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DigitalOcean is a profitable, growing cloud platform repositioning itself as an 'agentic inference cloud' for AI and Digital Native Enterprises (DNEs). FY2025 revenue grew 15.5% to $901M, led by 24% growth in DNE-customer revenue (now 60% of total, ~21,000 DNE customers), and the business throws off real cash — $310M of operating cash flow against just $129M of capex and a steady 59.9% gross margin. Operating income rose 72.5% to $157M, a genuine 17.4% operating margin, as G&A fell on the absence of 2024 acquisition/reorg compensation costs.

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