For the year ending 2025-12-31, DBX made $2,521,000K in revenue. $508,400K in net income. Net profit margin of 20.17%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | 2,521,000 | 2,548,200 | 2,501,600 | 2,324,900 |
| Cost of revenue | 500,800 | 445,100 | 478,500 | 444,200 |
| Gross profit | 2,020,200 | 2,103,100 | 2,023,100 | 1,880,700 |
| Research and development | 732,000 | 914,900 | 936,500 | 891,900 |
| Sales and marketing | 369,900 | 460,700 | 466,000 | 409,400 |
| General and administrative | 230,500 | 241,200 | 237,100 | 222,900 |
| Impairment related to real estate assets | - | - | - | 175,200 |
| Net (gain) loss on real estate assets | -1,300 | 100 | -155,200 | - |
| Total operating expenses | 1,331,100 | 1,616,900 | 1,484,400 | 1,699,400 |
| Income from operations | 689,100 | 486,200 | 538,700 | 181,300 |
| Interest (expense) income, net | -78,600 | 13,900 | 19,400 | 3,300 |
| Other income (loss), net | 7,100 | 9,700 | -3,700 | 8,100 |
| Income before income taxes | 617,600 | 509,800 | 554,400 | 192,700 |
| U.s. federal statutory tax rate | 129,700 | - | - | - |
| State and local income taxes, net of federal benefit | 5,500 | - | - | - |
| Foreign tax effects-IE | -22,300 | - | - | - |
| Other adjustments-IE | 4,900 | - | - | - |
| Foreign tax effects-Foreign Tax Jurisdiction Other | 3,800 | - | - | - |
| Global intangible low-taxed income | 7,800 | - | - | - |
| Foreign-derived intangible income | 0 | - | - | - |
| Other, effect of cross-border tax laws | -300 | - | - | - |
| Research and development tax credits | 19,400 | - | - | - |
| Stock-based compensation | -13,200 | - | - | - |
| Non-deductible compensation | 4,100 | - | - | - |
| Changes in unrecognized tax benefits | 8,600 | - | - | - |
| Other adjustments-US | 0 | - | - | - |
| Provision for income taxes | 109,200 | 57,500 | 100,800 | -360,500 |
| Net income | 508,400 | 452,300 | 453,600 | 553,200 |
| Basic net income per share (in dollars per share) | 1.89 | 1.42 | 1.33 | 1.53 |
| Diluted net income per share (in dollars per share) | 1.86 | 1.4 | 1.31 | 1.52 |
| Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares) | 268,300,000 | 318,200,000 | 341,200,000 | 361,200,000 |
| Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares) | 272,800,000 | 323,400,000 | 345,600,000 | 363,300,000 |
DROPBOX, INC. (DBX)
DROPBOX, INC. (DBX)