DigitalOcean (DOCN) Financials

$151.17 -9.82 (-6.10%)

Closing price 05/7/2026 03:59 PM Eastern

Extended Trading

$151.15 -0.02 (-0.01%)

As of 06:35 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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-40	-44	-20	-28	19	84	259
Consolidated Net Income / (Loss)	-40	-44	-20	-28	19	84	259
Net Income / (Loss) Continuing Operations	-40	-44	-20	-28	19	84	259
Total Pre-Tax Income	-40	-43	-18	-24	27	98	207
Total Operating Income	-30	-16	-11	-26	12	91	157
Total Gross Profit	133	173	258	364	397	466	540
Total Revenue	255	318	429	576	693	781	901
Operating Revenue	255	318	429	576	693	781	901
Total Cost of Revenue	122	146	171	212	295	315	362
Operating Cost of Revenue	122	146	171	212	295	315	362
Total Operating Expenses	162	189	269	390	386	375	383
Selling, General & Admin Expense	71	80	103	165	163	161	139
Marketing Expense	31	33	51	81	65	72	82
Research & Development Expense	60	75	116	144	137	142	162
Restructuring Charge	-	-	0.00	0.00	21	0.00	0.00
Total Other Income / (Expense), net	-9.69	-27	-7.02	1.81	15	6.69	50
Interest Expense	9.36	14	7.18	8.80	8.95	9.11	-30
Other Income / (Expense), net	-0.34	-13	0.16	11	24	16	20
Income Tax Expense	0.79	0.91	1.30	3.92	7.37	13	-53
Basic Earnings per Share	($1.06)	($1.05)	($0.21)	($0.28)	$0.22	$0.92	$2.83
Weighted Average Basic Shares Outstanding	38.00M	41.66M	93.22M	100.81M	90.14M	91.63M	91.48M
Diluted Earnings per Share	($1.06)	($1.05)	($0.21)	($0.28)	$0.20	$0.89	$2.52
Weighted Average Diluted Shares Outstanding	38.00M	41.66M	93.22M	100.81M	96.42M	94.50M	105.34M
Weighted Average Basic & Diluted Shares Outstanding	-	-	215.23M	96.96M	90.80M	92.07M	92.00M

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	19	16	14	19	33	18	38	37	158	26	16
Consolidated Net Income / (Loss)	19	16	14	19	33	18	38	37	158	26	16
Net Income / (Loss) Continuing Operations	19	16	14	19	33	18	38	37	158	26	16
Total Pre-Tax Income	37	14	14	25	30	29	41	42	90	33	24
Total Operating Income	35	11	12	22	25	33	38	36	45	39	37
Total Gross Profit	107	95	109	114	117	117	129	131	137	142	145
Total Revenue	177	181	185	192	198	205	211	219	230	242	258
Operating Revenue	177	181	185	192	198	205	211	219	230	242	258
Total Cost of Revenue	70	86	76	78	82	88	81	88	93	100	113
Operating Cost of Revenue	70	86	76	78	82	88	81	88	93	100	113
Total Operating Expenses	71	84	98	92	92	85	92	95	92	103	108
Selling, General & Admin Expense	20	45	46	41	40	34	33	36	33	37	38
Marketing Expense	19	12	19	18	15	14	19	19	21	23	22
Research & Development Expense	33	27	33	33	36	37	40	40	38	44	49
Total Other Income / (Expense), net	1.65	2.55	2.72	2.48	5.04	-3.54	3.74	6.83	45	-6.28	-12
Interest Expense	2.33	2.31	2.30	2.32	2.26	2.23	2.21	2.51	-43	8.45	13
Other Income / (Expense), net	3.98	4.86	5.02	4.80	7.30	-1.32	5.95	9.34	2.05	2.18	1.18
Income Tax Expense	18	-2.41	0.12	5.67	-3.31	11	3.18	5.42	-68	6.86	8.73
Basic Earnings per Share	$0.22	$0.16	$0.16	$0.21	$0.36	$0.19	$0.42	$0.41	$1.74	$0.26	$0.17
Weighted Average Basic Shares Outstanding	87.67M	90.14M	90.79M	91.32M	92.15M	91.63M	91.99M	91.10M	91.19M	91.48M	93.04M
Diluted Earnings per Share	$0.20	$0.16	$0.15	$0.20	$0.33	$0.21	$0.39	$0.39	$1.51	$0.23	$0.15
Weighted Average Diluted Shares Outstanding	102.67M	96.42M	93.79M	93.83M	102.59M	94.50M	102.32M	100.62M	105.52M	105.34M	111.92M
Weighted Average Basic & Diluted Shares Outstanding	86.01M	90.80M	91.09M	92.06M	92.28M	92.07M	91.03M	91.04M	91.49M	92.00M	104.36M

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	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	2.32	67	1,613	-1,564	167	111	-176
Net Cash From Operating Activities	40	58	133	195	235	283	310
Net Cash From Continuing Operating Activities	40	58	133	195	235	283	310
Net Income / (Loss) Continuing Operations	-40	-44	-20	-28	19	84	259
Consolidated Net Income / (Loss)	-40	-44	-20	-28	19	84	259
Depreciation Expense	63	76	88	102	118	130	137
Amortization Expense	-	0.00	0.00	-6.14	1.87	2.57	0.00
Non-Cash Adjustments To Reconcile Net Income	31	56	72	144	118	121	36
Changes in Operating Assets and Liabilities, net	-13	-30	-7.84	-17	-23	-55	-123
Net Cash From Investing Activities	-87	-116	-114	-1,148	401	-95	-268
Net Cash From Continuing Investing Activities	-87	-116	-114	-1,148	401	-95	-268
Purchase of Property, Plant & Equipment	-70	-111	-103	-115	-125	-187	-267
Acquisitions	-17	-5.12	-11	-315	-102	0.00	-1.84
Purchase of Investments	-	0.00	0.00	-1,695	-352	0.00	0.00
Sale of Property, Plant & Equipment	0.04	0.17	0.49	0.98	0.24	0.04	0.23
Sale and/or Maturity of Investments	-	0.00	0.00	978	980	92	0.00
Other Investing Activities, net	-	0.00	0.00	-1.58	-0.15	0.00	0.00
Net Cash From Financing Activities	50	124	1,593	-610	-469	-76	-217
Net Cash From Continuing Financing Activities	50	124	1,593	-610	-469	-76	-217
Repayment of Debt	-27	-176	-263	-1.52	-2.26	-5.48	-1,140
Repurchase of Common Equity	0.00	0.00	-350	-600	-488	-60	-82
Issuance of Debt	71	238	1,462	-	0.00	0.00	982
Issuance of Common Equity	5.82	13	748	19	43	17	9.01
Other Financing Activities, net	0.00	0.00	-3.19	-28	-22	-28	14
Effect of Exchange Rate Changes	-	-0.20	0.01	-0.25	-0.02	-0.26	0.03
Cash Interest Paid	8.83	12	2.34	0.48	0.92	1.05	9.69
Cash Income Taxes Paid	0.31	0.61	0.92	4.57	2.72	20	6.28

