The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 508,400 | 452,300 | 453,600 | 553,200 |
| Depreciation and amortization | 157,400 | 137,300 | 170,000 | 157,100 |
| Stock-based compensation | 300,800 | 346,500 | 338,000 | 330,700 |
| Impairment related to real estate assets | - | - | - | 175,200 |
| Net (gain) loss on real estate assets | -1,300 | 100 | -155,200 | - |
| Amortization of debt issuance costs | 10,000 | 4,600 | 4,200 | 4,200 |
| Net (gain) loss on equity investments | 700 | -200 | 0 | 5,000 |
| Amortization of deferred commissions | 25,900 | 30,300 | 38,600 | 39,500 |
| Net gains on lease termination | - | - | - | 0 |
| Non-cash operating lease expense | 37,600 | 35,900 | 43,500 | 63,800 |
| Deferred taxes | 51,700 | -5,400 | 38,400 | -396,300 |
| Other | 11,200 | -3,800 | 600 | 800 |
| Trade and other receivables, net | 6,700 | 2,400 | 14,500 | 5,500 |
| Prepaid expenses and other current assets | 26,200 | 5,400 | 41,100 | 50,000 |
| Other assets | -6,900 | -6,400 | -23,300 | 9,700 |
| Accounts payable | -12,600 | -4,500 | 1,200 | 13,000 |
| Accrued and other current liabilities | -29,400 | -24,700 | -20,800 | 4,700 |
| Accrued compensation and benefits | 5,900 | -4,100 | -22,600 | -6,800 |
| Deferred revenue | 2,000 | 1,500 | 21,600 | 25,600 |
| Other non-current liabilities | 10,100 | -6,400 | -1,500 | -17,900 |
| Operating lease liabilities | -40,800 | -57,000 | -65,400 | -86,400 |
| Tenant improvement allowance reimbursement | 0 | 0 | 1,100 | 8,700 |
| Cash paid for lease termination | 36,000 | 14,900 | 28,100 | 0 |
| Net cash provided by operating activities | 951,800 | 894,100 | 783,700 | 797,300 |
| Capital expenditures | 21,000 | 22,500 | 24,300 | 33,800 |
| Purchase of intangible assets | 400 | 200 | 300 | 1,100 |
| Business combinations, net of cash acquired | 13,100 | 57,800 | 0 | 75,400 |
| Purchases of short-term investments | 0 | 62,300 | 208,700 | 571,200 |
| Proceeds from sales of short-term investments | 0 | 241,700 | 352,400 | 213,700 |
| Proceeds from maturities of short-term investments | 124,800 | 313,700 | 252,200 | 389,100 |
| Proceeds from sales of equity investments | 1,700 | 0 | 0 | 10,600 |
| Cash receipts from equipment rebates | 17,100 | - | - | - |
| Other | -2,800 | -31,200 | -23,900 | -19,600 |
| Net cash provided by investing activities | 111,900 | 443,800 | 395,200 | -48,500 |
| Proceeds from issuance of convertible senior notes | - | - | 0 | 0 |
| Purchases of convertible note hedge in connection with issuance of convertible senior notes | - | - | 0 | 0 |
| Proceeds from sale of warrants in connection with issuance of convertible senior notes | - | - | 0 | 0 |
| Proceeds from term loan facility | 500,000 | 1,000,000 | - | - |
| Payments of debt issuance costs and loan commitment fees | 21,600 | 50,100 | 100 | 0 |
| Principal payments against term loan facility | 11,600 | - | - | - |
| Payments for taxes related to net share settlement of restricted stock units and awards | 151,000 | 148,700 | 135,100 | 119,400 |
| Proceeds from issuance of common stock, net of taxes withheld | 100 | 900 | 2,500 | 500 |
| Principal payments on finance lease obligations | 128,600 | 129,400 | 126,600 | 127,500 |
| Common stock repurchases | 1,713,900 | 1,241,600 | 539,900 | 795,400 |
| Other | - | - | - | 0 |
| Payment of acquisition-related indemnification holdback | 4,100 | 17,700 | - | - |
| Net cash used in financing activities | -1,530,700 | -586,600 | -799,200 | -1,041,800 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 12,400 | -5,700 | 2,400 | -7,200 |
| Change in cash, cash equivalents, and restricted cash | -454,600 | 745,600 | 382,100 | -300,200 |
| Cash, cash equivalents, and restricted cash- beginning of period | 1,360,500 | 614,900 | 232,800 | 533,000 |
| Cash, cash equivalents, and restricted cash- end of period | 905,900 | 1,360,500 | 614,900 | 232,800 |
DROPBOX, INC. (DBX)
DROPBOX, INC. (DBX)