The Filing Desk

DigitalOcean vs Fastly

DigitalOcean DOCN · Fastly FSLY · Internet Services & Infrastructure

DigitalOcean reported revenue of $901 million in fiscal 2025, 1.4 times Fastly's $624 million in fiscal 2025. DigitalOcean's revenue grew 15.5% in its latest year, and Fastly's grew 14.8%. DigitalOcean had an operating margin of 17.4%, against -19.1% at Fastly. Free cash flow was $181 million at DigitalOcean and $66 million at Fastly.

Side by side

DigitalOceanFastly
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$901M$624M
Revenue growth15.5%14.8%
Revenue growth a year, last 5 years23.1%16.5%
Gross margin59.9%57.1%
Operating margin17.4%−19.1%
Net margin28.8%−19.5%
Free cash flow$181M$66M
Free cash flow margin20.0%10.5%
Return on capital15.7%−9.7%
Net debt to EBITDA4.0x—
Dividends and buybacks$82M$0M
Change in diluted share count11.5%6.4%
Last close$72.48$15.85
P/E at the last close——
Insider trades, last 12 monthssold $573.8 millionsold $86.4 million
Piotroski F-score7 of 95 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
DigitalOceanFastly
Operating margin
Percent of revenue
DigitalOceanFastly
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
DigitalOceanFastly

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the DigitalOcean and Fastly pages.