Dropbox (DBX) Debt Ratio (2024 - 2026)

Dropbox (DBX) reported Debt Ratio of 0.86 for Q1 2026, up 162.25% on a YoY basis from 0.33 in Q1 2025, and up 69.22% quarter-over-quarter from 0.51 in Q4 2025.

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

Dropbox has reported Debt Ratio for 3 years, with the latest figure at 0.86 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 162.25% year-over-year to 0.86; the trailing twelve-month figure through Mar 2026 stood at 0.86 (up 162.25% YoY), and the FY2025 full-year result was 0.51, up 74.04% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.86, up from 0.51 in the prior quarter.
  • The five-year high for Debt Ratio was 0.86 in Q1 2026, with the low at 0.29 in Q4 2024.
  • Historically, Debt Ratio has averaged 0.46 across 3 years, with a median of 0.37 in 2025.
  • Annual changes were most pronounced in 2025 — Debt Ratio jumped 74.04% — and 2026, when it jumped 162.25%.
  • Dropbox's Debt Ratio stood at 0.29 in 2024, then jumped by 74.04% to 0.51 in 2025, then surged by 69.22% to 0.86 in 2026.
  • The last three Debt Ratio figures came in at 0.86 (Q1 2026), 0.51 (Q4 2025), and 0.4 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 0.06
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn -
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 0.51
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn -
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn -
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn 0.07
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 0.05
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 0.21
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn 0.21
10 Dropbox 6.44 Bn 5.16 Bn 501.40 Mn 0.86

Historic Data

Download Data
DateValue
Mar 31, 2026 0.86
Dec 31, 2025 0.51
Sep 30, 2025 0.40
Jun 30, 2025 0.35
Mar 31, 2025 0.33
Dec 31, 2024 0.29