DigitalOcean (DOCN) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
780.6M
Gross Profit
465.9M
59.69%
Operating Income
91.0M
11.66%
Net Income
84.5M
10.82%
EPS (Diluted)
$0.89
Balance Sheet Metrics
Total Assets
1.6B
Total Liabilities
1.8B
Shareholders Equity
-203.0M
Cash Flow Metrics
Operating Cash Flow
268.0M
Free Cash Flow
96.2M
Revenue & Profitability Trend
DigitalOcean Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 780.6M | 692.9M | 576.3M | 428.6M | 318.4M |
| Cost of Goods Sold | 314.7M | 284.0M | 211.9M | 170.6M | 145.5M |
| Gross Profit | 465.9M | 408.9M | 364.4M | 258.0M | 172.8M |
| Operating Expenses | 374.9M | 376.1M | 390.1M | 269.2M | 188.6M |
| Operating Income | 91.0M | 32.8M | -25.7M | -11.2M | -15.8M |
| Pre-tax Income | 97.7M | 26.8M | -23.9M | -18.2M | -42.7M |
| Income Tax | 13.2M | 7.4M | 3.9M | 1.3M | 911.0K |
| Net Income | 84.5M | 19.4M | -27.8M | -19.5M | -43.6M |
| EPS (Diluted) | $0.89 | $0.20 | -$0.24 | -$0.21 | -$0.41 |
Income Statement Trend
DigitalOcean Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 541.7M | 503.0M | 946.0M | 1.8B | 148.0M |
| Non-Current Assets | 1.1B | 958.0M | 869.6M | 330.9M | 282.3M |
| Total Assets | 1.6B | 1.5B | 1.8B | 2.1B | 430.3M |
| Liabilities | |||||
| Current Liabilities | 221.0M | 192.6M | 165.5M | 58.2M | 84.8M |
| Non-Current Liabilities | 1.6B | 1.6B | 1.6B | 1.5B | 417.6M |
| Total Liabilities | 1.8B | 1.8B | 1.8B | 1.5B | 502.3M |
| Equity | |||||
| Total Shareholders Equity | -203.0M | -313.7M | 47.6M | 578.2M | -72.1M |
Balance Sheet Composition
DigitalOcean Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 84.5M | 19.4M | -27.8M | -19.5M | -43.6M |
| Operating Cash Flow | 268.0M | 237.2M | 178.6M | 110.2M | 41.9M |
| Investing Activities | |||||
| Capital Expenditures | 43.0K | 236.0K | 981.0K | 494.0K | 173.0K |
| Investing Cash Flow | 91.7M | 526.0M | -1.0B | -4.5M | 173.0K |
| Financing Activities | |||||
| Dividends Paid | - | - | - | - | - |
| Financing Cash Flow | -93.6M | -512.3M | -629.8M | 1.5B | 25.6M |
| Free Cash Flow | 96.2M | 110.1M | 74.9M | 24.0M | -57.3M |
Cash Flow Trend
DigitalOcean Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
24.21
Forward P/E
14.79
Price to Book
-12.17
Price to Sales
3.09
PEG Ratio
14.79
Profitability Ratios
Profit Margin
13.46%
Operating Margin
17.86%
Return on Equity
-41.63%
Return on Assets
4.89%
Financial Health
Current Ratio
2.42
Debt to Equity
-8.27
Beta
1.78
Per Share Data
EPS (TTM)
$1.13
Book Value per Share
-$2.31
Revenue per Share
$8.77
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| docn | 2.5B | 24.21 | -12.17 | -41.63% | 13.46% | -8.27 |
| Microsoft | 3.6T | 36.91 | 11.04 | 33.61% | 35.79% | 32.63 |
| Oracle | 581.5B | 47.60 | 28.42 | 82.38% | 21.68% | 505.59 |
| Wix.com | 9.0B | 64.23 | -52.79 | -175.57% | 8.16% | -5.71 |
| Shift4 Payments | 8.2B | 32.04 | 8.00 | 29.87% | 6.50% | 283.66 |
| Dropbox | 7.8B | 18.89 | -7.75 | -60.11% | 18.50% | -2.80 |
Financial data is updated regularly. All figures are in the company's reporting currency.