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DigitalOcean DOCN Operating margin

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Other financials

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

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Market cap$13.74B+459%
Enterprise value$14.37B+275%
P/E58.4×+38.9×
P/S13.6×+10.6×

Profitability

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

Returns & leverage

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Return on equity-8.8%
Debt / equity1.5×
Current ratio1.3×-1.0×

Where this comes from

Calculated from DigitalOcean’s reported figures.

Based on trailing twelve months.

The source filing: DigitalOcean’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 7:01 AM EDT
Accession
0001628280-26-052135

FAQ

What is DigitalOcean's operating margin?
DigitalOcean (DOCN) reported operating margin of 14.8% in Q2 2026.
How has DigitalOcean's operating margin changed year-over-year?
DigitalOcean's operating margin decreased by 5.5% year-over-year, from 15.7% to 14.8%.
What is the long-term trend for DigitalOcean's operating margin?
Over 4 years (2021 to 2025), DigitalOcean's operating margin has grown at a 60.7% compound annual growth rate (CAGR), from -2.6% to 17.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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