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-50	238	102	24	-3.24	-11	-68	27	-153	18	487
Net Cash From Operating Activities	54	81	67	71	73	71	64	92	96	57	47
Net Cash From Continuing Operating Activities	54	81	67	71	73	71	64	92	96	57	47
Net Income / (Loss) Continuing Operations	19	16	14	19	33	18	38	37	158	26	16
Consolidated Net Income / (Loss)	19	16	14	19	33	18	38	37	158	26	16
Depreciation Expense	31	31	32	33	36	29	29	33	35	40	45
Non-Cash Adjustments To Reconcile Net Income	-2.65	29	32	25	29	34	16	15	-16	20	21
Changes in Operating Assets and Liabilities, net	6.54	0.84	-14	-6.04	-24	-10	-20	7.28	-82	-29	-35
Net Cash From Investing Activities	4.56	153	46	-34	-60	-47	-65	-35	-38	-130	-61
Net Cash From Continuing Investing Activities	4.56	153	46	-34	-60	-47	-65	-35	-38	-130	-49
Purchase of Property, Plant & Equipment	-21	-54	-45	-34	-60	-47	-64	-35	-39	-130	-45
Acquisitions	-99	0.32	0.00	-	-	-	-0.98	-0.85	-	-	-4.04
Net Cash From Financing Activities	-108	4.43	-11	-13	-17	-35	-67	-30	-210	90	501
Net Cash From Continuing Financing Activities	-108	4.43	-11	-13	-17	-35	-67	-30	-210	90	489
Repayment of Debt	-0.95	-1.31	-1.36	-1.36	-1.38	-1.38	-1.35	-5.46	-1,129	-4.14	-510
Repurchase of Common Equity	-106	-14	-8.77	-9.41	-12	-30	-59	-20	-2.93	-	0.00
Issuance of Debt	-	-	-	-	-	-	0.00	-	-	-0.33	120
Issuance of Common Equity	3.69	25	5.67	4.51	3.94	3.04	1.94	3.49	0.86	2.72	890
Other Financing Activities, net	-5.06	-5.98	-6.79	-6.68	-7.70	-7.18	-8.72	-7.58	-62	92	-11
Effect of Exchange Rate Changes	-0.04	0.04	-0.07	0.01	-0.01	-0.20	0.04	0.01	-	-	-0.07
Cash Interest Paid	0.34	0.32	0.17	0.40	0.25	0.22	0.20	0.05	2.47	6.97	9.53
Cash Income Taxes Paid	0.54	0.69	1.00	7.98	4.47	6.23	0.18	5.58	-0.85	1.37	1.91

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	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	430	2,101	1,816	1,461	1,639	1,838
Total Current Assets	148	1,770	946	503	542	427
Cash & Equivalents	100	1,713	141	317	428	254
Accounts Receivable	28	40	54	62	72	91
Prepaid Expenses	20	17	28	29	41	82
Plant, Property, & Equipment, net	239	250	273	305	433	589
Total Noncurrent Assets	43	81	596	653	665	822
Goodwill	2.67	32	315	348	349	349
Intangible Assets	35	43	119	140	118	100
Noncurrent Deferred & Refundable Income Taxes	0.08	0.09	0.75	1.99	0.20	90
Other Noncurrent Operating Assets	3.71	4.09	160	160	196	283
Total Liabilities & Shareholders' Equity	430	2,101	1,816	1,461	1,639	1,838
Total Liabilities	329	1,523	1,768	1,775	1,842	1,866
Total Current Liabilities	85	58	166	193	221	619
Short-Term Debt	17	-	-	81	0.00	325
Accounts Payable	12	13	21	3.96	55	39
Accrued Expenses	27	32	34	31	38	43
Current Deferred Revenue	4.87	4.83	5.55	5.34	5.40	5.88
Other Current Liabilities	23	8.85	105	71	123	207
Total Noncurrent Liabilities	244	1,465	1,603	1,582	1,621	1,247
Long-Term Debt	242	1,463	1,470	1,478	1,485	971
Capital Lease Obligations	-	-	-	91	1.10	99
Noncurrent Deferred & Payable Income Tax Liabilities	0.21	0.42	21	3.53	4.12	4.09
Other Noncurrent Operating Liabilities	2.06	1.46	112	9.53	130	173
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-72	578	48	-314	-203	-29
Total Preferred & Common Equity	-72	578	48	-314	-203	-29
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-72	578	48	-314	-203	-29
Common Stock	100	770	264	31	57	16
Retained Earnings	-167	-187	-214	-344	-259	-44
Accumulated Other Comprehensive Income / (Loss)	-0.25	-0.37	-2.05	-0.45	-1.50	-0.96

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	Q2 2025	Q3 2025	Q1 2026
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	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,624	1,584	1,498	1,425	1,486	1,537	1,526	1,642	1,720	1,726	2,570
Total Current Assets	908	699	642	471	516	544	552	479	510	368	944
Cash & Equivalents	24	21	120	79	419	443	440	360	388	237	741
Accounts Receivable	52	55	57	60	64	67	69	77	81	84	105
Prepaid Expenses	31	31	34	27	33	33	43	42	41	47	97
Plant, Property, & Equipment, net	271	278	271	285	322	367	371	446	466	521	754
Total Noncurrent Assets	444	607	585	669	648	626	603	717	745	838	872
Goodwill	315	297	297	348	348	349	349	349	349	349	351
Intangible Assets	123	118	114	146	134	129	123	114	109	104	98
Noncurrent Deferred & Refundable Income Taxes	0.08	0.75	0.75	0.73	1.95	1.94	2.04	0.54	0.59	92	84
Other Noncurrent Operating Assets	4.63	191	172	172	161	145	128	252	284	292	340
Total Liabilities & Shareholders' Equity	1,624	1,584	1,498	1,425	1,486	1,537	1,526	1,642	1,720	1,726	2,570
Total Liabilities	1,593	1,787	1,765	1,784	1,772	1,791	1,738	1,852	1,895	1,795	1,683
Total Current Liabilities	99	171	167	184	189	220	176	198	225	325	647
Short-Term Debt	-	-	-	-	81	74	68	93	98	9.50	311
Accounts Payable	12	11	9.60	14	4.54	9.47	13	9.42	31	68	32
Accrued Expenses	37	38	28	25	24	56	28	43	35	47	57
Current Deferred Revenue	5.48	5.02	4.99	5.09	5.48	6.80	5.58	5.64	11	8.59	6.28
Other Current Liabilities	45	116	125	140	73	74	61	48	49	193	241
Total Noncurrent Liabilities	1,495	1,616	1,598	1,600	1,583	1,570	1,562	1,654	1,670	1,470	1,036
Long-Term Debt	1,468	1,472	1,474	1,476	1,480	1,482	1,483	1,487	1,489	1,284	608
Capital Lease Obligations	-	-	-	-	95	83	74	162	176	21	208
Noncurrent Deferred & Payable Income Tax Liabilities	22	4.38	5.28	6.64	3.52	3.51	3.52	4.46	4.58	4.50	4.00
Other Noncurrent Operating Liabilities	4.16	140	119	117	4.32	2.34	1.63	0.71	0.55	160	215
Commitments & Contingencies	0.00	0.00	0.00	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	-175	-70	887
Total Preferred & Common Equity	30	-203	-268	-359	-286	-254	-212	-211	-175	-70	887
Preferred Stock	0.00	0.00	0.00	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	-175	-70	887
Common Stock	235	29	0.00	0.00	45	57	66	11	8.89	0.72	917
Retained Earnings	-201	-231	-267	-358	-330	-310	-277	-221	-184	-69	-28
Accumulated Other Comprehensive Income / (Loss)	-4.31	-0.68	-0.95	-1.02	-0.59	-0.58	-0.40	-1.20	-0.59	-0.94	-1.58

