To the full analysis
Dropbox stock: growth
DBXDropbox reported $2.52B in revenue for fiscal 2025, down 1.1% on the prior year, up 5.7% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
15.4%
per year from 2015 to 2025, per share 11.3%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | |
|---|---|---|
| Revenue | 5.7% | 15.4% |
| Revenue per share | 15.3% | 11.3% |
| Earnings | no data | no data |
| Earnings per share | no data | no data |
| Free cash flow | 13.7% | no data |
| Free cash flow per share | 24.0% | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2015 | $603.8M | −$325.9M | −$68.5M |
| 2016 | $844.8M | −$210.2M | $128.9M |
| 2017 | $1.11B | −$111.7M | $304.2M |
| 2018 | $1.39B | −$484.9M | $359.4M |
| 2019 | $1.66B | −$52.7M | $390.7M |
| 2020 | $1.91B | −$256.3M | $490.5M |
| 2021 | $2.16B | $335.8M | $700.9M |
| 2022 | $2.32B | $553.2M | $762.4M |
| 2023 | $2.5B | $453.6M | $759.1M |
| 2024 | $2.55B | $452.3M | $871.6M |
| 2025 | $2.52B | $508.4M | $930.8M |
Revenue by region
Where Dropbox, Inc. generates its revenue.
- United States56%
- Outside the US44%
Figures as a table
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| United States | $706.5M | $854.1M | $999.3M | $1.13B | $1.26B | $1.42B | $1.45B | $1.42B | 56.4% |
| Outside the US | $685.2M | $807.2M | $914.6M | $1.03B | $1.06B | $1.08B | $1.1B | $1.1B | 43.6% |
| Total revenue | $1.39B | $1.66B | $1.91B | $2.16B | $2.32B | $2.5B | $2.55B | $2.52B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 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.
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.