For the year ending 2025-12-31, DOCN had -$175,560K decrease in cash & cash equivalents over the period. $180,518K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income attributable to common stockholders | 259,262 | 84,492 | 19,409 | -24,283 |
| Depreciation and amortization | 137,449 | 130,052 | 117,866 | 102,232 |
| Stock-based compensation | 80,315 | 90,545 | 88,347 | 105,829 |
| Provision for expected credit losses | 17,985 | 16,446 | 15,357 | 16,551 |
| Revaluation of warrants | - | - | 0 | 0 |
| Gain on extinguishment of debt, net | 48,104 | 0 | 0 | -407 |
| Deferred income taxes | 71,237 | -2,337 | 67 | 4,383 |
| Operating lease right-of-use assets and liabilities, net | 14,996 | -324 | -5,709 | -11,417 |
| Non-cash interest expense | 7,418 | 7,987 | 7,949 | 7,880 |
| Net accretion of discounts and amortization of premiums on investments | 0 | -2,569 | -1,866 | 6,135 |
| Impairment of certain long-lived assets | 52 | 356 | 1,140 | 1,635 |
| Acquisition related compensation | - | - | - | 9,443 |
| Release of vat reserve | 0 | 0 | -819 | 0 |
| Other | 7,156 | -4,921 | -627 | -166 |
| Accounts receivable | 36,210 | 26,746 | 22,668 | 26,645 |
| Prepaid expenses and other current assets | 39,256 | 12,099 | 9,593 | 535 |
| Accounts payable and accrued expenses | 12,282 | 7,423 | -11,077 | 5,500 |
| Deferred revenue | 485 | 57 | -315 | -290 |
| Other assets and liabilities | -11,315 | 25,939 | -21,211 | 3,637 |
| Net cash provided by operating activities | 309,604 | 282,725 | 234,942 | 195,152 |
| Capital expenditures - property and equipment | 129,086 | 178,167 | 119,299 | 106,389 |
| Capital expenditures - internal-use software | 10,765 | 8,356 | 5,514 | 8,913 |
| Acquisition of equipment under financing arrangements | 126,829 | - | - | - |
| Purchase of intangible assets | 1,835 | 0 | 0 | 4,915 |
| Cash paid for acquisition of businesses, net of cash acquired | 0 | 0 | 99,023 | 305,170 |
| Cash paid for asset acquisitions | 0 | 0 | 2,500 | 5,400 |
| Purchase of marketable securities | 0 | 0 | 352,313 | 1,695,165 |
| Sales of marketable securities | - | 0 | 0 | 19,992 |
| Maturities of marketable securities | 0 | 91,675 | 979,565 | 956,847 |
| Purchased interest on marketable securities | 0 | 0 | 151 | 1,575 |
| Proceeds from interest on marketable securities | 0 | 0 | 151 | 1,549 |
| Proceeds from sale of equipment | 230 | 43 | 236 | 981 |
| Net cash (used in) provided by investing activities | -268,285 | -94,805 | 401,152 | -1,148,158 |
| Proceeds from issuance of convertible notes, net of issuance costs | - | - | 0 | 0 |
| Repayment of capital leases | - | - | - | 0 |
| Repayment of notes payable | - | - | 0 | 0 |
| Proceeds from third-party secured financings | - | - | - | 0 |
| Repayment of term loan | - | - | 0 | 0 |
| Proceeds from issuance of term loan, net of issuance costs | - | - | - | 0 |
| Repayment of borrowings under revolving credit facility | - | - | 0 | 0 |
| Proceeds from borrowings under revolving credit facility, net of issuance costs | - | - | - | 0 |
| Payment of debt issuance costs | - | 0 | 0 | 1,520 |
| Proceeds related to issuance of common stock under equity incentive plan | 4,355 | 13,069 | 38,410 | 11,509 |
| Proceeds from issuance of common stock under employee stock purchase plan | 4,653 | 4,095 | 4,977 | 7,926 |
| Employee payroll taxes paid related to net settlement of equity awards | 29,411 | 28,347 | 21,575 | 28,278 |
| Proceeds from debt, net of issuance costs-Convertible Senior Notes Due2030 | 606,130 | - | - | - |
| Purchases of capped calls related to 2030 convertible notes-Convertible Senior Notes Due2030 | 83,875 | - | - | - |
| Proceeds from debt, net of issuance costs-A2025Credit Facility | 376,290 | - | - | - |
| Repayments of 2026 convertible notes including related costs-Convertible Senior Notes Due2026 | 1,131,458 | - | - | - |
| Proceeds from initial public offering, net of underwriting discounts and commissions and other offering costs | - | - | 0 | 0 |
| Proceeds from financing arrangements | 126,829 | - | - | - |
| Proceeds from the issuance of convertible preferred stock, net of issuance costs | - | - | - | 0 |
| Principal repayments of finance leases and financing arrangements | 8,298 | 5,475 | 2,260 | - |
| Repurchase and retirement of common stock including related costs | 82,124 | 59,788 | 488,455 | 600,000 |
| Repayment of sellers note | - | - | 0 | 0 |
| Net cash used in financing activities | -216,909 | -76,446 | -468,903 | -610,363 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 30 | -264 | -15 | -249 |
| (decrease) increase in cash, cash equivalents and restricted cash | -175,560 | 111,210 | 167,176 | -1,563,618 |
| Cash, cash equivalents and restricted cash - beginning of period | 430,193 | 318,983 | 151,807 | 1,715,425 |
| Cash, cash equivalents and restricted cash - end of period | 254,633 | 430,193 | 318,983 | 151,807 |
DigitalOcean Holdings, Inc. (DOCN)
DigitalOcean Holdings, Inc. (DOCN)