Also trades as: 0SGO.L (LSE) · $vol 0M
DBX NASDAQ
Dropbox, Inc.
1W: +5.0%
1M: +16.7%
3M: +17.7%
YTD: +40.1%
1Y: +28.6%
3Y: +38.1%
5Y: +26.7%
$36.93
-0.80 (-2.12%)
After Hours: $36.04 (-0.89, -2.41%)
Weekly Expected Move ±3.9%
$35
$36
$38
$39
$41
Credit Risk of going bust: lower than 54% of companies Debt: 32.6% of company value Bonds: $38.0M held by 19 funds → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.11 (down 97%), Dropbox, Inc. would be worth roughly what it owes.
Total debt $3.98B against a stock market value of $8.20B.
Distance to default 5.58 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.66B (short-term plus half of long-term), stock volatility 37.8%; Altman Z'' -3.21. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.11 (down 97%), Dropbox, Inc. would be worth roughly what it owes.
Total debt $3.98B against a stock market value of $8.20B.
Distance to default 5.58 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.66B (short-term plus half of long-term), stock volatility 37.8%; Altman Z'' -3.21. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$952M
+6.5% ▲
5Y CAGR: +10.8%
Capital Expenditures
$21M
+6.7% ▲
5Y CAGR: -23.5%
Free Cash Flow
$931M
+6.8% ▲
5Y CAGR: +13.7%
Dividends Paid
$0
+0.0% ▲
Buybacks
$1.7B
-38.0% ▼
Net Change in Cash
-$455M
-161.0% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $336M | $553M | $454M | $452M | $508M |
| Depreciation & Amort. | $151M | $157M | $170M | $137M | $157M |
| Stock-Based Comp. | $287M | $331M | $338M | $346M | $301M |
| Change in Working Capital | -$62M | -$100M | -$119M | -$97M | -$127M |
| Other Non-Cash Items | -$14M | $252M | -$98M | $60M | $60M |
| Operating Cash Flow | $730M | $797M | $784M | $894M | $952M |
| — Investing Activities — | |||||
| Capital Expenditures | -$29M | -$35M | -$25M | -$22M | -$21M |
| Acquisitions (Net) | -$140M | -$65M | $0 | -$58M | -$13M |
| Investment Purchases | -$1.1B | -$571M | -$209M | -$62M | $0 |
| Investment Sales | $742M | $603M | $605M | $555M | $126M |
| Other Investing | $40M | $20M | $24M | $31M | $20M |
| Investing Cash Flow | -$525M | -$48M | $395M | $444M | $112M |
| — Financing Activities — | |||||
| Net Debt Issuance | $1.0B | -$128M | -$127M | $871M | $338M |
| Stock Repurchased | -$1.1B | -$795M | -$540M | -$1.2B | -$1.7B |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | $54M | -$119M | -$135M | -$216M | -$155M |
| Financing Cash Flow | $16M | -$1.0B | -$799M | -$587M | -$1.5B |
| Net Change in Cash | $218M | -$300M | $382M | $746M | -$455M |
| Cash End of Period | $533M | $233M | $615M | $1.4B | $906M |
| Free Cash Flow | $701M | $762M | $759M | $872M | $931M |