What is DigitalOcean's return on equity?

DigitalOcean (DOCN) reported return on equity of -8.8% in Q4 2022.

What does return on equity mean?

How much profit the company earns on the money shareholders have invested.

How do you interpret return on equity?

Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.

How does return on equity compare across companies?

Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.

DigitalOcean DOCN Return on equity

Discontinued — last reported Q4 '22

Return on equity at other companies

MicrosoftMSFT

34%+0.4pp

AmazonAMZN

21.1%-4.1pp

Akamai TechnologiesAKAM

9.2%-0.7pp

SnowflakeSNOW

-55.1%+32.5pp

CoreWeave, Inc. CRWV

-47.8%—

International Business MachinesIBM

35.9%+14.1pp

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$18.08B+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

Returns & leverage

See full

Debt / equity1.5×—

Current ratio1.5×-1.0×

Where this comes from

Calculated from DigitalOcean’s reported figures.

net income/total stockholders equity=-8.8%

Based on trailing twelve months.

The official record: DigitalOcean’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DigitalOcean's return on equity?: DigitalOcean (DOCN) reported return on equity of -8.8% in Q4 2022.
What does return on equity mean?: How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?: Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?: Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.