secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001582961-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01, 2.05, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296123000004/0001582961-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296123000004/docn-20230216.htm
  HTML page:      https://secwatch.observer/filing/0001582961-23-000004

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