Highest-materiality recent filing
RPO expected to exceed $800M, up more than 10X from Q2 2025; weighted average life increases to over 3 years.
DigitalOcean shareholders elect directors, ratify PwC, approve say-on-pay
Warren Adelman and Pueo Keffer elected as Class II directors with 66.7M and 70.1M votes for, respectively.
DigitalOcean Q1 revenue $258M (+22% YoY); raises FY2026 outlook to 26% growth
Q1 revenue $258M (+22% YoY); AI Customer ARR $170M (+221% YoY); Million+ Dollar Customer ARR $183M (+179% YoY).
DigitalOcean prices public offering of ~10.4M shares at $74.40; over-allotment exercised
DigitalOcean to sell 10,389,611 common shares at $74.40125 each; underwriters' option for 1,558,441 additional shares exercised in full.
DigitalOcean Q4 revenue $242M (+18% YoY); raises 2026 outlook to 21% growth, targets 30% in 2027
Q4 revenue $242M (+18% YoY); FY revenue $901M (+15% YoY). Net income $26M (Q4), $259M (FY).
DigitalOcean CPTO Bratin Saha resigns; company reaffirms FY 2025 guidance
CPTO Bratin Saha resigns effective Nov 26, 2025; departure is not due to any disagreement with the company.
DigitalOcean Q3 revenue up 16% to $230M, raises FY2025 revenue and EBITDA guidance
Net income $158M (up 381% YoY) included $70M tax benefit and $48M gain from note extinguishment.
DigitalOcean closes $625M 0% convertible notes due 2030; repurchases $1.19B of 2026 notes
Upsized $625M offering (incl. $75M greenshoe) of 0.00% convertible senior notes due 2030; initial conversion price ~$39.17/share.
DigitalOcean Q2 revenue $219M (+14% YoY); net income up 93%; raises FY guidance
Q2 net income $37M (up 93% YoY, 17% margin); adjusted EBITDA $89M (41% margin).
DigitalOcean shareholders approve officer exculpation charter amendment at annual meeting
Charter amendment to limit officer liability for breach of fiduciary duty filed with Delaware June 10, 2025.
DigitalOcean Q1 rev $211M (+14% YoY), net income $38M (+170%), new $800M credit facility
Revenue $211M (+14% YoY), net income $38M (+170%), diluted EPS $0.39.
DigitalOcean reaffirms Q1 and FY 2025 guidance at April 4 Investor Day
Held Investor Day on April 4, 2025; no new financial details provided.
DigitalOcean director Christopher Merritt will not stand for reelection at 2025 annual meeting
Christopher Merritt notified Board on March 26, 2025 of decision not to stand for reelection.
Q4 revenue $205M (+13% YoY); net income $18M (+15% YoY); adjusted EBITDA $86M (42% margin).
DigitalOcean Q3 revenue $198M (+12% YoY), raises FY guidance; CRO Gadit resigns, $7.3M payment
Revenue $198M (+12% YoY); net income $33M (+72% YoY); adjusted EBITDA $87M (44% margin).
DigitalOcean Q2 revenue $192M (+13% YoY); net income $19M; guides Q3 $196-197M
GAAP net income $19M, diluted EPS $0.20; non-GAAP diluted EPS $0.48.
DigitalOcean appoints Larry D'Angelo as Chief Revenue Officer
Larry D'Angelo named CRO effective July 22; 30-year veteran, previously CCO at Rapid7 and CSO at LogMeIn.
DigitalOcean appoints Bratin Saha as CPTO; former AWS AI VP
Bratin Saha named Chief Product and Technology Officer, effective June 17, 2024.
DigitalOcean re-elects Arora and Jenson, ratifies PwC, approves NEO compensation
Class III directors Arora (46.7M for, 10.7M withheld) and Jenson (52.6M for, 4.8M withheld) re-elected until 2027.
DigitalOcean Q1 revenue $185M (+12% YoY); net income margin 8%; EBITDA margin 40%
Revenue $185M, +12% YoY; ARR $749M (+12% YoY).
