DigitalOcean Historical Income Statement

DOCN Stock

USD 37.53 0.49 1.29%

Historical analysis of DigitalOcean Holdings income statement accounts such as Depreciation And Amortization of 91.5 M or Interest Expense of 9.2 M can show how well DigitalOcean Holdings performed in making a profits. Evaluating DigitalOcean Holdings income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of DigitalOcean Holdings's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining DigitalOcean Holdings latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether DigitalOcean Holdings is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigitalOcean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.

About DigitalOcean Income Statement Analysis

DigitalOcean Holdings Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to DigitalOcean Holdings shareholders. The income statement also shows DigitalOcean investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

DigitalOcean Holdings Income Statement Chart

At this time, DigitalOcean Holdings' EBITDA is very stable compared to the past year. As of the 21st of November 2024, Income Before Tax is likely to grow to about 28.1 M, while Depreciation And Amortization is likely to drop about 91.5 M.

Selling And Marketing Expenses Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts DigitalOcean Holdings generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of DigitalOcean Holdings minus its cost of goods sold. It is profit before DigitalOcean Holdings operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of DigitalOcean Holdings. It is also known as DigitalOcean Holdings overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from DigitalOcean Holdings' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into DigitalOcean Holdings current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigitalOcean Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.At this time, DigitalOcean Holdings' EBITDA is very stable compared to the past year. As of the 21st of November 2024, Income Before Tax is likely to grow to about 28.1 M, while Depreciation And Amortization is likely to drop about 91.5 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.7M	8.4M	8.9M	9.2M
Depreciation And Amortization	88.4M	102.2M	117.9M	91.5M

