DigitalOcean
Financial Performance
DigitalOcean Revenue & Financials
Revenue
$901.4M (FY2025)
Market Cap
$16B
Net Income
$259.3M
Employees
1,462
What is DigitalOcean's revenue?
DigitalOcean had $901.4M in revenue for fiscal year 2025, up 15.5% from 2024. Net income was $259.3M.
- Latest revenue
- $901.4M (FY2025)
- Year-over-year
- +15.5%
- Growth rate (CAGR)
- 23.4% over 6 years
- Peak revenue
- $901.4M (FY2025)
- Years of data
- 7
- Employees
- 1,462
- What is DigitalOcean's operating income?
- DigitalOcean reported operating income of $157M for fiscal year 2025. sec.gov
- How much profit does DigitalOcean make?
- DigitalOcean reported net income of $259.3M for fiscal year 2025. sec.gov
- How many employees does DigitalOcean have?
- DigitalOcean has about 1,462 employees.
Financial Analysis
DigitalOcean grew revenue from $255 million in 2019 to $901 million in 2025. It turned GAAP-profitable in 2023 ($19 million), earned $84 million in 2024, and reported $259 million of net income in 2025, with adjusted EBITDA of $375 million (42% margin) and adjusted free cash flow of $168 million (19% margin). Growth then accelerated: Q1 2026 revenue was $258 million (up 22%) and Q2 2026 revenue was $281 million (up 29%), with Q2 net income of $35 million, adjusted EBITDA of $114 million, and $767 million in cash at June 30, 2026. Management guided to about 30% revenue growth for 2026. DigitalOcean Holdings, Inc. is a prominent cloud infrastructure provider for developers, holding a market valuation generally exceeding $3 billion.
Revenue Trend Analysis
YoY Change
+15.5%
6-Year CAGR
+23.4%
Peak Year
2025
Trend
Consistent Growth
DigitalOcean has 7 full fiscal year figures on this page, compounding at +23.4% annually over 6 years. The most recent year saw a 15.5% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $901.4M. Of 6 comparable year-over-year steps, 6 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $901.4M | $157M | $259.3M | +15.5% | DigitalOcean Holdings, Inc. annual report (SEC EDGAR, filed 2026-02-24) Fiscal year ended 2025-12-31. |
| FY2024 | $780.6M | $91M | $84.5M | +12.7% | DigitalOcean Holdings, Inc. annual report (SEC EDGAR, filed 2026-02-24) Fiscal year ended 2024-12-31. |
| FY2023 | $692.9M | $11.9M | $19.4M | +20.2% | DigitalOcean Holdings, Inc. annual report (SEC EDGAR, filed 2026-02-24) Fiscal year ended 2023-12-31. |
| FY2022 | $576.3M | -$25.7M | -$27.8M | +34.5% | DigitalOcean Holdings, Inc. annual report (SEC EDGAR, filed 2025-02-25) Fiscal year ended 2022-12-31. |
| FY2021 | $428.6M | -$11.2M | -$19.5M | +34.6% | DigitalOcean Holdings, Inc. annual report (SEC EDGAR, filed 2024-02-21) Fiscal year ended 2021-12-31. |
| FY2020 | $318.4M | -$15.8Mfiling | -$43.6M | +24.9% | DigitalOcean Holdings, Inc. annual report (SEC EDGAR, filed 2023-08-11) Fiscal year ended 2020-12-31. |
| FY2019 | $254.8M | -$29.9M | -$40.4M | — | DigitalOcean Holdings, Inc. annual report (SEC EDGAR, filed 2022-02-25) Fiscal year ended 2019-12-31. |
Click any row to see year details.
DigitalOcean balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $309.6M | $129.1M | $1.8B | $1.9B | -$28.7M | $180.5M | Form 10-K |
| FY2024ended Dec 31, 2024 | $282.7M | $178.2M | $1.6B | $1.8B | -$203M | $104.6M | Form 10-K |
| FY2023ended Dec 31, 2023 | $234.9M | $119.3M | $1.5B | $1.8B | -$313.7M | $115.6M | Form 10-K |
| FY2022ended Dec 31, 2022 | $195.2M | $106.4M | $1.8B | $1.8B | $47.6M | $88.8M | Form 10-K |
| FY2021ended Dec 31, 2021 | $133.1M | $97.1M | $2.1B | $1.5B | $578.2M | $36M | Form 10-K |
| FY2020ended Dec 31, 2020 | $58.5M | $98.4M | $430.3M | $329.3M | -$72.1M | -$39.9M | Form 10-K |
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DigitalOcean Revenue and Financial FAQ
What is DigitalOcean's annual revenue?
DigitalOcean reported revenue of $901.4 million for 2025, up from $780.6 million in 2024 and $692.9 million in 2023.
Is DigitalOcean profitable?
Yes. DigitalOcean reported net income of $259 million in 2025 and $35 million in Q2 2026. Adjusted EBITDA was $375 million in 2025 (42% margin) and $114 million in Q2 2026 (40% margin).
What is DigitalOcean's ARR?
Annual run-rate revenue was $1.125 billion at the end of Q2 2026, up 29%, after a record $93 million of incremental ARR in the quarter.
How much free cash flow does DigitalOcean generate?
Adjusted free cash flow was $168 million in 2025 (19% of revenue) and $61 million in Q2 2026 (22% margin).
What is DigitalOcean's revenue guidance for 2026?
In August 2026 DigitalOcean raised its 2026 outlook to roughly 30% revenue growth, with growth of 35% or more expected by Q4 2026.
How much cash does DigitalOcean have?
DigitalOcean had $767 million in cash and cash equivalents as of June 30, 2026, after repurchasing about $472 million of its 2030 convertible notes funded by a registered direct offering.
What is DigitalOcean's remaining performance obligation?
RPO was $894 million at June 30, 2026, up from $71 million a year earlier, with $366 million expected to be recognized over the next 12 months.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "DigitalOcean Revenue & Financials." CorpDigest, https://corpdigest.com/company/digitalocean/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>DigitalOcean reported $901.4M in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/digitalocean/financials" target="_blank" rel="noopener">CorpDigest — DigitalOcean financials</a></div>Related Financial Audits
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