DigitalOcean (DOCN) Financials

$39.78 +0.80 (+2.04%)

Closing price 10/23/2025 03:59 PM Eastern

Extended Trading

$39.82 +0.04 (+0.10%)

As of 07:17 AM Eastern

Annual Income Statements for DigitalOcean

This table shows DigitalOcean's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-40	-44	-20	-28	19	84
Consolidated Net Income / (Loss)	-40	-44	-20	-28	19	84
Net Income / (Loss) Continuing Operations	-40	-44	-20	-28	19	84
Total Pre-Tax Income	-40	-43	-18	-24	27	98
Total Operating Income	-30	-16	-11	-26	12	91
Total Gross Profit	133	173	258	364	397	466
Total Revenue	255	318	429	576	693	781
Operating Revenue	255	318	429	576	693	781
Total Cost of Revenue	122	146	171	212	295	315
Operating Cost of Revenue	122	146	171	212	295	315
Total Operating Expenses	162	189	269	390	386	375
Selling, General & Admin Expense	71	80	103	165	163	161
Marketing Expense	31	33	51	81	65	72
Research & Development Expense	60	75	116	144	137	142
Restructuring Charge	-	-	0.00	0.00	21	0.00
Total Other Income / (Expense), net	-9.69	-27	-7.02	1.81	15	6.69
Interest Expense	9.36	14	7.18	8.80	8.95	9.11
Other Income / (Expense), net	-0.34	-13	0.16	11	24	16
Income Tax Expense	0.79	0.91	1.30	3.92	7.37	13
Basic Earnings per Share	($1.06)	($1.05)	($0.21)	($0.28)	$0.22	$0.92
Weighted Average Basic Shares Outstanding	38.00M	41.66M	93.22M	100.81M	90.14M	91.63M
Diluted Earnings per Share	($1.06)	($1.05)	($0.21)	($0.28)	$0.20	$0.89
Weighted Average Diluted Shares Outstanding	38.00M	41.66M	93.22M	100.81M	96.42M	94.50M
Weighted Average Basic & Diluted Shares Outstanding	-	-	215.23M	96.96M	90.80M	92.07M

This table shows DigitalOcean's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	7.90	-10	-16	0.67	19	16	14	19	33	18	38
Consolidated Net Income / (Loss)	7.90	-10	-16	0.67	19	16	14	19	33	18	38
Net Income / (Loss) Continuing Operations	7.90	-10	-16	0.67	19	16	14	19	33	18	38
Total Pre-Tax Income	8.35	-9.07	-28	3.98	37	14	14	25	30	29	41
Total Operating Income	7.20	-11	-33	-1.50	35	11	12	22	25	33	38
Total Gross Profit	95	103	93	102	107	95	112	117	119	117	129
Total Revenue	152	163	165	170	177	181	185	192	198	205	211
Operating Revenue	152	163	165	170	177	181	185	192	198	205	211
Total Cost of Revenue	57	60	72	67	70	86	73	75	79	88	81
Operating Cost of Revenue	57	60	72	67	70	86	73	75	79	88	81
Total Operating Expenses	88	114	126	104	71	84	101	95	95	85	92
Selling, General & Admin Expense	39	50	49	49	20	45	46	41	40	34	33
Marketing Expense	19	25	18	16	19	12	21	20	17	14	19
Research & Development Expense	30	39	38	39	33	27	34	34	37	37	40
Total Other Income / (Expense), net	1.15	2.29	5.21	5.48	1.65	2.55	2.72	2.48	5.04	-3.54	3.74
Interest Expense	2.13	2.12	2.19	2.11	2.33	2.31	2.30	2.32	2.26	2.23	2.21
Other Income / (Expense), net	3.27	4.41	7.39	7.59	3.98	4.86	5.02	4.80	7.30	-1.32	5.95
Income Tax Expense	0.44	1.31	-11	3.32	18	-2.41	0.12	5.67	-3.31	11	3.18
Basic Earnings per Share	$0.08	($0.12)	($0.17)	$0.01	$0.22	$0.16	$0.16	$0.21	$0.36	$0.19	$0.42
Weighted Average Basic Shares Outstanding	96.56M	100.81M	95.57M	89.01M	87.67M	90.14M	90.79M	91.32M	92.15M	91.63M	91.99M
Diluted Earnings per Share	$0.08	($0.12)	($0.17)	$0.01	$0.20	$0.16	$0.15	$0.20	$0.33	$0.21	$0.39
Weighted Average Diluted Shares Outstanding	104.93M	100.81M	95.57M	96.25M	102.67M	96.42M	93.79M	93.83M	102.59M	94.50M	102.32M
Weighted Average Basic & Diluted Shares Outstanding	96.30M	96.96M	88.81M	88.85M	86.01M	90.80M	91.09M	92.06M	92.28M	92.07M	91.03M

This table details how cash moves in and out of DigitalOcean's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	2.32	67	1,613	-1,564	167	111
Net Cash From Operating Activities	40	58	133	195	235	283
Net Cash From Continuing Operating Activities	40	58	133	195	235	283
Net Income / (Loss) Continuing Operations	-40	-44	-20	-28	19	84
Consolidated Net Income / (Loss)	-40	-44	-20	-28	19	84
Depreciation Expense	63	76	88	102	118	130
Amortization Expense	-	0.00	0.00	-6.14	1.87	2.57
Non-Cash Adjustments To Reconcile Net Income	31	56	72	144	113	121
Changes in Operating Assets and Liabilities, net	-13	-30	-7.84	-17	-17	-55
Net Cash From Investing Activities	-87	-116	-114	-1,148	401	-95
Net Cash From Continuing Investing Activities	-87	-116	-114	-1,148	401	-95
Purchase of Property, Plant & Equipment	-70	-111	-103	-115	-125	-187
Acquisitions	-17	-5.12	-11	-315	-102	0.00
Purchase of Investments	-	0.00	0.00	-1,695	-352	0.00
Sale of Property, Plant & Equipment	0.04	0.17	0.49	0.98	0.24	0.04
Sale and/or Maturity of Investments	-	0.00	0.00	978	980	92
Other Investing Activities, net	-	0.00	0.00	-1.58	-0.15	0.00
Net Cash From Financing Activities	50	124	1,593	-610	-469	-76
Net Cash From Continuing Financing Activities	50	124	1,593	-610	-469	-76
Repayment of Debt	-27	-176	-263	-1.52	-2.26	-5.48
Repurchase of Common Equity	0.00	0.00	-350	-600	-488	-60
Issuance of Common Equity	5.82	13	748	19	43	17
Other Financing Activities, net	0.00	0.00	-3.19	-28	-22	-28
Effect of Exchange Rate Changes	-	-0.20	0.01	-0.25	-0.02	-0.26
Cash Interest Paid	8.83	12	2.34	0.48	0.92	1.05
Cash Income Taxes Paid	0.31	0.61	0.92	4.57	2.72	20

