Growth Metrics

Dropbox (DBX) Invested Capital (2017 - 2025)

Dropbox (DBX) has disclosed Invested Capital for 9 consecutive years, with -$1.5 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Invested Capital fell 241.02% year-over-year to -$1.5 billion, compared with a TTM value of -$1.5 billion through Dec 2025, down 241.02%, and an annual FY2025 reading of -$1.5 billion, down 241.02% over the prior year.
  • Invested Capital was -$1.5 billion for Q4 2025 at Dropbox, down from -$1.2 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $193.1 million in Q2 2021 and bottomed at -$1.5 billion in Q4 2025.
  • Average Invested Capital over 5 years is -$283.1 million, with a median of -$118.8 million recorded in 2023.
  • The sharpest move saw Invested Capital skyrocketed 377.16% in 2023, then crashed 35290.48% in 2025.
  • Year by year, Invested Capital stood at -$5.8 million in 2021, then crashed by 639.66% to -$42.9 million in 2022, then surged by 377.16% to $118.9 million in 2023, then crashed by 457.95% to -$425.6 million in 2024, then plummeted by 241.02% to -$1.5 billion in 2025.
  • Business Quant data shows Invested Capital for DBX at -$1.5 billion in Q4 2025, -$1.2 billion in Q3 2025, and -$978.8 million in Q2 2025.