DigitalOcean Holdings Inc (DOCN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 465,943 | 443,122 | 430,373 | 418,685 | 402,792 | 402,347 | 393,917 | 377,525 | 364,395 | 336,840 | 309,377 | 283,974 | 257,966 |
| Revenue (ttm) | US$ in thousands | 780,615 | 756,564 | 735,142 | 712,480 | 692,884 | 675,008 | 650,061 | 614,129 | 576,322 | 532,986 | 492,299 | 462,227 | 428,561 |
| Gross profit margin | 59.69% | 58.57% | 58.54% | 58.76% | 58.13% | 59.61% | 60.60% | 61.47% | 63.23% | 63.20% | 62.84% | 61.44% | 60.19% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $465,943K ÷ $780,615K
= 59.69%
DigitalOcean Holdings Inc's gross profit margin has shown fluctuations over the specified period. Starting at 60.19% in December 2021, the margin increased to 63.23% by December 2022. However, there was a slight decline in the following months, with the margin dropping to 58.13% by December 2023.
The company experienced a minor recovery in the gross profit margin to 59.69% as of December 2024. Overall, the trend suggests variability in the company's ability to generate profits from its core operations, potentially influenced by factors such as cost management, pricing strategies, and competitive pressures. Continued monitoring of the gross profit margin will be essential to assess the company's financial performance and profitability sustainability.
Peer comparison
Dec 31, 2024