Source-grounded facts extracted from DigitalOcean Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
DigitalOcean Holdings, Inc. shareholders approved Approval, on a Non-Binding Advisory Basis, of the Compensation of the Company's Named Executive Officers at the 2026-06-15 meeting.
“The stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement, by the following votes: Votes For Votes Against Abstentions Broker Non-Votes 81,627,046 1,869,745 93,040 9,763,078”
DigitalOcean Holdings, Inc. shareholders approved Ratification of the Selection of Independent Registered Public Accounting Firm at the 2026-06-15 meeting.
“The stockholders ratified the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm of the Company for its fiscal year ending December 31, 2026, by the following votes: Votes For Votes Against Abstentions 93,181,571 62,446 108,892”
DigitalOcean Holdings, Inc. shareholders approved Election of Class II Directors at the 2026-06-15 meeting.
“by the following votes: Nominee Votes For Votes Withheld Broker Non-Votes Warren Adelman 66,745,757 16,844,074 9,763,078 Pueo Keffer 70,066,785 13,523,046 9,763,078”
DigitalOcean Holdings, Inc. amended revolving credit of $112.5 million increase in the revolving credit facility with Morgan Stanley Senior Funding, Inc..
“The First Amendment amends the Existing Credit Agreement to, among other modifications, (i) provide for a $112.5 million increase in the revolving credit facility thereunder”
DigitalOcean Holdings, Inc. reported the fiscal quarter ended March 31, 2026 results: revenue $258 million, net income $16 million, EPS $0.15. Guidance raised.
“Results Raising 2026 and 2027 revenue outlook on strong customer demand and incremental committed capacity; 2027 revenue growth now expected to exceed 50% Q1 2026 Revenue of $258 million grew 22% year-over-year Million+ Dollar Customer ARR grew 179% year-over-year to $183 million AI Customer ARR grew 221% year-over-year to $170 million Delivered record $62”
DigitalOcean Holdings, Inc. amended Amendment No. 1 to Credit Agreement with Morgan Stanley Senior Funding, Inc. (effective 2026-05-04).
“On May 4, 2026, the Company, DigitalOcean, LLC, Paperspace Co., the lenders and L/C issuers party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent, entered into an Amendment No. 1 to Credit Agreement (the “First Amendment”), which amends the Company’s existing credit agreement, dated as of May 5, 2025”
DigitalOcean Holdings, Inc. incurred convertible notes of $625 million principal amount with U.S. Bank Trust Company, National Association at 0.00% maturing August 15, 2030.
“completed its previously announced private offering (the “Offering”) of $625 million principal amount of its 0.00% Convertible Senior Notes due 2030 (the “Notes”), including the exercise in full of the initial purchasers’ option to purchase up to an additional $75 million principal amount of Notes.”
DigitalOcean Holdings, Inc. incurred term loan of $500.0 million with Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent at term SOFR, plus an applicable margin ranging from 1.25% to 2.25% per annum based maturing fifth anniversary of the Effective Date.
“(ii) a senior secured delayed draw term loan facility in the aggregate principal amount of $500.0 million (the “Term Loan Facility”; and any loans thereunder, the “Term Loans”)”
DigitalOcean Holdings, Inc. incurred revolving credit of $300.0 million with Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent at term SOFR, plus an applicable margin ranging from 1.25% to 2.25% per annum based maturing fifth anniversary of the Effective Date.
“The Credit Agreement provides for (i) a senior secured revolving credit facility in an aggregate principal amount of $300.0 million (the “Revolving Credit Facility”; and any loans thereunder, the “Revolving Loans”), including a $30.0 million sublimit for the issuance of letters of credit”
Christopher Merritt departed as Director at DigitalOcean Holdings, Inc..
“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").”
Amy Butte departed as Director at DigitalOcean Holdings, Inc..
“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”).”
Muhammad Aaqib Gadit resigned as Chief Revenue Officer at DigitalOcean Holdings, Inc..
“On October 30, 2024, Mr. Gadit resigned from the Company.”
Larry D'Angelo was appointed as Chief Revenue Officer at DigitalOcean Holdings, Inc..
“On July 22, 2024, Larry D’Angelo commenced employment as the Company’s Chief Revenue Officer.”
Muhammad Aaqib Gadit departed as Chief Revenue Officer at DigitalOcean Holdings, Inc..
“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.”
DigitalOcean Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $185 million, net income $14 million, EPS $0.15. Guidance initiated.
“DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing technology businesses, today announced results for its first quarter ended March 31, 2024. “The first quarter was a strong start to the year as we position the company to be the leading cloud and AI platform for growing technology businesses,” said Paddy Srinivasan, CEO of DigitalOcean. “Our results demonstrate the solid performance of our core cloud and the exciting potential of our AI platform.” First Quarter 2024 Financial Highlights: • Revenue was $185 million, an increase of 12% year-over-year. • Annual Run-Rate Revenue (ARR) ended the quarter at $749 million, representing 12% year-over-year growth. • Gross profit of $112 million, an increase of 20% year-over-year, and 61% of revenue. • Net income attributable to common stockholders was $14 million and net income margin was 8%. • Adjusted EBITDA was $74 million, an increase of 33% year-over-year, and adjusted EBITDA margin was 40%. • D”
Muhammad Aaqib Gadit departed as Chief Revenue Officer at DigitalOcean Holdings, Inc..
“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.”
DigitalOcean Holdings, Inc. reported the fiscal quarter and year ended December 31, 2023 results: revenue $693 million, net income $19 million, EPS $0.20. Guidance reaffirmed.
“Revenue was $693 million, an increase of 20% year-over-year.”
Yancey Spruill departed as Chief Executive Officer at DigitalOcean Holdings, Inc..
“as of the Employment Date, Mr. Spruill will depart from the Company.”
Padmanabhan Srinivasan was appointed as Chief Executive Officer at DigitalOcean Holdings, Inc..
“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”).”
Cherie Barrett was appointed as SVP, Chief Accounting Officer at DigitalOcean Holdings, Inc..
“On December 4, 2023, Cherie Barrett was named SVP, Chief Accounting Officer of DigitalOcean Holdings, Inc.”
DigitalOcean Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $177 million, net income $19 million, EPS $0.20. Guidance initiated.
“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,”
Jeffrey Guy departed as Chief Operating Officer at 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.”
Warren Adelman was appointed as Executive Chairman at DigitalOcean Holdings, Inc..
“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 departed as Chief Executive Officer at DigitalOcean Holdings, Inc..
“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).”
DigitalOcean Holdings, Inc. reported Q2 2023 results: net income $0.7 million, EPS $0.01. Guidance lowered.
“Net income attributable to common stockholders was $0.7 million and diluted net income per share attributable to common shareholders was $0.01.”
DigitalOcean Holdings, Inc. reported second quarter ended June 30, 2023 results: revenue $170 million.
“This information is intended to be furnished under Item 2.02 and --- EX-99.1 (EX-99.1) --- DigitalOcean Announces Second Quarter 2023 Financial Results Revenue grew 27% to $170 million Loss from Operations was $1.5 million and Adjusted EBITDA was $72 million $64 million of Operating Cash Flow and $45 million of Adjusted Free Cash Flow NEW YORK, August 3, 2023 –”
DigitalOcean Holdings, Inc. reported that prior financial statements should not be relied upon.
“31, 2023, as included in the Company’s Quarterly Report on Form 10-Q for the three months ended March 31, 2023 filed with the Securities and Exchange Commission (the “SEC”) on May 9, 2023 (the “First Quarter 2023 10-Q”) should no longer be relied upon due to the discovery, in the course of preparing the Company’s interim financial statements for the fiscal quarter ended June 30, 2023, of errors in the Company’s accounting for income tax expense primarily relating to the calculation of certain capitalized research or experimental expenditures under Section 174 of the Internal Revenue Code of 1986, which impacted the Company’s income tax provision ("Section 174 Error"). Primarily as a result of the Section 174 Error, accrued taxes as of March 31, 2023 were overstated and the income tax expense for the three months ended March 31, 2023 was overstated by approximately $18 million. Additional”
DigitalOcean Holdings, Inc. shareholders approved Approval, on a Non-Binding Advisory Basis, of the Frequency of Future Non-Binding Advisory Votes to Approve the Compensation of the Company's Named Executive Officers at the 2023-06-06 meeting.
“Proposal 4 - Approval, on a Non-Binding Advisory Basis, of the Frequency of Future Non-Binding Advisory Votes to Approve the Compensation of the Company's Named Executive Officers”
DigitalOcean Holdings, Inc. shareholders approved Approval, on a Non-Binding Advisory Basis, of the Compensation of the Company's Named Executive Officers at the 2023-06-06 meeting.
