DigitalOcean Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
DOCN$72.48+2.5%Stored close · as of Nov 6, 2026
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Item 1. Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED BALANCE SHEETS
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $439,872 | $317,236 |
| Marketable securities | — | 94,532 |
| Accounts receivable, less allowance for credit losses of $5,664 and $5,848, respectively | 68,936 | 62,186 |
| Prepaid expenses and other current assets | 43,198 | 29,040 |
| Total current assets | 552,006 | 502,994 |
| Property and equipment, net | 371,000 | 305,444 |
| Restricted cash | 1,747 | 1,747 |
| Goodwill | 348,674 | 348,322 |
| Intangible assets, net | 123,110 | 140,151 |
| Operating lease right-of-use assets, net | 121,430 | 155,201 |
| Deferred tax assets | 2,035 | 1,994 |
| Other assets | 6,476 | 5,114 |
| Total assets | $1,526,478 | $1,460,967 |
| Current liabilities: | ||
| Accounts payable | $12,946 | $3,957 |
| Accrued other expenses | 28,065 | 31,046 |
| Deferred revenue | 5,575 | 5,340 |
| Operating lease liabilities, current | 68,113 | 81,320 |
| Other current liabilities | 61,311 | 70,982 |
| Total current liabilities | 176,010 | 192,645 |
| Deferred tax liabilities | 3,518 | 3,533 |
| Long-term debt | 1,483,470 | 1,477,798 |
| Operating lease liabilities, non-current | 73,556 | 91,161 |
| Other long-term liabilities | 1,627 | 9,528 |
| Total liabilities | 1,738,181 | 1,774,665 |
| Commitments and Contingencies (Note 8) | ||
| Preferred stock ($0.000025 par value per share; 10,000,000 shares authorized; 0 shares issued and outstanding as of September 30, 2024 and December 31, 2023) | — | — |
| Common stock ($0.000025 par value per share; 750,000,000 shares authorized; 92,397,303 and 90,243,442 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) | 2 | 2 |
| Additional paid-in capital | 65,701 | 30,989 |
| Accumulated other comprehensive loss | (398) | (452) |
| Accumulated deficit | (277,008) | (344,237) |
| Total stockholders’ deficit | (211,703) | (313,698) |
| Total liabilities and stockholders’ deficit | $1,526,478 | $1,460,967 |
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