secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001582961-22-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalOcean Q3 revenue up 37% YoY to $152.1M; improves margins, Cloudways acquired
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- Revenue $152.1M (+37% YoY); adjusted gross profit $121.5M (80% margin); non-GAAP EPS $0.38.
- Acquired Cloudways for $350M; ARR ended $640.6M, up 41% YoY.
- Free cash flow $22.4M vs $13.5M in Q3'21; 15% free cash flow margin.
- Q4 guidance: revenue $160-162M, non-GAAP op margin 16%, EPS $0.18-$0.19.
- Repurchased ~1.1M shares, completing share repurchase programs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296122000049/0001582961-22-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296122000049/docn-20221107.htm
  HTML page:      https://secwatch.observer/filing/0001582961-22-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer