DOCN financial statements

The full income statement, balance sheet, and cash-flow statement for DigitalOcean Holdings Inc. (DOCN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 92.1M2024-09 92.3M2024-12 92.1M2025-03 91.0M2025-06 91.0M2025-09 91.5M2025-12 92.0M2026-03 104.4M2026-06 117.6M+27.7% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	901M YoY+15.5%	781M YoY+12.7%	693M YoY+20.2%	576M YoY+34.5%	429M YoY+34.6%
	540M YoY+15.8%	466M YoY+17.2%	397M YoY+9.1%	364M YoY+41.3%	258M YoY+49.2%
Cost of revenue	362M YoY+15.0%	315M YoY+6.5%	295M YoY+39.4%	212M YoY+24.2%	171M YoY+17.2%
	383M YoY+2.0%	375M YoY-2.8%	386M YoY-1.2%	390M YoY+44.9%	269M YoY+42.7%
Research & development	162M YoY+13.4%	142M YoY+4.1%	137M YoY-4.8%	144M YoY+24.4%	116M YoY+54.3%
Selling, general & administrative	139M YoY-13.9%	161M YoY-1.2%	163M YoY-1.5%	165M YoY+61.0%	103M YoY+27.9%
General & administrative	139M YoY-13.9%	161M YoY-1.2%	163M YoY-1.5%	165M YoY+61.0%	103M YoY+27.9%
Selling & marketing	82.4M YoY+15.2%	71.6M YoY+10.0%	65.1M YoY-19.7%	81.0M YoY+59.2%	50.9M YoY+52.0%
Restructuring	0.00	0.00 YoY-100.0%	20.9M	0.00	0.00
Amortization of intangibles	20.1M YoY-10.6%	22.4M YoY+18.2%	19.0M YoY+201.0%	6.30M YoY+876.9%	645K YoY+96.0%
Provision for credit losses	18.0M YoY+9.4%	16.4M YoY+7.1%	15.4M YoY-7.2%	16.6M YoY+79.8%	9.21M YoY-17.0%
Operating income	157M YoY+72.5%	91.0M YoY+665.0%	11.9M YoY+146.3%	-25.7M YoY-129.7%	-11.2M YoY+29.2%
Interest expense	17.9M YoY+96.9%	9.11M YoY+1.9%	8.95M YoY+6.5%	8.40M YoY+124.3%	3.74M YoY-72.5%
Interest & investment income	11.3M YoY-43.1%	19.9M YoY-16.4%	23.8M YoY+100.0%	11.9M YoY+9559.3%	123K YoY+925.0%
Other non-operating income	19.5M YoY+23.4%	15.8M YoY-33.7%	23.8M YoY+124.4%	10.6M YoY+6372.6%	164K YoY+101.3%
Pre-tax income	207M YoY+111.5%	97.7M YoY+264.9%	26.8M YoY+212.1%	-23.9M YoY-31.2%	-18.2M YoY+57.3%
Income tax	-52.6M YoY-498.3%	13.2M YoY+79.3%	7.37M YoY+88.0%	3.92M YoY+201.0%	1.30M YoY+42.9%
	259M YoY+206.8%	84.5M YoY+335.3%	19.4M YoY+169.8%	-27.8M YoY-42.6%	-19.5M YoY+55.2%
Net income to common	259M YoY+206.8%	84.5M YoY+335.3%	19.4M YoY+169.8%	-27.8M YoY-42.6%	-19.5M YoY+55.2%
	$2.52 YoY+183.1%	$0.89 YoY+345.0%	$0.20 YoY+171.4%	-$0.28 YoY-33.3%	-$0.21 YoY+80.0%
EPS (basic)	$2.83 YoY+207.6%	$0.92 YoY+318.2%	$0.22 YoY+178.6%	-$0.28 YoY-33.3%	-$0.21 YoY+80.0%
	91.5M YoY-0.2%	91.6M YoY+1.7%	90.1M YoY-10.6%	101M YoY+8.1%	93.2M YoY+123.8%
	105M YoY+11.5%	94.5M YoY-2.0%	96.4M YoY-4.4%	101M YoY+8.1%	93.2M YoY+123.8%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	427M YoY-21.2%	542M YoY+7.7%	503M YoY-46.8%	946M YoY-46.6%	1.77B YoY+1096.4%
Cash & equivalents	254M YoY-40.6%	428M YoY+35.1%	317M YoY+125.4%	141M YoY-91.8%	1.71B YoY+1608.1%
Short-term investments	—	0.00 YoY-100.0%	94.5M YoY-86.9%	723M	0.00
