This page shows Digitalocean Hldgs Inc (DOCN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Digitalocean Hldgs Inc has an operating margin of 17.4%, meaning the company retains $17 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is up from 11.7% the prior year.
Digitalocean Hldgs Inc's revenue surged 15.5% year-over-year to $901.4M, reflecting rapid business expansion. This strong growth earns a score of 59/100.
Digitalocean Hldgs Inc's current ratio of 0.69 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 8/100, which could limit financial flexibility.
Digitalocean Hldgs Inc converts 20.0% of revenue into free cash flow ($180.5M). This strong cash generation earns a score of 75/100.
Digitalocean Hldgs Inc scores 3.62, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($9.4B) relative to total liabilities ($1.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Digitalocean Hldgs Inc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Digitalocean Hldgs Inc generates $1.19 in operating cash flow ($309.6M OCF vs $259.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Digitalocean Hldgs Inc earns $17.2 in operating income for every $1 of interest expense ($157.0M vs $9.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Digitalocean Hldgs Inc generated $901.4M in revenue in fiscal year 2025. This represents an increase of 15.5% from the prior year.
Digitalocean Hldgs Inc's EBITDA was $294.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 33.2% from the prior year.
Digitalocean Hldgs Inc reported $259.3M in net income in fiscal year 2025. This represents an increase of 206.8% from the prior year.
Digitalocean Hldgs Inc earned $2.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 183.1% from the prior year.
Cash & Balance Sheet
Digitalocean Hldgs Inc generated $180.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 72.6% from the prior year.
Digitalocean Hldgs Inc held $254.5M in cash against $970.7M in long-term debt as of fiscal year 2025.
Digitalocean Hldgs Inc had 92M shares outstanding in fiscal year 2025. This represents a decrease of 0.3% from the prior year.
Margins & Returns
Digitalocean Hldgs Inc's gross margin was 59.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Digitalocean Hldgs Inc's operating margin was 17.4% in fiscal year 2025, reflecting core business profitability. This is up 5.8 percentage points from the prior year.
Digitalocean Hldgs Inc's net profit margin was 28.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 17.9 percentage points from the prior year.
Capital Allocation
Digitalocean Hldgs Inc invested $161.6M in research and development in fiscal year 2025. This represents an increase of 13.4% from the prior year.
Digitalocean Hldgs Inc spent $82.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 37.4% from the prior year.
Digitalocean Hldgs Inc invested $129.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 27.5% from the prior year.
DOCN Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $242.4M+5.6% | $229.6M+5.0% | $218.7M+3.8% | $210.7M+2.8% | $204.9M+3.2% | $198.5M+3.1% | $192.5M+4.2% | $184.7M |
| Cost of Revenue | $100.1M+8.0% | $92.7M+5.6% | $87.8M+8.0% | $81.3M+3.1% | $78.8M-3.8% | $81.9M+4.6% | $78.3M+3.6% | $75.6M |
| Gross Profit | $142.3M+3.9% | $136.9M+4.6% | $130.9M+1.2% | $129.4M+2.7% | $126.1M+8.2% | $116.6M+2.1% | $114.1M+4.6% | $109.1M |
| R&D Expenses | $44.3M+16.1% | $38.1M-3.8% | $39.6M+0.1% | $39.6M-1.8% | $40.3M+11.1% | $36.3M+10.0% | $33.0M+0.2% | $32.9M |
| SG&A Expenses | $36.7M+12.4% | $32.7M-10.3% | $36.4M+10.9% | $32.8M-3.0% | $33.8M-16.3% | $40.4M-1.0% | $40.8M-10.8% | $45.8M |
| Operating Income | $38.8M-13.7% | $44.9M+26.1% | $35.6M-5.4% | $37.6M+15.7% | $32.5M+32.2% | $24.6M+10.2% | $22.3M+93.5% | $11.5M |
