DigitalOcean Holdings, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $254.8m $318.4m $428.6m $576.3m $692.9m $780.6m $901.4m
Cost of revenue $122.3m $145.5m $170.6m $211.9m $284.0m $314.7m $361.8m
Gross profit $132.6m $172.8m $258.0m $364.4m $408.9m $465.9m $539.6m
Research and development $60.0m $75.0m $115.7m $143.9m $140.4m $142.5m $161.6m
Total operating expenses $162.5m $188.6m $269.2m $390.6m $397.0m $374.9m $382.6m
Income from operations ($29.9m) ($15.8m) ($11.2m) ($26.2m) $11.9m $91.0m $157.0m
Sales and marketing $31.3m $33.5m $50.9m $81.5m $73.0m $71.6m $82.4m
General and administrative $71.2m $80.2m $102.6m $165.2m $162.7m $160.9m $138.5m
Restructuring and other charges $0 $0 $20.9m $0 $0
Gain on extinguishment of debt, net $0 $259k $3.4m $407k $0 $0 $48.1m
Interest income and other income, net $336k $13.0m ($164k) ($10.6m) $23.8m $15.8m $19.5m
Other income, net $9.7m $26.9m $7.0m ($1.8m) $14.9m $6.7m $49.7m
Income before taxes ($39.6m) ($42.7m) ($18.2m) ($24.4m) $26.8m $97.7m $206.7m
Net income attributable to common stockholders ($40.4m) ($43.6m) ($19.5m) ($24.3m) $19.4m $84.5m $259.3m
Basic (in dollars per share) ($1.06) ($1.05) ($0.21) ($0.24) $0.22 $0.92 $2.83
Diluted (in dollars per share) ($1.06) ($1.05) ($0.21) ($0.24) $0.20 $0.89 $2.46
Interest expense $9.4m $13.6m $3.7m $8.4m ($8.9m) ($9.1m) ($17.9m)
Income tax benefit (expense) $793k $911k $1.3m ($124k) ($7.4m) ($13.2m) $52.6m