Dropbox (DBX) Research & Development (2017 - 2026)
Dropbox (DBX) posted Research & Development of $184.2 million for Q1 2026, down 1.44% quarter-over-quarter from $186.9 million in Q4 2025, and up 3.25% year-on-year from $178.4 million in Q1 2025.
Dropbox (DBX) Research & Development (2017 - 2026) Analysis & Trends
Dropbox (DBX) has reported Research & Development for 10 consecutive years, with $184.2 million the latest figure, recorded in Q1 2026.
- Research & Development for Q1 2026 came in at $184.2 million, up 3.25% year-over-year; the trailing twelve-month figure through Mar 2026 was $737.8 million (down 15.6% YoY), and the FY2025 annual result was $732.0 million, down 19.99% from the prior year.
- Research & Development was $184.2 million for Q1 2026 at Dropbox, down from $186.9 million in the prior quarter.
- Over five years, Research & Development peaked at $262.8 million in Q2 2023 and troughed at $178.4 million in Q1 2025.
- Average Research & Development over 5 years is $215.3 million, with a median of $219.1 million recorded in 2024.
- Year-over-year, Research & Development advanced 22.23% in 2023 and dropped 23.09% in 2025.
- Over 5 years, Research & Development stood at $238.5 million in 2022, then dropped by 6.88% to $222.1 million in 2023, then grew by 9.41% to $243.0 million in 2024, then slipped by 23.09% to $186.9 million in 2025, then slipped by 1.44% to $184.2 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $184.2 million in Q1 2026, $186.9 million in Q4 2025, and $182.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 2.61 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 160.98 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 511.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 356.41 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 214.00 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 150.97 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 714.99 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 1.04 Bn |
| 10 | Dropbox | 6.68 Bn | 5.39 Bn | 501.40 Mn | 184.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 184.20 Mn |
| Dec 31, 2025 | 186.90 Mn |
| Sep 30, 2025 | 182.30 Mn |
| Jun 30, 2025 | 184.40 Mn |
| Mar 31, 2025 | 178.40 Mn |
| Dec 31, 2024 | 243.00 Mn |
| Sep 30, 2024 | 225.70 Mn |
| Jun 30, 2024 | 227.10 Mn |
| Mar 31, 2024 | 219.10 Mn |
| Dec 31, 2023 | 222.10 Mn |
| Sep 30, 2023 | 216.40 Mn |
| Jun 30, 2023 | 262.80 Mn |
| Mar 31, 2023 | 235.20 Mn |
| Dec 31, 2022 | 238.50 Mn |
| Sep 30, 2022 | 227.60 Mn |
| Jun 30, 2022 | 215.00 Mn |
| Mar 31, 2022 | 210.80 Mn |
| Dec 31, 2021 | 201.90 Mn |
| Sep 30, 2021 | 187.30 Mn |
| Jun 30, 2021 | 185.50 Mn |