DigitalOcean Holdings, Inc.


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DigitalOcean Holdings, Inc.: Initiation Of Coverage – Are Its Solid Investments In R&D & GPU Capacity Enough To Warrant A Bullish Outlook? 


This is our first report on cloud platform operator, DigitalOcean. The company’s Fourth Quarter and year-end 2023 results included a revenue of $181 million, an 11% increase YoY. The financial results reflected stable net dollar retention and effectiveness in their financial operations, with Chief Financial Officer Matt Steinfort elaborating on a bottoming trend in Q3 at 96% NDR (Net Dollar Retention). This was a significant turnaround in a year where the platform faced a slowing revenue growth and persistent macroeconomic headwinds.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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