DigitalOcean Holdings, Inc. (DOCN)

DigitalOcean Holdings, Inc., through its subsidiaries, operates an agentic inference cloud platform in North America, Europe, Asia, and internationally. The company provides AI and Digital Native Enterprises build, run, and scale intelligent applications for growing technology companies. It also offers infrastructure-as-a-service (IaaS) solutions comprising compute, storage, and networking products, including cloud firewalls, managed load balancers, NAT gateways, and virtual private cloud software, as well as IP address management and domain name system management. In addition, the company provides platform-as-a-service (PaaS) and software-as-a-service (SaaS) solutions, such as managed databases; managed Kubernetes and container registry; application platform to build, deploy, and scale applications; Functions, a serverless compute solution; and Uptime for real-time uptime and latency alerts, as well as managed hosting and DigitalOcean Marketplace, a platform where developers can find pre-configured applications and solutions. Further, it offers artificial intelligence (AI)/machine learning (ML) applications comprising GPU droplets; bare metal GPUS, which provides access to a GPU server without any virtualization layer and gives developers with customizable server for their use case; and Jupyter Notebooks that provides cloud workspace and managed interactive development environment for exploring data and training, and building machine learning models. Its customers use its platform in various industry verticals, such as online gaming, fintech, and cybersecurity, as well as for a range of use cases, including building and hosting websites, web and mobile applications development, AI integration, and building AI products and applications. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in Broomfield, Colorado.

Ticker
DOCN
Exchange
NYSE
Sector
Technology
Industry
Software - Infrastructure
Market cap
$8.55B
52-week range
$41.96 - $187.50

Valuation

Share price
$72.48 (close of Nov 6, 2026)
P/E (TTM)
181.20x
Price to book
6.03x
Price to free cash flow
35.01x
Enterprise value
$9.93B
Book value per share
$12.01

Price performance

PeriodChange
1 day+2.52%
5 days-19.15%
1 month-44.68%
3 months-40.70%
6 months-54.98%
Year to date+50.62%
1 year+53.95%
3 years+203.90%
5 years-29.36%
All time+70.54%

Short interest

As of
Oct 15, 2026
Short % of float
11.42%
Shares short
10.83M
Days to cover
4.34
Change since prior report
-0.56%
Source
FINRA consolidated short interest

Profitability and growth

Return on invested capital
9.98%
Return on assets
14.11%
Return on capital employed
12.89%
Gross margin
59.86%
Net margin
28.76%
EBITDA margin
32.66%
Revenue growth
15.48%
Net income growth
206.85%
Free cash flow growth
72.65%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.86%
Current ratio
1.15x
Net debt to EBITDA
4.58x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$901.43M
Cost of revenue
$361.83M
Gross profit
$539.59M
EBITDA
$294.44M
Net income
$259.26M
Earnings per share
$2.83
Research and development
$161.62M
Interest expense
$17.94M
Shares outstanding
91.48M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$901.43M$539.59M$259.26M$2.83
2024-12-31$780.62M$465.94M$84.49M$0.92
2023-12-31$692.88M$397.50M$19.41M$0.22
2022-12-31$576.32M$364.39M-$27.80M-$0.28
2021-12-31$428.56M$257.97M-$19.50M-$0.21
2020-12-31$318.38M$172.85M-$43.57M-$1.05
2019-12-31$254.82M$132.56M-$40.39M-$1.06
2018-12-31$203.14M$106.09M-$36.00M-

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3159.86%28.76%-9.98%
2024-12-3159.69%10.82%-5.21%
2023-12-3157.37%2.80%-0.44%
2022-12-3163.23%-4.82%--1.53%
2021-12-3160.19%-4.55%-3.37%-0.55%
2020-12-3154.29%-13.68%--8.42%
2019-12-3152.02%-15.85%-79.22%-12.36%
2018-12-3152.23%-17.72%--34.52%

Cash and debt by year

Period endCashDebt
2025-12-31$254.47M$970.65M
2024-12-31$428.45M$1.49B
2023-12-31$317.24M$1.48B
2022-12-31$140.77M$1.47B
2021-12-31$1.71B$1.46B
2020-12-31$100.31M$242.22M
2019-12-31$32.91M-
2018-12-31$29.98M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$180.52M$80.31M
2024-12-31$104.56M$90.55M
2023-12-31$115.64M$88.35M
2022-12-31$88.76M$105.83M
2021-12-31$36.04M$61.58M
2020-12-31-$39.90M$29.46M
2019-12-31-$13.60M$18.65M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-03Sep 2026$0.11
2026-08-04Jun 2026$0.10
2026-05-05Mar 2026$0.12
2026-02-24Dec 2025$0.21
2025-11-05Sep 2025$0.31
2025-08-05Jun 2025$0.29
2025-05-06Mar 2025$0.24
2025-02-25Dec 2024$0.14

Filings and sources

Company website
digitalocean.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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