DOCN Q1 2023 Earnings — DigitalOcean Holdings, Inc. Revenue & Financial Results | Market Cap Arena

DOCNDigitalOcean Holdings, Inc.

$5B

Q1 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$165M+29.7% YoY

Gross Profit

$93M56.5% margin

Operating Income

-$33M-20.0% margin

Net Income

-$16M-9.9% margin

EPS (Diluted)

$-0.37

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$11M

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.8B

Stockholders' Equity

-$218M

Cash & Equivalents

$21M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$165M	$127M	+29.7%
Gross Profit	$93M	$80M	+16.4%
Operating Income	-$33M	-$14M	-143.3%
Net Income	-$16M	-$19M	+11.8%