Dropbox (DBX) Debt Ratio (2024 - 2026)

Dropbox (DBX) posted Debt Ratio of 0.86 for Q1 2026, up 15.14% on a QoQ basis from 0.75 in Q4 2025, and up 53.93% year-over-year from 0.56 in Q1 2025.

Dropbox (DBX) Debt Ratio (2024 - 2026) Analysis & Trends

Dropbox's Debt Ratio history runs 3 years deep, the most recent figure standing at 0.86 for Q1 2026.

  • Quarterly Debt Ratio rose 53.93% year-over-year to 0.86 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.86 (up 53.93% YoY) and the FY2025 annual result came in at 0.75, up 158.44% from the prior year.
  • Debt Ratio was 0.86 for Q1 2026 at Dropbox, up from 0.75 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.86 in Q1 2026 and bottomed at 0.29 in Q4 2024.
  • A 3-year average of 0.53 and a median of 0.48 in 2025 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2025 — Debt Ratio soared 158.44% — and 2026, when it jumped 53.93%.
  • Dropbox's Debt Ratio stood at 0.29 in 2024, then surged by 158.44% to 0.75 in 2025, then advanced by 15.14% to 0.86 in 2026.
  • Business Quant data shows DBX's Debt Ratio at 0.86 in Q1 2026, 0.75 in Q4 2025, and 0.4 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 0.06
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -
3 Oracle 344.13 Bn 312.24 Bn - 0.47
4 Repay Holdings 342.29 Bn 342.15 Bn - 0.36
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn -
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn -
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 0.07
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 0.05
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 0.21
10 Dropbox 7.54 Bn 6.25 Bn 501.40 Mn 0.86

Historic Data

Download Data
DateValue
Mar 31, 2026 0.86
Dec 31, 2025 0.75
Sep 30, 2025 0.40
Jun 30, 2025 0.35
Mar 31, 2025 0.56
Dec 31, 2024 0.29