DigitalOcean Holdings, Inc. (DOCN) Balance Sheet
DOCN balance sheet, 2025
December 31, 2025 · U.S. dollars$1.84B assets = $1.87B liabilities + −$28.7M equity
Liabilities exceed assets: shareholders’ equity is negative (−$28.7M).
Both columns are drawn to the same scale: what DOCN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DOCN financial health
Descriptive bands, not a rating. Fiscal 2025.
DOCN balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $245.1M2018 | $1.84B2025 | +33.4%/yr | |
| Total liabilities | $178.7M2018 | $1.87B2025 | +39.8%/yr | |
| Shareholders’ equity | −$56.9M2018 | −$28.7M2025 | — | |
| Cash & short-term investments | $30.0M2018 | $254.5M2025 | +35.7%/yr | |
| Total debt | $135.9M2018 | $730.6M2025 | +27.2%/yr | |
| Net cash (debt) | −$106.0M2018 | −$476.1M2025 | −$370.1M | |
| Working capital | −$13.0M2018 | −$192.5M2025 | −$179.5M | |
| Book value per share | −$0.652018 | −$0.272025 | — | |
| Current ratio | 0.802018 | 0.692025 | −0.11 | |
| Debt / equity | 3.752019 | 34.382022 | +30.63 | |
| Shares outstanding | 87.1M2018 | 105.3M2025 | +2.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DOCN assets
DOCN liabilities and equity
DOCN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DOCN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $254.5M | $428.4M | $411.8M | $864.2M | $1.71B | $100.3M | $32.9M | $30.0M |
| Cash & equivalents | $254.5M | $428.4M | $317.2M | $140.8M | $1.71B | $100.3M | $32.9M | $30.0M |
| Short-term investments | — | $0 | $94.5M | $723.5M | $0 | — | — | — |
| Receivables | $90.9M | $91.1M | $62.2M | $53.8M | $39.6M | $28.1M | $20.7M | $16.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $1 | −$3.2M | $0 |
| Other current assets | $81.6M | $22.2M | $29.0M | $27.9M | $17.1M | $19.5M | $10.2M | $4.1M |
| Total current assets | $427.0M | $541.7M | $503.0M | $946.0M | $1.77B | $148.0M | $60.6M | $50.5M |
| Property, plant & equipment (net) | $859.9M | $620.4M | $460.6M | $426.9M | $249.6M | $239.0M | $178.8M | $175.4M |
| Goodwill & intangible assets | $448.2M | $466.4M | $488.5M | $434.1M | $75.1M | $37.3M | $59.6M | $34.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $102.6M | $10.5M | $8.9M | $8.7M | $6.2M | $6.0M | $3.4M | $0 |
| Total assets | $1.84B | $1.64B | $1.46B | $1.82B | $2.10B | $430.3M | $302.5M | $245.1M |
| Liabilities | ||||||||
| Accounts payable | $38.8M | $54.6M | $4.0M | $21.1M | $12.7M | $12.4M | $27.2M | $13.7M |
| Short-term debt | $464.6M | $79.3M | $86.5M | $57.4M | $31.9M | $17.5M | $15.2M | $24.1M |
| Deferred revenue | $5.9M | $5.4M | $5.3M | $5.5M | $4.8M | $4.9M | $4.3M | $3.5M |
| Total current liabilities | $619.5M | $221.0M | $192.6M | $165.5M | $58.2M | $84.8M | $72.5M | $63.5M |
| Long-term debt | $970.7M | $1.49B | $1.48B | $1.47B | $1.46B | $242.2M | $173.0M | $0 |
| Lease obligations | $306.3M | $209.8M | $177.7M | $165.9M | $0 | $0 | $3.8M | — |
| Other long-term liabilities | $276.3M | $135.6M | $104.2M | $132.3M | $1.9M | $175.3M | $5.9M | $115.1M |
| Total liabilities | $1.87B | $1.84B | $1.77B | $1.77B | $1.52B | $502.3M | $251.5M | $178.7M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $1,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$43.7M | −$258.7M | −$344.2M | −$214.3M | −$186.5M | −$167.0M | −$123.5M | −$83.1M |
| Treasury stock | — | — | — | — | −$4.6M | — | — | — |
| Accumulated other comprehensive income | −$960,000 | −$1.5M | −$452,000 | −$2.0M | −$374,000 | −$245,000 | −$112,000 | −$53,000 |
