---
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"
generated_at: "2026-06-19T09:27:09.376887+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# DigitalOcean Q4 rev $163M (+36% YoY), FY rev $576M, approves $500M buyback, 11% staff cut

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01, 2.05, 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001582961-23-000004
- JSON: https://secwatch.observer/filing/0001582961-23-000004.json
- Plain text: https://secwatch.observer/filing/0001582961-23-000004.txt

## Key facts
- Earnings Releases
  DigitalOcean Holdings, Inc. reported the fiscal quarter ended December 31, 2022 results: revenue $163.0 million, EPS $(0.10). Guidance initiated.
  - Period: the fiscal quarter ended December 31, 2022
  - Revenue: $163.0 million
  - EPS: $(0.10)
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000004/0001582961-23-000004-index.htm
- Earnings Releases
  DigitalOcean Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $576.3 million, EPS $(0.24). Guidance initiated.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $576.3 million
  - EPS: $(0.24)
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000004/0001582961-23-000004-index.htm
- Restructurings & Charges
  DigitalOcean Holdings, Inc. announced a restructuring with charges of approximately $25 million to $27 million in restructuring charges (approximately 11%).
  - Type: restructuring
  - Charge: approximately $25 million to $27 million in restructuring charges
  - Headcount: approximately 11%
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000004/0001582961-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.