Dropbox (DBX) Invested Capital (2023 - 2026)

Dropbox (DBX) has reported Invested Capital for 4 consecutive years, with $421.2 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Invested Capital rose 20.55% year-over-year to $421.2 million; the trailing twelve-month figure through Jun 2026 stood at $421.2 million (up 20.55% YoY), and the FY2025 full-year result was $331.9 million, up 50.52% from the prior year.
• Invested Capital fell to $421.2 million in Q2 2026 per DBX's latest filing, from $600.0 million in the prior quarter.
• Across five years, Invested Capital topped out at $600.0 million in Q1 2026 and bottomed at -$165.8 million in Q4 2023.
• Historically, Invested Capital has averaged $325.4 million across 4 years, with a median of $340.6 million in 2025.
• The sharpest annual moves came in 2024 and 2026: Invested Capital jumped 232.99% in 2024, then rose 3.48% in 2026.
• Over 4 years, Invested Capital stood at -$165.8 million in 2023, then surged by 232.99% to $220.5 million in 2024, then soared by 50.52% to $331.9 million in 2025, then rose by 26.91% to $421.2 million in 2026.
• According to Business Quant data, Invested Capital over the past three periods registered $421.2 million, $600.0 million, and $331.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.