“Proposal 3 - Approval, on a Non-Binding Advisory Basis, of the Compensation of the Company's Named Executive Officers”
DigitalOcean Holdings, Inc. shareholders approved Ratification of the Selection of Independent Registered Public Accounting Firm at the 2023-06-06 meeting.
“Proposal 2 - Ratification of the Selection of Independent Registered Public Accounting Firm The stockholders ratified the selection”
DigitalOcean Holdings, Inc. shareholders approved Election of Directors at the 2023-06-06 meeting.
“by the following votes: Nominee Votes For Votes Withheld Broker Non-Votes Warren Adelman 46,273,324 9,877,253 13,574,412 Pueo Keffer 49,410,979 6,739,598 13,574,412 Hilary Schneider 55,574,547 576,030 13,574,412”
DigitalOcean Holdings, Inc. reported second quarter of 2023 results: revenue $169.5 to $170.5 million, EPS Non-GAAP diluted net income per share of $0.40 to $0.41. Guidance initiated.
“Financial Outlook: Based on information available as of May 9, 2023, for the second quarter of 2023 we expect: • Total revenue of $169.5 to $170.5 million. • Adjusted EBITDA margin of 37% to 38%. • Non-GAAP diluted net income per share of $0.40 to $0.41. • Fully diluted weighted average shares outstanding of approximately 103 million shares.”
DigitalOcean Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $165.1 million, net income Net loss attributable to common stockholders was $34.9 million, EPS Net loss per share was $(0.37).
“First Quarter 2023 Financial Highlights: • Revenue was $165.1 million, an increase of 30% year-over-year. • Annual Run-Rate Revenue (ARR) ended the quarter at $669.1 million, representing 28% year-over-year growth. • Gross profit of $93.3 million or 56% of revenue. • Net loss attributable to common stockholders was $34.9 million. • Adjusted EBITDA was $56.2 million and adjusted EBITDA margin was 34%. • Net loss per share was $(0.37) and non-GAAP diluted net income per share was $0.28. • Cash, cash equivalents, and marketable securities was $613 million as of March 31, 2023.”
W. Matthew Steinfort was appointed as Chief Accounting Officer (interim) at DigitalOcean Holdings, Inc..
“W. Matthew Steinfort, the Company’s Chief Financial Officer, will serve as the Company’s interim Chief Accounting Officer until a replacement has been appointed.”
Adrienne Calderone resigned as Chief Accounting Officer at DigitalOcean Holdings, Inc..
“On May 3, 2023, the Company and Adrienne Calderone, the Company’s Chief Accounting Officer, agreed that, following a brief transition period, Ms. Calderone will no longer be employed by the Company and will no longer hold any offices with the Company.”
Christopher Merritt was appointed as Class I director at DigitalOcean Holdings, Inc..
“appointed Christopher Merritt as a Class I director of the Company to fill the resulting vacancy, effective April 17, 2023”
DigitalOcean Holdings, Inc. engaged PricewaterhouseCoopers LLP as its auditor.
“On March 27, 2023, the Board, upon the recommendation of the Audit Committee, approved the appointment of PricewaterhouseCoopers LLP (“ PwC ”) as the Company’s new independent registered public accounting firm for the fiscal year ending December 31, 2023, effective immediately, subject to execution of an engagement letter.”
DigitalOcean Holdings, Inc. dismissed Ernst & Young LLP as its auditor.
“On March 27, 2023, the Board of Directors (the “ Board ”) of DigitalOcean Holdings, Inc. (the “ Company ”), upon the recommendation of the Audit Committee of the Board (the “ Audit Committee ”), dismissed Ernst & Young LLP (“ EY ”), as the Company’s independent registered public accounting firm, effective immediately.”
Gabriel Monroy resigned as Chief Product Officer at DigitalOcean Holdings, Inc..
“On March 10, 2023, Gabriel Monroy, the Chief Product Officer of DigitalOcean Holdings, Inc. (the “ Company ”), notified the Company of his resignation, effective as of March 31, 2023.”
DigitalOcean Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $576.3 million, EPS $(0.24). Guidance initiated.
“spending more than $500 per month. In 2022, the revenue from these cohorts grew 30% and 45%, respectively, year over year. Fiscal Year 2022 Financial Highlights: • Revenue was $576.3 million, an increase of 34% year-over-year. • Gross profit of $364.4 million or 63% of revenue, an increase of 300 basis points year-over-year. • Loss from operations was $26.2 million”
DigitalOcean Holdings, Inc. reported the fiscal quarter ended December 31, 2022 results: revenue $163.0 million, EPS $(0.10). Guidance initiated.
