Saturday 17 October 2026 Export DOCN’s income statement to Excel — free account

DigitalOcean Holdings, Inc.

DigitalOcean Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $901.4 million, up 15.5% from fiscal 2024. In the quarter to June 2026, revenue grew 28.6%, EPS fell 17.1%, free cash flow fell 63.4% and total debt fell 8.07%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for five.

98.69 10.78 −9.85%

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Market cap: $12.9B
P/E: 39.0×
Fwd P/E: 851×
Dividend yield: —
F-score: 8/9
Altman Z: 2.03
Beneish M: −2.25
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 573.75

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	2	—	5	1	—	3	4	—

Insider Ownership 7.49%

Capital & Financial Ratios $m

Market Cap 12,870.00

Revenue 1,011.11

Net Income 235.24

Free Cash Flow (4.43)

Net Debt 601.97

Current Ratio 1.31

Debt/Equity 1.47

P/E ratio 39.01

Fwd P/E 851.00

P/S ratio 10.21

P/B ratio 11.09

Past 5Y EPS Growth —

This Y EPS Growth (31.03%)

Next Y EPS Growth 22.86%

Next Y revenue growth 30.79%

Next 5Y EPS Growth 11.61%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 74.91%

10-year low 10-year high

EV/Sales against its own 10 years 76.41%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	412	428	254	767
Receivables	62	72	91	115
Inventory	—	—	—	—
Other	—	—	—	—
	503	542	427	1,018

	2023	2024	2025	Q'26
Payables	4	55	39	10
ST’ Debt	—	—	325	312
Other	71	44	68	74
	193	221	619	776

Compound Annual Growth %

	10y	5y	3y
Sales	—	23.14%	16.08%
Cash Flow	—	39.57%	16.63%
Earnings	—	0.00%	0.00%
Book Value	—	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	258	281	—	—	—
’25	211	219	230	242	901
’24	185	192	198	205	781
’23	165	170	177	181	693
’22	127	134	152	163	576
’21	94	104	111	120	429
’20	—	77	81	—	318

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	47	110	—	—	—
’25	64	92	96	57	310
’24	67	71	73	71	283
’23	36	64	54	81	235
’22	30	46	56	63	195
’21	20	40	40	33	133
’20	—	17	23	18	58