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	24.94%	34.61%	34.48%	20.23%	12.66%	15.48%
EBITDA Growth	0.00%	42.47%	65.33%	4.74%	91.88%	54.02%	31.12%
EBIT Growth	0.00%	4.80%	61.71%	-36.84%	336.85%	199.02%	65.24%
NOPAT Growth	0.00%	47.20%	29.16%	-129.72%	147.94%	812.73%	150.23%
Net Income Growth	0.00%	-7.87%	55.24%	-42.56%	169.81%	335.32%	206.85%
EPS Growth	0.00%	0.94%	80.00%	-33.33%	171.43%	345.00%	183.15%
Operating Cash Flow Growth	0.00%	46.50%	127.70%	46.61%	20.39%	20.34%	9.51%
Free Cash Flow Firm Growth	0.00%	0.00%	72.08%	-358.02%	23.66%	78.44%	-141.28%
Invested Capital Growth	0.00%	0.00%	26.08%	100.24%	41.65%	14.67%	30.26%
Revenue Q/Q Growth	0.00%	0.00%	8.11%	8.13%	2.65%	3.18%	4.34%
EBITDA Q/Q Growth	0.00%	0.00%	-9.94%	16.10%	26.34%	4.22%	7.15%
EBIT Q/Q Growth	0.00%	0.00%	-1,964.97%	38.37%	176.46%	16.82%	5.85%
NOPAT Q/Q Growth	0.00%	0.00%	-1,992.72%	-5.01%	-50.20%	13.41%	5.38%
Net Income Q/Q Growth	0.00%	0.00%	8.13%	5.91%	380.88%	2.83%	2.94%
EPS Q/Q Growth	0.00%	0.00%	52.27%	-7.69%	350.00%	5.95%	0.80%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	12.15%	18.24%	8.14%	-3.14%	-4.34%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	8.14%	-526.03%	66.88%	-140.91%
Invested Capital Q/Q Growth	0.00%	0.00%	3.50%	-3.03%	26.22%	8.91%	10.17%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	52.02%	54.29%	60.19%	63.23%	57.37%	59.69%	59.86%
EBITDA Margin	12.89%	14.70%	18.05%	14.06%	22.44%	30.67%	34.83%
Operating Margin	-11.74%	-4.96%	-2.61%	-4.46%	1.72%	11.66%	17.42%
EBIT Margin	-11.87%	-9.04%	-2.57%	-2.62%	5.16%	13.68%	19.58%
Profit (Net Income) Margin	-15.85%	-13.68%	-4.55%	-4.82%	2.80%	10.82%	28.76%
Tax Burden Percent	102.00%	102.14%	107.15%	116.41%	72.49%	86.48%	125.45%
Interest Burden Percent	130.94%	148.18%	165.13%	158.37%	74.96%	91.47%	117.09%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	27.51%	13.52%	-25.45%
Return on Invested Capital (ROIC)	0.00%	-8.56%	-2.68%	-3.68%	1.10%	7.94%	20.05%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-49.95%	21.74%	-9.27%	2.27%	8.41%	25.72%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-77.73%	-3.06%	-5.20%	-15.68%	-40.65%	-243.89%
Return on Equity (ROE)	0.00%	-86.29%	-5.74%	-8.89%	-14.59%	-32.71%	-223.84%
Cash Return on Invested Capital (CROIC)	0.00%	-208.56%	-25.76%	-70.45%	-33.37%	-5.72%	-6.24%
Operating Return on Assets (OROA)	0.00%	-6.69%	-0.87%	-0.77%	2.18%	6.89%	10.15%
Return on Assets (ROA)	0.00%	-10.13%	-1.54%	-1.42%	1.18%	5.45%	14.91%
Return on Common Equity (ROCE)	0.00%	61.61%	-4.28%	-8.89%	-14.59%	-32.71%	-223.84%
Return on Equity Simple (ROE_SIMPLE)	0.00%	60.43%	-3.37%	-58.45%	-6.19%	-41.63%	0.00%
Net Operating Profit after Tax (NOPAT)	-21	-11	-7.83	-18	8.62	79	197
NOPAT Margin	-8.21%	-3.47%	-1.83%	-3.12%	1.24%	10.08%	21.85%
Net Nonoperating Expense Percent (NNEP)	0.00%	41.38%	-24.42%	5.59%	-1.17%	-0.46%	-5.67%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-1.19%	0.65%	5.29%	14.42%
Cost of Revenue to Revenue	47.98%	45.71%	39.81%	36.77%	42.63%	40.31%	40.14%
SG&A Expenses to Revenue	27.92%	25.19%	23.94%	28.66%	23.49%	20.61%	15.37%
R&D to Revenue	23.54%	23.55%	26.99%	24.97%	19.76%	18.25%	17.93%
Operating Expenses to Revenue	63.76%	59.25%	62.80%	67.69%	55.65%	48.03%	42.44%
Earnings before Interest and Taxes (EBIT)	-30	-29	-11	-15	36	107	176
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	33	47	77	81	155	239	314
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	15.17	51.56	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	17.43	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.04	2.44	20.46	4.26	4.55	4.03	4.88
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	162.59	37.21	16.98
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.62%	2.69%	5.89%
Enterprise Value to Invested Capital (EV/IC)	0.00	4.29	26.18	4.69	4.76	4.16	4.99
Enterprise Value to Revenue (EV/Rev)	0.00	3.48	19.88	5.31	6.34	5.65	6.15
Enterprise Value to EBITDA (EV/EBITDA)	0.00	23.68	110.13	37.76	28.27	18.41	17.66
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	123.01	41.26	31.41
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	509.59	56.00	28.14
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	18.95	64.00	15.67	18.70	15.59	17.90
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	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	-48.62
Long-Term Debt to Equity	0.00	2.40	2.53	30.91	-5.00	-7.96	-37.29
Financial Leverage	0.00	1.56	-0.14	0.56	-6.92	-4.84	-9.48
Leverage Ratio	0.00	4.26	3.73	6.26	-12.31	-6.00	-15.01
Compound Leverage Factor	0.00	6.31	6.15	9.91	-9.23	-5.49	-17.57
Debt to Total Capital	0.00%	72.00%	71.67%	96.87%	123.47%	113.63%	102.10%
Short-Term Debt to Total Capital	0.00%	4.84%	0.00%	0.00%	6.08%	5.09%	23.80%
Long-Term Debt to Total Capital	0.00%	67.16%	71.67%	96.87%	117.39%	108.54%	78.30%
Preferred Equity to Total Capital	0.00%	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%	0.00%
Common Equity to Total Capital	0.00%	-19.99%	28.33%	3.13%	-23.47%	-13.63%	-2.10%
Debt to EBITDA	0.00	5.55	18.91	18.15	10.62	7.06	4.44
Net Debt to EBITDA	0.00	3.41	-3.24	7.48	7.97	5.28	3.63
Long-Term Debt to EBITDA	0.00	5.18	18.91	18.15	10.09	6.75	3.41
Debt to NOPAT	0.00	-23.49	-186.80	-81.74	191.38	21.49	7.08
Net Debt to NOPAT	0.00	-14.42	32.02	-33.69	143.63	16.05	5.79
Long-Term Debt to NOPAT	0.00	-21.91	-186.80	-81.74	181.95	20.53	5.43
Altman Z-Score	0.00	1.57	4.50	1.47	1.55	1.73	2.06
Noncontrolling Interest Sharing Ratio	0.00%	171.39%	25.48%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.75	30.39	5.72	2.61	2.45	0.69
Quick Ratio	0.00	1.51	30.10	5.55	2.46	2.27	0.56
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-269	-75	-344	-263	-57	-61
Operating Cash Flow to CapEx	56.68%	52.90%	129.27%	170.71%	188.59%	151.61%	116.20%
Free Cash Flow to Firm to Interest Expense	0.00	-19.41	-10.47	-39.10	-29.38	-6.22	0.00
Operating Cash Flow to Interest Expense	4.26	4.22	18.54	22.17	26.27	31.02	0.00
Operating Cash Flow Less CapEx to Interest Expense	-3.26	-3.75	4.20	9.18	12.34	10.56	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.74	0.34	0.29	0.42	0.50	0.52
Accounts Receivable Turnover	0.00	11.33	12.66	12.33	11.94	11.59	11.03
Inventory Turnover	0.00	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	1.76
Accounts Payable Turnover	0.00	11.71	13.60	12.54	23.54	10.75	7.75
Days Sales Outstanding (DSO)	0.00	32.21	28.84	29.59	30.56	31.49	33.08
Days Inventory Outstanding (DIO)	0.00	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	47.11
Cash Conversion Cycle (CCC)	0.00	1.03	2.00	0.49	15.05	-2.46	-14.03
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	258	325	652	923	1,058	1,112
Invested Capital Turnover	0.00	2.47	1.47	1.18	0.88	0.79	0.92
Increase / (Decrease) in Invested Capital	0.00	258	67	326	271	135	258
Enterprise Value (EV)	0.00	1,108	8,519	3,059	4,394	4,407	5,543
Market Capitalization	776	776	8,769	2,453	3,156	3,144	4,403
Book Value per Share	$0.00	($1.73)	$5.30	$0.49	($3.65)	($2.20)	($0.31)
Tangible Book Value per Share	$0.00	($2.63)	$4.61	($4.01)	($9.33)	($7.25)	($5.21)
Total Capital	0.00	361	2,041	1,518	1,337	1,489	1,366
Total Debt	0.00	260	1,463	1,470	1,650	1,692	1,395
