Jun 2026 (Q2 FY26) — Aug 4, 2026
DigitalOcean Q2 FY26 — Accelerated Growth Driven by AI Native Cloud and Inference Engine
Read the full callDigitalOcean (DOCN) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
DigitalOcean earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 281 | +28.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.4 | −5.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 35.4 | −4.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
36 of 36 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly adjusted EBITDA margin | 37% to 38% | Mar 2026 | Adjusted EBITDA was $114 million, an adjusted EBITDA margin of 40% | Achieved |
| Full-year adjusted EBITDA margin | high 30s to 40% | Sep 2025 | We expect adjusted EBITDA margins of approximately 39% | Revised Up |
| Legacy bare metal CPU ARR roll-off | approximately $13 million of ARR to roll off by the end of Q1 2026 | Dec 2025 | Pending |
24 of DigitalOcean Holdings, Inc.'s 60 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 57 more targets are in the full ledger.
Claimed
- Q2 revenue grew 29% year-over-year to $281 million, exceeding guidance.
- Incremental ARR reached a record $93 million in Q2, nearly triple the prior year.
- AI customer ARR grew over 200% year-over-year to $234 million.
- Inference services grew almost 800% year-over-year, now representing over 70% of total AI customer ARR.
- Adjusted EBITDA margin remained strong at 40%, with adjusted operating income margin at 24%.
Qualified
- The company continues to manage supply chain challenges facing the entire industry.
- Net dollar retention (NDR) is no longer highlighted as a key financial metric, despite reaching a 3-year high of 102% in Q2, due to changing business dynamics.
Price
$109.47 +0.16% · +$0.18
Performance +170.4% 1Y
1Y: $40.48 on 14 Oct 2025 → $109.47. High $181.29 (15 Jun 2026), low $37.94 (30 Oct 2025).
- Previous close
- $109.29
- 52-week range
- $37.94 – $181.29
- One year
- +151.94%
Overview
- Symbol
- DOCN
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
36 of 36 judged targets kept · 24 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly adjusted EBITDA margin | 37% to 38% | Mar 2026 | Adjusted EBITDA was $114 million, an adjusted EBITDA margin of 40% | Achieved |
| Full-year adjusted EBITDA margin | high 30s to 40% | Sep 2025 | We expect adjusted EBITDA margins of approximately 39% | Revised Up |
| Legacy bare metal CPU ARR roll-off | approximately $13 million of ARR to roll off by the end of Q1 2026 | Dec 2025 | Pending |
Claimed
- Q2 revenue grew 29% year-over-year to $281 million, exceeding guidance.
- Incremental ARR reached a record $93 million in Q2, nearly triple the prior year.
- AI customer ARR grew over 200% year-over-year to $234 million.
- Inference services grew almost 800% year-over-year, now representing over 70% of total AI customer ARR.
- Adjusted EBITDA margin remained strong at 40%, with adjusted operating income margin at 24%.
Qualified
- The company continues to manage supply chain challenges facing the entire industry.
- Net dollar retention (NDR) is no longer highlighted as a key financial metric, despite reaching a 3-year high of 102% in Q2, due to changing business dynamics.
The full ledger
Open DigitalOcean Holdings, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 60 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
DigitalOcean Q1 FY26 — Accelerating Growth Driven by AI Native Cloud and Capacity Expansion
Read the full callDec 2025 (Q4 FY25) — Feb 24, 2026
DigitalOcean Q4 FY25 — AI-driven Growth Acceleration and Strong Profitability
Read the full callEvery analysed call
DigitalOcean earnings calls (DOCN)
Financials
What the filings say
Net profit, year on year: −4% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 198 | 205 | 211 | 219 | 230 | 242 | 258 | 281 |
| Operating profit | 25 | 33 | 38 | 36 | 45 | 39 | 37 | 29 |
| Operating margin | 12.4% | 15.9% | 17.9% | 16.3% | 19.6% | 16.0% | 14.2% | 10.4% |
| Other income | 5 | -4 | 4 | 7 | 45 | -6 | -12 | -2 |
| Interest | 2 | 2 | 2 | 2 | 5 | 8 | 11 | 7 |
| Profit before tax | 30 | 29 | 41 | 42 | 90 | 33 | 24 | 27 |
