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DigitalOcean Holdings (DOCN) FY2019 results: revenue $255 million

DigitalOcean Holdings, Inc. (DOCN) reported revenue of $255 million for fiscal 2019, the year ended 31 December 2019. Net income was -$40 million, and diluted earnings per share $-1.06. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.

Revenue
$255 million
FY2019FY2019
Operating margin
-11.7%
FY2019FY2019
Net income
-$40 million
FY2019FY2019
Diluted EPS
-$1.06
FY2019FY2019

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2019Last 8 years
Revenue255
Cost of revenue122
Gross profit133
Gross margin52.0%
Research and development60.0
Operating income-29.9
Operating margin-11.7%
Interest expense9.4
Pre-tax income-39.6
Income tax0.8
Net income-40.4
Net margin-15.9%
Diluted EPS-$1.06
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2019Last 8 years
Operating cash flow39.9
Capital expenditure53.5
Free cash flow-13.6
Free cash flow margin-5.3%
Cash from investing-87.4
Cash from financing49.8
Depreciation and amortisation63.1
Share-based compensation18.6
Buybacks0.0
Diluted shares, weighted38m

Balance sheet

$ millionFY2019Last 8 years
Shareholders' equity-72.3
Redeemable equity123
Goodwill2.7
Cash and equivalents35.9

10-K for the year ended 31 December 2019, filed 25 February 2022: the filing.