DBXDropbox, Inc.

$7B

Q4 2025 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$636M-1.1% YoY

Gross Profit

$504M79.2% margin

Operating Income

$158M24.9% margin

Net Income

$109M17.1% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

+0.3%

Cash Flow

Operating Cash Flow

$235M

Free Cash Flow

$225M

Stock-Based Comp.

$77M

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$4.7B

Stockholders' Equity

-$1.8B

Cash & Equivalents

$891M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$636M	$644M	-1.1%
Gross Profit	$504M	$523M	-3.6%
Operating Income	$158M	$88M	+80.1%
Net Income	$109M	$103M	+5.7%

Geographic Segments

UNITED STATES

$711M56%

Non-US

$560M44%

DBX Q4 2025 Earnings — Dropbox, Inc. Revenue & Financial Results | Market Cap Arena