DOCN Q2 2024 Earnings — DigitalOcean Holdings, Inc. Revenue & Financial Results | Market Cap Arena

DOCNDigitalOcean Holdings, Inc.

$5B

Q2 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$192M+13.3% YoY

Gross Profit

$114M59.3% margin

Operating Income

$22M11.6% margin

Net Income

$19M9.9% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

+4.2%

Cash Flow

Operating Cash Flow

$71M

Free Cash Flow

$37M

Stock-Based Comp.

$22M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.8B

Stockholders' Equity

-$254M

Cash & Equivalents

$443M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$192M	$170M	+13.3%
Gross Profit	$114M	$102M	+11.4%
Operating Income	$22M	-$2M	+1587.5%
Net Income	$19M	$665,000	+2777.9%