Dropbox Inc. (DBX) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$36.30 -0.57% NASDAQ • Public Delayed / 60s Snapshot

Dropbox Inc. (DBX) carries a Roarable Rating of C+ (Hold) with 68/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.

ROARABLE C+ • HOLD / WATCH Cap $8.19B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERHOLD / WATCH • C+
025507510068
2-of-3 JEV AI Jury Bullish
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw C- · Rk B+
Cash (14)Whales (10)SEC (16)Macro (16)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+4.5% Base Target
$45 Bull$38 Base$30 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:53% Call Buyers ($2.4M)
47% PutsMax Pain: $36.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How DBX Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$930.8M (36.9% FCF Margin)
Revenue$2.52BGross Profit $2.02B (80.1%)Cost of Sales $500.8MOp Profit $689.1M (27.3%)OpEx (R&D/SG&A) $1.33BNet Profit$508.4M (20.2%)Tax/Other $180.7M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $2.50B
FY24
Rev $2.55B
FY25
Rev $2.52B
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$2.52B80.1%27.3%$508.4M$930.8M95%
FY 2024$2.55B82.5%19.1%$452.3M$871.6M95%
FY 2023$2.50B44%21.5%$453.6M$671.1M15.6%
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Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring DBX)

  • ✓Live walkthrough of DBX's RQD Radar, SEC cash-conversion gap & downside levels
  • ✓3 asymmetric Bear/Hedge setups institutions use when 10-year yields stay elevated
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RQD INSIDER CLUB UPGRADE$49/YEAR
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DBX // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +49.24%▲ ASCENDING CHANNEL
2026-10-30O $36.44H $36.62L $35.85C $36.25VOL 2.36M
RES: $42.10SUP: $33.34SMA50: $35.24SMA200: $29.00
$39.24$35.02$30.80$26.58$22.36RES $42.10SUP $33.34$36.252026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

DBX Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
8.7%/yr Implied 5Y Growth

vs. -1.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on DBX today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for DBX. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for DBX today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DBX Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Dropbox Inc. (DBX)?

In FY 2025 (10-K), DBX converted $2.5B of revenue into a 80.1% gross margin, 27.3% operating margin, and $930.8M in free cash flow (36.9% FCF margin).