DOCN Q3 2024 Earnings — DigitalOcean Holdings, Inc. Revenue & Financial Results | Market Cap Arena

DOCNDigitalOcean Holdings, Inc.

$5B

Q3 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$198M+12.1% YoY

Gross Profit

$119M60.2% margin

Operating Income

$25M12.4% margin

Net Income

$33M16.6% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

$73M

Free Cash Flow

$14M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$1.7B

Stockholders' Equity

-$212M

Cash & Equivalents

$440M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$198M	$177M	+12.1%
Gross Profit	$119M	$107M	+11.9%
Operating Income	$25M	$35M	-30.6%
Net Income	$33M	$19M	+71.8%