This table details how cash moves in and out of DigitalOcean's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-39	117	-120	99	-50	238	102	24	-3.24	-11	-68
Net Cash From Operating Activities	56	63	36	64	54	81	67	71	73	71	64
Net Cash From Continuing Operating Activities	56	63	36	64	54	81	67	71	73	71	64
Net Income / (Loss) Continuing Operations	7.90	-10	-16	0.67	19	16	14	19	33	18	38
Consolidated Net Income / (Loss)	7.90	-10	-16	0.67	19	16	14	19	33	18	38
Depreciation Expense	26	28	29	28	31	31	32	33	36	29	29
Amortization Expense	-2.07	-3.04	-3.44	0.75	0.43	4.13	2.57	-	-	-	0.00
Non-Cash Adjustments To Reconcile Net Income	35	41	48	38	-2.65	29	32	25	29	34	16
Changes in Operating Assets and Liabilities, net	-11	7.25	-21	-3.12	6.54	0.84	-14	-6.04	-24	-10	-20
Net Cash From Investing Activities	-42	54	108	136	4.56	153	46	-34	-60	-47	-65
Net Cash From Continuing Investing Activities	-42	54	108	136	4.56	153	46	-34	-60	-47	-65
Purchase of Property, Plant & Equipment	-33	-29	-25	-25	-21	-54	-45	-34	-60	-47	-64
Acquisitions	-305	-0.01	-2.50	-	-99	0.32	0.00	-	-	-	-0.98
Sale and/or Maturity of Investments	419	398	332	283	159	206	92	-	-	-	0.00
Net Cash From Financing Activities	-53	0.18	-264	-101	-108	4.43	-11	-13	-17	-35	-67
Net Cash From Continuing Financing Activities	-53	0.18	-264	-101	-108	4.43	-11	-13	-17	-35	-67
Repayment of Debt	-0.03	-	0.00	-	-0.95	-1.31	-1.36	-1.36	-1.38	-1.38	-1.35
Repurchase of Common Equity	-50	-	-266	-103	-106	-14	-8.77	-9.41	-12	-30	-59
Issuance of Common Equity	1.89	3.84	5.54	8.93	3.69	25	5.67	4.51	3.94	3.04	1.94
Other Financing Activities, net	-4.62	-3.66	-3.86	-6.67	-5.06	-5.98	-6.79	-6.68	-7.70	-7.18	-8.72
Effect of Exchange Rate Changes	-0.18	0.10	-0.03	0.01	-0.04	0.04	-0.07	0.01	-0.01	-0.20	0.04
Cash Interest Paid	0.13	0.13	0.13	0.13	0.34	0.32	0.17	0.40	0.25	0.22	0.20
Cash Income Taxes Paid	0.56	2.90	0.39	1.10	0.54	0.69	1.00	7.98	4.47	6.23	0.18

This table presents DigitalOcean's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	430	2,101	1,816	1,461	1,639
Total Current Assets	148	1,770	946	503	542
Cash & Equivalents	100	1,713	141	317	428
Short-Term Investments	-	0.00	723	95	0.00
Accounts Receivable	28	40	54	62	72
Prepaid Expenses	20	17	28	29	41
Plant, Property, & Equipment, net	239	250	273	305	433
Total Noncurrent Assets	43	81	596	653	665
Goodwill	2.67	32	315	348	349
Intangible Assets	35	43	119	140	118
Noncurrent Deferred & Refundable Income Taxes	0.08	0.09	0.75	1.99	0.20
Other Noncurrent Operating Assets	3.71	4.09	160	160	196
Other Noncurrent Nonoperating Assets	2.23	2.04	1.94	1.75	1.75
Total Liabilities & Shareholders' Equity	430	2,101	1,816	1,461	1,639
Total Liabilities	329	1,523	1,768	1,775	1,842
Total Current Liabilities	85	58	166	193	221
Short-Term Debt	17	-	-	81	76
Accounts Payable	12	13	21	3.96	55
Accrued Expenses	27	32	34	31	38
Current Deferred Revenue	4.87	4.83	5.55	5.34	5.40
Other Current Liabilities	23	8.85	105	71	47
Total Noncurrent Liabilities	244	1,465	1,603	1,582	1,621
Long-Term Debt	242	1,463	1,470	1,478	1,485
Capital Lease Obligations	-	-	-	91	130
Noncurrent Deferred & Payable Income Tax Liabilities	0.21	0.42	21	3.53	4.12
Other Noncurrent Operating Liabilities	2.06	1.46	112	9.53	1.10
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-72	578	48	-314	-203
Total Preferred & Common Equity	-72	578	48	-314	-203
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-72	578	48	-314	-203
Common Stock	100	770	264	31	57
Retained Earnings	-167	-187	-214	-344	-259
Accumulated Other Comprehensive Income / (Loss)	-0.25	-0.37	-2.05	-0.45	-1.50