Total Long-Term Debt	0.00	242	1,463	1,470	1,569	1,616	1,070
Net Debt	0.00	159	-251	606	1,239	1,263	1,140
Capital Expenditures (CapEx)	70	111	103	114	125	186	266
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-20	-1.57	-84	-20	-32	-122
Debt-free Net Working Capital (DFNWC)	0.00	81	1,712	780	392	397	133
Net Working Capital (NWC)	0.00	63	1,712	780	310	321	-192
Net Nonoperating Expense (NNE)	19	33	12	9.82	-11	-5.79	-62
Net Nonoperating Obligations (NNO)	0.00	157	-253	604	1,237	1,261	1,140
Total Depreciation and Amortization (D&A)	63	76	88	96	120	133	137
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-6.18%	-0.37%	-14.53%	-2.90%	-4.09%	-13.52%
Debt-free Net Working Capital to Revenue	0.00%	25.33%	399.43%	135.42%	56.53%	50.80%	14.71%
Net Working Capital to Revenue	0.00%	19.84%	399.43%	135.42%	44.79%	41.09%	-21.35%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.21)	$0.00	$0.22	$0.92	$2.83
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	93.22M	0.00	90.14M	91.63M	91.48M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.21)	$0.00	$0.20	$0.89	$2.52
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	93.22M	0.00	96.42M	94.50M	105.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$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	92.00M
Normalized Net Operating Profit after Tax (NOPAT)	-21	-11	-7.83	-18	24	79	110
Normalized NOPAT Margin	-8.21%	-3.47%	-1.83%	-3.12%	3.43%	10.08%	12.19%
Pre Tax Income Margin	-15.54%	-13.40%	-4.25%	-4.14%	3.86%	12.52%	22.93%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.23	-2.08	-1.54	-1.71	3.99	11.72	0.00
NOPAT to Interest Expense	-2.24	-0.80	-1.09	-2.04	0.96	8.64	0.00
EBIT Less CapEx to Interest Expense	-10.76	-10.04	-15.88	-14.70	-9.93	-8.74	0.00
NOPAT Less CapEx to Interest Expense	-9.76	-8.77	-15.43	-15.03	-12.96	-11.83	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	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%	31.68%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	91,996,094.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	91,996,094.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.17
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.40%	10.97%	11.87%	13.35%	12.10%	13.30%	14.06%	13.62%	15.69%	18.28%	22.40%
EBITDA Growth	106.98%	176.74%	27,675.68%	74.88%	-3.86%	19.10%	42.70%	28.98%	21.16%	34.64%	14.32%
EBIT Growth	276.69%	327.73%	164.53%	345.27%	-19.12%	97.06%	163.23%	65.71%	47.27%	31.23%	-13.40%
NOPAT Growth	168.82%	262.63%	149.46%	6,969.53%	49.26%	58.41%	203.68%	80.39%	188.06%	49.35%	-32.25%
Net Income Growth	142.63%	253.55%	186.37%	2,777.89%	71.83%	14.60%	170.20%	93.47%	380.66%	40.48%	-58.72%
EPS Growth	150.00%	233.33%	188.24%	1,900.00%	65.00%	31.25%	160.00%	95.00%	357.58%	9.52%	-61.54%
Operating Cash Flow Growth	-3.21%	28.14%	84.16%	11.19%	35.71%	-11.40%	-3.90%	29.59%	30.58%	-19.71%	-26.79%
Free Cash Flow Firm Growth	88.32%	22.66%	17.70%	12.75%	-420.31%	55.56%	34.53%	15.13%	119.56%	-352.21%	55.97%
Invested Capital Growth	8.82%	41.65%	44.86%	43.68%	32.89%	14.67%	23.15%	27.55%	3.82%	30.26%	8.98%
Revenue Q/Q Growth	4.27%	2.15%	2.13%	4.19%	3.12%	3.25%	2.82%	3.80%	5.00%	5.55%	6.40%
EBITDA Q/Q Growth	104.39%	-27.94%	0.52%	18.12%	12.37%	-10.73%	20.43%	6.76%	5.56%	-0.80%	2.26%
EBIT Q/Q Growth	547.42%	-59.84%	4.52%	63.84%	17.59%	-2.14%	39.62%	3.14%	4.51%	-12.80%	-7.86%
NOPAT Q/Q Growth	7,408.43%	-29.39%	-11.55%	50.51%	58.80%	-25.06%	69.55%	-10.60%	153.59%	-61.15%	-23.09%
Net Income Q/Q Growth	2,783.46%	-16.88%	-11.29%	35.36%	72.17%	-44.56%	109.15%	-3.08%	327.72%	-83.80%	-38.54%
EPS Q/Q Growth	1,900.00%	-20.00%	-6.25%	33.33%	65.00%	-36.36%	85.71%	0.00%	287.18%	-84.77%	-34.78%
Operating Cash Flow Q/Q Growth	-15.76%	48.97%	-17.17%	6.97%	2.82%	-2.75%	-10.16%	44.25%	3.61%	-40.20%	-18.08%
Free Cash Flow Firm Q/Q Growth	86.69%	-530.90%	-9.31%	4.96%	20.62%	46.11%	-61.02%	-23.20%	118.30%	-645.84%	64.22%
Invested Capital Q/Q Growth	11.79%	26.22%	2.83%	-0.98%	3.39%	8.91%	10.44%	2.56%	-15.85%	10.17%	14.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.28%	52.55%	60.68%	60.96%	60.18%	57.13%	61.43%	59.87%	59.63%	58.69%	56.11%
EBITDA Margin	39.78%	28.06%	27.62%	31.31%	34.11%	29.50%	34.55%	35.54%	35.73%	33.58%	32.27%
Operating Margin	20.03%	6.07%	6.25%	11.60%	12.40%	15.88%	17.87%	16.29%	19.57%	16.01%	14.18%
EBIT Margin	22.28%	8.76%	8.96%	14.10%	16.07%	15.23%	20.69%	20.56%	20.46%	16.90%	14.64%
Profit (Net Income) Margin	10.83%	8.81%	7.65%	9.94%	16.60%	8.91%	18.13%	16.93%	68.97%	10.59%	6.12%
Tax Burden Percent	51.67%	117.79%	99.19%	77.14%	111.16%	63.00%	92.32%	87.23%	175.36%	78.91%	64.38%
Interest Burden Percent	94.09%	85.41%	86.09%	91.44%	92.91%	92.87%	94.93%	94.42%	192.23%	79.37%	64.89%
Effective Tax Rate	48.33%	-17.79%	0.81%	22.86%	-11.16%	37.00%	7.68%	12.77%	-75.36%	21.09%	35.62%
Return on Invested Capital (ROIC)	9.96%	6.30%	5.50%	8.25%	12.24%	7.88%	12.56%	11.06%	29.93%	11.59%	7.09%
ROIC Less NNEP Spread (ROIC-NNEP)	10.05%	6.62%	5.76%	8.43%	12.74%	7.70%	12.83%	11.53%	36.97%	11.14%	6.21%
Return on Net Nonoperating Assets (RNNOA)	-53.00%	-45.80%	-24.67%	-34.22%	-50.76%	-37.24%	-67.51%	-69.00%	-297.26%	-105.60%	16.21%
Return on Equity (ROE)	-43.04%	-39.50%	-19.17%	-25.97%	-38.51%	-29.36%	-54.94%	-57.94%	-267.32%	-94.02%	23.30%
Cash Return on Invested Capital (CROIC)	-5.98%	-33.37%	-31.54%	-28.17%	-20.09%	-5.72%	-11.13%	-13.39%	15.13%	-6.24%	7.33%
Operating Return on Assets (OROA)	9.87%	3.70%	4.16%	6.83%	8.24%	7.67%	10.67%	10.51%	10.87%	8.77%	6.59%
Return on Assets (ROA)	4.80%	3.73%	3.55%	4.82%	8.51%	4.49%	9.35%	8.66%	36.64%	5.49%	2.75%
Return on Common Equity (ROCE)	-43.04%	-39.50%	-19.17%	-25.97%	-38.51%	-29.36%	-54.94%	-57.94%	-267.32%	-94.02%	23.30%
Return on Equity Simple (ROE_SIMPLE)	1.93%	0.00%	-17.45%	-26.95%	-38.81%	0.00%	-51.51%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	18	13	11	17	27	20	35	31	79	31	24
NOPAT Margin	10.35%	7.15%	6.20%	8.95%	13.78%	10.00%	16.49%	14.21%	34.31%	12.63%	9.13%
Net Nonoperating Expense Percent (NNEP)	-0.10%	-0.33%	-0.26%	-0.18%	-0.49%	0.18%	-0.26%	-0.46%	-7.04%	0.45%	0.88%
Return On Investment Capital (ROIC_SIMPLE)	-	0.97%	-	-	-	1.38%	2.27%	1.96%	6.33%	2.24%	1.17%
Cost of Revenue to Revenue	39.72%	47.45%	39.32%	39.04%	39.82%	42.87%	38.57%	40.13%	40.37%	41.31%	43.89%
SG&A Expenses to Revenue	11.33%	24.81%	24.78%	21.22%	20.37%	16.51%	15.57%	16.64%	14.22%	15.14%	14.59%
R&D to Revenue	18.43%	15.18%	18.39%	17.69%	18.83%	18.11%	18.79%	18.13%	16.60%	18.26%	18.93%
Operating Expenses to Revenue	40.25%	46.48%	54.43%	49.36%	47.78%	41.26%	43.57%	43.59%	40.06%	42.69%	41.93%
Earnings before Interest and Taxes (EBIT)	39	16	17	27	32	31	44	45	47	41	38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	70	51	51	60	68	60	73	78	82	81	83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.89
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	17.97
Price to Revenue (P/Rev)	3.16	4.55	4.61	4.31	4.91	4.03	3.81	3.12	3.60	4.88	8.32
Price to Earnings (P/E)	0.00	162.59	65.78	46.28	45.26	37.21	28.32	20.56	12.35	16.98	33.32
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%	0.62%	1.52%	2.16%	2.21%	2.69%	3.53%	4.86%	8.10%	5.89%	3.00%
Enterprise Value to Invested Capital (EV/IC)	4.41	4.76	4.76	4.64	5.05	4.16	3.81	3.32	4.15	4.99	6.50