Accounts receivable	90.9M YoY+25.4%	72.5M YoY+16.6%	62.2M YoY+15.5%	53.8M YoY+35.9%	39.6M YoY+41.0%
Prepaid expenses	81.6M YoY+100.1%	40.8M YoY+40.4%	29.0M YoY+4.0%	27.9M YoY+63.8%	17.1M YoY-12.8%
Other current assets	5.15M YoY+219.9%	1.61M YoY+17.8%	1.37M	—	—
	1.84B YoY+12.1%	1.64B YoY+12.2%	1.46B YoY-19.5%	1.82B YoY-13.6%	2.10B YoY+388.3%
Property, plant & equipment	589M YoY+36.2%	433M YoY+41.6%	305M YoY+11.8%	273M YoY+9.4%	250M YoY+4.5%
Operating lease right-of-use	271M YoY+44.2%	188M YoY+21.1%	155M YoY+1.0%	154M	0.00
Goodwill	349M YoY+0.0%	349M YoY+0.1%	348M YoY+10.5%	315M YoY+879.7%	32.2M YoY+1103.1%
Intangible assets	99.5M YoY-15.5%	118M YoY-16.0%	140M YoY+17.8%	119M YoY+177.1%	42.9M YoY+23.9%
Deferred tax assets	90.3M YoY+45055.0%	200K YoY-90.0%	1.99M YoY+165.5%	751K YoY+753.4%	88.0K YoY+7.3%
Other non-current assets	12.1M YoY+42.1%	8.54M YoY+66.9%	5.11M YoY-14.6%	5.99M YoY+46.6%	4.08M YoY+10.0%
	619M YoY+180.4%	221M YoY+14.7%	193M YoY+16.4%	166M YoY+184.2%	58.2M YoY-31.3%
Accounts payable	38.8M YoY-28.8%	54.6M YoY+1278.9%	3.96M YoY-81.3%	21.1M YoY+67.0%	12.7M YoY+1.8%
Accrued liabilities	42.7M YoY+11.9%	38.2M YoY+22.9%	31.0M YoY-8.7%	34.0M YoY+6.5%	31.9M YoY+18.1%
Deferred revenue	5.88M YoY+9.0%	5.40M YoY+1.1%	5.34M YoY-3.8%	5.55M YoY+15.0%	4.83M YoY-1.0%
Short-term & current debt	325M	0.00	—	—	0.00 YoY-100.0%
Current lease liability	108M YoY+42.6%	75.8M YoY-6.8%	81.3M YoY+41.6%	57.4M	0.00
Other current liabilities	67.5M YoY+55.2%	43.5M YoY-38.7%	71.0M YoY+49.7%	47.4M YoY+435.8%	8.85M YoY-61.5%
Finance lease liability (current)	31.4M YoY+784.8%	3.55M YoY-32.0%	5.22M	0.00	—
	1.87B YoY+1.3%	1.84B YoY+3.8%	1.77B YoY+0.4%	1.77B YoY+16.1%	1.52B YoY+362.5%
Long-term debt	971M YoY-34.7%	1.49B YoY+0.5%	1.48B YoY+0.5%	1.47B YoY+0.5%	1.46B YoY+503.9%
Non-current lease liability	167M YoY+28.0%	130M YoY+43.1%	91.2M YoY-15.4%	108M	0.00
Operating lease liability (total)	275M YoY+33.3%	206M YoY+19.6%	172M YoY+4.5%	165M	—
Finance lease liability (total)	131M YoY+2708.0%	4.65M YoY-52.3%	9.74M	—	—
Finance lease liability	99.1M	—	4.52M	—	—
Deferred tax liabilities	4.09M YoY-0.8%	4.12M YoY+16.7%	3.53M YoY-83.0%	20.8M YoY+4830.4%	421K YoY+99.5%
Other non-current liabilities	6.19M	0.00 YoY-100.0%	9.53M YoY+149.0%	3.83M YoY+161.7%	1.46M YoY-29.1%
	-28.7M YoY+85.9%	-203M YoY+35.3%	-314M YoY-759.5%	47.6M YoY-91.8%	578M YoY+902.0%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	2.00K YoY+0.0%	2.00K YoY+0.0%	2.00K YoY+0.0%	2.00K YoY+0.0%	2.00K YoY+100.0%
Additional paid-in capital	16.0M YoY-72.1%	57.3M YoY+84.8%	31.0M YoY-88.3%	264M YoY-65.7%	770M YoY+671.4%
Retained earnings	-43.7M YoY+83.1%	-259M YoY+24.8%	-344M YoY-60.6%	-214M YoY-14.9%	-187M YoY-11.7%
Treasury stock	—	—	—	0.00 YoY-100.0%	4.60M YoY+0.0%
