DigitalOcean AI-cloud forward revenue valuation

DigitalOcean Holdings Inc. (DOCN)
By@hypertonx
Assumptions as of 2026-08-04
USD
Updated Aug 4, 2026 · Revised 3 times
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DigitalOcean AI-cloud forward revenue valuation

as of 2026-08-04

Fair value per share
$147.73
Implied equity value ($B)
$18.69
Present value enterprise value ($B)
$18.97
2028 enterprise value ($B)
$23.79
2028 revenue ($B)
$2.38
Upside / downside
15.2%
Inference-services ARR floor ($B)
$0.164
Current EV / 2026 revenue
13.0
Current EV / 2027 revenue
8.7

Capital structure

0.1265B shares
$0.28$B

Disclosed AI metrics

$0.234$B
70.0%

Market reference

$14.99$B
$128.23$/share

Operating assumptions

50.0%
35.0%
$1.175$B

Valuation

12.0%
10

Sources

  1. Q2 2026 earnings call, including revenue, AI customer ARR, inference-services mix, outlook, margins, RPO, capacity and pro forma leverage. — investors.digitalocean.com
  2. DigitalOcean disclosed multiple nine-figure annual customer commitments and approximately 155 MW of committed capacity in July 2026. — investors.digitalocean.com
  3. Q1 2026 balance-sheet, share issuance, debt repayment and AI-Native Cloud launch context. — sec.gov

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