DigitalOcean CRO Muhammad Aaqib Gadit to step down; will serve as advisor after successor hired
Gadit notified DigitalOcean on April 30, 2024 of intent to resign as Chief Revenue Officer upon successor's start.
DigitalOcean Q4 revenue $181M (+11% YoY); FY2023 rev $693M (+20%); EPS $0.20; new $140M buyback
Q4 revenue $181M (+11% YoY); net income $16M; diluted EPS $0.17, non-GAAP $0.44.
DigitalOcean appoints Paddy Srinivasan as CEO effective Feb 12, 2024
Srinivasan receives $600k base salary, 100% target bonus, and $17M RSU with 4-year vest.
DigitalOcean appoints Cherie Barrett as SVP, Chief Accounting Officer
Cherie Barrett named SVP, Chief Accounting Officer, effective December 4, 2023.
DigitalOcean Q3 revenue $177M (+16% YoY), GAAP net income $19M; COO Jeffrey Guy to depart Nov 20
Revenue $177M, up 16% YoY; ARR $713M, up 11% YoY; NDR 96%.
DigitalOcean increases CFO Steinfort's salary, bonus, and severance in retention amendment
Base salary raised to $540k (from $450k); target bonus increased to 80% of base (from 70%).
CEO Yancey Spruill to step down once successor appointed; will continue as CEO in transition.
DigitalOcean finalizes Q2 23 results; lowers FY non-GAAP EPS guidance to $1.40-1.44
Q2 2023 GAAP net income $0.7M ($0.01 diluted EPS); non-GAAP net income $44.7M ($0.44 diluted EPS).
Q2 revenue $170M (+27% YoY); unable to report net income due to tax errors being finalized.
DigitalOcean acquires Paperspace for $111M cash to expand AI/ML offerings
Acquired Paperspace for $111M in cash; expected immaterial impact on 2023 results.
DigitalOcean shareholders elect Adelman, Keffer, Schneider as Class II directors at annual meeting
Warren Adelman elected with 46.3M for, 9.9M withheld; Pueo Keffer with 49.4M for, 6.7M withheld; Hilary Schneider with 55.6M for, 0.6M withheld.
DigitalOcean Q1 revenue up 30% to $165M, non-GAAP EPS $0.28; CAO departs
Revenue $165.1M (+30% YoY), ARR $669.1M (+28%), gross margin 56%.
DigitalOcean appoints Chris Merritt, former Cloudflare CRO, to board
Christopher Merritt appointed as Class I director effective April 17, 2023; board size expanded to eight.
DigitalOcean replaces EY with PwC as auditor; updates share repurchase progress
Dismissed Ernst & Young as auditor March 27, 2023; no disagreements; appointed PwC for FY 2023.
DigitalOcean CPO Gabriel Monroy resigns effective March 31, 2023
Gabriel Monroy, Chief Product Officer, notified DigitalOcean of his resignation on March 10, 2023.
DigitalOcean Q4 rev $163M (+36% YoY), FY rev $576M, approves $500M buyback, 11% staff cut
Q4 revenue $163.0M (+36% YoY), GAAP net loss $(0.10)/share, non-GAAP EPS $0.28.
DigitalOcean names Matt Steinfort CFO effective Jan 2023; Sorenson retires
Matt Steinfort appointed CFO, effective early January 2023, succeeding William Sorenson.
DigitalOcean Q3 revenue up 37% YoY to $152.1M; improves margins, Cloudways acquired
Revenue $152.1M (+37% YoY); adjusted gross profit $121.5M (80% margin); non-GAAP EPS $0.38.
DigitalOcean completes $350M cash acquisition of Cloudways, closing Sept 1, 2022
Acquired Cloudways Ltd. for $350M in cash, subject to customary purchase price adjustments.
DigitalOcean to acquire Cloudways for $350M cash; close expected in Sept 2022
$350M cash consideration; significant portion deferred over 30 months post-closing.
DigitalOcean Q2 revenue $133.9M (+29% YoY); raises FY22 FCF outlook to 9-10%
Q2 revenue $133.9M (+29% YoY); ARR $544.1M (+28%). Non-GAAP diluted EPS $0.20.
