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DBX

Dropbox, Inc.

DBX

NASDAQ·Technology·Software - Infrastructure·Mkt cap $7.2B

$28.54

+0.44%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$21.70 - $32.40

P/E

15.42

Fwd P/E

9.24

Beta

0.67

Div Yield

0.00%

Avg Vol

3.9M

Shares Out

268.3M

Mkt Cap

$7.2B

Price action

Price chart

Up 3.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Massive user base of 700 million registered users creating network effects
  • Deep integration with enterprise workflows and third-party applications
  • Strong brand recognition and customer loyalty in cloud storage market
  • Freemium business model driving customer acquisition and upsell opportunities

Bear Case

1 risk

  • Low volatility (beta 0.7).

Growth

Stable outlook

Increasing enterprise adoption and digital transformation initiatives

Value

Deep value opportunity - significant discount to Cybersecurity Software peers

Momentum

Hot

+21.4% over 3m

Quality

Excellent

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 6, 2026

Q2 26 RECAP

MAY 7, 2026

Reported EPS of $0.76 vs $0.71 consensus (+7.0% surprise). Revenue of $629.5M vs $620.6M expected (+1.4%). Beat on both top and bottom lines.

EPS beat +7.0%
Rev beat +1.4%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+7.0%

Next: Aug 6, 2026

Revenue trend · last 8Q

-1%

-1%

-1%

-1%

+1%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$634.5M

$638.8M

$643.6M

$624.7M

$625.7M

$634.4M

$636.2M

$629.5M

Margins · last 8Q

Gross

Operating

Profit

18.2%

Wall Street consensus

5 analysts · 20% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

20%

Hold

2

40%

Sell

2

40%

Median Price Target

Latest: Citi · May 11, 2026

vs Industry

How DBX stacks vs Software - Infrastructure

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.