DigitalOcean reports surge in revenue, profit

BROOMFIELD — DigitalOcean Holdings Inc. (NYSE: DOCN), a Broomfield-based cloud-infrastructure provider, recorded a surge in revenue and earnings for the third quarter ended Sept. 30.

The company, which quietly relocated its headquarters to Broomfield earlier this year, reported Q3 revenue of $229.6 million, up 16% from $198.5 million for the same period a year ago.

Net income attributable to common stockholders totaled $158 million, an increase of 381% year-over-year, from $32.9 million. Net income was boosted by a one-time income-tax benefit from the release of a valuation allowance of $70 million on certain deferred tax assets, and a one-time gain on the partial extinguishment of 2026 Convertible Notes of $48 million in the third quarter 2025, according to an earnings release.

DigitalOcean’s net income amounted to 54 cents per share, topping the Zacks consensus estimate of 50 cents.

“DigitalOcean’s unified agentic cloud is driving accelerated momentum in Q3,” Paddy Srinivasan, DigitalOcean CEO, said in a statement.

DigitalOcean projects fourth-quarter revenue of $237 million to $238 million, with full-year 2025 revenue projected at $896 million to $897 million.

DigitalOcean’s stock closed Tuesday at $49.99, down $1.68, or 3.25%. .

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