Dropbox (DBX) Research & Development (2017 - 2026)
Dropbox's (DBX) quarterly Research & Development came in at $86.9 million in Q1 2026, down 5.54% YoY from $92.0 million in Q1 2025, and down 81.14% on a QoQ basis from $460.7 million in Q4 2025.
Dropbox (DBX) Research & Development (2017 - 2026) Analysis & Trends
Dropbox (DBX) has 10 years of Research & Development data on file, last reported at $86.9 million in Q1 2026.
- Quarterly Research & Development fell 5.54% year-over-year to $86.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $726.9 million (up 7.9% YoY) and the FY2025 annual result came in at $732.0 million, up 58.89% from the prior year.
- Research & Development fell to $86.9 million in Q1 2026, from $460.7 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $590.1 million in Q4 2023 to a low of $86.9 million in Q1 2026.
- A 5-year average of $210.1 million and a median of $215.0 million in 2022 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2023 — Research & Development soared 461.47% — and 2024, when it plunged 78.16%.
- Tracing DBX's Research & Development over 5 years: stood at $105.1 million in 2022, then soared by 461.47% to $590.1 million in 2023, then sank by 78.16% to $128.9 million in 2024, then jumped by 257.41% to $460.7 million in 2025, then slumped by 81.14% to $86.9 million in 2026.
- The last three Research & Development figures came in at $86.9 million (Q1 2026), $460.7 million (Q4 2025), and $91.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Dropbox | 7.61 Bn | 6.50 Bn | 506.50 Mn | 188.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 188.10 Mn |
| Mar 31, 2026 | 86.90 Mn |
| Dec 31, 2025 | 460.70 Mn |
| Sep 30, 2025 | 91.50 Mn |
| Jun 30, 2025 | 87.80 Mn |
| Mar 31, 2025 | 92.00 Mn |
| Dec 31, 2024 | 128.90 Mn |
| Sep 30, 2024 | 225.70 Mn |
| Jun 30, 2024 | 227.10 Mn |
| Mar 31, 2024 | 108.80 Mn |
| Dec 31, 2023 | 590.10 Mn |
| Sep 30, 2023 | 216.40 Mn |
| Jun 30, 2023 | 262.80 Mn |
| Mar 31, 2023 | 235.20 Mn |
| Dec 31, 2022 | 105.10 Mn |
| Sep 30, 2022 | 227.60 Mn |
| Jun 30, 2022 | 215.00 Mn |
| Mar 31, 2022 | 210.80 Mn |
| Dec 31, 2021 | -126.50 Mn |
| Sep 30, 2021 | 187.30 Mn |