NYSE : DOCN
DigitalOcean Holdings, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 99.97 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 11.75B
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Financial statements
DigitalOcean Holdings, Inc. (DOCN) reported revenue of 1.01B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.01B | 901.43M | 780.62M | 692.88M | 576.32M | 428.56M |
| Cost of Revenue | 432.54M | 361.83M | 314.67M | 295.39M | 211.93M | 170.59M |
| Gross Profit | 578.58M | 539.59M | 465.94M | 397.50M | 364.39M | 257.97M |
| Selling, General & Admin | 240.18M | 220.98M | 219.78M | 193.89M | 229.85M | 153.00M |
| Research & Development | 188.73M | 161.62M | 141.68M | 136.92M | 143.88M | 115.68M |
| Operating Expenses | 428.90M | 382.60M | 361.46M | 330.81M | 373.74M | 268.68M |
| Operating Income | 149.67M | 156.99M | 104.48M | 66.69M | -9.34M | -10.72M |
| Interest Expense | -38.93M | -25.36M | -17.10M | -16.89M | -15.88M | -3.74M |
| Interest & Investment Income | 13.72M | 11.31M | 19.88M | 23.77M | 11.88M | 123.00K |
| Currency Exchange Gain (Loss) | 15.35M | 15.35M | 3.92M | 8.01M | 6.21M | -515.00K |
| Other Non Operating Income (Expenses) | -11.28M | 556.00K | ||||
| EBT Excluding Unusual Items | 128.53M | 158.29M | 111.17M | 81.57M | -7.12M | -14.30M |
| Merger & Restructuring Charges | -12.66M | -54.80M | -14.88M | -469.00K | ||
| Asset Writedown | -815.00K | -1.47M | ||||
| Other Unusual Items | 45.94M | 48.37M | -407.00K | -3.44M | ||
| Pretax Income | 174.47M | 206.66M | 97.70M | 26.78M | -23.89M | -18.20M |
| Income Tax Expense | -60.77M | -52.60M | 13.21M | 7.37M | 3.92M | 1.30M |
| Net Income | 235.24M | 259.26M | 84.49M | 19.41M | -27.80M | -19.50M |
| Net Income to Common | 235.24M | 259.26M | 84.49M | 19.41M | -27.80M | -19.50M |
| Shares Outstanding (Basic) | 95.14M | 91.48M | 91.63M | 90.14M | 100.81M | 93.22M |
| Shares Outstanding (Diluted) | 113.94M | 105.34M | 94.50M | 96.42M | 100.81M | 93.22M |
| EPS (Basic) | 2.47 | 2.83 | 0.92 | 0.22 | -0.28 | -0.21 |
| EPS (Diluted) | 2.10 | 2.52 | 0.89 | 0.20 | -0.28 | -0.21 |
| Free Cash Flow | 16.08M | 53.69M | 104.56M | 115.64M | 88.76M | 36.04M |
| Free Cash Flow Per Share | 0.14 | 0.51 | 1.11 | 1.20 | 0.88 | 0.39 |
| Gross Margin | 57.22% | 59.86% | 59.69% | 57.37% | 63.23% | 60.19% |
| Operating Margin | 14.80% | 17.42% | 13.38% | 9.62% | -1.62% | -2.50% |
| Profit Margin | 23.27% | 28.76% | 10.82% | 2.80% | -4.82% | -4.55% |
| Free Cash Flow Margin | 1.59% | 5.96% | 13.39% | 16.69% | 15.40% | 8.41% |
| EBITDA | 308.63M | 284.30M | 226.61M | 176.12M | 80.77M | 64.23M |
| EBITDA Margin | 30.52% | 31.54% | 29.03% | 25.42% | 14.02% | 14.99% |
| D&A For EBITDA | 158.96M | 127.31M | 122.13M | 109.43M | 90.11M | 74.95M |
| EBIT | 149.67M | 156.99M | 104.48M | 66.69M | -9.34M | -10.72M |
| EBIT Margin | 14.80% | 17.42% | 13.38% | 9.62% | -1.62% | -2.50% |
| Effective Tax Rate | 13.52% | 27.51% | ||||
