All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2024-05-01.
From the record
Dropbox, Inc.'s filings since 2017 show 1 warning event: a material cybersecurity incident (8-K item 1.05, the latest 2024-05-01) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+12.9% a year over 10 filed years; profitable in 5 of 10.
From the record
Dropbox, Inc.'s 10 filed years say what it did: revenue went from $845 million in fiscal 2016 to $2.5 billion in fiscal 2025, up 12.9% a year; it rose in 8 of 9 years; the deepest fall was 1% from fiscal 2024 to fiscal 2025; net income was positive in 5 of 10 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count shrank 9.1% a year. 100% of cash flow returned. Insiders: 78 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Dropbox, Inc.'s diluted share count shrank about 9.1% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 78 sales (74 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-09 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
Leverage 163%: owes 163¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Dropbox, Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 71 cents per dollar of everything the company owns. Leverage: it owed about 163 cents per dollar of assets, and net share issuance: its share count shrank 15.6% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 35% of 218 in its family; net margin 20.2%.
From the record
Dropbox, Inc.'s standing among 218 graded names in its industry family: revenue of $2.5 billion in fiscal 2025 ranks in the top 15% by size; a net margin of 20.2% ranks in the top 15%; revenue growth of 2.7% a year over the last 3 filed years ranks in the bottom 26% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 19% of 139 in its family for leadership; chief executive since 2026.
From the record
Dropbox, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Alkarmi, Ashraf (Co-CEO, as filed), filing under that title since 2026-06-03, 5 months (bottom 7% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 1.8 years (bottom 2%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 48%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 18% of 216 in its family for room to expand.
From the record
Dropbox, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $891 million against no long-term debt tagged leaves 31.3% of its assets as net cash, top 22% of its family; cash from operations less capital spending is 36.9% of revenue (top 6%); a gross margin of 80.1% (top 20%); research spending of 29% of revenue (top 26%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 26% of 213 in its family for growth drivers.
From the record
Dropbox, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.7% a year over the last three filed years against 12.9% over all 10, slowing (bottom 36% of its family); the newest year grew -1.1% (bottom 16%); research spending grew -6.4% a year (bottom 19%); capital spending grew -14.7% a year (bottom 33%) (its annual reports). Dropbox, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 29% of 194 in its family for expectations against reality.
From the record
Dropbox, Inc.'s newest year against its own record: revenue of $2.5 billion in fiscal 2025 came in 5.5% below the $2.7 billion its prior three years' pace pointed to (bottom 29% of its family); net income of $508 million against a prior three-year average of $486 million (bottom 29%); a net margin of 20.2% against 19.9% before (bottom 28%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made