Growth Metrics

Dropbox (DBX) Invested Capital (2017 - 2025)

Dropbox's Invested Capital history spans 9 years, with the latest figure at -$1.5 billion for Q4 2025.

  • For Q4 2025, Invested Capital fell 241.02% year-over-year to -$1.5 billion; the TTM value through Dec 2025 reached -$1.5 billion, down 241.02%, while the annual FY2025 figure was -$1.5 billion, 241.02% down from the prior year.
  • Invested Capital reached -$1.5 billion in Q4 2025 per DBX's latest filing, down from -$1.2 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $193.1 million in Q2 2021 to a low of -$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.
  • Peak YoY movement for Invested Capital: skyrocketed 377.16% in 2023, then crashed 35290.48% in 2025.
  • A 5-year view of Invested Capital shows it 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.
  • Per Business Quant, the three most recent readings for DBX's Invested Capital are -$1.5 billion (Q4 2025), -$1.2 billion (Q3 2025), and -$978.8 million (Q2 2025).