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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 Ratings4.5More
Overall CultureAMore
View Jobs (48)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2020)581
Job Openings48
Revenue (FY, 2020)$318.4 M(+25%)
Share Price (May 2022)$33.7(+10%)
Cybersecurity ratingFMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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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
Gabe Monroy

Gabe Monroy

Chief Product 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 (12-May-2022)

3.6b

Closing stock price (12-May-2022)

33.7

Cash (31-Dec-2020)

100.3m

EV

3.7b
DigitalOcean's current market capitalization is $3.6 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%
show all
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
show all
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, 22.0% from Asia, 30.0% from Europe and 10.0% from Other

Human Capital Metrics

Source: www.deartechpeople.com
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DigitalOcean Cybersecurity Score

Cybersecurity ratingPremium dataset

F

32/100

Learn more about our premium products
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DigitalOcean Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

Learn more about our premium products
CSRHub logo

DigitalOcean Online and Social Media Presence

DigitalOcean's Trends

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DigitalOcean Company Culture

  • Overall Culture

    A

    81/100

  • CEO Rating

    A+

    80/100

  • Compensation

    B

    77/100

  • Diversity

    B+

    81/100

Learn more on Comparably

DigitalOcean News and Updates

March 15, 2022

CSS-Tricks has been acquired by DigitalOcean

Comments
September 07, 2021

DigitalOcean embraces serverless computing with Nimbella acquisition

DigitalOcean has acquired Nimbella, a company setting out to make multicloud serverless software development easier.
September 07, 2021

DigitalOcean enhances serverless capabilities with Nimbella acquisition

As developers look for ways to simplify how they create software, serverless solutions, which enable them to write code without worrying about the underlying infrastructure required to run their applications, is becoming increasingly popular. DigitalOcean announced today that it is enhancing its exi…
August 09, 2021

Name.com strengthens hosting options with DigitalOcean Droplets

DENVER, Aug. 9, 2021 /PRNewswire/ -- Name.com announces it is now selling DigitalOcean Droplets directly to customers, adding best-in-class cloud computing to its product suite. The addition of DigitalOcean deepens Name.com's one-stop offering of best-in-class products for developers,...
August 06, 2021

DigitalOcean posts solid earnings beat as demand for developer cloud accelerates

Cloud infrastructure company DigitalOcean Holdings Inc. posted its first quarterly financial results today, beating Wall Street’s expectations. The company reported second quarter earnings before certain costs such as stock compensation of 2 cents per share on revenue of $103.8 million, up 35% from…
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.
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DigitalOcean Blogs

May 16, 2022

New $4 Droplet and updated pricing

Since we introduced Droplets a decade ago, we’ve grown alongside our customers as their needs have changed. We’ve invested in our infrastructure, expanded our geographic footprint, and introduced new products like DigitalOcean Kubernetes, App Platform, and Managed Databases. These investments ha…
May 11, 2022

DigitalOcean Named to Inc.'s Best Workplaces List | DigitalOcean

DigitalOcean has been named to Inc. Magazine’s annual “Best Workplacesâ€� list for the second year in a row. The “Best Workplacesâ€� list recognizes U.S.-based companies that have “excelled in creating exceptional workplaces and company culture, whether operating in a physical or virtual fac…
May 10, 2022

DigitalOcean mitigated the AMD vulnerability

Today, AMD publicly disclosed a vulnerability that affected DigitalOcean’s Premium AMD Droplets. What happenedThe vulnerability resulted from a bug in AMD CPU’s core logic that could allow a potential malicious user to cause the CPU core to hang by executing specific code from an unprivileged V…
May 10, 2022

April 2022 Products and Features | DigitalOcean

DigitalOcean’s product team has been working hard in April to bring developers new features and capabilities. Find out the latest news, including improvements for PaaS, DBaaS, Developer Solutions, and more, and learn about the new SaaS Add-Ons from the DigitalOcean Marketplace, now available on-de…
May 10, 2022

DigitalOcean at KubeCon + CloudNativeCon EU 2022 | DigitalOcean

We’re thrilled to meet up with technologists from leading open source and cloud native communities at KubeCon + CloudNativeCon Europe 2022. This year, DigitalOcean will join talented individuals across industries to share how cloud native tech can speed up development while lowering overall costs.…
May 09, 2022

Best Practices for Serverless | DigitalOcean

Function as a Service (FaaS) is the subset of serverless computing that’s focused on event-driven triggers where code runs in response to events or requests. Reports and Data predicts that Function as a Service (FaaS) will reach around $53 billion by 2028. As the adoption of FaaS continues to incr…
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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, OVHcloud 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.