DigitalOcean Holdings, Inc.

DOCN Technology Software Infrastructure

DigitalOcean Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $901.4 million, up 15.5% from fiscal 2024.

Revenue
+39.9%
EPS
−121.3%
Free cash flow
+180.8%
Total debt
−75.9%

Quarter to September 2026, against a year earlier

90.22 0.43 +0.48%
Market cap
$10.6B
P/E
215×
Fwd P/E
175×
Dividend yield
—
F-score
8/9
Altman Z
2.03
Beneish M
−2.25
Dividend safety
n/a

DigitalOcean Holdings, Inc. (DOCN) Debt to equity

Alert me on Debt to equity

DigitalOcean Holdings, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.2×, up 48.8× from fiscal 2025 (−48.6×). Over the past ten years it has ranged from −48.6× (fiscal 2025) to 32.1× (fiscal 2022) — the current reading is the lowest in ten years. That is above the Software Infrastructure industry median of 0.0× and above the Technology sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 −48.6× —
FY2024 −7.3× —
FY2023 −4.7× —
FY2022 32.1× 1,170.01%
FY2021 2.5× —
FY2020 −3.6× —
FY2019 −2.6× —
FY2018 0.0× —

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.2× (85.02%)
Jun 2026 1.5× 15.73%
Mar 2026 1.3× —
Dec 2025 −48.6× —
24 more quarters

Against its own ten years

Low −48.6× High 32.1×
Ten-year median −3.1×
Current reading's percentile 13

Debt to equity against peers

Company Debt to equity
DBX Dropbox, Inc. compare −1.6×
SAIL SailPoint, Inc. compare 0.0×
S SentinelOne, Inc. compare 0.0×
GTLB GitLab Inc. compare 0.0×
DOCN DigitalOcean Holdings, Inc. 0.2×
CHKP Check Point Software Technologies Ltd. compare 0.7×
AKAM Akamai Technologies, Inc. compare 1.6×
PAYP PayPay Corporation compare 1.7×
NTSK Netskope Inc. compare 4.5×
Software Infrastructure industry median 0.0×
Technology sector median 0.0×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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