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DigitalOcean Holdings (DOCN) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · DigitalOcean Holdings (DOCN) Q3 2026 earnings results →

Q3 2026 Revenue up 40% year over year to $321M · 13¢ of every $1 of revenue lost · operating margin 10.3%

DigitalOcean Holdings made $321M in Q3 2026 (+40% Y/Y). Operating margin 10.3%, net loss $42.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.

Revenue$321M

Year over year+40%

Operating margin10.3%

Net earnings−$42.6M

Operating cash flow$161M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $321.2M in Q3 2026, up 40% year over year and up 14% from the previous quarter.

Gross margin was 50.1%, down 9.5 points from Q3 2025. Operating profit was $33.0M, a 10.3% margin (down 9.3 points year over year). Operating profit fell $11.9M even though revenue rose $91.6M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 39% against revenue growth of 40%. The fastest-growing cost line was Research & development (+54%). The quarter ended with a net loss of $42.6M, after a profit of $35.4M the previous quarter. Net interest and other expense of $69.5M was the main reason.

Operating cash flow was $161.2M (up 68% year over year). Non-cash charges added back $75.1M of depreciation and amortization and $36.0M of share-based compensation. Working capital and other items added $92.6M. Capital expenditures of $23.5M left free cash flow of $137.7M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Nov 3, 2026	$321M	+40%	10.3%	−$42.6M	$161M
Q2 2026	10-Q	Aug 4, 2026	$281M	+29%	10.4%	$35.4M	$110M
Q1 2026	10-Q	May 5, 2026	$258M	+22%	14.2%	$15.8M	$46.9M
Q4 2025	10-K	Feb 24, 2026	$242M	+18%	16.0%	$25.7M	$57.3M
Q3 2025	10-Q	Nov 5, 2025	$230M	+16%	19.6%	$158M	$95.8M
Q2 2025	10-Q	Aug 5, 2025	$219M	+14%	16.3%	$37.0M	$92.4M
Q1 2025	10-Q	May 6, 2025	$211M	+14%	17.9%	$38.2M	$64.1M

Charts

Latest (Q3 2026): Y/Y +40%, Q/Q +14%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income −$42.6M, Operating cash flow $161M.

+26.4% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY2021.

Cash $254M, short-term investments —, long-term debt $1.3B at 2025-12-31.

Services-Computer Programming, Data Processing, Etc.; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

MSFT · Stated in 10-K (named, share not stated) · source
AMZN · Stated in 10-K (named, share not stated) · source
GOOGL · Stated in 10-K (named, share not stated) · source
IBM · Stated in 10-K (named, share not stated) · source

About DigitalOcean Holdings

Our mission is to empower AI-driven and digital-native businesses to build, run, and scale intelligent applications with speed, simplicity and predictable economics through an agentic inference cloud platform that reduces operational complexity and accelerates time to product. DigitalOcean is an agentic inference cloud platform that helps AI and Digital Native Enterprises build, run, and scale intelligent applications with speed, simplicity, and predictable economics. The platform combines production-ready GPU infrastructure, a full-stack cloud, model-first inference workflows, and an agentic experience layer to reduce operational complexity and accelerate time to production.

In its own words, from its 10-K, filed Feb 24, 2026.

DigitalOcean Holdings against its Services-Computer Programming, Data Processing, Etc. peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +40% against the peers' median +25%. Operating margin: 10.3% against the peers' median 19.1%.

Company	Quarter	Revenue	Y/Y	Op. margin
DOCN DigitalOcean Holdings	Q3 2026	$321M	+40%	10.3%
GOOGL Alphabet	Q3 2026	$127.6B	+25%	31.8%
META Meta Platforms	Q3 2026	$64.6B	+26%	20.1%
SPCX Space Exploration Technologies	Q3 2026	$14.6B	+161%	19.1%
FLUT Flutter Entertainment	Q3 2026	$3.9B	+2%	-30.7%
APP AppLovin	Q3 2026	$2.2B	+56%	78.2%
SNAP Snap	Q3 2026	$1.7B	+14%	4.5%
ZM Zoom Communications	Q2 FY27	$1.3B	+5%	24.6%
PINS Pinterest	Q3 2026	$1.2B	+12%	2.6%

Source: DigitalOcean Holdings 10-Q on SEC EDGAR · CIK 1582961 · Services-Computer Programming, Data Processing, Etc.

Guidance and outlook

Met or beat 9 of 9 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

19 statements; tone +0.47 (−1 all cautious, +1 all confident); 1 hedged.

13F: who owns DOCN and who is buying

Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DOCN

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版：DigitalOcean Holdings（DOCN）财报

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