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Dropbox, Inc. balance sheet

At the end of fiscal 2025, Dropbox, Inc. had total assets of $2.84bn, total liabilities of $4.64bn and shareholders' equity of −$1.80bn. It held $891m in cash against $2.14bn of debt: net debt of $1.25bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents3534305195513155332336151,3288911,056
Receivables—29293743505469707976
Total current assets—5181,2101,2431,2281,8501,4901,5171,7381,1911,266
Goodwill969997235237357403402443455457
Total assets—1,0201,6942,6992,3873,0913,1102,9843,3252,8452,826
Accounts payable—32334119263939372436
Deferred revenue (current)—418485554611672703725728730749
Total current liabilities—7388381,0151,0881,1761,1971,2021,2111,8941,179
Total debt000001,3891,3891,3891,3922,1442,610
Total liabilities—9171,0171,8912,0533,3853,4203,1494,0784,6425,015
Shareholders' equity123103677808334−294−309−166−752−1,797−2,188
Net debt (negative = net cash)−353−430−519−551−3158561,156774631,2531,553

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Dropbox, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Dropbox, Inc.