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Side-by-side financial comparison of BANC OF CALIFORNIA, INC. (BANC) and DigitalOcean Holdings, Inc. (DOCN). Click either name above to swap in a different company.

BANC OF CALIFORNIA, INC. is the larger business by last-quarter revenue ($286.9M vs $242.4M, roughly 1.2× DigitalOcean Holdings, Inc.). BANC OF CALIFORNIA, INC. runs the higher net margin — 25.1% vs 10.6%, a 14.5% gap on every dollar of revenue. On growth, DigitalOcean Holdings, Inc. posted the faster year-over-year revenue change (18.3% vs 7.9%). Over the past eight quarters, DigitalOcean Holdings, Inc.'s revenue compounded faster (14.5% CAGR vs -23.7%).

Banc of California is an American bank with 80 branches in California, as well as locations in Denver, Colorado, and Durham, North Carolina. The bank is headquartered in Los Angeles, California, with about 2,000 employees nationwide including in New York and Chicago. Banc of California offers a broad range of loan and deposit products and services, focusing on providing banking and treasury management services to small-, middle-market, and venture-backed businesses.

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.

BANC vs DOCN — Head-to-Head

Bigger by revenue
BANC
BANC
1.2× larger
BANC
$286.9M
$242.4M
DOCN
Growing faster (revenue YoY)
DOCN
DOCN
+10.4% gap
DOCN
18.3%
7.9%
BANC
Higher net margin
BANC
BANC
14.5% more per $
BANC
25.1%
10.6%
DOCN
Faster 2-yr revenue CAGR
DOCN
DOCN
Annualised
DOCN
14.5%
-23.7%
BANC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BANC
BANC
DOCN
DOCN
Revenue
$286.9M
$242.4M
Net Profit
$72.0M
$25.7M
Gross Margin
58.7%
Operating Margin
16.0%
Net Margin
25.1%
10.6%
Revenue YoY
7.9%
18.3%
Net Profit YoY
34.3%
40.5%
EPS (diluted)
$0.39
$0.23

