DigitalOcean Holdings, Inc. earnings

DigitalOcean's fiscal 2026 second quarter paired rapid revenue growth with clear margin compression. Revenue was $281.2 million, up 28.6% from the prior-year quarter. Gross profit was $154.7 million, up 18.1%. Gross margin was 55.0%, down 4.9 percentage points. Operating income was $29.4 million, down 17.5%.

DigitalOcean's fiscal 2026 first quarter delivered solid top-line growth alongside a much weaker bottom line. Revenue for the quarter ended March 31, 2026 was $257.9 million, up 22.4% from the prior-year quarter. Gross profit reached $144.7 million, up 11.8%. Gross margin fell to 56.1% from 61.4%.

DigitalOcean closed FY2025 Q4 with revenue of $242.39 million, up 18.3% from the prior-year quarter. Gross profit rose 12.8% to $142.27 million, while operating income increased 19.2% to $38.80 million. Net income came in at $25.66 million, up 40.5%.

DigitalOcean reported third quarter fiscal 2025 revenue of $229.6 million, up 15.7% from the prior-year quarter. Gross profit was $136.9 million, up 17.5% from the prior-year quarter, and gross margin reached 59.6%, up 0.9 percentage points.

DigitalOcean's fiscal 2025 second quarter revenue rose 13.6% to $218.7 million. Gross profit was $130.9 million, up 14.7%. Operating income reached $35.6 million, up 59.5%. Net income was $37.0 million, up 93.5%. Diluted EPS was $0.39, up 95.0%. Gross margin was 59.9%, up 0.6 percentage points.

DigitalOcean’s first quarter of fiscal 2025 showed strong profit growth on moderate revenue expansion. Revenue was $210.7 million, up 14.1% from the prior-year quarter. Gross profit reached $129.4 million, up 18.6%. Operating income jumped 226.2% to $37.6 million.

DigitalOcean closed fiscal 2024 with fourth quarter revenue of $204.9 million, up 13.3% from $180.9 million in the prior-year quarter. Net income was $18.3 million, up 14.6% from $15.9 million a year earlier, and diluted EPS reached $0.19 against $0.17.

DigitalOcean reported third quarter fiscal 2024 revenue of $198 million, up 12.1% year over year. Gross profit was $119 million, up 11.9%. Operating income was $24.6 million, down 30.6%. Net income was $32.9 million, up 71.8%, and diluted EPS was $0.33, up 65.0%.

DigitalOcean posted Q2 FY2024 revenue of $192.5 million, up 13.3% year over year. ARR ended the quarter at $781 million, up 15%. ARPU rose 9% to $99.45. The company counted roughly 638,000 Learners, Builders and Scalers at June 30, 2024.

DigitalOcean opened fiscal 2024 with stronger core cloud performance and rising AI platform demand. Revenue for the first quarter ended March 31, 2024 was $184.73 million, up 11.9% year over year. Gross profit rose to $112.09 million, up 20.2%. Gross margin was 60.7%, up 4.2 percentage points.

DigitalOcean closed fiscal 2023 with revenue growth that cooled from the full-year pace and a gross margin under pressure. Fourth quarter revenue was $180.87 million, up 11.0% from $163.00 million in the prior-year quarter. Fiscal year revenue was $692.88 million, up 20.2%.

DigitalOcean's third quarter of fiscal 2023 showed revenue of $177.1 million, up 16.4% year over year. Year-to-date revenue reached $512.0 million, up 23.9%. Gross profit was $106.7 million for the quarter, up 11.9%, and $302.4 million for the first nine months, up 15.6%.

DigitalOcean posted second quarter revenue of $169.81 million, up 26.8% from the prior-year quarter. Year-to-date revenue was $334.95 million, up 28.2%. Gross profit rose 19.0% to $102.46 million in the quarter, and first-half gross profit increased 17.8% to $195.72 million.

DigitalOcean's first quarter ended March 31, 2023 delivered double-digit revenue growth but wider losses. Revenue rose 29.7% year over year to $165.1 million. Gross profit rose 16.4% to $93.3 million. Gross margin fell to 56.5%, and operating margin fell to -19.7%.

DigitalOcean closed fiscal 2022 with fourth quarter revenue of $163.0 million, up 36.2% from the prior year quarter. Full year revenue reached $576.3 million, up 34.5%. Net dollar retention rate was 112%, compared with 116% a year earlier. ARPU rose 22% from the fourth quarter of 2021.

DigitalOcean reported third-quarter 2022 revenue of $152.1 million, an increase of 36.5% from the prior-year quarter. The company said growth was 33% on a standalone basis. The September acquisition of Cloudways contributed $4.1 million of net revenue.

DigitalOcean closed FY2022 Q2 with revenue of $133.9 million, up 29% from the prior-year quarter. Gross profit was $86.6 million, up 42.8%. Gross margin was 64.7%, up from the prior-year quarter.

DigitalOcean opened fiscal 2022 with first quarter revenue of $127.3 million, up 36% from the prior-year quarter. Gross profit rose to $80.6 million from $54.1 million, and gross margin expanded to 63.3% from 57.8%.

DigitalOcean closed fiscal 2021 with fourth quarter revenue of $119.7 million, up 37% year over year. Annual run-rate revenue also grew 37% year over year. Net dollar retention rate was 116%, up from 105% in the fourth quarter of 2020. Average revenue per customer rose 29%.

DigitalOcean closed the third quarter of fiscal 2021 with revenue of $111.4 million, up 37% from $81.2 million in the prior-year quarter. Growth came from both more customers and more spending per customer.

DigitalOcean reported second-quarter 2021 revenue of $103.81 million, up 35.0% from the prior-year quarter. Gross profit rose 45.5% to $60.66 million, and gross margin expanded 4.2 percentage points to 58.4%.

DigitalOcean Holdings reported its first quarter as a public company with revenue of $93.66 million, up 28.7% from the prior-year quarter. Net dollar retention was 107%, an increase of 600 basis points from the first quarter of 2020. Average revenue per customer rose 20% to $53.68 from $44.68.