This table presents DigitalOcean's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	1,624	1,584	1,498	1,425	1,486	1,537	1,526	1,642
Total Current Assets	908	699	642	471	516	544	552	479
Cash & Equivalents	24	21	120	79	419	443	440	360
Accounts Receivable	52	55	57	60	64	67	69	77
Prepaid Expenses	31	31	34	27	33	33	43	42
Plant, Property, & Equipment, net	271	278	271	285	322	367	371	446
Total Noncurrent Assets	444	607	585	669	648	626	603	717
Goodwill	315	297	297	348	348	349	349	349
Intangible Assets	123	118	114	146	134	129	123	114
Noncurrent Deferred & Refundable Income Taxes	0.08	0.75	0.75	0.73	1.95	1.94	2.04	0.54
Other Noncurrent Operating Assets	4.63	191	172	172	161	145	128	252
Other Noncurrent Nonoperating Assets	1.94	1.75	1.75	1.75	1.75	1.75	1.75	1.75
Total Liabilities & Shareholders' Equity	1,624	1,584	1,498	1,425	1,486	1,537	1,526	1,642
Total Liabilities	1,593	1,787	1,765	1,784	1,772	1,791	1,738	1,852
Total Current Liabilities	99	171	167	184	189	220	176	198
Short-Term Debt	-	-	-	-	81	74	68	93
Accounts Payable	12	11	9.60	14	4.54	9.47	13	9.42
Accrued Expenses	37	38	28	25	24	56	28	43
Current Deferred Revenue	5.48	5.02	4.99	5.09	5.48	6.80	5.58	5.64
Other Current Liabilities	45	116	125	140	73	74	61	48
Total Noncurrent Liabilities	1,495	1,616	1,598	1,600	1,583	1,570	1,562	1,654
Long-Term Debt	1,468	1,472	1,474	1,476	1,480	1,482	1,483	1,487
Capital Lease Obligations	-	-	-	-	95	83	74	162
Noncurrent Deferred & Payable Income Tax Liabilities	22	4.38	5.28	6.64	3.52	3.51	3.52	4.46
Other Noncurrent Operating Liabilities	4.16	140	119	117	4.32	2.34	1.63	0.71
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	30	-203	-268	-359	-286	-254	-212	-211
Total Preferred & Common Equity	30	-203	-268	-359	-286	-254	-212	-211
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	30	-203	-268	-359	-286	-254	-212	-211
Common Stock	235	29	0.00	0.00	45	57	66	11
Retained Earnings	-201	-231	-267	-358	-330	-310	-277	-221
Accumulated Other Comprehensive Income / (Loss)	-4.31	-0.68	-0.95	-1.02	-0.59	-0.58	-0.40	-1.20

This table displays calculated financial ratios and metrics derived from DigitalOcean's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	24.94%	34.61%	34.48%	20.23%	12.66%
EBITDA Growth	0.00%	42.47%	65.33%	4.74%	91.88%	54.02%
EBIT Growth	0.00%	4.80%	61.71%	-36.84%	336.85%	199.02%
NOPAT Growth	0.00%	47.20%	29.16%	-129.72%	147.94%	812.73%
Net Income Growth	0.00%	-7.87%	55.24%	-42.56%	169.81%	335.32%
EPS Growth	0.00%	0.94%	80.00%	-33.33%	171.43%	345.00%
Operating Cash Flow Growth	0.00%	46.50%	127.70%	46.61%	20.39%	20.34%
Free Cash Flow Firm Growth	0.00%	0.00%	72.08%	-358.02%	23.66%	78.44%
Invested Capital Growth	0.00%	0.00%	26.08%	100.24%	41.65%	14.67%
Revenue Q/Q Growth	0.00%	0.00%	8.11%	8.13%	2.65%	3.18%
EBITDA Q/Q Growth	0.00%	0.00%	-9.94%	16.10%	26.34%	4.22%
EBIT Q/Q Growth	0.00%	0.00%	-1,964.97%	38.37%	176.46%	16.82%
NOPAT Q/Q Growth	0.00%	0.00%	-1,992.72%	-5.01%	-50.20%	13.41%
Net Income Q/Q Growth	0.00%	0.00%	8.13%	5.91%	380.88%	2.83%
EPS Q/Q Growth	0.00%	0.00%	52.27%	-7.69%	350.00%	5.95%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	12.15%	18.24%	8.14%	-3.14%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	8.14%	-526.03%	66.88%
Invested Capital Q/Q Growth	0.00%	0.00%	3.50%	-3.03%	26.22%	8.91%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	52.02%	54.29%	60.19%	63.23%	57.37%	59.69%
EBITDA Margin	12.89%	14.70%	18.05%	14.06%	22.44%	30.67%
Operating Margin	-11.74%	-4.96%	-2.61%	-4.46%	1.72%	11.66%
EBIT Margin	-11.87%	-9.04%	-2.57%	-2.62%	5.16%	13.68%
Profit (Net Income) Margin	-15.85%	-13.68%	-4.55%	-4.82%	2.80%	10.82%
Tax Burden Percent	102.00%	102.14%	107.15%	116.41%	72.49%	86.48%
Interest Burden Percent	130.94%	148.18%	165.13%	158.37%	74.96%	91.47%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	27.51%	13.52%
Return on Invested Capital (ROIC)	0.00%	-8.56%	-2.68%	-3.68%	1.10%	7.94%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-49.95%	21.74%	-9.27%	2.27%	8.41%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-77.73%	-3.06%	-5.20%	-15.68%	-40.65%
Return on Equity (ROE)	0.00%	-86.29%	-5.74%	-8.89%	-14.59%	-32.71%
Cash Return on Invested Capital (CROIC)	0.00%	-208.56%	-25.76%	-70.45%	-33.37%	-5.72%
Operating Return on Assets (OROA)	0.00%	-6.69%	-0.87%	-0.77%	2.18%	6.89%
Return on Assets (ROA)	0.00%	-10.13%	-1.54%	-1.42%	1.18%	5.45%
Return on Common Equity (ROCE)	0.00%	61.61%	-4.28%	-8.89%	-14.59%	-32.71%
Return on Equity Simple (ROE_SIMPLE)	0.00%	60.43%	-3.37%	-58.45%	-6.19%	-41.63%
Net Operating Profit after Tax (NOPAT)	-21	-11	-7.83	-18	8.62	79
NOPAT Margin	-8.21%	-3.47%	-1.83%	-3.12%	1.24%	10.08%
Net Nonoperating Expense Percent (NNEP)	0.00%	41.38%	-24.42%	5.59%	-1.17%	-0.46%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-1.19%	0.65%	5.29%
Cost of Revenue to Revenue	47.98%	45.71%	39.81%	36.77%	42.63%	40.31%
SG&A Expenses to Revenue	27.92%	25.19%	23.94%	28.66%	23.49%	20.61%
R&D to Revenue	23.54%	23.55%	26.99%	24.97%	19.76%	18.25%
Operating Expenses to Revenue	63.76%	59.25%	62.80%	67.69%	55.65%	48.03%
Earnings before Interest and Taxes (EBIT)	-30	-29	-11	-15	36	107
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	47	77	81	155	239
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	15.17	51.56	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	17.43	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.04	2.44	20.46	4.26	4.55	4.03
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	162.59	37.21
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.62%	2.69%
Enterprise Value to Invested Capital (EV/IC)	0.00	4.29	26.18	4.69	4.76	4.16
Enterprise Value to Revenue (EV/Rev)	0.00	3.48	19.88	5.31	6.34	5.65
Enterprise Value to EBITDA (EV/EBITDA)	0.00	23.68	110.13	37.76	28.27	18.41
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	123.01	41.26
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	509.59	56.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	18.95	64.00	15.67	18.70	15.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	2.57	2.53	30.91	-5.26	-8.33
Long-Term Debt to Equity	0.00	2.40	2.53	30.91	-5.00	-7.96
Financial Leverage	0.00	1.56	-0.14	0.56	-6.92	-4.84
Leverage Ratio	0.00	4.26	3.73	6.26	-12.31	-6.00
Compound Leverage Factor	0.00	6.31	6.15	9.91	-9.23	-5.49
Debt to Total Capital	0.00%	72.00%	71.67%	96.87%	123.47%	113.63%
Short-Term Debt to Total Capital	0.00%	4.84%	0.00%	0.00%	6.08%	5.09%
Long-Term Debt to Total Capital	0.00%	67.16%	71.67%	96.87%	117.39%	108.54%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	47.99%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-19.99%	28.33%	3.13%	-23.47%	-13.63%
Debt to EBITDA	0.00	5.55	18.91	18.15	10.62	7.06
Net Debt to EBITDA	0.00	3.41	-3.24	7.48	7.97	5.28
Long-Term Debt to EBITDA	0.00	5.18	18.91	18.15	10.09	6.75
Debt to NOPAT	0.00	-23.49	-186.80	-81.74	191.38	21.49
Net Debt to NOPAT	0.00	-14.42	32.02	-33.69	143.63	16.05
Long-Term Debt to NOPAT	0.00	-21.91	-186.80	-81.74	181.95	20.53
Altman Z-Score	0.00	1.57	4.50	1.47	1.55	1.73
Noncontrolling Interest Sharing Ratio	0.00%	171.39%	25.48%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	1.75	30.39	5.72	2.61	2.45
Quick Ratio	0.00	1.51	30.10	5.55	2.46	2.27
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-269	-75	-344	-263	-57
Operating Cash Flow to CapEx	56.68%	52.90%	129.27%	170.71%	188.59%	151.61%
Free Cash Flow to Firm to Interest Expense	0.00	-19.41	-10.47	-39.10	-29.38	-6.22
Operating Cash Flow to Interest Expense	4.26	4.22	18.54	22.17	26.27	31.02
Operating Cash Flow Less CapEx to Interest Expense	-3.26	-3.75	4.20	9.18	12.34	10.56
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.74	0.34	0.29	0.42	0.50
Accounts Receivable Turnover	0.00	11.33	12.66	12.33	11.94	11.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	1.33	1.75	2.20	2.40	2.12
Accounts Payable Turnover	0.00	11.71	13.60	12.54	23.54	10.75
Days Sales Outstanding (DSO)	0.00	32.21	28.84	29.59	30.56	31.49
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	31.18	26.84	29.10	15.50	33.94
Cash Conversion Cycle (CCC)	0.00	1.03	2.00	0.49	15.05	-2.46
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	258	325	652	923	1,058
Invested Capital Turnover	0.00	2.47	1.47	1.18	0.88	0.79
Increase / (Decrease) in Invested Capital	0.00	258	67	326	271	135
Enterprise Value (EV)	0.00	1,108	8,519	3,059	4,394	4,407
Market Capitalization	776	776	8,769	2,453	3,156	3,144
Book Value per Share	$0.00	($1.73)	$5.30	$0.49	($3.65)	($2.20)
Tangible Book Value per Share	$0.00	($2.63)	$4.61	($4.01)	($9.33)	($7.25)
Total Capital	0.00	361	2,041	1,518	1,337	1,489
Total Debt	0.00	260	1,463	1,470	1,650	1,692
Total Long-Term Debt	0.00	242	1,463	1,470	1,569	1,616
Net Debt	0.00	159	-251	606	1,239	1,263
Capital Expenditures (CapEx)	70	111	103	114	125	186
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-20	-1.57	-84	-20	-32
Debt-free Net Working Capital (DFNWC)	0.00	81	1,712	780	392	397
Net Working Capital (NWC)	0.00	63	1,712	780	310	321
Net Nonoperating Expense (NNE)	19	33	12	9.82	-11	-5.79
Net Nonoperating Obligations (NNO)	0.00	157	-253	604	1,237	1,261
Total Depreciation and Amortization (D&A)	63	76	88	96	120	133
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-6.18%	-0.37%	-14.53%	-2.90%	-4.09%
Debt-free Net Working Capital to Revenue	0.00%	25.33%	399.43%	135.42%	56.53%	50.80%
Net Working Capital to Revenue	0.00%	19.84%	399.43%	135.42%	44.79%	41.09%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.21)	$0.00	$0.22	$0.92
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	93.22M	0.00	90.14M	91.63M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.21)	$0.00	$0.20	$0.89
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	93.22M	0.00	96.42M	94.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	215.23M	0.00	90.80M	92.07M
Normalized Net Operating Profit after Tax (NOPAT)	-21	-11	-7.83	-18	24	79
Normalized NOPAT Margin	-8.21%	-3.47%	-1.83%	-3.12%	3.43%	10.08%
Pre Tax Income Margin	-15.54%	-13.40%	-4.25%	-4.14%	3.86%	12.52%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-3.23	-2.08	-1.54	-1.71	3.99	11.72
NOPAT to Interest Expense	-2.24	-0.80	-1.09	-2.04	0.96	8.64
EBIT Less CapEx to Interest Expense	-10.76	-10.04	-15.88	-14.70	-9.93	-8.74
NOPAT Less CapEx to Interest Expense	-9.76	-8.77	-15.43	-15.03	-12.96	-11.83
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-1,794.60%	-2,157.96%	2,516.64%	70.76%

