Dropbox (DBX) EBITDA (2017 - 2026)
Dropbox's (DBX) quarterly EBITDA came in at $172.8 million in Q1 2026, down 5.98% YoY from $183.8 million in Q1 2025, and up 6.54% on a QoQ basis from $162.2 million in Q4 2025.
Dropbox (DBX) EBITDA (2017 - 2026) Analysis & Trends
Dropbox (DBX) has 10 years of EBITDA data on file, last reported at $172.8 million in 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 climbed to $172.8 million in Q1 2026, from $162.2 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $267.4 million in Q4 2023 to a low of -$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 slumped 214.53% — and 2023, when it jumped 432.59%.
- Tracing DBX's EBITDA over 5 years: stood at -$80.4 million in 2022, then jumped by 432.59% to $267.4 million in 2023, then tumbled by 67.13% to $87.9 million in 2024, then jumped by 84.53% to $162.2 million in 2025, then gained by 6.54% to $172.8 million in 2026.
- The last three EBITDA figures came in at $172.8 million (Q1 2026), $162.2 million (Q4 2025), and $174.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 40.60 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 912.00 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 6.13 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -183.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 689.30 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -205.70 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 203.05 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -49.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 446.87 Mn |
| 10 | Dropbox | 7.61 Bn | 6.50 Bn | 506.50 Mn | 164.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 164.80 Mn |
| Mar 31, 2026 | 172.80 Mn |
| Dec 31, 2025 | 162.20 Mn |
| Sep 30, 2025 | 174.70 Mn |
| Jun 30, 2025 | 168.40 Mn |
| Mar 31, 2025 | 183.80 Mn |
| Dec 31, 2024 | 87.90 Mn |
| Sep 30, 2024 | 127.80 Mn |
| Jun 30, 2024 | 127.00 Mn |
| Mar 31, 2024 | 143.50 Mn |
| Dec 31, 2023 | 267.40 Mn |
| Sep 30, 2023 | 130.70 Mn |
| Jun 30, 2023 | 56.50 Mn |
| Mar 31, 2023 | 84.10 Mn |
| Dec 31, 2022 | -80.40 Mn |
| Sep 30, 2022 | 89.30 Mn |
| Jun 30, 2022 | 82.90 Mn |
| Mar 31, 2022 | 89.50 Mn |
| Dec 31, 2021 | 70.20 Mn |
| Sep 30, 2021 | 77.30 Mn |