DBX
You’ve read what changed. Here’s whether the market is confirming it.
Market read
The latest filing evidence is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 20 directly disclosed connections are confirming.
Invalidation: The isolated read changes if DBX's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 20 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Comparison of the six months ended June 30, 2026 and 2025 Revenue Six Months Ended June 30, 2026 2025 $ Change % Change (In millions) Revenue $ 1,261.0 $ 1,250.4 $ 10.6 0.8 % Revenue increased $10.6 million or 0.8% during the six months ended June 30, 2026, a…”10-Q · Aug 7, 2026 ↗
“Research and development Six Months Ended June 30, 2026 2025 $ Change % Change (In millions) Research and development $ 372.3 $ 362.8 $ 9.5 2.6 % Research and development expenses increased $9.5 million or 2.6% during the six months ended June 30, 2026, as co…”10-Q · Aug 7, 2026 ↗
“For the six months ended June 30, 2026, net cash provided by investing activities was $86.1 million, which primarily related to $89.5 million in net investment activity inflows, driven by maturities of short-term investments, offset by cash paid for capital e…”10-Q · Aug 7, 2026 ↗
“Interest expense, net Six Months Ended June 30, 2026 2025 $ Change % Change (In millions) Interest expense, net $ (86.7) $ (33.2) $ (53.5) 161.1 % Interest expense, net increased by $53.5 million during the six months ended June 30, 2026, as compared to the s…”10-Q · Aug 7, 2026 ↗
Valuation discipline
Price/sales 3.7× · EV/sales 3.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:00 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for DBX. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-07 against the comparable filing from 2025-08-08.
Capital and cash conversion
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
“Our gross margin decreased during the six months ended June 30, 2026 compared to the six months ended June 30, 2025, primarily due to a 5.3% increase in our cost of revenue, partially offset by a 0.8% increase in revenue during the period, as described above.”
“Interest expense, net Three Months Ended June 30, 2026 2025 $ Change % Change (In millions) Interest expense, net $ (50.0) $ (18.6) $ (31.4) 168.8 % Interest expense, net increased by $31.4 million during the three months ended June 30, 2026, as compared to the three months ended June 30, 2025, primarily due to an increase in interest expense related to our term loan facility now that it is fully drawn.”
“Interest expense, net Six Months Ended June 30, 2026 2025 $ Change % Change (In millions) Interest expense, net $ (86.7) $ (33.2) $ (53.5) 161.1 % Interest expense, net increased by $53.5 million during the six months ended June 30, 2026, as compared to the six months ended June 30, 2025, primarily due to an increase in interest expense related to our term loan facility now that it is fully drawn.”
Point-in-time filing assessment published from the live pipeline.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Products like Dropbox Backup, Dropbox Sign, DocSend, Dropbox Dash ("Dash"), Dropbox Replay, Dropbox Transfer, and Reclaim.ai, Inc.”
“We also integrate seamlessly with other products, integrating with partners including Microsoft, Zoom, Slack (now part of Salesforce), BetterCloud, Atlassian, Google and a variety of productivity, collaboration, data management, and security vendors.”
Depended on by
“In the enterprise file sync and share market, our primary competitors include, but are not limited to, Microsoft (OneDrive), Google (Drive) and, to a lesser extent, Dropbox.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 17 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
DBX is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for DBX; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.