Added to YB: 2025-11-24
Pitch date: 2025-11-20
DBX [bearish]
Dropbox, Inc.
+1.94%
current return
Author Info
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Company Info
Dropbox, Inc. provides a content collaboration platform in the United States and internationally. The company’s platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.
Market Cap
$7.6B
Pitch Price
$28.88
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.37
P/E
17.48
EV/Sales
3.91
Sector
Software
Category
N/A
Dropbox - AI Loser and Secular Short
DBX (short): Subscale FSS player vs MSFT/GOOGL dominance; AI bundling accelerates decline. Downloads -30% YoY, FTP conversions at -2% (lowest ever), paying users shrinking. Market share fell 4.4%→3.2%. New products (Dash) immaterial. Buybacks slowing due to convert maturities. 8x EV/EBITDA expensive vs declining revenue peers at <4x.
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