DigitalOcean Q3 revenue $198M (+12% YoY), raises FY guidance; CRO Gadit resigns, $7.3M payment

DigitalOcean Holdings, Inc.

2024-Q3 EPS reported $0.70 revenue$575,690,000

Revenue $198M (+12% YoY); net income $33M (+72% YoY); adjusted EBITDA $87M (44% margin).
GAAP diluted EPS $0.33; non-GAAP diluted EPS $0.52. Full-year revenue guidance raised to $775-777M.
Q4 guidance: revenue $199-201M, adjusted EBITDA margin 34-38%, non-GAAP EPS $0.27-0.32.
ARR $798M (+12% YoY); ARPU $102.51 (+11% YoY); Net Dollar Retention 97%. Launched GPU Droplets (NVIDIA H100) and GenAI Platform.
Muhammad Aaqib Gadit resigned as CRO; Company waives service requirement and pays ~$7.3M remaining deferred consideration.

item 2.02 item 9.01 item 5.02

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Departed

Muhammad Aaqib Gadit

Chief Revenue Officer

DOCN · DigitalOcean Holdings, Inc.

Effective: 2024-10-30
Filed: November 4, 2024, 6:59 PM ET

On October 30, 2024, Mr. Gadit resigned from the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Muhammad Aaqib Gadit resigned as Chief Revenue Officer at DigitalOcean Holdings, Inc..

Action: resigned
Role: Chief Revenue Officer

Exact text from the filing

On October 30, 2024, Mr. Gadit resigned from the Company.

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DigitalOcean Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001582961-24-000153

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