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AI brief of an SEC Form 8-K · DigitalOcean (DOCN)

DigitalOcean Q2 revenue rises 13% to $192 million; net income $19 million

Positive Impact 4 of 5 earnings Written later

DigitalOcean reported second-quarter 2024 revenue of $192 million, up 13% year over year, and GAAP net income of $19 million, compared with $665,000 a year earlier. The company also updated its full-year 2024 revenue guidance to $770 million to $775 million and gave third-quarter revenue guidance of $196 million to $197 million.

Key points

  • Q2 2024 revenue of $192 million, up 13% year over year; diluted EPS of $0.20 versus $0.01 a year earlier
  • Full-year 2024 total revenue guidance updated to $770 million to $775 million
  • Third-quarter 2024 total revenue guidance of $196 million to $197 million
  • Adjusted free cash flow was $37 million, down from $45 million in Q2 2023

The filing

CompanyDigitalOcean (DOCN)
Form8-K, current report
Filed with the SECAug 8, 2024, 4:08 PM ET
Accession number0001582961-24-000120

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.