| Advertising Expenses | 9.65M | 9.96M | 7.86M | 19.91M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 767.03M | 254.47M | 428.45M | 317.24M | 140.77M | 1.71B |
| Short-Term Investments | 94.53M | 723.46M | ||||
| Cash & Short-Term Investments | 767.03M | 254.47M | 428.45M | 411.77M | 864.23M | 1.71B |
| Accounts Receivable | 115.00M | 90.91M | 72.49M | 62.19M | 53.83M | 39.62M |
| Other Receivables | 27.93M | 18.62M | 12.61M | |||
| Receivables | 115.00M | 118.84M | 91.11M | 74.79M | 53.83M | 39.62M |
| Prepaid Expenses | 89.54M | 48.51M | 20.55M | 15.06M | 18.82M | 17.05M |
| Restricted Cash | 9.10M | |||||
| Other Current Assets | 46.04M | 5.15M | 1.61M | 1.37M | ||
| Total Current Assets | 1.02B | 426.98M | 541.72M | 502.99M | 945.99M | 1.77B |
| Property, Plant & Equipment | 1.56B | 749.72M | 533.29M | 445.89M | 409.47M | 230.59M |
| Goodwill | 350.65M | 348.67M | 348.67M | 348.32M | 315.17M | 32.17M |
| Other Intangible Assets | 93.37M | 209.74M | 204.85M | 154.90M | 136.33M | 61.97M |
| Long-Term Deferred Tax Assets | 93.99M | 90.31M | 200.00K | 1.99M | 751.00K | 88.00K |
| Other Long-Term Assets | 12.40M | 12.29M | 10.28M | 6.86M | 7.92M | 6.12M |
| Total Assets | 3.12B | 1.84B | 1.64B | 1.46B | 1.82B | 2.10B |
| Accounts Payable | 10.39M | 38.84M | 54.56M | 3.96M | 21.14M | 12.66M |
| Accrued Expenses | 70.88M | 96.40M | 74.22M | 72.31M | 33.99M | 28.51M |
| Current Portion of Long-Term Debt | 351.60M | 325.11M | ||||
| Current Portion of Leases | 216.07M | 139.45M | 79.33M | 86.54M | 57.43M | |
| Current Income Taxes Payable | 40.85M | 6.75M | ||||
| Current Unearned Revenue | 53.04M | 5.88M | 5.40M | 5.34M | 5.55M | 4.83M |
| Other Current Liabilities | 74.14M | 13.79M | 7.44M | 24.50M | 6.56M | 5.49M |
| Total Current Liabilities | 776.11M | 619.46M | 220.96M | 192.65M | 165.52M | 58.24M |
| Long-Term Debt | 737.34M | 970.65M | 1.49B | 1.48B | 1.47B | 1.46B |
| Long-Term Leases | 672.85M | 266.00M | 131.53M | 95.68M | 107.69M | |
| Long-Term Deferred Tax Liabilities | 3.95M | 4.09M | 4.12M | 3.53M | 20.76M | 421.00K |
| Other Long-Term Liabilities | 2.06M | 6.19M | 5.01M | 3.83M | 1.46M | |
| Total Liabilities | 2.19B | 1.87B | 1.84B | 1.77B | 1.77B | 1.52B |
| Common Stock | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K | 2.00K |
| Additional Paid-In Capital | 925.01M | 16.00M | 57.28M | 30.99M | 263.96M | 769.71M |
| Retained Earnings | 7.47M | -43.74M | -258.74M | -344.24M | -214.34M | -186.54M |
| Treasury Stock | -4.60M | |||||
| Comprehensive Income & Other | -1.76M | -960.00K | -1.50M | -452.00K | -2.05M | -374.00K |
| Total Common Equity | 930.73M | -28.69M | -202.96M | -313.70M | 47.57M | 578.20M |
| Shareholders' Equity | 930.73M | -28.69M | -202.96M | -313.70M | 47.57M | 578.20M |
| Total Liabilities & Equity | 3.12B | 1.84B | 1.64B | 1.46B | 1.82B | 2.10B |
| Total Debt | 1.98B | 1.70B | 1.70B | 1.66B | 1.64B | 1.46B |
