
    $66,000
  • Schubach Sarah ElizabethSale

    15 Jul 2026, Chief Accounting Officer

    Shares
    1,306
    Price
    $30.13
    Value
    $39,350
  • Dasdan AliSale

    14 Jul 2026, Chief Technology Officer

    Shares
    12,972
    Price
    $30.00
    Value
    $389,160
  • Peacock KarenSale

    7 Jul 2026, Board

    Shares
    2,000
    Price
    $29.00
    Value
    $58,000
  • Schubach Sarah ElizabethSale

    30 Jun 2026, Chief Accounting Officer

    Shares
    1,305
    Price
    $27.11
    Value
    $35,379
  • Schubach Sarah ElizabethSale

    15 Jun 2026, Chief Accounting Officer

    Shares
    1,306
    Price
    $26.90
    Value
    $35,131
  • Alkarmi AshrafSale

    2 Jun 2026, Co-CEO

    Shares
    22,700
    Price
    $27.86
    Value
    $632,497
  • Schubach Sarah ElizabethSale

    1 Jun 2026, Chief Accounting Officer

    Shares
    1,305
    Price
    $27.66
    Value
    $36,096
  • Schubach Sarah ElizabethSale

    19 May 2026, Chief Accounting Officer

    Shares
    1,306
    Price
    $28.14
    Value
    $36,751
  • Houston AndrewSale

    18 May 2026, 10 percent owner, officer: Chief Executive Officer

    Shares
    30,332
    Price
    $27.50
    Value
    $834,130
  • Moore Andrew WilliamSale

    18 May 2026, Board

    Shares
    8,443
    Price
    $27.57
    Value
    $232,783
  • Yoon William TSale

    18 May 2026, Chief Legal Officer

    Shares
    7,230
    Price
    $27.57
    Value
    $199,338
  • Dasdan AliSale

    18 May 2026, Chief Technology Officer

    Shares
    5,666
    Price
    $27.56
    Value
    $156,156
  • Campbell Lisa MSale

    15 May 2026, Board

    Shares
    4,222
    Price
    $26.51
    Value
    $111,924
  • Peacock KarenSale

    15 May 2026, Board

    Shares
    4,000
    Price
    $26.50
    Value
    $106,019
  • Houston AndrewSale

    14 May 2026, 10 percent owner, officer: Chief Executive Officer

    Shares
    37,498
    Price
    $25.96
    Value
    $973,549

Partial trades from one filing are shown in one row, with the average price.

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at Dropbox

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

857 rated companies in Technology

Rank 203 of 857
203/ 857
This company
71
Sector median
61

Categories against the sector median

ProfitabilityMedian of 857 companies86 (median 59)27 above the median
GrowthMedian of 857 companies56 (median 68)12 below the median
FundamentalsMedian of 857 companies80 (median 67)13 above the median
ValuationMedian of 788 companies with a value74 (median 52)22 above the median
StabilityMedian of 857 companies57 (median 67)10 below the median
Capital allocationMedian of 857 companies91 (median 53)38 above the median
Technical analysisMedian of 857 companies58 (median 59)1 below the median
MomentumMedian of 857 companies65 (median 56)9 above the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Software (Infrastructure)

The next larger and next smaller companies by market value

All 97 Software (Infrastructure) stocks

ETFs that hold Dropbox

Held by 17 ETFs on Xetra. Shown per index: the ETF with the largest weight.

ETFWeightCostFund size
iShares Digitalisation UCITS ETF2B790.20%0.40%€726.22M
State Street SPDR S&P 400 U.S. Mid Cap UCITS ETF (Acc)SPY40.15%0.30%€5.27B
Amundi MSCI Robotics & AI UCITS ETF AccGOAI0.12%0.40%€1.14B
Show 5 more
Amundi MSCI Digital Economy UCITS ETF AccEBUY0.12%0.45%€96.36M
iShares World Equity High Income Active UCITS ETF USDWINC0.11%0.35%€942.02M
Franklin U.S. Equity UCITS ETFFLXU0.10%0.20%€55.89M
iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG0.09%0.43%€2.48B
State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETFZPRV0.08%0.30%€944.34M

Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sources

Score
Daily value of 12 Nov 2026, recalculated nightly
Price
Closing price of 11 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Original filings at the SECReport a data error

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Strong, published since 7 Nov 2026 (in the score history since 8 May 2026)
  • Valuation signal Undervalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.
Full disclosures, methodology and data sourcesAll ratings of the last 12 monthsHow the score is calculated

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