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(10)	21	—	—	—
’25	(1)	57	57	(72)	41
’24	21	37	14	24	96
’23	9	40	33	27	108
’22	2	13	23	34	71
’21	(4)	14	14	0	25
’20	—	(42)	(3)	(12)	(57)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.15	0.29	—	—	—
’25	0.39	0.39	1.51	0.24	2.52
’24	0.15	0.20	0.33	0.19	0.89
’23	(0.17)	0.01	0.20	0.17	0.20
’22	(0.17)	(0.06)	0.08	(0.10)	(0.24)
’21	(0.07)	(0.02)	(0.02)	(0.11)	(0.21)
’20	—	(0.06)	(0.24)	—	(1.05)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	35.35	23.38	19.39	26.63	25.45	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	133.40	81.38	51.69	44.80	52.20
People
People	Employees	—	—	—	—	581	786	1,204	1,156	1,210	1,462
	Revenue/emp, $m	—	—	0.00	0.00	0.55	0.55	0.48	0.60	0.65	0.62
Income, $m
Income, $m	Revenue	—	—	203	255	318	429	576	693	781	901
	Gross margin, %	—	—	52.23	52.02	54.29	60.19	63.23	57.37	59.69	59.86
	EBT	—	—	(35)	(40)	(43)	(18)	(24)	27	98	207
	EBT margin, %	—	—	(17.12)	(15.54)	(13.40)	(4.25)	(4.14)	3.86	12.52	22.93
	Net income	—	0	(36)	(40)	(44)	(20)	(28)	19	84	259
	Depreciation	—	—	52	63	76	88	96	120	133	137
Per share, $
Per share, $	Revenue	—	—	5.98	6.71	7.64	4.60	5.72	7.69	8.52	9.85
	Earnings	—	—	(1.06)	(1.06)	(1.05)	(0.21)	(0.24)	0.22	0.92	2.83
	Cash flow	—	—	1.12	1.05	1.40	1.43	1.94	2.61	3.09	3.38
	Capex	—	—	(1.80)	(2.22)	(2.78)	(1.16)	(1.24)	(1.41)	(2.04)	(2.93)
	Free cash flow	—	—	(0.69)	(1.17)	(1.37)	0.26	0.70	1.20	1.05	0.45
	Book value	—	—	0.00	(1.90)	(1.73)	6.20	0.47	(3.48)	(2.21)	(0.31)
	Shares, m	—	—	34	38	42	93	101	90	92	91
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	153.43	36.63	16.88
	P/S	—	—	0.00	0.00	0.00	17.47	4.47	4.71	4.00	4.88
	P/B	—	—	0.00	0.00	0.00	12.95	54.14	0.00	0.00	0.00
	EV/Sales	—	—	0.00	0.00	0.00	16.89	5.62	6.36	5.45	6.15
	EV/FCF	—	—	(23.61)	(23.61)	(23.61)	373.46	45.94	42.82	46.60	134.14
Cash, $m
Cash, $m	Operating cash flow	—	—	38	40	58	133	195	235	283	310
	Capex	—	—	(61)	(84)	(116)	(109)	(125)	(127)	(186)	(268)
	Free cash flow	—	—	(23)	(45)	(57)	25	71	108	96	41
Balance, $m
Balance, $m	Working capital	—	—	(13)	(12)	63	1,712	780	310	321	(192)
	Total debt	—	—	136	191	260	1,463	1,528	1,478	1,486	1,395
	Net debt	—	—	106	158	159	(251)	664	1,066	1,058	1,140
	Shareholders’ equity	—	—	—	(72)	(72)	578	48	(314)	(203)	(29)
Returns, %
Returns, %	ROA	—	—	0.00	(26.71)	(11.89)	(1.54)	(1.42)	1.18	5.45	14.91
	ROIC	—	—	(16.09)	(21.77)	(11.31)	(2.13)	(2.26)	0.99	6.65	8.83
	ROE	—	—	55.81	62.48	60.35	(7.71)	(8.89)	(14.59)	(32.71)	(223.84)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TOST Toast, Inc.	$18.7B	38.0×	27.8×	+23.10% (above 0%: growing)	+92.86% (above 0%: growing)	−37.50% (below 0%: shrinking)	27.04%	7.97%	Compare
KSPI Joint Stock Company Kaspi.kz Sponsored ADR	$18.0B	8.4×	6.4×	+20.70% (above 0%: growing)	+5.19% (above 0%: growing)	+73.38% (above 0%: growing)	74.32%	0.00%	Compare
GEN Gen Digital Inc.	$14.9B	13.9×	15.2×	+6.28% (above 0%: growing)	+63.64% (above 0%: growing)	+3.86% (above 0%: growing)	77.02%	33.16%	Compare
CHKP Check Point Software Technologies Ltd.	$14.1B	13.9×	17.5×	+1.26% (above 0%: growing)	−0.53% (below 0%: shrinking)	−35.82% (below 0%: shrinking)	86.77%	27.48%	Compare
GDDY GoDaddy Inc.	$13.6B	15.6×	11.9×	+6.60% (above 0%: growing)	+27.78% (above 0%: growing)	+16.39% (above 0%: growing)	63.81%	26.39%	Compare
AKAM Akamai Technologies, Inc.	$13.3B	30.8×	46.6×	+5.38% (above 0%: growing)	−23.61% (below 0%: shrinking)	−57.30% (below 0%: shrinking)	55.81%	7.30%	Compare
DOCN DigitalOcean Holdings, Inc.	$12.9B	39.0×	851×	+28.57% (above 0%: growing)	−17.07% (below 0%: shrinking)	−63.43% (below 0%: shrinking)	55.00%	10.45%
SAIL SailPoint, Inc.	$11.3B	— (loss-making)	— (loss-making)	+16.82% (above 0%: growing)	n/m	−18.60% (below 0%: shrinking)	66.51%	(19.09%)	Compare
GTLB GitLab Inc.	$9.3B	— (loss-making)	— (loss-making)	+21.31% (above 0%: growing)	n/m	−107.11% (below 0%: shrinking)	84.06%	(19.89%)	Compare
Median of peers	$13.8B	14.7×	16.4×	+11.71%	+16.49%	−27.21%	70.42%	7.64%

All 173 Software Infrastructure stocks →

DigitalOcean Holdings, Inc. (DOCN) key facts

Strength: DigitalOcean Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $901.4 million, up 15.5% from fiscal 2024.
DigitalOcean Holdings, Inc. (DOCN) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
As of October 16, 2026, DOCN traded at $98.69, a market capitalization of $12.9 billion.
Return on equity was −223.8% and debt-to-equity 1.47.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 2.03 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.