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, US
Websitedigitalocean.com
Employee Ratings4.4
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)581
Job Openings49
Revenue (FY, 2020)$318.4 M(+25%)
Share Price (Apr 2021)$41.4(-2%)
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
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DigitalOcean Financials and Metrics

DigitalOcean Revenue

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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 (23-Apr-2021)

4.3b

Closing stock price (23-Apr-2021)

41.4

Cash (31-Dec-2020)

100.3m

EV

4.4b
DigitalOcean's current market capitalization is $4.3 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%
USDFY, 2019FY, 2020

Cash

32.9m100.3m

Accounts Receivable

20.7m26.8m

Prepaid Expenses

7.0m20.8m

Current Assets

60.6m148.0m
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
USDFY, 2018

Revenue/Employee

467.5k
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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
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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

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DigitalOcean Cybersecurity Score

Cybersecurity ratingPremium dataset

F

29/100

SecurityScorecard logo

DigitalOcean Online and Social Media Presence

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DigitalOcean Company Culture

  • Overall Culture

    B

    77/100

  • CEO Rating

    B-

    73/100

  • Compensation

    C+

    72/100

Learn more on Comparably

DigitalOcean News and Updates

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…

Blavatnik-Backed DigitalOcean Raises About $775 Million in IPO

Blavatnik-Backed DigitalOcean Raises About $775 Million in IPO

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.

Olo raises IPO range as DigitalOcean sees possible $5B debut valuation

Let's explore both companies' pricing intervals through our usual lens of revenue multiples, market comps and general sass.

DigitalOcean sets IPO terms, to be valued at nearly $5 billion

DigitalOcean Holdings Inc. disclosed Monday that it set terms of its initial public offering, as the New York-based cloud computing company looks to raise up to $775.5 million and be valued at up to $4.95 billion. The company is offering 16.5 million shares in the IPO, which is expected to price be…
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DigitalOcean Blogs

Announcing new, consolidated site for all technical resources: docs.digitalocean.com

A few weeks ago, we introduced a new website for DigitalOcean technical documentation that’s a comprehensive resource including tutorials, product details, sample code, references, etc. It was a significant effort that involved consolidation of key content that our customers leverage to build their …

Latest products and features at DigitalOcean: April 2021

April was another busy month where we focused on building new capabilities to help you achieve better performance, scalability, and efficiency for your apps. Here’s a snapshot of some of the key updates.

Build powerful WordPress websites without the hassle of database management

WordPress is one of the most popular content management system (CMS) solutions and is used by over 40% of the top 10 million websites in the world.Â

DigitalOcean Managed Databases now support Droplets with 100% dedicated vCPUs for your mission critical workloads

A couple of years ago, we launched DigitalOcean Managed Databases to give you the ability to focus more on building apps while spending less time on managing the database. With Managed Databases, you can spin up PostgreSQL, MySQL, and Redis clusters with just a few clicks. You don't have to worry ab…

Latest products and features at DigitalOcean: March 2021

We launched exciting new capabilities in March to help you achieve better performance, scalability, and efficiency for your apps. Here’s a snapshot of some of the key updates.

Introducing the DigitalOcean OpenAPI Specification

When v2 of our API first entered general availability in April of 2015, it consisted mainly of features supporting Droplets and domains. Since then, DigitalOcean’s product portfolio has grown, and the surface area of our API has greatly expanded along with it. Today our API supports App Platform, da…
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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.