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.
- Symbol
- DOCN
- Exchange
- NYSE
- Sector
- Technology
- Industry
- Software - Infrastructure
- Market cap
- $14.83B
- 52 week range
- 33.69 - 187.5
Valuation
- Share price
- $141.21 (close of 2026-09-23)
- P/E (TTM)
- 56.26x
- Price to book
- 15.93x
- Price to free cash flow
- 76.25x
- Enterprise value
- $15.59B
- Book value per share
- $8.86
Price performance
| Period | Change |
|---|
| 1 day | -3.39% |
| 5 days | +19.82% |
| 1 month | +22.11% |
| 3 months | -10.16% |
| 6 months | +64.16% |
| Year to date | +193.45% |
| 1 year | +282.06% |
| 3 years | +483.03% |
| 5 years | +61.07% |
| All time | +232.26% |
Profitability and growth
- Return on equity
- -903.67%
- Return on invested capital
- 11.90%
- 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)
- 1.31%
- Current ratio
- 1.31x
- Net debt to EBITDA
- 2.02x
Latest reported year
- Period end
- 2025-12-31
- 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
- Shares outstanding
- 91.48M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 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 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 59.86% | 28.76% | -903.67% | 11.90% |
| 2024-12-31 | 59.69% | 10.82% | -41.63% | 7.31% |
| 2023-12-31 | 57.37% | 2.80% | -6.19% | 0.58% |
| 2022-12-31 | 63.23% | -4.82% | -58.45% | -1.67% |
| 2021-12-31 | 60.19% | -4.55% | -3.37% | -3.42% |
| 2020-12-31 | 54.29% | -13.68% | 60.43% | -18.09% |
| 2019-12-31 | 52.02% | -15.85% | 55.88% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 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 |
Free cash flow by year
| Period end | Free cash flow | Stock-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
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $0.11
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | $0.10 |
| 2026-05-05 | - | - |
| 2026-02-24 | - | - |
| 2025-11-05 | - | - |
| 2025-08-05 | - | - |
| 2025-05-08 | - | - |
| 2025-05-06 | - | - |
| 2025-02-25 | - | - |
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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