DOCNDigitalOcean Holdings, Inc.

$115.11

Is it safe?

Can DOCN take a bad year?

DigitalOcean Holdings, Inc. carries $178M of net debt at 0.60× EBITDA: a load its earnings can carry.

$178M

Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
0.60×

Net debt / EBITDA · 4.89× a year ago · the load is coming down

Altman Z-score
5.49

Altman Z-score · safe zone, above 3

Interest cover
5.93×

Interest cover · operating profit covers the interest bill several times over

Details
Total debtQ1 2026
$920M
Cash and short-term investments
$741M
Net debt
$178M
EBITDA, trailing twelve months
$295M
Operating profit, trailing twelve months
$156M
Debt / equity
1.04×
Total debt / EBITDA
3.11×
Annualised volatilitytwo years of daily moves
74%
Worst drawdown on file
−85%
Below its 52-week high
−37%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.