Accumulated other comprehensive income	-960K YoY+35.9%	-1.50M YoY-231.2%	-452K YoY+77.9%	-2.05M YoY-447.6%	-374K YoY-52.7%
Total liabilities & equity	1.84B YoY+12.1%	1.64B YoY+12.2%	1.46B YoY-19.5%	1.82B YoY-13.6%	2.10B YoY+388.3%
	91.9M YoY-0.3%	92.2M YoY+2.2%	90.2M YoY-6.7%	96.7M YoY-11.4%	109M YoY+141.0%
	91.9M YoY-0.3%	92.2M YoY+2.2%	90.2M YoY-6.7%	96.7M YoY-9.8%	107M YoY+147.4%
	92.0M YoY-0.1%	92.1M YoY+1.4%	90.8M YoY-6.4%	97.0M YoY-9.9%	108M
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	310M YoY+9.5%	283M YoY+20.3%	235M YoY+20.4%	195M YoY+46.6%	133M YoY+127.7%
Depreciation & amortization	137M YoY+5.7%	130M YoY+10.3%	118M YoY+15.3%	102M YoY+15.7%	88.4M YoY+16.9%
Intangible amortization	20.1M YoY-10.6%	22.4M YoY+18.2%	19.0M YoY+201.0%	6.30M YoY+876.9%	645K YoY+96.0%
Share-based compensation	80.3M YoY-11.3%	90.5M YoY+2.5%	88.3M YoY-16.5%	106M YoY+71.9%	61.6M YoY+109.0%
Deferred income taxes	-70.3M YoY-2866.7%	2.54M YoY+1383.3%	-198K YoY+89.0%	-1.80M YoY-10717.6%	17.0K YoY-76.1%
Change in receivables	36.2M YoY+35.4%	26.7M YoY+18.0%	22.7M YoY-14.9%	26.6M YoY+28.8%	20.7M YoY+12.1%
	-268M YoY-183.0%	-94.8M YoY-123.6%	401M YoY+134.9%	-1.15B YoY-910.7%	-114M YoY+1.8%
Capital expenditure	129M YoY-27.5%	178M YoY+49.3%	119M YoY+12.1%	106M YoY+9.6%	97.1M YoY-1.3%
Free cash flow	181M YoY+72.6%	105M YoY-9.6%	116M YoY+30.3%	88.8M YoY+146.3%	36.0M YoY+190.3%
Acquisitions	0.00	0.00 YoY-100.0%	99.0M YoY-67.6%	305M YoY+6003.4%	5.00M
Proceeds from sale of PP&E	230K YoY+434.9%	43.0K YoY-81.8%	236K YoY-75.9%	981K YoY+98.6%	494K YoY+185.5%
	-217M YoY-183.7%	-76.4M YoY+83.7%	-469M YoY+23.2%	-610M YoY-138.3%	1.59B YoY+1184.7%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	82.1M YoY+37.4%	59.8M YoY-87.8%	488M YoY-18.6%	600M YoY+71.4%	350M
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	30.0K YoY+111.4%	-264K YoY-1660.0%	-15.0K YoY+94.0%	-249K YoY-5080.0%	5.00K YoY+102.5%
Net change in cash	-176M YoY-257.9%	111M YoY-33.5%	167M YoY+110.7%	-1.56B YoY-196.9%	1.61B YoY+2319.9%
Interest paid	9.69M YoY+824.4%	1.05M YoY+14.4%	916K YoY+92.8%	475K YoY-79.7%	2.34M YoY-81.1%
Income taxes paid	6.28M YoY-68.1%	19.7M YoY+622.3%	2.72M YoY-40.4%	4.57M YoY+395.9%	921K YoY+52.2%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	4.43B YoY+41.1%	3.14B YoY-0.6%	3.16B YoY+28.7%	2.45B YoY-71.6%	8.64B
P/E	17.1× YoY-54.0%	37.1×	—	—	—
P/S	4.9× YoY+22.2%	4.0× YoY-14.0%	4.7× YoY+1.6%	4.6× YoY-77.2%	20.2×
P/B	—	—	—	90.8× YoY+507.4%	15.0×
P/FCF	24.5× YoY-18.3%	30.0× YoY+17.4%	25.6× YoY-42.9%	44.8× YoY-81.3%	239.9×
	5.9% YoY+117.4%	2.7%	—	—	—
	4.1% YoY+22.3%	3.3% YoY-14.8%	3.9% YoY+75.2%	2.2% YoY+435.8%	0.42%
Source filing	10-K	10-K	10-K	10-K/A	10-K

About this data

Source: DOCN's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DOCN filings on SEC EDGAR → Not investment advice.