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DOCN

Updated: Mar 12, 2026 11:30 AM

DigitalOcean Holdings Inc

Market Cap: $4.42B P/S: 19x Ownership — Insider: 25.4% | Institutional: 73.7% | Retail: 0.9% TECHNOLOGY SOFTWARE - INFRASTRUCTURE

DigitalOcean Holdings, Inc. is a prominent cloud infrastructure provider focused on serving developers, startups, and small to medium-sized enterprises (SMBs) globally. Based in New York City, the company offers a comprehensive portfolio of services, such as scalable compute resources, managed databases, and Kubernetes solutions, all designed to streamline cloud adoption and boost developer efficiency. By emphasizing user-friendly tools and cost-effective pricing, DigitalOcean enables its clientele to drive innovation and maintain a competitive edge in the dynamic digital economy.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        7/7 dates (100%)
  ✅ grossProfit                         7/7 dates (100%)
  ✅ netIncome                           7/7 dates (100%)

Plot for DOCN (in M)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -780.62M                  -390.31M                    0.00M                    390.31M                   780.62M
               |                         |                         |                         |                         |

  2018-12-31 |                                                   ██|█████████████  203.14M
  2019-12-31 |                                                  ███|████████████████  254.82M
  2020-12-31 |                                                  ███|████████████████████  318.38M
  2021-12-31 |                                                    █|████████████████████████████  428.56M
  2022-12-31 |                                                   ██|█████████████████████████████████████  576.32M
  2023-12-31 |                                                     |█████████████████████████████████████████████  692.88M
  2024-12-31 |                                                     |███████████████████████████████████████████████████ 780.62M

               |                         |                         |                         |                         |
               -780.62M                  -390.31M                    0.00M                    390.31M                   780.62M

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              7/7 dates (100%)
  ✅ sellingGeneralAndAdministrative     7/7 dates (100%)
  ✅ costofGoodsAndServicesSold          7/7 dates (100%)

Plot for DOCN (in M)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    78.67M                    157.34M                   236.00M                   314.67M
               |                         |                         |                         |                         |

  2018-12-31 | ████████████████████████████████ 97.04M
  2019-12-31 | ████████████████████████████████████████ 122.26M
  2020-12-31 | ████████████████████████████████████████████████ 145.53M
  2021-12-31 | ████████████████████████████████████████████████████████ 170.59M
  2022-12-31 | ██████████████████████████████████████████████████████████████████████ 211.93M
  2023-12-31 | ██████████████████████████████████████████████████████████████████████████████████████████████ 283.97M
  2024-12-31 | ████████████████████████████████████████████████████████████████████████████████████████████████████████ 314.67M

               |                         |                         |                         |                         |
               0.00M                    78.67M                    157.34M                   236.00M                   314.67M

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]

Field 'operatingCashflow' not found in cashflow section (for expression: operatingCashflow).
Run `scan DOCN` to see available fields.

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]

Field 'operatingCashflow' not found in cashflow section (for expression: operatingCashflow).
Run `scan DOCN` to see available fields.

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         7/7 dates (100%)
  ✅ totalLiabilities                    7/7 dates (100%)
  ✅ totalShareholderEquity              7/7 dates (100%)

Plot for DOCN (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -2.10B                    -1.05B                     0.00B                     1.05B                     2.10B
               |                         |                         |                         |                         |

  2018-12-31 |                                                    █|█████  0.25B
  2019-12-31 |                                                     |██████  0.30B
  2020-12-31 |                                                   ██|███████████  0.50B
  2021-12-31 |                                                     |███████████████████████████████████████████████████ 2.10B
  2022-12-31 |                                                     |████████████████████████████████████████████  1.82B
  2023-12-31 |                                             ████████|███████████████████████████████████████████  1.77B
  2024-12-31 |                                                █████|█████████████████████████████████████████████  1.84B

               |                         |                         |                         |                         |
               -2.10B                    -1.05B                     0.00B                     1.05B                     2.10B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           7/7 dates (100%)
  ✅ shortLongTermDebtTotal              7/7 dates (100%)
  ✅ totalShareholderEquity              7/7 dates (100%)

Plot for DOCN (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -1.70B                    -0.85B                     0.00B                     0.85B                     1.70B
               |                         |                         |                         |                         |

  2018-12-31 |                                                   ██|███  0.14B
  2019-12-31 |                                                    █|█████  0.19B
  2020-12-31 |                                                   ██|███████  0.26B
  2021-12-31 |                                                    █|████████████████████████████████████████████  1.46B
  2022-12-31 |                                                    █|█████████████████████████████████████████████████  1.64B
  2023-12-31 |                                           ██████████|██████████████████████████████████████████████████  1.66B
  2024-12-31 |                                               ██████|███████████████████████████████████████████████████ 1.70B

               |                         |                         |                         |                         |
               -1.70B                    -0.85B                     0.00B                     0.85B                     1.70B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for DOCN (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -229.63M                  -114.82M                    0.00M                    114.82M                   229.63M
               |                         |                         |                         |                         |

