DigitalOcean Holdings, Inc.(DOCN) Stock Research - Grey Stern Research
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DigitalOcean Holdings, Inc. (DOCN) Stock Analysis

$42.23 (3.56%)

DOCN Financial Performance


Use the table below to view DigitalOcean Holdings, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $40.78 -
52 Week Low $19.39 -
52 Week High $41.93 -
Market Cap $3.8 Billion 9/9
Gross Margin 61% 9/9
Profit Margin 10% 3/9
EBITDA margin 29% 2/9
Q2 - 2024 Revenue $192.5 Million 9/9
Q2 - 2024 Earnings $19.1 Million 5/9
Q2 - 2024 Free Cash Flow $37.0 Million 7/9
Trailing 4 Quarters Revenue $735.1 Million 9/9
Trailing 4 Quarters Earnings $68.4 Million 4/9
Quarterly Earnings Growth 381% 2/9
Annual Earnings Growth 168% 3/9
Quarterly Revenue Growth 13% 6/9
Annual Revenue Growth 11% 8/9
Cash On Hand $443.1 Million 8/9
Short Term Debt $74.0 Million 2/9
Long Term Debt $1.5 Billion 2/9

DigitalOcean Holdings, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare DigitalOcean Holdings, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 54.89 3/9
PS 5.11 7/9
PB 0.00 9/9
PC 8.47 8/9
Liabilities to Equity 0.00 9/9
ROA 0.04 2/9
ROE -0.27 9/9
Current Ratio 0.86 9/9
Quick Ratio 0.25 8/9
Long Term Debt to Equity -5.84 9/9
Debt to Equity -6.46 9/9
Burn Rate 7.56 5/9
Cash to Cap 0.12 2/9
CCR 1.93 3/9
EV to EBITDA 89.28 5/9
EV to Revenue 6.73 6/9

Company Details

DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. Its platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and medium size businesses. The company offers infrastructure solutions across compute, storage, and networking, as well as enables developers to extend the native capabilities of its cloud with fully managed application, container, and database offerings. Its users include software engineers, researchers, data scientists, system administrators, students, and hobbyists. The company's customers use its platform in various industry verticals and for a range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, managed services, and others. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York.

CEO: Mr. Yancey L. Spruill

Website: https://www.digitalocean.com

Address: 101 6th Avenue New York, NY

Exchange: New York Stock Exchange

Industry: Software—Infrastructure

DigitalOcean Holdings, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to DigitalOcean Holdings, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Splunk Inc. SPLK $26.4 Billion
Okta, Inc. OKTA $12.2 Billion
Palo Alto Networks, Inc. PANW $108.6 Billion
MongoDB, Inc. MDB $21.0 Billion
Zscaler, Inc. ZS $26.3 Billion
CrowdStrike Holdings, Inc. CRWD $68.0 Billion
Cloudflare, Inc. NET $28.3 Billion
UiPath Inc. PATH $6.8 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
DOCN Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 192.5 Million $19.1 Million
Q1 2024 $ 184.7 Million $14.1 Million
Q4 2023 $ 180.9 Million $15.9 Million
Q3 2023 $ 177.1 Million $19.2 Million
Q2 2023 $ 169.8 Million $4.0 Million
Q1 2023 $ 165.1 Million -$34.9 Million
Q4 2022 $ 163.0 Million -$10.1 Million
Q3 2022 $ 152.1 Million $10.1 Million

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DOCN Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $443.1 Million $1.5 Billion $1.6 Billion -$253.8 Million
Q1 2024 $419.1 Million $1.5 Billion $1.7 Billion -$286.1 Million
Q4 2023 $317.2 Million $1.5 Billion $1.7 Billion -$313.7 Million
Q3 2023 $79.4 Million $1.4 Billion $1.7 Billion -$358.8 Million
Q2 2023 $120.0 Million $1.5 Billion $185.1 Million -$267.6 Million
Q1 2023 $20.9 Million $1.6 Billion $1.7 Billion -$217.7 Million
Q4 2022 $140.8 Million $1.8 Billion $1.6 Billion $51.1 Million
Q3 2022 $24.1 Million $1.6 Billion $1.5 Billion $30.2 Million

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DOCN Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 $37.0 Million -$34.4 Million $24.0 Million
Q1 2024 $21.5 Million -$45.2 Million $101.8 Million
Q4 2023 $26.9 Million -$53.7 Million $237.9 Million
Q3 2023 $32.6 Million -$21.4 Million -$49.8 Million
Q2 2023 $39.5 Million -$24.6 Million $99.2 Million
Q1 2023 $11.1 Million -$25.1 Million -$120.1 Million
Q4 2022 $34.2 Million -$31.0 Million $116.7 Million
Q3 2022 $33.9 Million -$20.4 Million $0

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