Filing Flows › DigitalOcean Holdings (DOCN) › Q2 2026
DigitalOcean Holdings (DOCN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
DigitalOcean Holdings (DOCN) reported revenue of $281M for the second quarter 2026 (Q2 2026), +29% from a year earlier and +9% from the quarter before. Operating margin was 10.4%, net earnings $35.4M (12.6% of revenue).
DigitalOcean Holdings, Q2 2026: revenue $281M (+29% year over year), operating margin 10.4%, net earnings $35.4M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $281M | +9% | +29% |
| Gross profit | $155M | +7% | +18% |
| Operating profit | $29.4M | -20% | -18% |
| Net earnings | $35.4M | +125% | -4% |
| Operating cash flow | $110M | +134% | +19% |
| Free cash flow | $68.4M | +887% | +15% |
What changed
Revenue was $281.2M in Q2 2026, up 29% year over year and up 9% from the previous quarter.
Gross margin was 55.0%, down 4.9 points from Q2 2025. Operating profit was $29.4M, a 10.4% margin (down 5.8 points year over year). Operating profit fell $6.2M even though revenue rose $62.5M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 31% against revenue growth of 29%. The fastest-growing cost line was Research & development (+45%). Net earnings were $35.4M, down 4% year over year. The effective tax rate was -30.6%.
Operating cash flow was $110.0M (up 19% year over year), 310% of net earnings. Non-cash charges added back $51.2M of depreciation and amortization and $32.7M of share-based compensation. Working capital and other items used $9.3M. Capital expenditures of $41.6M left free cash flow of $68.4M.
Questions
What was DigitalOcean Holdings' revenue in the second quarter 2026?
DigitalOcean Holdings (DOCN) reported revenue of $281M for the second quarter 2026 (Q2 2026), +29% from a year earlier and +9% from the quarter before.
Was DigitalOcean Holdings profitable in the second quarter 2026?
Operating profit was $29.4M (10.4% of revenue) and net earnings $35.4M.