  2019-06-30 |                                                   ██|█████████████  63.71M
  2019-09-30 |                                                   ██|█████████████  63.71M
  2020-03-31 |                                                 ████|███████████████  72.79M
  2020-06-30 |                                                    █|████████████████  76.91M
  2020-09-30 |                                                   ██|█████████████████  81.16M
  2020-12-31 |                                                  ███|███████████████████  87.52M
  2021-03-31 |                                                    █|████████████████████  93.66M
  2021-06-30 |                                                    █|███████████████████████  103.81M
  2021-09-30 |                                                    █|████████████████████████  111.43M
  2021-12-31 |                                                  ███|██████████████████████████  119.66M
  2022-03-31 |                                                 ████|████████████████████████████  127.33M
  2022-06-30 |                                                   ██|█████████████████████████████  133.88M
  2022-09-30 |                                                     |█████████████████████████████████  152.12M
  2022-12-31 |                                                   ██|████████████████████████████████████  163.00M
  2023-03-31 |                                                 ████|████████████████████████████████████  165.13M
  2023-06-30 |                                                     |█████████████████████████████████████  169.81M
  2023-09-30 |                                                     |███████████████████████████████████████  177.06M
  2023-12-31 |                                                     |████████████████████████████████████████  180.87M
  2024-03-31 |                                                     |█████████████████████████████████████████  184.73M
  2024-06-30 |                                                     |███████████████████████████████████████████  192.48M
  2024-09-30 |                                                     |████████████████████████████████████████████  198.48M
  2024-12-31 |                                                     |█████████████████████████████████████████████  204.93M
  2025-03-31 |                                                     |███████████████████████████████████████████████  210.70M
  2025-06-30 |                                                     |█████████████████████████████████████████████████  218.70M
  2025-09-30 |                                                     |███████████████████████████████████████████████████ 229.63M

               |                         |                         |                         |                         |
               -229.63M                  -114.82M                    0.00M                    114.82M                   229.63M

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for DOCN (in M)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00M                    23.18M                    46.35M                    69.53M                    92.70M
               |                         |                         |                         |                         |

  2019-06-30 | ██████████████████████████████████ 30.56M
  2019-09-30 | ██████████████████████████████████ 30.56M
  2020-03-31 | ███████████████████████████████████████ 34.68M
  2020-06-30 | ███████████████████████████████████████ 35.20M
  2020-09-30 | ██████████████████████████████████████████ 37.06M
  2020-12-31 | ███████████████████████████████████████████ 38.58M
  2021-03-31 | ████████████████████████████████████████████ 39.54M
  2021-06-30 | ████████████████████████████████████████████████ 43.15M
  2021-09-30 | █████████████████████████████████████████████████ 43.51M
  2021-12-31 | ██████████████████████████████████████████████████ 44.40M
  2022-03-31 | █████████████████████████████████████████████████████ 47.20M
  2022-06-30 | ██████████████████████████████████████████████████████ 47.81M
  2022-09-30 | ████████████████████████████████████████████████████████████████ 56.73M
  2022-12-31 | ███████████████████████████████████████████████████████████████████████ 63.39M
  2023-03-31 | █████████████████████████████████████████████████████████████████████████████████ 71.88M
  2023-06-30 | ████████████████████████████████████████████████████████████████████████████ 67.35M
  2023-09-30 | ███████████████████████████████████████████████████████████████████████████████ 70.33M
  2023-12-31 | ███████████████████████████████████████████████████████████████████████████████████ 74.41M
  2024-03-31 | █████████████████████████████████████████████████████████████████████████████████████ 75.58M
  2024-06-30 | ████████████████████████████████████████████████████████████████████████████████████████ 78.33M
  2024-09-30 | █████████████████████████████████████████████████████████████████████████████████████████ 79.04M
  2024-12-31 | ███████████████████████████████████████████████████████████████████████████████████████████████████ 87.85M
  2025-03-31 | ███████████████████████████████████████████████████████████████████████████████████████████ 81.26M
  2025-06-30 | ██████████████████████████████████████████████████████████████████████████████████████████████████ 87.75M
  2025-09-30 | ████████████████████████████████████████████████████████████████████████████████████████████████████████ 92.70M

               |                         |                         |                         |                         |
               0.00M                    23.18M                    46.35M                    69.53M                    92.70M

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]

Field 'operatingCashflow' not found in cashflow section (for expression: operatingCashflow).
Run `scan DOCN` to see available fields.

