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DigitalOcean

OverviewSuggest Edit

DigitalOcean is a company that provides software solutions for developers and businesses to deploy and scale applications in the cloud. Its products include droplets, Kubernetes, managed databases, load balancers, block storage, and API. The company also offers website hosting, video streaming hosting, web, mobile apps, and gaming development solutions, big data computing, and other services.

TypePublic
Founded2012
HQNew York, NY, USMap
Websitedigitalocean.com
Employee Ratings4.6More
Overall CultureA-More
View Jobs (79)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2020)581
Job Openings79
Revenue (FY, 2020)$318.4 M(+25%)
Share Price (Jul 2021)$52.7(+3%)
Cybersecurity ratingFMore

Key People/Management at DigitalOcean

Yancey Spruill

Yancey Spruill

Chief Executive Officer, Director
Barry Cooks

Barry Cooks

Chief Technology Officer
Carly Brantz

Carly Brantz

Chief Marketing Officer
Rob Bradley

Rob Bradley

Vice President of Investor Relations
Alan Shapiro

Alan Shapiro

General Counsel
Bill Sorenson

Bill Sorenson

Chief Financial Officer
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DigitalOcean Office Locations

DigitalOcean has offices in New York, Cambridge and Bengaluru
New York, NY, US (HQ)
101 6th Ave
Cambridge, MA, US
485 Massachusetts Ave
Bengaluru, IN
43, Residency Rd, Srinivas Nagar, Shanthala Nagar, Ashok Nagar
Show all (3)

DigitalOcean Financials and Metrics

DigitalOcean Revenue

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View revenue for all periods
DigitalOcean's revenue was reported to be $318.38 m in FY, 2020 which is a 24.9% increase from the previous period.
USD

Revenue (FY, 2020)

318.4m

Revenue growth (FY, 2019 - FY, 2020), %

24.9%

Gross profit (FY, 2020)

172.8m

Gross profit margin (FY, 2020), %

54.3%

Net income (FY, 2020)

(43.6m)

EBIT (FY, 2020)

(15.8m)

Market capitalization (21-Jul-2021)

5.6b

Closing stock price (21-Jul-2021)

52.7

Cash (31-Dec-2020)

100.3m

EV

5.8b
DigitalOcean's current market capitalization is $5.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

203.1m254.8m318.4m

Revenue growth, %

25%25%

Cost of goods sold

97.0m122.3m145.5m

Gross profit

106.1m132.6m172.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

58.3m61.9m65.3m72.8m76.9m81.2m

Cost of goods sold

28.5m29.9m30.9m34.7m35.2m37.1m

Gross profit

29.8m32.1m34.4m38.1m41.7m44.1m

Gross profit Margin, %

51%52%53%52%54%54%
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USDFY, 2019FY, 2020

Cash

32.9m100.3m

Accounts Receivable

20.7m26.8m

Prepaid Expenses

7.0m20.8m

Current Assets

60.6m148.0m
show all
USDFY, 2018FY, 2019FY, 2020

Net Income

(36.0m)(40.4m)(43.6m)

Depreciation and Amortization

52.4m63.1m75.6m

Accounts Payable

10.1m4.0m2.4m

Cash From Operating Activities

38.0m39.9m58.1m
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USDFY, 2018

Revenue/Employee

467.5k
Show all financial metrics

DigitalOcean Operating Metrics

DigitalOcean's Customers was reported to be 573 k in Q4, 2020.
Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020

Customers

519.08 k531.27 k536.81 k542.71 k546.45 k554.24 k559.31 k572.96 k

Quarterly ARPU

$37.87$39.26$40.56$42.83$44.68$46.44$48.58$51.25

Trademarks (Foreign)

4

Trademarks (US)

6
Show all operating metrics

DigitalOcean Acquisitions / Subsidiaries

Company NameDateDeal Size
Nanobox, Inc.April 04, 2019
Digital Ocean Canada Inc.
DigitalOcean EU B.V.
DigitalOcean, LLC
Droplet Offshore Services Private Limited
ServerStack, Inc.

