Form 8-K · Current Report · Filed 2025-02-25
DigitalOcean Reports Strong Q4 2024 and FY 2024 Financial Results
DigitalOcean Holdings, Inc. announced strong financial results for the fourth quarter and fiscal year ended December 31, 2024, with revenue increasing by 13% year-over-year to $205 million for Q4 and $781 million for FY 2024. Net income surged to $84 million for FY 2024, up 335% from the prior year. The company also released 125 new products and features in 2024, showcasing significant innovation. Additionally, Amy Butte, a member of the Board of Directors since 2018, will not stand for reelection at the 2025 Annual Meeting.
- Filer
- DigitalOcean Holdings Inc. DOCN · NYSE
- Filed
- Accession
- 0001582961-25-000033
- CIK
- 0001582961
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$37.17
Next session
+18.2%
Since filing
+216.1%
Latest close
$117.50
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from DOCN reporting the same item, with the next session's move:
Exhibits (1)
About DigitalOcean Holdings Inc.
DigitalOcean Holdings Inc. is a cloud infrastructure provider aimed at simplifying cloud computing for small-to-medium-sized businesses as well as individual developers. The company's primary function is to deliver scalable and cost-effective cloud services, including computing, data storage, and networking, through an intuitive platform designed for ease of use. Notably, DigitalOcean focuses on the developer experience by offering streamlined setup processes and comprehensive documentation to aid the deployment and management of cloud applications. The company impacts sectors ranging from software development to e-commerce by enabling rapid application development and growth without the complexity that typically accompanies such infrastructure solutions. A defining feature of DigitalOcean's offerings is its Droplets, which are virtual machines that can be spun up quickly to handle various server-side applications. In the competitive cloud infrastructure market, DigitalOcean stands out for its commitment to serving a niche of developers who value simplicity, transparency, and community focus, thereby playing a vital role in empowering digital innovation and entrepreneurship.
Never miss another DOCN filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.