DigitalOcean Holdings, Inc.DOCNEarnings & Financial Report
DigitalOcean Holdings, Inc. is an American multinational technology company and cloud service provider. The company is headquartered in Broomfield, Colorado, US, with 15 globally distributed data centers. DigitalOcean provides developers, startups, and SMBs with cloud infrastructure-as-a-service platforms.
Revenue
$192.5M
Gross Profit
$117.3M
Operating Profit
$22.3M
Net Profit
$19.1M
Gross Margin
61.0%
Operating Margin
11.6%
Net Margin
9.9%
YoY Growth
13.3%
EPS
$0.20
DigitalOcean Holdings, Inc. Q2 FY2024 Financial Summary
DigitalOcean Holdings, Inc. reported revenue of $192.5M (up 13.3% YoY) for Q2 FY2024, with a net profit of $19.1M (up 2777.9% YoY) (9.9% margin). Cost of goods sold was $75.1M, operating expenses totaled $95.0M.
Key Financial Metrics
| Total Revenue | $192.5M |
|---|---|
| Net Profit | $19.1M |
| Gross Margin | 61.0% |
| Operating Margin | 11.6% |
| Report Period | Q2 FY2024 |
DigitalOcean Holdings, Inc. Annual Revenue by Year
DigitalOcean Holdings, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $901.4M).
| Year | Annual Revenue |
|---|---|
| 2025 | $901.4M |
| 2024 | $780.6M |
| 2023 | $692.9M |
| 2022 | $576.3M |
DigitalOcean Holdings, Inc. Quarterly Revenue & Net Profit History
DigitalOcean Holdings, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $242.4M | +18.3% | $25.7M | 10.6% |
| Q3 FY2025 | $229.6M | +15.7% | $158.4M | 69.0% |
| Q2 FY2025 | $218.7M | +13.6% | $37.0M | 16.9% |
| Q1 FY2025 | $210.7M | +14.1% | $38.2M | 18.1% |
| Q4 FY2024 | $204.9M | +13.3% | $18.3M | 8.9% |
| Q3 FY2024 | $198.5M | +12.1% | $32.9M | 16.6% |
| Q2 FY2024 | $192.5M | +13.3% | $19.1M | 9.9% |
| Q1 FY2024 | $184.7M | +11.9% | $14.1M | 7.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $184.7M | $192.5M | $198.5M | $204.9M | $210.7M | $218.7M | $229.6M | $242.4M |
| YoY Growth | 11.9% | 13.3% | 12.1% | 13.3% | 14.1% | 13.6% | 15.7% | 18.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.49B | $1.54B | $1.53B | $1.64B | $1.64B | $1.72B | $1.73B | $1.84B |
| Liabilities | $1.77B | $1.79B | $1.74B | $1.84B | $1.85B | $1.90B | $1.80B | $1.87B |
| Equity | $-286.1M | $-253.8M | $-211.7M | $-203.0M | $-210.7M | $-175.2M | $-69.6M | $-28.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $66.7M | $71.3M | $73.4M | $71.3M | $64.1M | $92.4M | $95.8M | $57.3M |