Dropbox, Inc. Class A (DBX)

Dropbox reported Q3 2025 EPS of $0.74, beating forecasts, with revenue of $634.4 million, which was flat year-over-year but exceeded expectations. In August 2025, Dropbox reported Q2 2025 results, with sales of $625.7 million exceeding market expectations. In September 2025, Dropbox announced an additional $1.5 billion stock repurchase program. The company acquired Mobius Labs to enhance its AI capabilities in Q3 2025. In October 2024, Dropbox announced a workforce reduction to increase efficiency and strengthen its core business. In February 2025, Dropbox took out a $2 billion loan from Blackstone, primarily for share buybacks.

Dropbox's demand does not exhibit strong seasonal patterns. Demand is influenced by broader market trends, competitive pressures, and strategic shifts. Recent financial reports indicate a slowdown in revenue growth and a projected decline in paying users for the full fiscal year 2025. The company's strategy focuses on operational efficiency, margin expansion, and the monetization of new AI-powered products.

Dropbox, Inc. is an American technology company providing a content collaboration platform in the SaaS and cloud storage industries. Founded in 2007, it offers cloud storage and file synchronization services for individuals, teams, and organizations. Its major products include Dropbox Basic, Plus, Professional, and Business for cloud storage and file sharing, Dropbox Paper for collaborative document creation, HelloSign for e-signatures, Dropbox Dash for AI-powered universal search, DocSend for secure document sharing, Dropbox Backup for automatic device backup, and Reclaim.ai for AI-powered scheduling. Dropbox serves customers across diverse industries, including professional services, technology, media, education, industrial, consumer and retail, and financial services.

Dropbox, Inc. is headquartered in San Francisco, California, with a global presence including offices in Austin, Mountain View, and Seattle in the United States; Sydney, Australia; Hamburg, Germany, Dublin, Ireland, and London, United Kingdom in Europe; and Singapore in Asia. In 2017, Dropbox announced a global network expansion to enhance synchronization speeds and reduce costs.

Dropbox has maintained a generally positive brand reputation, particularly concerning customer satisfaction with its core services and new product offerings. On G2, Dropbox holds a rating of 4.4 out of 5 stars based on over 30,000 reviews. The company has received positive customer reception for new products like Dropbox Dash for Business. The company emphasizes its commitment to security, offering advanced data protection and end-to-end encryption.

Dropbox, Inc. is largely owned by institutional investors, holding approximately 75.60% of the stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., LSV Asset Management, Renaissance Technologies LLC, Acadian Asset Management LLC, Arrowstreet Capital, Limited Partnership, UBS Group AG, State Street Corp, Morgan Stanley and Jacobs Levy Equity Management Inc. The largest individual shareholder is Andrew Houston, the co-founder and CEO, owning 3.37% of the company. Dropbox insiders collectively own 7.03% of the company, and retail investors hold 17.36%.