DBX

DropboxB

Nasdaq / Software & Services

At close

2026-07-18

Current thesis

The quarter showed that Dropbox can still produce solid cash flow and margin leverage, and the company paired that with reaffirmed-to-upward FY26 expectations plus a leadership handoff that keeps product strategy close to the core business.

Posture

Constructive

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta -0.4.

What can break

Core growth is still slow: Q1 revenue was up only 0.8% overall and 2.0% excluding FormSwift, while ex-FormSwift ARR growth was only 1.3% [#IR-2026-05-07].

Momentum

Value

Sentiment

Setup hits (3d)

— · Net —

AI TargetsBase $26.40 · Bull $30.50 · Bear $21.50

Data freshness

Prices

As of 2026-07-18

Fundamentals

As of 2026-07-17 • Vendor: Data Vendor v1

Scores

As of 2026-07-18 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-29 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-18

Supporting evidence

What

Grade B · Constructive

Confidence Medium · Net —

Target $27.20

Why

Momentum68 · Δ7d +6.9

Value67 · Δ7d -0.4

Sentiment32 · Δ7d -6.8

So what

Strength-led posture. Favor watchlist adds and disciplined entries.

Setup hits not loaded

Load setup hits to see net bias and recent triggers.

Load setup hits

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendImproving

Δ7d

+6.9

Δ21d

+11.7

Value

39% active weight

Current posture

7d trendFlat

Δ7d

-0.4

Δ21d

-1.1

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-6.8

Δ21d

-14.1

Why this grade

Composite grade B. Momentum 68.0 / Value 67.5 / Sentiment 31.9

Fundamentals (TTM)

As of 2026-07-17

Market Cap

$6.89B

Beta

0.63

Shares Out

225.03M

P/E (TTM)

12.7

P/S (TTM)

2.76

P/FCF (TTM)

7.62

Rev YoY

+0.8%

EPS YoY

-4.8%

Gross Margin

+79.6%

Op Margin

+24.3%

Net Debt

$2.55B

Current Ratio

1.22

As of 2026-07-18 • Updated nightlySource: Internal modelMethodology