NYSE$DOCN
DigitalOcean Holdings Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
DigitalOcean announced its Q4 2023 earnings, demonstrating revenue growth and strategic investments.
DigitalOcean reported an 11% year-over-year increase in revenue, reaching $181 million for Q4 2023. The company's ARR reached $730 million, and it achieved a net income of $16 million, with diluted net income per share at $0.17 and non-GAAP diluted net income per share at $0.44.
- Revenue increased by 11% year-over-year to $181 million.
- ARR reached $730 million, representing an 11% year-over-year growth.
- Net income was $16 million, with a net income margin of 9%.
- Non-GAAP diluted net income per share was $0.44.
Headline financials
Revenue & EPS history
DigitalOcean · Revenue · Quarterly
$181M
Forward guidance
DigitalOcean provided financial outlook for Q1 2024 and full year 2024.
Tailwinds
- Q1 2024 total revenue is expected to be $182 to $183 million.
- Q1 2024 adjusted EBITDA margin is expected to be 37% to 38%.
- Q1 2024 non-GAAP diluted net income per share is expected to be $0.37 to $0.39.
- Full year 2024 total revenue is expected to be $755 to $775 million.
- Full year 2024 adjusted EBITDA margin is expected to be 36% to 38%.
Headwinds
- Adjusted free cash flow margin for full year 2024 is expected to be in the range of 19% to 21% of revenue.
- Q1 2024 fully diluted weighted average shares outstanding of approximately 101 to 102 million shares.
- Full year 2024 non-GAAP diluted net income per share of $1.60 to $1.67.
- Full year 2024 fully diluted weighted average shares outstanding of approximately 102 to 103 million shares.
- A reconciliation of non-GAAP outlook measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, expenses that may be incurred in the future.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+3.4%
Avg return
Earnings day
+6.1%
Avg return
5 days after
+9.3%
Avg return
30 days after
56%
14 / 25 earnings
Positive
+40.8%
Q1 2026
Best reaction
-25.3%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +40.8% | +51.1% | +66.1% | |
| Q4 2025 | +8.2% | -5.4% | +44.5% | |
| Q3 2025 | +17.1% | +33.1% | +24.4% | |
| Q1 2025 | -13.3% | -11.0% | -15.2% | |
| Q4 2024 | +9.8% | +15.3% | -4.4% | |
| Q3 2024 | -12.2% | -5.7% | -2.2% | |
| Q2 2024 | +17.6% | +29.6% | +31.4% | |
| Q1 2024 | +15.6% | +19.0% | +14.6% | |
| Q4 2023 | +5.3% | -2.2% | +6.2% | |
| Q3 2023 | +24.9% | +32.5% | +55.7% | |
| Q2 2023 | -25.3% | -23.3% | -43.1% | |
| Q1 2023 | -1.8% | -2.6% | +28.8% | |
| Q4 2022 | +7.1% | +2.0% | +3.3% | |
| Q3 2022 | -7.8% | +8.3% | -8.9% | |
| Q2 2022 | +2.9% | +6.4% | -11.7% | |
| Q1 2022 | -13.4% | -21.8% | +15.8% | |
| Q4 2019 | +6.6% | +13.9% | +3.4% | |
| Q4 2021 | +27.6% | +29.4% | +22.7% | |
| Q3 2020 | +6.9% | +2.3% | -20.2% | |
| Q3 2021 | +8.5% | +23.4% | -11.1% | |
| Q2 2020 | -7.1% | -2.8% | +27.9% | |
| Q2 2021 | -8.2% | -2.0% | +24.9% | |
| Q4 2020 | -9.1% | -11.5% | -5.2% | |
| Q1 2020 | -9.1% | -11.5% | -5.2% | |
| Q1 2021 | -5.6% | -14.5% | -10.6% |
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