Dropbox (DBX) EV to CFO (2018 - 2026)
Dropbox's (DBX) quarterly EV to CFO came in at 20.63 in Q2 2026, down 19.69% on a YoY basis from 25.69 in Q2 2025, and up 7.0% quarter-over-quarter from 19.28 in Q1 2026.
Analysis
Dropbox (DBX) EV to CFO (2018 - 2026) Analysis & Trends
Dropbox (DBX) has reported EV to CFO for 9 consecutive years, with 20.63 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to CFO fell 19.69% year-over-year to 20.63; the trailing twelve-month figure through Jun 2026 stood at 5.02 (down 32.33% YoY), and the FY2025 full-year result was 6.0, down 26.41% from the prior year.
- EV to CFO improved to 20.63 in Q2 2026 per DBX's latest filing, from 19.28 in the prior quarter.
- Across five years, EV to CFO topped out at 49.77 in Q1 2022 and bottomed at 19.28 in Q1 2026.
- Historically, EV to CFO has averaged 31.82 across 5 years, with a median of 30.01 in 2022.
- The sharpest annual moves came in 2023 and 2026: EV to CFO surged 43.23% in 2023, then slumped 52.79% in 2026.
- Over 5 years, EV to CFO stood at 33.28 in 2022, then increased by 28.56% to 42.79 in 2023, then dropped by 20.26% to 34.12 in 2024, then decreased by 28.85% to 24.28 in 2025, then decreased by 15.0% to 20.63 in 2026.
- According to Business Quant data, EV to CFO over the past three periods registered 20.63, 19.28, and 24.28 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Atlassian | 49.32 Bn | 48.08 Bn | 1.53 Bn |
| 2 | Dropbox | 7.65 Bn | 6.54 Bn | 506.50 Mn |
| 3 | Open Text | 5.80 Bn | 4.84 Bn | 1.01 Bn |
| 4 | Box | 4.83 Bn | 4.38 Bn | 253.97 Mn |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn |
| 6 | Cheetah Mobile | 99.06 Mn | -64.30 Mn | 24.15 Mn |
| 7 | Upland Software | 10.97 Mn | -20.70 Mn | 37.47 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.63 |
| Mar 31, 2026 | 19.28 |
| Dec 31, 2025 | 24.28 |
| Sep 30, 2025 | 22.49 |
| Jun 30, 2025 | 25.69 |
| Mar 31, 2025 | 40.85 |
| Dec 31, 2024 | 34.12 |
| Sep 30, 2024 | 25.16 |
| Jun 30, 2024 | 26.45 |
| Mar 31, 2024 | 38.67 |
| Dec 31, 2023 | 42.79 |
| Sep 30, 2023 | 30.87 |
| Jun 30, 2023 | 41.74 |
| Mar 31, 2023 | 44.16 |
| Dec 31, 2022 | 33.28 |
| Sep 30, 2022 | 23.47 |
| Jun 30, 2022 | 29.14 |
| Mar 31, 2022 | 49.77 |
| Dec 31, 2021 | 46.08 |
| Sep 30, 2021 | 39.99 |