secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001582961-23-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

DigitalOcean Q1 revenue up 30% to $165M, non-GAAP EPS $0.28; CAO departs
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- Revenue $165.1M (+30% YoY), ARR $669.1M (+28%), gross margin 56%.
- GAAP net loss $34.9M ($0.37 loss per share); non-GAAP diluted EPS $0.28.
- Repurchased 7.8M shares for $266M in Q1; shareholders returned $266M total.
- Q2 guidance: revenue $169.5-170.5M, non-GAAP EPS $0.40-0.41; FY 2023 revenue $700-720M.
- Chief Accounting Officer Adrienne Calderone departs; CFO Matt Steinfort interim CAO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296123000020/0001582961-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296123000020/docn-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001582961-23-000020

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