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Side-by-side financial comparison of DigitalOcean Holdings, Inc. (DOCN) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.

DigitalOcean Holdings, Inc. is the larger business by last-quarter revenue ($242.4M vs $191.2M, roughly 1.3× POWER SOLUTIONS INTERNATIONAL, INC.). DigitalOcean Holdings, Inc. runs the higher net margin — 10.6% vs 8.4%, a 2.2% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 18.3%). DigitalOcean Holdings, Inc. produced more free cash flow last quarter ($31.1M vs $-7.6M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs 14.5%).

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.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.

DOCN vs PSIX — Head-to-Head

Bigger by revenue
DOCN
DOCN
1.3× larger
DOCN
$242.4M
$191.2M
PSIX
Growing faster (revenue YoY)
PSIX
PSIX
+14.2% gap
PSIX
32.5%
18.3%
DOCN
Higher net margin
DOCN
DOCN
2.2% more per $
DOCN
10.6%
8.4%
PSIX
More free cash flow
DOCN
DOCN
$38.7M more FCF
DOCN
$31.1M
$-7.6M
PSIX
Faster 2-yr revenue CAGR
PSIX
PSIX
Annualised
PSIX
41.7%
14.5%
DOCN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DOCN
DOCN
PSIX
PSIX
Revenue
$242.4M
$191.2M
Net Profit
$25.7M
$16.1M
Gross Margin
58.7%
21.9%
Operating Margin
16.0%
12.7%
Net Margin
10.6%
8.4%
Revenue YoY
18.3%
32.5%
Net Profit YoY
40.5%
-31.0%
EPS (diluted)
$0.23
$0.69

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
PSIX
PSIX
Q4 25
$242.4M
$191.2M
Q3 25
$229.6M
$203.8M
Q2 25
$218.7M
$191.9M
Q1 25
$210.7M
$135.4M
Q4 24
$204.9M
$144.3M
Q3 24
$198.5M
$125.8M
Q2 24
$192.5M
$110.6M
Q1 24
$184.7M
$95.2M
Net Profit
DOCN
DOCN
PSIX
PSIX
Q4 25
$25.7M
$16.1M
Q3 25
$158.4M
$27.6M
Q2 25
$37.0M
$51.2M
Q1 25
$38.2M
$19.1M
Q4 24
$18.3M
$23.3M
Q3 24
$32.9M
$17.3M
Q2 24
$19.1M
$21.5M
Q1 24
$14.1M
$7.1M
Gross Margin
DOCN
DOCN
PSIX
PSIX
Q4 25
58.7%
21.9%
Q3 25
59.6%
23.9%
Q2 25
59.9%
28.2%
Q1 25
61.4%
29.7%
Q4 24
57.1%
29.9%
Q3 24
60.2%
28.9%
Q2 24
61.0%
31.8%
Q1 24
60.7%
27.0%
Operating Margin
DOCN
DOCN
PSIX
PSIX
Q4 25
16.0%
12.7%
Q3 25
19.6%
13.9%
Q2 25
16.3%
16.9%
Q1 25
17.9%
18.2%
Q4 24
15.9%
17.5%
Q3 24
12.4%
16.3%
Q2 24
11.6%
22.9%
Q1 24
6.2%
11.2%
Net Margin
DOCN
DOCN
PSIX
PSIX
Q4 25
10.6%
8.4%
Q3 25
69.0%
13.5%
Q2 25
16.9%
26.7%
Q1 25
18.1%
14.1%
Q4 24
8.9%
16.1%
Q3 24
16.6%
13.8%
Q2 24
9.9%
19.5%
Q1 24
7.7%
7.5%
EPS (diluted)
DOCN
DOCN
PSIX
PSIX
Q4 25
$0.23
$0.69
Q3 25
$1.51
$1.20
Q2 25
$0.39
$2.22
Q1 25
$0.39
$0.83
Q4 24
$0.21
$1.01
Q3 24
$0.33
$0.75
Q2 24
$0.20
$0.94
Q1 24
$0.15
$0.31

