DigitalOcean Holdings (DOCN) FY2024 results: revenue $781 million, up 12.7% on the year
DigitalOcean Holdings, Inc. (DOCN) reported revenue of $781 million for fiscal 2024, the year ended 31 December 2024, up 12.7% on the year before. Net income was $84 million, up 335.3%, and diluted earnings per share $0.89. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$781 million
+12.7% on the year
FY2019FY2024
Operating margin
11.7%
1.7% a year earlier
FY2019FY2024
Net income
$84 million
+335.3% on the year
FY2019FY2024
Diluted EPS
$0.89
+345.0% on the year
FY2019FY2024
this yearthe year beforeHover a bar for its figure.
$ 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
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
283
235
195
+20.3%
Capital expenditure
178
119
106
+49.3%
Free cash flow
105
116
88.8
-9.6%
Free cash flow margin
13.4%
16.7%
15.4%
Cash from investing
-94.8
401
-1,148
Cash from financing
-76.4
-469
-610
Depreciation and amortisation
130
118
102
+10.3%
Share-based compensation
90.5
88.3
106
+2.5%
Buybacks
59.8
488
600
-87.8%
Diluted shares, weighted
95m
96m
101m
-2.0%
Shares outstanding at period end
92m
90m
97m
+2.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-203
-314
47.6
Redeemable equity
n/a
0.0
0.0
Debt
1,485
1,478
1,470
+0.5%
Operating lease liabilities
130
91.2
108
+43.1%
Finance lease liabilities
n/a
4.5
n/a
Other liabilities
226
201
190
+12.4%
Total liabilities and equity
1,639
1,461
1,816
+12.2%
Fixed assets
433
305
273
+41.6%
Goodwill
349
348
315
+0.1%
Intangible assets
118
140
119
-16.0%
Investments
0.0
94.5
723
Cash and equivalents
428
317
141
+35.1%
Receivables
72.5
62.2
53.8
+16.6%
Other assets
239
193
191
+23.8%
Total assets
1,639
1,461
1,816
+12.2%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.