Dropbox (DBX) Invested Capital (2017 - 2026)

Dropbox (DBX) posted Invested Capital of -$1.7 billion for Q1 2026, down 16.93% quarter-over-quarter from -$1.5 billion in Q4 2025, and down 129.65% year-on-year from $5.7 billion in Q1 2025.

Dropbox (DBX) Invested Capital (2017 - 2026) Analysis & Trends

Dropbox (DBX) has reported Invested Capital for 10 consecutive years, with -$1.7 billion the latest figure, recorded in Q1 2026.

  • Invested Capital for Q1 2026 came in at -$1.7 billion, down 129.65% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.7 billion (down 129.65% YoY), and the FY2025 annual result was -$1.5 billion, down 241.02% from the prior year.
  • Invested Capital was -$1.7 billion for Q1 2026 at Dropbox, down from -$1.5 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $118.9 million in Q4 2023 and troughed at -$1.7 billion in Q1 2026.
  • Average Invested Capital over 5 years is -$463.2 million, with a median of -$237.3 million recorded in 2024.
  • Year-over-year, Invested Capital surged 377.16% in 2023 and plunged 35290.48% in 2025.
  • Over 5 years, Invested Capital stood at -$42.9 million in 2022, then soared by 377.16% to $118.9 million in 2023, then tumbled by 457.95% to -$425.6 million in 2024, then sank by 241.02% to -$1.5 billion in 2025, then retreated by 16.93% to -$1.7 billion in 2026.
  • Per Business Quant data, the three most recent Invested Capital figures were -$1.7 billion in Q1 2026, -$1.5 billion in Q4 2025, and -$1.2 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 423.21 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 43.06 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 8.45 Bn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 9.39 Bn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 4.43 Bn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 989.70 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 2.82 Bn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 40.59 Bn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 28.97 Bn
10 Dropbox 6.68 Bn 5.39 Bn 501.40 Mn -1.70 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.70 Bn
Dec 31, 2025 -1.45 Bn
Sep 30, 2025 -1.19 Bn
Jun 30, 2025 -978.80 Mn
Mar 31, 2025 -739.00 Mn
Dec 31, 2024 -425.60 Mn
Sep 30, 2024 -237.30 Mn
Jun 30, 2024 -88.60 Mn
Mar 31, 2024 2.10 Mn
Dec 31, 2023 118.90 Mn
Sep 30, 2023 -84.50 Mn
Jun 30, 2023 -141.40 Mn
Mar 31, 2023 -96.20 Mn
Dec 31, 2022 -42.90 Mn
Sep 30, 2022 -346.70 Mn
Jun 30, 2022 -285.00 Mn
Mar 31, 2022 -187.80 Mn
Dec 31, 2021 -5.80 Mn
Sep 30, 2021 140.50 Mn
Jun 30, 2021 193.10 Mn