DigitalOcean Holdings (DOCN) Cost of Revenue (2020 - 2026)
DigitalOcean Holdings' (DOCN) quarterly Cost of Revenue came in at $126.5 million in Q2 2026, up 44.18% year-over-year from $87.8 million in Q2 2025, and up 11.77% quarter-over-quarter from $113.2 million in Q1 2026.
Analysis
DigitalOcean Holdings (DOCN) Cost of Revenue (2020 - 2026) Analysis & Trends
DigitalOcean Holdings (DOCN) has reported Cost of Revenue for 7 consecutive years, with $126.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 44.18% year-over-year to $126.5 million in Q2 2026; TTM through Jun 2026 was $432.5 million, a 31.16% increase from a year earlier, with the FY2025 full-year figure at $361.8 million, up 14.99% from the prior year.
- Cost of Revenue was $126.5 million for Q2 2026 at DigitalOcean Holdings, up from $113.2 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $126.5 million in Q2 2026 and troughed at $47.2 million in Q1 2022.
- A 5-year average of $79.1 million and a median of $78.0 million in 2023 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue surged 57.91% in 2023 and climbed 1.4% in 2024, its largest moves.
- Over 5 years, Cost of Revenue stood at $60.2 million in 2022, then gained by 28.96% to $77.6 million in 2023, then advanced by 1.58% to $78.8 million in 2024, then advanced by 26.99% to $100.1 million in 2025, then climbed by 26.37% to $126.5 million in 2026.
- The last three Cost of Revenue figures came in at $126.5 million (Q2 2026), $113.2 million (Q1 2026), and $100.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,711.27 Bn | 3,578.52 Bn | 60.48 Bn | 29.53 Bn |
| 2 | International Business Machines | 221.25 Bn | 209.98 Bn | 9.91 Bn | 7.26 Bn |
| 3 | Nebius | 57.28 Bn | 49.24 Bn | 448.70 Mn | 133.60 Mn |
| 4 | CoreWeave | 49.24 Bn | 43.70 Bn | 1.70 Bn | 879.00 Mn |
| 5 | Nutanix | 18.40 Bn | 16.38 Bn | 610.79 Mn | 92.28 Mn |
| 6 | DigitalOcean Holdings | 11.81 Bn | 11.04 Bn | 154.66 Mn | 126.52 Mn |
| 7 | Kingsoft Cloud Holdings | 3.27 Bn | 2.57 Bn | 68.71 Mn | 384.04 Mn |
| 8 | SharonAI Holdings | 2.00 Bn | 139.21 Mn | 1.17 Mn | 761,755.00 |
| 9 | Tuya | 1.16 Bn | 182.03 Mn | 43.05 Mn | 49.89 Mn |
| 10 | Backblaze | 776.06 Mn | 724.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 126.52 Mn |
| Mar 31, 2026 | 113.20 Mn |
| Dec 31, 2025 | 100.12 Mn |
| Sep 30, 2025 | 92.70 Mn |
| Jun 30, 2025 | 87.76 Mn |
| Mar 31, 2025 | 81.26 Mn |
| Dec 31, 2024 | 78.84 Mn |
| Sep 30, 2024 | 81.92 Mn |
| Jun 30, 2024 | 78.33 Mn |
| Mar 31, 2024 | 75.58 Mn |
| Dec 31, 2023 | 77.61 Mn |
| Sep 30, 2023 | 73.25 Mn |
| Jun 30, 2023 | 69.99 Mn |
| Mar 31, 2023 | 74.54 Mn |
| Dec 31, 2022 | 60.18 Mn |
| Sep 30, 2022 | 56.73 Mn |
| Jun 30, 2022 | 47.81 Mn |
| Mar 31, 2022 | 47.20 Mn |
| Dec 31, 2021 | 44.40 Mn |
| Sep 30, 2021 | 43.51 Mn |