$DOCN
DigitalOcean Holdings, Inc. Stock $docn

$docn Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000158296124000122 Filed on August 08, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$198.5M	$192.5M
YoY Change	12.1%	13.35%
Cost Of Revenue	$79.04M	$75.14M
YoY Change	12.39%	11.56%
Gross Profit	$119.4M	$117.3M
YoY Change	11.91%	14.52%
Gross Profit Margin	60.18%	60.96%
Selling, General & Admin	$57.46M	$60.97M
YoY Change	47.03%	-6.14%
% of Gross Profit	48.11%	51.96%
Research & Development	$37.38M	$34.04M
YoY Change	14.56%	-11.74%
% of Gross Profit	31.29%	29.01%
Depreciation & Amortization	$28.68M	$25.98M
YoY Change	25.15%	19.88%
% of Gross Profit	24.01%	22.14%
Operating Expenses	$94.84M	$95.01M
YoY Change	33.07%	-8.61%
Operating Profit	$24.61M	$22.33M
YoY Change	-30.62%	-1587.54%
Interest Expense	-$2.262M	$2.702M
YoY Change	-196.96%	27.94%
% of Operating Profit	-9.19%	12.1%
Other Income/Expense, Net	$5.035M	$2.481M
YoY Change	205.89%	-54.74%
Pretax Income	$29.64M	$24.81M
YoY Change	-20.14%	523.19%
Income Tax	-$3.308M	$5.671M
% Of Pretax Income	-11.16%	22.86%
Net Earnings	$32.95M	$19.14M
YoY Change	71.83%	2777.89%
Net Earnings / Revenue	16.6%	9.94%
Basic Earnings Per Share	$0.36	$0.21
Diluted Earnings Per Share	$0.33	$0.20
COMMON SHARES
Basic Shares Outstanding	92.06M shares	91.09M shares
Diluted Shares Outstanding	102.6M shares	93.83M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$439.9M	$443.1M
YoY Change	14.53%	-19.51%
Cash & Equivalents	$439.9M	$443.1M
Short-Term Investments	$0.00	$0.00
Other Short-Term Assets	$5.048M	$33.18M
YoY Change	-81.4%	-3.83%
Inventory
Prepaid Expenses	$18.77M
Receivables	$68.94M	$67.44M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$552.0M	$543.7M
YoY Change	17.08%	-15.32%
LONG-TERM ASSETS
Property, Plant & Equipment	$371.0M	$367.4M
YoY Change	30.26%	35.73%
Goodwill	$348.7M	$348.7M
YoY Change	0.1%	17.57%
Intangibles	$123.1M	$128.7M
YoY Change	-15.61%	13.03%
Long-Term Investments
YoY Change
Other Assets	$6.476M	$6.139M
YoY Change	9.91%	12.35%
Total Long-Term Assets	$974.5M	$993.1M
YoY Change	2.18%	16.04%
TOTAL ASSETS
Total Short-Term Assets	$552.0M	$543.7M
Total Long-Term Assets	$974.5M	$993.1M
Total Assets	$1.526B	$1.537B
YoY Change	7.11%	2.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.95M	$9.465M
YoY Change	-9.51%	-1.35%
Accrued Expenses	$28.07M	$55.84M
YoY Change	13.26%	100.24%
Deferred Revenue	$5.575M	$6.803M
YoY Change	9.44%	36.47%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$176.0M	$220.2M
YoY Change	-4.49%	31.58%
LONG-TERM LIABILITIES
Long-Term Debt	$1.483B	$1.482B
YoY Change	0.51%	0.51%
Other Long-Term Liabilities	$1.627M	$2.342M
YoY Change	-83.46%	-57.38%
Total Long-Term Liabilities	$1.485B	$1.484B
YoY Change	-0.04%	0.3%
TOTAL LIABILITIES
Total Short-Term Liabilities	$176.0M	$220.2M
Total Long-Term Liabilities	$1.485B	$1.484B
Total Liabilities	$1.738B	$1.791B
YoY Change	-2.56%	1.42%
SHAREHOLDERS EQUITY
Retained Earnings	-$277.0M	-$310.0M
YoY Change	-22.57%	16.25%
Common Stock	$2.000K	$2.000K
YoY Change	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$211.7M	-$253.8M
YoY Change
Total Liabilities & Shareholders Equity	$1.526B	$1.537B
YoY Change	7.11%	2.6%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$32.95M	$19.14M
YoY Change	71.83%	2777.89%
Depreciation, Depletion And Amortization	$28.68M	$25.98M
YoY Change	25.15%	19.88%
Cash From Operating Activities	$73.35M	$71.34M
YoY Change	35.71%	11.12%
INVESTING ACTIVITIES
Capital Expenditures	$59.80M	$34.35M
YoY Change	179.31%	39.64%
Acquisitions
YoY Change
Other Investing Activities	$42.00K	$0.00
YoY Change	-99.84%	-100.0%
Cash From Investing Activities	-$59.76M	-$34.35M
YoY Change	-1411.3%	-125.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-16.83M	-12.95M
YoY Change	-84.47%	-87.16%
NET CHANGE
Cash From Operating Activities	73.35M	71.34M
Cash From Investing Activities	-59.76M	-34.35M
Cash From Financing Activities	-16.83M	-12.95M
Net Change In Cash	-3.230M	24.04M
YoY Change	-93.51%	-75.74%
FREE CASH FLOW
Cash From Operating Activities	$73.35M	$71.34M
Capital Expenditures	$59.80M	$34.35M
Free Cash Flow	$13.56M	$36.99M
YoY Change	-58.47%	-6.6%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
	docn	Noncash Interest Expense NoncashInterestExpense	3988000	usd
	docn	Noncash Interest Expense NoncashInterestExpense	3969000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	356000	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	553000	usd
CY2024Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q2	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	2231000	usd
CY2024Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	7834000	usd
CY2024Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	22695000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	14000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	19138000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	-253784000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	-202608000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	-759000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	2797000	usd
CY2023Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	104048000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	36643000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-269000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	665000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-267579000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	-313698000	usd
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	-5844000	usd
	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	2231000	usd
	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	15707000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	46082000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-125000	usd
	us-gaap	Net Income Loss NetIncomeLoss	33277000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	-253784000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	47569000	usd
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	702000	usd
	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	2797000	usd
	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	372608000	usd
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	68566000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	1100000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-267579000	usd
	us-gaap	Net Income Loss NetIncomeLoss	33277000	usd
