DOCN Stock - DigitalOcean Holdings, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $780.62M | $692.88M | $576.32M | $428.56M | $318.38M |
| Gross Profit | $465.94M | $408.92M | $364.39M | $257.97M | $172.85M |
| Gross Margin | 59.7% | 59.0% | 63.2% | 60.2% | 54.3% |
| Operating Income | $91.01M | $11.90M | $-25,697,000 | $-11,186,000 | $-15,791,000 |
| Net Income | $84.49M | $19.41M | $-27,804,000 | $-19,503,000 | $-43,568,000 |
| Net Margin | 10.8% | 2.8% | -4.8% | -4.6% | -13.7% |
| EPS | $0.92 | $0.22 | $-0.24 | $-0.18 | $-0.41 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 10th 2025 | Oppenheimer | Resumed | Outperform | $60 |
| November 6th 2025 | BofA Securities | Upgrade | Buy | $60 |
| October 7th 2025 | UBS | Resumed | Neutral | $40 |
| January 24th 2025 | Citigroup | Initiation | Buy | $45 |
| January 17th 2025 | Cantor Fitzgerald | Initiation | Neutral | $39 |
| January 16th 2025 | Morgan Stanley | Upgrade | Overweight | $41← $40 |
| May 22nd 2024 | UBS | Initiation | Neutral | $40 |
| November 21st 2023 | Oppenheimer | Upgrade | Outperform | $37 |
| November 7th 2023 | Goldman | Upgrade | Buy | $33 |
| October 23rd 2023 | Piper Sandler | Upgrade | Neutral | $22← $30 |
| September 8th 2023 | BofA Securities | Downgrade | Underperform | $25← $47 |
| August 11th 2023 | Morgan Stanley | Upgrade | Equal Weight | $103← $127 |
| June 22nd 2023 | Piper Sandler | Downgrade | Underweight | $35 |
| April 25th 2023 | Needham | Downgrade | Hold | - |
| March 17th 2023 | Oppenheimer | Downgrade | Perform | - |
Earnings History & Surprises
DOCNEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 24, 2026 | $0.38 | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.31 | $0.33 | +6.5% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $0.47 | $0.59 | +25.5% | ✓ BEAT |
Q2 2025 | May 6, 2025 | $0.45 | $0.56 | +24.4% | ✓ BEAT |
Q1 2025 | Feb 25, 2025 | $0.35 | $0.49 | +40.0% | ✓ BEAT |
Q4 2024 | Nov 4, 2024 | $0.40 | $0.52 | +30.0% | ✓ BEAT |
Q3 2024 | Aug 8, 2024 | $0.39 | $0.48 | +23.1% | ✓ BEAT |
Q2 2024 | May 10, 2024 | $0.38 | $0.43 | +13.2% | ✓ BEAT |
Q1 2024 | Feb 21, 2024 | $0.37 | $0.44 | +18.9% | ✓ BEAT |
Q4 2023 | Nov 2, 2023 | $0.36 | $0.44 | +22.2% | ✓ BEAT |
Q3 2023 | Aug 11, 2023 | $0.40 | $0.44 | +10.0% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $0.29 | $0.28 | -3.4% | ✗ MISS |
Q1 2023 | Feb 16, 2023 | $0.19 | $0.28 | +47.4% | ✓ BEAT |
Q4 2022 | Nov 7, 2022 | $0.23 | $0.38 | +65.2% | ✓ BEAT |
Q3 2022 | Aug 8, 2022 | $0.10 | $0.20 | +100.0% | ✓ BEAT |
Q2 2022 | May 4, 2022 | $0.12 | $0.07 | -41.7% | ✗ MISS |
Q1 2022 | Feb 24, 2022 | $0.09 | $0.10 | +11.1% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $0.07 | $0.12 | +71.4% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $0.05 | $0.07 | +40.0% | ✓ BEAT |
Latest News
DigitalOcean And Persistent Sign Multi-Year Eight-Figure Partnership, Name DigitalOcean Exclusive Cloud Provider For SASVA And Target Over 50% AI Infrastructure Cost Reduction
📈 PositiveCanaccord Genuity Maintains Buy on DigitalOcean Holdings, Raises Price Target to $60
📈 PositiveUBS Maintains Neutral on DigitalOcean Holdings, Raises Price Target to $48
➖ NeutralBarclays Maintains Overweight on DigitalOcean Holdings, Raises Price Target to $49
📈 PositiveB of A Securities Upgrades DigitalOcean Holdings to Buy, Raises Price Target to $60
📈 PositiveDigitalOcean Holdings shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY25 sales guidance above estimates.
📈 PositiveDigitalOcean in focus amid strong Q3 results, guidance
📈 PositiveDigitalOcean Holdings Lowers FY2025 Adj EPS Guidance from $2.05-$2.10 to $2.00-$2.05 vs $2.09 Est; Raises FY2025 Sales Guidance from $888.000M-$892.000M to $896.000M-$897.000M vs $890.354M Est
➖ NeutralDigitalOcean Holdings Sees Q4 Adj EPS $0.35-$0.40 vs $0.46 Est; Sees Sales $237.000M-$238.000M vs $234.419M Est
➖ NeutralDigitalOcean Holdings Q3 Adj. EPS $0.54 Beats $0.49 Estimate, Sales $229.634M Beat $226.565M Estimate
📈 PositiveCanaccord Genuity Maintains Buy on DigitalOcean Holdings, Raises Price Target to $55
📈 PositiveDigitalOcean Holdings shares are trading higher after the company announced it expanded its AI cloud tools and launched a partner program to help startups build smarter apps.
📈 PositiveDigitalOcean Expands AI Cloud Tools and Launches Partner Program to Help Startups Build Smarter Apps
📈 PositiveDigitalOcean plans to offer $500M of convertible senior notes in private offering
➖ NeutralDigitalOcean soars after Q2 beat, raises 2025 outlook
📈 PositiveFrequently Asked Questions about DOCN
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