Dropbox, Inc. Class A (DBX)

In the past six months, several events have impacted Dropbox, Inc.'s stock price. The company's stock experienced a -21.97% change over the past year, with a 52-week range between $24.41 and $33.27. Dropbox reported Q2 and Q3 2025 earnings, both exceeding analyst expectations. The co-founder and CFO notified intentions to sell stock. Dropbox, Inc. announced an equity buyback for $1,200 million worth of its shares. Warren Jenson was appointed as a Member of the Board and Audit Committee.

Demand for Dropbox, Inc.'s products and services exhibits some seasonality. The FormSwift business experiences expected seasonal pressure, particularly outside of tax season. The company has noted softening demand and macro headwinds in its core business, with annualized revenue growth over the last two years being below its five-year trend.

Dropbox, Inc. is an American cloud-based platform specializing in file hosting services, including cloud storage, file synchronization, and client software. It operates in the Technology sector, specifically in SaaS and cloud storage. Dropbox aims to simplify workflows and enhance productivity by providing tools for storing, sharing, and collaborating on files. Its major products and services include the core Dropbox platform, Dropbox Paper, HelloSign, DocSend, Capture, and FormSwift. The company serves a diverse customer base across various industries.

Dropbox, Inc. has a global presence, operating in the United States and internationally. Its headquarters are in San Francisco, California, and it maintains offices in various locations worldwide, including Dublin, Ireland; Austin, Texas; Sydney, Australia; Boston, Massachusetts; Chicago, Illinois; Colorado; Los Angeles, California; New York, New York; as well as in Canada, Japan, Mexico, Poland, Seattle, Washington; Singapore; and the United Kingdom.

In the past year, Dropbox's brand reputation has been influenced by a security incident involving Dropbox Sign, described as contained but posing a reputational and operational risk. The company also undertook a significant layoff in October 2024, reducing its global workforce by 20%. Historically, Dropbox has faced criticisms regarding security and privacy, including a June 2011 authentication problem, a July 2011 privacy policy update raising concerns about data ownership, employee access to user information, email spam incidents in 2012 and 2013, and a 2016 leak of 68 million account passwords. Allegations of gender discrimination by former employees were also reported in February 2020.

Dropbox, Inc. has a significant level of institutional ownership, ranging from 80.13% to approximately 94.84% of the stock, with insider ownership at 6.56%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Lsv Asset Management, Renaissance Technologies Llc, Acadian Asset Management Llc, UBS Group AG, Arrowstreet Capital, Limited Partnership, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, IJH - iShares Core S&P Mid-Cap ETF, and Morgan Stanley.