“to accelerate free cash flow margins to 20% or better and increase our share buyback program by up to $500 million." Fourth Quarter 2022 Financial Highlights: • Revenue was $163.0 million, an increase of 36% year-over-year. • Annual Run-Rate Revenue (ARR) ended the quarter at $658.8 million, representing 34% year-over-year growth. • Gross profit of $99.6 million”
DigitalOcean Holdings, Inc. announced a restructuring with charges of approximately $25 million to $27 million in restructuring charges (approximately 11%).
“On January 27, 2023, the Board of Directors of the Company approved a restructuring plan to adjust its cost structure and accelerate its timeline to achieve greater than 20% free cash flow margins (the “Restructuring Plan”). The Restructuring Plan includes both the elimination of positions across the Company as well as the shifting of additional positions across a broader geographical footprint over the next several months. As a result of these headcount actions, the Company’s total employee base will be reduced by approximately 11%. The Company estimates that it will incur approximately $25 million to $27 million in restructuring charges in connection with the Restructuring Plan, consisting of (i) approximately $22 million to $23 million in cash expenditures for employee transition, notice period and severance payments, and employee benefits, and (ii) approximately $3 million to $4 million in stock-based compensation.”
William Sorenson retired as Chief Financial Officer at DigitalOcean Holdings, Inc..
“The Company previously announced that its current Chief Financial Officer, William Sorenson, entered into a transition agreement (the “ Transition Agreement ”) that set forth the terms of Mr. Sorenson’s retirement upon the appointment of his successor.”
W. Matthew Steinfort was appointed as Chief Financial Officer at DigitalOcean Holdings, Inc..
“On November 15, 2022, DigitalOcean Holdings, Inc. (the “ Company ”) entered into an employment agreement with W. Matthew Steinfort (the “ Steinfort Agreement ”) to serve as Chief Financial Officer of the Company, effective as of January 2023”
DigitalOcean Holdings, Inc. reported the full year 2022 results: revenue $573 to $575 million, EPS $0.79 to $0.80. Guidance initiated.
“For the full year 2022, we expect: • Total revenue of $573 to $575 million. • Non-GAAP operating margin of 17%. • Free cash flow in the range of 10% to 11% of revenue. • Non-GAAP diluted net income per share of $0.79 to $0.80.”
DigitalOcean Holdings, Inc. reported the fourth quarter of 2022 results: revenue $160 to $162 million, EPS $0.18 to $0.19. Guidance initiated.
“Based on information available as of November 7, 2022, for the fourth quarter of 2022 we expect: • Total revenue of $160 to $162 million. • Non-GAAP operating margin of 16%. • Non-GAAP diluted net income per share of $0.18 to $0.19.”
DigitalOcean Holdings, Inc. reported the third quarter ended September 30, 2022 results: revenue $152.1 million, EPS $0.10.
“NEW YORK, November 7, 2022 – DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for developers, startups and SMBs, today announced results for its third quarter ended September 30, 2022. “I'm proud that we delivered top-line acceleration combined with significant operating margin and free cash flow leverage in the third quarter, despite the difficult operating environment due to global macro challenges,” said Yancey Spruill, CEO of DigitalOcean. “In addition, we made a significant investment to expand our addressable market with the acquisition of Cloudways. We will continue to leverage our capabilities to provide exceptional value to support the growth of SMBs. We are committed to delivering durable 30% growth with increasing profitability and cash flow.” Third Quarter 2022 Financial Highlights: • Revenue was $152.1 million, an increase of 37% year-over-year and included a $4.1 million net revenue contribution from Cloudways, and revenue growth was 33% on a standalone basis.”
William Sorenson departed as Chief Financial Officer at DigitalOcean Holdings, Inc..
“The Transition Agreement provides that Mr. Sorenson will retire from employment with the Company, effective August 31, 2023”
Adrienne Calderone was appointed as Senior Vice President, Chief Accounting Officer at DigitalOcean Holdings, Inc..
“On March 28, 2022, the Company appointed Adrienne Calderone as Senior Vice President, Chief Accounting Officer.”
Peter Levine departed as Director at DigitalOcean Holdings, Inc..
“On January 13, 2022, Peter Levine, 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 2022 Annual Meeting of Stockholders (the "Annual Meeting").”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.