DigitalOcean Holdings Inc (DOCN)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross profit	US$ in thousands	408,917	364,395	257,966
Revenue	US$ in thousands	692,884	576,322	428,561
Gross profit margin		59.02%	63.23%	60.19%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $408,917K ÷ $692,884K
= 59.02%

DigitalOcean Holdings Inc's gross profit margin has displayed a fluctuating trend over the past three years. In 2021, the gross profit margin stood at 60.19%, which increased to 63.23% in 2022 before declining to 59.02% in 2023. This indicates that the company's ability to generate profit from its core operations has seen some variability. Further analysis would be needed to understand the factors contributing to these fluctuations and to assess the overall profitability and efficiency of DigitalOcean Holdings Inc's operations.