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
DateValue
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