Balance Sheet & Financial Strength

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

Metric
DOCN
DOCN
PSIX
PSIX
Cash + ST InvestmentsLiquidity on hand
$254.5M
$41.3M
Total DebtLower is stronger
$1.3B
$96.6M
Stockholders' EquityBook value
$-28.7M
$178.6M
Total Assets
$1.8B
$424.7M
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCN
DOCN
PSIX
PSIX
Q4 25
$254.5M
$41.3M
Q3 25
$236.6M
$49.0M
Q2 25
$387.7M
$49.5M
Q1 25
$360.4M
$50.0M
Q4 24
$428.4M
$55.3M
Q3 24
$439.9M
$40.5M
Q2 24
$443.1M
$28.8M
Q1 24
$419.1M
$33.1M
Total Debt
DOCN
DOCN
PSIX
PSIX
Q4 25
$1.3B
$96.6M
Q3 25
$1.3B
$96.7M
Q2 25
$1.8M
Q1 25
$1.0M
Q4 24
$1.5B
$184.0K
Q3 24
$238.0K
Q2 24
$292.0K
Q1 24
$345.0K
Stockholders' Equity
DOCN
DOCN
PSIX
PSIX
Q4 25
$-28.7M
$178.6M
Q3 25
$-69.6M
$162.5M
Q2 25
$-175.2M
$135.7M
Q1 25
$-210.7M
$84.3M
Q4 24
$-203.0M
$65.3M
Q3 24
$-211.7M
$42.1M
Q2 24
$-253.8M
$24.8M
Q1 24
$-286.1M
$3.2M
Total Assets
DOCN
DOCN
PSIX
PSIX
Q4 25
$1.8B
$424.7M
Q3 25
$1.7B
$458.9M
Q2 25
$1.7B
$437.7M
Q1 25
$1.6B
$372.7M
Q4 24
$1.6B
$328.2M
Q3 24
$1.5B
$339.1M
Q2 24
$1.5B
$307.6M
Q1 24
$1.5B
$286.8M
Debt / Equity
DOCN
DOCN
PSIX
PSIX
Q4 25
0.54×
Q3 25
0.60×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.00×
Q3 24
0.01×
Q2 24
0.01×
Q1 24
0.11×

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
PSIX
PSIX
Operating Cash FlowLast quarter
$57.3M
$-4.6M
Free Cash FlowOCF − Capex
$31.1M
$-7.6M
FCF MarginFCF / Revenue
12.8%
-4.0%
Capex IntensityCapex / Revenue
10.8%
1.6%
Cash ConversionOCF / Net Profit
2.23×
-0.29×
TTM Free Cash FlowTrailing 4 quarters
$180.5M
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCN
DOCN
PSIX
PSIX
Q4 25
$57.3M
$-4.6M
Q3 25
$95.8M
$3.3M
Q2 25
$92.4M
$16.7M
Q1 25
$64.1M
$8.8M
Q4 24
$71.3M
$32.7M
Q3 24
$73.4M
$12.6M
Q2 24
$71.3M
$1.5M
Q1 24
$66.7M
$15.6M
Free Cash Flow
DOCN
DOCN
PSIX
PSIX
Q4 25
$31.1M
$-7.6M
Q3 25
$88.0M
$1.7M
Q2 25
$59.3M
$14.6M
Q1 25
$2.1M
$5.4M
Q4 24
$26.1M
$30.0M
Q3 24
$16.0M
$12.1M
Q2 24
$39.5M
$822.0K
Q1 24
$23.0M
$14.8M
FCF Margin
DOCN
DOCN
PSIX
PSIX
Q4 25
12.8%
-4.0%
Q3 25
38.3%
0.8%
Q2 25
27.1%
7.6%
Q1 25
1.0%
4.0%
Q4 24
12.7%
20.8%
Q3 24
8.1%
9.7%
Q2 24
20.5%
0.7%
Q1 24
12.5%
15.6%
Capex Intensity
DOCN
DOCN
PSIX
PSIX
Q4 25
10.8%
1.6%
Q3 25
3.4%
0.8%
Q2 25
15.2%
1.1%
Q1 25
29.4%
2.5%
Q4 24
22.1%
1.8%
Q3 24
28.9%
0.3%
Q2 24
16.6%
0.6%
Q1 24
23.6%
0.9%
Cash Conversion
DOCN
DOCN
PSIX
PSIX
Q4 25
2.23×
-0.29×
Q3 25
0.60×
0.12×
Q2 25
2.50×
0.33×
Q1 25
1.68×
0.46×
Q4 24
3.91×
1.40×
Q3 24
2.23×
0.73×
Q2 24
3.73×
0.07×
Q1 24
4.72×
2.20×

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%

PSIX
PSIX

Energy End Market$153.4M80%
Industrial End Market$33.3M17%
Transportation End Market$4.6M2%

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