Financial Snapshot

Revenue
$756.6M
TTM
Gross Margin
60.17%
TTM
Net Earnings
$82.16M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
313.62%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$211.7M
Q3 2024
Cash
Q3 2024
P/E
44.87
Nov 29, 2024 EST
Free Cash Flow
$100.4M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $692.9M $576.3M $428.6M $318.4M $254.8M $203.1M
YoY Change 20.23% 34.48% 34.61% 24.94% 25.47%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $692.9M $576.3M $428.6M $318.4M $254.8M $203.1M
Cost Of Revenue $284.0M $211.9M $170.6M $145.5M $122.3M $97.00M
Gross Profit $408.9M $364.4M $258.0M $172.8M $132.6M $106.1M
Gross Profit Margin 59.02% 63.23% 60.19% 54.29% 52.02% 52.24%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $235.8M $246.7M $153.5M $113.7M $102.5M $88.50M
YoY Change -4.44% 60.77% 35.01% 10.9% 15.81%
% of Gross Profit 57.66% 67.71% 59.49% 65.76% 77.32% 83.41%
Research & Development $140.4M $143.9M $115.7M $74.97M $59.97M $44.90M
YoY Change -2.45% 24.38% 54.31% 25.01% 33.57%
% of Gross Profit 34.33% 39.49% 44.84% 43.37% 45.24% 42.32%
Depreciation & Amortization $117.9M $102.2M $88.37M $75.57M $63.08M $52.42M
YoY Change 15.29% 15.68% 16.93% 19.8% 20.34%
% of Gross Profit 28.82% 28.06% 34.26% 43.72% 47.59% 49.41%
Operating Expenses $397.0M $390.6M $269.2M $188.6M $162.5M $133.4M
YoY Change 1.64% 45.13% 42.68% 16.11% 21.79%
Operating Profit $11.90M -$26.22M -$11.19M -$15.79M -$29.91M -$27.30M
YoY Change -145.37% 134.39% -29.16% -47.2% 9.54%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $8.945M $8.396M $3.744M $13.61M $9.356M -$6.300M
YoY Change 6.54% 124.25% -72.49% 45.47% -248.51%
% of Operating Profit 75.19%
Other Income/Expense, Net $14.88M $1.812M -$7.015M -$26.87M -$9.692M -$600.0K
YoY Change 721.19% -125.83% -73.89% 177.2% 1515.33%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $26.78M -$24.41M -$18.20M -$42.66M -$39.60M -$34.80M
YoY Change -209.71% 34.1% -57.33% 7.73% 13.78%
Income Tax $7.367M -$124.0K $1.302M $911.0K $793.0K $1.200M
% Of Pretax Income 27.51%
Net Earnings $19.41M -$24.28M -$19.50M -$43.57M -$40.39M -$36.00M
YoY Change -179.93% 24.51% -55.24% 7.87% 12.19%
Net Earnings / Revenue 2.8% -4.21% -4.55% -13.68% -15.85% -17.73%
Basic Earnings Per Share $0.22 -$0.24 -$0.21 -$1.05 -$1.06
Diluted Earnings Per Share $0.20 -$0.24 -$0.21 -$1.05 -$1.06 -$405.4K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $411.8M $864.2M $1.713B $100.3M $32.90M $30.00M
YoY Change -52.35% -49.56% 1608.26% 204.86% 9.67%
Cash & Equivalents $317.2M $140.8M $1.713B $100.3M $32.90M $30.00M
Short-Term Investments $94.53M $723.5M
Other Short-Term Assets $29.04M $28.49M $17.05M $9.400M $3.700M $4.100M
YoY Change 1.95% 67.07% 81.38% 154.05% -9.76%
Inventory
Prepaid Expenses
Receivables $62.19M $53.83M $39.62M $26.80M $20.70M $16.40M
Other Receivables $0.00 $0.00 $0.00 $11.50M $3.300M $0.00
Total Short-Term Assets $503.0M $946.6M $1.770B $148.0M $60.60M $50.50M
YoY Change -46.86% -46.52% 1095.98% 144.22% 20.0%
Property, Plant & Equipment $460.6M $427.7M $249.6M $239.0M $205.9M $175.4M
YoY Change 7.71% 71.31% 4.45% 16.08% 17.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.855M $9.039M $6.211M $6.000M $3.400M $4.000M
YoY Change -2.04% 45.53% 3.52% 76.47% -15.0%
Total Long-Term Assets $958.0M $869.4M $330.9M $282.3M $241.9M $194.6M
YoY Change 10.19% 162.69% 17.23% 16.7% 24.31%
Total Assets $1.461B $1.816B $2.101B $430.3M $302.5M $245.1M
YoY Change
Accounts Payable $3.957M $21.14M $12.66M $12.40M $27.20M $13.70M
YoY Change -81.28% 67.01% 2.07% -54.41% 98.54%
Accrued Expenses $112.4M $91.67M $31.91M $27.00M $15.80M $12.00M
YoY Change 22.58% 187.3% 18.17% 70.89% 31.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.221M $0.00 $17.50M $15.20M $24.10M
YoY Change -100.0% 15.13% -36.93%
Total Short-Term Liabilities $192.6M $164.3M $58.24M $84.80M $72.50M $63.50M
YoY Change 17.27% 182.06% -31.32% 16.97% 14.17%
Long-Term Debt $1.478B $1.470B $1.463B $242.2M $175.9M $111.8M
YoY Change 0.51% 0.52% 503.91% 37.69% 57.33%
Other Long-Term Liabilities $100.7M $112.1M $1.462M $2.100M $2.900M $3.300M
YoY Change -10.15% 7565.46% -30.38% -27.59% -12.12%
Total Long-Term Liabilities $1.578B $1.582B $1.464B $244.3M $178.8M $115.1M
YoY Change -0.24% 8.07% 499.32% 36.63% 55.34%
Total Liabilities $1.775B $1.765B $1.523B $329.3M $251.5M $178.7M
YoY Change 0.56% 15.89% 362.43% 30.93% 40.74%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 90.14M shares 100.8M shares 93.22M shares 41.66M shares 38.00M shares
Diluted Shares Outstanding 96.42M shares 100.8M shares 93.22M shares 41.66M shares 38.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $3.6867 Billion

About DigitalOcean Holdings, Inc.

DigitalOcean Holdings, Inc. engages in providing cloud infrastructure. The company is headquartered in New York City, New York and currently employs 1,156 full-time employees. The company went IPO on 2021-03-24. The Company’s platform simplifies cloud computing, enabling its customers to rapidly accelerate and increase their productivity and agility. The firm offers mission-critical solutions across Infrastructure-as-a-Service (IaaS), including Droplet virtual machines, storage and networking offerings; Platform-as-a-Service (PaaS), including Managed Database and Managed Kubernetes offerings; Software-as-a-Service (SaaS), including Managed Hosting and Marketplace offerings; and artificial intelligence and machine learning (AI/ML), including Machines, Notebooks and Deployments offerings. With its mission-critical infrastructure and fully managed offerings, it helps developers at startups and growing digital businesses rapidly build, deploy and scale, whether creating a digital presence or building digital products.

Industry: Services-Computer Programming, Data Processing, Etc. Peers: AKAMAI TECHNOLOGIES INC BigCommerce Holdings, Inc. GoDaddy Inc. AGRI-FINTECH HOLDINGS, INC. Okta, Inc. Snowflake Inc. SolarWinds Corp Squarespace, Inc. Switch, Inc. TWILIO INC