Filing Flows › DigitalOcean Holdings (DOCN) › Q4 2025
DigitalOcean Holdings (DOCN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
DigitalOcean Holdings (DOCN) reported revenue of $242M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and +6% from the quarter before. Operating margin was 16.0%, net earnings $25.7M (10.6% of revenue).
DigitalOcean Holdings, Q4 2025: revenue $242M (+18% year over year), operating margin 16.0%, net earnings $25.7M, operating cash flow $57.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $242M | +6% | +18% |
| Gross profit | $142M | +4% | +13% |
| Operating profit | $38.8M | -14% | +19% |
| Net earnings | $25.7M | -84% | +40% |
| Operating cash flow | $57.3M | -40% | -20% |
| Free cash flow | $31.1M | -65% | +19% |
What changed
Revenue was $242.4M in Q4 2025, up 18% year over year and up 6% from the previous quarter.
Gross margin was 58.7%, down 2.8 points from a year earlier. Operating profit was $38.8M, a 16.0% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 17% reached operating profit, above the 16% margin then. Operating expenses grew 11% against revenue growth of 18%. The fastest-growing cost line was Sales & marketing (+16%). Net earnings were $25.7M, up 40% year over year. The effective tax rate was 21.1%.
Operating cash flow was $57.3M (down 20% year over year), 223% of net earnings. Non-cash charges added back $40.4M of depreciation and amortization and $20.0M of share-based compensation. Working capital and other items used $28.8M. Capital expenditures of $26.2M left free cash flow of $31.1M.
Questions
What was DigitalOcean Holdings' revenue in the fourth quarter 2025?
DigitalOcean Holdings (DOCN) reported revenue of $242M for the fourth quarter 2025 (Q4 2025), +18% from a year earlier and +6% from the quarter before.
Was DigitalOcean Holdings profitable in the fourth quarter 2025?
Operating profit was $38.8M (16.0% of revenue) and net earnings $25.7M.