Dropbox, Inc.

Dropbox, Inc. reported strong financial results for fiscal year 2025, ending December 31, 2025. The company generated $2.52 billion in revenue, achieving a gross profit of $2.02 billion and net income of $508.4 million. Operating income was $689.1 million, driven by disciplined expense management with total operating expenses of $1.33 billion. The company demonstrated robust cash generation, with net cash provided by operating activities reaching $951.8 million. However, significant financing activities, including $1.71 billion in common stock repurchases, resulted in a net cash used in financing activities of $1.53 billion and a net decrease in total cash, cash equivalents, and restricted cash of $454.6 million for the year. The balance sheet shows total assets of $2.84 billion, total liabilities of $4.64 billion, and a stockholders' deficit of $1.80 billion. Basic and diluted earnings per share were both $2.00.

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