๐๐ถ๐ด๐ถ๐๐ฎ๐น๐ข๐ฐ๐ฒ๐ฎ๐ป (๐๐ข๐๐ก) โ ๐ช๐ต๐ ๐ฎ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐ฒ๐ฟ ๐๐น๐ผ๐๐ฑ ๐๐ ๐๐ป ๐ข๐๐ฟ ๐ฃ๐ผ๐ฟ๐๐ณ๐ผ๐น๐ถ๐ผ
DOCN $DOCN (DigitalOcean Holdings Inc.) is the rare cloud-infrastructure name that is profitable while growing. The numbers:
โข +404% trailing 12-month return
โข 16.4% operating margin (the median direct cloud peer runs at -7.2%)
โข 10 consecutive earnings beats
โข 14 upward FY 2026 EPS revisions in the past 30 days, zero downward
โข $948M TTM revenue, $298M TTM EBITDA, $741M cash on hand
The moat: DigitalOcean built the cloud for everyone the hyperscalers don't economically serve. Predictable pricing, a clean dashboard, AI infrastructure that a two-person team can use without an AWS solutions architect. That asymmetric positioning is structural, not marketing.
How DOCN passed our three pillars:
โ Universe: cleared on operating profitability, momentum, and the cleanest 30-day revision spread in the cloud space.
โ Optimizer: selected as one of 15โ30 names, equal-weighted with the rest of the portfolio.
โ Overlay: 1.42 beta scales naturally with our current Cruising-mode exposure.
The honest part: forward P/E is 158, P/B is 19. We're paying a premium for the only profitable name in a structurally loss-making niche. The bet is that the upgrade cycle continues, not that the multiple holds.
Full breakdown with dual peer charts, balance sheet detail, and the three-pillar walkthrough:
www.veloriscapital.com/cockpit/digitalocean-docn-deep-dive
Past performance is not an indication of future results. Capital at risk.... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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Sat Jun 06 2026 02:12:09 GMT+0000 (Coordinated Universal Time)
