DigitalOcean Holdings, Inc. (DOCN) Form 10-Q — Aug 4, 2026
DigitalOcean's Q2 2026 revenue rose 29% year over year to $281.2 million, with first-half revenue up 26% to $539.1 million. AI momentum accelerated sharply: annual run-rate revenue reached $1,125 million (from $875 million a year ago) and AI Customer ARR more than tripled to $234 million from $75 million, while DNE customers grew to 21,736 and $1M+ customers nearly doubled to 45. Profitability moved the other way: net income slipped to $35.4 million from $37.0 million, diluted EPS fell to $0.29 from $0.39, and gross margin compressed to 55% from 60% as data center expansion costs landed ahead of the related revenue ramp.
Key figures
- Eps
- 0.29
- Revenue
- 281184000
- Net Income
- 35437000
- Total Debt
- 937322000
- Revenue Yoy
- 29%
- Total Assets
- 3123053000
- Cash Position
- 767026000
- Shares Outstanding
- 117579550
- Arr
- 1125000000
- Dne customers
- 21736
- Arr prior year
- 875000000
- Ai customer arr
- 234000000
- Follow on price
- 77
- Gross margin q2
- 55%
- Q2 2025 revenue
- 218700000
- Follow on shares
- 11948052
- Customers 1m plus
- 45
- Six month revenue
- 539089000
- Adjusted ebitda q2
- 113560000
- Operating margin q2
- 10%
- Direct offering price
- 117.54
- Revolver availability
- 406650000
- Six month revenue yoy
- 26%
- Diluted eps prior year
- 0.39
- Direct offering shares
- 12543915
- Follow on net proceeds
- 887888000
- Notes maturing dec 2026
- 312322000
- Adjusted ebitda margin q2
- 40%
- Ai customer arr prior year
- 75000000
- Gross margin q2 prior year
- 60%
- Converts repurchased july 2026
- 471828000
- Operating cash flow six months
- 156889000
- Operating margin q2 prior year
- 16%
- Buyback authorization remaining
- 100000000
Price after filing
Close on the filing date to close N calendar days later (from $120.23). Historical, not a forecast.
AI analysis
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