Filing Flows › DigitalOcean Holdings (DOCN) › Q2 2026 › vs Q2 2025
DigitalOcean Holdings (DOCN) Q2 2026 vs Q2 2025 (year over year)
DigitalOcean Holdings's revenue rose $62.5M (+29%) from $219M in Q2 2025 to $281M in Q2 2026. Gross margin 55.0% against 59.9% (-4.9 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 55.0% | 59.9% | -4.9 pts |
| Operating margin | 10.4% | 16.3% | -5.8 pts |
| Net margin | 12.6% | 16.9% | -4.3 pts |
| Free cash flow margin | 24.3% | 27.1% | -2.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $281M | $219M | $62.5M | +29% |
| Gross profit | $155M | $131M | $23.7M | +18% |
| Cost of revenue | $127M | $87.8M | $38.8M | +44% |
| Operating profit | $29.4M | $35.6M | −$6.2M | -18% |
| Operating expenses | $125M | $95.3M | $30.0M | +31% |
| Pre-tax earnings | $27.1M | $42.4M | −$15.3M | -36% |
| Other expense, net | $2.2M | −$6.8M | $9.1M | — |
| Research & development | $57.5M | $39.6M | $17.9M | +45% |
| Sales & marketing | $22.6M | $19.3M | $3.3M | +17% |
| General & admin | $45.2M | $36.4M | $8.8M | +24% |
| Income tax benefit | $8.3M | −$5.4M | $13.7M | — |
| Net earnings | $35.4M | $37.0M | −$1.6M | -4% |
| Depreciation & amortization | $51.2M | $32.8M | $18.4M | +56% |
| Share-based compensation | $32.7M | $21.1M | $11.6M | +55% |
| Working capital & other | $9.3M | −$1.6M | $10.9M | — |
| Operating cash flow | $110M | $92.4M | $17.5M | +19% |
| Free cash flow (OCF − capex) | $68.4M | $59.2M | $9.1M | +15% |
| Capital expenditures | $41.6M | $33.2M | $8.4M | +25% |
Questions
How much did DigitalOcean Holdings's revenue grow year over year in Q2 2026?
DigitalOcean Holdings's revenue rose $62.5M (+29%) from $219M in Q2 2025 to $281M in Q2 2026. Gross margin 55.0% against 59.9% (-4.9 pts).