DigitalOcean Holdings, Inc.

DOCNNYSETechnology● Active

$169.87

$-10.63(-5.89%)

Market Cap$17.7B

P/E Ratio—

52W High$180.19

52W Low$25.56

Avg Volume4.4M

Open$177.17

Beta1.57

Overview

DigitalOcean Holdings, Inc. (DOCN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DOCN · free cash flow · updated Jun 8, 2026

Core FCF metrics

DOCN · FCF · TTM · margin & CAGR

Free cash flow was $169.8M for FY2025 (fiscal year ending 2025-12-31), up 76.5% year-over-year The FCF margin was 18.8%.

FY2025 Free Cash Flow$169.8M▲ +76.5% YoY

Trailing 12M (TTM)$8.4Mtrailing 4 quarters sum

FCF Margin18.8%$169.8M ÷ revenue

3-Year CAGR+31.3%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DOCN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$309.6M(140M)$169.8M▲ +76.5%18.8%

FY2024$282.7M(187M)$96.2M▼ 12.6%12.3%

FY2023$234.9M(125M)$110.1M▲ +47.0%15.9%

FY2022$195.2M(120M)$74.9M▲ +212.0%13.0%

FY2021$133.1M(109M)$24.0M▲ +141.9%5.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DOCN · P/FCF · FCF yield · FCF per share

DigitalOcean Holdings, Inc. (DOCN) trades at a FCF yield of 0.23% and a price-to-free-cash-flow ratio of 1887.4x. FCF per share stands at $0.09, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.23%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.09

TTM FCF ÷ Shares Outstanding

Price / FCF

x1887.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x446.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DOCN · cash flow statement · operating / investing / financing

For FY2025, DigitalOcean Holdings, Inc. generated $309.6M in operating cash flow and spent 140M in capital expenditures, yielding $169.8M in free cash flow.

Operating Activities

+$309.6M

Cash from core business operations

2025-12-31

Investing Activities

−$268.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$216.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($309.6M) − |CapEx| (140M) = FCF ($169.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

DOCN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

DigitalOcean Holdings, Inc.YOU

DOCN

$169.8M+76.5%18.8%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

DigitalOcean Holdings, Inc. (DOCN) reported free cash flow of $169.8M for FY2025 (fiscal year ending 2025-12-31), up 76.5% year-over-year. The FCF margin was 18.8%.

Based on available data, DigitalOcean Holdings, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $169.8M in FY2025.

DigitalOcean Holdings, Inc.'s FCF yield is 0.23% and price-to-FCF ratio is 1887.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DOCN free cash flow · 8 questions

DigitalOcean Holdings, Inc. free cash flow was $169.8M for FY2025, up 76.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $8.4M.

DOCN free cash flowDOCN FCFDOCN FCF 2025DOCN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · DigitalOcean Holdings, Inc. · DigitalOcean Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026