	us-gaap	Net Income Loss NetIncomeLoss	-15705000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	65016000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	56531000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	44710000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	67960000	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	7985000	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	7551000	usd
	docn	Increase Decrease In Operating Lease Right Of Use Asset IncreaseDecreaseInOperatingLeaseRightOfUseAsset	-1423000	usd
	docn	Increase Decrease In Operating Lease Right Of Use Asset IncreaseDecreaseInOperatingLeaseRightOfUseAsset	-6848000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-2569000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	2689000	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	0	usd
	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-1589000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-361000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	464000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	13234000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	10795000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	4346000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	6173000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-3655000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-14900000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	1462000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-565000	usd
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	1879000	usd
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-6666000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	138033000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	100376000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	75534000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	46848000	usd
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	4046000	usd
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	2895000	usd
	docn	Payments For Asset Acquisition PaymentsForAssetAcquisition	0	usd
	docn	Payments For Asset Acquisition PaymentsForAssetAcquisition	2500000	usd
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	0	usd
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	318238000	usd
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	91675000	usd
	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	614044000	usd
	docn	Payments For Interest Available For Sale PaymentsForInterestAvailableForSale	0	usd
	docn	Payments For Interest Available For Sale PaymentsForInterestAvailableForSale	151000	usd
	docn	Proceeds From Interest Available For Sale ProceedsFromInterestAvailableForSale	0	usd
	docn	Proceeds From Interest Available For Sale ProceedsFromInterestAvailableForSale	61000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	236000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	12095000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	243709000	usd
	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	7948000	usd
	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	11669000	usd
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans	2231000	usd
	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans	2797000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	2720000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	0	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	13469000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	10532000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	18183000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	368919000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-24193000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-364985000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-61000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-15000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	125874000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-20915000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	151807000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	444857000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	130892000	usd
	us-gaap	Interest Paid Net InterestPaidNet	571000	usd
	us-gaap	Interest Paid Net InterestPaidNet	252000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	8976000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1491000	usd
	docn	Payments For Operating Lease Operating Activity PaymentsForOperatingLeaseOperatingActivity	41158000	usd
	docn	Payments For Operating Lease Operating Activity PaymentsForOperatingLeaseOperatingActivity	31120000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	1372000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	607000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	39532000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	12242000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	26826000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	48674000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-indent:31.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of these condensed consolidated financial statements in conformity with U.S. GAAP requires management to make, on an ongoing basis, estimates, judgments and assumptions that affect the amounts reported and disclosed in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Such estimates include, but are not limited to, those related to revenue recognition, accounts receivable and related reserves, useful lives and realizability of long lived assets, capitalized internal-use software development costs, accounting for stock-based compensation including estimation of the probability of performance vesting conditions, the incremental borrowing rate used to determine lease liabilities, valuation allowances against deferred tax assets, fair value of financial instruments, and the fair value and useful lives of tangible and intangible assets acquired and liabilities assumed resulting from business combinations. Management bases its estimates on historical experience and on various other assumptions which management believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.</span></div>
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	120045000	usd
CY2024Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	0	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	9100000	usd
CY2024Q2	us-gaap	Restricted Cash RestrictedCash	1747000	usd
CY2023Q2	us-gaap	Restricted Cash RestrictedCash	1747000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	444857000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	130892000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	5848000	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	7985000	usd
