DigitalOcean Holdings, Inc. DOCN
Our mission is to empower AI-driven and digital-native businesses to build, run, and scale intelligent applications with speed, simplicity and predictable economics through an agentic inference cloud platform that reduces operational complexity and accelerates time to product.
DigitalOcean is an agentic inference cloud platform that helps AI and Digital Native Enterprises build, run, and scale intelligent applications with speed, simplicity, and predictable economics. The platform combines production-ready GPU infrastructure, a full-stack cloud, model-first inference workflows, and an agentic experience layer to reduce operational complexity and accelerate time to production. Our customers include growing technology companies across numerous industry verticals ranging from online gaming to fintech to cybersecurity, among many others, and leverage our platform for a wide variety of use cases, such as building and hosting websites, developing new web and mobile applications, integrating AI into their businesses, and building AI products and applications, among many others. We believe that being simple, scalable and approachable, while offering a comprehensive range of integrated cloud and AI products, are our key differentiators, driving a broad range of customers around the world whose needs are not being fully met by larger cloud providers to build and grow their businesses on our platform.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- North America - Geographic Concentration Risk - Revenue from Contract with Customer
- Europe - Geographic Concentration Risk - Revenue from Contract with Customer
- Asia - Geographic Concentration Risk - Revenue from Contract with Customer
- Rest of the world - Geographic Concentration Risk - Revenue from Contract with Customer
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| North America - Geographic Concentration Risk - Revenue from Contract with Customer | $346.5M | $295.4M | $256.1M |
| Europe - Geographic Concentration Risk - Revenue from Contract with Customer | $243.1M | $222.0M | $202.9M |
| Asia - Geographic Concentration Risk - Revenue from Contract with Customer | $211.3M | $182.4M | $162.5M |
| Rest of the world - Geographic Concentration Risk - Revenue from Contract with Customer | $100.6M | $80.8M | $71.4M |
As the company reported it, from the “Revenue - Revenue by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $901.4M | $780.6M | $692.9M | $576.3M | $428.6M | $318.4M | $254.8M | — |
| Cost of revenue | $361.8M | $314.7M | $295.4M | $211.9M | $170.6M | $145.5M | $122.3M | — |
| Gross profit | $539.6M | $465.9M | $397.5M | $364.4M | $258.0M | $172.8M | $132.6M | — |
| R&D | $161.6M | $142.5M | $136.9M | $143.9M | $115.7M | $75.0M | $60.0M | — |
| SG&A | $138.5M | $160.9M | $162.7M | $165.2M | $102.6M | $80.2M | $71.2M | — |
| Total operating expenses | $382.6M | $374.9M | $385.6M | $390.1M | $269.2M | $188.6M | $162.5M | — |
| Operating income | $157.0M | $91.0M | $11.9M | -$25.7M | -$11.2M | -$15.8M | -$29.9M | — |
| Interest expense | $17.9M | $9.1M | $8.9M | $8.4M | $3.7M | $13.6M | $9.4M | — |
| Pre-tax income | $206.7M | $97.7M | $26.8M | -$23.9M | -$18.2M | -$42.7M | -$39.6M | — |
| Income tax | $52.6M | $13.2M | $7.4M | $3.9M | $1.3M | $911.0K | $793.0K | — |
| Net income | $259.3M | $84.5M | $19.4M | -$27.8M | -$19.5M | -$43.6M | -$40.4M | — |
| EPS, basic | 2.83 | 0.92 | 0.22 | -0.28 | -0.21 | -1.05 | -1.06 | — |
| EPS, diluted | 2.52 | 0.89 | 0.20 | -0.28 | -0.21 | -1.05 | -1.06 | — |
| Shares, diluted (wtd. avg.) | 105.3M | 94.5M | 96.4M | 100.8M | 93.2M | 41.7M | 38.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $254.5M | $428.4M | $319.0M | $151.8M | $1.72B | $102.5M | $35.9M | $33.6M |
| Short-term investments | — | $0 | $94.5M | $723.5M | $0 | — | — | — |
| Receivables | $90.9M | $72.5M | $62.2M | $53.8M | $39.6M | $28.1M | — | — |
| Total current assets | $427.0M | $541.7M | $503.0M | $946.0M | $1.77B | $148.0M | — | — |
| Property, plant and equipment | $589.1M | $432.5M | $305.4M | $273.2M | $249.6M | $239.0M | — | — |
| Goodwill | $348.7M | $348.7M | $348.3M | $315.2M | $32.2M | $2.7M | $2.7M | — |
| Other intangibles | $99.5M | $117.7M | $140.2M | $118.9M | $42.9M | $34.6M | — | — |
| Total assets | $1.84B | $1.64B | $1.46B | $1.82B | $2.10B | $430.3M | — | — |
| Accounts payable | $38.8M | $54.6M | $4.0M | $21.1M | $12.7M | $12.4M | — | — |
| Short-term debt | $325.1M | $0 | — | — | $0 | $17.5M | — | — |
| Total current liabilities | $619.5M | $221.0M | $192.6M | $165.5M | $58.2M | $84.8M | — | — |
| Long-term debt | $970.7M | $1.49B | $1.48B | $1.47B | $1.46B | $242.2M | — | — |
| Total liabilities | $1.87B | $1.84B | $1.77B | $1.77B | $1.52B | $329.3M | — | — |
| Retained earnings | -$43.7M | -$258.7M | -$344.2M | -$214.3M | -$186.5M | -$167.0M | — | — |
| Total equity | -$28.7M | -$203.0M | -$313.7M | $47.6M | $578.2M | -$72.1M | -$72.3M | -$56.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $309.6M | $282.7M | $234.9M | $195.2M | $133.1M | $58.5M | $39.9M | — |
| Depreciation and amortisation | $137.4M | $130.1M | $117.9M | $102.2M | $88.4M | $75.6M | $63.1M | — |
| Stock-based compensation | $80.3M | $90.5M | $88.3M | $105.8M | $61.6M | $29.5M | $18.6M | — |
| Capital expenditure | $129.1M | $178.2M | $119.3M | $106.4M | $97.1M | $98.4M | $53.5M | — |
| Investing cash flow | -$268.3M | -$94.8M | $401.2M | -$1.15B | -$113.6M | -$115.6M | -$87.4M | — |
| Financing cash flow | -$216.9M | -$76.4M | -$468.9M | -$610.4M | $1.59B | $124.0M | $49.8M | — |
| Buybacks | $82.1M | $59.8M | $488.5M | $600.0M | $350.0M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001582961-26-000029.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $254.8M | $318.4M | $428.6M | $576.3M | $692.9M | $780.6M | $901.4M |
| Gross profit | — | $132.6M | $172.8M | $258.0M | $364.4M | $397.5M | $465.9M | $539.6M |
| Net income | — | -$40.4M | -$43.6M | -$19.5M | -$27.8M | $19.4M | $84.5M | $259.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7370
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| ZM | Zoom Communications, Inc. | $28.05B | 15.5x | 4.4% |
| FLUT | Flutter Entertainment plc | $13.90B | — | 16.6% |
| PINS | PINTEREST, INC. | $12.56B | 36.6x | 15.8% |
| FDS | FACTSET RESEARCH SYSTEMS INC | $11.78B | 21.3x | 5.4% |
| SNAP | Snap Inc | $10.55B | — | 10.6% |