| Tax rate | −11.2% | 37.0% | 7.7% | 12.8% | −75.4% | 21.1% | 35.6% | −30.6% |
| Net profit | 33 | 18 | 38 | 37 | 158 | 26 | 16 | 35 |
| EPS ($ per share) | 0.36 | 0.20 | 0.42 | 0.41 | 1.74 | — | 0.17 | 0.34 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | — | -167 | -187 | -214 | -344 | -259 | -44 |
| Total liabilities | — | 329 | 1,523 | 1,768 | 1,775 | 1,842 | 1,866 |
| Fixed assets | — | 239 | 250 | 273 | 305 | 433 | 589 |
| Investments | — | — | 0 | 723 | 95 | 0 | — |
| Total assets | — | 430 | 2,101 | 1,816 | 1,461 | 1,639 | 1,838 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 40 | 58 | 133 | 195 | 235 | 283 | 310 |
| Cash from investing | -87 | -116 | -114 | -1,148 | 401 | -95 | -268 |
| Cash from financing | 50 | 124 | 1,593 | -610 | -469 | -76 | -217 |
| Net cash flow | 2 | 67 | 1,613 | -1,564 | 167 | 111 | -176 |
| Capital expenditure | -54 | -98 | -97 | -106 | -119 | -178 | -129 |
| Free cash flow | -14 | -40 | 36 | 89 | 116 | 105 | 181 |
DOCN operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Annual recurring revenue (ARR) Customers spending over $1M | $133MOur $1 million-dollar customers reached $133 million in ARR, growing at 123% year-over-year.Source: earnings call transcript | $183MQ1 revenue was $258 million up 22% year-over-year, with million dollar plus customers growing 179% year-over-year to $183 million in ARR.Source: earnings call transcript | — | +37.6% |
| Annual recurring revenue (ARR) AI customers | $120MAnd these customers are growing rapidly with Q4 AI customer ARR reaching $120 million, growing 150% year-over-year, now making up 12% of total ARR.Source: earnings call transcript | $170MAI customer ARR grew 221% to $170 million, and we beat every financial target we shared in our last call.Source: earnings call transcript | $234MAI customer ARR reached $234 million, growing over 200% year-over-year.Source: earnings call transcript | +37.6% |
| Remaining performance obligation (RPO) | $134MWe also continue to improve visibility on our near-term revenue growth as we increased RPO in Q4 to $134 million, up 121% sequentially and up close to 500% year-over-year.Source: earnings call transcript | $243M[ RPO ] reached $243 million, up an extraordinary 1,700% year-over-year.Source: earnings call transcript | $894MThis traction is evident in the material commitments we secured during the quarter which collectively increased remaining performance obligations to $894 million, up more than 12x year-over-year with a 3.7-year average life.Source: earnings call transcript | +267.9% |
| Data centers | — | 20We operate a global scale infrastructure with 20 data centers purpose built for AI workloads running a full stack core computing platform with a complete set of computing primitive that Agentic workloads demand.Source: earnings call transcript | 20Every turn adds products to the stack we own, an integrated platform running on our own infrastructure, spanning 20 global data centers, owning the stack lowers our cost to serve and that lower cost structure combined with the emergence of high-quality, low-cost open weight models gives us better unit economics to serve our customers, which in turn enables us to win more customers.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
85 filings between Dec 1, 2025 and Sep 30, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$573.75M
33 sales by 7 insiders
21% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 33
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 17
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Access Industries Holdings LLC | — | $556.77M | May 13, 2026 |
| Steinfort Matt | — | $7.68M | Sep 3, 2026 |
| JENSON WARREN | — | $2.95M | May 19, 2026 |
| Srinivasan Padmanabhan T | — | $2.93M | Sep 21, 2026 |
| Barrett Cherie | — | $2.22M | Sep 3, 2026 |
| SCHNEIDER HILARY | — | $678.4K | May 15, 2026 |
| Adelman Warren J | — | $520.9K | Aug 7, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 30, 2026 | Kumar Vinay S. Chief Product & Tech Officer | Tax withheld | 40,022 | $5.40M |
| Sep 30, 2026 | Keffer Pueo Director | Award | 122 | $15.5K |
| Sep 30, 2026 | Arora Pratima Director | Award | 122 | $15.5K |
