Growth Metrics

Dropbox (DBX) Cost of Revenue (2017 - 2025)

Dropbox's Cost of Revenue history spans 9 years, with the latest figure at $229.5 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 89.98% year-over-year to $229.5 million; the TTM value through Dec 2025 reached $536.7 million, up 19.11%, while the annual FY2025 figure was $500.8 million, 12.51% up from the prior year.
  • Cost of Revenue reached $229.5 million in Q4 2025 per DBX's latest filing, up from $91.5 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $229.5 million in Q4 2025 to a low of $91.5 million in Q3 2025.
  • Average Cost of Revenue over 5 years is $117.2 million, with a median of $114.3 million recorded in 2021.
  • The largest YoY upside for Cost of Revenue was 89.98% in 2025 against a maximum downside of 17.94% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $125.0 million in 2021, then dropped by 7.36% to $115.8 million in 2022, then grew by 3.28% to $119.6 million in 2023, then increased by 1.0% to $120.8 million in 2024, then skyrocketed by 89.98% to $229.5 million in 2025.
  • Per Business Quant, the three most recent readings for DBX's Cost of Revenue are $229.5 million (Q4 2025), $91.5 million (Q3 2025), and $123.7 million (Q2 2025).