DOCNDigitalOcean Holdings, Inc.
Services-Computer Programming, Data Processing, Etc.
- Revenue
- $901M
- 15% YoY
- Operating margin
- 17.4%
- 49% YoY
- EBITDA
- $294M
- 33% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.5×
- $154M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear119% of net incomeCash flow under 80% of net income
- Dilutive SBCClear9% of revenueOver 10% of revenue
- Payouts exceed cash flowClear27% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear11% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $429M | $576M | $693M | $781M | $901M | 15% |
| Operating income | −$11M | −$26M | $12M | $91M | $157M | 73% |
| Net income | −$20M | −$28M | $19M | $84M | $259M | 207% |
| Operating cash flow | $133M | $195M | $235M | $283M | $310M | 9.5% |
| Capex | $97M | $106M | $119M | $178M | $129M | 28% |
| Stock-based comp | $62M | $106M | $88M | $91M | $80M | 11% |
| Buybacks | $350M | $600M | $488M | $60M | $82M | 37% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $2M · 1
- Net
- −$2M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 113 | 253 |
| FY2024 | — | — | 80 | 204 |
| FY2023 | — | — | 86 | 150 |
| FY2022 | — | — | 60 | 95 |
| FY2021 | — | — | 189 | 132 |