| Interest Expense | $1.6M-47.5% | $3.1M+37.7% | $2.2M+1.4% | $2.2M-0.8% | $2.2M+1639.1% | $128K-94.5% | $2.3M+0.7% | $2.3M |
| Income Tax | $6.9M+110.1% | -$68.1M-1355.4% | $5.4M+70.7% | $3.2M-70.4% | $10.7M+424.3% | -$3.3M-158.3% | $5.7M+4788.8% | $116K |
| Net Income | $25.7M-83.8% | $158.4M+327.7% | $37.0M-3.1% | $38.2M+109.2% | $18.3M-44.6% | $32.9M+72.2% | $19.1M+35.4% | $14.1M |
| EPS (Diluted) | N/A | $1.51+287.2% | $0.390.0% | $0.39+105.3% | $0.19-42.4% | $0.33+65.0% | $0.20+33.3% | $0.15 |
DOCN Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B+6.5% | $1.7B+0.3% | $1.7B+4.8% | $1.6B+0.2% | $1.6B+7.4% | $1.5B-0.7% | $1.5B+3.4% | $1.5B |
| Current Assets | $427.0M+16.1% | $367.6M-27.9% | $509.8M+6.4% | $479.2M-11.5% | $541.7M-1.9% | $552.0M+1.5% | $543.7M+5.4% | $515.8M |
| Cash & Equivalents | $254.5M+7.6% | $236.6M-39.0% | $387.7M+7.6% | $360.4M-15.9% | $428.4M-2.6% | $439.9M-0.7% | $443.1M+5.7% | $419.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $90.9M+7.7% | $84.4M+3.8% | $81.3M+6.1% | $76.6M+5.7% | $72.5M+5.1% | $68.9M+2.2% | $67.4M+5.6% | $63.9M |
| Goodwill | $348.7M0.0% | $348.7M0.0% | $348.7M0.0% | $348.7M0.0% | $348.7M0.0% | $348.7M0.0% | $348.7M+0.1% | $348.3M |
| Total Liabilities | $1.9B+4.0% | $1.8B-5.3% | $1.9B+2.3% | $1.9B+0.6% | $1.8B+6.0% | $1.7B-2.9% | $1.8B+1.1% | $1.8B |
| Current Liabilities | $619.5M+90.6% | $325.0M+44.7% | $224.5M+13.2% | $198.3M-10.2% | $221.0M+25.5% | $176.0M-20.1% | $220.2M+16.5% | $189.0M |
| Long-Term Debt | $970.7M-24.4% | $1.3B-13.8% | $1.5B+0.1% | $1.5B+0.1% | $1.5B+0.1% | $1.5B+0.1% | $1.5B+0.1% | $1.5B |
| Total Equity | -$28.7M+58.8% | -$69.6M+60.3% | -$175.2M+16.9% | -$210.7M-3.8% | -$203.0M+4.1% | -$211.7M+16.6% | -$253.8M+11.3% | -$286.1M |
| Retained Earnings | -$43.7M+37.0% | -$69.4M+62.2% | -$183.5M+16.8% | -$220.5M+14.8% | -$258.7M+6.6% | -$277.0M+10.6% | -$310.0M+6.1% | -$330.1M |
DOCN Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $57.3M-40.2% | $95.8M+3.6% | $92.4M+44.2% | $64.1M-10.2% | $71.3M-2.7% | $73.4M+2.8% | $71.3M+7.0% | $66.7M |
| Capital Expenditures | $26.2M+236.6% | $7.8M-76.6% | $33.2M-46.4% | $62.0M+36.8% | $45.3M-21.0% | $57.4M+80.0% | $31.9M-27.0% | $43.7M |
| Free Cash Flow | $31.1M-64.6% | $88.0M+48.6% | $59.3M+2685.6% | $2.1M-91.8% | $26.1M+62.9% | $16.0M-59.5% | $39.5M+71.4% | $23.0M |
| Investing Cash Flow | -$129.5M-237.6% | -$38.4M-8.3% | -$35.4M+45.5% | -$65.0M-37.8% | -$47.1M+21.1% | -$59.8M-74.0% | -$34.4M-174.0% | $46.4M |
| Financing Cash Flow | $90.3M+142.9% | -$210.3M-608.2% | -$29.7M+55.8% | -$67.2M-89.6% | -$35.4M-110.5% | -$16.8M-30.0% | -$12.9M-15.1% | -$11.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $2.9M-85.5% | $20.1M-65.9% | $59.1M+97.4% | $29.9M+155.8% | $11.7M+24.2% | $9.4M+7.3% | $8.8M |
DOCN Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.7%-0.9pp | 59.6%-0.2pp | 59.9%-1.6pp | 61.4%-0.1pp | 61.5%+2.8pp | 58.7%-0.6pp | 59.3%+0.2pp | 59.1% |
| Operating Margin | 16.0%-3.6pp | 19.6%+3.3pp | 16.3%-1.6pp | 17.9%+2.0pp | 15.9%+3.5pp | 12.4%+0.8pp | 11.6%+5.4pp | 6.3% |
| Net Margin | 10.6%-58.4pp | 69.0%+52.0pp | 16.9%-1.2pp | 18.1%+9.2pp | 8.9%-7.7pp | 16.6%+6.7pp | 9.9%+2.3pp | 7.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 1.4%-7.8pp | 9.2%+7.0pp | 2.1%-0.2pp | 2.3%+1.2pp | 1.1%-1.1pp | 2.2%+0.9pp | 1.3%+0.3pp | 0.9% |
| Current Ratio | 0.69-0.4 | 1.13-1.1 | 2.27-0.1 | 2.42-0.0 | 2.45-0.7 | 3.14+0.7 | 2.47-0.3 | 2.73 |
| Debt-to-Equity | -33.83-15.4 | -18.45-9.9 | -8.50-1.4 | -7.06+0.3 | -7.32-0.3 | -7.01-1.2 | -5.84-0.7 | -5.17 |
| FCF Margin | 12.8%-25.5pp | 38.3%+11.2pp | 27.1%+26.1pp | 1.0%-11.7pp | 12.7%+4.7pp | 8.1%-12.4pp | 20.5%+8.0pp | 12.5% |
Note: Shareholder equity is negative (-$28.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.69), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Digitalocean Hldgs Inc's annual revenue?