| Net Cash (Debt) | -1.21B | -1.45B | -1.27B | -1.25B | -771.16M | 250.71M |
| Net Cash Per Share | -10.63 | -13.73 | -13.42 | -12.95 | -7.65 | 2.69 |
| Filing Date Shares Outstanding | 117.58M | 92.00M | 92.07M | 90.80M | 96.96M | 107.61M |
| Total Common Shares Outstanding | 105.00M | 91.95M | 92.23M | 90.24M | 96.73M | 107.21M |
| Working Capital | 241.50M | -192.48M | 320.76M | 310.35M | 780.48M | 1.71B |
| Book Value Per Share | 8.86 | -0.31 | -2.20 | -3.48 | 0.49 | 5.39 |
| Tangible Book Value | 486.71M | -587.10M | -756.48M | -816.92M | -403.93M | 484.06M |
| Tangible Book Value Per Share | 4.64 | -6.39 | -8.20 | -9.05 | -4.18 | 4.52 |
| Machinery | 1.19B | 933.84M | 835.45M | 659.02M | 566.27M | 489.00M |
| Leasehold Improvements | 496.00K | 412.00K | 6.99M | 6.82M | 6.82M | 6.82M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 235.24M | 259.26M | 84.49M | 19.41M | -27.80M | -19.50M |
| Depreciation & Amortization | 158.96M | 127.31M | 122.13M | 109.43M | 90.11M | 74.95M |
| Other Amortization | 13.14M | 10.14M | 7.92M | 8.43M | 12.12M | 13.42M |
| Asset Writedown & Restructuring Costs | 52.00K | 52.00K | 356.00K | 1.14M | 1.64M | 285.00K |
| Loss (Gain) From Sale of Investments | 2.57M | 1.87M | -6.13M | |||
| Stock-Based Compensation | 95.03M | 80.31M | 90.55M | 88.35M | 105.83M | 61.58M |
| Provision & Write-off of Bad Debts | 17.46M | 17.98M | 16.45M | 15.36M | 16.55M | 9.21M |
| Other Operating Activities | -138.35M | -134.07M | 15.57M | 13.40M | 18.04M | 1.03M |
| Change in Accounts Receivable | -51.38M | -36.21M | -26.75M | -22.67M | -26.64M | -20.68M |
| Change in Accounts Payable | 21.85M | 12.28M | 7.42M | -11.08M | 5.50M | 9.44M |
| Change in Unearned Revenue | 41.77M | 485.00K | 57.00K | -315.00K | -290.00K | -51.00K |
| Change in Other Net Operating Assets | -83.82M | -27.94M | -38.04M | 11.62M | 6.24M | 3.44M |
| Operating Cash Flow | 309.96M | 309.60M | 282.73M | 234.94M | 195.15M | 133.11M |
| Capital Expenditures | -293.88M | -255.91M | -178.17M | -119.30M | -106.39M | -97.07M |
| Sale of Property, Plant & Equipment | 230.00K | 230.00K | 43.00K | 236.00K | 981.00K | 494.00K |
| Cash Acquisitions | -4.04M | -99.02M | -305.17M | -5.00M | ||
| Sale (Purchase) of Intangibles | -19.89M | -12.60M | -8.36M | -8.01M | -19.23M | -12.03M |
| Investment in Securities | 91.67M | 627.25M | -718.35M | |||
| Investing Cash Flow | -317.58M | -268.29M | -94.81M | 401.15M | -1.15B | -113.61M |
| Long-Term Debt Issued | 1.11B | 1.46B | ||||
| Long-Term Debt Repaid | -1.22B | -5.47M | -2.26M | -263.35M | ||
| Net Debt Issued (Repaid) | -461.76M | -114.38M | -5.47M | -2.26M | 1.20B | |
| Issuance of Common Stock | 897.52M | 9.01M | 17.16M | 43.39M | 19.43M | 747.72M |
| Repurchase of Common Stock | -54.45M | -111.53M | -88.14M | -510.03M | -628.28M | -353.19M |
| Other Financing Activities | 4.08M | -1.52M | ||||
| Financing Cash Flow | 385.39M | -216.91M | -76.45M | -468.90M | -610.36M | 1.59B |
