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DigitalOcean DOCN Q4 2024 Annual earnings

Reported February 25, 2025 · Before market open

Revenue estimate$207.7M
EPS estimate$0.35

Next report

Aug 4, 2026 (In 2 weeks)
Revenue estimate$277.5M
EPS estimate$0.26

Financials

Q4 2024

Income statement

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Revenue$204.9M+13.3%
Gross profit$126.1M+22.1%
Operating income$32.5M+196%
Net income$18.3M+14.6%
EPS (diluted)$0.19+11.8%

Balance sheet

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Cash & equivalents$430.2M+34.9%
Total debt$1.7B+1.9%
Total equity-$203.0M+35.3%
Total assets$1.6B+12.2%

Cash flow

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Operating cash flow$71.3M-11.4%
CapEx$45.3M-13.3%
Free cash flow$26.1M-7.9%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$3.14B-2.5%
Enterprise value$4.41B-3.5%
P/E37.2×-129×
P/S-0.6×

Profitability

See full
Gross margin59.7%+2.3pp
Operating margin11.7%+9.9pp
Net margin10.8%+8.0pp
FCF margin13.4%-3.3pp

Returns & leverage

See full
Current ratio2.5×-0.2×

Segments

By geography

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North America$77.8M+21.5%
Europe$57.5M+13.3%
Asia$48.3M+19.0%
Rest of the world$21.3M+19.3%

Versus estimates

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Questions, answered.

When did DigitalOcean report Q4 2024 earnings?
DigitalOcean (DOCN) reported Q4 2024 earnings on February 25, 2025 before market open.
What were DigitalOcean's Q4 2024 revenue and EPS?
DigitalOcean reported revenue of $204.9M and diluted EPS of $0.49 for Q4 2024.
Did DigitalOcean beat estimates in Q4 2024?
Revenue missed the consensus estimate of $207.7M by $2.8M. EPS beat the consensus estimate of $0.35 by $0.14.
Where can I find DigitalOcean's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001582961-25-000035) directly on SEC EDGAR. The filing index links above go to sec.gov.