This table displays calculated financial ratios and metrics derived from DigitalOcean's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	36.51%	36.22%	29.69%	26.84%	16.40%	10.97%	11.87%	13.35%	12.10%	13.30%	14.06%
EBITDA Growth	64.30%	37.77%	-101.67%	95.81%	106.98%	176.74%	27,675.68%	74.88%	-3.86%	19.10%	42.70%
EBIT Growth	726.69%	31.38%	-101.05%	204.46%	276.69%	327.73%	164.53%	345.27%	-19.12%	97.06%	163.23%
NOPAT Growth	682.78%	-12.10%	-143.35%	95.49%	168.82%	262.63%	149.46%	6,969.53%	49.26%	58.41%	203.68%
Net Income Growth	526.73%	14.39%	11.84%	109.84%	142.63%	253.55%	186.37%	2,777.89%	71.83%	14.60%	170.20%
EPS Growth	500.00%	-20.00%	0.00%	114.29%	150.00%	233.33%	188.24%	1,900.00%	65.00%	31.25%	160.00%
Operating Cash Flow Growth	38.99%	91.96%	19.12%	39.26%	-3.21%	28.14%	84.16%	11.19%	35.71%	-11.40%	-3.90%
Free Cash Flow Firm Growth	-11.13%	-349.05%	-455.54%	-317.99%	88.32%	22.66%	17.70%	12.75%	-420.31%	55.56%	34.53%
Invested Capital Growth	113.71%	100.24%	95.53%	88.69%	8.82%	41.65%	44.86%	43.68%	32.89%	14.67%	23.15%
Revenue Q/Q Growth	13.62%	7.15%	1.31%	2.83%	4.27%	2.15%	2.13%	4.19%	3.12%	3.25%	2.82%
EBITDA Q/Q Growth	93.35%	-46.10%	-101.01%	18,725.95%	104.39%	-27.94%	0.52%	18.12%	12.37%	-10.73%	20.43%
EBIT Q/Q Growth	279.53%	-166.43%	-268.87%	123.74%	547.42%	-59.84%	4.52%	63.84%	17.59%	-2.14%	39.62%
NOPAT Q/Q Growth	222.57%	-216.72%	-190.83%	98.92%	7,408.43%	-29.39%	-11.55%	50.51%	58.80%	-25.06%	69.55%
Net Income Q/Q Growth	216.93%	-231.34%	-57.71%	104.06%	2,783.46%	-16.88%	-11.29%	35.36%	72.17%	-44.56%	109.15%
EPS Q/Q Growth	214.29%	-250.00%	-41.67%	105.88%	1,900.00%	-20.00%	-6.25%	33.33%	65.00%	-36.36%	85.71%
Operating Cash Flow Q/Q Growth	21.21%	12.52%	-42.36%	77.17%	-15.76%	48.97%	-17.17%	6.97%	2.82%	-2.75%	-10.16%
Free Cash Flow Firm Q/Q Growth	-376.40%	4.72%	-2.72%	10.35%	86.69%	-530.90%	-9.31%	4.96%	20.62%	46.11%	-61.02%
Invested Capital Q/Q Growth	93.83%	-3.03%	0.55%	-0.16%	11.79%	26.22%	2.83%	-0.98%	3.39%	8.91%	10.44%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	62.71%	63.08%	56.47%	60.34%	60.28%	52.55%	60.68%	60.96%	60.18%	57.13%	61.43%
EBITDA Margin	22.37%	11.25%	-0.11%	20.29%	39.78%	28.06%	27.62%	31.31%	34.11%	29.50%	34.55%
Operating Margin	4.73%	-6.97%	-20.02%	-0.88%	20.03%	6.07%	6.25%	11.60%	12.40%	15.88%	17.87%
EBIT Margin	6.88%	-4.27%	-15.54%	3.59%	22.28%	8.76%	8.96%	14.10%	16.07%	15.23%	20.69%
Profit (Net Income) Margin	5.20%	-6.37%	-9.91%	0.39%	10.83%	8.81%	7.65%	9.94%	16.60%	8.91%	18.13%
Tax Burden Percent	94.70%	114.42%	58.78%	16.70%	51.67%	117.79%	99.19%	77.14%	111.16%	63.00%	92.32%
Interest Burden Percent	79.69%	130.40%	108.53%	65.34%	94.09%	85.41%	86.09%	91.44%	92.91%	92.87%	94.93%
Effective Tax Rate	5.30%	0.00%	0.00%	83.30%	48.33%	-17.79%	0.81%	22.86%	-11.16%	37.00%	7.68%
Return on Invested Capital (ROIC)	4.84%	-5.76%	-17.38%	-0.19%	9.96%	6.30%	5.50%	8.25%	12.24%	7.88%	12.56%
ROIC Less NNEP Spread (ROIC-NNEP)	9.20%	-7.14%	-15.61%	-0.04%	10.05%	6.62%	5.76%	8.43%	12.74%	7.70%	12.83%
Return on Net Nonoperating Assets (RNNOA)	0.49%	-4.01%	-53.03%	0.23%	-53.00%	-45.80%	-24.67%	-34.22%	-50.76%	-37.24%	-67.51%
Return on Equity (ROE)	5.33%	-9.77%	-70.41%	0.04%	-43.04%	-39.50%	-19.17%	-25.97%	-38.51%	-29.36%	-54.94%
Cash Return on Invested Capital (CROIC)	-75.97%	-70.45%	-71.03%	-66.86%	-5.98%	-33.37%	-31.54%	-28.17%	-20.09%	-5.72%	-11.13%
Operating Return on Assets (OROA)	2.83%	-1.26%	-5.39%	1.51%	9.87%	3.70%	4.16%	6.83%	8.24%	7.67%	10.67%
Return on Assets (ROA)	2.14%	-1.87%	-3.44%	0.16%	4.80%	3.73%	3.55%	4.82%	8.51%	4.49%	9.35%
Return on Common Equity (ROCE)	5.33%	-9.77%	-70.41%	0.04%	-43.04%	-39.50%	-19.17%	-25.97%	-38.51%	-29.36%	-54.94%
Return on Equity Simple (ROE_SIMPLE)	-97.79%	0.00%	12.64%	6.80%	1.93%	0.00%	-17.45%	-26.95%	-38.81%	0.00%	-51.51%
Net Operating Profit after Tax (NOPAT)	6.82	-7.96	-23	-0.25	18	13	11	17	27	20	35
NOPAT Margin	4.48%	-4.88%	-14.01%	-0.15%	10.35%	7.15%	6.20%	8.95%	13.78%	10.00%	16.49%
