DOCN Q1 2024 Earnings — DigitalOcean Holdings, Inc. Revenue & Financial Results | Market Cap Arena

DOCNDigitalOcean Holdings, Inc.

$5B

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$185M+11.9% YoY

Gross Profit

$109M59.1% margin

Operating Income

$12M6.2% margin

Net Income

$14M7.7% margin

EPS (Diluted)

$0.15

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$67M

Free Cash Flow

$21M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.8B

Stockholders' Equity

-$286M

Cash & Equivalents

$419M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$185M	$165M	+11.9%
Gross Profit	$109M	$93M	+17.0%
Operating Income	$12M	-$33M	+134.9%
Net Income	$14M	-$16M	+186.4%