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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$901M
$259M
59.9%
17.4%
-903.7%
14.1%
$181M
$1.3B
$254M
2024
$781M
$84M
59.7%
11.7%
-41.6%
5.2%
$105M
$1.5B
$428M
2023
$693M
$19M
57.4%
1.7%
-6.2%
1.3%
$116M
$1.5B
$317M
2022
$576M
-$28M
63.2%
-4.5%
-58.4%
-1.5%
$89M
$1.5B
$141M
2021
$429M
-$20M
60.2%
-2.6%
-3.4%
-0.9%
$36M
$1.5B
$1.7B
2020
$318M
-$44M
54.3%
-5.0%
60.4%
-10.1%
-$40M
$260M
$100M
2019
$255M
-$40M
52.0%
-11.7%
55.9%
—
-$14M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$281M
$35M
55.0%
10.4%
3.8%
1.1%
$68M
$921M
$767M
Mar '26
$258M
$16M
56.1%
14.2%
1.8%
0.6%
$7M
$920M
$741M
Dec '25
$242M
$26M
58.7%
16.0%
-89.4%
1.4%
$31M
$1.3B
$254M
Sep '25
$230M
$158M
59.6%
19.6%
-227.5%
9.2%
$88M
$1.3B
$237M
Jun '25
$219M
$37M
59.9%
16.3%
-21.1%
2.2%
$59M
$1.5B
$388M
Mar '25
$211M
$38M
61.4%
17.9%
-18.1%
2.3%
$2M
$1.5B
$360M
Dec '24
$205M
$18M
61.5%
15.9%
-9.0%
1.1%
$26M
$1.5B
$428M
Sep '24
$198M
$33M
58.7%
12.4%
-15.6%
2.2%
$16M
$1.5B
$440M
Jun '24
$192M
$19M
59.3%
11.6%
-7.5%
1.2%
$39M
$1.5B
$443M
Mar '24
$185M
$14M
59.1%
6.2%
-4.9%
1.0%
$23M
$1.5B
$419M
Dec '23
$181M
$16M
57.1%
6.1%
-5.1%
1.1%
$28M
$1.5B
$317M
Sep '23
$177M
$19M
58.6%
20.0%
-5.3%
1.3%
$34M
$1.5B
$79M
Jun '23
$170M
$665000
58.8%
-0.9%
-0.2%
0.0%
$41M
$1.5B
$120M
Mar '23
$165M
-$16M
56.5%
-20.0%
8.1%
-1.0%
$13M
$1.5B
$21M
Dec '22
$163M
-$10M
63.1%
-7.0%
-21.8%
-0.6%
$36M
$1.5B
$141M
Sep '22
$152M
$8M
62.7%
4.7%
29.3%
0.5%
$25M
$1.5B
$24M
Jun '22
$134M
-$7M
64.3%
-5.9%
-14.3%
-0.4%
$20M
$1.5B
$72M
Mar '22
$127M
-$19M
62.9%
-10.7%
-4.3%
-0.9%
$7M
$1.5B
$465M
Dec '21
$120M
-$12M
62.9%
-8.5%
-2.1%
-0.6%
$2M
$1.5B
$1.7B
Sep '21
$111M
-$2M
61.0%
-1.5%
-0.2%
-0.2%
$21M
$0
$590M
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.
The price-to-earnings ratio has fallen from 204.4× (Jan '24) to 49.6× (Sep '26).
The price-to-sales ratio has risen from 8.0× (Mar '23) to 14.3× (Sep '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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 Sep '26, Digitalocean Holdings, Inc. traded at a price-to-earnings ratio of about 49.6× (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.