{"schema_version":"secwatch.filing_event.v1","accession":"0001582961-23-000004","form_type":"8-K","ticker":"DOCN","cik":"0001582961","company_name":"DigitalOcean Holdings, Inc.","filed_at":"2023-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.704486+00:00","generated_at":"2026-06-19T09:27:09.376887+00:00","sec_items":["2.02","9.01","2.05","8.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"DigitalOcean Q4 rev $163M (+36% YoY), FY rev $576M, approves $500M buyback, 11% staff cut","bullets":["Q4 revenue $163.0M (+36% YoY), GAAP net loss $(0.10)/share, non-GAAP EPS $0.28.","FY2022 revenue $576.3M (+34%); non-GAAP diluted EPS $0.94 vs $(0.24) GAAP loss.","Restructuring plan approved: ~11% headcount reduction, $25-27M charges, $60M annual savings by H2 2023.","Board authorized up to $500M share buyback for 2023, with at least $230M committed.","FY2023 guidance: revenue $700-720M, non-GAAP EPS $1.65-1.69, FCF margin 21-22%."],"urls":{"canonical":"https://secwatch.observer/filing/0001582961-23-000004","json":"https://secwatch.observer/filing/0001582961-23-000004.json","markdown":"https://secwatch.observer/filing/0001582961-23-000004.md","text":"https://secwatch.observer/filing/0001582961-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1582961/000158296123000004/0001582961-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1582961/000158296123000004/docn-20230216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T09:27:09.376887+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4fa7b4ad79bb4bf05a8acbfd016f631dd52c9389","claim":"DigitalOcean Holdings, Inc. reported the fiscal quarter ended December 31, 2022 results: revenue $163.0 million, EPS $(0.10). Guidance initiated.","evidence_excerpt":"to accelerate free cash flow margins to 20% or better and increase our share buyback program by up to $500 million.\" Fourth Quarter 2022 Financial Highlights: • Revenue was $163.0 million, an increase of 36% year-over-year. • Annual Run-Rate Revenue (ARR) ended the quarter at $658.8 million, representing 34% year-over-year growth. • Gross profit of $99.6 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1582961/000158296123000004/0001582961-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended December 31, 2022"},{"label":"Revenue","value":"$163.0 million"},{"label":"EPS","value":"$(0.10)"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d3c3b5eec00627db35bbb703cb39f8a041ec37b9","claim":"DigitalOcean Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $576.3 million, EPS $(0.24). Guidance initiated.","evidence_excerpt":"spending more than $500 per month. In 2022, the revenue from these cohorts grew 30% and 45%, respectively, year over year. Fiscal Year 2022 Financial Highlights: • Revenue was $576.3 million, an increase of 34% year-over-year. • Gross profit of $364.4 million or 63% of revenue, an increase of 300 basis points year-over-year. • Loss from operations was $26.2 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1582961/000158296123000004/0001582961-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$576.3 million"},{"label":"EPS","value":"$(0.24)"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"09386c1eb3241bfcc5267572757ddd52318793df","claim":"DigitalOcean Holdings, Inc. announced a restructuring with charges of approximately $25 million to $27 million in restructuring charges (approximately 11%).","evidence_excerpt":"On January 27, 2023, the Board of Directors of the Company approved a restructuring plan to adjust its cost structure and accelerate its timeline to achieve greater than 20% free cash flow margins (the “Restructuring Plan”). The Restructuring Plan includes both the elimination of positions across the Company as well as the shifting of additional positions across a broader geographical footprint over the next several months. As a result of these headcount actions, the Company’s total employee base will be reduced by approximately 11%. The Company estimates that it will incur approximately $25 million to $27 million in restructuring charges in connection with the Restructuring Plan, consisting of (i) approximately $22 million to $23 million in cash expenditures for employee transition, notice period and severance payments, and employee benefits, and (ii) approximately $3 million to $4 million in stock-based compensation.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1582961/000158296123000004/0001582961-23-000004-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $25 million to $27 million in restructuring charges"},{"label":"Headcount","value":"approximately 11%"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}