Lumida
/DBX
⌘K
Dropbox Inc

Dropbox Inc

DBX
$35.56USD+1.46%+0.51 today

MARKET CAP

7.7B

P/E (TTM)

19.4x

FWD P/E

DAY RANGE

$35 – $36

52W RANGE

$22
$36

AI Summary

Stalk
Buy NowMedium

DBX remains in a Stage 2 advancing uptrend with rising and stacked EMAs. After consolidating near the 9EMA and 20EMA, price is now tightly tracking above these EMAs with momentum intact and no exhaustion. Conditions favor a shallow pullback into the EMA support zone for continuation toward recent highs.

  • Paying users rose 96K sequentially, marking third straight quarter of growth.
  • Q2 revenue $631.5M (+0.9% YoY) and ARR $2.566B (+1% YoY) show stable top-line.
  • Full-year revenue forecast of $2.485–2.5B implies near-term stagnation.
Full analysis →
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$2.2B$2.3B$2.5B$2.5B$2.5B
YoY %+12.7%+7.7%+7.6%+1.9%-1.1%
P / Sales4.5x3.5x4.0x3.8x3.0x
EV / Sales5.8x4.9x5.0x4.9x4.5x
Gross Profit, Adj.$1.7B$1.9B$2.0B$2.1B$2.0B
YoY %+14.3%+9.7%+7.6%+4.0%-3.9%
Margin %79.4%80.9%80.9%82.5%80.1%
EV / Gross Profit7.3x6.1x6.2x5.9x5.6x
EBITDA, Adj.$565.7M$553.1M$747.3M$653.8M$872.4M
YoY %+46.6%-2.2%+35.1%-12.5%+33.4%
Margin %26.2%23.8%29.9%25.7%34.6%
EV / EBITDA22.2x20.7x16.7x19.1x13.0x
EBIT$305.7M$181.3M$538.7M$486.2M$689.1M
YoY %+210.4%-40.7%+197.1%-9.7%+41.7%
Margin %14.2%7.8%21.5%19.1%27.3%
EV / EBIT41.1x63.0x23.2x25.6x16.4x
Net Income$335.8M$553.2M$453.6M$452.3M$508.4M
YoY %+231.0%+64.7%-18.0%-0.3%+12.4%
Net Margin15.6%23.8%18.1%17.7%20.2%
EPS (GAAP)$0.85$1.52$1.31$1.40$1.86
YoY %+237.1%+78.8%-13.8%+6.9%+32.9%