| Sep 30, 2026 | JENSON WARREN Director | Award | 152 | $19.3K |
| Sep 30, 2026 | Adelman Warren J Director | Award | 186 | $23.7K |
| Sep 30, 2026 | SCHNEIDER HILARY Director | Award | 147 | $18.7K |
| Sep 21, 2026 | Srinivasan Padmanabhan T Chief Executive Officer | Sale 10b5-1 plan | 11,394 | $1.60M |
| Sep 3, 2026 | Steinfort Matt Chief Financial Officer | Sale 10b5-1 plan | 10,000 | $1.06M |
| Sep 3, 2026 | Srinivasan Padmanabhan T Chief Executive Officer | Sale 10b5-1 plan | 5,697 | $602.3K |
| Sep 3, 2026 | Barrett Cherie SVP, Chief Accounting Officer | Sale 10b5-1 plan | 3,985 | $421.3K |
| Sep 1, 2026 | Barrett Cherie SVP, Chief Accounting Officer | Tax withheld 10b5-1 plan | 3,103 | $343.5K |
| Sep 1, 2026 | Srinivasan Padmanabhan T Chief Executive Officer | Tax withheld 10b5-1 plan | 14,786 | $1.64M |
| Sep 1, 2026 | Steinfort Matt Chief Financial Officer | Tax withheld 10b5-1 plan | 25,151 | $2.78M |
| Sep 1, 2026 | Kumar Vinay S. Chief Product & Tech Officer | Tax withheld | 805 | $89.1K |
| Aug 17, 2026 | Srinivasan Padmanabhan T Chief Executive Officer | Sale 10b5-1 plan | 5,697 | $735.5K |
| Aug 13, 2026 | Barrett Cherie SVP, Chief Accounting Officer | Sale 10b5-1 plan | 4,456 | $589.8K |
| Aug 7, 2026 | Adelman Warren J Director | Sale | 4,200 | $520.9K |
| Jun 30, 2026 | Kumar Vinay S. Chief Product & Tech Officer | Tax withheld | 16,702 | $2.50M |
| Jun 30, 2026 | Keffer Pueo Director | Award | 93 | $15.5K |
| Jun 30, 2026 | Adelman Warren J Director | Award | 142 | $23.7K |
| Jun 30, 2026 | JENSON WARREN Director | Award | 116 | $19.4K |
| Jun 30, 2026 | Arora Pratima Director | Award | 93 | $15.5K |
| Jun 30, 2026 | SCHNEIDER HILARY Director | Award | 112 | $18.7K |
| Jun 15, 2026 | Keffer Pueo Director | Award | 1,223 | $0 |
| Jun 15, 2026 | JENSON WARREN Director | Award | 1,223 | $0 |
| Jun 15, 2026 | Arora Pratima Director | Award | 1,223 | $0 |
| Jun 15, 2026 | Adelman Warren J Director | Award | 1,223 | $0 |
| Jun 15, 2026 | SCHNEIDER HILARY Director | Award | 1,223 | $0 |
| Jun 2, 2026 | Steinfort Matt Chief Financial Officer | Sale 10b5-1 plan | 10,000 | $1.70M |
| Jun 1, 2026 | Steinfort Matt Chief Financial Officer | Tax withheld 10b5-1 plan | 25,151 | $3.92M |
| Jun 1, 2026 | Kumar Vinay S. Chief Product & Tech Officer | Tax withheld | 498 | $77.7K |
| Jun 1, 2026 | Barrett Cherie SVP, Chief Accounting Officer | Tax withheld | 3,005 | $468.6K |
| Jun 1, 2026 | Srinivasan Padmanabhan T Chief Executive Officer | Tax withheld | 14,785 | $2.31M |
| May 19, 2026 | JENSON WARREN Director | Sale | 20,000 | $2.95M |
| May 19, 2026 | JENSON WARREN Director | Option exercise | 20,000 | $389.4K |
| May 15, 2026 | Steinfort Matt Chief Financial Officer | Sale | 25,000 | $3.81M |
| May 15, 2026 | SCHNEIDER HILARY Director | Sale | 4,338 | $678.4K |
| May 13, 2026 | Access Industries Holdings LLC Insider | Sale | 3,278,988 | $492.83M |
| May 13, 2026 | Access Industries Holdings LLC Insider | Sale | 21,012 | $3.16M |
| May 11, 2026 | Access Industries Holdings LLC Insider | Sale | 43,444 | $7.06M |
| May 11, 2026 | Access Industries Holdings LLC Insider | Sale | 27,868 | $4.49M |
| May 11, 2026 | Access Industries Holdings LLC Insider | Sale | 22,852 | $3.66M |
| May 11, 2026 | Access Industries Holdings LLC Insider | Sale | 37,178 | $5.92M |
| May 11, 2026 | Access Industries Holdings LLC Insider | Sale | 32,097 | $5.07M |
| May 11, 2026 | Access Industries Holdings LLC Insider | Sale | 14,788 | $2.32M |
| May 11, 2026 | Access Industries Holdings LLC Insider | Other | 23,688 | $0 |
| May 11, 2026 | Access Industries Holdings LLC Insider | Sale | 2,920 | $456.2K |
| May 7, 2026 | Access Industries Holdings LLC Insider | Sale | 33,657 | $5.04M |
| May 7, 2026 | Access Industries Holdings LLC Insider | Sale | 38,721 | $5.76M |
| May 7, 2026 | Access Industries Holdings LLC Insider | Sale | 12,845 | $1.90M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for DigitalOcean Holdings, Inc.
Free account. Everything above stays public.
Write why you follow DigitalOcean Holdings, Inc. and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading