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

DigitalOcean Q1 revenue rose 14% to $211 million; new $500 million term loan

Positive Impact 4 of 5 earnings Written later

DigitalOcean reported first quarter 2025 revenue of $211 million, up 14% year-over-year, and net income of $38 million, up 170%. It also entered a new five-year credit agreement on May 5, 2025, that replaces its 2022 credit facility and provides a $300 million revolver and a $500 million delayed draw term loan, which may be used only to refinance its 0% convertible notes due 2026.

Key points

  • Q1 2025 revenue was $211 million, up 14% year-over-year; diluted net income per share was $0.39.
  • Adjusted free cash flow was negative $821 thousand, compared with $34 million in the first quarter of 2024.
  • Q2 2025 revenue guidance is $215.5 million to $217.5 million; full-year 2025 revenue outlook of $870 million to $890 million was reiterated.
  • The credit agreement matures on the fifth anniversary of May 5, 2025, with a springing maturity tied to the 2026 convertible notes.

The filing

CompanyDigitalOcean (DOCN)
Form8-K, current report
Filed with the SECMay 6, 2025, 7:03 AM ET
Accession number0001582961-25-000084

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.02 Results of Operations2.03 New Direct Financial Obligation

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 May 06, 2025.

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.