2023-08-03 16:14:43 ET
- DigitalOcean press release ( NYSE: DOCN ): Q2
- Revenue of $170M (+26.9% Y/Y).
- Shares -17% .
- Annual Run-Rate Revenue ( ARR ) ended the quarter at $682 million, representing 25% year-over-year growth.
- Gross profit of $102 million or 60% of revenue.
- Loss from operations was $1.5 million and operating margin was (1)%.
- Adjusted EBITDA was $72 million and adjusted EBITDA margin was 43%.
- Cash, cash equivalents, and marketable securities was $551 million as of June 30, 2023.
- Q3 Outlook:
- Total revenue of $172.5 to $174.0 million.
- Adjusted EBITDA margin of 38% to 39%.
- Fully diluted weighted average shares outstanding of approximately 105 to 106 million shares.
FY Outlook
- Total revenue of $680 to $685 million.
- Adjusted EBITDA margin of 38% to 39%.
- Adjusted free cash flow margin in the range of 21% to 22% of revenue.
- Fully diluted weighted average shares outstanding of approximately 105 to 107 million shares.
For further details see:
DigitalOcean reports Q2 results