Dropbox Reports Strong Q3 2025 Financial Results

Dropbox ( (DBX) ) has issued an update.

On November 6, 2025, Dropbox announced its fiscal 2025 third-quarter financial results, highlighting a GAAP operating margin of 27.5% and a non-GAAP operating margin of 41.1%. Despite a slight year-over-year revenue decrease of 0.7% to $634.4 million, the company exceeded its revenue guidance and improved its operating margins. The launch of a self-serve version of Dash and integration with Dropbox has been positively received, contributing to enhanced customer retention and execution in its core business. The financial results reflect Dropbox’s focus on sustainable growth, with net cash provided by operating activities reaching $302.1 million and free cash flow at $293.7 million.

The most recent analyst rating on (DBX) stock is a Hold with a $30.00 price target. To see the full list of analyst forecasts on Dropbox stock, see the DBX Stock Forecast page.

Spark’s Take on DBX Stock

According to Spark, TipRanks’ AI Analyst, DBX is a Neutral.

Dropbox’s overall stock score reflects strong profitability and cash flow management, offset by significant challenges in revenue growth and financial stability. Technical analysis indicates mixed signals, while valuation appears fair. The earnings call provided some positive insights, but concerns about declining revenue and user base remain.

To see Spark’s full report on DBX stock, click here.

More about Dropbox

Dropbox is a leading company in the technology industry, providing cloud-based file storage and collaboration services. With over 700 million registered users in approximately 180 countries, Dropbox aims to create a more efficient way of working, offering products that help organize life and streamline work processes.

Average Trading Volume: 3,292,679

Technical Sentiment Signal: Strong Buy

Current Market Cap: $7.58B

Find detailed analytics on DBX stock on TipRanks’ Stock Analysis page.