Net Nonoperating Expense Percent (NNEP)	-4.36%	1.38%	-1.77%	-0.15%	-0.10%	-0.33%	-0.26%	-0.18%	-0.49%	0.18%	-0.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.52%	-	-	-	0.97%	-	-	-	1.38%	2.27%
Cost of Revenue to Revenue	37.29%	36.92%	43.53%	39.66%	39.72%	47.45%	39.32%	39.04%	39.82%	42.87%	38.57%
SG&A Expenses to Revenue	25.54%	30.72%	29.64%	28.77%	11.33%	24.81%	24.78%	21.22%	20.37%	16.51%	15.57%
R&D to Revenue	19.88%	24.20%	23.18%	22.71%	18.43%	15.18%	18.39%	17.69%	18.83%	18.11%	18.79%
Operating Expenses to Revenue	57.97%	70.05%	76.49%	61.22%	40.25%	46.48%	54.43%	49.36%	47.78%	41.26%	43.57%
Earnings before Interest and Taxes (EBIT)	10	-6.96	-26	6.09	39	16	17	27	32	31	44
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	18	-0.19	34	70	51	51	60	68	60	73
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	116.03	51.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	6.58	4.26	6.18	5.48	3.16	4.55	4.61	4.31	4.91	4.03	3.81
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	162.59	65.78	46.28	45.26	37.21	28.32
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.62%	1.52%	2.16%	2.21%	2.69%	3.53%
Enterprise Value to Invested Capital (EV/IC)	6.18	4.69	7.11	6.86	4.41	4.76	4.76	4.64	5.05	4.16	3.81
Enterprise Value to Revenue (EV/Rev)	7.79	5.31	7.58	6.90	4.78	6.34	6.35	5.93	6.48	5.65	5.52
Enterprise Value to EBITDA (EV/EBITDA)	59.47	37.76	66.75	51.81	26.23	28.27	21.88	18.76	21.34	18.41	17.06
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	249.74	123.01	58.00	44.06	53.63	41.26	33.29
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	186.35	509.59	110.43	71.22	70.66	56.00	43.75
Enterprise Value to Operating Cash Flow (EV/OCF)	25.14	15.67	23.17	20.49	14.85	18.70	17.03	16.00	16.80	15.59	15.91
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	48.59	30.91	-7.27	-5.51	-4.11	-5.26	-5.79	-6.46	-7.68	-8.33	-8.27
Long-Term Debt to Equity	48.59	30.91	-7.27	-5.51	-4.11	-5.00	-5.51	-6.17	-7.35	-7.96	-7.82
Financial Leverage	0.05	0.56	3.40	-5.56	-5.27	-6.92	-4.28	-4.06	-3.99	-4.84	-5.26
Leverage Ratio	2.76	6.26	15.72	-14.08	-9.28	-12.31	-6.28	-5.82	-5.17	-6.00	-6.29
Compound Leverage Factor	2.20	8.16	17.06	-9.20	-8.73	-10.52	-5.41	-5.32	-4.81	-5.57	-5.98
Debt to Total Capital	97.98%	96.87%	115.96%	122.18%	132.12%	123.47%	120.88%	118.33%	114.98%	113.63%	113.76%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	6.08%	5.93%	5.34%	4.82%	5.09%	6.07%
Long-Term Debt to Total Capital	97.98%	96.87%	115.96%	122.18%	132.12%	117.39%	114.95%	112.98%	110.16%	108.54%	107.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	2.02%	3.13%	-15.96%	-22.18%	-32.12%	-23.47%	-20.88%	-18.33%	-14.98%	-13.63%	-13.76%
Debt to EBITDA	21.04	18.15	21.10	17.01	12.00	10.62	8.01	7.05	7.07	7.06	6.67
Net Debt to EBITDA	9.23	7.48	12.32	10.66	8.87	7.97	5.99	5.14	5.16	5.28	5.29
Long-Term Debt to EBITDA	21.04	18.15	21.10	17.01	12.00	10.09	7.62	6.73	6.78	6.75	6.31
Debt to NOPAT	-85.73	-81.74	-46.56	-54.38	85.23	191.38	40.45	26.76	23.42	21.49	17.10
Net Debt to NOPAT	-37.58	-33.69	-27.19	-34.07	63.05	143.63	30.22	19.52	17.08	16.05	13.56
Long-Term Debt to NOPAT	-85.73	-81.74	-46.56	-54.38	85.23	181.95	38.47	25.55	22.44	20.53	16.19
Altman Z-Score	2.09	1.49	1.81	1.79	1.17	1.50	1.58	1.57	1.89	1.58	1.59
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	9.19	5.72	4.10	3.84	2.56	2.61	2.73	2.47	3.14	2.45	2.42
Quick Ratio	8.88	5.55	3.91	3.63	2.41	2.46	2.56	2.32	2.89	2.27	2.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-351	-334	-343	-308	-41	-258	-283	-269	-213	-115	-185
Operating Cash Flow to CapEx	168.24%	216.55%	144.27%	262.90%	252.46%	150.05%	147.46%	207.67%	122.75%	151.32%	100.15%
Free Cash Flow to Firm to Interest Expense	-164.90	-158.00	-156.81	-145.71	-17.56	-111.84	-122.62	-115.69	-94.23	-51.60	-83.77
Operating Cash Flow to Interest Expense	26.26	29.71	16.54	30.38	23.17	34.84	28.95	30.74	32.43	32.05	29.03
Operating Cash Flow Less CapEx to Interest Expense	10.65	15.99	5.08	18.82	13.99	11.62	9.32	15.94	6.01	10.87	0.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.41	0.29	0.35	0.42	0.44	0.42	0.46	0.48	0.51	0.50	0.52