Digitalocean Hldgs Inc (DOCN) reported $901.4M in total revenue for fiscal year 2025. This represents a 15.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Digitalocean Hldgs Inc's revenue growing?
Digitalocean Hldgs Inc (DOCN) revenue grew by 15.5% year-over-year, from $780.6M to $901.4M in fiscal year 2025.
Is Digitalocean Hldgs Inc profitable?
Yes, Digitalocean Hldgs Inc (DOCN) reported a net income of $259.3M in fiscal year 2025, with a net profit margin of 28.8%.
What is Digitalocean Hldgs Inc's EBITDA?
Digitalocean Hldgs Inc (DOCN) had EBITDA of $294.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Digitalocean Hldgs Inc have?
As of fiscal year 2025, Digitalocean Hldgs Inc (DOCN) had $254.5M in cash and equivalents against $970.7M in long-term debt.
What is Digitalocean Hldgs Inc's gross margin?
Digitalocean Hldgs Inc (DOCN) had a gross margin of 59.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Digitalocean Hldgs Inc's operating margin?
Digitalocean Hldgs Inc (DOCN) had an operating margin of 17.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Digitalocean Hldgs Inc's net profit margin?
Digitalocean Hldgs Inc (DOCN) had a net profit margin of 28.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Digitalocean Hldgs Inc's free cash flow?
Digitalocean Hldgs Inc (DOCN) generated $180.5M in free cash flow during fiscal year 2025. This represents a 72.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Digitalocean Hldgs Inc's operating cash flow?
Digitalocean Hldgs Inc (DOCN) generated $309.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Digitalocean Hldgs Inc's total assets?
Digitalocean Hldgs Inc (DOCN) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Digitalocean Hldgs Inc's capital expenditures?
Digitalocean Hldgs Inc (DOCN) invested $129.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Digitalocean Hldgs Inc spend on research and development?
Digitalocean Hldgs Inc (DOCN) invested $161.6M in research and development during fiscal year 2025.
What is Digitalocean Hldgs Inc's current ratio?
Digitalocean Hldgs Inc (DOCN) had a current ratio of 0.69 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Digitalocean Hldgs Inc's debt-to-equity ratio?
Digitalocean Hldgs Inc (DOCN) had a debt-to-equity ratio of -33.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Digitalocean Hldgs Inc's return on assets (ROA)?
Digitalocean Hldgs Inc (DOCN) had a return on assets of 14.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Digitalocean Hldgs Inc's debt-to-equity ratio negative or unusual?
Digitalocean Hldgs Inc (DOCN) has negative shareholder equity of -$28.7M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Digitalocean Hldgs Inc's Altman Z-Score?
Digitalocean Hldgs Inc (DOCN) has an Altman Z-Score of 3.62, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Digitalocean Hldgs Inc's Piotroski F-Score?
Digitalocean Hldgs Inc (DOCN) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Digitalocean Hldgs Inc's earnings high quality?
Digitalocean Hldgs Inc (DOCN) has an earnings quality ratio of 1.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Digitalocean Hldgs Inc cover its interest payments?
Digitalocean Hldgs Inc (DOCN) has an interest coverage ratio of 17.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Digitalocean Hldgs Inc?
Digitalocean Hldgs Inc (DOCN) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.