DOCN Q3 2023 Earnings — DigitalOcean Holdings, Inc. Revenue & Financial Results | Market Cap Arena

DOCNDigitalOcean Holdings, Inc.

$5B

Q3 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$177M+16.4% YoY

Gross Profit

$107M60.3% margin

Operating Income

$35M20.0% margin

Net Income

$19M10.8% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

+4.3%

Cash Flow

Operating Cash Flow

$54M

Free Cash Flow

$33M

Stock-Based Comp.

-$2M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.8B

Stockholders' Equity

-$359M

Cash & Equivalents

$79M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$177M	$152M	+16.4%
Gross Profit	$107M	$95M	+11.9%
Operating Income	$35M	$7M	+392.7%
Net Income	$19M	$8M	+142.6%