Interest Expense Depreciation And Amortization

DigitalOcean Holdings income statement Correlations

	Tax Provision	Net Interest Income	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Net Income From Continuing Ops	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Reconciled Depreciation	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Interest Income	Non Operating Income Net Other
Tax Provision		0.97	0.59	0.24	0.51	0.46	0.59	0.55	0.57	0.9	0.93	0.95	0.48	0.86	0.65	0.52	0.59	0.95	0.7	0.93	1.0	0.8	0.73
Net Interest Income	0.97		0.61	0.05	0.56	0.53	0.62	0.6	0.61	0.93	0.97	0.96	0.53	0.86	0.66	0.57	0.61	0.97	0.82	0.97	0.97	0.82	0.77
Depreciation And Amortization	0.59	0.61		0.38	0.97	0.94	0.99	0.99	0.99	0.84	0.78	0.79	0.98	0.9	0.99	0.98	1.0	0.77	0.34	0.78	0.59	0.86	0.85
Interest Expense	0.24	0.05	0.38		0.32	0.22	0.33	0.3	0.33	0.17	0.14	0.25	0.28	0.34	0.38	0.29	0.38	0.15	-0.31	0.14	0.24	0.33	0.35
Selling General Administrative	0.51	0.56	0.97	0.32		0.99	0.99	0.99	0.99	0.79	0.74	0.74	0.98	0.85	0.96	1.0	0.97	0.72	0.42	0.74	0.51	0.87	0.89
Selling And Marketing Expenses	0.46	0.53	0.94	0.22	0.99		0.96	0.98	0.97	0.76	0.71	0.7	0.97	0.82	0.93	0.99	0.94	0.69	0.46	0.71	0.46	0.84	0.88
Total Revenue	0.59	0.62	0.99	0.33	0.99	0.96		1.0	1.0	0.84	0.79	0.79	0.98	0.89	0.99	0.99	0.99	0.77	0.41	0.79	0.59	0.89	0.87
Gross Profit	0.55	0.6	0.99	0.3	0.99	0.98	1.0		1.0	0.82	0.77	0.76	0.99	0.88	0.98	1.0	0.99	0.75	0.41	0.77	0.55	0.88	0.87
Other Operating Expenses	0.57	0.61	0.99	0.33	0.99	0.97	1.0	1.0		0.83	0.78	0.78	0.98	0.89	0.99	1.0	0.99	0.76	0.41	0.78	0.57	0.89	0.88
Operating Income	0.9	0.93	0.84	0.17	0.79	0.76	0.84	0.82	0.83		0.99	0.99	0.79	0.98	0.85	0.8	0.84	0.99	0.69	0.99	0.9	0.89	0.88
Net Income From Continuing Ops	0.93	0.97	0.78	0.14	0.74	0.71	0.79	0.77	0.78	0.99		0.99	0.72	0.96	0.81	0.75	0.78	1.0	0.75	1.0	0.93	0.89	0.87
Ebit	0.95	0.96	0.79	0.25	0.74	0.7	0.79	0.76	0.78	0.99	0.99		0.71	0.97	0.82	0.74	0.79	1.0	0.71	0.99	0.95	0.9	0.88
Research Development	0.48	0.53	0.98	0.28	0.98	0.97	0.98	0.99	0.98	0.79	0.72	0.71		0.85	0.95	0.99	0.98	0.7	0.33	0.72	0.48	0.8	0.82
Ebitda	0.86	0.86	0.9	0.34	0.85	0.82	0.89	0.88	0.89	0.98	0.96	0.97	0.85		0.9	0.86	0.9	0.96	0.59	0.96	0.86	0.9	0.92
Cost Of Revenue	0.65	0.66	0.99	0.38	0.96	0.93	0.99	0.98	0.99	0.85	0.81	0.82	0.95	0.9		0.97	0.99	0.8	0.41	0.81	0.65	0.92	0.86
Total Operating Expenses	0.52	0.57	0.98	0.29	1.0	0.99	0.99	1.0	1.0	0.8	0.75	0.74	0.99	0.86	0.97		0.98	0.73	0.41	0.75	0.52	0.86	0.88
Reconciled Depreciation	0.59	0.61	1.0	0.38	0.97	0.94	0.99	0.99	0.99	0.84	0.78	0.79	0.98	0.9	0.99	0.98		0.77	0.34	0.78	0.59	0.86	0.85
Income Before Tax	0.95	0.97	0.77	0.15	0.72	0.69	0.77	0.75	0.76	0.99	1.0	1.0	0.7	0.96	0.8	0.73	0.77		0.75	1.0	0.95	0.88	0.86
Total Other Income Expense Net	0.7	0.82	0.34	-0.31	0.42	0.46	0.41	0.41	0.41	0.69	0.75	0.71	0.33	0.59	0.41	0.41	0.34	0.75		0.75	0.7	0.67	0.67
Net Income	0.93	0.97	0.78	0.14	0.74	0.71	0.79	0.77	0.78	0.99	1.0	0.99	0.72	0.96	0.81	0.75	0.78	1.0	0.75		0.93	0.89	0.87
Income Tax Expense	1.0	0.97	0.59	0.24	0.51	0.46	0.59	0.55	0.57	0.9	0.93	0.95	0.48	0.86	0.65	0.52	0.59	0.95	0.7	0.93		0.8	0.73
Interest Income	0.8	0.82	0.86	0.33	0.87	0.84	0.89	0.88	0.89	0.89	0.89	0.9	0.8	0.9	0.92	0.86	0.86	0.88	0.67	0.89	0.8		0.93
Non Operating Income Net Other	0.73	0.77	0.85	0.35	0.89	0.88	0.87	0.87	0.88	0.88	0.87	0.88	0.82	0.92	0.86	0.88	0.85	0.86	0.67	0.87	0.73	0.93

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DigitalOcean Holdings Account Relationship Matchups

