DOCNNYSEServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31
DigitalOcean Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$100.37+1.68 (+1.70%)
Close on Oct 19, 2026
- Market cap
- $12.70B
- P/E (TTM)
- 46.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
59.9%+5.6 pts over 5 years
Operating margin
17.4%+22.4 pts over 5 years
Net margin
28.8%+42.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +15.5% | +16.1% | +23.1% | – | |
| Gross profit | +15.8% | +14.0% | +25.6% | – | |
| Operating income | +72.5% | – | – | – | |
| Net income | +206.8% | – | – | – | |
| EPS, diluted | +183.1% | – | – | – | |
| Free cash flow | +72.6% | +26.7% | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 60.4% | -223.8% | |
| Return on assets | – | – | 14.9% | |
| Current ratio | – | 1.75 | 0.69 | |
| Debt to equity | – | -3.60 | -45.16 | |
| Net debt to EBITDA | – | 2.63× | 3.54× | |
| Interest coverage | – | -1.2× | 8.8× | |
| Capex to revenue | – | 30.9% | 14.3% | |
| Diluted shares | – | 42M | 105M |
Where the cash went
Fiscal 2021 to 2025, five years combined
DigitalOcean generated $1.16B from operations and spent $2.21B on capital expenditure, dividends and share buybacks. 29% of that went back into the business.
Generated
$1.16B
Used
$2.21B
Capital expenditure$630.01M29%Dividends$00%Share buybacks$1.58B71%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin28.8%
×Asset turnover0.52×
×Equity multiplier-15.01×
=Return on equity, FY2025-223.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 28.8% | 0.52× | -15.01× | -223.8% |
| FY2024 | 10.8% | 0.50× | -6.00× | -32.7% |
| FY2023 | 2.8% | 0.42× | -12.31× | -14.6% |
| FY2022 | -4.8% | 0.29× | 6.26× | -8.9% |
| FY2021 | -4.6% | 0.34× | 5.00× | -7.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$259.26M
- Cash generatingOperating cash flow above zero$309.60M
- Return on assets improvedROA up on the prior year5.8% → 15.8%
- Earnings backed by cashOperating cash flow above net income$309.60M vs $259.26M
- Less leverageLong-term debt to assets fell90.6% → 52.8%
- Better liquidityCurrent ratio rose2.45 → 0.69
- No dilutionShare count did not rise95M → 105M
- Gross margin improvedGross margin up on the prior year59.69% → 59.86%
- More efficientAsset turnover rose0.53 → 0.55