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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 198M | 3.1% |
| Gross Profit | 119M | 1.8% |
| Cost of Revenue | 79M | 5.2% |
| Operating expense | 95M | 0.2% |
| Net Income | 33M | 72.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.53B | 0.7% |
| Total Liabilities | 1.74B | 2.9% |
| Shares Outstanding | 92M | 0.8% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 73M | 2.8% |
| Cash from investing | -60M | 74% |
| Cash from financing | -17M | 30% |
EPS
Financial Highlights for DigitalOcean in Q3 '24
DigitalOcean reported a revenue of 198M, which is a 3.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 119M, marking a 1.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 79M, a 5.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 95M, showing a -0.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 33M, showing a 72.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for DigitalOcean with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
