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DigitalOcean DOCN Letters of credit, number remaining

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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$14.6B+385%
Enterprise value$15.23B+248%
P/E62.1×+38.3×
P/S14.4×+10.8×

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

Where this comes from

Reported directly by DigitalOcean in its filing.

Tagged under the XBRL concept docn:LettersOfCreditNumberOfDebtInstruments.

The source filing: DigitalOcean’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 4:28 PM EST
Fiscal year
FY2025
Accession
0001582961-26-000019

In conjunction with the execution of an office space operating lease, a letter of credit in the aggregate amount of $1,747 was issued and outstanding as of December 31, 2024. No draws have been made under such letter of credit. These funds were included as restricted cash on the consolidated balance sheets as they were related to a long-term operating lease. As of December 31, 2025, no letter of credit remained as the funds were released to the Company in September 2025.

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is DigitalOcean's letters of credit, number remaining?
DigitalOcean (DOCN) reported letters of credit, number remaining of 0 in Q4 2025.
What does letters of credit, number remaining mean?
The total count of active letters of credit issued by the company to guarantee performance or payment to third parties. These instruments represent contingent liabilities that could impact liquidity if triggered.

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