| Total shareholders' equity | −$28.7M | −$203.0M | −$313.7M | $47.6M | $578.2M | −$72.1M | $51.0M | −$56.9M |
| Key figures | ||||||||
| Total debt | $730.6M | $1.70B | $1.66B | $1.64B | $1.46B | $259.7M | $191.1M | $135.9M |
| Net cash (debt) | −$476.1M | −$1.27B | −$1.24B | −$771.2M | $250.7M | −$159.4M | −$158.2M | −$106.0M |
| Working capital | −$192.5M | $320.8M | $310.3M | $780.5M | $1.71B | $63.2M | −$11.9M | −$13.0M |
| Tangible book value | −$476.9M | −$669.3M | −$802.2M | −$386.5M | $503.1M | −$109.4M | −$8.6M | −$91.2M |
| Book value per share | −$0.27 | −$2.15 | −$3.25 | $0.47 | $5.39 | −$0.68 | $0.48 | −$0.65 |
| Shares outstanding | 105.3M | 94.5M | 96.4M | 100.8M | 107.2M | 105.3M | 105.3M | 87.1M |
| Current ratio | 0.69 | 2.45 | 2.61 | 5.72 | 30.39 | 1.75 | 0.84 | 0.80 |
| Quick ratio | 0.56 | 2.35 | 2.46 | 5.55 | 30.10 | 1.51 | 0.74 | 0.73 |
| Debt / equity | — | — | — | 34.38 | 2.53 | — | 3.75 | — |
| Equity / assets | −1.6% | −12.4% | −21.5% | 2.6% | 27.5% | −16.8% | 16.9% | −23.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $767.0M | $741.4M | $254.5M | $236.6M | $387.7M | $360.4M | $428.4M | $439.9M | $443.1M | $419.1M | $411.8M | $384.1M |
| Cash & equivalents | $767.0M | $741.4M | $254.5M | $236.6M | $387.7M | $360.4M | $428.4M | $439.9M | $443.1M | $419.1M | $317.2M | $79.4M |
| Short-term investments | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $94.5M | $304.7M |
| Receivables | $115.0M | $105.5M | $90.9M | $84.4M | $81.3M | $76.6M | $91.1M | $88.3M | $67.4M | $63.9M | $62.2M | $60.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.4M | $0 | $0 | $0 | $1 |
| Other current assets | $135.6M | $97.5M | $81.6M | $46.7M | $40.8M | $42.2M | $22.2M | $4.4M | $33.2M | $32.9M | $29.0M | $27.1M |
| Total current assets | $1.02B | $944.3M | $427.0M | $367.6M | $509.8M | $479.2M | $541.7M | $552.0M | $543.7M | $515.8M | $503.0M | $471.5M |
| Property, plant & equipment (net) | $1.56B | $1.08B | $859.9M | $800.6M | $734.7M | $689.2M | $620.4M | $492.4M | $505.9M | $478.1M | $460.6M | $451.1M |
| Goodwill & intangible assets | $444.0M | $448.3M | $448.2M | $453.1M | $458.0M | $462.2M | $466.4M | $471.8M | $477.4M | $482.7M | $488.5M | $494.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $106.4M | $95.4M | $102.6M | $104.4M | $17.4M | $11.1M | $10.5M | $10.3M | $9.8M | $9.0M | $8.9M | $8.4M |
| Total assets | $3.12B | $2.57B | $1.84B | $1.73B | $1.72B | $1.64B | $1.64B | $1.53B | $1.54B | $1.49B | $1.46B | $1.43B |
| Liabilities | ||||||||||||
| Accounts payable | $10.4M | $31.9M | $38.8M | $67.6M | $31.3M | $9.4M | $54.6M | $12.9M | $9.5M | $4.5M | $4.0M | $14.3M |
| Short-term debt | $441.4M | $480.1M | $464.6M | $148.9M | $98.2M | $92.9M | $79.3M | $68.1M | $74.0M | $81.2M | $86.5M | $76.1M |
| Deferred revenue | $53.0M | $6.3M | $5.9M | $8.6M | $11.3M | $5.6M | $5.4M | $5.6M | $6.8M | $5.5M | $5.3M | $5.1M |
| Total current liabilities | $776.1M | $647.0M | $619.5M | $325.0M | $224.5M | $198.3M | $221.0M | $176.0M | $220.2M | $189.0M | $192.6M | $184.3M |
| Long-term debt | $609.4M | $608.5M | $970.7M | $1.28B | $1.49B | $1.49B | $1.49B | $1.48B | $1.48B | $1.48B | $1.48B | $1.48B |
| Lease obligations | $608.9M | $380.2M | $306.3M | $299.7M | $274.4M | $254.6M | $209.8M | $141.7M | $157.0M | $176.4M | $177.7M | $183.4M |
| Other long-term liabilities | $806.8M | $427.6M | $276.3M | $186.0M | $181.3M | $166.8M | $135.6M | $78.7M | $88.8M | $103.0M | $104.2M | $123.7M |
