DigitalOcean Q3 revenue $177M (+16% YoY), GAAP net income $19M; COO Jeffrey Guy to depart Nov 20

DigitalOcean Holdings, Inc.

2023-Q3 EPS reported $0.04 revenue$512,010,000

Revenue $177M, up 16% YoY; ARR $713M, up 11% YoY; NDR 96%.
GAAP net income $19M (11% margin); adjusted EBITDA $76M (43% margin), up 23% YoY.
Diluted EPS $0.20; non-GAAP diluted EPS $0.44.
Q4 guidance: revenue ~$178M; adjusted EBITDA margin 36-37%; non-GAAP EPS $0.36-0.37.
COO Jeffrey Guy departing Nov 20; acquisition of GPU-cloud provider Paperspace closed in Q3.

item 2.02 item 9.01 item 5.02

Executive movements

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Departed

Jeffrey Guy

Chief Operating Officer

DOCN · DigitalOcean Holdings, Inc.

Effective: 2023-11-20
Filed: November 2, 2023, 7:59 PM ET

On November 2, 2023, the Company announced that Jeffrey Guy, the Company's Chief Operating Officer and a named executive officer, will depart the Company on November 20, 2023 following the transition of his responsibilities.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DigitalOcean Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $177 million, net income $19 million, EPS $0.20. Guidance initiated.

Period: third quarter ended September 30, 2023
Revenue: $177 million
Net income: $19 million
EPS: $0.20
Guidance: initiated
Result: reported results

Exact text from the filing

This information is intended to be furnished under Item 2.02 and --- EX-99.1 (EX-99.1) --- DigitalOcean Announces Third Quarter 2023 Financial Results Revenue grew 16% to $177 million GAAP Net Income was $19 million and Adjusted EBITDA was $76 million Year to Date Operating Cash Flow of $154 million and Adjusted Free Cash Flow of $127 million NEW YORK,

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Executive change SEC 8-K Item 5.02 confidence 1.0

Jeffrey Guy departed as Chief Operating Officer at DigitalOcean Holdings, Inc..

Action: depart
Role: Chief Operating Officer

Exact text from the filing

On November 2, 2023, the Company announced that Jeffrey Guy, the Company's Chief Operating Officer and a named executive officer, will depart the Company on November 20, 2023 following the transition of his responsibilities.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

DigitalOcean Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001582961-23-000066

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