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DOCN - DigitalOcean Holdings, Inc.

NYSE -> Technology -> Software—Infrastructure
New York, United States
Type: Equity

DOCN price evolution
DOCN
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $318.98 $81.11 $121.79 $22.62
Short term investments $94.53 $304.72 $430.46 $591.68
Net receivables $62.19 $60.24 $57.08 $54.97
Inventory
Total current assets $502.99 $471.46 $642.07 $698.61
Long term investments
Property, plant & equipment $460.64 $451.1 $437.44 $463.47
Goodwill & intangible assets $488.47 $494.21 $410.43 $414.22
Total noncurrent assets $957.97 $953.68 $855.83 $885.78
Total investments $94.53 $304.72 $430.46 $591.68
Total assets $1460.97 $1425.14 $1497.9 $1584.4
Current liabilities
Accounts payable $3.96 $14.31 $9.6 $11.01
Deferred revenue $5.34 $5.09 $4.99 $5.01
Short long term debt $81.32 $76.12 $71.7 $73.06
Total current liabilities $192.65 $184.29 $167.31 $186.15
Long term debt $1568.96 $1583.14 $1587.4 $1605.62
Total noncurrent liabilities $1582.02 $1599.62 $1598.17 $1615.9
Total debt $1650.28 $1659.27 $1659.1 $1678.68
Total liabilities $1774.66 $1783.91 $1765.48 $1802.05
Shareholders' equity
Retained earnings -$344.24 -$357.75 -$266.63 -$245.76
Other shareholder equity -$0.45 -$1.02 -$0.95 -$0.68
Total shareholder equity -$313.7 -$358.77 -$267.58 -$217.65
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $318.98 $142.71 $1715.42 $102.54
Short term investments $94.53 $723.46
Net receivables $62.19 $53.83 $39.62 $26.8
Inventory
Total current assets $502.99 $946.55 $1770.06 $147.95
Long term investments
Property, plant & equipment $460.64 $427.67 $249.64 $238.96
Goodwill & intangible assets $488.47 $432.65 $75.08 $37.32
Total noncurrent assets $957.97 $869.36 $330.94 $282.3
Total investments $94.53 $723.46
Total assets $1460.97 $1815.91 $2100.99 $430.25
Current liabilities
Accounts payable $3.96 $21.14 $12.66 $12.43
Deferred revenue $5.34 $5.55 $4.83 $4.87
Short long term debt $81.32 $57.68 $17.47
Total current liabilities $192.65 $164.27 $58.24 $84.78
Long term debt $1568.96 $1470.27 $1462.68 $242.22
Total noncurrent liabilities $1582.02 $1600.55 $1464.56 $244.49
Total debt $1650.28 $1636.19 $1462.68 $259.68
Total liabilities $1774.66 $1764.82 $1522.8 $329.27
Shareholders' equity
Retained earnings -$344.24 -$210.82 -$186.54 -$167.03
Other shareholder equity -$0.45 -$2.05 -$0.37 -$0.24
Total shareholder equity -$313.7 $51.09 $578.2 -$72.09
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $180.87 $177.06 $169.81 $165.13
Cost of revenue $74.41 $70.33 $67.35 $71.88
Gross Profit $106.47 $106.73 $102.46 $93.25
Operating activities
Research & development $30.9 $32.63 $38.57 $38.27
Selling, general & administrative $64.56 $39.08 $64.96 $66.65
Total operating expenses $95.48 $71.27 $103.96 $125.79
Operating income $10.98 $35.47 -$1.5 -$32.53
Income from continuing operations
EBIT $15.84 $39.45 $6.09 -$25.14
Income tax expense -$2.41 $17.94 $3.32 $7.61
Interest expense $2.31 $2.33 $2.11 $2.19
Net income
Net income $15.94 $19.18 $0.67 -$34.94
Income (for common shares) $15.94 $19.18 $0.67 -$34.94
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $692.88 $576.32 $428.56 $318.38
Cost of revenue $283.97 $211.93 $170.59 $145.53
Gross Profit $408.92 $364.39 $257.97 $172.85
Operating activities
Research & development $140.37 $143.88 $115.68 $74.97
Selling, general & administrative $235.77 $246.73 $153.47 $113.67
Total operating expenses $397.02 $390.61 $269.15 $188.64
Operating income $11.9 -$26.22 -$11.19 -$15.79
Income from continuing operations
EBIT $35.72 -$16.01 -$14.46 -$29.05
Income tax expense $7.37 -$0.12 $1.3 $0.91
Interest expense $8.95 $8.4 $3.74 $13.61
Net income
Net income $19.41 -$24.28 -$19.5 -$43.57
Income (for common shares) $19.41 -$24.28 -$19.5 -$43.57
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $15.94 $19.18 $0.67 -$34.94
Operating activities
Depreciation $30.78 $30.55 $27.62 $28.91
Business acquisitions & disposals $0.32 -$99.34 -$2.5
Stock-based compensation $22.76 -$2.37 $36.43 $31.53
Total cash flows from operations $80.52 $54.05 $64.16 $36.22
Investing activities
Capital expenditures -$53.66 -$21.41 -$24.41 -$25.1
Investments $206.23 $125.31 $160.16 $135.56
Total cash flows from investing $152.89 $4.56 $135.75 $107.96
Financing activities
Dividends paid
Sale and purchase of stock $11.73 -$102.34 -$94.09 -$260.37
Net borrowings -$1.31 -$0.95
Total cash flows from financing $4.43 -$108.35 -$100.75 -$264.23
Effect of exchange rate $0.04 -$0.04 $0.01 -$0.03
Change in cash and equivalents $237.88 -$49.78 $99.17 -$120.09
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $19.41 -$24.28 -$19.5 -$43.57
Operating activities
Depreciation $117.87 $102.23 $88.37 $75.57
Business acquisitions & disposals -$101.52 -$310.57 -$5
Stock-based compensation $88.35 $105.83 $61.58 $29.46
Total cash flows from operations $234.94 $195.15 $133.11 $58.12
Investing activities
Capital expenditures -$124.58 -$114.32 -$102.97 -$110.37
Investments $627.25 -$718.35
Total cash flows from investing $401.15 -$1148.16 -$113.61 -$115.49
Financing activities
Dividends paid
Sale and purchase of stock -$445.07 -$580.57 $397.72 $13.9
Net borrowings -$2.26 -$1.52 $1198.84 $61.71
Total cash flows from financing -$468.9 -$610.36 $1593.38 $124.03
Effect of exchange rate -$0.01 -$0.25
Change in cash and equivalents $167.18 -$1563.62 $1612.89 $66.65
Fundamentals
Market cap $3.53B
Enterprise value $4.86B
Shares outstanding 90.24M
Revenue $692.88M
EBITDA $154.11M
EBIT $36.24M
Net Income $842.00K
Revenue Q/Q 10.97%
Revenue Y/Y 20.23%
P/E ratio 4.19K
EV/Sales 7.01
EV/EBITDA 31.52
EV/EBIT 134.04
P/S ratio 5.09
P/B ratio -11.26
Book/Share -3.47
Cash/Share 3.53
EPS $0.01
ROA 0.06%
ROE -0.29%
Debt/Equity -5.66
Net debt/EBITDA 9.45
Current ratio 2.61
Quick ratio 2.61