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DOCN Financials Digitalocean Holdings, Inc.

7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 23.1% per year over the past 5 years.
  • Operating margin has expanded, at 17.4% in the latest year.

Financial health

  • Total debt ($1.3B) exceeds cash ($254M); net debt is $1.0B.
  • Total debt has grown faster than revenue (37.9% vs 23.1% per year).
  • Operating income covered interest expense 8.8× in the latest year.
  • Total debt is 4.4× EBITDA.
Revenue & net income
-$44M $429M $901M $0 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-16% 24% 63% 0% 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$40M $70M $181M $0 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $857M $2B 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$1B $223M $2B $0 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $901M $259M 59.9% 17.4% $181M $1.3B $254M
2024 $781M $84M 59.7% 11.7% $105M $1.5B $428M
2023 $693M $19M 57.4% 1.7% $116M $1.5B $317M
2022 $576M -$28M 63.2% -4.5% $89M $1.5B $141M
2021 $429M -$20M 60.2% -2.6% $36M $1.5B $1.7B
2020 $318M -$44M 54.3% -5.0% -$40M $260M $100M
2019 $255M -$40M 52.0% -11.7% -$14M

Valuation over time

How the market has priced DOCN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 108.6 217.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 9.1 18.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is DOCN growing its revenue and profit?

Over the past 5 years, Digitalocean Holdings, Inc.'s revenue has grown 23.1% per year. These are computed facts, not advice.

How much debt does DOCN have?

As of FY2025, Digitalocean Holdings, Inc. reported $1.3B of total debt against $254M of cash; operating income covered interest expense 8.8×.

What is DOCN's profit margin?

In FY2025, gross margin was 59.9%, operating margin 17.4%, and net margin 28.8%.

What is DOCN's P/E ratio?

As of Jun '26, Digitalocean Holdings, Inc. traded at a price-to-earnings ratio of about 58.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.