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BANC
BANC
DOCN
DOCN
Q1 26
$286.9M
Q4 25
$458.5M
$242.4M
Q3 25
$466.8M
$229.6M
Q2 25
$453.1M
$218.7M
Q1 25
$440.3M
$210.7M
Q4 24
$453.5M
$204.9M
Q3 24
$431.4M
$198.5M
Q2 24
$492.4M
$192.5M
Net Profit
BANC
BANC
DOCN
DOCN
Q1 26
$72.0M
Q4 25
$77.4M
$25.7M
Q3 25
$69.6M
$158.4M
Q2 25
$28.4M
$37.0M
Q1 25
$53.6M
$38.2M
Q4 24
$56.9M
$18.3M
Q3 24
$8.8M
$32.9M
Q2 24
$30.3M
$19.1M
Gross Margin
BANC
BANC
DOCN
DOCN
Q1 26
Q4 25
58.7%
Q3 25
59.6%
Q2 25
59.9%
Q1 25
61.4%
Q4 24
57.1%
Q3 24
60.2%
Q2 24
61.0%
Operating Margin
BANC
BANC
DOCN
DOCN
Q1 26
Q4 25
21.8%
16.0%
Q3 25
19.8%
19.6%
Q2 25
10.6%
16.3%
Q1 25
16.6%
17.9%
Q4 24
15.5%
15.9%
Q3 24
2.7%
12.4%
Q2 24
9.1%
11.6%
Net Margin
BANC
BANC
DOCN
DOCN
Q1 26
25.1%
Q4 25
16.9%
10.6%
Q3 25
14.9%
69.0%
Q2 25
6.3%
16.9%
Q1 25
12.2%
18.1%
Q4 24
12.6%
8.9%
Q3 24
2.0%
16.6%
Q2 24
6.2%
9.9%
EPS (diluted)
BANC
BANC
DOCN
DOCN
Q1 26
$0.39
Q4 25
$0.41
$0.23
Q3 25
$0.38
$1.51
Q2 25
$0.12
$0.39
Q1 25
$0.26
$0.39
Q4 24
$0.29
$0.21
Q3 24
$-0.01
$0.33
Q2 24
$0.12
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BANC
BANC
DOCN
DOCN
Cash + ST InvestmentsLiquidity on hand
$2.2B
$254.5M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$3.6B
$-28.7M
Total Assets
$34.7B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANC
BANC
DOCN
DOCN
Q1 26
$2.2B
Q4 25
$254.5M
Q3 25
$236.6M
Q2 25
$387.7M
Q1 25
$360.4M
Q4 24
$428.4M
Q3 24
$439.9M
Q2 24
$443.1M
Total Debt
BANC
BANC
DOCN
DOCN
Q1 26
Q4 25
$2.1B
$1.3B
Q3 25
$2.0B
$1.3B
Q2 25
$1.9B
Q1 25
$1.7B
Q4 24
$1.4B
$1.5B
Q3 24
$1.6B
Q2 24
$1.4B
Stockholders' Equity
BANC
BANC
DOCN
DOCN
Q1 26
$3.6B
Q4 25
$3.5B
$-28.7M
Q3 25
$3.5B
$-69.6M
Q2 25
$3.4B
$-175.2M
Q1 25
$3.5B
$-210.7M
Q4 24
$3.5B
$-203.0M
Q3 24
$3.5B
$-211.7M
Q2 24
$3.4B
$-253.8M
Total Assets
BANC
BANC
DOCN
DOCN
Q1 26
$34.7B
Q4 25
$34.8B
$1.8B
Q3 25
$34.0B
$1.7B
Q2 25
$34.3B
$1.7B
Q1 25
$33.8B
$1.6B
Q4 24
$33.5B
$1.6B
Q3 24
$33.4B
$1.5B
Q2 24
$35.2B
$1.5B
Debt / Equity
BANC
BANC
DOCN
DOCN
Q1 26
Q4 25
0.58×
Q3 25
0.58×
Q2 25
0.56×
Q1 25
0.47×
Q4 24
0.40×
Q3 24
0.46×
Q2 24
0.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BANC
BANC
DOCN
DOCN
Operating Cash FlowLast quarter
$57.3M
Free Cash FlowOCF − Capex
$31.1M
FCF MarginFCF / Revenue
12.8%
Capex IntensityCapex / Revenue
10.8%
Cash ConversionOCF / Net Profit
2.23×
TTM Free Cash FlowTrailing 4 quarters
$180.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BANC
BANC
DOCN
DOCN
Q1 26
Q4 25
$255.6M
$57.3M
Q3 25
$75.7M
$95.8M
Q2 25
$62.7M
$92.4M
Q1 25
$15.1M
$64.1M
Q4 24
$77.4M
$71.3M
Q3 24
$46.9M
$73.4M
Q2 24
$39.1M
$71.3M
Free Cash Flow
BANC
BANC
DOCN
DOCN
Q1 26
Q4 25
$234.8M
$31.1M
Q3 25
$75.5M
$88.0M
Q2 25
$61.4M
$59.3M
Q1 25
$13.6M
$2.1M
Q4 24
$64.3M
$26.1M
Q3 24
$44.6M
$16.0M
Q2 24
$34.4M
$39.5M
FCF Margin
BANC
BANC
DOCN
DOCN
Q1 26
Q4 25
51.2%
12.8%
Q3 25
16.2%
38.3%
Q2 25
13.6%
27.1%
Q1 25
3.1%
1.0%
Q4 24
14.2%
12.7%
Q3 24
10.3%
8.1%
Q2 24
7.0%
20.5%
Capex Intensity
BANC
BANC
DOCN
DOCN
Q1 26
Q4 25
4.5%
10.8%
Q3 25
0.0%
3.4%
Q2 25
0.3%
15.2%
Q1 25
0.3%
29.4%
Q4 24
2.9%
22.1%
Q3 24
0.5%
28.9%
Q2 24
1.0%
16.6%
Cash Conversion
BANC
BANC
DOCN
DOCN
Q1 26
Q4 25
3.30×
2.23×
Q3 25
1.09×
0.60×
Q2 25
2.21×
2.50×
Q1 25
0.28×
1.68×
Q4 24
1.36×
3.91×
Q3 24
5.34×
2.23×
Q2 24
1.29×
3.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BANC
BANC

Segment breakdown not available.

DOCN
DOCN

Scalers$84.3M35%
Scalers Plus$69.9M29%
Builders$64.1M26%
Learners Testers And Other$24.1M10%

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