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) Price to free cash flow

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As of 3 November 2026, DigitalOcean Holdings, Inc. (DOCN) trades at a price to free cash flow of 170×. Over the past ten years it has ranged from 0.0× (September 2026) to 810× (November 2021); the current reading is higher than 79% of that period. That is above the Software Infrastructure industry median of 17.3× and above the Technology sector median of 20.0×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 107× 211.67%
FY2024 34.2× 7.73%
FY2023 31.7× (13.13%)
FY2022 36.5× (90.54%)
FY2021 386× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 251× —
Jun 2026 0.0× —
Mar 2026 253× 137.03%
Dec 2025 107× 371.11%
21 more quarters

Against its own ten years

Low 0.0× High 810×
Ten-year median 37.9×
Current reading's percentile 79

Price to free cash flow against peers

Company Price to free cash flow
NTSK Netskope Inc. compare n/m
PAYP PayPay Corporation compare n/m
DBX Dropbox, Inc. compare 8.2×
CHKP Check Point Software Technologies Ltd. compare 13.3×
AKAM Akamai Technologies, Inc. compare 19.7×
GTLB GitLab Inc. compare 41.4×
SAIL SailPoint, Inc. compare 68.1×
DOCN DigitalOcean Holdings, Inc. 170×
S SentinelOne, Inc. compare 256×
Software Infrastructure industry median 17.3×
Technology sector median 20.0×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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