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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $901M | $362M | $259M | $41M | -903.7% | 15.5% | 206.8% |
| 2024 | $781M | $237M | $84M | $96M | -41.6% | 12.7% | 335.3% |
| 2023 | $693M | $154M | $19M | $110M | -6.2% | 20.2% | -169.8% |
| 2022 | $576M | $87M | $-28M | $75M | -58.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 576.32 | 692.88 | 780.62 | 901.43 |
| Operating Revenue | - | 576.32 | 692.88 | 780.62 | 901.43 |
| Cost Of Revenue | - | 211.93 | 295.39 | 314.67 | 361.84 |
| Gross Profit | - | 364.40 | 397.50 | 465.94 | 539.59 |
| Operating Expense | - | 390.09 | 364.71 | 374.94 | 382.60 |
| Research And Development | - | 143.88 | 136.92 | 142.50 | 161.62 |
| Selling General And Administration | - | 246.21 | 227.80 | 232.44 | 220.98 |
| Total Expenses | - | 602.02 | 660.10 | 689.61 | 744.44 |
| Operating Income | - | -25.70 | 32.78 | 91.01 | 156.99 |
| Total Operating Income As Reported | - | -25.70 | 11.90 | 91.01 | 156.99 |
| EBITDA | - | 86.74 | 153.59 | 236.86 | 362.05 |
| Normalized EBITDA | - | 87.15 | 174.47 | 236.86 | 313.95 |
| EBIT | - | -15.49 | 35.72 | 106.81 | 224.60 |
| Interest Income | - | 10.62 | 23.82 | 15.80 | 19.51 |
| Interest Expense | - | 8.40 | 8.94 | 9.11 | 17.94 |
| Net Interest Income | - | 2.22 | 14.88 | 6.69 | 1.57 |
| Other Non Operating Income Expenses | 0.16 | 10.62 | - | - | - |
| Other Income Expense | -3.44 | -0.41 | -20.89 | - | 48.10 |
| Interest Income Non Operating | - | 10.62 | 23.82 | 15.80 | 19.51 |
| Interest Expense Non Operating | - | 8.40 | 8.94 | 9.11 | 17.94 |
| Net Non Operating Interest Income Expense | - | 2.22 | 14.88 | 6.69 | 1.57 |
| Pretax Income | - | -23.88 | 26.78 | 97.70 | 206.66 |
| Tax Provision | - | 3.92 | 7.37 | 13.21 | -52.60 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.09 | -5.75 | 0 | 10.10 |
| Net Income Continuous Operations | - | -27.80 | 19.41 | 84.49 | 259.26 |
| Net Income From Continuing And Discontinued Operation | - | -27.80 | 19.41 | 84.49 | 259.26 |
| Net Income From Continuing Operation Net Minority Interest | - | -27.80 | 19.41 | 84.49 | 259.26 |
| Net Income | - | -27.80 | 19.41 | 84.49 | 259.26 |
| Net Income Common Stockholders | - | -27.80 | 19.41 | 84.49 | 259.26 |
| Net Income Including Noncontrolling Interests | - | -27.80 | 19.41 | 84.49 | 259.26 |
| Normalized Income | - | -27.48 | 34.55 | 84.49 | 221.26 |
| Diluted NI Availto Com Stockholders | - | -27.80 | 19.41 | 84.49 | 259.26 |
| Basic Average Shares | - | 100.81 | 90.14 | 91.63 | 91.48 |
| Diluted Average Shares | - | 100.81 | 96.42 | 94.50 | 105.34 |
| Reconciled Depreciation | - | 102.23 | 117.87 | 130.05 | 137.45 |
| Reconciled Cost Of Revenue | - | 211.93 | 295.39 | 314.67 | 361.84 |
| Total Unusual Items | - | -0.41 | -20.89 | 0 | 48.10 |
| Total Unusual Items Excluding Goodwill | - | -0.41 | -20.89 | 0 | 48.10 |
| Special Income Charges | - | -0.41 | -20.89 | 0 | 48.10 |
| Other Special Charges | 3.44 | 0.41 | - | - | -48.10 |
| Restructuring And Mergern Acquisition | - | 0 | 20.89 | 0 | 0 |
| General And Administrative Expense | - | 165.18 | 162.74 | 160.87 | 138.55 |
| Other Gand A | - | 165.18 | 162.74 | 160.87 | 138.55 |
| Salaries And Wages | 37.12 | 64.66 | - | - | - |
| Selling And Marketing Expense | - | 81.02 | 65.06 | 71.57 | 82.43 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| DigitalOcean Holdings, Inc.this co. | DOCN | $18.8B | 72.66 | -656.60 | -903.7% | 55.75 |
| IonQ, Inc. | IONQ | $24.5B | -48.02 | 6.45 | -13.4% | -42.61 |
| Nextpower Inc. | NXT | $22.9B | 39.05 | 9.80 | 25.1% | 29.35 |
| TTM Technologies, Inc. | TTMI | $19.2B | 108.18 | 10.89 | 10.1% | 48.96 |
| SiTime Corporation | SITM | $18.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| -434.98 |
| 16.14 |
| -3.7% |
| -922.21 |
| Rambus Inc. | RMBS | $18.3B | 79.46 | 13.42 | 16.9% | 55.81 |
| Applied Optoelectronics, Inc. | AAOI | $16.3B | -425.88 | 22.18 | -5.2% | -1052.31 |
| Vicor Corporation | VICR | $14.0B | 117.69 | 19.61 | 16.7% | 132.12 |
| Applied Digital Corporation | APLD | $12.6B | -54.60 | 25.35 | -46.4% | -291.51 |
| Peer Median | - | -4.49 | 14.78 | 3.2% | -6.63 | |