DigitalOcean Holdings Past Earnings Performance
Past criteria checks 2/6
DigitalOcean Holdings has been growing earnings at an average annual rate of 50.4%, while the IT industry saw earnings growing at 11.7% annually. Revenues have been growing at an average rate of 24.9% per year.
Key information
50.4%
Earnings growth rate
72.8%
EPS growth rate
| IT Industry Growth | 22.4% |
| Revenue growth rate | 24.9% |
| Return on equity | n/a |
| Net Margin | 7.0% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
A Look At The Fair Value Of DigitalOcean Holdings, Inc. (NYSE:DOCN)
May 13
DigitalOcean: It Will Likely Be Difficult To Survive
May 06DigitalOcean: Good Potential With A Long-Term Story, But We Have Reservations
Apr 22Is There Now An Opportunity In DigitalOcean Holdings, Inc. (NYSE:DOCN)?
Apr 21Some Confidence Is Lacking In DigitalOcean Holdings, Inc.'s (NYSE:DOCN) P/S
Mar 09DigitalOcean's Q4 Earnings: 19x Forward Free Cash Flows Is Rich
Feb 22DigitalOcean Holdings (NYSE:DOCN) Is Looking To Continue Growing Its Returns On Capital
Feb 01DigitalOcean: Business Excellence And Commitment To Innovation
Jan 20Is DigitalOcean Holdings, Inc. (NYSE:DOCN) Potentially Undervalued?
Jan 17Does This Valuation Of DigitalOcean Holdings, Inc. (NYSE:DOCN) Imply Investors Are Overpaying?
Jan 02DigitalOcean: The Stock Is Rising But This Bull Is Throwing In The Towel
Dec 22DigitalOcean's 2024 Revenue Growth Rates And Prospects
Nov 21DigitalOcean Holdings, Inc.'s (NYSE:DOCN) Shares Climb 26% But Its Business Is Yet to Catch Up
Nov 18DigitalOcean: Pure-Play Cloud Provider Trading At Under 20x Earnings
Oct 18DigitalOcean: Massive Headwinds And Unattractive Valuation
Sep 07DigitalOcean: Revised Guidance, A Cloudy Outlook For 2023
Aug 15Calculating The Intrinsic Value Of DigitalOcean Holdings, Inc. (NYSE:DOCN)
Aug 08DigitalOcean Seeks To Become AI Solution For SMBs
Aug 07When Should You Buy DigitalOcean Holdings, Inc. (NYSE:DOCN)?
Jul 18DigitalOcean: Sinking Or Swimming?
Jul 06DigitalOcean: Leading The Way In Cloud Services For The Developer Community
May 27DigitalOcean Q4 2022 Earnings Preview
Feb 15DigitalOcean: Like Cloud Computing AWS, But Much Cheaper
Feb 02DigitalOcean: Executing Well, But Risks Remain
Jan 03DigitalOcean opens new data center in Sydney
Nov 15Revenue & Expenses BreakdownBeta
How DigitalOcean Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 712 | 50 | 204 | 136 |
| 31 Dec 23 | 693 | 19 | 202 | 140 |
| 30 Sep 23 | 675 | -7 | 230 | 149 |
| 30 Jun 23 | 650 | -18 | 248 | 147 |
| 31 Mar 23 | 614 | -26 | 233 | 145 |
| 31 Dec 22 | 576 | -28 | 230 | 144 |
| 30 Sep 22 | 533 | -30 | 220 | 141 |
| 30 Jun 22 | 492 | -39 | 202 | 140 |
| 31 Mar 22 | 462 | -35 | 181 | 131 |
| 31 Dec 21 | 429 | -20 | 153 | 116 |
| 30 Sep 21 | 396 | -21 | 135 | 100 |
| 30 Jun 21 | 366 | -30 | 122 | 90 |
| 31 Mar 21 | 339 | -30 | 111 | 78 |
| 31 Dec 20 | 318 | -44 | 114 | 75 |
| 31 Dec 19 | 255 | -40 | 102 | 60 |
| 31 Dec 18 | 203 | -36 | 88 | 45 |
Quality Earnings: DOCN has a large one-off loss of $30.9M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: DOCN became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: DOCN has become profitable over the past 5 years, growing earnings by 50.4% per year.
Accelerating Growth: DOCN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: DOCN has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (-0.2%).
Return on Equity
High ROE: DOCN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.