DigitalOcean annual meeting elects Spruill and Butte as directors; auditor ratified
Yancey Spruill elected as Class I director with 58,843,449 votes for, 12,844,340 withheld, 14,635,139 broker non-votes.
DigitalOcean launches new $300M stock buyback program after completing prior $300M program
Board authorized up to $300M in share repurchases; program expires Dec 31, 2022.
DigitalOcean Q1 revenue $127.3M (+36% YoY); NDR 117%, ARPU up 28%
Revenue $127.3M (+36% YoY); ARR $524M (+35%); net loss $(0.17)/share, non-GAAP EPS $0.07.
DigitalOcean increases revolver to $250M, extends maturity, appoints new CAO
Revolving credit limit raised from $150M to $250M; maturity extended to 5 years (or earlier of 90 days before $100M+ convertible maturity).
DigitalOcean Q4 revenue $119.7M, up 37% YoY; announces $300M stock repurchase
Q4 revenue $119.7M (+37% YoY); FY revenue $428.6M (+35% YoY).
DigitalOcean director Peter Levine to not stand for reelection at 2022 annual meeting
Peter Levine notified Board on Jan 13, 2022, of his intention not to stand for reelection.
DigitalOcean issues $1.5B in 0% convertible notes due 2026, repurchases $350M in stock
$1.5B aggregate principal of zero-coupon convertible notes due December 1, 2026; net proceeds ~$1.46B.
DigitalOcean Q3 revenue $111.4M (+37% YoY); NDR rises to 116%; guides Q4 rev $117-119M
Revenue $111.4M (up 37% YoY); ARR $455M (up 36%)
DigitalOcean Q2 revenue up 35% to $103.8M; ARR $426M; raises FY 2021 revenue guidance
Revenue $103.8M (+35% YoY); ARR $426M (+36% YoY); net dollar retention rate 113% (+1,100 bps).
On March 26, 2025, Christopher Merritt, a member of the Board of Directors (the "Board") of DigitalOcean Holdings, Inc. (the "Company"), notified the Company of his intention not to stand for reelection at the Company's 2025 Annual Meeting of Stockholders (the "Annual Meeting").
On February 21, 2025, Amy Butte, a member of the Board of Directors (the “Board”) of the Company, notified the Company of her intention not to stand for reelection at the Company’s 2025 Annual Meeting of Stockholders (the “Annual Meeting”).
On October 30, 2024, Mr. Gadit resigned from the Company.
On July 22, 2024, Larry D’Angelo commenced employment as the Company’s Chief Revenue Officer.
Muhammad Aaqib Gadit, the Company’s Chief Revenue Officer, notified the Company of his intention to step down from such role upon the commencement of employment of his successor.
On April 30, 2024, Muhammad Aaqib Gadit notified DigitalOcean Holdings, Inc. (the “ Company ”) of his desire to step down from his current role as Chief Revenue Officer upon the commencement of employment of a successor.
as of the Employment Date, Mr. Spruill will depart from the Company.
On January 11, 2024, DigitalOcean Holdings, Inc. (the “Company”) entered into an employment agreement with Padmanabhan Srinivasan (the “Srinivasan Agreement”) to serve as Chief Executive Officer of the Company, effective as of the commencement of his employment, which is currently expected to be on or around February 12, 2024 (the “Employment Date”).
On December 4, 2023, Cherie Barrett was named SVP, Chief Accounting Officer of DigitalOcean Holdings, Inc.
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.
The Company also announced that Warren Adelman, who has served on the Board since 2020 and as lead independent director since 2022, has been appointed Executive Chairman of the Board, effective immediately.
Yancey Spruill will continue to serve as the Company’s Chief Executive Officer and a member of the board of directors of the Company (the “Board”) until a successor has been appointed, or upon such other date determined by the Board or an earlier resignation by Mr. Spruill upon thirty days’ notice after the four-month anniversary of date of the Separation Agreement (as defined below).
Max materiality 0.85 · Median 0.75 · Most common event earnings