What is DigitalOcean's debt-to-equity?

DigitalOcean (DOCN) reported debt-to-equity of 1.5× in Q1 2026.

What does debt-to-equity mean?

How much debt the company carries for every dollar of shareholder equity.

How do you interpret debt-to-equity?

Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.

How does debt-to-equity compare across companies?

Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.

DigitalOcean DOCN Debt-to-equity

Debt-to-equity at other companies

MicrosoftMSFT

0.3×0.0×

AmazonAMZN

0.5×0.0×

Akamai TechnologiesAKAM

0.4×+0.1×

SnowflakeSNOW

0.3×+0.1×

CoreWeave, Inc. CRWV

7.4×+1.1×

International Business MachinesIBM

2.3×-0.4×

Other financials

Income statement

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Revenue$257.9M+22.4%

Gross profit$144.7M+11.8%

Operating income$36.6M-2.9%

Net income$15.8M-58.7%

EPS (diluted)$0.15-61.5%

Balance sheet

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Cash & equivalents$741.5M+105%

Total debt$1.3B-25.4%

Total equity$887.4M+521%

Total assets$2.6B+56.6%

Cash flow

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Operating cash flow$46.9M-26.8%

CapEx$40.0M-35.5%

Free cash flow$6.9M+226%

Valuation

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Market cap$18.56B+190%

Enterprise value$19.12B+113%

P/E78.4×+19.4×

P/S19.6×+11.6×

Profitability

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Gross margin58.5%-1.8pp

Operating margin16.4%+1.9pp

Net margin25%+11.5pp

Returns & leverage

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Return on equity-8.8%—

Current ratio1.5×-1.0×

Where this comes from

Calculated from DigitalOcean’s reported figures.

total debt/total stockholders equity=1.5×

Based on the most recent quarter.

The official record: DigitalOcean’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DigitalOcean's debt-to-equity?: DigitalOcean (DOCN) reported debt-to-equity of 1.5× in Q1 2026.
What does debt-to-equity mean?: How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?: Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?: Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.