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

DigitalOcean raises 2024 revenue guidance after Q3 revenue rises 12% to $198 million

Positive Impact 4 of 5 earnings Written later

DigitalOcean reported third quarter 2024 revenue of $198 million, up 12% year-over-year, and net income of $33 million, up 72%, and raised its full-year 2024 revenue guidance to $775 million to $777 million. Adjusted free cash flow fell to $26 million from $56 million a year earlier, and the filing also disclosed the October 30, 2024 resignation of Chief Revenue Officer Muhammad Aaqib Gadit, with a deferred payment of about $7.3 million to him.

Key points

  • Q3 2024 revenue was $198 million, up 12% year-over-year; diluted net income per share was $0.33
  • Full-year 2024 total revenue guidance raised to $775 million to $777 million
  • Q4 2024 revenue guidance set at $199 million to $201 million
  • Adjusted free cash flow was $26 million in Q3 2024, versus $56 million in Q3 2023; Chief Revenue Officer Muhammad Aaqib Gadit resigned October 30, 2024

The filing

CompanyDigitalOcean (DOCN)
Form8-K, current report
Filed with the SECNov 4, 2024, 7:05 AM ET
Accession number0001582961-24-000153

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits 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 November 04, 2024.

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