DigitalOcean Revenue Breakdown

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DigitalOcean revenue breakdown by geographic segment: 38.0% from North America, 30.0% from Europe, 22.0% from Asia and 10.0% from Other

Human Capital Metrics

Source: www.deartechpeople.com
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DigitalOcean Cybersecurity Score

Cybersecurity ratingPremium dataset

F

31/100

Learn more about our premium products
SecurityScorecard logo

DigitalOcean Online and Social Media Presence

DigitalOcean's Trends

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DigitalOcean Company Culture

  • Overall Culture

    A-

    77/100

  • CEO Rating

    A-

    75/100

  • Compensation

    B

    73/100

Learn more on Comparably

DigitalOcean News and Updates

June 29, 2021

DigitalOcean aligns with MongoDB for managed database service

DigitalOcean Managed MongoDB service makes it simpler for organizations to consume a database-as-a-service offering.
May 22, 2021

$4.5 billion DigitalOcean put a 'short pause' on posting jobs in Colorado over a new law that requires salary disclosures

Summary List PlacementCloud firm DigitalOcean has put a "short pause" on job postings in Colorado because of a new state law that requires firms to disclose salary information. The law, which went into effect in January 2021, says companies must disclose salary and benefits in their job postings f…
April 28, 2021

DigitalOcean says customer billing data accessed in data breach

DigitalOcean has emailed customers warning of a data breach involving customers’ billing data, TechCrunch has learned. The cloud infrastructure giant told customers in an email on Wednesday, obtained by TechCrunch, that it has “confirmed an unauthorized exposure of details associated with the billin…
March 24, 2021

DigitalOcean IPO prices at $47 a share, high end of range

DigitalOcean Holdings Inc. said its initial public offering priced at $47 a share late Tuesday, the high end of its proposed price range, with the New York-based cloud computing company offering 16.5 million shares to raise $775.5 million at a valuation of $4.95 billion. The stock will start tradin…
March 24, 2021

Blavatnik-Backed DigitalOcean Raises About $775 Million in IPO

Blavatnik-Backed DigitalOcean Raises About $775 Million in IPO
March 15, 2021

DigitalOcean emphasizes simplicity in IPO filing as it prepares to battle cloud giants like Amazon

Cloud provider DigitalOcean faces deep-pocketed competitors like Amazon, Microsoft and Google, but it has a sweet spot: Simplicity for smaller businesses.
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DigitalOcean Blogs

August 03, 2021

How managed cloud hosts are evolving for a cloud-first worldÂ

Few industries have grown more quickly than the web hosting industry as small businesses recognize the need for a presence on the web. The advent of platforms like Wordpress, Shopify, and Magento have made it easier than ever for small teams of web developers to build refined, modern web presences f…
July 27, 2021

Latest products and features at DigitalOcean: July 2021

In June, we introduced DigitalOcean Managed MongoDB - a fully managed database as a service (DBaaS) offering that simplifies the administration of MongoDB. This month, we worked on some key integrations with Managed MongoDB that help further accelerate the process of app development and reduce admin…
July 22, 2021

Multi-cloud vs hybrid cloud: Everything your business needs to knowÂ

Finding the cloud computing approach that’s right for your businessÂ
July 15, 2021

Building a developer tools business on a developer-focused cloud

Software is not only eating the world, it has developed an uncanny knack of inserting itself into every aspect of this world’s functioning. This means that any improvements to how software is developed have a real impact on the overall productivity of the global economy. Tools that improve the effic…
July 13, 2021

Migrate your workloads to DigitalOcean with confidence

Cloud computing has unlocked many new opportunities for businesses. Leveraging cloud services, you get limitless access to key resources like compute, storage, and databases at a fraction of the cost of buying and maintaining your own servers. All this makes it easy to launch a new startup or scale …
June 30, 2021

Latest products and features at DigitalOcean: June 2021

We just wrapped up deploy, our annual conference where we heard from DigitalOcean customers, learned what startups need to grow their businesses, and announced new product updates, partnerships and initiatives. If you missed joining the conference, you can watch the sessions on demand and learn how …
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 DigitalOcean Frequently Asked Questions

  • When was DigitalOcean founded?

    DigitalOcean was founded in 2012.

  • Who are DigitalOcean key executives?

    DigitalOcean's key executives are Yancey Spruill, Barry Cooks and Carly Brantz.

  • How many employees does DigitalOcean have?

    DigitalOcean has 581 employees.

  • What is DigitalOcean revenue?

    Latest DigitalOcean annual revenue is $318.4 m.

  • What is DigitalOcean revenue per employee?

    Latest DigitalOcean revenue per employee is $548 k.

  • Who are DigitalOcean competitors?

    Competitors of DigitalOcean include CloudBees, OVH and Alibaba Cloud.

  • Where is DigitalOcean headquarters?

    DigitalOcean headquarters is located at 101 6th Ave, New York.

  • Where are DigitalOcean offices?

    DigitalOcean has offices in New York, Cambridge and Bengaluru.

  • How many offices does DigitalOcean have?

    DigitalOcean has 3 offices.