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DigitalOcean

DOCN

DigitalOcean is a cloud computing platform designed for AI-driven and digital-native businesses, offering a simplified alternative to complex legacy cloud providers.

Market cap
$13.86B+320%
Revenue$1.0B+21.4%
Net income$235.2M+86.0%
Free cash flow$194.5M+88.0%
EPS (diluted)$2.16+66.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$306.7M
EPS estimate$0.32

Financials

Q2 2026

Income statement

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Revenue$281.2M+28.6%
Gross profit$154.7M+18.1%
Operating income$29.4M-17.5%
Net income$35.4M-4.3%
EPS (diluted)$0.29-25.6%

Balance sheet

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Cash & equivalents$767.0M+96.9%
Total debt$1.4B-20.6%
Total equity$930.7M+631%
Total assets$3.1B+81.6%

Cash flow

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Operating cash flow$110.0M+19.0%
CapEx$41.6M+25.3%
Free cash flow$68.4M+15.4%

Valuation & ratios

Valuation

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Market cap$13.86B+320%
Enterprise value$14.49B+210%
P/E58.9×+32.7×
P/S13.7×+9.7×

Profitability

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Gross margin57.2%-3.2pp
Operating margin14.8%-0.9pp
Net margin23.3%+8.1pp
FCF margin19.2%+6.8pp

Returns & leverage

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Debt / equity1.5×
Current ratio1.3×-1.0×

Competitors

Profile

DigitalOcean is a cloud computing platform designed for AI-driven and digital-native businesses, offering a simplified alternative to complex legacy cloud providers. The company provides an agentic inference cloud that integrates GPU infrastructure with a full-stack cloud to help developers build, run, and scale intelligent applications. Its core value proposition centers on providing predictable economics and reducing operational complexity for growing technology companies.

Competitive position

DigitalOcean positions itself as a simple and approachable alternative to 'hyperscale' providers, specifically targeting the underserved market of small-to-medium sized technology businesses.

GeographiesNorth America, Europe, Asia, Australia
Customer segmentsSMEs, Developers, Digital Native Enterprises, Startups
Business modelSubscription SaaS, Usage-based pricing, IaaS, PaaS
SuppliersData center facility lessors, Hardware manufacturers (GPUs, CPUs, servers), Telecommunications and bandwidth providers, Open source software communities
CustomersOnline gaming companies, Fintech startups, Cybersecurity firms, Digital agencies, eCommerce businesses
Listed2021
Employees1.2K
CEOPadmanabhan T. Srinivasan
FilingsSEC EDGAR

FAQ

What is DigitalOcean's market cap?
DigitalOcean (DOCN) has a market capitalization of $13.9B and trades on NYSE.
What is DigitalOcean's revenue and profitability?
DigitalOcean generated $1.0B in trailing twelve-month revenue with net income of $235.2M, representing a net margin of 23.3%. Gross margin stands at 57.2%, with free cash flow of $194.5M. The latest reported period is Q2 2026.
Who are DigitalOcean's competitors?
DigitalOcean's key competitors include Akamai, Amazon Web Services, Microsoft Azure, and others. These companies compete in similar markets and product categories.
Who does DigitalOcean partner with?
DigitalOcean's notable partners include AMD, NVIDIA, Laravel, and others.
What subsidiaries does DigitalOcean have?
DigitalOcean's subsidiaries include Cloudways, Paperspace.
Where is DigitalOcean headquartered?
DigitalOcean is headquartered in United States of America and employs approximately 1,156 people. It has been publicly traded since 2021.