secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001582961-24-000153
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296124000153/0001582961-24-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296124000153/docn-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001582961-24-000153

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