Dropbox (DBX) EBITDA (2017 - 2026)

Dropbox's EBITDA history runs 10 years deep, the most recent figure standing at $172.8 million for Q1 2026.

• Quarterly EBITDA fell 5.98% year-over-year to $172.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $678.1 million (up 28.79% YoY) and the FY2025 annual result came in at $689.1 million, up 41.73% from the prior year.
• EBITDA was $172.8 million for Q1 2026 at Dropbox, up from $162.2 million in the prior quarter.
• Across five years, EBITDA topped out at $267.4 million in Q4 2023 and bottomed at -$80.4 million in Q4 2022.
• A 5-year average of $121.7 million and a median of $127.8 million in 2024 frame the typical range for EBITDA.
• Annual changes were most pronounced in 2022 — EBITDA sank 214.53% — and 2023, when it jumped 432.59%.
• Dropbox's EBITDA stood at -$80.4 million in 2022, then soared by 432.59% to $267.4 million in 2023, then sank by 67.13% to $87.9 million in 2024, then soared by 84.53% to $162.2 million in 2025, then climbed by 6.54% to $172.8 million in 2026.
• Business Quant data shows DBX's EBITDA at $172.8 million in Q1 2026, $162.2 million in Q4 2025, and $174.7 million in Q3 2025.