Filing Flows › DigitalOcean Holdings (DOCN) › Q2 2026 › vs Q1 2026
DigitalOcean Holdings (DOCN) Q2 2026 vs Q1 2026 (quarter over quarter)
DigitalOcean Holdings's revenue rose $23.3M (+9%) from $258M in Q1 2026 to $281M in Q2 2026. Gross margin 55.0% against 56.1% (-1.1 pts).
DigitalOcean Holdings, Q2 2026: revenue $281M (+29% year over year), operating margin 10.4%, net earnings $35.4M, operating cash flow $110M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 55.0% | 56.1% | -1.1 pts |
| Operating margin | 10.4% | 14.2% | -3.7 pts |
| Net margin | 12.6% | 6.1% | +6.5 pts |
| Free cash flow margin | 24.3% | 2.7% | +21.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $281M | $258M | $23.3M | +9% |
| Gross profit | $155M | $145M | $10.0M | +7% |
| Cost of revenue | $127M | $113M | $13.3M | +12% |
| Operating profit | $29.4M | $36.6M | −$7.2M | -20% |
| Operating expenses | $125M | $108M | $17.2M | +16% |
| Pre-tax earnings | $27.1M | $24.5M | $2.6M | +11% |
| Other expense, net | $2.2M | $12.1M | −$9.8M | -82% |
| Research & development | $57.5M | $48.8M | $8.7M | +18% |
| Sales & marketing | $22.6M | $21.7M | $899K | +4% |
| General & admin | $45.2M | $37.6M | $7.6M | +20% |
| Income tax benefit | $8.3M | −$8.7M | $17.0M | — |
| Net earnings | $35.4M | $15.8M | $19.7M | +125% |
| Depreciation & amortization | $51.2M | $45.5M | $5.7M | +12% |
| Share-based compensation | $32.7M | $22.5M | $10.2M | +45% |
| Working capital & other | $9.3M | $36.8M | −$27.5M | -75% |
| Operating cash flow | $110M | $46.9M | $63.0M | +134% |
| Free cash flow (OCF − capex) | $68.4M | $6.9M | $61.5M | +887% |
| Capital expenditures | $41.6M | $40.0M | $1.6M | +4% |
Questions
How much did DigitalOcean Holdings's revenue grow quarter over quarter in Q2 2026?
DigitalOcean Holdings's revenue rose $23.3M (+9%) from $258M in Q1 2026 to $281M in Q2 2026. Gross margin 55.0% against 56.1% (-1.1 pts).