| Foreign Exchange Rate Adjustments | -81.00K | 30.00K | -264.00K | -15.00K | -249.00K | 5.00K |
| Net Cash Flow | 377.69M | -175.56M | 111.21M | 167.18M | -1.56B | 1.61B |
| Free Cash Flow | 16.08M | 53.69M | 104.56M | 115.64M | 88.76M | 36.04M |
| Free Cash Flow Margin | 1.59% | 5.96% | 13.39% | 16.69% | 15.40% | 8.41% |
| Free Cash Flow Per Share | 0.14 | 0.51 | 1.11 | 1.20 | 0.88 | 0.39 |
| Levered Free Cash Flow | -23.83M | -14.43M | 102.16M | 98.57M | 91.44M | 13.71M |
| Unlevered Free Cash Flow | 496.75K | 1.42M | 112.85M | 109.13M | 101.36M | 16.05M |
| Cash Interest Paid | 23.79M | 9.69M | 1.05M | 916.00K | 475.00K | 2.34M |
| Cash Income Tax Paid | 3.05M | 6.28M | 19.67M | 2.72M | 4.57M | 921.00K |
| Change in Working Capital | -71.57M | -51.38M | -57.30M | -22.44M | -15.19M | -7.86M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.54B | 4.40B | 3.14B | 3.16B | 2.45B | 8.77B |
| Enterprise Value | 11.75B | 5.78B | 4.33B | 4.43B | 3.10B | 8.18B |
| Last Close Price | 89.65 | 48.12 | 34.07 | 36.69 | 25.47 | 80.33 |
| PE Ratio | 42.64 | 16.98 | 37.21 | 162.59 | ||
| Forward PE | 66.64 | 26.42 | 19.91 | 23.11 | 24.54 | 159.01 |
| PS Ratio | 10.43 | 4.88 | 4.03 | 4.55 | 4.26 | 20.46 |
| PB Ratio | 10.11 | -153.45 | -15.49 | -10.06 | 51.56 | 15.17 |
| P/TBV Ratio | 21.66 | 18.12 | ||||
| P/FCF Ratio | 655.49 | 82.00 | 30.07 | 27.29 | 27.63 | 243.34 |
| P/OCF Ratio | 34.01 | 14.22 | 11.12 | 13.43 | 12.57 | 65.88 |
| PEG Ratio | 35.98 | 4.62 | 4.93 | 4.93 | 4.93 | 4.93 |
| EV/Sales Ratio | 11.62 | 6.41 | 5.55 | 6.39 | 5.37 | 19.09 |
| EV/EBITDA Ratio | 38.08 | 20.33 | 19.11 | 25.16 | 38.34 | 127.35 |
| EV/EBIT Ratio | 78.52 | 36.82 | 41.44 | 66.44 | ||
| EV/FCF Ratio | 730.79 | 107.67 | 41.41 | 38.31 | 34.89 | 226.98 |
| Debt / Equity Ratio | 2.12 | -59.30 | -8.36 | -5.29 | 34.38 | 2.53 |
| Debt / EBITDA Ratio | 4.33 | 4.14 | 5.24 | 6.22 | 11.52 | 22.77 |
| Debt / FCF Ratio | 122.99 | 31.69 | 16.22 | 14.36 | 18.42 | 40.59 |
| Net Debt / Equity Ratio | 1.30 | -50.43 | -6.25 | -3.98 | 16.21 | -0.43 |
| Net Debt / EBITDA Ratio | 3.92 | 5.09 | 5.59 | 7.09 | 9.55 | -3.90 |
| Net Debt / FCF Ratio | 75.30 | 26.95 | 12.12 | 10.79 | 8.69 | -6.96 |
| Asset Turnover | 0.42 | 0.52 | 0.50 | 0.42 | 0.29 | 0.34 |
| Quick Ratio | 1.14 | 0.60 | 2.35 | 2.53 | 5.55 | 30.10 |
| Current Ratio | 1.31 | 0.69 | 2.45 | 2.61 | 5.71 | 30.39 |
| Return on Equity (ROE) | 62.27% | -8.89% | -5.74% | |||
| Return on Assets (ROA) | 3.86% | 5.64% | 4.21% | 2.54% | -0.30% | -0.53% |
| Return on Invested Capital (ROIC) | 7.89% | 11.91% | 6.73% | 4.63% | -1.63% | -3.65% |
| Return on Capital Employed (ROCE) | 6.40% | 12.90% | 7.40% | 5.30% | -0.60% | -0.50% |
| Earnings Yield | 2.35% | 5.89% | 2.69% | 0.61% | -1.13% | -0.22% |
| FCF Yield | 0.15% | 1.22% | 3.33% | 3.67% | 3.62% | 0.41% |
| Buyback Yield / Dilution | -15.95% | -11.47% | 1.98% | 4.36% | -8.13% | -123.78% |