---
schema_version: "secwatch.filing_event.v1"
accession: "0001582961-23-000066"
form_type: "8-K"
ticker: "DOCN"
cik: "0001582961"
company_name: "DigitalOcean Holdings, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:19:02.945691+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001582961-23-000066
- form_type: 8-K
- ticker: DOCN
- cik: 0001582961
- company_name: DigitalOcean Holdings, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000066/0001582961-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000066/docn-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001582961-23-000066
- JSON: https://secwatch.observer/filing/0001582961-23-000066.json
- Plain text: https://secwatch.observer/filing/0001582961-23-000066.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000066/0001582961-23-000066-index.htm
- Executive change
  Jeffrey Guy departed as Chief Operating Officer at DigitalOcean Holdings, Inc..
  - Action: depart
  - Role: Chief Operating Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1582961/000158296123000066/0001582961-23-000066-index.htm

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