Enterprise Value to Revenue (EV/Rev)	4.78	6.34	6.35	5.93	6.48	5.65	5.52	4.77	4.85	6.15	8.73
Enterprise Value to EBITDA (EV/EBITDA)	26.23	28.27	21.88	18.76	21.34	18.41	17.06	14.27	14.29	17.66	25.52
Enterprise Value to EBIT (EV/EBIT)	249.74	123.01	58.00	44.06	53.63	41.26	33.29	26.21	25.12	31.41	48.51
Enterprise Value to NOPAT (EV/NOPAT)	186.35	509.59	110.43	71.22	70.66	56.00	43.75	34.35	22.41	28.14	42.54
Enterprise Value to Operating Cash Flow (EV/OCF)	14.85	18.70	17.03	16.00	16.80	15.59	15.91	13.20	12.94	17.90	28.31
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	27.96	0.00	92.40
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-4.11	-5.26	-5.79	-6.46	-7.68	-8.33	-8.27	-10.07	-18.89	-48.62	1.27
Long-Term Debt to Equity	-4.11	-5.00	-5.51	-6.17	-7.35	-7.96	-7.82	-9.50	-18.75	-37.29	0.92
Financial Leverage	-5.27	-6.92	-4.28	-4.06	-3.99	-4.84	-5.26	-5.99	-8.04	-9.48	2.61
Leverage Ratio	-9.28	-12.31	-6.28	-5.82	-5.17	-6.00	-6.29	-7.59	-11.56	-15.01	6.23
Compound Leverage Factor	-8.73	-10.52	-5.41	-5.32	-4.81	-5.57	-5.98	-7.17	-22.22	-11.91	4.04
Debt to Total Capital	132.12%	123.47%	120.88%	118.33%	114.98%	113.63%	113.76%	111.03%	105.59%	102.10%	55.97%
Short-Term Debt to Total Capital	0.00%	6.08%	5.93%	5.34%	4.82%	5.09%	6.07%	6.18%	0.76%	23.80%	15.44%
Long-Term Debt to Total Capital	132.12%	117.39%	114.95%	112.98%	110.16%	108.54%	107.70%	104.85%	104.83%	78.30%	40.52%
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	-32.12%	-23.47%	-20.88%	-18.33%	-14.98%	-13.63%	-13.76%	-11.03%	-5.59%	-2.10%	44.03%
Debt to EBITDA	12.00	10.62	8.01	7.05	7.07	7.06	6.67	6.33	4.49	4.44	3.48
Net Debt to EBITDA	8.87	7.97	5.99	5.14	5.16	5.28	5.29	4.94	3.68	3.63	1.19
Long-Term Debt to EBITDA	12.00	10.09	7.62	6.73	6.78	6.75	6.31	5.98	4.46	3.41	2.52
Debt to NOPAT	85.23	191.38	40.45	26.76	23.42	21.49	17.10	15.24	7.04	7.08	5.80
Net Debt to NOPAT	63.05	143.63	30.22	19.52	17.08	16.05	13.56	11.89	5.77	5.79	1.99
Long-Term Debt to NOPAT	85.23	181.95	38.47	25.55	22.44	20.53	16.19	14.39	6.99	5.43	4.20
Altman Z-Score	1.17	1.50	1.58	1.57	1.89	1.58	1.59	1.44	1.60	1.82	3.35
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	2.56	2.61	2.73	2.47	3.14	2.45	2.42	2.27	1.13	0.69	1.46
Quick Ratio	2.41	2.46	2.56	2.32	2.89	2.27	2.20	2.09	0.99	0.56	1.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-41	-258	-283	-269	-213	-115	-185	-228	42	-228	-81
Operating Cash Flow to CapEx	252.46%	150.05%	147.46%	207.67%	122.75%	151.32%	100.15%	267.34%	248.66%	44.23%	104.89%
Free Cash Flow to Firm to Interest Expense	-17.56	-111.84	-122.62	-115.69	-94.23	-51.60	-83.77	-90.86	0.00	-26.93	-6.15
Operating Cash Flow to Interest Expense	23.17	34.84	28.95	30.74	32.43	32.05	29.03	36.86	0.00	6.78	3.54
Operating Cash Flow Less CapEx to Interest Expense	13.99	11.62	9.32	15.94	6.01	10.87	0.04	23.07	0.00	-8.55	0.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.44	0.42	0.46	0.48	0.51	0.50	0.52	0.51	0.53	0.52	0.45
Accounts Receivable Turnover	11.98	11.94	11.99	11.81	11.71	11.59	11.48	11.20	11.27	11.03	10.42
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	2.43	2.40	2.37	2.30	2.31	2.12	2.10	2.00	1.94	1.76	1.58
Accounts Payable Turnover	20.70	23.54	36.64	30.69	22.11	10.75	45.90	16.16	8.46	7.75	19.06
Days Sales Outstanding (DSO)	30.46	30.56	30.44	30.91	31.16	31.49	31.78	32.58	32.39	33.08	35.03
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)	17.64	15.50	9.96	11.89	16.51	33.94	7.95	22.59	43.16	47.11	19.15
Cash Conversion Cycle (CCC)	12.82	15.05	20.48	19.02	14.65	-2.46	23.83	10.00	-10.78	-14.03	15.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	731	923	949	940	972	1,058	1,169	1,199	1,009	1,112	1,274
Invested Capital Turnover	0.96	0.88	0.89	0.92	0.89	0.79	0.76	0.78	0.87	0.92	0.78
Increase / (Decrease) in Invested Capital	59	271	294	286	241	135	220	259	37	258	105
Enterprise Value (EV)	3,227	4,394	4,521	4,361	4,904	4,407	4,456	3,976	4,188	5,543	8,278
Market Capitalization	2,135	3,156	3,284	3,165	3,718	3,144	3,074	2,600	3,110	4,403	7,891
Book Value per Share	($4.04)	($3.65)	($3.15)	($2.79)	($2.30)	($2.20)	($2.29)	($1.92)	($0.76)	($0.31)	$9.65
Tangible Book Value per Share	($9.60)	($9.33)	($8.47)	($8.03)	($7.42)	($7.25)	($7.31)	($6.96)	($5.74)	($5.21)	$4.77
Total Capital	1,117	1,337	1,370	1,385	1,413	1,489	1,531	1,588	1,245	1,366	2,015
Total Debt	1,476	1,650	1,656	1,639	1,625	1,692	1,742	1,764	1,315	1,395	1,128
Total Long-Term Debt	1,476	1,569	1,575	1,565	1,557	1,616	1,649	1,665	1,306	1,070	817
Net Debt	1,092	1,239	1,237	1,195	1,185	1,263	1,381	1,376	1,079	1,140	387
Capital Expenditures (CapEx)	21	54	45	34	60	47	64	35	39	130	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-97	-20	-11	-46	4.24	-32	13	-4.28	-184	-122	-133
Debt-free Net Working Capital (DFNWC)	287	392	408	398	444	397	374	383	52	133	609
Net Working Capital (NWC)	287	310	327	324	376	321	281	285	43	-192	297
Net Nonoperating Expense (NNE)	-0.85	-3.00	-2.69	-1.91	-5.60	2.23	-3.45	-5.96	-80	4.95	7.77
Net Nonoperating Obligations (NNO)	1,090	1,237	1,235	1,194	1,184	1,261	1,380	1,374	1,079	1,140	387
Total Depreciation and Amortization (D&A)	31	35	34	33	36	29	29	33	35	40	45
Debt-free, Cash-free Net Working Capital to Revenue	-14.36%	-2.90%	-1.54%	-6.20%	0.56%	-4.09%	1.66%	-0.51%	-21.35%	-13.52%	-14.00%
Debt-free Net Working Capital to Revenue	42.54%	56.53%	57.28%	54.08%	58.70%	50.80%	46.35%	46.04%	6.03%	14.71%	64.15%
Net Working Capital to Revenue	42.54%	44.79%	45.88%	44.01%	49.70%	41.09%	34.83%	34.25%	4.93%	-21.35%	31.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.16	$0.16	$0.21	$0.36	$0.19	$0.42	$0.41	$1.74	$0.26	$0.17
Adjusted Weighted Average Basic Shares Outstanding	87.67M	90.14M	90.79M	91.32M	92.15M	91.63M	91.99M	91.10M	91.19M	91.48M	93.04M
Adjusted Diluted Earnings per Share	$0.20	$0.16	$0.15	$0.20	$0.33	$0.21	$0.39	$0.39	$1.51	$0.23	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	102.67M	96.42M	93.79M	93.83M	102.59M	94.50M	102.32M	100.62M	105.52M	105.34M	111.92M
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	86.01M	90.80M	91.09M	92.06M	92.28M	92.07M	91.03M	91.04M	91.49M	92.00M	104.36M
Normalized Net Operating Profit after Tax (NOPAT)	18	7.71	11	17	17	20	35	31	31	31	24
Normalized NOPAT Margin	10.22%	4.26%	6.20%	8.95%	8.68%	10.00%	16.49%	14.21%	13.70%	12.63%	9.13%
Pre Tax Income Margin	20.96%	7.48%	7.72%	12.89%	14.93%	14.15%	19.64%	19.41%	39.33%	13.42%	9.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.91	6.86	7.19	11.69	14.10	14.03	19.74	17.93	0.00	4.85	2.85
NOPAT to Interest Expense	7.85	5.60	4.97	7.42	12.09	9.21	15.74	12.39	0.00	3.62	1.78
EBIT Less CapEx to Interest Expense	7.73	-16.36	-12.44	-3.11	-12.31	-7.15	-9.24	4.14	0.00	-10.48	-0.53
NOPAT Less CapEx to Interest Expense	-1.32	-17.62	-14.66	-7.38	-14.33	-11.97	-13.24	-1.40	0.00	-11.70	-1.60
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	-6,873.37%	2,516.64%	463.41%	201.37%	52.80%	70.76%	101.39%	95.54%	44.48%	31.68%	9.74%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, investor-focused snapshot of DigitalOcean (DOCN) using the latest four years of quarterly statements. Key themes include top-line growth, improving profitability, cash flow dynamics, and balance sheet leverage.

