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Side-by-side financial comparison of DigitalOcean Holdings, Inc. (DOCN) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

DigitalOcean Holdings, Inc. is the larger business by last-quarter revenue ($242.4M vs $222.5M, roughly 1.1× Phoenix Education Partners, Inc.). DigitalOcean Holdings, Inc. runs the higher net margin — 10.6% vs 4.8%, a 5.7% gap on every dollar of revenue. Phoenix Education Partners, Inc. produced more free cash flow last quarter ($43.5M 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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

DOCN vs PXED — Head-to-Head

Bigger by revenue
DOCN
DOCN
1.1× larger
DOCN
$242.4M
$222.5M
PXED
Higher net margin
DOCN
DOCN
5.7% more per $
DOCN
10.6%
4.8%
PXED
More free cash flow
PXED
PXED
$12.4M more FCF
PXED
$43.5M
$31.1M
DOCN

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
DOCN
DOCN
PXED
PXED
Revenue
$242.4M
$222.5M
Net Profit
$25.7M
$10.8M
Gross Margin
58.7%
Operating Margin
16.0%
6.3%
Net Margin
10.6%
4.8%
Revenue YoY
18.3%
Net Profit YoY
40.5%
EPS (diluted)
$0.23
$0.28

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
PXED
PXED
Q1 26
$222.5M
Q4 25
$242.4M
$262.0M
Q3 25
$229.6M
Q2 25
$218.7M
Q1 25
$210.7M
Q4 24
$204.9M
Q3 24
$198.5M
Q2 24
$192.5M
Net Profit
DOCN
DOCN
PXED
PXED
Q1 26
$10.8M
Q4 25
$25.7M
$15.5M
Q3 25
$158.4M
Q2 25
$37.0M
Q1 25
$38.2M
Q4 24
$18.3M
Q3 24
$32.9M
Q2 24
$19.1M
Gross Margin
DOCN
DOCN
PXED
PXED
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
DOCN
DOCN
PXED
PXED
Q1 26
6.3%
Q4 25
16.0%
9.8%
Q3 25
19.6%
Q2 25
16.3%
Q1 25
17.9%
Q4 24
15.9%
Q3 24
12.4%
Q2 24
11.6%
Net Margin
DOCN
DOCN
PXED
PXED
Q1 26
4.8%
Q4 25
10.6%
5.9%
Q3 25
69.0%
Q2 25
16.9%
Q1 25
18.1%
Q4 24
8.9%
Q3 24
16.6%
Q2 24
9.9%
EPS (diluted)
DOCN
DOCN
PXED
PXED
Q1 26
$0.28
Q4 25
$0.23
$0.40
Q3 25
$1.51
Q2 25
$0.39
Q1 25
$0.39
Q4 24
$0.21
Q3 24
$0.33
Q2 24
$0.20

Balance Sheet & Financial Strength

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

Metric
DOCN
DOCN
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$254.5M
$201.4M
Total DebtLower is stronger
$1.3B
$58.8M
Stockholders' EquityBook value
$-28.7M
$291.1M
Total Assets
$1.8B
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOCN
DOCN
PXED
PXED
Q1 26
$201.4M
Q4 25
$254.5M
$163.5M
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
DOCN
DOCN
PXED
PXED
Q1 26
$58.8M
Q4 25
$1.3B
$61.6M
Q3 25
$1.3B
Q2 25
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
Stockholders' Equity
DOCN
DOCN
PXED
PXED
Q1 26
$291.1M
Q4 25
$-28.7M
$280.4M
Q3 25
$-69.6M
Q2 25
$-175.2M
Q1 25
$-210.7M
Q4 24
$-203.0M
Q3 24
$-211.7M
Q2 24
$-253.8M
Total Assets
DOCN
DOCN
PXED
PXED
Q1 26
$546.4M
Q4 25
$1.8B
$549.6M
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.5B
Q2 24
$1.5B
Debt / Equity
DOCN
DOCN
PXED
PXED
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
PXED
PXED
Operating Cash FlowLast quarter
$57.3M
$48.9M
Free Cash FlowOCF − Capex
$31.1M
$43.5M
FCF MarginFCF / Revenue
12.8%
19.6%
Capex IntensityCapex / Revenue
10.8%
2.4%
Cash ConversionOCF / Net Profit
2.23×
4.53×
TTM Free Cash FlowTrailing 4 quarters
$180.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOCN
DOCN
PXED
PXED
Q1 26
$48.9M
Q4 25
$57.3M
$31.1M
Q3 25
$95.8M
Q2 25
$92.4M
Q1 25
$64.1M
Q4 24
$71.3M
Q3 24
$73.4M
Q2 24
$71.3M
Free Cash Flow
DOCN
DOCN
PXED
PXED
Q1 26
$43.5M
Q4 25
$31.1M
$26.4M
Q3 25
$88.0M
Q2 25
$59.3M
Q1 25
$2.1M
Q4 24
$26.1M
Q3 24
$16.0M
Q2 24
$39.5M
FCF Margin
DOCN
DOCN
PXED
PXED
Q1 26
19.6%
Q4 25
12.8%
10.1%
Q3 25
38.3%
Q2 25
27.1%
Q1 25
1.0%
Q4 24
12.7%
Q3 24
8.1%
Q2 24
20.5%
Capex Intensity
DOCN
DOCN
PXED
PXED
Q1 26
2.4%
Q4 25
10.8%
1.8%
Q3 25
3.4%
Q2 25
15.2%
Q1 25
29.4%
Q4 24
22.1%
Q3 24
28.9%
Q2 24
16.6%
Cash Conversion
DOCN
DOCN
PXED
PXED
Q1 26
4.53×
Q4 25
2.23×
2.01×
Q3 25
0.60×
Q2 25
2.50×
Q1 25
1.68×
Q4 24
3.91×
Q3 24
2.23×
Q2 24
3.73×

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%

PXED
PXED

Segment breakdown not available.

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