	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	8347000	usd
CY2024Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	5486000	usd
CY2024Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	6803000	usd
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	5340000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	2934000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	2661000	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
CY2023Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	94544000	usd
CY2023	us-gaap	Available For Sale Debt Securities Gross Unrealized Gain AvailableForSaleDebtSecuritiesGrossUnrealizedGain	6000	usd
CY2023	us-gaap	Available For Sale Debt Securities Gross Unrealized Loss AvailableForSaleDebtSecuritiesGrossUnrealizedLoss	18000	usd
CY2023Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	94532000	usd
CY2024Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	5128000	usd
CY2023Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	6394000	usd
CY2024Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	842964000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	762053000	usd
CY2024Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	403183000	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	387083000	usd
CY2024Q2	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	72353000	usd
CY2023Q4	us-gaap	Capitalized Computer Software Accumulated Amortization CapitalizedComputerSoftwareAccumulatedAmortization	69526000	usd
CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	367428000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	305444000	usd
CY2024Q2	us-gaap	Depreciation Depreciation	25981000	usd
CY2023Q2	us-gaap	Depreciation Depreciation	21672000	usd
	us-gaap	Capitalized Computer Software Additions CapitalizedComputerSoftwareAdditions	5418000	usd
	us-gaap	Capitalized Computer Software Additions CapitalizedComputerSoftwareAdditions	3519000	usd
CY2024Q2	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	1413000	usd
CY2023Q2	us-gaap	Capitalized Computer Software Amortization1 CapitalizedComputerSoftwareAmortization1	2156000	usd
CY2024Q2	docn	Capital Expenditures Incurred But Not Yet Paid Current CapitalExpendituresIncurredButNotYetPaidCurrent	33787000	usd
CY2023Q4	docn	Capital Expenditures Incurred But Not Yet Paid Current CapitalExpendituresIncurredButNotYetPaidCurrent	3627000	usd
CY2024Q2	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	7612000	usd
CY2023Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	8931000	usd
CY2024Q2	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	2520000	usd
CY2023Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	6369000	usd
CY2024Q2	us-gaap	Other Sundry Liabilities Current OtherSundryLiabilitiesCurrent	11920000	usd
CY2023Q4	us-gaap	Other Sundry Liabilities Current OtherSundryLiabilitiesCurrent	12119000	usd
CY2024Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	55839000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	31046000	usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
	docn	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Aggregate Estimated Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodAggregateEstimatedFairValue	7211000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	36429000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	44710000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	67960000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-15705000	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	92327000	shares
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.17
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-15705000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	91318000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	89007000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	91049000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	92327000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	93832000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	96247000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	94005000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	92327000	shares
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.20
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.01
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.35
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.17
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	11839000	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	8947000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	10366000	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	9606000	shares
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5671000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5787000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.229
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.148
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3316000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-8165000	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.833
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.342
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false

Files In Submission

Name	View Source	Status
0001582961-24-000122-index-headers.html	Edgar Link	pending
0001582961-24-000122-index.html	Edgar Link	pending
0001582961-24-000122.txt	Edgar Link	pending
0001582961-24-000122-xbrl.zip	Edgar Link	pending
docn-20240630.htm	Edgar Link	pending
docn-20240630.xsd	Edgar Link	pending
exhibit101-2024xq2.htm	Edgar Link	pending
exhibit311-2024xq2.htm	Edgar Link	pending
exhibit312-2024xq2.htm	Edgar Link	pending
exhibit321-2024xq2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
docn-20240630_def.xml	Edgar Link	unprocessable
docn-20240630_lab.xml	Edgar Link	unprocessable
docn-20240630_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
docn-20240630_htm.xml	Edgar Link	completed
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
docn-20240630_cal.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$DOCN
DigitalOcean Holdings, Inc. Stock $docn

2024 Q3 Form 10-Q Financial Statement

#000158296124000122 Filed on August 08, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DOCN DigitalOcean Holdings, Inc. Stock $docn

2024 Q3 Form 10-Q Financial Statement

#000158296124000122 Filed on August 08, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$DOCN
DigitalOcean Holdings, Inc. Stock $docn