DigitalOcean Earnings Reports

DigitalOcean delivered a robust quarter with 14% revenue growth and a 170% surge in net income, fueled by AI-driven customer expansion and product innovation.

DigitalOcean reported Q4 2024 revenue of $205 million, up 13% year-over-year, with net income rising to $18 million. Adjusted EBITDA margin reached 42%, demonstrating operational efficiency. The company's focus on higher-spend customers and AI-powered solutions contributed to its strong performance.

DigitalOcean announced its Q3 2024 financial results, reporting a 12% year-over-year revenue increase to $198 million. The company's net income was $33 million, representing a 17% margin, and adjusted EBITDA reached $87 million, a 44% margin. DigitalOcean raised its full-year revenue guidance while maintaining its free cash flow margin guidance.

DigitalOcean announced strong second-quarter results with revenue increasing by 13% year-over-year to $192 million. The company's ARR grew by 15% to $781 million, and it reported a net income of $19 million. They expanded their leadership team and saw AI/ML ARR increase significantly.

DigitalOcean reported a strong start to 2024 with revenue increasing 12% year-over-year to $185 million. The company's profitability was also strong, with a net income margin of 8% and an adjusted EBITDA margin of 40%.

DigitalOcean reported an 11% year-over-year increase in revenue, reaching $181 million for Q4 2023. The company's ARR reached $730 million, and it achieved a net income of $16 million, with diluted net income per share at $0.17 and non-GAAP diluted net income per share at $0.44.

DigitalOcean reported a 16% increase in revenue to $177 million for Q3 2023. The company's ARR reached $713 million, representing 11% year-over-year growth. GAAP net income was $19 million, with adjusted EBITDA at $76 million. The company also closed the acquisition of Paperspace.

DigitalOcean reported a 27% year-over-year increase in revenue, reaching $170 million for Q2 2023. The company's ARR grew by 25% year-over-year, ending the quarter at $682 million. While a loss from operations was reported at $1.5 million, adjusted EBITDA stood at $72 million. The company also announced an agreement to acquire Paperspace.

DigitalOcean announced its Q1 2023 financial results, with revenue growing 30% year-over-year to $165.1 million. The company reported a net loss of $34.9 million, or $(0.37) per share, and a non-GAAP diluted net income per share of $0.28. They generated $36 million in operating cash flow and $26 million in adjusted free cash flow. Additionally, DigitalOcean returned $266 million to shareholders by repurchasing nearly 8 million shares.

DigitalOcean's Q4 2022 revenue reached $163.0 million, a 36% year-over-year increase. ARR ended the quarter at $658.8 million, representing 34% year-over-year growth. The company's free cash flow margin also saw significant increases. DigitalOcean announced a $500 million expansion of its share repurchase program.

DigitalOcean reported a 37% year-over-year revenue increase, reaching $152.1 million in Q3 2022. The company's profitability improved, driving a 15% free cash flow margin. The acquisition of Cloudways contributed to the revenue growth, and the company is committed to delivering durable 30% growth with increasing profitability and cash flow.

DigitalOcean announced its Q2 2022 financial results, reporting a revenue of $133.9 million, a 29% increase year-over-year. The company's ARR reached $544.1 million, representing a 28% year-over-year growth. Despite macroeconomic headwinds, DigitalOcean is taking actions to deliver 30% growth with improving profitability and cash flow.

DigitalOcean reported a strong start to 2022 with revenue of $127.3 million, a 36% year-over-year increase. The company's ARR reached $524 million, representing a 35% year-over-year growth. DigitalOcean generated a 4% free cash flow margin and net dollar retention rate of 117%.

DigitalOcean announced strong third-quarter results with revenue growth accelerating to 37% year-over-year and a net dollar retention rate of 116%. The company is building a foundation for durable 30%+ revenue growth with strong free cash flow generation.

DigitalOcean announced strong second-quarter results with accelerated revenue growth and improved capital efficiency. Revenue increased by 35% year-over-year to $103.8 million, and ARR grew by 36% year-over-year to $426 million. The company also launched Managed MongoDB to further drive revenue growth from managed service offerings.

DigitalOcean announced its Q1 2021 financial results, reporting a revenue of $93.7 million, a 29% year-over-year increase. The company's ARR increased to $388 million, up 30% year-over-year. The adjusted EBITDA margin expanded by 740 bps to 33%.