Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

DROPBOX, INC.
Next earnings Aug 7, 2026 (after close) · consensus $0.74 EPS, $632M rev
Last earnings +1.8% on 2026-05-07
Cash-gushing but no-growth file-storage SaaS shrinking its float aggressively; a value/melting-ice-cube tug-of-war at 14x.
Sources: SEC EDGAR (CIK 0001467623, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/21/2026, 8:57:17 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
Middling fundamentals offset by an attractive price (~15% below fair value) — worth a look on the value angle.
Dropbox is a mature, highly cash-generative software business with one glaring problem: it has stopped growing. FY2025 revenue slipped 1.1% to $2.52B, and the 10-K is unusually blunt that 'our rate of growth has declined and we have experienced negative growth,' warning the trend may continue unless new (including AI) initiatives reaccelerate it. Yet the profitability is excellent — 80.1% gross margin, operating income up 41.7% to $689M (margin 27.3%), and net income up 12.4% to $508M — boosted by a 20% cut in R&D spend, signaling a pivot from growth investment toward efficiency and harvest.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.16B | $2.32B | $2.50B | $2.55B | $2.52B |
| Gross profit | $1.71B | $1.88B | $2.02B | $2.10B | $2.02B |
| Operating income | $274M | $181M | $539M | $486M | $689M |
| Net income | $336M | $553M | $454M | $452M | $508M |
| Diluted EPS | $0.85 | $1.52 | $1.31 | $1.40 | $1.86 |
| Net margin | 15.6% | 23.8% | 18.1% | 17.7% | 20.2% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
1 buy · 1 sell · 1 member · last 180d
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 3 sales
| 2026-06-15 | Schubach Sarah Elizabeth Chief Accounting Officer | Sell | 1.31K @ $26.90 | $35.1K |
| 2026-06-02 | Alkarmi Ashraf Co-CEO | Sell | 22.7K @ $27.86 | $632K |
| 2026-06-01 | Alkarmi Ashraf Co-CEO | Award | 479K | |
| 2026-06-01 | Schubach Sarah Elizabeth Chief Accounting Officer | Sell | 1.30K @ $27.66 | $36.1K |
| 2026-05-21 | Campbell Lisa M Director | Award | 9.07K | |
| 2026-05-21 | JENSON WARREN Director | Award | 9.07K | |
| 2026-05-21 | Moore Andrew William Director | Award | 9.07K | |
| 2026-05-21 | Peacock Karen Director | Award | 9.07K | |
| 2026-05-21 | Seibel Michael Director | Award | 9.07K |