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]

Field 'operatingCashflow' not found in cashflow section (for expression: operatingCashflow).
Run `scan DOCN` to see available fields.

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         22/25 dates (88%)
  ⚠️  totalLiabilities                    22/25 dates (88%)
  ⚠️  totalShareholderEquity              21/25 dates (84%)

Plot for DOCN (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -2.10B                    -1.05B                     0.00B                     1.05B                     2.10B
               |                         |                         |                         |                         |

  2019-06-30 |                                                     |█  0.09B ⊗
  2019-09-30 |                                                     |█  0.09B ⊗
  2020-03-31 |                                                     |  0.05B ⊗⊗
  2020-12-31 |                                                   ██|███████████  0.50B
  2021-03-31 |                                                     |█████████████████████  0.89B
  2021-06-30 |                                                     |██████████████████████  0.92B
  2021-09-30 |                                                     |███████████████████████  0.97B
  2021-12-31 |                                                     |███████████████████████████████████████████████████ 2.10B
  2022-03-31 |                                                     |███████████████████████████████████████████████  1.96B
  2022-06-30 |                                                     |██████████████████████████████████████  1.59B
  2022-09-30 |                                                     |███████████████████████████████████████  1.62B
  2022-12-31 |                                                     |████████████████████████████████████████████  1.82B
  2023-03-31 |                                                █████|████████████████████████████████████████████  1.80B
  2023-06-30 |                                              ███████|████████████████████████████████████  1.50B
  2023-09-30 |                                            █████████|███████████████████████████████████████████  1.78B
  2023-12-31 |                                             ████████|███████████████████████████████████████████  1.77B
  2024-03-31 |                                              ███████|███████████████████████████████████████████  1.77B
  2024-06-30 |                                               ██████|███████████████████████████████████████████  1.79B
  2024-09-30 |                                                █████|██████████████████████████████████████████  1.74B
  2024-12-31 |                                                █████|█████████████████████████████████████████████  1.84B
  2025-03-31 |                                                █████|█████████████████████████████████████████████  1.85B
  2025-06-30 |                                                 ████|██████████████████████████████████████████████  1.90B
  2025-09-30 |                                                   ██|███████████████████████████████████████████  1.80B

               |                         |                         |                         |                         |
               -2.10B                    -1.05B                     0.00B                     1.05B                     2.10B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              20/25 dates (80%)
  ⚠️  totalShareholderEquity              21/25 dates (84%)

Plot for DOCN (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -1.76B                    -0.88B                     0.00B                     0.88B                     1.76B
               |                         |                         |                         |                         |

  2019-06-30 |                                                    █|  0.05B ⊗
  2019-09-30 |                                                    █|  0.05B ⊗
  2020-03-31 |                                                    █|█  0.05B ⊗
  2020-06-30 |                                                    █| -0.00B ⊗⊗
  2020-09-30 |                                                    █| -0.01B ⊗⊗
  2020-12-31 |                                                   ██|███████  0.26B
  2021-03-31 |                                                    █|████████████████████████  0.85B ⊗
  2021-06-30 |                                                    █|████████████████████████  0.86B
  2021-09-30 |                                                    █|██████████████████████████  0.91B ⊗
  2021-12-31 |                                                    █|██████████████████████████████████████████  1.46B
  2022-03-31 |                                                    █|██████████████████████████████████████████  1.46B
  2022-06-30 |                                                    █|██████████████████████████████████████████  1.47B
  2022-09-30 |                                                     |██████████████████████████████████████████  1.47B
  2022-12-31 |                                                    █|███████████████████████████████████████████████  1.64B
  2023-03-31 |                                               ██████|████████████████████████████████████████████████  1.68B
  2023-06-30 |                                             ████████|████████████████████████████████████████████  1.54B
  2023-09-30 |                                          ███████████|████████████████████████████████████████████████  1.66B
  2023-12-31 |                                            █████████|████████████████████████████████████████████████  1.66B
  2024-03-31 |                                             ████████|████████████████████████████████████████████████  1.66B
  2024-06-30 |                                              ███████|███████████████████████████████████████████████  1.64B
  2024-09-30 |                                               ██████|███████████████████████████████████████████████  1.63B
  2024-12-31 |                                               ██████|█████████████████████████████████████████████████  1.70B
  2025-03-31 |                                               ██████|██████████████████████████████████████████████████  1.74B
  2025-06-30 |                                                █████|███████████████████████████████████████████████████ 1.76B
  2025-09-30 |                                                   ██|█████████  0.33B

               |                         |                         |                         |                         |
               -1.76B                    -0.88B                     0.00B                     0.88B                     1.76B

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