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
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.
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