← DigitalOcean Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income attributable to common stockholders | ($40.4m) | ($43.6m) | ($19.5m) | ($24.3m) | $19.4m | $84.5m | $259.3m | |
| Depreciation and amortization | $63.1m | $75.6m | $88.4m | $102.2m | $117.9m | $130.1m | $137.4m | |
| Net accretion of discounts and amortization of premiums on investments | — | $0 | $0 | ($6.1m) | $1.9m | $2.6m | $0 | |
| Deferred income taxes | — | $71k | $17k | ($4.4m) | ($67k) | $2.3m | ($71.2m) | |
| Impairment of certain long-lived assets | $546k | $1.2m | $285k | $1.6m | $1.1m | $356k | $52k | |
| Gain on extinguishment of debt, net | $0 | $259k | $3.4m | $407k | $0 | $0 | ($48.1m) | |
| Operating lease right-of-use assets and liabilities, net | — | $0 | $0 | $11.4m | $5.7m | $324k | ($15.0m) | |
| Non-cash interest expense | $418k | $1.1m | $1.4m | $7.9m | $7.9m | $8.0m | $7.4m | |
| Operating cash flows paid for operating leases | $39.9m | $58.1m | $0 | $49.9m | $74.2m | $83.1m | $133.4m | |
| Operating right-of-use assets obtained in exchange for operating lease liabilities | — | — | $0 | $204.1m | $73.4m | $113.2m | $178.2m | |
| Stock-based compensation | $18.6m | $29.5m | $61.6m | $105.8m | $88.3m | $90.5m | $80.3m | |
| Provision for expected credit losses | $10.1m | $11.1m | $9.2m | $16.6m | $15.4m | $16.4m | $18.0m | |
| Release of VAT reserve | $0 | $0 | ($3.2m) | $0 | ($819k) | $0 | $0 | |
| Other | $427k | ($316k) | $121k | $166k | $627k | $4.9m | ($7.2m) | |
| Accounts receivable | ($14.4m) | ($17.1m) | ($20.7m) | ($26.6m) | ($22.7m) | ($26.7m) | ($36.2m) | |
| Prepaid expenses and other current assets | ($2.8m) | ($13.3m) | $1.1m | ($535k) | ($9.6m) | ($12.1m) | ($39.3m) | |
| Accounts payable and accrued expenses | $4.0m | $2.4m | $9.3m | $5.5m | ($11.1m) | $7.4m | $12.3m | |
| Deferred revenue | $795k | $567k | ($46k) | ($290k) | ($315k) | $57k | $485k | |
| Other assets and liabilities | ($808k) | ($2.0m) | $2.3m | ($3.6m) | $21.2m | ($25.9m) | $11.3m | |
| Acquisition of equipment under financing arrangements | — | — | — | — | — | $0 | ($126.8m) | |
| Purchase of intangible assets | ($14.1m) | ($5.1m) | ($5.6m) | ($4.9m) | $0 | $0 | $1.8m | |
| Cash paid for asset acquisitions | — | $0 | $0 | ($5.4m) | ($2.5m) | $0 | $0 | |
| Purchase of marketable securities | — | $0 | $0 | ($1.7b) | ($352.3m) | $0 | $0 | |
| Maturities of marketable securities | — | $0 | $0 | $956.8m | $979.6m | $91.7m | $0 | |
| Purchased interest on marketable securities | — | $0 | $0 | ($1.6m) | ($151k) | $0 | $0 | |
| Proceeds from interest on marketable securities | — | $0 | $0 | $1.5m | $151k | $0 | $0 | |
| Proceeds from sale of equipment | $44k | $173k | $494k | $981k | $236k | $43k | $230k | |
| Purchases of capped calls related to 2030 Convertible Notes | — | — | — | — | $0 | $0 | ($83.9m) | |
| Repayments of 2026 Convertible Notes including related costs | — | — | — | — | $0 | $0 | ($1.1b) | |
| Proceeds from financing arrangements | — | — | — | — | $0 | $0 | $126.8m | |
| Principal repayments of finance leases and financing arrangements | — | — | $0 | $0 | ($2.3m) | ($5.5m) | ($8.3m) | |
| Capitalized stock-based compensation | $567k | $526k | $916k | $1.7m | $1.4m | $2.8m | $2.2m | |
| Property and equipment received but not yet paid, included in accounts payable and accrued other expenses | $23.6m | $17.9m | $13.0m | $15.7m | $4.8m | $55.3m | $30.6m | |
| Finance right-of-use assets obtained in exchange for finance lease liabilities | — | — | $0 | $0 | $11.9m | $324k | $2.8m | |
| Net cash provided by operating activities | $39.9m | $58.1m | $133.1m | $195.2m | $234.9m | $282.7m | $309.6m | |
| Capital expenditures - property and equipment | ($53.5m) | ($98.2m) | ($97.1m) | ($106.4m) | ($119.3m) | ($178.2m) | ($129.1m) | |
| Capital expenditures - internal-use software | ($16.9m) | ($12.3m) | ($6.4m) | ($8.9m) | ($5.5m) | ($8.4m) | ($10.8m) | |
| Cash paid for acquisition of businesses, net of cash acquired | ($2.9m) | $0 | ($5.0m) | ($305.2m) | ($99.0m) | $0 | — | |
| Net cash (used in) provided by investing activities | ($87.4m) | ($115.5m) | ($113.6m) | ($1.1b) | $401.2m | ($94.8m) | ($268.3m) | |
| Proceeds from debt, net of issuance costs | — | — | — | — | $0 | $0 | $982.4m | |
| Proceeds related to issuance of common stock under equity incentive plan | $5.8m | $13.9m | $18.4m | $11.5m | $38.4m | $13.1m | $4.4m | |
| Proceeds from issuance of common stock under employee stock purchase plan | $0 | $0 | $5.0m | $7.9m | $5.0m | $4.1m | $4.7m | |
| Repurchase and retirement of common stock including related costs | $0 | $0 | ($350.0m) | ($600.0m) | ($488.5m) | ($59.8m) | ($82.1m) | |
| Net cash used in financing activities | $49.8m | $124.0m | $1.6b | ($610.4m) | ($468.9m) | ($76.4m) | ($216.9m) | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | — | ($200k) | $5k | ($249k) | ($15k) | ($264k) | $30k | |
| (Decrease) increase in cash, cash equivalents and restricted cash | $2.3m | $66.7m | $1.6b | ($1.6b) | $167.2m | $111.2m | ($175.6m) | |
| Cash, cash equivalents and restricted cash - beginning of period | $35.9m | $102.5m | $1.7b | $151.8m | $319.0m | $430.2m | $254.6m | |
| Cash paid for interest | $8.8m | $12.4m | $2.3m | $475k | $916k | $1.0m | $9.7m | |
| Employee payroll taxes paid related to net settlement of equity awards | $0 | $0 | ($3.2m) | ($28.3m) | ($21.6m) | ($28.3m) | ($29.4m) | |
| Cash paid for taxes, net of refunds | $306k | $605k | $921k | $4.6m | $2.7m | $19.7m | $6.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.