Dropbox (DBX) Invested Capital (2018 - 2026)
Dropbox's (DBX) quarterly Invested Capital came in at $314.6 million in Q1 2026, down 6.56% YoY from $336.7 million in Q1 2025, and down 9.02% on a QoQ basis from $345.8 million in Q4 2025.
Dropbox (DBX) Invested Capital (2018 - 2026) Analysis & Trends
Dropbox (DBX) has 9 years of Invested Capital data on file, last reported at $314.6 million in Q1 2026.
- Quarterly Invested Capital fell 6.56% year-over-year to $314.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 5.57% YoY) and the FY2025 annual result came in at $345.8 million, up 5.81% from the prior year.
- Invested Capital fell to $314.6 million in Q1 2026, from $345.8 million in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $345.8 million in Q4 2025 to a low of $244.6 million in Q3 2022.
- A 5-year average of $293.7 million and a median of $282.7 million in 2024 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2022 — Invested Capital declined 19.3% — and 2025, when it climbed 20.55%.
- Tracing DBX's Invested Capital over 5 years: stood at $266.5 million in 2022, then grew by 6.83% to $284.7 million in 2023, then grew by 14.79% to $326.8 million in 2024, then grew by 5.81% to $345.8 million in 2025, then fell by 9.02% to $314.6 million in 2026.
- The last three Invested Capital figures came in at $314.6 million (Q1 2026), $345.8 million (Q4 2025), and $337.8 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 9.23 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | - |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 160.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | - |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 1.29 Bn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 22.12 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 221.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 572.39 Mn |
| 10 | Dropbox | 7.61 Bn | 6.50 Bn | 506.50 Mn | 285.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 285.90 Mn |
| Mar 31, 2026 | 314.60 Mn |
| Dec 31, 2025 | 345.80 Mn |
| Sep 30, 2025 | 337.80 Mn |
| Jun 30, 2025 | 326.70 Mn |
| Mar 31, 2025 | 336.70 Mn |
| Dec 31, 2024 | 326.80 Mn |
| Sep 30, 2024 | 308.80 Mn |
| Jun 30, 2024 | 282.70 Mn |
| Mar 31, 2024 | 279.30 Mn |
| Dec 31, 2023 | 284.70 Mn |
| Sep 30, 2023 | 265.80 Mn |
| Jun 30, 2023 | 270.50 Mn |
| Mar 31, 2023 | 269.00 Mn |
| Dec 31, 2022 | 266.50 Mn |
| Sep 30, 2022 | 244.60 Mn |
| Jun 30, 2022 | 257.90 Mn |
| Mar 31, 2022 | 275.50 Mn |
| Dec 31, 2021 | 288.10 Mn |
| Sep 30, 2021 | 303.10 Mn |