Revenue growth: Operating revenue rose from about $162.0M in 2022 Q4 to roughly $242.4M in 2025 Q4, signalling sustained top-line expansion.
Net income turning positive: The company moved from losses earlier years to positive net income, with 2025 Q4 net income around $25.7M, up from prior positive years and showing continued profitability progression.
Operating profitability: Total operating income remained positive and climbed to roughly $38.8M–$44.9M in 2025, indicating improving operating margins.
Cash flow from operations: Net cash from continuing operating activities was consistently positive across 2024–2025, with a peak near $95.8M in 2025 Q3, signaling solid cash generation to support growth.
Gross margin stability: Gross margins have been in the 57–63% range across years, suggesting durable gross profitability as the business scales.
Liquidity headroom: Cash and equivalents have ranged in the low hundreds of millions (e.g., ~$237M–$389M mid-2025), providing liquidity to fund growth or weather near-term volatility.
Dilution and shares: Weighted-average shares outstanding (basic/diluted) have moved higher (around 90–105M), which has modestly pressured per-share metrics like EPS even as net income grows.
Debt level and leverage: Long-term debt remained substantial (roughly $1.28B–$1.48B), indicating ongoing leverage that could affect risk/returns if cash flow slows.
Investing cash outflows: Net cash used in investing activities has been cash-consuming (examples include PPE purchases and acquisitions), contributing to negative free cash flow in some quarters despite positive operating cash flow.
Quarterly free cash flow variability: Free cash flow fluctuates, with periods like 2025 Q4 showing negative free cash flow as capex outpaced cash from operations in that quarter.

