---
schema_version: "secwatch.filing_event.v1"
accession: "0001582961-23-000035"
form_type: "8-K"
ticker: "DOCN"
cik: "0001582961"
company_name: "DigitalOcean Holdings, Inc."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T14:28:29.249010+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# DigitalOcean finalizes Q2 23 results; lowers FY non-GAAP EPS guidance to $1.40-1.44

## Summary
- Q2 2023 GAAP net income $0.7M ($0.01 diluted EPS); non-GAAP net income $44.7M ($0.44 diluted EPS).
- FY 2023 non-GAAP diluted EPS guidance cut from $1.70-1.73 to $1.40-1.44 due to lower revenue, higher tax, Paperspace costs, and higher share count.
- Q3 2023 guidance: revenue $172.5-174M, adjusted EBITDA margin 38-39%, non-GAAP diluted EPS $0.34-0.36.
- Changed non-GAAP tax methodology to a fixed 17% annual rate for 2023 to improve predictability.
- Income tax expense for Q2 2023 was $3.3M; company expects to be a U.S. federal cash tax payer for full year 2023.

## SEC filing metadata
- accession: 0001582961-23-000035
- form_type: 8-K
- ticker: DOCN
- cik: 0001582961
- company_name: DigitalOcean Holdings, Inc.
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000035/0001582961-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000035/docn-20230811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001582961-23-000035
- JSON: https://secwatch.observer/filing/0001582961-23-000035.json
- Plain text: https://secwatch.observer/filing/0001582961-23-000035.txt

## Key facts
- Earnings Releases
  DigitalOcean Holdings, Inc. reported Q2 2023 results: net income $0.7 million, EPS $0.01. Guidance lowered.
  - Period: Q2 2023
  - Net income: $0.7 million
  - EPS: $0.01
  - Guidance: lowered
  - Result: reported results
  source text: Net income attributable to common stockholders was $0.7 million and diluted net income per share attributable to common shareholders was $0.01.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000035/0001582961-23-000035-index.htm

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