DigitalOcean Holdings income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Tax Provision	793K	911K	1.3M	(124K)	7.4M	7.7M
Net Interest Income	(9.4M)	(13.6M)	(3.7M)	(8.4M)	14.9M	15.6M
Depreciation And Amortization	63.1M	75.3M	88.4M	102.2M	117.9M	91.5M
Interest Expense	9.4M	13.6M	3.7M	8.4M	8.9M	9.2M
Selling General Administrative	71.2M	80.2M	102.6M	165.2M	162.7M	117.5M
Selling And Marketing Expenses	31.3M	33.5M	50.9M	81.5M	73.0M	54.9M
Total Revenue	254.8M	318.4M	428.6M	576.3M	692.9M	453.6M
Gross Profit	132.6M	172.8M	258.0M	364.4M	408.9M	264.5M
Other Operating Expenses	284.7M	334.2M	439.7M	602.5M	681.0M	471.6M
Operating Income	(30.2M)	(28.8M)	(11.0M)	(15.6M)	11.9M	12.5M
Net Income From Continuing Ops	(40.4M)	(43.6M)	(19.5M)	(24.3M)	19.4M	20.4M
Ebit	(30.2M)	(29.0M)	(14.5M)	(15.5M)	35.7M	37.5M
Research Development	60.0M	75.0M	115.7M	143.9M	140.4M	106.3M
Ebitda	32.8M	46.2M	73.9M	86.7M	153.6M	161.3M
Cost Of Revenue	122.3M	145.5M	170.6M	211.9M	284.0M	189.1M
Total Operating Expenses	162.5M	188.6M	269.2M	390.6M	397.0M	282.6M
Reconciled Depreciation	63.1M	75.6M	88.4M	102.2M	117.9M	91.6M
Income Before Tax	(39.6M)	(42.7M)	(18.2M)	(24.4M)	26.8M	28.1M
Total Other Income Expense Net	(9.4M)	(26.9M)	(7.0M)	1.8M	14.9M	15.6M
Net Income Applicable To Common Shares	(40.4M)	(43.6M)	(19.5M)	(24.3M)	(27.9M)	(29.3M)
Net Income	(40.4M)	(43.6M)	(19.5M)	(24.3M)	19.4M	20.4M
Income Tax Expense	793K	911K	1.3M	(124K)	7.4M	7.7M

Pair Trading with DigitalOcean Holdings

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DigitalOcean Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DigitalOcean Holdings will appreciate offsetting losses from the drop in the long position's value.

Moving together with DigitalOcean Stock

0.64

BlackBerry

Pair Corr

Moving against DigitalOcean Stock

0.51	VRNT	Verint Systems	Pair Corr
0.43	FIVN	Five9 Inc	Pair Corr
0.36	VRAR	Glimpse Group	Pair Corr

The ability to find closely correlated positions to DigitalOcean Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DigitalOcean Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DigitalOcean Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DigitalOcean Holdings to buy it.

The correlation of DigitalOcean Holdings is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DigitalOcean Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DigitalOcean Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for DigitalOcean Holdings can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether DigitalOcean Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DigitalOcean Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Digitalocean Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Digitalocean Holdings Stock:

How To Invest In DigitalOcean

Details

Is DigitalOcean Stock a good investment?

Details

What is DigitalOcean Holdings' Net Worth?

Details

Largest Internet Services & Infrastructure Companies

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Largest Software - Infrastructure Companies

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To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.

You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

Is Internet Services & Infrastructure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DigitalOcean Holdings. If investors know DigitalOcean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DigitalOcean Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.65

Earnings Share

0.86

Revenue Per Share

8.348

Quarterly Revenue Growth

0.121

Return On Assets

0.0438

The market value of DigitalOcean Holdings is measured differently than its book value, which is the value of DigitalOcean that is recorded on the company's balance sheet. Investors also form their own opinion of DigitalOcean Holdings' value that differs from its market value or its book value, called intrinsic value, which is DigitalOcean Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DigitalOcean Holdings' market value can be influenced by many factors that don't directly affect DigitalOcean Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between DigitalOcean Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DigitalOcean Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DigitalOcean Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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DigitalOcean Historical Income Statement

About DigitalOcean Income Statement Analysis

DigitalOcean Holdings Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

DigitalOcean Holdings income statement Correlations

DigitalOcean Holdings Account Relationship Matchups

High Positive Relationship

High Negative Relationship

DigitalOcean Holdings income statement Accounts

Pair Trading with DigitalOcean Holdings

Moving together with DigitalOcean Stock

Moving against DigitalOcean Stock

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COMPANY

Income Tax Expense	+ 1.0	Tax Provision
Reconciled Depreciation	+ 1.0	Depreciation And Amortization
Total Operating Expenses	+ 1.0	Selling General Administrative
Gross Profit	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Gross Profit