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Side-by-side financial comparison of DigitalOcean Holdings, Inc. (DOCN) and Kyivstar Group Ltd. (KYIV). Click either name above to swap in a different company.

Kyivstar Group Ltd. is the larger business by last-quarter revenue ($321.0M vs $242.4M, roughly 1.3× DigitalOcean Holdings, Inc.). Kyivstar Group Ltd. runs the higher net margin — 28.0% vs 10.6%, a 17.5% gap on every dollar of revenue. Kyivstar Group Ltd. produced more free cash flow last quarter ($311.0M vs $31.1M).

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.

Kyivstar is a Ukrainian telecommunications operator offering fixed and mobile voice and data services, including 4G LTE, throughout Ukraine. The Kyivstar mobile network covers all cities of Ukraine, as well as more than 28,000 rural settlements, all major national and regional routes, most sea, and river coasts. As of 2024, Kyivstar served approximately 24 million mobile subscribers and over 1 million fixed-broadband customers. In 2024, Kyivstar partnered with Starlink to offer satellite-base...

DOCN vs KYIV — Head-to-Head

Bigger by revenue
KYIV
KYIV
1.3× larger
KYIV
$321.0M
$242.4M
DOCN
Higher net margin
KYIV
KYIV
17.5% more per $
KYIV
28.0%
10.6%
DOCN
More free cash flow
KYIV
KYIV
$279.9M more FCF
KYIV
$311.0M
$31.1M
DOCN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOCN
DOCN
KYIV
KYIV
Revenue
$242.4M
$321.0M
Net Profit
$25.7M
$90.0M
Gross Margin
58.7%
Operating Margin
16.0%
35.5%
Net Margin
10.6%
28.0%
Revenue YoY
18.3%
Net Profit YoY
40.5%
EPS (diluted)
$0.23
$0.41

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
DOCN
DOCN
KYIV
KYIV
Q4 25
$242.4M
$321.0M
Q3 25
$229.6M
$297.0M
Q2 25
$218.7M
Q1 25
$210.7M
Q4 24
$204.9M
Q3 24
$198.5M
Q2 24
$192.5M
Q1 24
$184.7M
Net Profit
DOCN
DOCN
KYIV
KYIV
Q4 25
$25.7M
$90.0M
Q3 25
$158.4M
$-89.0M
Q2 25
$37.0M
Q1 25
$38.2M
Q4 24
$18.3M
Q3 24
$32.9M
Q2 24
$19.1M
Q1 24
$14.1M
Gross Margin
DOCN
DOCN
KYIV
KYIV
Q4 25
58.7%
Q3 25
59.6%
45.5%
Q2 25
59.9%
Q1 25
61.4%
Q4 24
57.1%
Q3 24
60.2%
Q2 24
61.0%
Q1 24
60.7%
Operating Margin
DOCN
DOCN
KYIV
KYIV
Q4 25
16.0%
35.5%
Q3 25
19.6%
-16.2%
Q2 25
16.3%
Q1 25
17.9%
Q4 24
15.9%
Q3 24
12.4%
Q2 24
11.6%
Q1 24
6.2%
Net Margin
DOCN
DOCN
KYIV
KYIV
Q4 25
10.6%
28.0%
Q3 25
69.0%
-30.0%
Q2 25
16.9%
Q1 25
18.1%
Q4 24
8.9%
Q3 24
16.6%
Q2 24
9.9%
Q1 24
7.7%
EPS (diluted)
DOCN
DOCN
KYIV
KYIV
Q4 25
$0.23
$0.41
Q3 25
$1.51
$-0.41
Q2 25
$0.39
Q1 25
$0.39
Q4 24
$0.21
Q3 24
$0.33
Q2 24
$0.20
Q1 24
$0.15

Balance Sheet & Financial Strength

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

Metric
DOCN
DOCN
KYIV
KYIV
Cash + ST InvestmentsLiquidity on hand
$254.5M
$455.0M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$-28.7M
$1.3B
Total Assets
$1.8B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCN
DOCN
KYIV
KYIV
Q4 25
$254.5M
$455.0M
Q3 25
$236.6M
$472.0M
Q2 25
$387.7M
Q1 25
$360.4M
Q4 24
$428.4M
Q3 24
$439.9M
Q2 24
$443.1M
Q1 24
$419.1M
Total Debt
DOCN
DOCN
KYIV
KYIV
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DOCN
DOCN
KYIV
KYIV
Q4 25
$-28.7M
$1.3B
Q3 25
$-69.6M
$1.2B
Q2 25
$-175.2M
Q1 25
$-210.7M
Q4 24
$-203.0M
Q3 24
$-211.7M
Q2 24
$-253.8M
Q1 24
$-286.1M
Total Assets
DOCN
DOCN
KYIV
KYIV
Q4 25
$1.8B
$2.1B
Q3 25
$1.7B
$2.0B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B

Cash Flow & Capital Efficiency

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

Metric
DOCN
DOCN
KYIV
KYIV
Operating Cash FlowLast quarter
$57.3M
$558.0M
Free Cash FlowOCF − Capex
$31.1M
$311.0M
FCF MarginFCF / Revenue
12.8%
96.9%
Capex IntensityCapex / Revenue
10.8%
76.9%
Cash ConversionOCF / Net Profit
2.23×
6.20×
TTM Free Cash FlowTrailing 4 quarters
$180.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCN
DOCN
KYIV
KYIV
Q4 25
$57.3M
$558.0M
Q3 25
$95.8M
$406.0M
Q2 25
$92.4M
Q1 25
$64.1M
Q4 24
$71.3M
Q3 24
$73.4M
Q2 24
$71.3M
Q1 24
$66.7M
Free Cash Flow
DOCN
DOCN
KYIV
KYIV
Q4 25
$31.1M
$311.0M
Q3 25
$88.0M
$250.0M
Q2 25
$59.3M
Q1 25
$2.1M
Q4 24
$26.1M
Q3 24
$16.0M
Q2 24
$39.5M
Q1 24
$23.0M
FCF Margin
DOCN
DOCN
KYIV
KYIV
Q4 25
12.8%
96.9%
Q3 25
38.3%
84.2%
Q2 25
27.1%
Q1 25
1.0%
Q4 24
12.7%
Q3 24
8.1%
Q2 24
20.5%
Q1 24
12.5%
Capex Intensity
DOCN
DOCN
KYIV
KYIV
Q4 25
10.8%
76.9%
Q3 25
3.4%
52.5%
Q2 25
15.2%
Q1 25
29.4%
Q4 24
22.1%
Q3 24
28.9%
Q2 24
16.6%
Q1 24
23.6%
Cash Conversion
DOCN
DOCN
KYIV
KYIV
Q4 25
2.23×
6.20×
Q3 25
0.60×
Q2 25
2.50×
Q1 25
1.68×
Q4 24
3.91×
Q3 24
2.23×
Q2 24
3.73×
Q1 24
4.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOCN
DOCN

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

KYIV
KYIV

Segment breakdown not available.

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