Dropbox DBX
Application Software B2B SaaS PLG Cloud-based Software Enterprise Software Consumer Internet Mature SaaS

Dropbox trades at 3.8x EV/NTM revenue on a $9.55B enterprise value. Revenue grew 0.9% year over year to $631.5M in the quarter ending June 2026, an annual run rate of $2.53B. Dropbox reports a 80.2% gross margin and 79.6-month CAC payback.

ARR ($M)
2566.0
Net Dollar Retention
--
ARR Growth
0.9%
EV / NTM Revenue
3.8x
Payback Period
79.6
EV / Run Rate
3.8x
Price & Key Metrics
Price Performance
Company Details
Share Price: 35.7
Last Filing Date: 2026-06-30
Fiscal Year End: 12-31
Last Filing: Form
Founding Year: 2007
IPO Year: 2018
% of 52 wk High: 99%
Description
Dropbox is a file hosting services company that offers cloud storage, file synchronization, personal cloud, and client software.
Reporting Notes
Publishes full-time employee count in 10-Ks under Human Capital. ARR is published in 10-Qs under Key Business Metrics. NDR not published.
Categories
Application Software B2B SaaS PLG Cloud-based Software Enterprise Software Consumer Internet Mature SaaS
Valuation
Market Cap: 8,057.821
Enterprise Value: 9,553.521
EV / Revenue Run Rate: 3.8x
EV / NTM Revenue: 3.8x
EV / 2026 Revenue Estimates: 3.8x
EV / 2027 Revenue Estimates: 3.8x
EV / 2028 Revenue Estimates: 3.8x
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: 2,566.0
ARR Growth %: 1%
ARR/Customer ($K): --
ARR/Employee ($K): 1,214
Revenue
Revenue Run Rate: 2,526
ARR: 2,566.0
2026 Revenue Estimates: 2,504
2027 Revenue Estimates: 2,518
2028 Revenue Estimates: 2,500
LTM Revenue: 2,531
Last Year Run Rate: 2,502
Growth
Revenue Growth: 1%
ARR Growth: 1%
Growth Persistence: --
2026 Revenue Growth Estimates: 0%
2027 Revenue Growth Estimates: 1%
2028 Revenue Growth Estimates: -1%
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is Dropbox growing?

Dropbox grew revenue 0.9% year over year, reaching $631.5M in the quarter ending June 2026.

What multiple does Dropbox trade at?

Dropbox trades at 3.8x EV/NTM revenue and 3.8x EV/run-rate, on an enterprise value of $9.55B.

Is Dropbox profitable?

For Dropbox, operating income was $164.8M last quarter and LTM free cash flow margin is 37.8%.

How long does it take Dropbox to pay back CAC?

Dropbox recovers customer acquisition cost in about 79.6 months.

What sector is Dropbox in?

Public Comps classifies Dropbox under Application Software, B2B SaaS, PLG, Cloud-based Software, Enterprise Software, Consumer Internet, and Mature SaaS.

Where does Public Comps get Dropbox's data?

Figures come from Dropbox's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.