DOCN (DigitalOcean Holdings, Inc.) Stock Financials & Earnings | Market Cap Arena

DOCN (DigitalOcean Holdings, Inc.) Stock Financials & Earnings | Market Cap Arena

DOCNDigitalOcean Holdings, Inc.

Mkt Cap$5B

Technology·Software - Infrastructure·🇺🇸 United States·NYSE

Revenue (TTM)$901M

Net Income (TTM)$259M

EPS (TTM)$2.52

Free Cash Flow (TTM)$37M

Gross Margin59.9%

Op. Margin17.4%

Net Margin28.8%

FCF Margin4.1%

P/S Ratio (TTM)6.1x

P/E Ratio (TTM)21.1x

YoY Rev Growth+15.5%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$165M	$93M	-$33M
Q2 23	$170M	$102M	-$2M
Q3 23	$177M	$107M	$35M
Q4 23	$181M	$106M	$11M
Q1 24	$185M	$109M	$12M
Q2 24	$192M	$114M	$22M
Q3 24	$198M	$119M	$25M
Q4 24	$205M	$117M	$33M
Q1 25	$211M	$129M	$38M
Q2 25	$219M	$131M	$36M
Q3 25	$230M	$137M	$45M
Q4 25	$242M	$142M	$39M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	8.9x	—
Q2 23	8.4x	—
Q3 23	8.1x	—
Q4 23	7.9x	282.2x
Q1 24	7.7x	109.7x
Q2 24	7.5x	80.1x
Q3 24	7.2x	66.7x
Q4 24	7.0x	64.8x
Q1 25	6.8x	50.5x
Q2 25	6.6x	43.3x
Q3 25	6.3x	21.7x
Q4 25	6.1x	21.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$36M	$11M
Q2 23	$64M	$40M
Q3 23	$54M	$33M
Q4 23	$81M	$27M
Q1 24	$67M	$21M
Q2 24	$71M	$37M
Q3 24	$73M	$14M
Q4 24	$71M	$24M
Q1 25	$64M	-$885K
Q2 25	$92M	$57M
Q3 25	$100M	$89M
Q4 25	$57M	-$108M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$25M
Q2 23	$25M
Q3 23	$21M
Q4 23	$54M
Q1 24	$45M
Q2 24	$34M
Q3 24	$60M
Q4 24	$47M
Q1 25	$65M
Q2 25	$35M
Q3 25	$11M
Q4 25	$165M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+29.7%	+40.6%
Q2 23	+26.8%	+20.8%
Q3 23	+16.4%	-2.3%
Q4 23	+11.0%	-4.6%
Q1 24	+11.9%	-12.6%
Q2 24	+13.3%	-0.7%
Q3 24	+12.1%	+22.8%
Q4 24	+13.3%	+1.5%
Q1 25	+14.1%	-0.1%
Q2 25	+13.6%	+7.6%
Q3 25	+15.7%	+6.2%
Q4 25	+18.3%	+18.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$32M	19.1%
Q2 23	$36M	21.5%
Q3 23	-$2M	-1.3%
Q4 23	$23M	12.6%
Q1 24	$23M	12.4%
Q2 24	$22M	11.3%
Q3 24	$23M	11.6%
Q4 24	$23M	11.2%
Q1 25	$19M	9.2%
Q2 25	$21M	9.6%
Q3 25	$0	0.0%
Q4 25	$20M	8.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$38M	$49M	$18M
Q2 23	$39M	$49M	$16M
Q3 23	$33M	$20M	$19M
Q4 23	$31M	$45M	$20M
Q1 24	$33M	$46M	$19M
Q2 24	$33M	$41M	$18M
Q3 24	$37M	$40M	$17M
Q4 24	$37M	$34M	$14M
Q1 25	$40M	$33M	$19M
Q2 25	$40M	$36M	$19M
Q3 25	$38M	$33M	$21M
Q4 25	$44M	$37M	$23M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	29.7%	2.0%	31.7
Q2 23	26.8%	19.9%	46.7
Q3 23	16.4%	39.5%	55.9
Q4 23	11.0%	25.8%	36.7
Q1 24	11.9%	26.2%	38.1
Q2 24	13.3%	31.3%	44.7
Q3 24	12.1%	34.1%	46.2
Q4 24	13.3%	29.5%	42.8
Q1 25	14.1%	34.6%	48.6
Q2 25	13.6%	35.4%	49.0
Q3 25	15.7%	56.8%	72.5
Q4 25	18.3%	53.0%	71.3

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$21M	$592M	$613M
Q2 23	$120M	$430M	$551M
Q3 23	$79M	$305M	$384M
Q4 23	$317M	$95M	$412M
Q1 24	$419M	$0	$419M
Q2 24	$443M	$0	$443M
Q3 24	$440M	$0	$440M
Q4 24	$428M	$0	$428M
Q1 25	$360M	$0	$360M
Q2 25	$388M	$0	$388M
Q3 25	$237M	$0	$237M
Q4 25	$254M	$0	$254M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	96M	-0.9%
Q2 23	96M	+0.7%
Q3 23	103M	+6.7%
Q4 23	92M	-10.4%
Q1 24	94M	+1.9%
Q2 24	94M	+0.0%
Q3 24	103M	+9.3%
Q4 24	94M	-8.0%
Q1 25	102M	+8.4%
Q2 25	101M	-1.7%
Q3 25	103M	+2.4%
Q4 25	105M	+2.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	$545K	786
FY 22	$479K	1K
FY 23	$599K	1K
FY 24	$645K	1K
FY 25	$617K	1K