DOCN Q2 2023 Earnings — DigitalOcean Holdings, Inc. Revenue & Financial Results | Market Cap Arena

DOCNDigitalOcean Holdings, Inc.

$5B

Q2 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$170M+26.8% YoY

Gross Profit

$102M60.3% margin

Operating Income

-$2M-0.9% margin

Net Income

$665,0000.4% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

$64M

Free Cash Flow

$40M

Stock-Based Comp.

$36M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.8B

Stockholders' Equity

-$268M

Cash & Equivalents

$120M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$170M	$134M	+26.8%
Gross Profit	$102M	$86M	+19.0%
Operating Income	-$2M	-$8M	+81.1%
Net Income	$665,000	-$7M	+109.8%