Dropbox (DBX) Debt to Equity (2024 - 2026)
Dropbox (DBX) reported Debt to Equity of -$1.3 for Q1 2026, down 43.72% on a YoY basis from -$2.31 in Q1 2025, and down 61.06% quarter-over-quarter from -$0.81 in Q4 2025.
Dropbox (DBX) Debt to Equity (2024 - 2026) Analysis & Trends
Dropbox has reported Debt to Equity for 3 years, with the latest figure at -$1.3 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity fell 43.72% year-over-year to -$1.3; the trailing twelve-month figure through Mar 2026 stood at -$1.3 (down 43.72% YoY), and the FY2025 full-year result was -$0.81, up 37.66% from the prior year.
- Debt to Equity for Q1 2026 stood at -$1.3, down from -$0.81 in the prior quarter.
- The five-year high for Debt to Equity was -$0.73 in Q3 2025, with the low at -$1.3 in Q1 2026.
- Historically, Debt to Equity has averaged -$0.96 across 3 years, with a median of -$0.85 in 2025.
- Annual changes were most pronounced in 2025 — Debt to Equity surged 37.66% — and 2026, when it tumbled 43.72%.
- Dropbox's Debt to Equity stood at -$1.29 in 2024, then soared by 37.66% to -$0.81 in 2025, then slumped by 61.06% to -$1.3 in 2026.
- The last three Debt to Equity figures came in at -$1.3 (Q1 2026), -$0.81 (Q4 2025), and -$0.73 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 0.10 |
| 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 | 3.24 |
| 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 | 0.17 |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 0.50 |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 0.33 |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 0.85 |
| 10 | Dropbox | 6.44 Bn | 5.16 Bn | 501.40 Mn | -1.30 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.30 |
| Dec 31, 2025 | -0.81 |
| Sep 30, 2025 | -0.73 |
| Jun 30, 2025 | -0.74 |
| Mar 31, 2025 | -0.90 |
| Dec 31, 2024 | -1.29 |