DigitalOcean Holdings, Inc.
TechnologyNYSE:DOCN · New York Stock Exchange
+$2.65 today
Vol 1.59M · Avg 4.41M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$948.6M of revenue converted into $236.8M of net income for the selected period. Gross margin is 58.6% and net margin is 25.6%, showing how much revenue survives after costs and taxes. EPS is $2.30, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $901.4M +15.5% | $780.6M +12.7% | $692.9M +20.2% | $576.3M +34.5% | $428.6M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $361.8M +15.0% | $314.7M +10.8% | $284.0M +34.0% | $211.9M +24.2% | $170.6M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $539.6M +15.8% | $465.9M +13.9% | $408.9M +12.2% | $364.4M +41.3% | $258.0M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 59.9% +0.2pp | 59.7% +0.7pp | 59.0% -4.2pp | 63.2% +3.0pp | 60.2% | 9.8% | 28.9% | 38.3% |
| Research & Development | $161.6M +13.4% | $142.5M +1.5% | $140.4M -2.4% | $143.9M +24.4% | $115.7M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $221.0M -4.9% | $232.4M -1.4% | $235.8M -4.2% | $246.2M +60.4% | $153.5M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $382.6M +2.0% | $374.9M -5.6% | $397.0M +1.8% | $390.1M +44.9% | $269.2M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $137.4M +5.7% | $130.1M +10.3% | $117.9M +15.3% | $102.2M +15.7% | $88.4M | $374.2M | $1.2B | $631.8M |
| EBITDA | $362.1M +52.9% | $236.9M +54.2% | $153.6M +77.1% | $86.7M +17.4% | $73.9M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 40.2% +9.8pp | 30.3% +8.2pp | 22.2% +7.1pp | 15.1% -2.2pp | 17.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $157.0M +72.5% | $91.0M +665.0% | $11.9M +146.3% | -$25.7M -129.7% | -$11.2M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 17.4% +5.8pp | 11.7% +9.9pp | 1.7% +6.2pp | -4.5% -1.8pp | -2.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 -100.0% | $15.8M -33.7% | $23.8M +124.4% | $10.6M +6372.6% | $164.0K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $17.9M +96.9% | $9.1M +1.9% | $8.9M +6.5% | $8.4M +124.3% | $3.7M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $49.7M +642.3% | $6.7M -55.0% | $14.9M +721.2% | $1.8M +125.8% | -$7.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $206.7M +111.5% | $97.7M +264.9% | $26.8M +212.1% | -$23.9M -31.2% | -$18.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 22.9% +10.4pp | 12.5% +8.7pp | 3.9% +8.0pp | -4.1% +0.1pp | -4.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$52.6M -498.3% | $13.2M +79.3% | $7.4M +88.0% | $3.9M +201.0% | $1.3M | $1.3B | -$1.6B | $745.2M |
| Net Income | $259.3M +206.8% | $84.5M +335.3% | $19.4M +169.8% | -$27.8M -42.6% | -$19.5M | $4.9B | $4.8B | $4.7B |
| Net Margin | 28.8% +17.9pp | 10.8% +8.0pp | 2.8% +7.6pp | -4.8% -0.3pp | -4.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $3 +207.6% | $1 +318.2% | $0 +191.7% | -$0 -33.3% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $3 +183.1% | $1 +345.0% | $0 +183.3% | -$0 -33.3% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $91.5M -0.2% | $91.6M +1.7% | $90.1M -10.6% | $100.8M -6.0% | $107.2M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $105.3M +11.5% | $94.5M -2.0% | $96.4M -4.4% | $100.8M -6.0% | $107.2M | $1.2B | $924.4M | $678.0M |
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How much revenue does DOCN generate?
DigitalOcean Holdings, Inc. (DOCN) reported $901.43M of revenue in fiscal 2025.
Is DOCN profitable?
DigitalOcean Holdings, Inc. (DOCN) reported $259.26M of net income, with a net margin of 28.8%.
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