Dropbox, Inc.
Dropbox, Inc. (DBX) has a dated report snapshot, but its current priced-in claim is temporarily suppressed because the live engine record is unavailable or has changed.
• Dropbox is a mature, highly profitable subscription business: about 18.1 million paying users generating roughly $141 in average annual revenue each, throwing off close to a billion dollars of free cash flow. • The single most decisive number is the shrinking share count, down nearly 11% a year, as management converts that cash flow into aggressive buybacks rather than growth. • The clearest risk is the absence of growth: paying-user counts are barely moving and the company expects only slight
Is DBX overvalued? See what's priced in →
405 institutional managers reported holding DBX in 13F filings for the quarter ended 2026-03-31. Together they hold about 76% of the company; the top 10 hold 41%. 42 opened new positions that quarter. Held by BlackRock, Vanguard Group, Arrowstreet Capital, among others. On the short side, 28.9M shares were sold short as of the 2026-06-15 count, about 12% of shares outstanding (7.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DBX has cut its share count 39.4% over the past five years, spending $5.13B on repurchases. It pays no dividend. Cash returned over the past three years: $3.53B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at DBX over the trailing three years. Absence is a fact about the company, not a signal. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DBX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | +6.3% | +0.5% |
| 2023-11-04 | -0.6% | +12.2% |
| 2024-02-17 | -22.6% | -8.4% |
| 2024-05-11 | -0.8% | -1.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DBX's latest 8-K filings: 2026-06-01 (items 1.01, 2.03, 7.01, 8.01, 9.01); 2026-05-26 (items 5.07, 9.01); 2026-05-26 (items 5.02, 7.01, 9.01); 2026-05-07 (items 2.02, 7.01, 9.01); 2026-02-19 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.