| Total liabilities | $2.19B | $1.68B | $1.87B | $1.80B | $1.90B | $1.85B | $1.84B | $1.74B | $1.79B | $1.77B | $1.77B | $1.78B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Retained earnings (deficit) | $7.5M | −$28.0M | −$43.7M | −$69.4M | −$183.5M | −$220.5M | −$258.7M | −$277.0M | −$310.0M | −$330.1M | −$344.2M | −$357.8M |
| Accumulated other comprehensive income | −$1.8M | −$1.6M | −$960,000 | −$943,000 | −$591,000 | −$1.2M | −$1.5M | −$398,000 | −$577,000 | −$591,000 | −$452,000 | −$1.0M |
| Total shareholders' equity | $930.7M | $887.4M | −$28.7M | −$69.6M | −$175.2M | −$210.7M | −$203.0M | −$211.7M | −$253.8M | −$286.1M | −$313.7M | −$358.8M |
| Key figures | ||||||||||||
| Total debt | $1.50B | $899.6M | $730.6M | $1.59B | $1.76B | $1.74B | $1.70B | $1.63B | $1.64B | $1.66B | $1.66B | $1.66B |
| Net cash (debt) | −$731.7M | −$158.2M | −$476.1M | −$1.36B | −$1.38B | −$1.38B | −$1.27B | −$1.19B | −$1.20B | −$1.24B | −$1.24B | −$1.28B |
| Working capital | $241.5M | $297.3M | −$192.5M | $42.6M | $285.2M | $280.9M | $320.8M | $376.0M | $323.6M | $326.9M | $310.3M | $287.2M |
| Tangible book value | $486.7M | $439.0M | −$476.9M | −$522.7M | −$633.2M | −$672.9M | −$669.3M | −$683.5M | −$731.1M | −$768.8M | −$802.2M | −$853.0M |
| Book value per share | $7.35 | $7.93 | −$0.27 | −$0.68 | −$1.74 | −$2.06 | −$2.15 | −$2.06 | −$2.70 | −$3.05 | −$3.41 | −$3.49 |
| Shares outstanding | 126.5M | 111.9M | 105.3M | 103.0M | 100.6M | 102.3M | 94.4M | 102.6M | 93.8M | 93.8M | 92.0M | 102.7M |
| Current ratio | 1.31 | 1.46 | 0.69 | 1.13 | 2.27 | 2.42 | 2.45 | 3.14 | 2.47 | 2.73 | 2.61 | 2.56 |
| Quick ratio | 1.14 | 1.31 | 0.56 | 0.99 | 2.09 | 2.20 | 2.35 | 3.00 | 2.32 | 2.56 | 2.46 | 2.41 |
| Debt / equity | 1.61 | 1.01 | — | — | — | — | — | — | — | — | — | — |
| Equity / assets | 29.8% | 34.5% | −1.6% | −4.0% | −10.2% | −12.8% | −12.4% | −13.9% | −16.5% | −19.3% | −21.5% | −25.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
DOCN financial position
At the end of fiscal 2025 (December 31, 2025), DigitalOcean had total assets of $1.8 billion (up 12.1% from a year earlier), total liabilities of $1.9 billion and shareholders' equity of -$28.7 million. It held $254.5 million in cash and short-term investments against $730.6 million of debt, net debt of $476.1 million. Its current ratio was 0.69. In the latest quarter (ended June 30, 2026) total assets were $3.1 billion and equity $930.7 million.
Related: DOCN income statement, DOCN cash flow statement, DOCN key metrics. See the DOCN stock overview for the latest quote and news.
DOCN balance sheet FAQ
What are DigitalOcean's total assets?
DigitalOcean reported total assets of $1.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.6 billion a year earlier.
How much debt does DigitalOcean have?
DigitalOcean had $730.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does DigitalOcean have?
DigitalOcean held $254.5 million in cash and short-term investments at the end of fiscal 2025; with $730.6 million of debt that is net debt of $476.1 million.
What is DigitalOcean's book value?
DigitalOcean's shareholders' equity (book value) was -$28.7 million at the end of fiscal 2025, or −$0.27 per share.
What is DigitalOcean's current ratio?
DigitalOcean had current assets of $427.0 million and current liabilities of $619.5 million, a current ratio of 0.69 (current liabilities exceed current assets).
How much goodwill does DigitalOcean have?
DigitalOcean carried $448.2 million of goodwill and intangible assets, 24.4% of total assets, at the end of fiscal 2025.