Dropbox (DBX) Invested Capital (2023 - 2026)
Dropbox (DBX) recorded Invested Capital of $421.2 million in Q2 2026, up 20.5% from $349.4 million a year earlier but down 29.8% from the prior quarter.
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Analysis
Dropbox (DBX) Invested Capital (2023 - 2026) Analysis & Trends
For FY2025, Dropbox reported Invested Capital of $331.9 million, up 50.5% from FY2024.
- Across earlier years, Invested Capital came in at $220.5 million in FY2024 and -$165.8 million in FY2023.
- Quarterly Invested Capital has ranged from -$165.8 million in Q4 2023 to $600 million in Q1 2026 over the past five years.
- On a year-over-year basis, Invested Capital has increased for three consecutive quarters.
- Per Business Quant, the preceding three quarters came in at $600 million (Q1 2026), $331.9 million (Q4 2025) and $266.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 97.58 Bn | 72.83 Bn | 6.00 Bn | 13.36 Bn |
| 2 | Atlassian | 55.96 Bn | 49.24 Bn | 1.53 Bn | 2.05 Bn |
| 3 | Autodesk | 50.57 Bn | 38.61 Bn | 1.87 Bn | 6.36 Bn |
| 4 | Twilio | 39.35 Bn | 29.42 Bn | 725.87 Mn | 9.97 Bn |
| 5 | Zoom Communications | 28.55 Bn | -2.24 Bn | 985.50 Mn | - |
| 6 | Figma | 11.38 Bn | 4.89 Bn | 309.61 Mn | - |
| 7 | Dropbox | 8.07 Bn | 3.71 Bn | 506.50 Mn | 421.20 Mn |
| 8 | Nice | 7.10 Bn | 5.56 Bn | 995.81 Mn | - |
| 9 | RingCentral | 6.67 Bn | 6.16 Bn | 472.31 Mn | 510.29 Mn |
| 10 | Open Text | 6.41 Bn | 1.84 Bn | 1.01 Bn | 9.79 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 421.20 Mn |
| Mar 31, 2026 | 600.00 Mn |
| Dec 31, 2025 | 346.90 Mn |
| Sep 30, 2025 | 277.60 Mn |
| Jun 30, 2025 | 359.40 Mn |
| Mar 31, 2025 | 589.80 Mn |
| Dec 31, 2024 | 220.50 Mn |
| Dec 31, 2023 | -165.80 Mn |
API Access
Dropbox Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "DBX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();