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DigitalOcean Holdings, Inc.（DOCN）与Nebius Group N.V.（NBIS）财务数据对比。点击上方公司名可切换其他公司
DigitalOcean Holdings, Inc.的季度营收约是Nebius Group N.V.的7.6倍（$242.4M vs $32.1M）。DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $-586.8M）
DigitalOcean Holdings, Inc.是美国跨国科技企业及云服务提供商，总部位于美国科罗拉多州布鲁姆菲尔德，在全球布局15个数据中心，面向开发者、初创企业及中小微企业提供稳定易用的云基础设施即服务平台，助力各类技术团队高效开展业务。
Nebius Group N.V.是总部位于阿姆斯特丹的科技企业，核心业务为提供人工智能基础设施相关服务。集团旗下拥有Avride、TripleTen两大品牌，同时持有Toloka和Clickhouse的股份，在以色列、美国均设有办公地点。
DOCN vs NBIS — 直观对比
营收规模更大
DOCN
是对方的7.6倍
$32.1M
自由现金流更多
DOCN
多$617.9M
$-586.8M
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $242.4M | $32.1M |
| 净利润 | $25.7M | — |
| 毛利率 | 58.7% | — |
| 营业利润率 | 16.0% | -251.1% |
| 净利率 | 10.6% | — |
| 营收同比 | 18.3% | — |
| 净利润同比 | 40.5% | — |
| 每股收益（稀释后） | $0.23 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DOCNNBIS
| Q4 25 | $242.4M | — | ||
| Q3 25 | $229.6M | $32.1M | ||
| Q2 25 | $218.7M | $24.2M | ||
| Q1 25 | $210.7M | — | ||
| Q4 24 | $204.9M | — | ||
| Q3 24 | $198.5M | $79.6M | ||
| Q2 24 | $192.5M | $36.3M | ||
| Q1 24 | $184.7M | — |
净利润DOCNNBIS
| Q4 25 | $25.7M | — | ||
| Q3 25 | $158.4M | — | ||
| Q2 25 | $37.0M | $-185.4M | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | $32.9M | $-258.2M | ||
| Q2 24 | $19.1M | $-118.3M | ||
| Q1 24 | $14.1M | — |
毛利率DOCNNBIS
| 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% | — | ||
| Q1 24 | 60.7% | — |
营业利润率DOCNNBIS
| Q4 25 | 16.0% | — | ||
| Q3 25 | 19.6% | -251.1% | ||
| Q2 25 | 16.3% | -754.1% | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 12.4% | -366.1% | ||
| Q2 24 | 11.6% | -563.1% | ||
| Q1 24 | 6.2% | — |
净利率DOCNNBIS
| Q4 25 | 10.6% | — | ||
| Q3 25 | 69.0% | — | ||
| Q2 25 | 16.9% | -766.1% | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 16.6% | -324.4% | ||
| Q2 24 | 9.9% | -325.9% | ||
| Q1 24 | 7.7% | — |
每股收益（稀释后）DOCNNBIS
| Q4 25 | $0.23 | — | ||
| Q3 25 | $1.51 | — | ||
| Q2 25 | $0.39 | — | ||
| Q1 25 | $0.39 | — | ||
| Q4 24 | $0.21 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $0.20 | — | ||
| Q1 24 | $0.15 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $254.5M | $4.8B |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $-28.7M | $4.8B |
| 总资产 | $1.8B | $10.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DOCNNBIS
| Q4 25 | $254.5M | — | ||
| Q3 25 | $236.6M | $4.8B | ||
| Q2 25 | $387.7M | $1.7B | ||
| Q1 25 | $360.4M | — | ||
| Q4 24 | $428.4M | — | ||
| Q3 24 | $439.9M | $2.3B | ||
| Q2 24 | $443.1M | $2.3B | ||
| Q1 24 | $419.1M | — |
总债务DOCNNBIS
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DOCNNBIS
| Q4 25 | $-28.7M | — | ||
| Q3 25 | $-69.6M | $4.8B | ||
| Q2 25 | $-175.2M | $3.8B | ||
| Q1 25 | $-210.7M | — | ||
| Q4 24 | $-203.0M | — | ||
| Q3 24 | $-211.7M | $2.9B | ||
| Q2 24 | $-253.8M | $4.3B | ||
| Q1 24 | $-286.1M | — |
总资产DOCNNBIS
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $10.1B | ||
| Q2 25 | $1.7B | $5.1B | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.5B | $3.0B | ||
| Q2 24 | $1.5B | $4.4B | ||
| Q1 24 | $1.5B | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $57.3M | $-196.8M |
| 自由现金流经营现金流 - 资本支出 | $31.1M | $-586.8M |
| 自由现金流率自由现金流/营收 | 12.8% | -1828.0% |
| 资本支出强度资本支出/营收 | 10.8% | 1215.0% |
| 现金转化率经营现金流/净利润 | 2.23× | — |
| 过去12个月自由现金流最近4个季度 | $180.5M | — |
8季度趋势，按日历期对齐
经营现金流DOCNNBIS
| Q4 25 | $57.3M | — | ||
| Q3 25 | $95.8M | $-196.8M | ||
| Q2 25 | $92.4M | $-162.0M | ||
| Q1 25 | $64.1M | — | ||
| Q4 24 | $71.3M | — | ||
| Q3 24 | $73.4M | — | ||
| Q2 24 | $71.3M | — | ||
| Q1 24 | $66.7M | — |
自由现金流DOCNNBIS
| Q4 25 | $31.1M | — | ||
| Q3 25 | $88.0M | $-586.8M | ||
| Q2 25 | $59.3M | $-379.9M | ||
| Q1 25 | $2.1M | — | ||
| Q4 24 | $26.1M | — | ||
| Q3 24 | $16.0M | — | ||
| Q2 24 | $39.5M | — | ||
| Q1 24 | $23.0M | — |
自由现金流率DOCNNBIS
| Q4 25 | 12.8% | — | ||
| Q3 25 | 38.3% | -1828.0% | ||
| Q2 25 | 27.1% | -1569.8% | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 12.7% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 12.5% | — |
资本支出强度DOCNNBIS
| Q4 25 | 10.8% | — | ||
| Q3 25 | 3.4% | 1215.0% | ||
| Q2 25 | 15.2% | 900.4% | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | 22.1% | — | ||
| Q3 24 | 28.9% | — | ||
| Q2 24 | 16.6% | — | ||
| Q1 24 | 23.6% | — |
现金转化率DOCNNBIS
| Q4 25 | 2.23× | — | ||
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DOCN
| Scalers | $84.3M | 35% |
| Scalers Plus | $69.9M | 29% |
| Builders | $64.1M | 26% |
| Learners Testers And Other | $24.1M | 10% |
NBIS
| Nebius | $27.1M | 84% |
| TripleTen | $6.3M | 20% |
| Avride | $100.0K | 0% |
