Flagship explainer
How Dropbox, Inc. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $2.5B | 100% |
| |
| Cost of revenue | $501M | 20% |
|
| $2.0B | 80% |
| |
| $689M | 27% |
| |
| Income before tax | $618M | 24% |
|
| Income tax | $109M | 4% |
|
| $508M | 20% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001467623-26-000008