05/08/26 06:37 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 2025 ended on December 31, 2025.

How has DigitalOcean's net income changed over the last 6 years?

DigitalOcean's net income appears to be on an upward trend, with a most recent value of $259.26 million in 2025, falling from -$40.39 million in 2019. The previous period was $84.49 million in 2024. See DigitalOcean's forecast for analyst expectations on whatâ€™s next for the company.

What is DigitalOcean's operating income?

DigitalOcean's total operating income in 2025 was $156.99 million, based on the following breakdown:

Total Gross Profit: $539.59 million
Total Operating Expenses: $382.60 million

How has DigitalOcean's revenue changed over the last 6 years?

Over the last 6 years, DigitalOcean's total revenue changed from $254.82 million in 2019 to $901.43 million in 2025, a change of 253.7%.

How much debt does DigitalOcean have?

DigitalOcean's total liabilities were at $1.87 billion at the end of 2025, a 1.3% increase from 2024, and a 466.8% increase since 2020.

How much cash does DigitalOcean have?

In the past 5 years, DigitalOcean's cash and equivalents has ranged from $100.31 million in 2020 to $1.71 billion in 2021, and is currently $254.48 million as of their latest financial filing in 2025.

How has DigitalOcean's book value per share changed over the last 6 years?

Over the last 6 years, DigitalOcean's book value per share changed from 0.00 in 2019 to -0.31 in 2025, a change of -31.4%.

Related Companies

Financial statements for NYSE:DOCN last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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DigitalOcean (DOCN) Financials

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DigitalOcean (DOCN) Financials

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