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DigitalOcean Valuation Multiples
Discover revenue and EBITDA valuation multiples for DigitalOcean and similar public comparables like Applied Digital, GDS Holdings, Oracle Corp Japan, Nutanix and more.
DigitalOcean Overview
About DigitalOcean
DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups, and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. Geographically, the company generates maximum revenue from North America and also has a presence in Europe, Asia, and the Rest of the world.
Founded
2012
HQ
Employees
1.5K
Website
Financials (LTM)
EV
$10B
DigitalOcean Financials
DigitalOcean reported last 12-month revenue of $959M and EBITDA of $384M.
In the same LTM period, DigitalOcean generated $565M in gross profit, $384M in EBITDA, and $190M in net income.
Revenue (LTM)
DigitalOcean P&L
In the most recent fiscal year, DigitalOcean reported revenue of $901M and EBITDA of $375M.
DigitalOcean expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $959M | XXX | $901M | XXX | XXX | XXX |
| Gross Profit | $565M | XXX | $540M | XXX | XXX | XXX |
| Gross Margin | 59% | XXX | 60% | XXX | XXX | XXX |
| EBITDA | $384M | XXX | $375M | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 42% | XXX | XXX | XXX |
| EBIT Margin | 25% | XXX | 29% | XXX | XXX | XXX |
| Net Profit | $190M | XXX | $259M | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 29% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
DigitalOcean Stock Performance
DigitalOcean has current market cap of $9B, and enterprise value of $10B.
Market Cap Evolution
DigitalOcean's stock price is $85.63.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $9B | 0.0% | XXX | XXX | XXX | $2.49 |
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Start Free TrialDigitalOcean Valuation Multiples
DigitalOcean trades at 10.7x EV/Revenue multiple, and 26.7x EV/EBITDA.
EV / Revenue (LTM)
DigitalOcean Financial Valuation Multiples
As of April 19, 2026, DigitalOcean has market cap of $9B and EV of $10B.
Equity research analysts estimate DigitalOcean's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
DigitalOcean has a P/E ratio of 46.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 10.7x | XXX | 11.4x | XXX | XXX | XXX |
| EV/EBITDA | 26.7x | XXX | 27.3x | XXX | XXX | XXX |
| EV/EBIT | 42.9x | XXX | 39.8x | XXX | XXX | XXX |
| EV/Gross Profit | 18.2x | XXX | 19.0x | XXX | XXX | XXX |
| P/E | 46.7x | XXX | 34.3x | XXX | XXX | XXX |
| EV/FCF | 61.8x | XXX | 61.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified DigitalOcean Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
DigitalOcean Margins & Growth Rates
DigitalOcean's revenue in the last 12 month grew by 24%.
DigitalOcean's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.
DigitalOcean's rule of 40 is 58% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
DigitalOcean's rule of X is 91% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
DigitalOcean Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Growth | 19% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 58% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 91% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 7% | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 15% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 15% | XXX | 18% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 42% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
DigitalOcean Public Comps
See public comps and valuation multiples for other Cloud Infrastructure and Developer Tools comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| DigitalOcean | XXX | XXX | XXX | XXX | XXX | XXX |
| Applied Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| GDS Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Oracle Corp Japan | XXX | XXX | XXX | XXX | XXX | XXX |
| Nutanix | XXX | XXX | XXX | XXX | XXX | XXX |
| Confluent | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
DigitalOcean M&A Activity
DigitalOcean acquired XXX companies to date.
Last acquisition by DigitalOcean was on XXXXXXXX, XXXXX. DigitalOcean acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by DigitalOcean
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDigitalOcean Investment Activity
DigitalOcean invested in XXX companies to date.
DigitalOcean made its latest investment on XXXXXXXX, XXXXX. DigitalOcean invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by DigitalOcean
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout DigitalOcean
| When was DigitalOcean founded? | DigitalOcean was founded in 2012. |
| Where is DigitalOcean headquartered? | DigitalOcean is headquartered in United States. |
| How many employees does DigitalOcean have? | As of today, DigitalOcean has over 1K employees. |
| Who is the CEO of DigitalOcean? | DigitalOcean's CEO is Padmanabhan T. Srinivasan. |
| Is DigitalOcean publicly listed? | Yes, DigitalOcean is a public company listed on NYSE. |
| What is the stock symbol of DigitalOcean? | DigitalOcean trades under DOCN ticker. |
| When did DigitalOcean go public? | DigitalOcean went public in 2021. |
| Who are competitors of DigitalOcean? | DigitalOcean main competitors are Applied Digital, GDS Holdings, Oracle Corp Japan, Nutanix. |
| What is the current market cap of DigitalOcean? | DigitalOcean's current market cap is $9B. |
| What is the current revenue of DigitalOcean? | DigitalOcean's last 12 months revenue is $959M. |
| What is the current revenue growth of DigitalOcean? | DigitalOcean revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of DigitalOcean? | Current revenue multiple of DigitalOcean is 10.7x. |
| Is DigitalOcean profitable? | Yes, DigitalOcean is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of DigitalOcean? | DigitalOcean's last 12 months EBITDA is $384M. |
| What is DigitalOcean's EBITDA margin? | DigitalOcean's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of DigitalOcean? | Current EBITDA multiple of DigitalOcean is 26.7x. |
| What is the current FCF of DigitalOcean? | DigitalOcean's last 12 months FCF is $166M. |
| What is DigitalOcean's FCF margin? | DigitalOcean's last 12 months FCF margin is 17%. |
| What is the current EV/FCF multiple of DigitalOcean? | Current FCF multiple of DigitalOcean is 61.8x. |
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