Accounts Receivable Turnover	11.99	12.33	12.60	12.86	11.98	11.94	11.99	11.81	11.71	11.59	11.48
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.08	2.20	2.29	2.41	2.43	2.40	2.37	2.30	2.31	2.12	2.10
Accounts Payable Turnover	16.04	12.54	17.31	18.73	20.70	23.54	36.64	30.69	22.11	10.75	45.90
Days Sales Outstanding (DSO)	30.45	29.59	28.97	28.39	30.46	30.56	30.44	30.91	31.16	31.49	31.78
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	22.75	29.10	21.08	19.49	17.64	15.50	9.96	11.89	16.51	33.94	7.95
Cash Conversion Cycle (CCC)	7.70	0.49	7.89	8.90	12.82	15.05	20.48	19.02	14.65	-2.46	23.83
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	672	652	655	654	731	923	949	940	972	1,058	1,169
Invested Capital Turnover	1.08	1.18	1.24	1.30	0.96	0.88	0.89	0.92	0.89	0.79	0.76
Increase / (Decrease) in Invested Capital	358	326	320	307	59	271	294	286	241	135	220
Enterprise Value (EV)	4,150	3,059	4,657	4,488	3,227	4,394	4,521	4,361	4,904	4,407	4,456
Market Capitalization	3,506	2,453	3,798	3,565	2,135	3,156	3,284	3,165	3,718	3,144	3,074
Book Value per Share	$0.31	$0.49	($2.09)	($3.01)	($4.04)	($3.65)	($3.15)	($2.79)	($2.30)	($2.20)	($2.29)
Tangible Book Value per Share	($4.20)	($4.01)	($6.36)	($7.63)	($9.60)	($9.33)	($8.47)	($8.03)	($7.42)	($7.25)	($7.31)
Total Capital	1,499	1,518	1,270	1,206	1,117	1,337	1,370	1,385	1,413	1,489	1,531
Total Debt	1,468	1,470	1,472	1,474	1,476	1,650	1,656	1,639	1,625	1,692	1,742
Total Long-Term Debt	1,468	1,470	1,472	1,474	1,476	1,569	1,575	1,565	1,557	1,616	1,649
Net Debt	644	606	860	924	1,092	1,239	1,237	1,195	1,185	1,263	1,381
Capital Expenditures (CapEx)	33	29	25	24	21	54	45	34	60	47	64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-15	-84	-84	-76	-97	-20	-11	-46	4.24	-32	13
Debt-free Net Working Capital (DFNWC)	810	780	528	475	287	392	408	398	444	397	374
Net Working Capital (NWC)	810	780	528	475	287	310	327	324	376	321	281
Net Nonoperating Expense (NNE)	-1.09	2.42	-6.77	-0.92	-0.85	-3.00	-2.69	-1.91	-5.60	2.23	-3.45
Net Nonoperating Obligations (NNO)	642	604	858	922	1,090	1,237	1,235	1,194	1,184	1,261	1,380
Total Depreciation and Amortization (D&A)	24	25	25	28	31	35	34	33	36	29	29
Debt-free, Cash-free Net Working Capital to Revenue	-2.83%	-14.53%	-13.75%	-11.65%	-14.36%	-2.90%	-1.54%	-6.20%	0.56%	-4.09%	1.66%
Debt-free Net Working Capital to Revenue	151.89%	135.42%	85.99%	73.03%	42.54%	56.53%	57.28%	54.08%	58.70%	50.80%	46.35%
Net Working Capital to Revenue	151.89%	135.42%	85.99%	73.03%	42.54%	44.79%	45.88%	44.01%	49.70%	41.09%	34.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.10	($0.12)	$0.00	$0.01	$0.22	$0.16	$0.16	$0.21	$0.36	$0.19	$0.42
Adjusted Weighted Average Basic Shares Outstanding	96.56M	100.81M	0.00	89.01M	87.67M	90.14M	90.79M	91.32M	92.15M	91.63M	91.99M
Adjusted Diluted Earnings per Share	$0.10	($0.12)	$0.00	$0.01	$0.20	$0.16	$0.15	$0.20	$0.33	$0.21	$0.39
Adjusted Weighted Average Diluted Shares Outstanding	104.93M	100.81M	0.00	96.25M	102.67M	96.42M	93.79M	93.83M	102.59M	94.50M	102.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	96.30M	96.96M	0.00	88.85M	86.01M	90.80M	91.09M	92.06M	92.28M	92.07M	91.03M
Normalized Net Operating Profit after Tax (NOPAT)	6.82	-7.96	-8.53	-0.75	18	7.71	11	17	17	20	35
Normalized NOPAT Margin	4.48%	-4.88%	-5.17%	-0.44%	10.22%	4.26%	6.20%	8.95%	8.68%	10.00%	16.49%
Pre Tax Income Margin	5.49%	-5.57%	-16.87%	2.34%	20.96%	7.48%	7.72%	12.89%	14.93%	14.15%	19.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.92	-3.29	-11.72	2.88	16.91	6.86	7.19	11.69	14.10	14.03	19.74
NOPAT to Interest Expense	3.20	-3.76	-10.57	-0.12	7.85	5.60	4.97	7.42	12.09	9.21	15.74
EBIT Less CapEx to Interest Expense	-10.68	-17.01	-23.19	-8.67	7.73	-16.36	-12.44	-3.11	-12.31	-7.15	-9.24
NOPAT Less CapEx to Interest Expense	-12.40	-17.48	-22.04	-11.67	-1.32	-17.62	-14.66	-7.38	-14.33	-11.97	-13.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-3,215.00%	-2,157.96%	-2,795.83%	-2,304.03%	-6,873.37%	2,516.64%	463.41%	201.37%	52.80%	70.76%	101.39%

Financials Breakdown Chart

Key Financial Trends

DigitalOcean (NYSE: DOCN) Financial Summary and Trends

Analyzing the financial data from Q3 2022 through Q1 2025, DigitalOcean demonstrates steady growth in revenue and profitability, accompanied by significant capital investments and ongoing equity repurchases. Below are key positive, neutral, and negative points extracted from the financial statements over the last several quarters:

Consistent increase in Operating Revenue from $152.1M in Q3 2022 to $210.7M in Q1 2025, indicating solid top-line growth.
Growth in Gross Profit, reaching $129.4M in Q1 2025 from $95.4M in Q3 2022, reflecting improving operational efficiency.
Net income turning positive and expanding, for example $38.2M in Q1 2025 versus a net loss in early 2023 quarters; EPS improving to $0.42 basic in Q1 2025.
Strong Operating Cash Flow, with Q1 2025 generating $64.1M, supporting operational sustainability and investments.
Regular capital expenditures in Property, Plant & Equipment (e.g., $63.9M in Q1 2025), indicating strategic investments in infrastructure to support growth.
Active share repurchase program evident, with $59M in buybacks in Q1 2025 and significant cumulative repurchases, benefiting shareholders by reducing share count.
Other Income/Expense fluctuations appear manageable; Q1 2025 shows positive net other income of $3.7M.

Interest expense remains around $2M per quarter, reflecting debt costs, but appears stable.
Total liabilities are significantly higher than equity (negative total equity of approximately -$210M in Q1 2025), suggesting heavy leverage but consistent with prior periods.
Fluctuations in deferred tax assets and liabilities along with goodwill and intangible assets remain substantial but steady.

High and rising operating expenses, especially in Selling, General & Admin and R&D, reaching $91.8M in Q1 2025, which could pressure margins if revenue growth slows.
Negative equity position in recent quarters, indicating accumulated losses or other equity impacts that reduce shareholder equity below zero.
Significant cash outflows related to acquisition activities and investment purchases in several quarters, which might affect liquidity depending on financing.
Net cash used in financing activities in recent quarters driven by debt repayments and share repurchases, stressing cash reserves.
The net change in cash & equivalents is often negative following investing and financing outflows, reducing overall liquidity despite strong cash positions.
Income tax expense variability, e.g., $3.2M in Q1 2025, impacting net income levels.
EPS was negative in parts of 2023 and early 2024, indicating recent periods of unprofitability before recent turnaround.

Summary: Over the analyzed period, DigitalOcean shows a positive trend of revenue growth and improving profitability culminating in profitable quarters in 2024-2025. The company invests heavily in capital assets and maintains an active capital return program through share repurchases. However, the firm carries substantial debt and has a negative common equity value, indicating significant accumulated losses or other equity impacts. Operating costs are rising and require monitoring to sustain margin improvements. Investors should weigh the company’s growth and profitability improvements against leverage and expense pressures.

10/24/25 05:57 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About DigitalOcean's Financials

When does DigitalOcean's fiscal year end?

According to the most recent income statement we have on file, DigitalOcean's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has DigitalOcean's net income changed over the last 5 years?

DigitalOcean's net income appears to be on a downward trend, with a most recent value of $84.49 million in 2024, falling from -$40.39 million in 2019. The previous period was $19.41 million in 2023. See DigitalOcean's forecast for analyst expectations on what’s next for the company.

What is DigitalOcean's operating income?

DigitalOcean's total operating income in 2024 was $91.01 million, based on the following breakdown:

Total Gross Profit: $465.94 million
Total Operating Expenses: $374.94 million

How has DigitalOcean's revenue changed over the last 5 years?

Over the last 5 years, DigitalOcean's total revenue changed from $254.82 million in 2019 to $780.62 million in 2024, a change of 206.3%.

How much debt does DigitalOcean have?

DigitalOcean's total liabilities were at $1.84 billion at the end of 2024, a 3.8% increase from 2023, and a 459.4% increase since 2020.

How much cash does DigitalOcean have?

In the past 4 years, DigitalOcean's cash and equivalents has ranged from $100.31 million in 2020 to $1.71 billion in 2021, and is currently $428.45 million as of their latest financial filing in 2024.

How has DigitalOcean's book value per share changed over the last 5 years?

Over the last 5 years, DigitalOcean's book value per share changed from 0.00 in 2019 to -2.20 in 2024, a change of -219.9%.

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This page (NYSE:DOCN) was last updated on 10/24/2025 by MarketBeat.com Staff

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DigitalOcean (DOCN) Financials

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