DigitalOcean Financial Statements
NYSE: DOCNTechnologyComputer Software: Programming Data ProcessingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
DigitalOcean revenue and earnings
In fiscal 2025, DigitalOcean generated $901.4 million in revenue, up 15.5% from fiscal 2024, its 6th consecutive year of revenue growth. Net income was $259.3 million (+206.8% year over year), for a net margin of 28.8% versus a median of -4.6% in the prior 5 years. Gross margin was 59.9% (up from 59.7%) and operating margin 17.4%.
Diluted earnings per share came in at $2.52, up from $0.89. Over the last 5 fiscal years, DOCN's revenue has grown at a 23.1% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
DigitalOcean income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 |
|---|---|---|---|---|---|---|---|
| Revenue | 901.43M | 780.62M | 692.88M | 576.32M | 428.56M | 318.38M | 254.82M |
| Revenue growth (YoY) | +15.48% | +12.66% | +20.23% | +34.48% | +34.61% | +24.94% | — |
| Cost of Revenue | 361.83M | 314.67M | 295.39M | 211.93M | 170.59M | 145.53M | 122.26M |
| Gross Profit | 539.59M | 465.94M | 397.50M | 364.39M | 257.97M | 172.85M | 132.56M |
| Operating Expenses | 382.60M | 374.94M | 385.60M | 390.09M | 269.15M | 188.64M | 162.47M |
| Research & Development | 161.62M | 142.50M | 136.92M | 143.88M | 115.68M | 74.97M | 59.97M |
| Selling, General & Admin | 220.98M | 232.44M | 227.80M | 246.21M | 153.47M | 113.67M | 102.50M |
| Operating Income | 156.99M | 91.01M | 11.90M | -25.70M | -11.19M | -15.79M | -29.91M |
| Interest Expense | 17.94M | 9.11M | 8.95M | 8.40M | 3.74M | 13.61M | 9.36M |
| Other Income (Expense) | 49.67M | 6.69M | 14.88M | 1.81M | -7.01M | -26.87M | -9.69M |
| Pretax Income | 206.66M | 97.70M | 26.78M | -23.89M | -18.20M | -42.66M | -39.60M |
| Income Tax | -52.60M | 13.21M | 7.37M | 3.92M | 1.30M | 911.00K | 793.00K |
| Net Income | 259.26M | 84.49M | 19.41M | -27.80M | -19.50M | -43.57M | -40.39M |
| Net Income growth (YoY) | +206.85% | +335.32% | — | — | — | — | — |
| EPS (Basic) | 2.83 | 0.92 | 0.22 | -0.28 | -0.21 | -1.05 | -1.06 |
| EPS (Diluted) | 2.52 | 0.89 | 0.20 | -0.28 | -0.21 | -1.05 | -1.06 |
| Shares Outstanding (Basic) | 91.48M | 91.63M | 90.14M | 100.81M | 93.22M | 41.66M | 38.00M |
| Shares Outstanding (Diluted) | 105.34M | 94.50M | 96.42M | 100.81M | 93.22M | 41.66M | 38.00M |
| EBITDA | 294.44M | 221.06M | 129.76M | 76.53M | 77.19M | 59.78M | 33.18M |
| Gross Margin | 59.86% | 59.69% | 57.37% | 63.23% | 60.19% | 54.29% | 52.02% |
| Operating Margin | 17.42% | 11.66% | 1.72% | -4.46% | -2.61% | -4.96% | -11.74% |
| Net Margin | 28.76% | 10.82% | 2.80% | -4.82% | -4.55% | -13.68% | -15.85% |
This table shows 7 annual periods of DigitalOcean's income statement, from FY 2025 back to FY 2019, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow DOCN's reporting calendar. What is a income statement?