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DigitalOcean DOCN Net debt / EBITDA

Net debt / EBITDA at other companies

Microsoft logo
MicrosoftMSFT
0.5×0.0×
Amazon logo
AmazonAMZN
0.9×+0.2×
Akamai Technologies logo
Akamai TechnologiesAKAM
0.9×+0.9×
CoreWeave, Inc.
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CoreWeave, Inc. CRWV
10.6×+4.4×
International Business Machines logo
International Business MachinesIBM
3.8×-1.3×
Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×

Other financials

Income statement

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Revenue$257.9M+22.4%
Gross profit$144.7M+11.8%
Operating income$36.6M-2.8%
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$18.08B+190%
Enterprise value$18.64B+113%
P/E76.4×+18.9×
P/S19.1×+11.3×

Profitability

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Gross margin58.5%-1.8pp
Operating margin16.4%+1.9pp
Net margin25%+11.5pp
FCF margin19.5%+9.2pp

Returns & leverage

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Return on equity-8.8%
Debt / equity1.5×
Current ratio1.5×-1.0×

Where this comes from

Calculated from DigitalOcean’s reported figures.

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 net debt / EBITDA?
DigitalOcean (DOCN) reported net debt / EBITDA of 1.8× in Q1 2026.
How has DigitalOcean's net debt / EBITDA changed year-over-year?
DigitalOcean's net debt / EBITDA decreased by 68.0% year-over-year, from 5.6× to 1.8×.
What is the long-term trend for DigitalOcean's net debt / EBITDA?
Over 5 years (2020 to 2025), DigitalOcean's net debt / EBITDA has grown at a 8.2% compound annual growth rate (CAGR), from 3.3× to 4.9×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.