DOCN FY 2025 Earnings Report — DigitalOcean Holdings, Inc. Revenue & Financial Results | Market Cap Arena

DigitalOcean Holdings, Inc.DOCN

FY 2025 Earnings

Reported February 24, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$901M	—	$781M	—	15.5%
Op. Income	$157M	—	$91M	—	72.5%
Gross Margin	59.9%	—	59.7%	—	0.2pp
Net Margin	28.8%	—	10.8%	—	17.9pp
EPS (Diluted)	$2.52	—	$0.89	—	183.1%
Free Cash Flow	$170M	—	$96M	—	76.5%

Revenue Flow

Item	Amount
REVENUE	$901M
Cost of Revenue	$362M
GROSS PROFIT	$540M
R&D Expenses	$162M
Selling & Marketing	$82M
General & Administrative	$139M
SG&A Expenses	$221M
Other Expenses	$0
Operating Expenses	$383M
Cost & Expenses	$744M
OPERATING INCOME	$157M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	$50M
INCOME BEFORE TAX	$207M
Income Tax Expense	-$53M
Net Income from Continuing Ops	$259M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$259M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$259M
D&A	$137M
EBIT	$225M
EBITDA	$362M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$901M
Cost of Revenue	$362M
GROSS PROFIT	$540M
R&D Expenses	$162M
Selling & Marketing	$82M
General & Administrative	$139M
SG&A Expenses	$221M
Other Expenses	$0
Operating Expenses	$383M
Cost & Expenses	$744M
OPERATING INCOME	$157M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	$50M
INCOME BEFORE TAX	$207M
Income Tax Expense	-$53M
Net Income from Continuing Ops	$259M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$259M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$259M
D&A	$137M
EBIT	$225M
EBITDA	$362M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$259M
Depreciation & Amortization	$137M
Stock-Based Compensation	$80M
Deferred Income Tax	-$71M
Other Non-Cash Items	-$45M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$310M
Capital Expenditure	-$140M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$268M
NET CASH FROM INVESTING	-$268M
Net Debt Issuance	-$114M
Common Stock Repurchased	-$82M
Common Dividends Paid	$0
Other Financing Activities	-$29M
NET CASH FROM FINANCING	-$217M
FREE CASH FLOW	$170M
Net Change in Cash	-$174M

Balance Sheet

Item	Amount
Cash & Equivalents	$254M
Short-Term Investments	$0
Net Receivables	$91M
Inventory	$0
Other Current Assets	$82M
TOTAL CURRENT ASSETS	$427M
PP&E (Net)	$860M
Goodwill	$349M
Intangible Assets	$100M
Long-Term Investments	$0
Tax Assets	$90M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.8B
Account Payables	$39M
Short-Term Debt	$465M
Deferred Revenue	$6M
Other Current Liabilities	$110M
TOTAL CURRENT LIABILITIES	$619M
Long-Term Debt	$266M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$977M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.9B
Common Stock	$2.0K
Additional Paid-In Capital	$0
Retained Earnings	-$44M
Treasury Stock	$0
Accum. Other Comp. Income	-$960.0K
Other Equity	$16M
TOTAL STOCKHOLDERS' EQUITY	-$29M
Minority Interest	$0
TOTAL EQUITY	-$29M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$731M
Net Debt	$476M